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Monday, November 24, 2008

Whining.

When I went looking for some .22 ammo last week, all the local dealers were sold out. I just went on line, and found that the wholesalers are out of the most popular ammo. I guess people took Obama seriously when he commented about implementing a 500% tax on ammo & gun sales and decided to stock up. The Clinton designated "Assault Rifles" are gone, too, and the manufacturers say they are backordered for at least the next year. This makes economic sense, since all Clinton's ban did was drive up the prices 500% to a 1000% and Obama wants to reinstate the ban. ---------- Just to toss out some controversy, when the credit crisis emerged as the top campaign issue, Sen. Obama pounced on his opponent with two basic messages. One was to blame the policies of deregulation that Sen. John McCain voted for. And the second was to hug former rivals Bill and Hillary Clinton as hard as he could and harken back to the prosperity and economic growth of the 1990s. Obama charged that McCain "believes in deregulation in every circumstance" and claimed, "That's what we've been going through for the last eight years." Historically, in 1993, the White House stated that "the laws that governed America's financial service sector were antiquated and anti-competitive. The Clinton-Gore Administration fought to modernize those laws to increase competition in traditional banking, insurance, and securities industries to give consumers and small businesses more choices and lower costs." Clinton deregulated the banks, Bush got the blame. Go figure. Odd, to blame Bush for the deregulation that Clinton did. Clinton's plan gave years of prosperity, but was the long-term cause of this last financial crisis. If anyone is interested, here is a more detailed article. (Me) (Home)

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