[FoRK] Demonizing the hedge funds...

[Jeff Bone]

On Apr 18, 2008, at 1:49 PM, Russell Turpin wrote:
>
> Jeff Bone:
>> Just as there was a huge crowd of folks that voted for crypto-fascist
>> Bush on the theories that he was some kind of moderate and / or
>> actually good on self defense who woke up sometime in early 2005 and
>> said "what the fuck have we done?" --- there's going to be an equal
>> and opposite reaction on the part of those hoodwinked into supporting
>> crypto-socialist Obama should he be elected.
>
> That's a fair concern. But let's keep in mind that these pendulums are
> swinging in several different dimensions. The extreme to which Bush  
> has
> swung has little to do with economics.

Bullshit!

Bush has directly and indirectly done more to adversely impact our  
economic present and future than any president since FDR.  Between the  
prescription drug benefit and the double-whammy of tax cuts and  
massive, unprecedented deficit-fueled spending increases, the man's  
done more to reduce the real wealth of most Americans than you can  
shake a stick at --- and that's just for starters.  (Per the latter,  
the dollar-savings of the Bush tax cuts are offset by the portion of  
dollar-devaluation tied to the deficit spending increases alone;  and  
do you really think those increases in house prices between 2002 and  
mid-2007 were real increases in *value?*  Uh huh.  Let me sell you a  
bridge...)

We certainly don't need to follow that up with another 4-8 years of  
*different* bad economics.

jb