From: travis Subject: CaglePost: Day of Reckoning Date: Tuesday, September 30, 2008,
[image: THE CAGLE POST] <http://caglepost.com/> Would you like to reprint our cartoons on your site or in your publication? It's easy! Visit us here <http://politicalcartoons.com/>. * <http://caglepost.com/ticker.aspx>* Cartoon by Nate Beeler<http://cagle.com/politicalcartoons/PCcartoons/beeler.asp>- Comment on the cartoon<http://caglepost.com/cartoon.aspx?id=75EBE802-53A1-40DC-9811-F14754A8ED95> We have a great collection of cartoons called "Wall Street Stress" LOOK!<http://cagle.com/news/WallStreetStress> *Day Of Reckoning*<http://www.caglepost.com/column/Pat+Buchanan/7973/Day+Of+Reckoning.html> by Pat Buchanan <http://www.caglepost.com/c/24/Pat+Buchanan.html> - Comment on the column<http://www.caglepost.com/column/Pat+Buchanan/7973/Day+Of+Reckoning.html> How did the United States of America, the richest nation on earth, whose economy represents 30 percent of the Global Economy, arrive at the precipice of a financial panic and collapse? The answer lies in the abject failure of both America's financial elite and the political elite of both parties - the same elites now working together to determine how much of our wealth will be needed to bail the nation out of the crisis of their own creation. Big Government is riding to the rescue - saddlebags full of our tax dollars - to save us from the consequences of the stupidity and folly of Big Government. New York and Washington, the twin cities responsible for the crisis, are now being hailed by the media as the 7th Cavalry, coming to rescue a beleaguered nation. Had there not been a steady and constant infusion of easy money and credit into the U.S. economy by the Fed, for years on end, a housing bubble of the magnitude of the one that has just exploded could never have been created. Had the politicians of both parties not coerced and pressured banks, S&Ls, Fannie Mae and Freddie Mac to make all those sub-prime mortgages, then to tie this rotten paper to good paper, convert it into securities and sell to banks all over the world, there would have been no global financial crisis. Had they seen this coming and acted sooner, the Federal Reserve and U.S. Treasury would not today, like Henny Penny, be crying, "The sky is falling!" and the end times are at hand, unless we give them 5 percent of our gross domestic product to buy up suspect securities backed by sub-prime mortgages. Consider what the "Paulson Plan" of Treasury Secretary Hank Paulson, against which Sen. Richard Shelby and the House Republicans... *READ MORE<http://www.caglepost.com/column/Pat+Buchanan/7973/Day+Of+Reckoning.html> * * <http://www.cagle.com/news/fiore/main.asp> Check out Mark Fiore's newest animation, Fundamentals! *Follow Daryl each day on Twitter at: twitter.com/dcagle<http://twitter.com/dcagle> [image: Visit the newest cartoons by all of our cartoonists!]<http://caglepost.com/ticker.aspx> ------------------------------ *TO UNSUBSCRIBE (Do Not Reply): email [EMAIL PROTECTED] or CLICK HERE<http://list.caglepost.com/unsubscribe.aspx> . Copyright Cagle Cartoons Inc, Columns and cartoons copyright the respective cartoonists and columnists. All Rights Reserved.* -- *~@):~{> --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
