Bush Admin Ignored Warnings Again, Leading to More Disaster

Good Morning Papamoka Bloggers - I hope you had a good Thanksgiving and weekend. It was beautiful here in Southern California. I would like to talk about a new AP story this morning that is saying the Bush administration ignored plenty of warnings that the current economic MELTDOWN was on its way.

I know many of you Republicans out there like to say that 9/11 was not the Bush Administration's fault. Most historians disagree. There is plenty of evidence to suggest that the Bush national security team ignored plenty of warnings from the outgoing Clinton Administration and from intelligence agencies. Many historians blame them for the disaster. It happened ON THEIR WATCH.

Now there is evidence to suggest that the Bush economic team ignored warnings of the economic disaster. According to the AP, they "backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed." They supposedly "ignored remarkably prescient warnings that foretold the financial meltdown."

"The administration's blind eye to the impending crisis is emblematic of its governing philosophy, which trusted market forces and discounted the value of government intervention in the economy. Its belief ironically has ushered in the most massive government intervention since the 1930s."

If you go back to the very beginning of this blog (Our Rants & Raves), you can read some earlier posts where I give my own first-hand exposure to the type of mortgage sellers described in the AP story. I worked across the hall from one - it launched months after Bush won the office. It was obvious to anybody watching that it was a new kind of mortgage business - it was obviously predatory.

So, it appears that the Bush Administration is not only going to be known for one of the worst and most deceitful foreign policy blunders in American history, the Iraq War, but it will also be proven over time that it could have prevented TWO OF THE WORST DISASTERS EVER TO HIT THE NATION - 9/11 and the 2008 Economic Meltdown.

I hope you Republicans understand exactly how much damage you caused. You elected a MORON! I know that you never admit it, but it's true. You caused more damage in eight years than any foreign power could ever aspire to. Your success at installing that IDIOT was the worst thing to happen to this nation since the Civil War. You devastated us.

Bush keeps saying in various recent interviews discussing his "legacy" that he never compromised his principles. He's like a broken record talking about his principles. SO THE HELL WHAT? Principles are important, but there's more to being a leader.

Why doesn't he regret his JUDGEMENT? He never regrets how he ignored relevant facts and made bad decisions. The man had/has NO INTELLECTUAL CURIOSITY and HORRIBLE JUDGEMENT! I challenge any of you to defend the Bush Administration. Go ahead, I dare you. This is a blog, use it!

Incredibly, your support for McCain/Palin, two more bottom-of-their-class-bottom-dwellers, shows that you haven't learned your lesson. I only hope that you learn a thing or two about governance over the next four to eight years, and abandon that unbelievable willingness to elect fools as leaders.

Hopefully the majority of Americans, especially independents and fair-minded Republicans, will realize that voting based on fear, narrow moral views, or simple passion is not enough. We must always vote for the most qualified individual. We must always try to elect the person who understands the issues, subtleties and complexities of this very complicated world. I sincerely hope we never have to suffer through this again.

Michael Boh
Papamoka's Left Coast Contributor
from Our Rants & Raves Blog