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Tuesday, November 22, 2011

The Democrats' Disconnect

Here are a few facts to consider:

1) Democrat John Corzine is the former chairman of Goldman Sachs, the largest investment bank on Wall Street and in the world.
2) Democrat John Corzine is the formet senator from and governor of New Jersey. As governor, Corzine raised taxes substantially but left the state with a huge budget deficit (a shortfall of about 30%) when he was voted out of office.
3) Democrat John Corzine is the chairman of MF Global, one of the worlds largest commodity trading firms. MF Global just filed for bankruptcy as a result of the company making highly risky bets on european bonds. We learned today that 1.2 billion dollars of the funds of MF Global's customers are missing, and it is alleged that Corzine's company just looted the customers' accounts in order to cover the losses on its bad bets. The majority of the customers who lost most of their accounts were farmers and ranchers across America who used the commodity exchanges to sell their products.
4) Democrat Nancy Pelosi is the leader of the Demcrats in the House of Representatives. When the Democrats controlled the House from 2007 to January of 2011, Pelosi was Speaker of the House.
5) Democrat Pelosi is alleged to have used her position to take actions favorable to credit card companies. She also got major positions in the initial public offering of stock in the same company. As a result, Pelosi made enormous profits. If the allegations are correct, then Pelosi sided with the big credit card companies against regular people and made a fortune in return.
6) Democrats are constantly saying how Republicans favor the rich and the big banks while they are the party of the little guy. Indeed, Pelosi is out with a new fund raising appeal explaining why it is Republicans who do things for the rich. It is the same Pelosi who is alleged to have manipulated the system to help major credit card companies in return for being steered major stock profits.

I have to wonder if the Democrats really believe that Americans are so stupid that they will overlook stuff like this.

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