Asleep at the wheel of a "Ship of Fools"
by
Howard
12/06/2007, 10:49 AM #
Your article brings out yet again all of the flaws, mis-information, head in the sand and yes, down right incompetence of Bush babies administration. He just doesn't get it and is asleep at the wheel! His staff keeps coming across as one of the largest collection of Cretins ever assembled in Washington. Time after time a crisis, mis-information and just plain ignorance blows past Washington and our appointed bureaucrats look as if they are standing around with their pants down around their knees.
What do you expect when high risk home loans are dangled out in front of our American Citizen's who cannot even manage a simple piece of plastic while Christmas shopping? They all want the latest automobiles with no down payments. The largest TV's... and then comes a rock bottom interest bearing loan for the largest home possible. Oh, did we forget to tell you that the interest could be adjusted in a few years? Ha! A.R.M's were a bad deal in the 70's, 80's and 90's... why did Americans think that they were going to be such a "deal" in the 21st Century?
Like it or not, the taxpayers WILL Have to pay in the long run... Look at Florida's School system who invested heavily in Mortgage investment companies. More of these will surface. Get it together Washington! There is no "free lunch" or "fool proof good deal" out there... W.C. Fields summed it up well over 80 years ago; "...a sucker is born every minute..."
As for Iran... well yet again the administration had their pants down... not at the knee's but at their ankles with blind folds on. That is to say that Iran is not a threat, but talk to them; work it out! Was it 6 months ago our little demigod was threatening armed conflict against Iran? Another Middle Eastern Country yet again. Bad intelligence? Bad intellect more likely. Knee jerk reaction... most likely yet. This guy and his cluster of yokels just do not get it... the World is real and Countries are watching... and we keep looking like a ship of fools!