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Well, any idiot knows that the Tech Bubble was precisely that: A bubble. The share prices were inflated so far beyond the worth of internet companies that only a halfwit would have held onto those stocks. The fact that you actually referred to it as the Tech Bubble without any awareness means that you have no idea what a bubble is.
On to the housing crisis. Yeah, Bush should have put a stop to the government underwriting of mortgages with Fannie Mae, FHA, and Freddie Mac. But he didn't.
But given that Bush had butkus to do with the Federal Reserve's decisions to push interest rates to practically zero, thereby creating runaway lending and home valuations, your argument holds no water. The President has no control over the Fed.
That being said, it says a lot more about Obama that he made Geithner the Secretary of the Treasury, particularly since Geithner was the President of the NY Federal Reserve, and blithely stood by and watched the big banks screw the pooch.
Convenient there is a failure to mention President Bush's 43 push for an "Ownership Society" which actually fanned the fire of the housing market. So you had the President of the United States openly pushing people to buy homes and for financial service companies to grant mortgages to just about anybody with pulse. The general policy of the Bush 43 Administration when it came to the financial service and mortgage industry was "Hands Off" and make as much money as you want. President Bush 43 did NOTHING to attempt to regulate mortgage brokers, mortgage back security markets or credit default swaps., This was a major factor in the credit crises that started in 2007, came to a head in 2008 leading to financial meltdown leading to TARP and throwing the nation into the current economic downturn that we are in.
Convenient there is a failure to mention President Bush's 43 push for an "Ownership Society" which actually fanned the fire of the housing market. So you had the President of the United States openly pushing people to buy homes and for financial service companies to grant mortgages to just about anybody with pulse. The general policy of the Bush 43 Administration when it came to the financial service and mortgage industry was "Hands Off" and make as much money as you want. President Bush 43 did NOTHING to attempt to regulate mortgage brokers, mortgage back security markets or credit default swaps., This was a major factor in the credit crises that started in 2007, came to a head in 2008 leading to financial meltdown leading to TARP and throwing the nation into the current economic downturn that we are in.
bush's 2001 "Ownership Society" was a continueation of clinton's "National Homeownership Strategy"...by 2003 bush and most people were seeing that fannie/freddie were in trouble, except barney frank
Any middle class American who defends the Republican Party is setting themselves up for a letdown and betrayal...
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Originally Posted by aspiesmom
yes, Democrat Party does care MUCH MORE about the poor, working and unemployed than Republican Party, it is also far more concerned about the deficit than Republican Party.
you two, and many others, make this claim, but never seem to back it up. tell which is better? to have millions on welfare? or to have those same millions working at doing something productive?
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Republican Party has been consistently in favor of Bush tax cuts, and extending Bush tax cuts, for the wealthiest and corporations. That is ALL you hear from Republican Party, day in day out, from sun up to sundown. Republican Party wants no regulations for corporations, this is the same GOP Party where Barton APOLOGIZED to BP
the republicans are for extending the bush era tax cuts TO ALL WAGE EARNERS, not just the wealthy. as for wanting no regulations, that is BULLCRAP and you know it. republicans want proper regulations that make sense, and balance the needs of business with the environment and the people. sensible regulations with proper government oversight, and limited government interference is the best way to go.
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Originally Posted by aspiesmom
LOL oh puhlease, the tax cuts were a mere pittance for the poor and middle class (like throwing a dog a bone), the real hefty meat of the bone of Bush tax cuts was for wealthy & corporations. Fascism is what is happening with CORPORATIST TAKEOVER OF OUR GOVERNMENT (corps are taking it away from WE THE PEOPLE)
first, the tax cuts were for everybody, and were the same across the board.
second, fascism is government control of business through heavy regulation and taxes, and that is NOT what the republicans want, though the democrats DO want that. and you call the republicans fascist??
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Originally Posted by JazzyTallGuy
No, the Republican Party will let financial institutions and corporations **** you out of your money with lax regulations, and by allowing policies that are predatory in the consumer, unsafe for workers, and harmful to the environment.
again no, the republicans want regulations that make sense. workers do need to be safe in their place of business, but we cannot protect everyone from everything. as for the environment, we need to balance regulations with the needs of business and the environment. there is no reason that we cannot do both. and it is in the best interests of business to minimize environmental damage, but again, we cannot protect everything from everything, that is well nigh impossible.
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Originally Posted by Who?Me?!
The REPUBLICANS are against Unions which help the middle class and always have.
at one time the unions had their place in pushing for safer work conditions, better pay, consistent work weeks, decent benefits, etc. but these days the union leadership is inflexible and corrupt, and needs to be eliminated.
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The REPUBLICANS want to lower wages....HOW does THAT help the middle class?
again no, republicans want decent wages for everyone, but without a government mandate as to what the minimum wage should be.
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Who's in the military getting killed? The middle class.
the poor, the middle class, and even a few rich kids, all volunteer to join the military. most do it because they fell they have a duty to serve this country, some do it to gain an education they could otherwise not afford.
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The REPUBLICANS want to eliminate Social Security....WHO is against the middle class?
again no the republicans want to reform social security so that it will continue to operate well into the future. there are going to be some hard choices to make, and the republicans seem to be the only ones willing to make some of those hard choices.
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The REPUBLICANS are against any finance industry regulations....did that help the middle class?
again wrong. the republicans want sensible regulations. reinstate the glass-steagle act, and repeal the financial reform law(which doesnt really do anything but allow the government to step in and provide more bailouts, and to take over companies deemed too big to fail).
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The REPUBLICANS are against legal abortion....that doesn't hurt the upper class....just the lower and middle class.
abortion these days is just birth control by another name. what we need to do is get back to when people took responsibility for the things they do and say.
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Originally Posted by aspiesmom
ok, educate me. What is net and what is gross?
that depends, are you talking about business or personal income, as they are two different things.
for personal income, the gross is the total of what you earned before taxes. the net is what you got after taxes.
in business, gross income is that which the business has after all expenses are taken out of the total sales, but before any taxes are taken out.
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Originally Posted by cpg35223
On to the housing crisis. Yeah, Bush should have put a stop to the government underwriting of mortgages with Fannie Mae, FHA, and Freddie Mac. But he didn't.
actually bush DID try to rein in fannie and freddy, but many democrats in congress blocked his efforts. you know, unknown people like barney frank, chris dodd, nancy pelosi, harry reid, and some young senator from chicago, let me see, oh yeah BARRACK OBAMA!!
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But given that Bush had butkus to do with the Federal Reserve's decisions to push interest rates to practically zero, thereby creating runaway lending and home valuations, your argument holds no water. The President has no control over the Fed.
well you got one thing right, but the fed had been lowering interest rates since 1990, and that is one of the biggest problems we have had over the years. once the prime lending rate got below 4%, our financial system was headed for disaster. we need to get the prime rate back to 6-8%.
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That being said, it says a lot more about Obama that he made Geithner the Secretary of the Treasury, particularly since Geithner was the President of the NY Federal Reserve, and blithely stood by and watched the big banks screw the pooch.
very true.
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Originally Posted by aspiesmom
These mortgage banks cannot even find the original notes for homes that they fraudulently foreclosed (and evicted real American people). You trust free market to fix this?
yes i trust the free market far more than i trust government. while government regulation and oversight is needed, we cannot go so far overboard that the government is the one that ends up running the banks. and while there certainly were mortgages that were foreclosed on that shouldnt have been, there are far more that need to be foreclosed on to clean up the market place if the housing market is going to recover. the biggest problem is that many of the subprime mortgages were chopped up and sold off as derivatives, and no one knows who really owns those mortgages. that is what needs to stop, and be cleaned up.
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Originally Posted by aspiesmom
It makes me totally livid too, these teabaggers were never marching and rallying to stop the wars, yet lacked spending on appropriate soldier's body armor while they spent on the no-bid contracts for Halliburton etc, the cost-plus for military contractors, the Blackwater and its abuses of civilians (paid for by taxpayers), the pillage and plunder and gluttony of wars of choice, for gas pipeline and oil. And they voted for this TWICEBut then years after I was protesting on street corners being yelled and screamed at by the scary Republican drivers during rush hour, then these same people turn into teabaggers and protest HEALTHCARE.
the tea party groups were not protesting health care per say, just the health care law that the democrats were pushing through that everyone, including the democrats themselves, knew would not lower the cost of health care, and in fact would increase the costs, and that it would be an overbloated expensive program that we cannot afford now or ever.
and you **** and moan about no bid contracts for haliburton, but you conveniently forget that clinton gave many no bid contracts to haliburton. and we have NOT plundered the treasuries of iraq and afghanistan, and it was NOT a war for oil or gas, but we DID free 50 million people from oppressive regimes.
The way Republicans make their millions is exactly by putting people on welfare... and they still want tax cuts?...
really? you sure you want to stick to that story? it was the democrats that started welfare, and it was the democrats that opened it up to long term usage, and it is usually democrats that are on the welfare dole for generations. republicans want to get people OFF of welfare, and get them into the workforce and be productive.
Silly question, you want me to say something nice about a tax cheat? He is not my Democratic candidate btw.
Let's stick to the topic, ok, the fact that the REPUBLICAN PARTY agenda, platform, policies and ideaology care nothing for the average American working person, period (regardless of who the GOP/Tea Party candidate is!)
emocratics couls careless about the common man;they woudn't even agree to use stmulus funds left to pay for unemployemnt. They have spent your childrens and grandchildrens money. Their supporters only know they want free stuff.They gave it to specail inetrest and change to teh ohers;chump change that is.
...that depends, are you talking about business or personal income, as they are two different things.
for personal income, the gross is the total of what you earned before taxes. the net is what you got after taxes.
in business, gross income is that which the business has after all expenses are taken out of the total sales, but before any taxes are taken out....
Then small business people have no business whining about Bush tax cuts expiring on amounts of their income over 250,000$!
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But then years after I was protesting on street corners being yelled and screamed at by the scary Republican drivers during rush hour, then these same people turn into teabaggers and protest HEALTHCARE. 
about Bush tax cuts expiring on amounts of their income over 250,000$!
