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Old 09-27-2008, 07:22 AM   #10
Griff
still says videotape
 
Join Date: Feb 2001
Posts: 26,813
I'll have to look for the poll but the public is very sceptical. Everybody can personalize this to some extent. We knew housing was a bubble and we knew people were going to get burned when it went. We didn't know the extent to which the banking community was gaming. My simple logic is this: There were too many dollars in the country due to deficit spending. What the administration proposed was pouring cash into Wall Street to see what happens, which would lead to more shenanigans and weaken the dollar further. Everyone has been buying securities for years because banks didn't pay decent interest because they had too much cash. A woman from the club who lives with her daughter in a tiny apartment in a bad neighborhood put it best last night, "screw the fuckers, live within your means." Now the Dems want to reward the flippers and McMansionites for screwing the pooch and the Republicans are being pressured to reward the banking community. Middle America isn't buying it.
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