After the eight years that George Bush spent ignoring the U.S. economy, investment banks and mortgage companies that hold a majority of the nation’s home mortgages have either faltered or outright collapsed.
On Monday morning, news spread that 158 year-old investment bank Lehman Brothers was closing shop, following the pain that already hit Main St. when Bush came to office.
John McCain, who Democratic Vice Presidential nominee Joe Biden aptly calls Bush 44, defiantly said the “fundamentals” of the U.S. economy are strong. Workers in America have known for some time now that something is fundamentally wrong with the way the U.S. economy has been mismanaged and ignored.
Eight years of protecting inflated CEO salaries and record oil company profits without radical reinvestment in renewable energy has resulted in a Republican Party known for ignoring rising gas prices.
A losing record in football never results in a renewed contract for the head coach.
Note: Author Wade Munday is the news communication spokesperson for the Democratic Party.