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Fannie and Freddie were only a small part of the cause when we had full power in most of the 2000's, we did nothing. Greenspan has some out himself and apologized. Bush's mantra on deficits were that they were ok and then growing was ok as long as they grow in proportion to the economy. Most of the spending was related to programs that were already in place and if they were so bad, we did nothing. To boot, the stimulus started under our watch and most of what Obama did against the mess in his first term was the same as our people were proposing.
Most of the things people here are whining about nobody either cared about or even mentioned before the Great Recession. There were lots of you CINO's screaming about JJ's boob popping out, T Schiavo, faith based initiatives, vouches for private (aka religious schools), etc. Nobody calling for balanced budgets, spending cuts, etc. We were too busy borrowing money from China to send out checks as "tax refunds".
All of that is on US. I take responsibility for it. We messed up. It takes balls to say that and the CINO's around here typically don't have any.
Bush warned Congress 12 times. Bush wanted regulation. Greenspan stated unequivocally F&F were a ticking time bomb.
Can you even comprehend an argument before you make a stupid statement such as "they (whoever that is) want failure?"
The poster was making an argument by presenting predictions against factual statistics.
If that is how one believes they can win a debate then obviously they are the one with cognitive dissonance.
I wouldn't say that anyone wants failure. But I do think that many do not want the current President to succeed. And so there are businesses that aren't hiring, aren't giving out raises, and are hoarding capital, waiting for the next President to take office before they start being part of the recovery. In part, that's due to doubts over Obamacare, and doubts over this President's policies, but in part it's also due to partisanship and simple dislike of this President.
Status:
"everybody getting reported now.."
(set 27 days ago)
Location: Pine Grove,AL
29,573 posts, read 16,560,540 times
Reputation: 6044
Quote:
Originally Posted by Patricius Maximus
This "recovery" is so weak, so feeble, and so nonexistent as far most people are concerned that I don't think it can be called a recovery - a more accurate description would be a pause after the downturn, a state where the economy isn't in a recession but isn't growing, either, like a twilight zone of economics.
except the economy is growing and recovery is not a feeling it is a word with a set definition.
Incidentally, if he's responsible for the worst recovered, what POTUS is responsible for the worst recession. Sorry, but we have no leg to stand on here. It was mostly an R mess. Big banks paid to have us push the mantra of all regulation is bad and this is the result. Sorry, but no POTUS can snap their fingers and fix things.
Incidentally, the indicators were largely mixed and there wasn't a huge Wall Street reaction.
Try doing some research before you post next time instead of just whining.
FAIL.. It was Democrats that not only whined that 3% equity ratios was too much, but they called for ZERO equity for the banks..
Republicans have been SHOUTING FOR ALMOST A DECADE that an economic collapse was going to happen..
Perhaps you can look up the definition of the words we and you in the dictionary. We caused this. Conservatives. We're who pushed financial de-regulation and had the mantra that all regulation is bad. Who still is stopping financial regulations? Who controlled the White House, Senate and House for the years leading to the Great Recession. Who kept interest rates artificially low to help balloon the economy? Our leaders ignored all of the signs of the economic bubble and issues in the sub-prime mortgage market.
Again, when you have the balls to stand up and take accountability for our mess, then you can point fingers at tree huggers and tell them that their recovery is bad. Until then, a conservative whining about the recover would just look like an idiot and a hypocrite.
Liar.. Bush tried over a dozen times to increase regulations and equity ratios on the banks.
except the economy is growing and recovery is not a feeling it is a word with a set definition.
what is wrong with you people ?
Since recovery is a feeling, then 90% of America isn't feeling it!
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