I'm wondering how many of you were around and recall the Savings and Loan bailout?
That was the first and largest major scandal of a Bush administration. It was $500 billion and that was a mind-blowing amount. Honestly. People couldn't get their minds wrapped around it, and what, if we didn't do it, was going to happen to the economy. Especially seniors.
Once we did it, the bitter bile of doing it contributed to Bush's losing in '92, because of the economic ground that middle class Americans lost, of what fell to them to have to fix so that a relatively few rich phat cats could keep ill-gotten gains. It brought into bold relief just what a fraud Reaganomics was, and how working Americans got shafted by Republicans.
Then in the 1990s, like now, Democratic politicians let Republicans off the hook, to become resurrected and do it all again.
Until people realize that Ds and Rs are in it together, like a relay team handing the baton off to each other to consolidate their gains, we're never going to be the America that we believe we are, where anyone can succeed and work their way up and out of poverty through education and hard work.
Read the Article at HuffingtonPost
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