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Wednesday, September 17, 2008

You Get What You Pay For

The U.S. economy is teetering on the brink of collapse. Will we survive? In the short term, yes, but in the long term we will need a new path. Polls show that the American people are finally waking up to the fact that the Republicans have wrecked the country's economy -- Obama now leads McCain in the Gallup Tracking Poll.

For years, the Republicans have cried for deregulation at all costs. They have largely gotten what they wanted. In return, we got a number of businesses making shady deals that would have been illegal a generation ago. Those deals caused our ship to start sinking.

McCain wants to cut taxes no matter what, even if we cannot afford to pay our bills. Well, ultimately that credit card bill is going to come due. It seems like it's coming right now. Blame the Republicans. We have wasted hundreds of billions of dollars fighting a pointless war in Iraq. Meanwhile, people are beginning to wonder if FDIC can really back all these loans. Enough already. Let's run this country like a business and start taking in more than we spend. Period. We can't afford to cut off revenue streams.