McCain & GOP own this meltdown (Republican, Clinton, Obama, Americans)

[paullySC]

Originally Posted by MotleyCrew

Yes and the Clinton administration gave birth to the subprime loan in 1996. Bush ignored the critics and did jump on the bandwagon of "more homeownership for the poor." Sadly, both administrations are to blame with the loose money ninja loans. Democrats will use anything they can to stick it to the republican party. I will respect the democrats only when they can face their failures and responsibilties for these things too. Otherwise what change can we really expect out of Obama?

The democrats wont face their failures, they have no backbone.

[jmking]

Both parties are knee deep into this mess. Point your fingers at Washington, not each other.

[Rggr]

Originally Posted by MotleyCrew

Yes and the Clinton administration gave birth to the subprime loan in 1996. Bush ignored the critics and did jump on the bandwagon of "more homeownership for the poor." Sadly, both administrations are to blame with the loose money ninja loans. Democrats will use anything they can to stick it to the republican party. I will respect the democrats only when they can face their failures and responsibilties for these things too. Otherwise what change can we really expect out of Obama?

Good post. The finger-pointing is largely political. Both parties hold some responsibility; corporations hold some responsibility; and private individuals own some responsibility. The change that needs to come is to realize this, and break from the partisan politics and gotcha politics that perpetuates ineffectiveness.

[padcrasher]

Originally Posted by jmking

Both parties are knee deep into this mess. Point your fingers at Washington, not each other.

Almost all Dem Senators voted against repeal the Glass Act which deregulated the mortage industry. Almost every GOP Senator voted for it.

It is most assuredly not true that Dems are as responsible for this as the GOP.

This is of no suprise. Deregulation of industry is one of the GOP's major themes.

Of course bad Dems went along with it. That's not the point. The point is to vote Democratic and improve the party.

You'd prefer that voters throw up your hands and vote for some stupid issue like "flag burning" while the GOP and their corporate lobbyists bend you over...LOL

[Sunshine Chick]

Originally Posted by sanrene

New Agency Proposed to Oversee Freddie Mac and Fannie Mae - New York Times

Hot Air » Blog Archive » Whose policies led to the credit crisis?

Hardly. It was the democrats who blocked more regulation that the Bush admin put forward five years ago. It was and is the democrats who are in the pockets of Fanny&Freddie, Lehman, and other financial entities.

They are trying everything they can and so far nothing has worked for them.

If Obama can go behind out backs in Iraq to undercut our government then these dems on congress have found a way to make sure this happens just before the election.

BILL CLINTON is to blame, he lifted regulations to allow low income and poor credit people to get loans they should have never got.

Of course dems do not understand money, but if there fellow dems who failed to pay their house payments on time would have honored their contracts to pay these companies would not have did this.

Some people are not made for responsibilities and 99.9% of them are democrats waiting for the rest of us to bail there sorry asses out.

Can you see this coming, next thing Nancy and Harriet will try to find a way to get these losers low rate loans so they can OWN A HOME again.

Wait and see!

These losers will be rewarded by this dem congress.

The American Dream of home ownership has been killed by democrats.

Exactly what this congress is all about, you lose so they can control you.

[sanrene]

Politically Drunk On Power!: Obama's Sub-Prime Buddies! Lehman Brothers, Merrill Lynch, & More

Look at this - details how deep in the pocket of financial giants obama is.

[jmking]

Having lived in Washington under 50 years of Democrat control I have no doubt when the dems lost the house, senate, governorships, in no particular order, they did not leave their power at Congresses steps. They are knee deep into this mess. However, I've never seen such incompetent leadership from a Presidency ever. Bush does not care one bit and the Republicans are going to suffer for it for years. The Democrat Congress is just as lame and will be their turn soon to go back home and chase ambulances. Both parties are on the take from lobbyist and are very transparent about it. To me, we are witnessing the downside of a 2 party system when both parties are more alike then not.

[quelinda]

Originally Posted by sanrene

You are unbelieveable. Did you even read the article - from FIVE friggin YEARS ago. The dems stopped the tighter controls and regulation the Bush admin wanted to implement.

Didn't the GOP run the Congress until 2 years ago for several years??? So how did the Dems have any power or control to actually pass any legislation when they were not in control? Or are you telling us the Dems were in control 5 years ago? If so, look up your history.

[ucfjtm]

Originally Posted by MotleyCrew

Yes and the Clinton administration gave birth to the subprime loan in 1996. Bush ignored the critics and did jump on the bandwagon of "more homeownership for the poor." Sadly, both administrations are to blame with the loose money ninja loans. Democrats will use anything they can to stick it to the republican party. I will respect the democrats only when they can face their failures and responsibilties for these things too. Otherwise what change can we really expect out of Obama?

Finally someone who can look further back in history than 8 years to understand the entire situation. Bonus for you.
*Anyone* who blames this economic crisis entirely on this administration are blind to what was happening the previous 8 years.. and I can't stand Bush, but at least I'm able to take an objective look at history.

[jmking]

Originally Posted by quelinda

Didn't the GOP run the Congress until 2 years ago for several years??? So how did the Dems have any power or control to actually pass any legislation when they were not in control? Or are you telling us the Dems were in control 5 years ago? If so, look up your history.

What, are you a kid? If so, look up your history. Reach back farther than your nose.