Wall Street Collasped

By John

The collapse of Wall Street was predicted in March of 2008 by Dick Morris (Ex-Democrat) in his book "Fleeced", indicating that if Senator Obama were nominated and gained popularity as the election approached, the Stock Market would fall thousands of points due to his anticipated tax policies (because people with money are invested in the stock market - people without money don’t care about the stock market and people with money create jobs). And when and if elected it would plummet , which it has. I am neither for nor against President Obama and certainly would like to see him succeed. 110%.

But if one man, Ex-Democrat Dick Morris (ex-Clinton advisor), can figure this out, it would seem an entire party and a slew of economic advisors might get a clue - at least not to go there.

Foreclosure Rate

Did we just let the poorest of the Americans (god bless 'em but....) buy homes because they couldn’t afford them (which is nice, I guess, but counter-intuitive) and did they single-handedly bring down the global (that's GLOBAL as in earth, the world, all the continents) economy down with the help of a few greedy institutions who parlayed it to confetti?