The Decade in review: Greedenomics and the dawn of the Great Debtor Nation

Greedenomics!

It was a decade of many false gods and all of them were tied to greed.

The God of the web - for some reason a business did not need to make money or even have a plan to make money and the heads of the company seemed most likely to succeed if they still had acne. While this madness was mainly part and parcel of the last decade - it did tip over into this decade, and it's proximity to the next excessive madness is amazing.

We came off that crash with a resounding shake of our heads - "what the hell were they thinking"

By 2003 it became clear that Real Estate was the only safe haven and as our Realtor's would point out: "You can't lose on Real Estate - (in the long run)". Most of the time the words in the long run were not actually said aloud and in most cases the Realtor's and other Real Estate salespeople had no concept of motivating thought in a purchase, let alone history - signing was the main concern. (need we point out that having a Real Estate license does not require so much as a high school diploma - though Real Estate purchases are typically the biggest purchase that we make in our lives).
Creative lending made all kinds of sense - you sold off the mortgage contracts as soon as they came in and made a pile - leaving it to the banks and overseas investors. While the World Bank was screaming at the US in 2003 for allowing Fannie Mae to be leveraged to the tune of 78 to 1, it didn't even make BJ (Bush Jr.) blink - what else did he have going besides a war and lunatic spending?!

Bush Jr. decided that spending money in a fashion not dissimilar to Reagan would be a great idea - after-all - most people are not aware that Reagan increased the national debt by 700% so why worry about that - "everyone knows that the democrats are the spenders".

Bush Jr. spent some 13.5 trillion dollars, taking us from a nation with a 3.5 trillion dollar surplus left over from the Clinton administration, to a Debtor Nation with a national debt of over 10 trillion dollars - quite a republican accomplishment - (who else but a republican spends that kind of money - know one in history - that's who! - Reagan is the only one ever remotely close).
As astounding as this might now seem - what is even more astounding is that the spineless democrats never took the time to make this known to the American public and now it appears that all of our deficits are because of Obama. (pays not to frame an issue).

Bush Jr. also decided that giving those making an average income of $118,000 per month,
a huge tax cut, would be the perfect way to stimulate the economy and that it was a wise thing to do in light of the fact that we were in two wars.
Once again the spineless democrats decided that framing the "upper 2%" was of no value and so in the 2004 elections, 17-19% of those that voted believed they were part of the "upper 2%".
For some reason the democrats decided not to point out that the very bottom of the "upper 2%" makes over $20,000 per month and that the average income of this group is $118,000 per month.

Throughout the decade of Greedenomics we saw one overbearing stupidity: an overwhelming belief in Self Regulation - why.....anything else is communism! (though 45% of our debt is to communist countries - Bush's buddies - god they love him!)

In 2004, enlisting the forces of God himself - Ralf Reed - the man that could deliver the robotic masses of the religious fetus brains - Bush Jr., Rove and President Dick along with talk radio drug addict Rush Limpburger - we came to understand that all of our woes came down to two things:
Gays and Hispanic's - OMG! It was also obvious to some of us that God himself was a real problem - God (Gauwd) apparently hates, and he hates quite a few things - a hateful punishing guy........

Perhaps Fearnomics is the better coin....