
In April 1987, William Black watched five U.S. senators, including Sen. John McCain, now the Republican presidential nominee, try to strong-arm federal-thrift regulators on behalf of Charles H. Keating Jr., a Phoenix businessman who owned Lincoln Savings & Loan.
"The administration attempted to give Charles Keating control over the federal agency regulating savings and loans. There were three presidential appointees and there were to be two members chosen by Charles Keating. Sen. McCain was not only aware of that effort but supportive of it. Had that occurred, the savings and loan crisis, instead of being $125 billion to $150 billion, would have been over a trillion dollars. It would have probably still been our worst political scandal in history."
Not a day goes by that we are not told that failing in Iraq is not a option. We are told constantly that we have to win, that failure is not a option, that the war on terror is the transcendental challenge of our generation. And really it sounds good and it sounds right, but is it right. When our President and his supporters like Senator McCain are confronted with the enormity of the problem of trying to change a Islamic Dictatorship into a Democracy they act as though the over 1 trillion dollars that have been invested in this farce is insignificant, and that our nation will not pay a long term price for this ill advised escapade.
When the Old Soviet Union began its escapade in Afghanistan some 30+ years ago they too were a super power but after 10 years of exhausting their wealth and resources in Afghanistan they found themselves facing not defeated people in Afghanistan but defeated people within their own country and the internal break up of their own empire, which was the direct result of neglecting the critical needs of their own people and their internal national infrastructure. The Soviet Army like the American Military in Iraq today found themselves fighting not for a well defined national goal that was supported by and understood by its citizens but essentially they fought purely to revenge their fallen comrades a sentiment often expressed today by our band of brothers in Iraq.
It has been said that we are fighting a guerrilla war now in Iraq, and guerrilla wars are not about power and hardware, but they are more a contest of will and endurance. The question that must be answered is whether our desire to build something , a form of goverment that the Arabs don't want is greater than their desire to destroy both it and us. In Afghanistan the Soviet Military was unable to overcome the will of the Mujaheddin and in Iraq the American Military may not be able to overcome the will of the multiple splinter groups that fight against the Iraqi puppet Goverment or against the American Military itself.
Finally it was the double whammy of the lingering effect of a stagnant economy caused by a 10 year war in Afghanistan , and the sharp drop of oil prices that broke the back of the Soviet Union. And unless something gives in a hurry its going to be the double whammy of the more than quadrupled cost of oil and the rising energy and food cost as well as the continuing cost of a ill advised war in Iraq that is threatening the long term stability of the United States as a world power.
War is and has always been a tremendous undertaking requiring massive investments of both manpower and material. But the real cost of war can only be measured by figuring what else we could have done to improve the lives of our citizens and to repair our infrastructure here at home with the extra 5 trillion dollars spent over the course of the last 6 years that has increased our national debt from 4.9 trillion to over 9 trillion dollars fighting what can only be called Bush's Folly in Iraq which only the most naive and partisan members of the Republican Party will not admit was started under false pretenses using hyped and distorted evidence to sell it to the American people
One more reason to not vote for John PTSD McBush.
The reasons build daily of why this mean spirited ,wants to avenge Vietnam grey haired dude need not apply at my house to do my lawn, never mind be the president of this nation. Here in AZ we know John McCain and he is no Maverick, not what he claims to be, not truthful; furthermore he is guilty by association and of poor judgement when it comes to Charlie Keating his best ex con friend in the world. McCain has learned from the S&L matter of how to deny deny deny and plausible denialblity as well.
Our representatives showed us that they listened to us by NOT voting to bail out Bush and his billionaire friends. There was nothing in it for us, no salvation for anything pertaining to the little guy. What, we were supposed to let Paulson & Bush rob the country? I think we had better question their intent and regulate the crap of them and hold them accountable, I think it would have far exceeded $700 billion, and I say let it all fail and we will start over again a little smarter for our mistakes, and the same financial dictators will be too poor to screw with us again. Bush and Paulson got too big for their britches, and today they were brought down, let's be sure and keep it that way!
Don't Vote to Tote the Note. I ate Spam and macaroni tonite. It was my pre-depression dinner salute to the bulls and the bears. I paid off three credit cards while Wall Street plunged 500 points today. I'm paying my part in the environment we have allowed it to become. Stand strong for right and long for wrong.
Be at peace, drink the kool-aid. The war will be won, the bankers have your best interests in hand, your mortgage will be fixed by the bailout, and all the stocks you sunk your retirement into will rebound.
Oh, and the tooth fairy left you a dollar, and Santa Claus is bringing you gifts.
Thanks for selling your soul so my investment bank can turn a profit! I really appreciate you begging for money on the street so I can keep my mansion! :-)
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