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Okay, from what I can gather, Clinton "started the ball rolling" McCain has a similar policy. Now we are where we are, and McCain doesn't want to change it and Obama does. Forget who's a dem and a repub, Obama has wanted regulation and McCain hasn't. Non-regulation, if I understand right, got us into this, so lets give this issue a nod to the Obama column. Sounds like he's got the idea right.
Although he was one of the strongest backers of the deregulation of Wall Street, which has lead to the worse financial bailout in the history of the world, in last night’s interview with 60 minutes, Republican presidential candidate John McCain took no responsibility for the crisis and blamed others.
More and more McCain is reminding me of an old snake trying desperately to slough off his old skin by November. It's a disgusting spectacle to witness.
He IS "Mr. Deregulation" who supported Bush over 90% of the time. He was proud of that at the start of this campaign.
Now that the sh*t has truly hit the fan, he suddenly reverses his position and calls Bush's administration "a failure."
He claims he will take politics out of the White House and would like to fire Chris Cox as chairman of the securities and exchange commission to replace him with Andrew Cuomo, who was part of Clinton's cabinet, by the way.
He has turned against his party and tries to appear more and more like a Democrat every day. Too little too late McCain! We know who you are a diehard Republican no matter how you try to duck and run for cover!
It's too bad that nobody sees it for what it is. McCain is going to die soon. He's an old codger and he wants to go out on top and he is going to sell his soul for votes.
The Clinton administration in 1999 pressured lenders to expand loans to low and moderate income earners which led to this mess.
See the September 30, 1999 article:
Fannie Mae Eases Credit To Aid Mortgage Lending - New York Times (http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F9582 60&sec=&spon=&pagewanted=all - broken link)
President's don't write legislation, Senator's and Congressmen do. However, if we blame Clinton for the start, this Administration should be willing to take full responsibility for incompetence - they have done nothing to "fix" what the prior Administration started and they had all three Branches. What's their excuse - President Clinton? Great. So now we've established via excuse, the full incompetency of the Republican Party....if that's their excuse.
Last edited by walidm; 09-22-2008 at 08:22 AM..
Reason: wrong word and Clarity:)
President's don't write legislation, Senator's and Congressmen do. However, if we blame Clinton for the start, this Administration should be willing to take full administration for incompetence - they have done nothing to "fix" what President started and they had all three Branches. What's their excuse - President Clinton? Great. So now we've established via excuse, the full incompetency of the Republican Party....if that's their excuse.
Yea, the whole checks and balances system is lost on most eh?
Yea, the whole checks and balances system is lost on most eh?
Yep, check = Blame the prior Administration, Balance = charge the taxpayer on the way out the door....oh and don't forget - years from now all credit should go to President Bush because he set the ball rolling for all of the good things that will come next. Heck, we should have no President for the next few years because everything the current President's Administration is doing will lead to overwhelming economic prosperity - to be claimed 8 YEARS FROM NOW.
Yep, check = Blame the prior Administration, Balance = charge the taxpayer on the way out the door....oh and don't forget - years from now all credit should go to President Bush because he set the ball rolling for all of the good things that will come next. Heck, we should have no President for the next few years because everything the current President's Administration is doing will lead to overwhelming economic prosperity - to be claimed 8 YEARS FROM NOW.
I think the neo-cons took Truman's sign and changed it before they put it on Bush's desk - it now says
Who's to blame? The corrupt lobbyiest for the corrupt corporations that bribed the corrupt politicians to sell their country down the river so that they could line their own pockets. Don't you ever find it peculiar that people running for public office will spend millions of dollars to obtain positions that pay less than they could make in the private sector?
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