The Cande of Kudlow

Wall Street caused the Subprime-Mortgage-backed cataclysmic meltdown of our economy…

-near 20% under-employment

-housing prices cleaved in half

-401ks obliterated

-the stock market lost half its value from a high of 14,000 in October 2007

-a frozen-to-starting-a-trickle credit market, etc., etc.

* The taxpayer bailouts of AIG, the Wall Street banks and the U.S. car companies started in 2008, under George W. Bush.

And Larry Kudlow throws up unsubstantiated and heavily biased opinion to protect his money and the money of the investor class, who largely caused/ contributed/ complicitly went along with the greed and malfeasance that destroyed our economy.
One word: Derivatives.
* Warren Buffett called derivatives “financial weapons of mass destruction.” Example: collateralized debt obligation.

Here’s the Cande! (conjecture and exaggeration): “If passed, this would reduce investment, jobs, and economic growth, and enlarge the deficit,” Kudlow wrote.

Note: This is the tried and true technique of Conservatives to be the (dark as night) Pot and call the shiny copper kettle (black). Remember, the Republicans and Wall Street caused the Subprime Mess. The quote from Larry Kudlow – demagogue extraordinaire – applies to what Wall Street just did to the American economy during George W. Bush’s presidency.

The Great Recession is the Result of Republican Party Rule:  * The Bush S.E.C. allowed self-regulation by the Wall Street banks on Subprime-mortgage-backed securities.

Watch this…

President Obama and the Democratic majority Congress are cleaning up the multiple messes left behind by the Republicans. Obama and the Democrats are curtailing the reckless behavior of Wall Street that caused the near collapse of our economy in 2008, and the results of which we are still experiencing.

Obama and the Democrats are working to benefit the majority of Americans. Kudlow tries to blame them for cleaning up his and Wall Street’s mess. Show us your jazz hands, Larry. Sophistry & Demagoguery exhibited at their finest:

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