Republicans want the economy to collapse (Iraq, drugs, school, politicians)
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I wonder if he's learned anything about attempting "bipartisanship" with a bunch of hateful GOP radicals..????
There was zero, zilch, nada bipartisanship from pelosi and the dem house. The republicans were 100% shut out of formulating the bill - that's why 0 voted for it.
Hannity/Limbaugh would never allow there listeners to hear what is actually in the bill. They just make something up, their listeners are to stupid to know the difference.
I guess you are depending on someone regurgitating the contents of the bill for you. How could hannity or rush stop someone from reading the bill?
I find it funny during the Bush presidency no one really complained about the economy for 6 yrs but then mysteriously the last 2 yrs the economy dropped like a rock...why?
Isnt it amazing thats when the Democates took Congress...And its funny because for the last 2 yrs I have been saying that Pelosi (The Nazi) and (The moron) Reid and all the rest of the Dem. fools were killing this economy on purpose to get Good O'l B.H. Obumer into the White house. Guess I was right !
The best of all this is now that a Democrate is President all you Liberal/Dems are now saying "Lets all come together"....LOL....You people are so screwed up in the head its sad and funny at the same time. Good luck cause when this ship goes down I am gonna laugh my %&$ off.
I find it funny during the Bush presidency no one really complained about the economy for 6 yrs but then mysteriously the last 2 yrs the economy dropped like a rock...why?
Isnt it amazing thats when the Democates took Congress...And its funny because for the last 2 yrs I have been saying that Pelosi (The Nazi) and (The moron) Reid and all the rest of the Dem. fools were killing this economy on purpose to get Good O'l B.H. Obumer into the White house. Guess I was right !
The best of all this is now that a Democrate is President all you Liberal/Dems are now saying "Lets all come together"....LOL....You people are so screwed up in the head its sad and funny at the same time. Good luck cause when this ship goes down I am gonna laugh my %&$ off.
Where were you during 2004 election? We were screaming about the way the economy was going "don't be economic girly men" Arnold told us. You guys just don't notice until it hits wall street. As usual you guys are the last to know.
I find it funny during the Bush presidency no one really complained about the economy for 6 yrs but then mysteriously the last 2 yrs the economy dropped like a rock...why?
Isnt it amazing thats when the Democates took Congress...And its funny because for the last 2 yrs I have been saying that Pelosi (The Nazi) and (The moron) Reid and all the rest of the Dem. fools were killing this economy on purpose to get Good O'l B.H. Obumer into the White house. Guess I was right !
The best of all this is now that a Democrate is President all you Liberal/Dems are now saying "Lets all come together"....LOL....You people are so screwed up in the head its sad and funny at the same time. Good luck cause when this ship goes down I am gonna laugh my %&$ off.
Please refer to my post at the end of Page 4, or any other response or thread that discusses the roots of the economic meltdown, rather than playing the blame game. What I posted for the OP, who blames the Republicans, applies just as much for you, who blame the Democrats.
So who is to blame? There's plenty of blame to go around, and it doesn't fasten only on one party or even mainly on what Washington did or didn't do. As The Economist magazine noted recently, the problem is one of "layered irresponsibility ... with hard-working homeowners and billionaire villains each playing a role." Here's a partial list of those alleged to be at fault:
The Federal Reserve, which slashed interest rates after the dot-com bubble burst, making credit cheap.
Home buyers, who took advantage of easy credit to bid up the prices of homes excessively.
Congress, which continues to support a mortgage tax deduction that gives consumers a tax incentive to buy more expensive houses.
Real estate agents, most of whom work for the sellers rather than the buyers and who earned higher commissions from selling more expensive homes.
The Clinton administration, which pushed for less stringent credit and downpayment requirements for working- and middle-class families.
Mortgage brokers, who offered less-credit-worthy home buyers subprime, adjustable rate loans with low initial payments, but exploding interest rates.
Wall Street firms, who paid too little attention to the quality of the risky loans that they bundled into Mortgage Backed Securities (MBS), and issued bonds using those securities as collateral.
The Bush administration, which failed to provide needed government oversight of the increasingly dicey mortgage-backed securities market.
An obscure accounting rule called mark-to-market, which can have the paradoxical result of making assets be worth less on paper than they are in reality during times of panic.
Collective delusion, or a belief on the part of all parties that home prices would keep rising forever, no matter how high or how fast they had already gone up.
The U.S. economy is enormously complicated. Screwing it up takes a great deal of cooperation. Claiming that a single piece of legislation was responsible for (or could have averted) the crisis is just political grandstanding. We have no advice to offer on how best to solve the financial crisis. But these sorts of partisan caricatures can only make the task more difficult.
Last edited by PureNarcotic; 02-09-2009 at 10:20 PM..
Please refer to my post at the end of Page 4, or any other response or thread that discusses the roots of the economic meltdown, rather than playing the blame game. What I posted for the OP, who blames the Republicans, applies just as much for you, who blame the Democrats.
Here, I'll even copy-pasta a segment from the article that Synopsis linked earlier, so you don't have to bother clicking again:
[SIZE=3][SIZE=3][SIZE=3][SIZE=3][SIZE=3]So who is to blame? There's plenty of blame to go around, and it doesn't fasten only on one party or even mainly on what Washington did or didn't do. As The Economist magazine noted recently, the problem is one of "layered irresponsibility ... with hard-working homeowners and billionaire villains each playing a role." Here's a partial list of those alleged to be at fault:
[/SIZE] [/SIZE] [/SIZE] [/SIZE][/SIZE]
[SIZE=3][SIZE=3][SIZE=3] [SIZE=3]
[SIZE=3]The Federal Reserve, which slashed interest rates after the dot-com bubble burst, making credit cheap.
[/SIZE]
[SIZE=3]Home buyers, who took advantage of easy credit to bid up the prices of homes excessively.
[/SIZE]
[SIZE=3]Congress, which continues to support a mortgage tax deduction that gives consumers a tax incentive to buy more expensive houses.
[/SIZE]
[SIZE=3]Real estate agents, most of whom work for the sellers rather than the buyers and who earned higher commissions from selling more expensive homes.
[/SIZE]
[SIZE=3]The Clinton administration, which pushed for less stringent credit and downpayment requirements for working- and middle-class families.
[/SIZE]
[SIZE=3]Mortgage brokers, who offered less-credit-worthy home buyers subprime, adjustable rate loans with low initial payments, but exploding interest rates.
[SIZE=3]Wall Street firms, who paid too little attention to the quality of the risky loans that they bundled into Mortgage Backed Securities (MBS), and issued bonds using those securities as collateral.
[/SIZE]
[SIZE=3]The Bush administration, which failed to provide needed government oversight of the increasingly dicey mortgage-backed securities market.
[/SIZE]
[SIZE=3]An obscure accounting rule called mark-to-market, which can have the paradoxical result of making assets be worth less on paper than they are in reality during times of panic.
[/SIZE]
[SIZE=3]Collective delusion, or a belief on the part of all parties that home prices would keep rising forever, no matter how high or how fast they had already gone up.
[/SIZE] [/SIZE][/SIZE][/SIZE][/SIZE]
[SIZE=3][SIZE=3] [SIZE=3] [SIZE=3][SIZE=3]The U.S. economy is enormously complicated. Screwing it up takes a great deal of cooperation. Claiming that a single piece of legislation was responsible for (or could have averted) the crisis is just political grandstanding. We have no advice to offer on how best to solve the financial crisis. But these sorts of partisan caricatures can only make the task more difficult.[/SIZE][/SIZE][/SIZE][/SIZE][/SIZE]
Isn't it ironic - for the past 8 years the Republicans didn't see a spending bill they didn't like, they more than doubled the national debt in 8 short years...
Now all of a sudden they've gotten religion - and it is bad for the government to run a deficit...
They have clearly shown that they won't lift a finger to help fix this economic disaster that THEY CREATED - with a big boost from their Fearless Leader - DUBYA.
The Republicans clearly are going to be total obstructionists - and they clearly hope that the economy fails and that Americans suffer what could be another Great Depression - merely in order to gain some political advantage. They are so anti-American and unpatriotic that it almost makes me sick... They don't give a damn about America.
I hope people take notice and vote them out in droves in 2010.
I understand both Pelosi and Reid have all the votes they need to pass the upursulus bill. So, what's yer problem? Not enough filler material for your satisfaction?
In spite of the loosening of regulations/mortages made available to bad risks during the Clinton years, actually the economy was in relatively good shape for 6 years of the Bush administration. Blame the lack of regulation of Fannie Mae and Freddie Mac and MBS.
Democrats and Republicans alike are affected by the economy, so saying that one party wants it to fail is not a sound statement.
I agree entirely with the OP... a lot of die-hard Republican and Bush supporters on this forum think otherwise - but the country by and large is beginning to agree with the OP...
The Republicans DO want Obama to fail - they desperately want the stimulus bill to fail - they think that failure by Obama is their only hope to regaining power - and that is ALL they care about...
I think that the Republicans and Bush are the major guilty parties in the economic mess we are in...
And I TOTALLY disagree with the prior post that the first 6 years of the Bush administration were good economic years. They were only good for the rich... The middle class clearly lost ground - their wages went backwards - their health insurance really started unravelling or disappearing - and college became out of reach for a lot of them - and it was by and large a jobless recovery under Bush - and if you count the last year - their was virtually NO JOB GROWTH under Bush...
The economic rot of trickle-down-economics and derugulation at any price philosophy of Bush and his minions is coming home to roost with a vengence right now.... it was added on to the shoulders of economic rot that Reagan and Bush I ushered in...
The only good thing about all this is that Trickle Down Economics, and the idea that tax-cuts are the best fiscal tonic - are dead and buried for at least another generation - probably two.
Did the Democrats have a hand in this mess - surely - especially Frank and Dodd...
But to say that both parties are equally to blame is pretty ludicrous.
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