I know I don't know everything...

I agree with Ekattan. Party politics get in the way on a lot of things. People are always making it out to be R vs D. There are other groups out there, but they fall to the wayside because they are not big enough for the people or the mainstream media. It's terrible. I do not know enough about the Clinton administration to have a full say on anything having to do with the lead-up to the failing economy, but I do know that the past 8 years have not been all that wonderful for us. Ekattan has summed up the predatory lending/sub-prime market pretty well. And I am going to have to say this bailout isn't something that I believe is going to work either. :) good blog Hilskie dear! Where have you been, missy?

+1....I'm also trying to stay out of politics (being indirectly involved in politics myself) but I love it the someone thinks for themselves and not what the news tells them to think.

+1

Hilskie it's very simple. The current government under Bush just like almost all Republicans are what they call "Fiscal Conservatives" who are against federal oversight and regulatory laws for banking and other economic institutions. How did this mess happen? Well greedy CEO's started giving out sub-prime mortgages like if they were rubber tortillas. Keep in mind the governmental policies of "we don't care". Banking institutions say "Who cares if these people who we give out loans to can't pay up. We will get interest on the loan for two years and when they can't pay we will reposes the homes". This is evil of course but it is also good business, that is if the real estate market doesn't fall in value. Do to too many homes being built and so many sub-prime mortgages given out the housing market fell so much that the banks now had homes worth almost 15% less then they were worth. Meaning they lost billions. They can sell the homes and they don't have the money for the mortgages. Keep in mind when Clinton left the administration, there was a surplus of over +220 billion. Now currently the deficit of the country is at -440 billion and with this bailout it will be at over a trillion dollars. Meaning the economy will fall. That is why it's such a big deal. Will the bailout work? Many people doubt including myself. It will mostly help the privileged and avoid them from selling their homes in Barbados. Get informed, do your research, and vote. I don't want to sound like a cliche but your country's future is at serious risk here. Please note that I'm not a liberal or conservative, nor a republican or a democrat. These political parties have created a narrow mindedness that falters the democratic process. Now we have news channels siding with each party spewing propaganda until the public is bewildered as to who is telling the truth.

+1 Nice Hilsk. Very Nice.

Hilskie, I think I love you! lol Your rant sounded just like mine. On, and as for Ekattan, he's not liberal or conservative, nor republican or democrat cause he's a socialist/communist. He also doesn't look at both sides of the story and thinks that everything done while a president in office has its results while that president is in office. Even though, with the way our government works, it's about 6-8 years before any major decisions in office take effect.

You see what I mean about narrow mindedness? Facts don't matter, they will always blame anyone else but their chosen party candidate. It works the same either for a democrat or republican. Political parties have destroyed the free thinking american voter.