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Do you think Romney can clean up Obama's mess in one term?
The economy collapsed at the end of Bush's two terms which was preceeded by two years of democratic controlled congress. A time during which red flags were raised about the elephant in the room (housing) but democrats denied and the GOP was too spineless to push forward with reforms.
Obama had two more years of that same congress and even managed to pass HCA with 0 republican votes. Yet the faltering economy nearly four years later is not his fault. He never mentions Reid won't do his job in the senate. Reid and Obama bare the brunt of the responsibility for our current situation in my opinion.
Start by explaining to us in detail what the Democratic Congress starting in 2007 could have done to avert the recession that began in December of that year,
or how they could have reversed the real estate meltdown that was already beginning.
No one person can clean up the mess created by the greed of 'Wall Street'. Anyone who believes Romney is the panacea for what ails our country will be sorely disappointed.
Our robust economy during the Clinton years was a direct result of new technology. Until we as a nation begin to plan for a future not tied to fossil fuels and begin an open dialog on real solutions not tied to ideology are future will be unsettled, and other nations, India, China, Brazil or example, will forge ahead.
Oh - so Obama's mess is now the "Greed of Wallstreet?"
Is that what you left-winged morons are going to affix blame to once Romney is elected?
I'm sure you don't understand but let me be blunt. The more you post the dumber you seem. Better to keep your hands of the keyboard, why prove to everyone you have nothing intelligent to offer?
Congress could have acted to make Freddie mac and Fannie mae more transparent and accountable.
Once again, MORON, Fannie and Freddie DID NOT CAUSE the mortgage crisis. Please, PLEASE stop with this lie.
Business - David Min - For the Last Time, Fannie and Freddie Didn't Cause the Housing Crisis - The Atlantic
The economy collapsed at the end of Bush's two terms which was preceeded by two years of democratic controlled congress. A time during which red flags were raised about the elephant in the room (housing) but democrats denied and the GOP was too spineless to push forward with reforms.
Obama had two more years of that same congress and even managed to pass HCA with 0 republican votes. Yet the faltering economy nearly four years later is not his fault. He never mentions Reid won't do his job in the senate. Reid and Obama bare the brunt of the responsibility for our current situation in my opinion.
The economy collapsed at the end of Bush's two terms which was preceeded by two years of democratic controlled congress. A time during which red flags were raised about the elephant in the room (housing) but democrats denied and the GOP was too spineless to push forward with reforms.
Obama had two more years of that same congress and even managed to pass HCA with 0 republican votes. Yet the faltering economy nearly four years later is not his fault. He never mentions Reid won't do his job in the senate. Reid and Obama bare the brunt of the responsibility for our current situation in my opinion.
Start by explaining to us in detail what the Democratic Congress starting in 2007 could have done to avert the recession that began in December of that year,
or how they could have reversed the real estate meltdown that was already beginning.
By not killing every attempt by Bush to rein in Fanny Mae and Freddy Mac for one thing.
Was that a monologue addressed to yourself?I'm sure you don't understand but let me be blunt. The more you post the dumber you seem. Better to keep your hands of the keyboard, why prove to everyone you have nothing intelligent to offer?
No, to the other right wing partisan hack. But thanks for asking.
BTW, had the auto industry collapsed, what impact might that have had on the overall economy? How much greater would the unemployed figures be if all the suppliers for GM and Chrysler went out of business; if all the dealerships closed their doors? How would that have impacted local government dependent on sales tax revenue of new cars? How many more public employees would have lost jobs? And what of the jobs in the private sector which provided food and entertainment and clothes and such for the newly unemployed? Explain that if you can Rabbi.
No one says that FM and FM are the only cause of the housing crisis, idiot. Reforming them would have helped. It was a place to start.
Do you think Romney can clean up Obama's mess in one term?
With a willing congress yes, absolutely.
Repeal all the bullshit then just get the fuck out of the way and let it happen.
Start by explaining to us in detail what the Democratic Congress starting in 2007 could have done to avert the recession that began in December of that year,
or how they could have reversed the real estate meltdown that was already beginning.
Get ready to laugh.
People laugh at what they don't understand. You do a lot of laughing around here.
Congress could have acted to make Freddie mac and Fannie mae more transparent and accountable. There were editorials running in the Wall St Journal for years before the melt down, arguing basically that everythingthat actually happened was going to happen. They could have allowed the Fed to raise interest rates to a reasonable level, instead of pressuring for lower rates. They could have resisted the urge to spend spend spend. They could have reformed congressional earmarks, which Pelosi in fact pledged but failed to do. They could have refused to bail out the auto makers and establish the moral hazard we see unfolding in front of us.
No one person can clean up the mess created by the greed of 'Wall Street'. Anyone who believes Romney is the panacea for what ails our country will be sorely disappointed.
Our robust economy during the Clinton years was a direct result of new technology. Until we as a nation begin to plan for a future not tied to fossil fuels and begin an open dialog on real solutions not tied to ideology are future will be unsettled, and other nations, India, China, Brazil or example, will forge ahead.
No one person can clean up the mess created by the greed of 'Wall Street'. Anyone who believes Romney is the panacea for what ails our country will be sorely disappointed.
Our robust economy during the Clinton years was a direct result of new technology. Until we as a nation begin to plan for a future not tied to fossil fuels and begin an open dialog on real solutions not tied to ideology are future will be unsettled, and other nations, India, China, Brazil or example, will forge ahead.
um...no.
The robust economy was partly due to a housing boom caused by a false demand in three ways:
1) Lower interest rates set by the FED
2) Fannie & Freddie buying up mortgages like there was no tomorrow
3) Government strongly - STRONGLY - encouraging the mortgage industry to make risky loans both ignoring poor credit and dramatically raising the debt/income ratio as well as no money down loans.
Also - consumers everywhere was treating debt like it was income. Negative savings rates and increased credit card spending created another false demand.
The economy collapsed at the end of Bush's two terms which was preceeded by two years of democratic controlled congress. A time during which red flags were raised about the elephant in the room (housing) but democrats denied and the GOP was too spineless to push forward with reforms.
Obama had two more years of that same congress and even managed to pass HCA with 0 republican votes. Yet the faltering economy nearly four years later is not his fault. He never mentions Reid won't do his job in the senate. Reid and Obama bare the brunt of the responsibility for our current situation in my opinion.
You are a very special brand of lying stupidity. The neocon marching orders were to make Obama fail from day one. No president in my memory has had to work with such organized butthurt hatred at having lost an election.
2) Fannie & Freddie buying up mortgages like there was no tomorrow
3) Government strongly - STRONGLY - encouraging the mortgage industry to make risky loans both ignoring poor credit and dramatically raising the debt/income ratio as well as no money down loans.
Do you think Romney can clean up Obama's mess in one term?
Nope. 4 years isn't enough to make a dent in what that moron has done to us.
No one person can clean up the mess created by the greed of 'Wall Street'. Anyone who believes Romney is the panacea for what ails our country will be sorely disappointed.
Our robust economy during the Clinton years was a direct result of new technology. Until we as a nation begin to plan for a future not tied to fossil fuels and begin an open dialog on real solutions not tied to ideology are future will be unsettled, and other nations, India, China, Brazil or example, will forge ahead.
um...no.
The robust economy was partly due to a housing boom caused by a false demand in three ways:
1) Lower interest rates set by the FED
2) Fannie & Freddie buying up mortgages like there was no tomorrow
3) Government strongly - STRONGLY - encouraging the mortgage industry to make risky loans both ignoring poor credit and dramatically raising the debt/income ratio as well as no money down loans.
Also - consumers everywhere was treating debt like it was income. Negative savings rates and increased credit card spending created another false demand.
Yep. Exactly right. We came out of the dotcom, or NASDAQ bubble and were looking for ways to spur growth. SO, the typical moron economists, namely, Krugman and Co. were clamoring for a housing bubble to make another boom. He got his wish.
Start by explaining to us in detail what the Democratic Congress starting in 2007 could have done to avert the recession that began in December of that year,
or how they could have reversed the real estate meltdown that was already beginning.
Get ready to laugh.
It won't make you laugh but it might make some cry.
Housing like many other things in our economy belong in only the private sector. F&F should have been abolished years ago.
Was that a monologue addressed to yourself?I'm sure you don't understand but let me be blunt. The more you post the dumber you seem. Better to keep your hands of the keyboard, why prove to everyone you have nothing intelligent to offer?
No, to the other right wing partisan hack. But thanks for asking.
BTW, had the auto industry collapsed, what impact might that have had on the overall economy? How much greater would the unemployed figures be if all the suppliers for GM and Chrysler went out of business; if all the dealerships closed their doors? How would that have impacted local government dependent on sales tax revenue of new cars? How many more public employees would have lost jobs? And what of the jobs in the private sector which provided food and entertainment and clothes and such for the newly unemployed? Explain that if you can Rabbi.
Get ready to laugh.
It won't make you laugh but it might make some cry.
Housing like many other things in our economy belong in only the private sector. F&F should have been abolished years ago.
You haven't told us how Congress could have prevented the recession in 2007.
