Spending Spree On Financial Crisis Is Democrats Fault

December 19, 2008

The Facts

Ex-presidential candidate Fred Thompson, a Republican, has a new satire video out called “Some Good News For A Change”. It is an 8 minute 24 second video. Thompson spends the first 3 minutes 3 seconds making the most sensible point you could ever hear about the absurdness of these trillions of dollars we are spending on the bailout. But then, his real objective surfaces. This mess we are in and what we are doing to get out of it is the fault of the Democrats and all those liberals.

My View

During the recent presidential campaign Fred Thompson left no doubt he has much of the same views as George Bush; remove all requirements for corporations & wealthy people to pay any taxes at all and let the burden of supporting the country fall completely on the backs of the working class. And now that the campaign for the 2009 Presidency is over, Thompson is preparing the landscape for the next presidential campaign. You can bet this video will resurface in full force during 2011, if not earlier. And there will be an “official” letter of some sort from some “well respected” individual that will accompany the video pointing out how we knew even back in 2008 that the Democrats were at the root cause of the financial failure and all the borrowed & spent money. So let me get my two cents in now.

George Bush (Republican), Henry Paulson (Republican), Ben Bernanke (Republican), and Christopher Cox (Republican) devised this “panic” plan and said if we don’t borrow $2.5 trillion for the taxpayers to pay back and give it to their friends on Wall Street, “the sky would fall”. And, “oh, by the way; we don’t want any questions asked or any oversight on how the money is spent”. This group of four was hailed as saviors by most of the financial world (Wall Street) and the biased news media. Then the Democrats said if we don’t lend $34 billion (0.0136% of what was given to Wall Street) to the Big Three auto makers they, the auto makers, would go out of business, and nearly 3 million workers will loose their job, of which about 1.5 million will be blue color worker and middle income workers. And, “oh, by the way; we, the Democrats, are going to put all kinds of restrictions on the Big Three, ask all kinds of question, and monitor the hell out of the way the money is spent”. Then Barack Obama, before he takes office, says he wants to spend $850 billion (34% of what Wall Street got) to start major jobs programs that will put millions of blue color workers and tens of thousands of middle income workers to work. But, according to Fred Thompson, this mess we’re in and the spending spree of all the borrowed money is the fault of “all those liberals”. WOW!

When the presidential campaign kicks off in 2010, and this video pops up, there will be someone like me who will point out the above facts. Then the biased news media and biased mouth pieces will quickly dismiss that as being “old news” and “nobody cares about old news”. Just like today, facts and truth won’t matter. So Fred Thompson and many of the other neo-conservatives will continue to lay the groundwork for the next presidential election.