Obama: Dems are in trouble because Americans aren't thinking clearly

[sly_wolf 199]

The Senate majority leader from 2003 - 2007 was Bill Frist (R-TN). The Speaker of the House was Dennis Hastert (R-IL). Senate Banking Committee Chairman was Richard Shelby (R-AL). In the House, it was Michael G. Oxley (R-OH). These were the guys in charge. They controlled both the House and Senate in 2004 and up until 2007. Who were they sounding these sirens to? Themselves? Why didn't they do anything?

Talk about being easy...

The private sector created the current economic climate in the US while the politicians just watched and played the violin ..... of course they also profited quite nicely in the background.

[I AM NOT THAT GUY 5,715]

If you'd focus on the forces involved that are not the government, the picture becomes a bit clearer...

They call those "blinders". Government and business are intertwined. You can't kill one, without killing the other.

[Wayne and Claudia 40]

The Senate majority leader from 2003 - 2007 was Bill Frist (R-TN). The Speaker of the House was Dennis Hastert (R-IL). Senate Banking Committee Chairman was Richard Shelby (R-AL). In the House, it was Michael G. Oxley (R-OH). These were the guys in charge. They controlled both the House and Senate in 2004 and up until 2007. Who were they sounding these sirens to? Themselves? Why didn't they do anything?

Talk about being easy...

You actually deny that Barney and Chris were not turning a blind eye to what was happening? Barney's boyfriend was making a fortune at Fannie. When the repubs sounded sirens the dems pulled the race card, saying that because minorities were getting homes that now the repubs wanted to shut things down. Getting things out of committee isn't easy when the repubs at the time were bowing down.

[Mr. Big Dog 10,747]

They call those "blinders". Government and business are intertwined. You can't kill one, without killing the other.

So now we're not just going to kill the government but the businesses also? Make room in that cave, man!

[I AM NOT THAT GUY 5,715]

So now we're not just going to kill the government but the businesses also? Make room in that cave, man!

In your case, that would be a tunnel. You definitely have the eyes for it.

[Mr. Big Dog 10,747]

In your case, that would be a tunnel. You definitely have the eyes for it.

Not at all. I ain't proposing to destroy either.

[one...two...tree 2,762]

The Senate majority leader from 2003 - 2007 was Bill Frist (R-TN). The Speaker of the House was Dennis Hastert (R-IL). Senate Banking Committee Chairman was Richard Shelby (R-AL). In the House, it was Michael G. Oxley (R-OH). These were the guys in charge. They controlled both the House and Senate in 2004 and up until 2007. Who were they sounding these sirens to? Themselves? Why didn't they do anything?

Talk about being easy...

[Heracles 417]

Responding to Heracules is just too easy...he forgets that Clinton signed major banking deregulation in 1999 and that the repubs were sounding sirens toward the end of 2004 and on about Fannie and Freddie....hmmm wonder who was in charge of the House banking committee then????? And the Senate????

Ahh the good old Repub find something generic to blame, then stick to it for everything. Definitely like the tax cuts cures all fiscal ailments mindset.

Fannie and Freddie did not cause the collapse of the housing industry and crisis. Repubs have been beating on about deregulation and letting the market decide since I moved here. Now you are disingenuously trying to claim others were the ones who pushed this. Unfortunately I am not one of your stereotypical yeehaY ya'll teaparty types, so I remember this clearly.

Regardless of what Clinton did, Repubs had control of various aspects of the congress for the last eight years and were at the helm when the American economy tanked. Now you want us to ignore those 6 years prior to the crash and 2 years following, and believe the party in control for 1.75 years is what failed America. Rubbish. And yes, anyone who believes that ####### is a moron.

Edited October 19, 2010 by Heracles

[I AM NOT THAT GUY 5,715]

Not at all. I ain't proposing to destroy either.

Then what were you talking about?

[Heracles 417]

You actually deny that Barney and Chris were not turning a blind eye to what was happening? Barney's boyfriend was making a fortune at Fannie. When the repubs sounded sirens the dems pulled the race card, saying that because minorities were getting homes that now the repubs wanted to shut things down. Getting things out of committee isn't easy when the repubs at the time were bowing down.

The sub-prime borrower is not the cause of this crisis. For obvious reasons, the sub-prime borrow was simply the first to suffer and was hit the hardest as the economy tanked. The fact that there were so many sub-prime borrowers is what brought the system down. Who approved these loans? Who allowed no-doc loans or even illegal aliens to apply? Who fudged the risk and then claimed these were sound loans and sold them off? Who earned billion dollar commissions by trading these loans?

Edited October 19, 2010 by Heracles

[I AM NOT THAT GUY 5,715]

The sub-prime borrower is not the cause of this crisis. For obvious reasons, the sub-prime borrow was simply the first to suffer and was hit the hardest as the economy tanked. The fact that there were so many sub-prime borrowers is what brought the system down. Who approved these loans? Who allowed no-doc loans or even illegal aliens to apply? Who fudged the risk and then claimed these were sound loans and sold them off?

I would say the Fed, clamping down on inflation on one hand, and forcing down interest rates with the other, just exacerbated the inevitable readjustment that would have to happen. We have just seen the explosion. We are still waiting to see the fallout. Stupid Republicans are going to get the blame again, when the fit hits the shan in the next couple of years. Sad to say, Obama will probably come out of this smelling like a rose.

[Mr. Big Dog 10,747]

Then what were you talking about?

This statement of yours.

Government and business are intertwined. You can't kill one, without killing the other.

[Wayne and Claudia 40]

Ahh the good old Repub find something generic to blame, then stick to it for everything. Definitely like the tax cuts cures all fiscal ailments mindset.

Fannie and Freddie did not cause the collapse of the housing industry and crisis. Repubs have been beating on about deregulation and letting the market decide since I moved here. Now you are disingenuously trying to claim others were the ones who pushed this. Unfortunately I am not one of your stereotypical yeehaY ya'll teaparty types, so I remember this clearly.

Regardless of what Clinton did, Repubs had control of various aspects of the congress for the last eight years and were at the helm when the American economy tanked. Now you want us to ignore those 6 years prior to the crash and 2 years following, and believe the party in control for 1.75 years is what failed America. Rubbish. And yes, anyone who believes that ####### is a moron.

Silly liberal, I am not a republican.

[I AM NOT THAT GUY 5,715]

This statement of yours.

Which was a comment on your statement that forces other than government were the cause of the pick one: 1) Failure 2) Disaster 3) Scandal 4) Collapse. If you don't want Welfare State Capitalism anymore, that is a valid position. I don't want it either, but I would eliminate the Welfare State, not the Capitalism.

[Mr. Big Dog 10,747]

Which was a comment on your statement that forces other than government were the cause of the pick one: 1) Failure 2) Disaster 3) Scandal 4) Collapse. If you don't want Welfare State Capitalism anymore, that is a valid position. I don't want it either, but I would eliminate the Welfare State, not the Capitalism.

I'm not too fond of Manchester capitalism - it's neither desirable nor sustainable. You might call me a big fan of Ludwig Erhard. That's a proven economic concept that I can support.