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Pardon me, but your post indicates a level of short-sightedness that you might wish to reconsider. After all, if you go back another couple of terms, you will find that the Democrats left President Bush a thriving economy with a government surplus that might've been available to assist during this present downturn.
There was no surplus. Look at how the national debt increased each year:
They have been in CONTROL and have initiated every single solitary BUDGET proposal and bill that has come down the pike and those bills have increased the debt and deficit to what they are today.
I've given the same answer many times and you continue to ignore the facts.
So what were all these things they did that caused this mess. Let's paint a flow chart here.
Democrats take Congress (2006)........??????.........Economic collapse (late 2007)
This is simple cause and effect here, except you're completely failing to locate the cause. Take another shot.
Quote:
Originally Posted by sanrene
The democrats forced banks to loan to unqualified applicants who they deemed were being discriminated against. Many, many times the GOP and Bush tried to reform Fannie & Freddie, but the democrats blocked it every time.
Really? So it was all the Democrats fault and those nice little Republicans had nothing to do with it? That's funny, because I'm pretty sure one of the things they did was pass the American Dream Down Payment Act so that low income home buyers could have their down payments subsidized. That happened in 2002 by the way, when Republicans had complete control of Washington.
And what policies did these Democrats put in place that resulted in the current mess? Be specific and provide reasoning too.
(For the record I've asked this question multiple times and no one has offered a serious answer).
Minimum wage laws, financial regulations, Fannie/Freddie policies and bailouts, stimulus bill, non stop bailouts.. Why I cant think of ONE policy that hasnt contributed ot the current mess.
Pardon me, but your post indicates a level of short-sightedness that you might wish to reconsider.
Speaking of short sightedness.. Lets break down your posting
Quote:
Originally Posted by LookinForMayberry
After all, if you go back another couple of terms, you will find that the Democrats left President Bush a thriving economy with a government surplus that might've been available to assist during this present downturn.
Lie, Bush inherited not only a recession, but 911 and the economic collapse which came from it.. Lie #2.. There was NO SURPLUS under Clinton.. #3, CONGRESS creates plans and bills and deals with the economy, not the president.. Congress has had YEARS to deal with the current mess, they've done nothing but compound the problem..
Quote:
Originally Posted by LookinForMayberry
Of course, the downturn would not have existed, had President Bush not started the wars, and pushed the banking industry to open loans to people unprepared to cover the terms and conditions.
Ooh boy, the lies continue
#4 lie, Wars stimulate the economy, they dont cause economic downturns..
#5, Bush NEVER pushed the banking industry to open loans to people.. There isnt ONE policy passed to do this. He talked about opening it up, but talk and action is NOT the same thing..
#6, people unprepared to cover the terms of their loans did not cause the collapse, it started in Switzerland, and with AAA mortgages..
Quote:
Originally Posted by LookinForMayberry
History requires a little longer view to put things into perspective. If you go back even further, you will discover that at one time it was the Democrats that were racially biased and miserly, while the Republicans fought for personal freedoms and public good.
You got one thing right, and we can see that some things never change. Democrats are still voting for people based upon race and causing racial problems in america.
Quote:
Originally Posted by LookinForMayberry
All this political jockeying forces one to stay mentally nimble, and it's easy to lose step. Better luck next time.
If you think the OP lost a step, I have to ask if you fell down the stairs.. Next time, hold onto the railing..
Really? So it was all the Democrats fault and those nice little Republicans had nothing to do with it? That's funny, because I'm pretty sure one of the things they did was pass the American Dream Down Payment Act so that low income home buyers could have their down payments subsidized. That happened in 2002 by the way, when Republicans had complete control of Washington.
And straight from Bernanke himself: "BEN BERNANKE: Oh, the worst moments were back in September. The financial crisis began with Fannie Mae and Freddie Mac, the large housing companies that were taken over by the government, and subsequent to that a number of very large financial firms came under enormous pressure. One of them, Lehman Brothers, an investment bank, failed. Others came close to failure, needed government support, not just in the United States, but around the world. And those were some very long nights I spent on the sofa in my office as we worked to try to keep the financial system running." At Forum, Bernanke Defends Fed's Aggressive Moves | Online NewsHour | July 27, 2009 | PBS
Minimum wage laws, financial regulations, Fannie/Freddie policies and bailouts, stimulus bill, non stop bailouts.. Why I cant think of ONE policy that hasnt contributed ot the current mess.
And straight from Bernanke himself: "BEN BERNANKE: Oh, the worst moments were back in September. The financial crisis began with Fannie Mae and Freddie Mac, the large housing companies that were taken over by the government, and subsequent to that a number of very large financial firms came under enormous pressure. One of them, Lehman Brothers, an investment bank, failed. Others came close to failure, needed government support, not just in the United States, but around the world. And those were some very long nights I spent on the sofa in my office as we worked to try to keep the financial system running." At Forum, Bernanke Defends Fed's Aggressive Moves | Online NewsHour | July 27, 2009 | PBS
Yeah I'm aware of all that. What's your point though?
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