All these Republicans are screaming about how they want to take the country back, whatever that means, but they sure weren’t saying this when Bush, arguably America’s greatest failure, was in office and screwing everything up.

Hop on my magical carpet and let’s review the Bush years:

–complete collapse of the economy
–banks going bankrupt, insurance companies going bankrupt, car companies going bankrupt
–unemployment spiraling out of control
–beginning of huge budget deficits
–started wars with the wrong countries
–torturing our enemies and denying them basic rights
–tried to appoint his secretary to the Supreme Court
–could barely speak the English language
–failed Iraqi War policy costs us nearly a trillion dollars and thousands of lives
–passed huge tax cuts but then ran up huge deficits (how exactly does this make him conservative?)

It’s almost painful to think back to those days. It really does hurt to remember that an incompetent and completely clueless person like George W. Bush once occupied the White House.

So, again, where were all these "Take Back America" people when Bush was turing into dust everything he touched?

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•I thought Bush’s stimulus rebate checks, deficits & Wall Street bailouts were going to bankrupt our country; depreciate the dollar; and cause the stock market to tank. It never happened. Now Barack Hussein Obama is doing everything Bush did by a factor of 10. I mean, $billions for the car companies; billions for people to buy cars; stimulus spending; trill annual deficit; it’s unreal. Yet the 10-year T-bill is under 4% and the US dollar is holding up. Even unemployment, which is approaching 10%, isn’t as bad as it may seem with unemployment benefits lasting 79 weeks; and tremendous growth in fed’l gov’t hiring.

• In summary, can someone tell me how if the U.S. Gov’t can run up such deficits perpetually? Or are we in the middle of another huge bubble; this one centered around gov’t debt?
Why would anything bad happen when the Chinese stop buying our T-bills? Maybe they’ll buy shares of Exxon & Walmart instead? So what? Why can’t the Fed Resv Bank just keep buying billion of $$’s of bonds & Treasuries? In this manner, interest rates stay very low. And paying interest to the Federal Reserve Bank is like paying ourselves the money. Seriously, as long as the Federal Reserve Bank can own trillions of $$’s of debt, which they can do; then I don’t necessarily see high inflation or massive unemployment.

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Think about this folks. A very big reason why we depend on fossil fuels (which pollute the air and supposedly contribute to “global warming”) is because of the mega-industries that revolve around vehicles that run on fossil fuels. Maybe now, that these corporate giants are diminishing in size and in power, other companies can finally afford to bring alternative fuel cars (hydrogen, water, solar power, compressed air, magnets) into the spotlight.

It is a shame that these companies are going under and the people they work for will be out of jobs, but the USA is based on a free market system. The bigger they are, the harder they fall, and we are feeling the powerful impact made by the fall of these companies.

Out with the old, and in with the new.

So again, my question is, can the bankruptcy of car companies be an ultimately good thing?

Technorati Tags: alternative fuel cars, bankruptcy, car companies, corporate giants, fossil fuels, global warming, hydrogen, jobs, magnets, mega industries, shame, solar power, spotlight

I know we’ve had Ford GM and Chrysler for a long time, but what should happen if our car companies go out of Business, and how are we going to manufacture or transportation?

Technorati Tags: car companies, chrysler, ford, gm, long time