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And Obama bails them out does he not? Didn't he vote for TARP as Senator and sign it into law as POTUS? Didn't Obama bailout what is now known as Government Motors?
Take off the rose colored glasses and step away from the Huff-Po and Daily Kos. It's embarrassing that you contradict yourself so obviously.
Paulson bailed 'em out... Not Obama... but they both work for the Globalists Bankers anyway...
As far as GM goes... The entire U.S. Military is a Government jobs program...
Actually...the Chinese and Japanese will own us...and it will be Skippy's fault.
nope not ALL his fault
it goes back.. alot further than obama,, or bush
there are TWO main problems and a few others, that caused the 'wall street' to collapse and a recesssion............JOBS and HOUSING...and they go back to BEFORE bush
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
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, 3 trillion worth of debt from the lost wages.(and obamy wants to increase it too,,,hmmm)
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
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
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
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
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
for the 6years (of 2001-2007) liberals are complaining that Bush is spending 'out of control".....yet spending has increased 44% since 2007 when the liberals took over the two houses
some of the problems go back MUCH, MUCH further wilson, FDR, JKF, LBJ, nixon, carter.....many policies that are KILLING US TODAY
there are TWO problems right now, that caused the 'wall street' to collapse............JOBS and HOUSING...and they go back to BEFORE bush
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
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, 3 trillion worth of debt from the lost wages.(and obamy wants to increase it too,,,hmmm)
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
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
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
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
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
for the 6years (of 2001-2007) liberals are complaining that Bush is spending 'out of control".....yet spending has increased 44% since 2007 when the liberals took over the two houses
He took the debt to an all new level in about 2 year's time. There was still hope in 2008....but Skippy plowed right through that when he pushed through is $2 in stimulus and HCR, then his $3.5 T budget.
Obama is the true leader. The GOP is a bunch of spoiled brats. Obama is offering them $3 trillion in cuts in exchange for $1 trillion in new revenue. Obama is an adult dealing with children.
Obama is the true leader. The GOP is a bunch of spoiled brats. Obama is offering them $3 trillion in cuts in exchange for $1 trillion in new revenue. Obama is an adult dealing with children.
Obama is the true leader. The GOP is a bunch of spoiled brats. Obama is offering them $3 trillion in cuts in exchange for $1 trillion in new revenue. Obama is an adult dealing with children.
The Whitehouse plan is actually for $4 trillion in cuts over 10 years. House GOP plan is around $2 trillion with no plans at increasing revenue.
And yet the GOP is supposed to be the deficit hawks. They do not care about the deficit, only power.
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