Thursday, March 19, 2009

Banking crisis:

We do not need to defend the Obama Administration for its economic policies- although they have been half correct. They have the ability to defend themselves. What we can do is clearly define and repeat that the banking crisis and the economic crisis were created during the Bush Administration, as were the contracts for the AIG bonuses.
The TARP was drafted in September 2008. The Bush Administration designed the system which enriched the AIG rich.

The economic crisis began at the international level but it is deeply effecting state and city governments. School funds are slashed, safety net programs are being cut.

A proposal for defending the safety net is here.
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