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Why do people constantly mention Republicans and the housing crisis in the same breath. Google it...look at Bawney Frank and Christopher Dodd. These buffoons FORCED banks to loan money to people who you and I would not lend 25 cents to for a piece of bubble gum. People were given loans based on their LOW income status!!!! This started under Clinton and continued under Bush. The Republicans attempted to stop the runaway train but then we got the famous YouTube from Bawney Frank where he stated in sum and substance that "Fannie and Freddie are in fine shape, are "GOOD" investments moving forward, and even if not, the American People would not be on the hook if they were to ever fail.........WOW!!!! The dummy should have been imprisoned. Combine that fool with Dodd who was taking loans under the table from Countrywide and you can now see how the Democrats pushed and pushed on the housing market till the bubble exploded. Before everyone goes crazy on me, I obviously know the banks were complicit and only interested in making money, as were the appraisers etc.......the reality is that when you force banks to loan a certain percentage of their loans to people who DO NOT qualify for those loans then trouble will surely follow. Not EVERYONE in America should own a home. You qualify, income and credit, you get it, regardless of your race, creed, religion, sexual orientation, etc, etc, etc,........If you don't qualify, then you DON'T qualify!!
Okay....you are aware that Abraham Lincoln and Teddy Roosevelt were both Republicans, right?
As for the rest of your assertions, how about citing some sources (not Democrat party websites) to back them up....'cause brother, I think you're making some pretty unstable assumptions there.....and that's coming from someone who distrusts and dislikes both parties.
The poster said conservatives not republicans.We are all well aware that thurmond and many others were democrats at one time its just a name game but the hateful me for me thinking and all the rest has remained consistent is the point I think the poster is making
As long as the democrats put up radicals like obama, I will continue to vote GOP so as not to split the vote, which happened in 1992 and resulted in Bubba winning.
You sure like calling names dont you?The dems or the President dont need your vote.Obama waste way to much time trying to talk to people like you that hate him no matter what he does.I hope he sees this and really comes out swinging.You will vote republican no matter what the situation is you just want to feel like you are in power. I would type what the truth about you really is but I know it will get cut.
Between Jan 20 2001-2009 under Republican's policies and leadership:
Unemployment doubled from 4.2% to 8.2%
National debt doubled from 5.7 trillion to 10.6 trillion
Yearly budget went from a 236 billion surplus to a 1.2 TRILLION deficit (a 1.4 trillion drop)
Dow Jones plunged 25% from to 10,587 to 7949
Gasoline tripled from 1.44 to 4.11 per gallon on July 11, 2008
Losing 700,000 jobs monthly
Economy in total freefall
(Republicans try to confuse people by saying democrats took over in Jan 2007 and started the recession, but they can not name one thing democrats did to hurt the economy. All experts state the housing crisis started in 2006 and all subprime loans had already been made under a republican congress and president)
SOURCES:
BUSH MORE THAN DOUBLED UNEMPLOYMENT FROM 4.2% TO 8.2% -----(Feb 2001-2009)
(Source: US Dept of Labor - Bureau of Labor Statistics-)
(Graph: Unemployment rate (seasonally adjusted))
BUSH TURNED A 236 BILLION BUDGET SURPLUS INTO A 1.2 TRILLION DEFICIT (A 1.4 TRILLION DROP)
(Source 1: CBO - Congressional Budget Office - Historical Budget data - Shows the 236 billion surplus in 2000)
(http://cbo.gov/ftpdocs/108xx/doc1087...icaltables.pdf)
(Source 2: Congressional Budget Office - Annual budget and economic report and testimony before Congress on Jan 8, 2009) (Declares 1.2 trillion deficit for fiscal year 2009 ---2 weeks before obama takes office)
(http://cbo.gov/ftpdocs/99xx/doc9958/..._Testimony.pdf)
(Please note: The fiscal year 2009 started Oct 1, 2008 under president bush. At that time, the 2009 deficit was projected at 600 billion. Then the banking crisis occured in Oct 2008 and bush started a 700 billion TARP bailout program which was added to the 600 billion deficit which left obama with a 1.2 Trillion deficit the day he took office according to the CBO)
OBAMA IS DOING A GREAT JOB FIXING THE BUSH DEPRESSION
The dow jones rose 33% in his first year from 7949 to 10,600 on Jan 20, 2010
The job loss rate plunged 97% from 700,000 jobs lost in Jan 2009 to 20,000 jobs lost in Jan 2010
The GDP rate rose to 5.7% in 4th quarter of 2009 - the highest in 6 years
Existing home sales up 27% in 4th quarter of 2009
Jan 10 Home construction up 2.8% (up 23% since april 09 low)
Jan 10 Industrial production up 1%
Jan 10 Retail sales up .5%
"Facts show repubicans destroyed america"
First of all America should be written like this America not like this "america"...
How about we all get together to try and fix it? Like cutting spending and leaving more money in the pockets of all citizens? Like incentivizing businesses to stay here instead of go abroad where it's easier and cheaper to do business?
Same old tired solutions that won't work. Businesses can't pay liveable wages here and still reap the profits they want without shifting the burden on consumers. Cutting spending means letting infrastructure thats already overtaxed fall apart even more.
Or we could keep spending money and point fingers at other people like a bunch of nine year-olds and say, "Oh, yeah!? Well, he did it, too!!"
I'll propose some solutions.
High tariffs on companies that want to sell cheaply made crap from other countries here. High sales taxes on it too. Create incentives for consumers to purchase American.
Someone has to wake up and break the bad news to America. If you don't want to run a trade deficit all the time, you have to make some sacrifices.
This thread is all about the problems perpetuated by both parties, and thats the fact that they're all too weak to do anything that is necessary but unpopular.
I for one would rather pay high taxes, and not have a bridge collapse out from under me, or power go out because of an antiquated grid. I also like knowing that when call 911 the fire and police will be arriving shortly, no matter the time. I like school activities being available to kids because the next best alternatives are gangs and drugs. I like clean parks to take my family to. I like smooth roads (I just wish the construction went faster, low bid contracting at its finest). I know a lot of people that like this as well.
I like a lot of the things provided because of taxes. Villifying taxes is the conservative mantra, and people forget all the things they take for granted are paid for by these taxes, and they come at a lot cheaper cost than the private sector could provide them.
There are definitely things where spending cuts could take place, I won't argue that. But to fix our budget woes solely through cutting spending is something that will never work.
You sure like calling names dont you?The dems or the President dont need your vote.Obama waste way to much time trying to talk to people like you that hate him no matter what he does.I hope he sees this and really comes out swinging.You will vote republican no matter what the situation is you just want to feel like you are in power. I would type what the truth about you really is but I know it will get cut.
And what great things in your state has Obama done, and proof of facts please. I know since he has taken office, 5 people who have lost jobs and now some been demoted, housing situation worse ever, and not getting any better any time soon. And businesses shutting down, or not being started as planned. 4 couples i know in the past 6 months have lost homes to the bank. Not looking too promising to me, and all on Obama's watch no one else. Can't even get bills to pass with the majority that they have, with the crappy bills they try and get passed. They seem to be good at talking the talk, but not doing the things needed to get this economy bach on track. All Mouth, no Action.
I agree with what you want, but you've made some ill-founded assumptions here:
Quote:
I'll propose some solutions.
High tariffs on companies that want to sell cheaply made crap from other countries here. High sales taxes on it too. Create incentives for consumers to purchase American. (From the Clinton into the Bush years we sold our industrial base out for a service-oriented economy and embraced the globalist agendas of NAFTA, CAFTA, etc. Now we're trapped in an international economy, relegated to importing sub-assemblies/componets from across the border and offshore international interests. Tariffs won't help and will hurt the few remaining domestic producers who are dependent upon the offshore cheaper labor market for those same sub-assemblies/components.) Someone has to wake up and break the bad news to America. If you don't want to run a trade deficit all the time, you have to make some sacrifices. (If America doesn't want to run a trade deficit she hasn't to compete with China and India. Now go figure out how to do that given their wage levels and ours. A trade deficit in and of itself isn't bad, but with a devalued dollar with NOTHING behind it, but debt instruments held by foreign nations she's in deep doo-doo...like today!)
This thread is all about the problems perpetuated by both parties, and thats the fact that they're all too weak to do anything that is necessary but unpopular.
I for one would rather pay high taxes, and not have a bridge collapse out from under me, or power go out because of an antiquated grid. I also like knowing that when call 911 the fire and police will be arriving shortly, no matter the time. I like school activities being available to kids because the next best alternatives are gangs and drugs. I like clean parks to take my family to. I like smooth roads (I just wish the construction went faster, low bid contracting at its finest). I know a lot of people that like this as well.
I like a lot of the things provided because of taxes. Villifying taxes is the conservative mantra, and people forget all the things they take for granted are paid for by these taxes, and they come at a lot cheaper cost than the private sector could provide them. (Wrong! Vilifying taxes is NOT the conservative mantra. Vilifying taxes when there is NO RECIPROCAL DISCIPINE IN LAW on SPENDING IS the conservative mantra. Bush, the Compassionate Conservative, spent like a New Deal demonRAT and split the Republican Party down the middle because of it. With the second part of your comment you've fallen for the neo-socialist bag of the Oba-demonRATs. Government consumes $$$s and provides NOTHING in return except for waste. Do you know that for equal jobs government workers are overpaid by about 20% compared to their private industy counterparts? That's your Oba-demonRAT job creation. AmeriCorp, closely linked to ACORN/SEIU influences, will increase the government payroll by 125,000 jobs. Did you hear about how the slick poor are using the government compensation system to bilk money by signing up as census takers and then quitting? If you doubt me I'll pull up links for you.)
There are definitely things where spending cuts could take place, I won't argue that. But to fix our budget woes solely through cutting spending is something that will never work. (Agreed! BUT the Oba-maniacs will NOT stop spending unless they lose control of congress and conservative Repubs (not the McCain RINOs) and Indies make budget laws w/out loopholes to FORCE a "balanced budget" with NO deficit spending. We nees to make the SSTF (SocialSecurityTrustFund) a real "legal" trust that politicians cannot invade and/or mortgage. We need to go on an austerity budget mandated by law and NOW!)
The vast majority of the American public would also like the lives of those soldiers we lost to the Iraq war back. They'd also like a more honest, tightly regulated banking industry that would not allow another bubble and another recession. The vast majority of Americans would not like our jobs going overseas.
Plenty of conservative agenda crap that gets forced down our throats to make a few rich guys richer. I haven't seen a decent, common sense bill come out of either side in years.
You can thank this guy for the part I bolded in your post...
"Clinton signs China trade bill"
"President Clinton closed years of political and economic debate Tuesday, and sealed a major achievement of his administration by signing a bill extending permanent, normal trade status to China."
Between Jan 20 2001-2009 under Republican's policies and leadership:
Unemployment doubled from 4.2% to 8.2%
National debt doubled from 5.7 trillion to 10.6 trillion
Yearly budget went from a 236 billion surplus to a 1.2 TRILLION deficit (a 1.4 trillion drop)
Dow Jones plunged 25% from to 10,587 to 7949
Gasoline tripled from 1.44 to 4.11 per gallon on July 11, 2008
Losing 700,000 jobs monthly
Economy in total freefall
Over a long period of time, it is important to view each action in graphic format, which is what many of the supporting graphs do. Taking unemployment as an example, and using the quoted source data, unemployment remained within a very narow band and at the end of 2007 was slightly above January
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odinloki1
