General Discussion
In reply to the discussion: Democrats' Move to the Right Profoundly Affects our Young People and Our Future. [View all]JDPriestly
(57,936 posts)it started with the bank bail-out.
http://www.democraticunderground.com/10023422535
Total lack of understanding about how money works. It is frightening. How could both the Republicans and the Democrats make such a colossal mistake in handling the financial crisis.
That homeowners should and could be bailed out, not the banks, occurred to me as soon as Bush's Secretary of the Treasury went to Congress with his unconstitutional, stupid plan to hold a coup by taking over the economy. Why Congress could not understand what was going on I do not know. It seemed so obvious. And Obama is well educated and intelligent, but intelligence is not just defined clearly as one set of capacities. I think that there are many, many people who think more logically than Obama. Obama's intelligence is in other areas. He just does not understand economics. I don't think he can put the puzzle pieces together when it comes to how finance works.