SniperFire
Senior Member
- Thread starter
- #61
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When did you stop blaming Tip O'Neill? Today, for this post only, to keep yourself from looking stupid?
lol
Oh, Tip O'Neill forced him into it, of course.
But Reagan signed the legislation and history records it. That is just the way it is.
That is how it works.
The failure will be Obama's.
Now you're flip flopping back because you forgot that this forum keeps a record of what idiots like you actually say. lolol
How about,
Boehner is forcing Obama? Like you say Reagan was forced.
Our economy is being used to save these "too big to fail" banks because de-regulation allowed the financial industry to conglomorate into a select few major banks, as if the Anti Trust Act didn't exist.Prior to financial deregulation, essentially the repeal of the Glass-Steagall Act and the non-regulation of derivativesa joint achievement of the Clinton administration and the Republican PartyChase, Bank of America, and Citibank were commercial banks that took depositors deposits and made loans to businesses and consumers and purchased Treasury bonds with any extra reserves.
With the repeal of Glass-Steagall these honest commercial banks became gambling casinos, like the investment bank, Goldman Sachs, betting not only their own money but also depositors money on uncovered bets on interest rates, currency exchange rates, mortgages, and prices of commodities and equities.
These bets soon exceeded many times not only US GDP but world GDP. Indeed, the gambling bets of JP Morgan Chase Bank alone are equal to world Gross Domestic Product.
His failed leadership means the middle class gets hammered beginning in '14.
Wait 'till the peeps get their new premiums for Obamacare on top of it all.
Question becomes, will peeps make him pay in the midterm, or are they going to sheepishly continue to hold out for the free gubmint stuff which Obama has thusfar used to replace what was once known as opportunity and prosperity?
Not sure if I have faith in the American people to make the right call anymore.
Because like all babies the rich want all the milk.
Tell that shit to your wife, mother, or sisterthose are luxuries, not necessitiesNeither does GE (a billion dollar a year company).
GE makes all of our lifes better with giving us dish washers, ovens, stoves, etc. They do something for society unike the dependents.
Think about that. Would you really want to live in the 1850's again?
thanks ass hat. i never stated i didnt have that equipment or use it. i simply stated it was a luxury not a necessity. but then again that argument is a bit over your head since it actually take some logical reasoning and comprehension.Tell that shit to your wife, mother, or sisterthose are luxuries, not necessitiesGE makes all of our lifes better with giving us dish washers, ovens, stoves, etc. They do something for society unike the dependents.
Think about that. Would you really want to live in the 1850's again?
Because like all babies the rich want all the milk.
You aren't bright. I said nothing about the rich.
I just said the middle was starting to enjoy their free ride because like gubmint stuff is free and stuff.
or in other words, all of his life partners.
LOL