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Under Republican rule:
1. The U.S. suffered the worst attack on American soil on 9/11.
2. The U.S. invaded and occupied Iraq based on the false charge that it possessed weapons of mass destruction.
3. The U.S. ignored Afganistan and allowed Al Queda and the Taliban to re-establish their presense in Afganistan.
4. The U.S. lowered taxes for the very rich allowing their wealth to skyrocket while the real median household incomes of American families declined.
5. The U.S. suffered through two separate bear markets, one at the beginning of Bush's presidency, and the one we are experiencing now, which marks the first time a U.S. President has suffered through two separate bear markets. Even Hoover only had one big depression.
6. The U.S. suffered through a series of major company collapses with Enron and Worldcom during the accounting scandals of 2003 Rather than impose stricter regulations, the Bush administration just scape goated Ken Lay and Richard Egger without fundamentally changing financial regulations, and ignored the fact that these collapses were attributable to the deregulation master minded by Phil Gramm.
7. The U.S. went from a surplus to large and growing budget deficit and exploding Federal debt.
8. The U.S. ignored abuses in the mortgage industry, as George Bush encouraged Americans to shop with borrowed money.
9. The U.S. experienced the worst financial crisis since the Great Depression.
10. The same GOP that railed against market intervention is presiding over the greatest nationalization of private industry the World has ever seen.
During this time, John McCain vigorously defended and supported the policies and President that led to this mess.
The honorable thing for John McCain to do is to admit the moral and intellectual bankruptcy of Republican policy. However, John McCain has no honor. Thus, because the Republicans can't win on thier record, expect them to do some pretty incredible things to try to distract American people from the truth that is staring them square in the face; that Republican rule has been an epic economic and foreign policy failure.
Also, expect the MSM to largely support the GOP in this effort. The McCain campaign has once again attacked the MSM as liberal, which always signales the large corporate MSM to back-off and cover the topics handchosen by the McCain campaign, as listed in Steve Schmidt's "suggestions" of the things the MSM should be focusing in on, which have nothing to do with current economic crisis. The last time the McCain campaign raised the liberal media charge in earnest was during the RNC convention, and the MSM dutifully covered lipstick, pigs, Palin's personal issues, and Obama's patriotism. Expect the MSM to dutifully comply with McCain's campaign's direction, now that they have the political cover of a "liberal media bias" allegation.
The distraction will have to be very big to distract Americans from the current crisis, but never underestimate the power of the MSM to completely ignore the issues and focus on trivia and character attacks.
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