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Rich Lowry: Economic Collapse under Bush Administration was Devious Left-Wing Socialist Plot

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Are_grits_groceries Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-02-09 05:02 PM
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Rich Lowry: Economic Collapse under Bush Administration was Devious Left-Wing Socialist Plot
THE RICH GET SOAKED
CRISIS AIDS LIBERALS' WISHLIST
America experienced a financial decapitation in 2008. We saw $11 trillion in wealth disappear, an astonishing 18 percent. The destroyed wealth equals the combined annual output of Germany, Japan and Britain, according to The Wall Street Journal. And there's nothing to soak the rich quite like a financial meltdown.

Forbes magazine found only 793 billionaires around the world this year, compared with 1,125 a year ago. The collective net worth of the world's remaining billionaires is $2.4 trillion, down $2 trillion during the past year. A few more years at that pace and they'd be bust entirely.

Creating a new capitalism is a genuinely audacious goal. Give Obama this: When it comes to equalizing wealth, the financial crisis has given him a head start.

So to summarize:

the world's financial titans, freed by conservative deregulation, crash the world's economy
millions of Americans lose their homes and their jobs; therefore, we can conclude that,
socialists like Obama who want to soak the rich tricked the billionaires into opposing regulations that would've prevented the collapse in the first place
Clearly, the starbursts caused serious brain damage.
http://firedoglake.com /

I don't know where this ranks on the stupid scale. Michele Bachman has redefined stupid now.
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tularetom Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-02-09 05:21 PM
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1. If the guy who wrote this actually believes it
I wonder who dresses him, and wipes his butt for him because he is clearly too stuckin foopid to do it himself.
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angstlessk Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-02-09 05:22 PM
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2. I went to firedoglake..then unfortunately clicked on the NY Post...the most reight wing
newspaper in print...even the Washington Times is less reight wing...which I thought was not possible! ugh!!!
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Cresent City Kid Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-02-09 05:25 PM
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3. Billionaire shortage? I'm soooo scared.
$11 trillion "disappeared"? Don't "soak the rich" schemes involve using the money, not just taking it away from the rich? Am I to belive that Robin Hood burned the loot?

Here's a better plan than the one imagined here: there's "only" 793 billionaires left. Tax them one billion dollars each. (If we had sound here, I'd say that like Dr Evil.) Bailout paid for. It would only wipe out the ones that only have one billion, but they can find jobs in the restored economy.
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