The video is called: End of Wall Street: What Happened. It is supposed to be the first in a 3 part series. Watch it – it is very interesting.
Reading the comments on any news site is like traveling through a verbal minefield. Those on the right want to blame President Obama for our bad economy and those on the left want to blame former President Bush (George W, not George Herbert Walker). Then, regarding Bid Laden’s death, those on the right want to give credit to former President Bush (again, G.W.) and those on the left want to give credit to President Obama.
Both sides are wrong.
Admittedly, I don’t know a lot about the capture of Bin Laden – but, that’s not going to stop me from commenting. Here’s what I know based on various news reports.
I know that he was found in Pakistan. I know that at one point Pakistan was our “friend”. At some point, we decided that we needed more CIA operatives in Pakistan and we put them there. Eventually, these extra operatives were able to find out the necessary information on Bin Laden’s whereabouts and that is when President Obama was brought fully into the loop (Please don’t fool yourself in thinking that the CIA shares every bit of information with the President, they don’t.) and he made the decision to go and get Bin Laden.
Intelligence gathering takes time, just in case you don’t know. If the information had been gathered four years ago, Mission Accomplish would’ve rang true for Bush II, but it didn’t. Should President Obama be allowed to bask in glory of having found and disposing of our nation’s greatest enemy on his watch? Damn straight he should. Give the man his moment in the sun. He gave the order, he approved the mission. If it had failed, he would’ve taken the blame (remember Carter?). He, along with our fine Navy Seals – take that special forces (what can I say, I’m a Navy brat) – should feel proud for this successful mission.
Now, I would like to say one more thing. Former President George W. Bush is not dissing President Obama by not appearing at Ground Zero with him. He’s doing exactly what he said he would do: stay out of the spotlight. With the exception of his book tour, Bush has stayed away from being center stage. His father did it during Clinton’s presidency and now, George W. Bush is following in his father’s footsteps. He’s doing what the right wing doesn’t want done: He’s giving Obama his day of glory. I think that’s very nice of him.
Now, about the economy. Here’s a very short economic history lesson:
The repeal of the Glass-Seagal Act in 1999 by the Gramm-Leach-Bliley Act started the financial mess (by removing the barrier between Wall Street investment banks and depository banks. This led to the sub prime mortgage crisis, which nearly brought this country to it’s knees. For the record, the Gramm-Leach-Bliley Act was sponsored by Republicans and signed into law by a Democrat. Both parties are to blame.
Now, I believe that when you coupled the Gramm-Leach-Bliley Act with Bush’s ridiculous tax cuts for the rich, you just added fuel to the fire. Profits became king, which made the banks and Wall Street take even more chances. However; I am not saying that the Bush tax cuts were the sole reason, just that they exasperated the situation. I am not sure what the tax cuts would’ve done to our economy without the repeal of the Glass-Seagal Act.
In other words, and I’ll say it again, both parties are to blame.
You know who isn’t to blame?
No matter how you slice it, you can’t lay the blame of a bad economy at the feet of a man who wasn’t in power when the economy started to tank. Even though I don’t believe Bush caused the bad economy, there’s at least some cause and effect there and precedence for blaming him. Remember, Carter was blame for the bad economy he inherited from Ford and Reagan was blamed for the bad economy he inherited from Carter. (The 70’s and early 80’s were just a bad time.) In fact, I don’t think Reagan would be so beloved today if he had to deal with the 24 hour news channels and the bloggers like Obama does. But, that’s for another blog.
So, in a nutshell, let’s stop all this petty bullshit and start actually working together. Let’s stop shouting crap at each other and start crossing the aisle. Neither side has a monopoly on what’s wrong for our country and neither side has a monopoly on what’s right for our country. We’re never going to get anywhere if we keep hoping the President fails or slam him all the time. We can’t solve any of our problems talking about those blowhards, Palin and Trump – two people who couldn’t be elected dog catcher to the stars. Let’s start having open dialogues about the issues with some facts, not falsehoods and let’s figure out how to solve our problems. We didn’t kill Bin Laden without some cooperation on both sides and we won’t be able to fix the economy without it.