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If you don't blame Bush for the mess in 2008... Who would it be?...
The democratic congress. I guess in your education, they did not tell you that congress, not the president, controls spending.
The economy was fine until the dems gained control. Further, the dems prevented Bush from eliminating the mandate to Fannie and Freddie to make loans to unqualified borrowers.
Blame the dems- they had the "one two punch" of irresponsible spending (still do) and creating the mortgage crisis which tanked the economy.
The democratic congress. I guess in your education, they did not tell you that congress, not the president, controls spending.
The economy was fine until the dems gained control. Further, the dems prevented Bush from eliminating the mandate to Fannie and Freddie to make loans to unqualified borrowers.
Blame the dems- they had the "one two punch" of irresponsible spending (still do) and creating the mortgage crisis which tanked the economy.
Henry Paulson and the Bush cronies told Bush to back off on bank regulation... Not the Dems...
Henry Paulson and the Bush cronies told Bush to back off on bank regulation... Not the Dems...
Quote:
It was enacted as an emergency response to the failure of nearly 5,000 banks during the Great Depression. The act was originally part of President Franklin D. Roosevelt’s New Deal program and became a permanent measure in 1945. It gave tighter regulation of national banks to the Federal Reserve System; prohibited bank sales of securities; and created the Federal Deposit Insurance Corporation (FDIC), which insures bank deposits with a pool of money appropriated from banks.
On Oct. 22, Weill and John Reed issue a statement congratulating Congress and President Clinton, including 19 administration officials and lawmakers by name. The House and Senate approve a final version of the bill on Nov. 4, and Clinton signs it into law later that month.
Just days after the administration (including the Treasury Department) agrees to support the repeal, Treasury Secretary Robert Rubin, the former co-chairman of a major Wall Street investment bank, Goldman Sachs, raises eyebrows by accepting a top job at Citigroup as Weill's chief lieutenant. The previous year, Weill had called Secretary Rubin to give him advance notice of the upcoming merger announcement. When Weill told Rubin he had some important news, the secretary reportedly quipped, "You're buying the government?"
the crusade led by Alan Greenspan, former Goldman CEO Robert Rubin (Geithner's mentor) and Larry Summers in the late 1990s to block the efforts of top regulators (especially Brooksley Born, head of the Commodities Futures Trading Commission) to regulate the exact financial derivatives market that became the principal cause of the global financial crisis. To get a sense for how deep and massive is the on-going fraud and the key role played in it by key Obama officials, I highly recommend watching that Black interview (it can be seen here and the transcript is here).
As president of the New York Federal Reserve Bank, Timothy Geithner often preached that gargantuan financial firms like Citigroup should be held to the highest regulatory standards to make sure they couldn’t take on too much risk.
Should the New York Fed have seen trouble coming and prevented it? As Citigroup took on risk and its capital deteriorated, what oversight did Geithner exercise? And what contacts, if any, did Geithner have about regulatory matters with Citigroup officials, including Rubin, under whom Geithner worked at Treasury in the 1990s?
New York – Citi today announced that Robert E. Rubin has retired as Senior Counselor effective today and has decided not to stand for re-election as Director at Citi's Annual Meeting. Mr. Rubin will continue to serve as a Director until his current term expires at Citi's next Annual Meeting.
"Since joining Citi nearly 10 years ago, Bob has made invaluable contributions to the company,"
In 1997 and 1998, Treasury Secretary Rubin, Deputy Secretary Lawrence Summers, and Federal Reserve Board Chairman Alan Greenspan worked with the International Monetary Fund and others to effectively combat and contain financial crises in Russian, Asian, and Latin American financial markets. In its February 15, 1999, edition, Time Magazine dubbed the three policymakers "The Committee to Save the World."[7]
Mr. Rubin was succeeded on July 1, 1999, as Treasury Secretary by his deputy, Lawrence H. Summers.
Your explanation ignores the deficit created by George Bush's war spending and tax cuts... The Republicans accuse the Dems of tax and spend?...
It's more like the Republicans don't pay taxes then spend even more...
Your explanation ignores the deficit created by George Bush's war spending and tax cuts... The Republicans accuse the Dems of tax and spend?...
It's more like the Republicans don't pay taxes then spend even more...
The Dems refused to even present a budget before elections because they were afraid it would hurt them. We're a whole month into the new fiscal year and there's no budget? They spend without being accountable, even after passing a pay-as-you-go law which they sweep aside when they feel like it.
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Originally Posted by HC475
If you don't blame Bush for the mess in 2008... Who would it be?...
I guess you forget that the last two years of that term Dems were in control of spending.
And, besides, my calendar says this is 2010. So 2 years plus 2 years is 4 years total that the Dems have been spending, creating an even bigger mess by tripling the debt. Why continually look back to a mess that was only 1/3 the size of the one we have now? Enjoy whining about the present one, and be willing to take the responsibility for it. The Dems have outdone Bush. It's time to man up.
The Dems refused to even present a budget before elections because they were afraid it would hurt them. We're a whole month into the new fiscal year and there's no budget? They spend without being accountable, even after passing a pay-as-you-go law which they sweep aside when they feel like it.
I guess you forget that the last two years of that term Dems were in control of spending.
And, besides, my calendar says this is 2010. So 2 years plus 2 years is 4 years total that the Dems have been spending, creating an even bigger mess by tripling the debt. Why continually look back to a mess that was only 1/3 the size of the one we have now? Enjoy whining about the present one, and be willing to take the responsibility for it. The Dems have outdone Bush. It's time to man up.
Henry Paulson and the Bush cronies told Bush to back off on bank regulation... Not the Dems...
Bull crap. Do we need to find youtube videos of Democrats claiming that Bush was crazy for wanting to regulate Fannie/Freddie? Why dont you backup your claim.. Have anything to prove your bs? You make a lot of claims but havent backed up one of them..
Your explanation ignores the deficit created by George Bush's war spending and tax cuts... The Republicans accuse the Dems of tax and spend?...
Obamas stimulus spending almost exceeds the cost of the wars.. If the wars caused the economic collapse, then you should be screaming in protests at not only the Democrats who funded the wars, but Obama for crashing the economy..
Quote:
Originally Posted by HC475
It's more like the Republicans don't pay taxes then spend even more...
More phony claims without anything of substance...
Obamas stimulus spending almost exceeds the cost of the wars.. If the wars caused the economic collapse, then you should be screaming in protests at not only the Democrats who funded the wars, but Obama for crashing the economy.....
Wrong... Obama slowed down the economic meltdown created by George Bush... This cannot be more evident...
Quote:
Originally Posted by pghquest
More phony claims without anything of substance...
Everybody knows Republicans try everything at their disposal to evade taxes... Look at the bill H. R. 5029 - The Economic Freedom Act of 2010...
Wrong... Obama slowed down the economic meltdown created by George Bush... This cannot be more evident....
Wrong as usual. The economic crash stopped before obama took office and surely before the stimulus bill passed. The crash stopped so much so that they were questioning if Obama needed a stimulus bill to be passed at all..
Quote:
Originally Posted by HC475
Everybody knows Republicans try everything at their disposal to evade taxes... Look at the bill H. R. 5029 - The Economic Freedom Act of 2010...
If the Republicans had their way... everybody would pay taxes for them...
You linked me to a bill not passing that cuts everyones taxes.. How exactly is that everyone paying taxes for them, and even better, explain to me why Obama isnt content on everyone paying taxes for him with his $672B in NEW taxes.. I know.. you pretend they are non existent. You like to pretend I see..
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