The Manufactured Recession: Democrats Gleeful
Republicans are to blame for removing the uptick rule, but the Democrats didn't exactly change that did they?
The Democrats have had control over Congress since the last election. They have not fought to remove the uptick rule. Why?
Simple. They were "gleeful" in seeing financial banking stocks and housing stocks and all sorts of stocks.. construction...steel...mining....you name it...basically getting vandalized by naked short selling.
So.. in order to "Manufacture" a recession you let the stock market go unregulated. You can argue that it's "Bush's Fault" and sure he does deserve blame for not cracking some heads at the SEC and for being ignorant about the Lending/Housing situation.
But.. Let's not forget.. If it took an act of Congress to remove the Uptick rule then it takes an act of Congress to put it back. Or the SEC has to simply enforce Naked Short Selling and they are not.
How many Banks would have survived had the SEC done their jobs and the Democrats done theirs?
Is winning elections more important than the dwindling middle class getting crushed under the weight of mistakes committed by the FEDs?
If the DEMOCRATS want to win an election season this year then why aren't they doing things to BETTER our lives? Why no Offshore Oil Drilling or Renewable Energy policy? Why not reinstate the Uptick rule?
Democrats simply obssess over their theory that if you trash America's economy and harm it's Middle Class, that the middle class voters won't know better and just assume "It's Bush's Fault" and vote for Democrats to fix things.
Problem is that they have had ALL YEAR to fix things.