To Regulate or not to Regulate.

September 19th, 2008.

By Aaron Smith from CNNMoney.com: Bush: ‘We Must Act Now’

Let me preface my diatribe by saying; we should have thrown all 300,000,000 American names into a lotto ball and randomly picked our last president. Can we fire this guy? I am willing to front a severance package to him and his staff, if need be.

Republicans and the Bush Administration have touted deregulation; we should let the economy flourish in a truly capitalistic environment, corporations must have breathing room to grow and not be bound to government regulation. And now that some of our largest and most prestigious investment banks and mortgage giants are in the shitter, due to predatory lending and foolish investment practices, American taxpayers will foot the bill through a government bailout plan which will end up regulating these industries as we take a financial stake in these failed businesses. Oh the tangled web we weave.

To top it off, Bush offered this statement from the featured article above:

“”We must act now to protect our nation’s economic health from serious risk,” Bush said at a White House press conference. “There will be ample opportunity to discuss the origins of this problems. Now is the time to solve it.”"

Um, Mr. Bush, thanks for showing up to the party. Just to clue you in, this was no secret. We have known something like this would happen for over a year now, and now is the time to act? You are a fucking genious, arent you? You figured this out all by yourself. And your friend Paulsen says it will take hundreds of billions of our taxpayer money to resolve the issue. Thanks buddy, you have been a tremendous leader to our country. Your legacy will be remembered for centuries to come. Well done.