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Old 06-17-2011, 06:34 PM
 
Location: Imaginary Figment
11,449 posts, read 14,468,431 times
Reputation: 4777

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Quote:
Originally Posted by pghquest View Post
fraud was trying to be faught by Bush..
That's interesting. Please tell us what action Bush took, along with his GOP Congress to do this? What bills were put forth? Any?
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Old 06-17-2011, 06:52 PM
 
29,939 posts, read 39,468,904 times
Reputation: 4799
Quote:
Originally Posted by walidm View Post
Not disputing anything? Hey get your ten year old in here, perhaps the kid can understand the difference between 20M and 15M, and while he's at it tell us what he thinks the "actual" Unemployment Rate reported by the BLS was in 2009...it sure wasn't the 7.8 you guys were quoting when you were "schooling" everyone.

You think the stimulus failed, test that theory in the faces of all of the teachers, firefighters and police officer's whose jobs were protected. You might want to leave out the cops...they can save you from the rest.

Who cares what liberals think, your party is responsible for wiping out "good paying jobs", huge bailouts, massive War, unfettered mortgage fraud, pillaging the treasury and massive unemployment.

For goodness sake, you guys lost 6.6Billion dollars in an airplane! (http://www.theday.com/article/20110613/NWS13/306139932 - broken link)

Where'd that "trickle" off to?

Smack yourself again for the rest of us...twice.
And the $6 trillion lost during the tech-bubble. Let me guess? Bush did it....

Oh, that's right, there was never a bubble there according to liberals.

You folks (generalization) are like the people who supported Al Capone. I mean, he helped the poor tremendously...
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Old 06-17-2011, 07:05 PM
 
29,939 posts, read 39,468,904 times
Reputation: 4799
Quote:
Originally Posted by SLCPUNK View Post
Yes, that's what they think. With "arguments" like these how could anybody even begin to put together a retort?
Quote:
4/13/2005

In 2003, the Administration set forth what we consider to be essential elements for creating a new, stronger, more credible regulatory system for the GSEs. The Administration's position is that without these essential reforms, any new regulatory system would be little improved from the inadequate system we have today. In light of the recent events at the GSEs, the need for meaningful reform has become even more clear. Half-measures will only exacerbate the risks to our financial system.
Testimony of Secretary John W. Snow Before the U.S. House Financial Services Committee Proposals for Housing GSE Reform
Quote:
Published: April 6, 2005
But Mr. Falcon was ultimately vindicated, first by his aggressive handling of the problems at Freddie Mac that resulted in a major management shake-up and other institutional changes, and then last December, when the Securities and Exchange Commission agreed with his central conclusion that Fannie Mae had violated accounting rules.
In the months leading up to the S.E.C.'s decision, Mr. Falcon steadily steered Ofheo through a thicket of criticism, much of it orchestrated by Fannie Mae. The decision by the chief accountant of the commission prompted the resignations of Fannie Mae's two top executives, Franklin D. Raines and J. Timothy Howard, and in recent weeks the company has acquiesced to every demand of its regulator.
The New York Times > Business > Top Regulator of Fannie Mae and Freddie Mac to Depart

Quote:
Published: November 23, 2004

Democratic lawmakers will tell their Republican counterparts that the continued tenure of Mr. Falcon and Mr. Blumenthal would complicate efforts by the Treasury to create a stronger regulator, said Representative Barney Frank of Massachusetts, the senior Democrat on the House Financial Services Committee that oversees the Fannie Mae and Freddie Mac.
http://www.nytimes.com/2004/11/23/bu...rmandofalconjr

God (if you exist) these people are some major blowhards!

And what did Barney Frank do?

Last edited by BigJon3475; 06-17-2011 at 07:25 PM..
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Old 06-17-2011, 07:15 PM
 
30,065 posts, read 18,670,668 times
Reputation: 20884
Quote:
Originally Posted by pghquest View Post
So your telling me that the first 200 years of american history was a complete failure, and we were dominated by world wide communism countries which continue to prosper today? I think not.. Those countries kicking our butt now, are converting daily to a greater trickle down, free market society, while we are going the opposite route. Must be coincidence we have more poverty daily with record numbers on welfare, and higher unemployment rates. Ooh I forgot, you think thats good.

In fact I challenge you to find one place that trickle down, free market capitalism has failed, and the alternative, communism, socialism, has succeeded...

Amazing, isn't it? Liberals just seem to forget the aggregate of world history when coming to their "conclusions". If capitalism was as bad as the liberal would suggest, then surely the US would be a third world nation and the USSR, Cuba, and North Korea would be the engines of prosperity and invention for the world.

But then again, history has shown us that federal "stimulus" has always failed in the past, yet liberals embrace this failed "solution" without question.
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Old 06-17-2011, 07:19 PM
 
69,368 posts, read 64,118,301 times
Reputation: 9383
Quote:
Originally Posted by SLCPUNK View Post
That's interesting. Please tell us what action Bush took, along with his GOP Congress to do this? What bills were put forth? Any?

YouTube - ‪Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis‬‏

YouTube - ‪Shocking Video Unearthed Democrats in their own words Coveri‬‏
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Old 06-17-2011, 07:24 PM
 
Location: Orange County, CA
4,901 posts, read 3,362,273 times
Reputation: 2975
Quote:
Originally Posted by Majin View Post
Never has worked, and never will.

End of story.
No arguments from me...

On second thought, it DOES work for the rich and well-connected...
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Old 06-17-2011, 07:25 PM
 
69,368 posts, read 64,118,301 times
Reputation: 9383
Quote:
Originally Posted by hawkeye2009 View Post
Amazing, isn't it? Liberals just seem to forget the aggregate of world history when coming to their "conclusions". If capitalism was as bad as the liberal would suggest, then surely the US would be a third world nation and the USSR, Cuba, and North Korea would be the engines of prosperity and invention for the world.

But then again, history has shown us that federal "stimulus" has always failed in the past, yet liberals embrace this failed "solution" without question.
I note the liberals having a very difficult time listing some of those successful communism countries, while also listing other free market which are 3rd world poverty nations..
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Old 06-17-2011, 07:42 PM
 
31,387 posts, read 37,054,795 times
Reputation: 15038
Quote:
Originally Posted by pghquest View Post
Oooh, you are talking about the wonderful period of time called the great depression.. What exactly is your point?
There is no point. There is a question. A vern pointed and specific question. A question so simple that a 10 year old would have a hard time find answering.

What happened to unemployment when government spending rose to more than 50% of GDP and the Federal debt exceeded GDP by 120%?
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Old 06-17-2011, 07:44 PM
 
29,939 posts, read 39,468,904 times
Reputation: 4799
Quote:
Originally Posted by ovcatto View Post
There is no point. There is a question. A vern pointed and specific question. A question so simple that a 10 year old would have a hard time find answering.

What happened to unemployment when government spending rose to more than 50% of GDP and the Federal debt exceeded GDP by 120%?
Actually. Your question should be:

What happened to unemployment when government spending rose to more than 50% of GDP and the Federal debt exceeded GDP by 120%
and we were murdering most of the rest of the world and blowing up its industrial complexes?


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Old 06-17-2011, 07:49 PM
 
29,939 posts, read 39,468,904 times
Reputation: 4799
Quote:
Originally Posted by Lycanmaster View Post
No arguments from me...

On second thought, it DOES work for the rich and well-connected...

YouTube - ‪Skeptic Michael Shermer on Atheism, Happiness, and the Free Market‬‏
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