Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
"Republicans, who have won so many elections painting Democrats as socialists and pinkos, have now done so much irresponsible deregulating and deficit spending that they have to avoid fiscal Armageddon by turning America into a socialist, pinko society with nationalized financial institutions and a financial czar accountable to no one and no law."
Ben Bernanke and Paulson are to blame because it was their job to man the ship. Bush hired these two men.
In fact, many men that Bush hired are no longer in their position because of incompetence. But, remember, we the people spoke and Bush patted these men on the back. Rumsfield, Brown, Gonzales.
There are many many players that are to blame for this mess we are in. Deregulation, greedy Wall Street, etc. Lenders that created Sub Mortgages. People that wanted a house and they could care less if they could afford it.
Remember Enron? That was under Bush's watch. That should of been a signal and warning.
Let me tell you something. Back in the 80's, the finland, sweden, norway, the scenerio of what happened to these countries similar to what is happening to the United States now. Deregulation occured and the same scenerio occured. Alot of Money Managers became rich. When Gramm was pushing for this in the last 90's Greenspan was adament that this would be a disaster. If our Senators, Congressman, and President were warned by Greenspan that deregulation would be a disaster based on what happened to the countries I mentioned, why did Gramm sneak the bill in and why did he want this bill to pass?
"Republicans, who have won so many elections painting Democrats as socialists and pinkos, have now done so much irresponsible deregulating and deficit spending that they have to avoid fiscal Armageddon by turning America into a socialist, pinko society with nationalized financial institutions and a financial czar accountable to no one and no law."
Maureen Dowd ? ? ? Shouldn't this be in the comedy forum? Or alternative theories?
Paulson worked for Goldman Sachs (as their chairman) when all of this was occurring, so he is partially responsible for this crisis now. Talk about a conflict of interest!
In Oct/07, Bush did not support funding for insurance program for kids specifically because it was socialist. But supporting wall street friends -with much more taxpayer $s --is not an issue. I know he listens to god - I just need to find out which one.
Ben Bernanke and Paulson are to blame because it was their job to man the ship. Bush hired these two men.
In fact, many men that Bush hired are no longer in their position because of incompetence. But, remember, we the people spoke and Bush patted these men on the back. Rumsfield, Brown, Gonzales.
There are many many players that are to blame for this mess we are in. Deregulation, greedy Wall Street, etc. Lenders that created Sub Mortgages. People that wanted a house and they could care less if they could afford it.
Remember Enron? That was under Bush's watch. That should of been a signal and warning.
Let me tell you something. Back in the 80's, the finland, sweden, norway, the scenerio of what happened to these countries similar to what is happening to the United States now. Deregulation occured and the same scenerio occured. Alot of Money Managers became rich. When Gramm was pushing for this in the last 90's Greenspan was adament that this would be a disaster. If our Senators, Congressman, and President were warned by Greenspan that deregulation would be a disaster based on what happened to the countries I mentioned, why did Gramm sneak the bill in and why did he want this bill to pass?
Vote Obama/Palin.
I don't think I personally think Bernanke is to blame. He didn't even take over as Fed chairman until 2006. The housing blow up was well under way long before then.
I'm all for capitalism, but if it's got anything to do with banks and the public's money someone should be regulating it. Hopefully some good will come out of their bailout bill.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
