McBailout

President Bush reminds all of us once again why Republicans should not be trusted with the economy.  As if we needed more reasons. 

"Americans should be confident that the actions taken today will strengthen our ability to weather the housing correction and are critical to returning the economy to stronger sustained growth."

Return to stronger sustained growth? Correcting? Forgive me for being pessimistic of Bush's ability to return us to a stronger anything.  

He's right about one thing though. Americans should be confident. But we're not. Given the Bush-McCain track record of the last eight years, it's a little hard to trust so easily.  The consequences of deregulating the lending industry are developing before our eyes. 

Pardon the expression, but the chickens are coming home to roost.  More may be on the way. Many are afraid this is just the beginning. For now, we'll begin with a few handouts, fully funded by the American taxpayer. $100 billion for Fannie Mae and $100 billion for Freddie Mac.  That's only $200,000,000,000.  If you're jaw hasn't dropped yet, consider staring at the eleven zeros in that number.  Then, ponder the possibility of a few more banks going belly-up. What then?

Palin echos why we should trust Republicans all the sudden.

"The McCain-Palin administration will make them smaller and smarter and more effective for homeowners who need help."

And exactly how do they plan on accomplishing any of that?  Promises, promises.  Sound familiar?

Now, McCain wants to govern with the same economic philosophies. Bushonomics. Adding on to the billions in bailouts...84,000 jobs lost last month alone.  An exploding national debt. Stagnant wages. Declining value of the dollar. Rising food costs.  Unaffordable healthcare, and a fading hope of going to college.

I'll pass on another four years of Bushonomics.  

The days of driving a few hundred miles "home" to see dad and mom are gone.  Gas prices are too high.  Waitresses, bartenders, and bellman struggle to make ends meet, many of them still making $2.13 an hour plus $40-$50 a day in tips ($17,430 gross income). A family healthcare plan is out of the question considering the tax burden on the tips. Forget savings. And seniors living on a fixed income will struggle again this winter to cope with rising heating costs.

I'll pass.

While today's billions in big bailouts for banks is the headline, the single-mothers who struggle to work full time and raise thier children at the same time are the real stories.  How on earth can John McCain possibly perceive the economy as fundamentally strong.  That alone is enough to make me question his ability to make decisions for the working middle class.  He really doesn't get it.  He hasn't walked a day in my shoes.