How long will the cons have to hear they trashed the economy?

[rdean]

They keep saying "it's both parties". So by believing that, I'm guessing they feel it's OK to keep trashing the country.

You don't hear Democrats yelling "Let him die".

You don't hear Democrats saying, "Feed the poor and they'll breed".

You don't hear Democrats saying, "Education is for snobs".

Yet, Republicans have convinced themselves the two parties, despite one being 90% white and the other being everyone else, are "just the same".

 

[PredFan]

TM, do you really expect the Dems to fix the problems?? Really?? Or is it just easier to blame someone else???

What was the bailout that is helping to fix this problem called?

"An illusion that only exists in your alleged mind."

 

[Gremlin-USA]

A brief history lesson:

1977: Jimmy Carter (D) signs the Community Reinvestment Act, guaranteeing home loans to low-income families.

1993: Bill Clinton (Democrat) signs NAFTA bill, killing US jobs

1994: Bill Clinton (Democrat) signs GATT, killing US jobs

1998: HUD publishes report damning FREDDIE MAC and FANNIE MAE for not lending home loans to unqualified Applicants.

1999: Bill Clinton (D) puts the CRA on steroids by pushing Fannie Mae & Freddie Mac (F&F) to increase the number of sub-prime loans (owning a home is now a 'right'.).

1999 (September): New York Times (of all rags) publishes an article, 'Fannie Mae Eases Credit To Aid Mortgage Lending', and warns of the coming crisis due to lax lending policies of the Clinton (D) administration.

1999: Bill Clinton (D) Signs the Gramm-Lech-Bliley Act repealing parts of the Glass-Stegeall act of 1933, which “made Banks too big to fail”

2000, Franklin D. Raines (Democrat) chairman of FANNIE MAE pledges to open lending to unqualified blacks and Mexicans.

2000 Bill Clinton (Democrat) signs U.S.-China Relations Act of 2000, killing US jobs

2001, Bush administration raised red flags over massive low-documentation loans by FNMA

2003: The White House calls Fannie and Freddie a "systemic risk". The Bush (R) administration pushes Congress to enact new regulations.

2003: Barney Frank (D) says F&F are "not in a crisis" and bashes Republicans for crying wolf and calls F&F "Financially Sound". Democrats block Republican-sponsored regulation legislation.

2003, Treasury Secretary John Snow (Republican) recommends to the House Financial Services Committee to impose controls on FANNIE MAE and FREDDIE MAC.

2003, less than a month later, Fannie Mae disclosed 1.2 billion dollars in "accounting error.

2003, Bush Administration increases warnings of toxic loans made by FANNIE MAE.

2004, Franklin Raines (Democrat) resigns from FANNIE MAE.

2005: Fed Reserve Chairman Alan Greenspan voices warning over Fannie & Freddie accounting; "We are placing the total financial system of the future at a substantial risk"

2005, Alan Greenspan recommends limits on FANNIE MAE lending.

2005, Senator Chuck Schumer (Democrat) refutes placing limits on FANNIE

2005: Sen Charles Schumer (D) says "I think Fannie & Freddie, over the years, have done an incredibly good job and are an intrinsic part of making America the best-housed people in the world.” No mention of toxic loans or an unsustainable bubble. Flipping houses becomes a cottage industry

2005: Deputy Secretary of Treasury, Samuel Bodman (Republican) warns of risks caused by FANNIE MAE lending to unqualified lenders.

2006 Sen. John McCain (R) again calls for reform of the regulatory structure that governs Fannie & Freddie.

2006: Democrats again block reform legislation and regulation.

2007 Aug: Bush asks Congress to put through limits on FANNIE MAE lending.

2007 Dec: Bush warns Congress to hurry limits on FANNIE MAE lending.

2008: Housing market finally collapses: Democrats blame the Republicans.

 

[naturegirl]

They keep saying "it's both parties". So by believing that, I'm guessing they feel it's OK to keep trashing the country.

You don't hear Democrats yelling "Let him die".

You don't hear Democrats saying, "Feed the poor and they'll breed".

You don't hear Democrats saying, "Education is for snobs".

Yet, Republicans have convinced themselves the two parties, despite one being 90% white and the other being everyone else, are "just the same".

Nope you hear the Dems saying SPEND, SPEND, SPEND, SPEND OUR WAY OUT OF DEBT!!

 

[sealybobo]

Both parties trashed the economy.

Both parties will continue to do whatever it takes to get campaign donations from Big Money.

It's how they roll.

It was the GOP that lied us into Iraq. The GOP in the 90's kept trying to push Clinton into doing it but he wouldn't bite, and neither would Gore have.

The GOP deregulated the banks. And its them who don't like Dodd Frank.

Its the GOP that LOVE free trade. Democrats represent unions. You can't suggest that unions like free trade. So there is a KEY way the GOP are worse. Bush and Tom Delay passed legislation that drove jobs out of the country.

Look back to an op ed in 2007:

Roll Back the Reagan Tax Cuts | Common Dreams

Since Bush has been president:

•over 5 million people have slipped into poverty;
•nearly 7 million Americans have lost their health insurance;
•median household income has gone down by nearly $1,300;
•three million manufacturing jobs have been lost;
•three million American workers have lost their pensions;
•home foreclosures are now the highest on record;
•the personal savings rate is below zero - which hasn't happened since the great depression;
•the real earnings of college graduates have gone down by about 5% in the last few years;
•entry level wages for male and female high school graduates have fallen by over 3%;
•wages and salaries are now at the lowest share of GDP since 1929.

Imagine how much worse the numbers were a year later when he was leaviing office??? And the GOP said the our economy was fine. They pointed to corporate profits. And so no wonder today they are wrong again and trying to say the bad economy is Obama's fault or that Romney/Bush can fix it. Luckily people haven't forgotten yet. Its too soon.

 

[naturegirl]

Both parties trashed the economy.

Both parties will continue to do whatever it takes to get campaign donations from Big Money.

It's how they roll.

It was the GOP that lied us into Iraq. The GOP in the 90's kept trying to push Clinton into doing it but he wouldn't bite, and neither would Gore have.

The GOP deregulated the banks. And its them who don't like Dodd Frank.

Its the GOP that LOVE free trade. Democrats represent unions. You can't suggest that unions like free trade. So there is a KEY way the GOP are worse. Bush and Tom Delay passed legislation that drove jobs out of the country.

Look back to an op ed in 2007:

Roll Back the Reagan Tax Cuts | Common Dreams

Since Bush has been president:

•over 5 million people have slipped into poverty;
•nearly 7 million Americans have lost their health insurance;
•median household income has gone down by nearly $1,300;
•three million manufacturing jobs have been lost;
•three million American workers have lost their pensions;
•home foreclosures are now the highest on record;
•the personal savings rate is below zero - which hasn't happened since the great depression;
•the real earnings of college graduates have gone down by about 5% in the last few years;
•entry level wages for male and female high school graduates have fallen by over 3%;
•wages and salaries are now at the lowest share of GDP since 1929.

Imagine how much worse the numbers were a year later when he was leaviing office??? And the GOP said the our economy was fine. They pointed to corporate profits. And so no wonder today they are wrong again and trying to say the bad economy is Obama's fault or that Romney/Bush can fix it. Luckily people haven't forgotten yet. Its too soon.

And Obama is addressing all of this by creating more DEBT. It's the only answer, the only way out, let's spend some more.

 

[Truthmatters]

The Bush team allowed the banks to skirt the regulations written into the gramm leach bliely act.


They immediately inforced all the shit in it the BANKS had been drooling over since Glass Steagal and mad sure the protection written into the bill were never implimented untill AFTER the crash.


This was designed by the right to FUCK the American people and make bank for the banks.


Then when it didnt create the Utopia the right has ALWAYS claimed their ideas would they had to resort to Kensyean fiscal policy to get us out of the mess.



Nope folks THIS was orcastrated by the republican party and their masters the wealthy.

I know it sounds all fair and shit to blame everyone.

But it aint true

 

[bripat9643]

Morons like you trashed the economy. Of course, you and those like you will spout your nonsense and lies until the end of time. The Earth would be a paradise if it wasn't for the mass of idiots who believe what you believe.

forever.

Its what smart people call history.

You created this history with your historically failed ideas.

You own this history till the end of mankind.

There is your answer.

You will hear about the mess you made until the end of mankinds exsistance.

You dont get to rewrite history to avoid blame.

 

[bripat9643]

Greed trashed the economy.


Palin and simple.

How did "greed" trash the economy? What is the mysterious mechanism that causes greed to expand during some periods and not others?

 

[naturegirl]

The Bush team allowed the banks to skirt the regulations written into the gramm leach bliely act.


They immediately inforced all the shit in it the BANKS had been drooling over since Glass Steagal and mad sure the protection written into the bill were never implimented untill AFTER the crash.


This was designed by the right to FUCK the American people and make bank for the banks.


Then when it didnt create the Utopia the right has ALWAYS claimed their ideas would they had to resort to Kensyean fiscal policy to get us out of the mess.



Nope folks THIS was orcastrated by the republican party and their masters the wealthy.

I know it sounds all fair and shit to blame everyone.

But it aint true

Blame, blame, blame you have learned much from your Messiah!! Oh and more blame!! If it's so easy, fix the darn thing and let's go on. Your answer is to spend non-existent money. Yea, that's working out so well.

 

[bripat9643]

The government trashed the economy, last I checked two parties are running the government. Dems are as guilty as Republicans............blaming someone instead of fixing the problem.........is well, an even bigger problem.

The last I checked the Democrats were in charge of Congress since 2006.

 

[Gremlin-USA]

forgot to put this in my last post:

24 April 2008, Goldman Sachs donates $1,000,000 to Obama campaign.
25 April 2008, AIG donates $630,000 to Obama campaign.
26 April 2008, Morgan Stanley donates $485,823 to Obama campaign.
27 May 03, 2008, Bush (Republican) warns Congress again.
28 May 19,2008, Bush (Republican) warns Congress again.
29 May 31, 2008, Bush (Republican) makes radio address warning Congress to pass limits on FANNIE MAE.
30 June 2008, Bush (Republican) warns Congress again.
31 July 2008, Congress finally passes a reform bill on FANNIE MAE lending.
32 November 4, 2008, Hussein Obama elected president.
33 December 18, 2008 House Oversight and Government Reform Committee conducts further hearings into FANNIE MAE and FREDDIE MAC.
34 February 17, 2009, Hussein Obama (Democrat) signs bailout program.
35 March, 2009, AIG reports $62,000,000,000 loss.
36 April 2009, Goldman Sachs reports $780,000,000 loss.
37 April, 2009, Morgan Stanley reports $1,300,000,000 loss.

 

[sealybobo]

1. Us Democrats will agree that our elected officials act an awful lot like Republicans. Like when Clinton went along with NAFTA. I agree, he was a triangulator and the Democrats are too Corporate. So instead of fixing the problem, the GOP Supreme Court passed Citizens United. What the fuck was up with that? And yes Clinton signed NAFTA, but who drafted NAFTA? Just didn't have enough time to get it passed because he was a one termer. HW Bush, that's who. The GOP created NAFTA.

And NAFTA wasn't nearly as bad as it was after GW got his hands on it. Did you hear that Obama is going to tariff Chinese Solar Panels 30% to make trade fair with China? Romney wouldn't do that. He would just continue to let the Chinese destroy the American middle class.

Our only hope is the Democratic party. They still answer to labor. I won't vote GOP because I don't want to have a small rich class, small merchantile class and HUGE mass of living poor.

 

[Rat in the Hat]

The Bush team allowed the banks to skirt the regulations written into the gramm leach bliely act.


They immediately inforced all the shit in it the BANKS had been drooling over since Glass Steagal and mad sure the protection written into the bill were never implimented untill AFTER the crash.


This was designed by the right to FUCK the American people and make bank for the banks.


Then when it didnt create the Utopia the right has ALWAYS claimed their ideas would they had to resort to Kensyean fiscal policy to get us out of the mess.



Nope folks THIS was orcastrated by the republican party and their masters the wealthy.

I know it sounds all fair and shit to blame everyone.

But it aint true

And what did your Democrats do to fix it in 2007 & 2008 when they had the majority in Congress?

Nothing.

They were too busy enriching themselves, just like the Republicans were.

 

[bripat9643]

SEC Votes for Final Rules Defining How Banks Can Be Securities Brokers
Eight Years After Passage of the Gramm-Leach-Bliley Act, Key Provisions Will Now Be Implemented
FOR IMMEDIATE RELEASE
2007-190
Washington, D.C., Sept. 19, 2007 - Ending eight years of stalled negotiations and impasse, the Commission today voted to adopt, jointly with the Board of Governors of the Federal Reserve System (Board), new rules that will finally implement the bank broker provisions of the Gramm-Leach-Bliley Act of 1999. The Board will consider these final rules at its Sept. 24, 2007 meeting. The Commission and the Board consulted with and sought the concurrence of the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Office of Thrift Supervision.


The Bill that both parties agreed on was NEVER implimented UNTIL after the economy crashed.


They gamed the legislation by holding back for 8 years the protections in the law that would have prevented this mess.

You fantasy that these regulations would have prevented anything has no visible means of support. Nothing could be easier than making claims about things that never happened.

 

[Truthmatters]

Pretending it the dems fault when the dems are the ones who inisted the Broker rules be in the gramm leach bliely act to make it plausable and functionable in our economic system is utter stupidity.



WHY did Bush and his SEC REFUSE to impliment the full bill?


Because without this protection the banks who won them GOT EVERYTHING they had been wanting for decades.

They got the ability to deal however they wanted with the lending part and the secruities part of this bill.

With the protection intact they would have had to hire only professionally trained brokers.

without the protections they could hire and train whomever they wanted and however they wanted.

They hired dupes and rubes and trained them to do their bidding.


You people are now the rubes

 

[bripat9643]

8 long years while the banks could hire and train the very people who did this shit to our country

Politicians are the only ones who have any power to shit on the country.

 

[naturegirl]

The Bush team allowed the banks to skirt the regulations written into the gramm leach bliely act.


They immediately inforced all the shit in it the BANKS had been drooling over since Glass Steagal and mad sure the protection written into the bill were never implimented untill AFTER the crash.


This was designed by the right to FUCK the American people and make bank for the banks.


Then when it didnt create the Utopia the right has ALWAYS claimed their ideas would they had to resort to Kensyean fiscal policy to get us out of the mess.



Nope folks THIS was orcastrated by the republican party and their masters the wealthy.

I know it sounds all fair and shit to blame everyone.

But it aint true

And what did your Democrats do to fix it in 2007 & 2008 when they had the majority in Congress?

Nothing.

They were too busy enriching themselves, just like the Republicans were.

Obama is worth over 10 million dollars, how much did he pay in taxes last year. How much of this WEALTH came about since he became Divider-in-Chief???

 

[Truthmatters]

yeah right these rules on who could be a broker meant nothing and that is why Bush and his SEC held them back for 8 long years.

 

[sealybobo]

forgot to put this in my last post:

24 April 2008, Goldman Sachs donates $1,000,000 to Obama campaign.
25 April 2008, AIG donates $630,000 to Obama campaign.
26 April 2008, Morgan Stanley donates $485,823 to Obama campaign.
27 May 03, 2008, Bush (Republican) warns Congress again.
28 May 19,2008, Bush (Republican) warns Congress again.
29 May 31, 2008, Bush (Republican) makes radio address warning Congress to pass limits on FANNIE MAE.
30 June 2008, Bush (Republican) warns Congress again.
31 July 2008, Congress finally passes a reform bill on FANNIE MAE lending.
32 November 4, 2008, Hussein Obama elected president.
33 December 18, 2008 House Oversight and Government Reform Committee conducts further hearings into FANNIE MAE and FREDDIE MAC.
34 February 17, 2009, Hussein Obama (Democrat) signs bailout program.
35 March, 2009, AIG reports $62,000,000,000 loss.
36 April 2009, Goldman Sachs reports $780,000,000 loss.
37 April, 2009, Morgan Stanley reports $1,300,000,000 loss.

Freddy/Fanny didn't expect the GOP to throw us into a Great Recession. At the time, jobs were plentyful and poor people could afford a home. But not when you send their jobs overseas or hire illegals to do the jobs "Americans won't do"

And of course the Democrats take money from the Drug Companies, oil companies, bankers, etc. You righties want us to fight you with one hand tied behind our back.