Fresh Signs of National Danger from your Debt Addicted Gubmint
Susie Madrak provides the first ingredient: the Middle East may flee from the dollar. I guess the record profits Bush provided to his Saudi pals was insufficient for them to remain trustworthy allies. Now they can fund Al Qaida with healthier currency.
And then there’s that sleeping giant that refuses to adjust the value of its currency. Faced with threats of trade sanctions from Congress, they’re reminding us how much of our national debt they hold from buying our bonds. Liberal economists have warned in recent years that this power China holds over us could result in a major recession, or force our government to make policy choices that harm American people if the Chinese threaten economic blackmail. Which they’re now doing.
The massive overspending of both the Bush administration and the Reagan administration have left us at the mercy of foreign governments. Do you think it will matter to China if the president threatens to attack one of China’s major oil suppliers: Iran?
Subprime mortgages are not the only economic threat. Sub-intelligent leaders are far bigger threats to our country and to your wallet. And who’s been getting rich from the oil manipulation? From the war and the blood our sons and daughters have spilled?
Why is Congress trying to protect telecoms that illegally spied upon us with our government complicit?
Be careful if you ask these questions, though. If you’re a nuclear spy for our country, you could loss your job. If you’re a legislator, you could be blackmailed by the president. If you’re a college student, you could be Tasered. If the president says you’re a terrorist, you could be locked away for years without seeing a lawyer.
Just look at who’s gotten all the profit in the past 6 years. And remember, when gas hits $4/gallon and you lose your income who sold us out.
