Warped version of Robinhood played by Bush Administration

The Bush Administration is playing a warped version of Robinhood. Home owners are losing their equity everyday but the Bush Administration keeps telling people that they can not bail them out. This has not stopped them from bailing out the richest investing banks in the country. It is called robbing from the poor to give to the rich. It would appear that the Bush Administration does not know what the meaning of the term “fair play” is for their administration. “Brutal New American Business Ethic” is the way some people are beginning to describe the fact that this Administration will bail out large financial institution’s interests but turns a blind eye as the middle class working families in this country become homeless.

The investment banks that are getting bailout are taking these steps to assure larger profits in the future: one they have not been passing all of their interest rate savings to customers, two they have started restricting lending only to the most documented, creditworthy applicants, and third they are limiting the total amount in dollars that they are willing to lend. These behaviors have stopped the flow of any help that goes to them from reaching the consumers. The profits from the low cost money the investment banks are allowed to borrow is not being pasted on to the consumers but is being reinvested in high interest Treasury bonds which in turn help the government pay for their high cost war. The net result of all of this is that inflation is going up at an alarming rate, the cost of goods and services are going up and our country is seeing the worst effects of recession that it has seen since the 1920s and 1930s. At this rate no republican will stand a chance of getting elected in November no matter how liberal they claim to have been in the past. As Bill Clinton once told the republicans, “it’s the economy stupid.”