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Old 08-02-2010, 01:17 PM
 
Location: North Beach, MD on the Chesapeake
33,837 posts, read 41,921,093 times
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Is this the same David Stockman whose credibility the Democrats tried, and succeeded, to destroy nearly 30 years ago?

And now you Democrats laud his credibility?
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Old 08-02-2010, 01:31 PM
 
5,767 posts, read 10,282,768 times
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Quote:
1999 Clinton DEREGULATES the banking industry
You mean the Gramm-Leach-Bliley Act, right?
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Old 08-02-2010, 01:33 PM
 
11,961 posts, read 12,815,377 times
Reputation: 2772
Quote:
Originally Posted by workingclasshero View Post
you correct...I did see the late 80's bubble where prices skyrocketed, then dropped in 1990.....and what do the liberal policies do AGAIN.... we make it easier to get mortgages , even WITHOUT DOCUMENTATION, all for the libral way of thinking that we should allow more people to 'own' a home, even though they have no way of paying for it
Look hard at your own words. Those policies are authored by faux liberals wearing a conservative cloak. Now media points fingers at circumstantial evidence when the crime was much more severe/ systemic exploitation than most realized. It was no ordinary tide, it was a tsunami.

These policies, generated in a think tank, are not in keeping with core conservative principles. The hideous nonsense infiltrated conservative party and dems went along with bad plans in the process of negotiation. What red states believe to be a boon for them came at a horrible price to cities across USA. LI suffered from short sighted policy just as horribly as california suffered from enron. Neo conservative philosophy isn't conservative. It's destructive and serves one master- the institution of corporation.
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Old 08-02-2010, 01:42 PM
 
Location: 15 months till retirement and I can leave the hell hole of New Yakistan
25,241 posts, read 13,985,493 times
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Quote:
Originally Posted by harborlady View Post
. Neo conservative philosophy isn't conservative. It's destructive and serves one master- the institution of corporation.
you got that right....neo-cons....former democrats (mostly southern babtists( evengelicals)) who left the democrat party..mostly because of the far left liberal agenda that took over
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Old 08-02-2010, 01:44 PM
 
Location: 15 months till retirement and I can leave the hell hole of New Yakistan
25,241 posts, read 13,985,493 times
Reputation: 6469
Quote:
Originally Posted by tablemtn View Post
You mean the Gramm-Leach-Bliley Act, right?
yes the neo-con bill. tweeked by clinton and signed by clinton


isnt it the american mindset to blame one person....(ie the coach or the quarteback, or the POTUS (ie clinton, bush, obama)
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Old 08-02-2010, 02:08 PM
 
Location: PA
5,560 posts, read 4,966,341 times
Reputation: 1945
Lets end this nonsense once and for all.
Government in the BUSH and now Obama era think 2 things are true.
1. They provide you jobs
2. They run the economy, your safety, your welfare and your social lives.

Until the american people wake up and stop asking them to fix these so called "issues" of which the government creates and breaks repeatedly we are doomed.
Remember they take your money via taxes (via force) everyday so the can regulate and run your life.

They think they are the provider of all the goodness of the world and your religious, social and economic choices are to be controlled by them.

Why do they think this way because American people have been brainwashed into believing Government is best suited in that role. WHY? Why do we let them run our lives I guess because Americans must think they are to stupid to do it themselves. Yet government has a proven record of doing it wrong. Americans no longer care, they have no sense of self awareness and determination to resolve these issues themselves. They would rather yell at a president and carry and sign and vote for the next idiot who will control their lives "better" or provide more welfare, warfare and or any other illusion of freedom so you can be controlled and pay high taxes and watch bend you over.

A small government with no money can't control you and can't be controlled by groups, corporations and banks.

That is a fact and small government and elected people who think that way only get elected until people give up on government all together. To bad we have to many stupid Americans interested in controlling everyone's money, social and religious and or non-religious choices.
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Old 08-02-2010, 02:22 PM
 
23,851 posts, read 19,810,326 times
Reputation: 9381
Hence the Tea Party movement was born. The conservative constituency knows better than Republicans in Congress. Always has, always will. Only now have they finally ruffled a few feathers.
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Old 08-02-2010, 02:29 PM
 
5,160 posts, read 4,659,840 times
Reputation: 1544
Quote:
Originally Posted by workingclasshero View Post
there are TWO problems right now, that is causing 'wall street' to collapse............JOBS and HOUSING...and they go back to BEFORE bush
Now here I most strongly disagree because Dumbya has proven to be the American middle class's public enemy #1.

Old Man Gip and even Senior wasn't as much as a numb skull as Junior was.
They wouldn't blindly hold on to ideology if it meant falling off a cliff.

Quote:
Originally Posted by workingclasshero View Post
let this INFORM you, these problems stem from: 1993, 1995, and 1999 and you can thank the liberals for it, and most of it goes back to the clinton era. why because ECONOMICS run in 10(+/-4) year CYCLES and what we are facing NOW is in DIRECT RELATION to what happened back in the 90's
No argument here.

Quote:
Originally Posted by workingclasshero View Post
1993 NAFTA-originally pushed by Brezezenki and his puppet carter,,moved along by reagan----negotiated by another brezezenki puppet bush1--- passed in 1993 by the democrat controlled congress, pushed by clinton, signed by clinton-inceased with CAFTA by bush2--the consequence ...... 60+ million HIGH PAYING jobs have been lost, 2 trillion worth of debt from the lost wages.(and obamy wants to increase it too,,,hmmm)
No argument here either. This was a major bipartisan blunder.

Quote:
Originally Posted by workingclasshero View Post
1995 clinton (through his chief of HUD (Henry Cisneros and later his second chief andrew coumo)) eased the rules on obtaining mortgages allowing more 'exotic' mortgages and 'no-doc/low doc' mortgages-----the consequence ......housing SKYROCKETED causing low inventories causing a 'not normal' increase in home prices, sellers got greedy, buyers got even greedier (looking to PROFIT in a skyrocketing market by flipping) and bought THINKING that prices would still increase and their ADJUSTABLE mortgage would pay it self off in MINIMUMAL years...EVEN THOUGH THESE INCREASES IN HOME VALUES WERE TOTALLY UNHEARD OF, AND MORTGAGE RATES WERE AT 40 YEAR LOWS( what did they think an adjustable mortgage gotten at 40 year lows would do in the term(3 months-3years) when it adjusted...of course it would go up, their CONTRACT even said after the term it would be 6% PLUS PRIME)))
For many potential homebuyers, the lack of cash available to accumulate the required downpayment and closing costs is the major impediment to purchasing a home. Other households do not have sufficient available income to to make the monthly payments on mortgages financed at market interest rates for standard loan terms. Financing strategies, fueled by the creativity and resources of the private and public sectors, should address both of these financial barriers to homeownership."
The above is the start of the mortgage meltdon: Clinton's National Homeownership Strategy
Now here is where I disagree because Dumbya had a major role in pushing the housing bubble.

Quote:
Originally Posted by kovert View Post
This type of post is a prime example of the revisionist history Beckites love to put out there.

Lets review what 12 years of Congressional control (1994-2006), 8 years of the Presidency and a majority on the SCOTUS has brought us.

We can start with the policies brought to us by your beloved Dumbya.

[b]"The story of today’s deficits starts in January 2001, as President Bill Clinton was leaving office. The Congressional Budget Office estimated then that the government would run an average annual surplus of more than $800 billion a year from 2009 to 2012. Today, the government is expected to run a $1.2 trillion annual deficit in those years.

Moderator cut: Copyright violation

For those that don't like to read, this video lays everything out pretty nicely.

The above mainly focuses on Dumbya's reckless spending on illegal wars, cutting taxes especially for the wealthy and initiating an unpaid for nazi/socialist gubbermint health plan.

Dumbya also had a major hand in the subprime mess that brought the global economy to the brink. This is especially interesting for those that keep whining and crying about Fannie and Freddie.





The formerly known as conservatives brutally trampled over states' rights.

[b]"But Wall Street was let off the hook by the OCC. Shortly after Georgia's law took effect, the OCC preempted the law at the request of National City Bank, whose subsidiary, First Franklin, was a major subprime lender in Georgia.

Moderator cut: Copyright violation



Oh and that's not all folks. Because those that cry about tyranny and dictatorship should have been making noise when Dumbya's puppet master, Darth Cheney was busy plotting on how to inch the republic ever so closer to an empire.

And what fruits came out from the nutjobs that have stolen and defiled the once proud party of Lincoln, ZERO job growth for the 1st time since the depression.

"To mark this week’s focus on the dismal state of the U.S. job market, check out the following chart, which shows the trajectory of private sector U.S. employment since 1998. It tells a story of a lost decade for U.S. workers.

The U.S. now produces fewer private sector jobs than it did a decade ago. This been the case since August, and it’s getting worse. In October, private sector companies employed 108.401 million U.S. workers, a million fewer than in October 1999, when they employed 109.487 million. Not since the Labor Department began tracking payroll employment in 1939 has there been such a stretch with no net job gains.

How to explain the gap? One obvious answer is that the U.S. has suffered through two recessions during this stretch. The first, in 2001, was short and mild but included more than two years of job cuts. The second one starting in 2007 has been long and brutal."


And to make matters worse the corporate activist judges advanced the move toward an oligarchi banana republic when it declared BP and Goldman Sacs are decent, innocent people in dire need of constitutional protection and coddling.

So this is the proud legacy the lunatics that have hijacked the once proud GOP and the right have bequeathed to us and our descendants.

The deliberate death and dismantling of everything the Founding Fathers stood for.

Lets be clear, they are not conservative, they are not right wingers, they are not Republicans.

They are the tea baggin' lunatic fringe cult of Beck and their mission is the destruction of the Constitution and the establishment of a pseudo-Christian fundamentalist state with multi-nationals ruling territories as their own personal fiefdoms.

That is what they are and that is what they are about.

Quote:
Originally Posted by workingclasshero View Post
1996 clinton signed The Telecommunications Act of 1996 (The Act was claimed to foster competition. Instead, it allowed industry consolidation whose actions reduced the number of major media companies from around 30 in 1993 to 10 in 1996, and reducing the 10 in 1996 to 6 in 2005.) causing MONOPOLIES, which can RAISE PRICES
On this we are in agreement. Another blunder by Billy boy.

Quote:
Originally Posted by workingclasshero View Post
1998 clinton does not allow drilling for OUR OWN OIL..the liberals say 'it will take ten years before we seee the oil'...guess what its been ten years
I'm cool with this BUT Billy boy should have pushed more for clean renewable energy.

Quote:
Originally Posted by workingclasshero View Post
1999 Clinton DEREGULATES the banking industry
2000 clinton signs the China trade bill
2000 clinton signs the Commodity Futures Modernization Act of 2000..(which paves the way for ENRON)
2000/1 clinton pushes to get china into the world bank
More mistakes brought to us by Billy boy, but at least with Glass-Steagal, Billy boy was man enough to admit he made a colossal error with that one.

Quote:
Originally Posted by workingclasshero View Post
2003/4/5 republicans try to reighn in fanny and freddie...the liberal opposition leaders (barney frank and cris Dodd) say "there is nothing wrong with fanny/freddy..its a witch hunt"........boy does barney have egg on his face now
I've addressed this above.

Quote:
Originally Posted by workingclasshero View Post
1965 liberals push medicare....say it will only cost 10 billion by 1995....in 1995 it cost 100 billion...in 2010 it cost 500 billion AND CLIMBING
Insurance is only one component of the health care giant. There is also Big Pharma, the medical tech industry along with hospitals.

Besides if you're so intent on getting government out of healthcare, lets remove the anti-trust exemption, health care conglomerates hide under.

Quote:
Originally Posted by workingclasshero View Post
it aint the gop.....its the liberals tahat have cost us
It ain't the liberals (especially since Billy boy and Barry are moderates) and it ain't the GOP as they have been hijacked by the tea baggin' lunatic fringe cult of beck freakshow.

Its the Ayn Rand wet dream that too many people have yet to wake up from.
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Old 08-02-2010, 02:29 PM
 
8,632 posts, read 9,155,742 times
Reputation: 2403
I am so glad to see those of you on the left, new found reverence for David Stockman, my question is, do you also hear what he is saying to you ? In fact, since chronic current-account deficits result from a nation spending more than it earns, stringent domestic belt-tightening is the only cure. HELLO!! Stockman is basically saying now, what Goldwater did in 64, you cant cut taxes with out cutting spending! He is also saying the same thing many of us Conservatives said about Bush.......By fiscal year 2009, the tax-cutters had reduced federal revenues to 15 percent of gross domestic product, lower than they had been since the 1940s. Then, after rarely vetoing a budget bill and engaging in two unfinanced foreign military adventures, George W. Bush surrendered on domestic spending cuts, too — signing into law $420 billion in non-defense appropriations, a 65 percent gain from the $260 billion he had inherited eight years earlier. Republicans thus joined the Democrats in a shameless embrace of a free-lunch fiscal policy. So I for one, want to be one of the first on the right to welcome the op and the other former leftist on this thread to the world of fiscal responsibility! Since you have shown a new found interest in fiscal responsibility, I would like to recommend a book called, (Never Enough, America's Limitless Welfare State) author William Voegeli. I am sure you will find just as, if not more informative as Stockmans writing.
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