Daily Archives: July 26, 2008

The High Price Of Political Corruption

Our never-elected Republican President has done a lot of damage to both his party and the country he was illicitly appointed to serve these past seven and a half years. Republicans have the U.S. at war with two countries derived from lies and deceptions — while facing the very real threat of two more wars with Iran and Pakistan before year’s end — and has alienated the U.S. from the entire Muslim world, not to mention the vast majority of the rest of the world while corporate media, who has catered to President Bush’s deceptions for years and is more interested in ratings than telling the truth, continues losing profits and in some cases credibility, at near-record levels.

A recent article by Paul Craig Roberts from Counter Punch details how the Republican Party has created “The Mother of All Messes.” One of the few things Republicans have excelled at is creating and spreading lies and propaganda, such as a photo that appeared on the internet of a cute little boy wearing a T-shirt that reads: “The mess in my pants is nothing compared to the mess Democrats will make of this country if they win Nov. 2nd.” Republicans have tried blaming their screw ups on Democrats and twisting the truth around for years.

Some highlights of Mr. Robert’s article, on top of the wars mentioned above, include: the dollar has lost 60% of its value while the mighty dollar is losing its reserve currency role in the world, Republican policies have driven up the price of both oil and gold by 400%, inflation is in double digits and the unemployment rate is rising. Money has been no problem for President Bush and his cronies — who effectively created Odious debt — in the defense and oil industries though. They’ve made billions that the American public will probably be paying for for generations to come.

Republican deregulation has resulted in fraud in mortgage lending and dangerous financial instruments that have collapsed the housing market, leaving more than a million homeowners facing foreclosure and financial ruin, loopholes allowing speculation to run up oil prices are left wide open and the financial system is in such disarray that it could collapse from insolvency.

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