An American world viewPosted Sep-30-08 16:16:37 PDT Updated Sep-30-08 20:06:21 PDT I hear all the time how it's a global economy. And it is. I'm hearing how the economic crisis is causing banks in other countries to fail and that it's our fault.
Oh hell no it's not.
This particular world view usually comes from the European community who bought these bundles of subprime risky high yield loans with the same irrational exuberance they're accusing Americans of having when they bought those houses.
Yep. It is from these same countries that were saying that America and Americans have been living the "high life" way too long and now needed to pay for their sins.
Oh hell no. Again. Americans have been paying a high price. Our troops have been doing that in Iraq, Afghanistan, Europe, and Asia. Over 4,000 family members are grieving the death of their love ones because these wars. An we are in debt because of it. And all these other countries that would "look down their noses" at the way American's live their lives have profitted from the lives and money of American citizens. Now the chickens have come home to roost. I wonder who the time is really running out for. Our stock market is up again. 400 points just today. Even though there's been no bailout. Today investors weren't jumping out of the windows of Wall Street. They were buying stock. There are foreign investors who want to buy our banks. And at firesale prices. Saying they'd be better custodians of our banking institution than we would. Folks, when world banks fail it isn't because of the wild spending of the average American. It's because world banks took a gambler's risk and lost. They took the high risky bet. And they lost. Now these countries want us to pay for their risky behavior. They want to blame Americans for their bet. America.
Surely these folks who would tell us what bad business people Americans are were aware of the risks of buying this subprime debt.
It could have easily gone the other way and they could have made a bundle. They didn't.
My world view is American. I've watched how we fight the wars of other countries. I've watched how our moms, dads, sons, daughters, our families and friends have fought and died to keep other countries free. I've watched how our tax dollars have paid for those wars.
I have an American world view because I'm American.
And that mean taking up for yourself in the world markets. I'm thinking that's not such a bad thing.
We need a president who is an advocate for America. First. Considering how many jobs we've lost to other countries, I think the rest of the world can pretty much take care of themselves.
America is my home. There is no place I have found better. To raise my family. To live my life. I Love America. I won't give up on this country. We won't bankrupt this country. We just won't do it.
Time for an World Wide Economic summit. I think that this bail out cost could be reduced and the cost shared world wide. It was a world wide party and looks like we all got drunk. Now we're all gonna share the hang over. Think of it as a way for other countries to say thank you for using our troops to fight their wars and reduce their overhead all these years.
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