Sarah Palin warned us about Putin, but how could she have known?

[Theowl32]

Says she made an "accurate prediction" that if Barack Obama were elected it would encourage Russia to invade Ukraine.

A prediction? And the connection between Georgia and Ukraine.

It is clear Palin suggested Russia might invade Ukraine. But did she predict it? And did it happen because of Obama’s reaction to Russia’s incursion into another former Soviet republic, Georgia, in 2008? Back then Obama wasn't president, George W. Bush was.

"Palin did not predict anything; she laid out a possibility," said Mark Beissinger, director of the Princeton Institute for International and Regional Studies at Princeton University.

"Her exact words are not exactly a prediction, but a comment that suggests it raised the probability that Putin would act against Ukraine in the future," said Mark Brawley, professor of international relations, McGill University.

Michael O’Hanlon, a senior fellow in foreign policy at the Brookings Institution, a Washington academic center, had similar reservations. But he doesn’t quibble that she pointed to Ukraine as a geopolitical flash point.

"She did raise the scenario," O’Hanlon said. "So I'd give her half credit."

Trickier, our experts said, was Palin’s 2008 words linking Obama’s "indecision" about Georgia and forthcoming aggression in Ukraine.

It’s a point where a definitive answer is not possible.

More: Palin: I predicted Obama's win would trigger a Russian invasion into Ukraine - PunditFact

Palin made lots of wacky claims, so it was almost inevitable that she would get one partially right.

Mod Edit: You can't post the entire article. Shortened quote to an excerpt.

• Copyright. Link Each "Copy & Paste" to It's Source. Only paste a small to medium section of the material.

It's completely laughable that so many cons would commend a moron who thinks Alaska's proximity to Russia gives her foreign policy experience. Any idiot could have made that comment about Russia and Ukraine. That's what makes her base so simple minded. It continues to astound me that cons on this board and elsewhere admire her. It really says a lot.

This all from a schmuck who brags about voting for Obama twice.

I have asked this of you patronizing racists before. Tell us the reasons you thought Obama was qualified to be president. Other than him being black or a democrat. List all of the accomplishments.

We already know you fell for the democrats who deliberately sank the economy in 2008 when they ignored all of Bush's 17 warnings about the real estate bubble.

Of course you morons fell for the political power play, and you still think to this moment the democrats had nothing to do with the collapse of the economy, even though the democrats had majority power starting in 2007. The fact that our economy thrived under Republican control from 1994 till 2006 is lost on you brainwashed morons.

Now, we read more bullshit from an ignorant sacksucker like you. Now, tell us why you thought Obama was so qualified. BTW, Palin accomplished a lot more than Obama. Want to compare. You unreal stupid pile of shit.

Lol it is just so ridiculous you blame dems for the collapse yet can not explain what exactly dems do to cause it. This happened in the last 4 months of 2008. HOW did the dems cause it. Without that explanation you just sound like a complete moron.

You, apparently do not know how to respond to facts. The "last 4 months?"

You stupid fuck. You just proved it was not because of Bush. You just proved conclusively that the democrats ignored ALL of Bush's warnings. 17 of them to be exact. That is an official record according to the white house archive.

The democrats have been sacrificing this country in order to gain political power for decades. From convincing the minorities they are the perpetual victims, to deliberately causing an economic melt down. All behind a socialist media that pushes a socialist agenda who always insulate their democrat politicians.

Well, go ahead. Tell us why the democrats (who controlled the House and Senate starting in 2007) ignored all of Bush's warnings in 2008 (which just so happened to be a crucial election year.) As you said, the collapse happened in the last 4 months of Bush's presidency. Now, what else happened in that time? The elections?

You stupid fuck. You dumb ignorant brainwashed moron.

Funny, how I am still waiting for all of the accomplishments of Obama that made him so qualified to be president to you. I cannot tell. You think Bush did not warn congress about the real estate bubble? Go ahead, tell us why the pathetic democrats ignored all of the warnings.

Watch folks, he will start his response with a "lol" and then deny that they democrats ignored any of the warnings. It must have been just a coincidence that the economy turned into pure shit AFTER THE DEMOCRATS TOOK OVER POWER IN 2007, and it must be a coincidence that the democrats IGNORED ALL OF BUSH'S WARNINGS.

What a bunch of hopeless hacks.

 

[Mac1958]

.

Probably not a good sign when you've put yourself into a position where Sarah Palin can say "I told you so".

.

She wasn't right about what she said, idiot.

Right to the name-calling.

How old are you?

.

 

[NYcarbineer]

.

Probably not a good sign when you've put yourself into a position where Sarah Palin can say "I told you so".

.

She wasn't right about what she said, idiot.

Right to the name-calling.

How old are you?

.

Old enough to know you're an idiot if you can't figure out that Palin doesn't have any right to say 'I told you so'.

 

[Mac1958]

.

Probably not a good sign when you've put yourself into a position where Sarah Palin can say "I told you so".

.

She wasn't right about what she said, idiot.

Right to the name-calling.

How old are you?

.

Old enough to know you're an idiot if you can't figure out that Palin doesn't have any right to say 'I told you so'.

You clearly don't understand the point.

I would not expect you to. Partisan ideology does that to people.

.

 

[Billy000]

Says she made an "accurate prediction" that if Barack Obama were elected it would encourage Russia to invade Ukraine.

A prediction? And the connection between Georgia and Ukraine.

It is clear Palin suggested Russia might invade Ukraine. But did she predict it? And did it happen because of Obama’s reaction to Russia’s incursion into another former Soviet republic, Georgia, in 2008? Back then Obama wasn't president, George W. Bush was.

"Palin did not predict anything; she laid out a possibility," said Mark Beissinger, director of the Princeton Institute for International and Regional Studies at Princeton University.

"Her exact words are not exactly a prediction, but a comment that suggests it raised the probability that Putin would act against Ukraine in the future," said Mark Brawley, professor of international relations, McGill University.

Michael O’Hanlon, a senior fellow in foreign policy at the Brookings Institution, a Washington academic center, had similar reservations. But he doesn’t quibble that she pointed to Ukraine as a geopolitical flash point.

"She did raise the scenario," O’Hanlon said. "So I'd give her half credit."

Trickier, our experts said, was Palin’s 2008 words linking Obama’s "indecision" about Georgia and forthcoming aggression in Ukraine.

It’s a point where a definitive answer is not possible.

More: Palin: I predicted Obama's win would trigger a Russian invasion into Ukraine - PunditFact

Palin made lots of wacky claims, so it was almost inevitable that she would get one partially right.

Mod Edit: You can't post the entire article. Shortened quote to an excerpt.

• Copyright. Link Each "Copy & Paste" to It's Source. Only paste a small to medium section of the material.

It's completely laughable that so many cons would commend a moron who thinks Alaska's proximity to Russia gives her foreign policy experience. Any idiot could have made that comment about Russia and Ukraine. That's what makes her base so simple minded. It continues to astound me that cons on this board and elsewhere admire her. It really says a lot.

This all from a schmuck who brags about voting for Obama twice.

I have asked this of you patronizing racists before. Tell us the reasons you thought Obama was qualified to be president. Other than him being black or a democrat. List all of the accomplishments.

We already know you fell for the democrats who deliberately sank the economy in 2008 when they ignored all of Bush's 17 warnings about the real estate bubble.

Of course you morons fell for the political power play, and you still think to this moment the democrats had nothing to do with the collapse of the economy, even though the democrats had majority power starting in 2007. The fact that our economy thrived under Republican control from 1994 till 2006 is lost on you brainwashed morons.

Now, we read more bullshit from an ignorant sacksucker like you. Now, tell us why you thought Obama was so qualified. BTW, Palin accomplished a lot more than Obama. Want to compare. You unreal stupid pile of shit.

Lol it is just so ridiculous you blame dems for the collapse yet can not explain what exactly dems do to cause it. This happened in the last 4 months of 2008. HOW did the dems cause it. Without that explanation you just sound like a complete moron.

You, apparently do not know how to respond to facts. The "last 4 months?"

You stupid fuck. You just proved it was not because of Bush. You just proved conclusively that the democrats ignored ALL of Bush's warnings. 17 of them to be exact. That is an official record according to the white house archive.

The democrats have been sacrificing this country in order to gain political power for decades. From convincing the minorities they are the perpetual victims, to deliberately causing an economic melt down. All behind a socialist media that pushes a socialist agenda who always insulate their democrat politicians.

Well, go ahead. Tell us why the democrats (who controlled the House and Senate starting in 2007) ignored all of Bush's warnings in 2008 (which just so happened to be a crucial election year.) As you said, the collapse happened in the last 4 months of Bush's presidency. Now, what else happened in that time? The elections?

You stupid fuck. You dumb ignorant brainwashed moron.

Funny, how I am still waiting for all of the accomplishments of Obama that made him so qualified to be president to you. I cannot tell. You think Bush did not warn congress about the real estate bubble? Go ahead, tell us why the pathetic democrats ignored all of the warnings.

Watch folks, he will start his response with a "lol" and then deny that they democrats ignored any of the warnings. It must have been just a coincidence that the economy turned into pure shit AFTER THE DEMOCRATS TOOK OVER POWER IN 2007, and it must be a coincidence that the democrats IGNORED ALL OF BUSH'S WARNINGS.

What a bunch of hopeless hacks.

You have some serious issues dude. Maybe getting laid would help? I have no idea.

Lol I never blamed Bush to begin with you assclown. I'm still waiting for objective information. What goddamn warnings did democrats ignore. LIST THEM. I don't blame Bush but I also know Bush had no fucking clue it was going to happen.

An informed person knows many factors contributed to the collapse of Sept 2008. That is the nature of economics. You blaming the democrats just makes you sound like a dumb redneck partisan douche bag.

 

[Theowl32]

Says she made an "accurate prediction" that if Barack Obama were elected it would encourage Russia to invade Ukraine.

A prediction? And the connection between Georgia and Ukraine.

It is clear Palin suggested Russia might invade Ukraine. But did she predict it? And did it happen because of Obama’s reaction to Russia’s incursion into another former Soviet republic, Georgia, in 2008? Back then Obama wasn't president, George W. Bush was.

"Palin did not predict anything; she laid out a possibility," said Mark Beissinger, director of the Princeton Institute for International and Regional Studies at Princeton University.

"Her exact words are not exactly a prediction, but a comment that suggests it raised the probability that Putin would act against Ukraine in the future," said Mark Brawley, professor of international relations, McGill University.

Michael O’Hanlon, a senior fellow in foreign policy at the Brookings Institution, a Washington academic center, had similar reservations. But he doesn’t quibble that she pointed to Ukraine as a geopolitical flash point.

"She did raise the scenario," O’Hanlon said. "So I'd give her half credit."

Trickier, our experts said, was Palin’s 2008 words linking Obama’s "indecision" about Georgia and forthcoming aggression in Ukraine.

It’s a point where a definitive answer is not possible.

More: Palin: I predicted Obama's win would trigger a Russian invasion into Ukraine - PunditFact

Palin made lots of wacky claims, so it was almost inevitable that she would get one partially right.

Mod Edit: You can't post the entire article. Shortened quote to an excerpt.

• Copyright. Link Each "Copy & Paste" to It's Source. Only paste a small to medium section of the material.

It's completely laughable that so many cons would commend a moron who thinks Alaska's proximity to Russia gives her foreign policy experience. Any idiot could have made that comment about Russia and Ukraine. That's what makes her base so simple minded. It continues to astound me that cons on this board and elsewhere admire her. It really says a lot.

This all from a schmuck who brags about voting for Obama twice.

I have asked this of you patronizing racists before. Tell us the reasons you thought Obama was qualified to be president. Other than him being black or a democrat. List all of the accomplishments.

We already know you fell for the democrats who deliberately sank the economy in 2008 when they ignored all of Bush's 17 warnings about the real estate bubble.

Of course you morons fell for the political power play, and you still think to this moment the democrats had nothing to do with the collapse of the economy, even though the democrats had majority power starting in 2007. The fact that our economy thrived under Republican control from 1994 till 2006 is lost on you brainwashed morons.

Now, we read more bullshit from an ignorant sacksucker like you. Now, tell us why you thought Obama was so qualified. BTW, Palin accomplished a lot more than Obama. Want to compare. You unreal stupid pile of shit.

Lol it is just so ridiculous you blame dems for the collapse yet can not explain what exactly dems do to cause it. This happened in the last 4 months of 2008. HOW did the dems cause it. Without that explanation you just sound like a complete moron.

You, apparently do not know how to respond to facts. The "last 4 months?"

You stupid fuck. You just proved it was not because of Bush. You just proved conclusively that the democrats ignored ALL of Bush's warnings. 17 of them to be exact. That is an official record according to the white house archive.

The democrats have been sacrificing this country in order to gain political power for decades. From convincing the minorities they are the perpetual victims, to deliberately causing an economic melt down. All behind a socialist media that pushes a socialist agenda who always insulate their democrat politicians.

Well, go ahead. Tell us why the democrats (who controlled the House and Senate starting in 2007) ignored all of Bush's warnings in 2008 (which just so happened to be a crucial election year.) As you said, the collapse happened in the last 4 months of Bush's presidency. Now, what else happened in that time? The elections?

You stupid fuck. You dumb ignorant brainwashed moron.

Funny, how I am still waiting for all of the accomplishments of Obama that made him so qualified to be president to you. I cannot tell. You think Bush did not warn congress about the real estate bubble? Go ahead, tell us why the pathetic democrats ignored all of the warnings.

Watch folks, he will start his response with a "lol" and then deny that they democrats ignored any of the warnings. It must have been just a coincidence that the economy turned into pure shit AFTER THE DEMOCRATS TOOK OVER POWER IN 2007, and it must be a coincidence that the democrats IGNORED ALL OF BUSH'S WARNINGS.

What a bunch of hopeless hacks.

You have some serious issues dude. Maybe getting laid would help? I have no idea.

Lol I never blamed Bush to begin with you assclown. I'm still waiting for objective information. What goddamn warnings did democrats ignore. LIST THEM. I don't blame Bush but I also know Bush had no fucking clue it was going to happen.

An informed person knows many factors contributed to the collapse of Sept 2008. That is the nature of economics. You blaming the democrats just makes you sound like a dumb redneck partisan douche bag.

Look everyone, a liberal claiming he never blamed Bush for the economic collapse. He then said Bush had "no clue" that it was going to happen.

I guess he is ignoring all of the official records that he did not know about.

President Bush publicly called for GSE reform 17 times in 2008 alone before Congress acted. Unfortunately, these warnings went unheeded, as the President’s repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems.

2001

April: The Administration’s FY02 budget declares that the size of Fannie Mae and Freddie Mac is “a potential problem,” because “financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity.”

2002

May: The President calls for the disclosure and corporate governance principles contained in his 10-point plan for corporate responsibility to apply to Fannie Mae and Freddie Mac. (OMB Prompt Letter to OFHEO, 5/29/02)

2003

January: Freddie Mac announces it has to restate financial results for the previous three years.

February: The Office of Federal Housing Enterprise Oversight (OFHEO) releases a report explaining that “although investors perceive an implicit Federal guarantee of [GSE] obligations,” “the government has provided no explicit legal backing for them.” As a consequence, unexpected problems at a GSE could immediately spread into financial sectors beyond the housing market. (“Systemic Risk: Fannie Mae, Freddie Mac and the Role of OFHEO,” OFHEO Report, 2/4/03).

September: Fannie Mae discloses SEC investigation and acknowledges OFHEO’s review found earnings manipulations.

September: Treasury Secretary John Snow testifies before the House Financial Services Committee to recommend that Congress enact “legislation to create a new Federal agency to regulate and supervise the financial activities of our housing-related government sponsored enterprises” and set prudent and appropriate minimum capital adequacy requirements.

October: Fannie Mae discloses $1.2 billion accounting error.

November: Council of the Economic Advisers (CEA) Chairman Greg Mankiw explains that any “legislation to reform GSE regulation should empower the new regulator with sufficient strength and credibility to reduce systemic risk.” To reduce the potential for systemic instability, the regulator would have “broad authority to set both risk-based and minimum capital standards” and “receivership powers necessary to wind down the affairs of a troubled GSE.” (N. Gregory Mankiw, Remarks At The Conference Of State Bank Supervisors State Banking Summit And Leadership, 11/6/03).

2004

February: The President’s FY05 Budget againhighlights the risk posed by the explosive growth of the GSEs and their low levels of required capital, and called for creation of a new, world-class regulator: “The Administration has determined that the safety and soundness regulators of the housing GSEs lack sufficient power and stature to meet their responsibilities, and therefore…should be replaced with a new strengthened regulator.” (2005 Budget Analytic Perspectives, pg. 83)

February: CEA Chairman Mankiw cautions Congress to “not take [the financial market's] strength for granted.” Again, the call from the Administration was to reduce this risk by “ensuring that the housing GSEs are overseen by an effective regulator.” (N. Gregory Mankiw, Op-Ed, “Keeping Fannie And Freddie’s House In Order,” Financial Times, 2/24/04).

June: Deputy Secretary of Treasury Samuel Bodman spotlights the risk posed by the GSEs and called for reform, saying “We do not have a world-class system of supervision of the housing government sponsored enterprises (GSEs), even though the importance of the housing financial system that the GSEs serve demands the best in supervision to ensure the long-term vitality of that system. Therefore, the Administration has called for a new, first class, regulatory supervisor for the three housing GSEs: Fannie Mae, Freddie Mac, and the Federal Home Loan Banking System.” (Samuel Bodman, House Financial Services Subcommittee on Oversight and Investigations Testimony, 6/16/04).

2005

April: Treasury Secretary John Snow repeats his call for GSE reform, saying “Events that have transpired since I testified before this Committee in 2003 reinforce concerns over the systemic risks posed by the GSEs and further highlight the need for real GSE reform to ensure that our housing finance system remains a strong and vibrant source of funding for expanding homeownership opportunities in America… Half-measures will only exacerbate the risks to our financial system.” (Secretary John W. Snow, “Testimony Before The U.S. House Financial Services Committee,” 4/13/05).

2007

July: Two Bear Stearns hedge funds invested in mortgage securities collapse.

August: President Bush emphatically calls on Congress to pass a reform package for Fannie Mae and Freddie Mac, saying “first things first when it comes to those two institutions. Congress needs to get them reformed, get them streamlined, get them focused, and then I will consider other options.” (President George W. Bush, Press Conference, The White House, 8/9/07).

September: RealtyTrac announces foreclosure filings up 243,000 in August – up 115 percent from the year before.

September: Single-family existing home sales decreases 7.5 percent from the previous month – the lowest level in nine years. Median sale price of existing homes fell six percent from the year before.

December: President Bush again warns Congress of the need to pass legislation reforming GSEs, saying “These institutions provide liquidity in the mortgage market that benefits millions of homeowners, and it is vital they operate safely and operate soundly. So I’ve called on Congress to pass legislation that strengthens independent regulation of the GSEs – and ensures they focus on their important housing mission. The GSE reform bill passed by the House earlier this year is a good start. But the Senate has not acted. And the United States Senate needs to pass this legislation soon.” (President George W. Bush, Discusses Housing, The White House, 12/6/07).

2008

January: Bank of America announces it will buy Countrywide.

January: Citigroup announces mortgage portfolio lost $18.1 billion in value.

February: Assistant Secretary David Nason reiterates the urgency of reforms, says “A new regulatory structure for the housing GSEs is essential if these entities are to continue to perform their public mission successfully.” (David Nason, Testimony On Reforming GSE Regulation, Senate Committee On Banking, Housing And Urban Affairs, 2/7/08).

March: Bear Stearns announces it will sell itself to JPMorgan Chase.

March: President Bush calls on Congress to take action and “move forward with reforms on Fannie Mae and Freddie Mac. They need to continue to modernize the FHA, as well as allow State housing agencies to issue tax-free bonds to homeowners to refinance their mortgages.” (President George W. Bush, Remarks To The Economic Club Of New York, New York, NY, 3/14/08).

April: President Bush urges Congress to pass the much needed legislation and “modernize Fannie Mae and Freddie Mac. [There are] constructive things Congress can do that will encourage the housing market to correct quickly by … helping people stay in their homes.” (President George W. Bush, Meeting With Cabinet, the White House, 4/14/08).

May: President Bush issues several pleas to Congress to pass legislation reforming Fannie Mae and Freddie Mac before the situation deteriorates further.

• “Americans are concerned about making their mortgage payments and keeping their homes. Yet Congress has failed to pass legislation I have repeatedly requested to modernize the Federal Housing Administration that will help more families stay in their homes, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance sub-prime loans.” (President George W. Bush, Radio Address, 5/3/08).
• “[T]he government ought to be helping creditworthy people stay in their homes. And one way we can do that – and Congress is making progress on this – is the reform of Fannie Mae and Freddie Mac. That reform will come with a strong, independent regulator.” (President George W. Bush, Meeting With The Secretary Of The Treasury, the White House, 5/19/08).
• “Congress needs to pass legislation to modernize the Federal Housing Administration, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance subprime loans.” (President George W. Bush, Radio Address, 5/31/08).

June: As foreclosure rates continued to rise in the first quarter, the President once again asks Congress to take the necessary measures to address this challenge, saying “we need to pass legislation to reform Fannie Mae and Freddie Mac.” (President George W. Bush, Remarks At Swearing In Ceremony For Secretary Of Housing And Urban Development, Washington, D.C., 6/6/08).

July: Congress heeds the President’s call for action and passes reform of Fannie Mae and Freddie Mac as it becomes clear that the institutions are failing.

Briefing Room The White House
-------------------------------

That is right. 17 times in 2008 alone. Why did the democrats deliberately ignore all of the warnings in a crucial election year?

He still has not listed any reason he voted for Obama. Other than him being black and a democrat. Imagine that folks.

Not only do they not know that the democrats deliberately sank the economy for political expediency, but they cannot come up with one real legit reason they voted for Obama.

They are patronizing racists who have no clue they are pawns of the democrats.

They are all fucking losers.

 

[Sallow]

Jeepers Crumpets.

 

[Sallow]

Fannie Mae and Freddie Mac has very little (As in almost nothing) to do with the Bush economic cataclysm.

Anyone posting that?

Is a moron.

 

[NYcarbineer]

[


Look everyone, a liberal claiming he never blamed Bush for the economic collapse. He then said Bush had "no clue" that it was going to happen.

I guess he is ignoring all of the official records that he did not know about.

President Bush publicly called for GSE reform 17 times in 2008 alone before Congress acted. Unfortunately, these warnings went unheeded, as the President’s repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems.

2001

April: The Administration’s FY02 budget declares that the size of Fannie Mae and Freddie Mac is “a potential problem,” because “financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity.”

2002

May: The President calls for the disclosure and corporate governance principles contained in his 10-point plan for corporate responsibility to apply to Fannie Mae and Freddie Mac. (OMB Prompt Letter to OFHEO, 5/29/02)

2003

January: Freddie Mac announces it has to restate financial results for the previous three years.

February: The Office of Federal Housing Enterprise Oversight (OFHEO) releases a report explaining that “although investors perceive an implicit Federal guarantee of [GSE] obligations,” “the government has provided no explicit legal backing for them.” As a consequence, unexpected problems at a GSE could immediately spread into financial sectors beyond the housing market. (“Systemic Risk: Fannie Mae, Freddie Mac and the Role of OFHEO,” OFHEO Report, 2/4/03).

September: Fannie Mae discloses SEC investigation and acknowledges OFHEO’s review found earnings manipulations.

September: Treasury Secretary John Snow testifies before the House Financial Services Committee to recommend that Congress enact “legislation to create a new Federal agency to regulate and supervise the financial activities of our housing-related government sponsored enterprises” and set prudent and appropriate minimum capital adequacy requirements.

October: Fannie Mae discloses $1.2 billion accounting error.

November: Council of the Economic Advisers (CEA) Chairman Greg Mankiw explains that any “legislation to reform GSE regulation should empower the new regulator with sufficient strength and credibility to reduce systemic risk.” To reduce the potential for systemic instability, the regulator would have “broad authority to set both risk-based and minimum capital standards” and “receivership powers necessary to wind down the affairs of a troubled GSE.” (N. Gregory Mankiw, Remarks At The Conference Of State Bank Supervisors State Banking Summit And Leadership, 11/6/03).

2004

February: The President’s FY05 Budget againhighlights the risk posed by the explosive growth of the GSEs and their low levels of required capital, and called for creation of a new, world-class regulator: “The Administration has determined that the safety and soundness regulators of the housing GSEs lack sufficient power and stature to meet their responsibilities, and therefore…should be replaced with a new strengthened regulator.” (2005 Budget Analytic Perspectives, pg. 83)

February: CEA Chairman Mankiw cautions Congress to “not take [the financial market's] strength for granted.” Again, the call from the Administration was to reduce this risk by “ensuring that the housing GSEs are overseen by an effective regulator.” (N. Gregory Mankiw, Op-Ed, “Keeping Fannie And Freddie’s House In Order,” Financial Times, 2/24/04).

June: Deputy Secretary of Treasury Samuel Bodman spotlights the risk posed by the GSEs and called for reform, saying “We do not have a world-class system of supervision of the housing government sponsored enterprises (GSEs), even though the importance of the housing financial system that the GSEs serve demands the best in supervision to ensure the long-term vitality of that system. Therefore, the Administration has called for a new, first class, regulatory supervisor for the three housing GSEs: Fannie Mae, Freddie Mac, and the Federal Home Loan Banking System.” (Samuel Bodman, House Financial Services Subcommittee on Oversight and Investigations Testimony, 6/16/04).

2005

April: Treasury Secretary John Snow repeats his call for GSE reform, saying “Events that have transpired since I testified before this Committee in 2003 reinforce concerns over the systemic risks posed by the GSEs and further highlight the need for real GSE reform to ensure that our housing finance system remains a strong and vibrant source of funding for expanding homeownership opportunities in America… Half-measures will only exacerbate the risks to our financial system.” (Secretary John W. Snow, “Testimony Before The U.S. House Financial Services Committee,” 4/13/05).
.

Bush had a GOP Congress until the end of 2006. By then the real estate bubble was too far gone to fix.

 

[Theowl32]

Bush had a GOP Congress until the end of 2006. By then the real estate bubble was too far gone to fix.

Yeah, the last time the republicans had the power the unemployment rate was 4.6 percent.

Yeah, it was too far gone.

I guess that is your theory as to why the democrats ignored all of Bush's warnings. I cannot tell. Billy boy claims he does not blame Bush. That....is rich.

You agree with him?

You libs are just all over the fucking place. Yeah, in a crucial election year, the democrats ignored all of Bush's warnings cause the bubble was too far gone and there was nothing they could do about it anyway. Naaaah, they did not want to harpoon the republicans for the white house.

Naaaah, democrats would never do that.

You fucking double talking ignorant hack.

 

[NYcarbineer]

Bush had a GOP Congress until the end of 2006. By then the real estate bubble was too far gone to fix.

Yeah, the last time the republicans had the power the unemployment rate was 4.6 percent.

Yeah, it was too far gone.

I guess that is your theory as to why the democrats ignored all of Bush's warnings. I cannot tell. Billy boy claims he does not blame Bush. That....is rich.

You agree with him?

You libs are just all over the fucking place. Yeah, in a crucial election year, the democrats ignored all of Bush's warnings cause the bubble was too far gone and there was nothing they could do about it anyway. Naaaah, they did not want to harpoon the republicans for the white house.

Naaaah, democrats would never do that.

You fucking double talking ignorant hack.

lol, calm down, Grandpa. You tried to blame the Democrats for the real estate bubble/financial crisis, when in fact the GOP was in control during most of the time the crises were developing.

 

[Billy000]

To suggest that Freddie Mac was the chief reason for the collapse is absolutely ridiculous. It was a failure of lack of regulations in many financial institutions as well as the income inequality gap which led many people to risky loans.

Says she made an "accurate prediction" that if Barack Obama were elected it would encourage Russia to invade Ukraine.

A prediction? And the connection between Georgia and Ukraine.

It is clear Palin suggested Russia might invade Ukraine. But did she predict it? And did it happen because of Obama’s reaction to Russia’s incursion into another former Soviet republic, Georgia, in 2008? Back then Obama wasn't president, George W. Bush was.

"Palin did not predict anything; she laid out a possibility," said Mark Beissinger, director of the Princeton Institute for International and Regional Studies at Princeton University.

"Her exact words are not exactly a prediction, but a comment that suggests it raised the probability that Putin would act against Ukraine in the future," said Mark Brawley, professor of international relations, McGill University.

Michael O’Hanlon, a senior fellow in foreign policy at the Brookings Institution, a Washington academic center, had similar reservations. But he doesn’t quibble that she pointed to Ukraine as a geopolitical flash point.

"She did raise the scenario," O’Hanlon said. "So I'd give her half credit."

Trickier, our experts said, was Palin’s 2008 words linking Obama’s "indecision" about Georgia and forthcoming aggression in Ukraine.

It’s a point where a definitive answer is not possible.

More: Palin: I predicted Obama's win would trigger a Russian invasion into Ukraine - PunditFact

Palin made lots of wacky claims, so it was almost inevitable that she would get one partially right.

Mod Edit: You can't post the entire article. Shortened quote to an excerpt.

• Copyright. Link Each "Copy & Paste" to It's Source. Only paste a small to medium section of the material.

It's completely laughable that so many cons would commend a moron who thinks Alaska's proximity to Russia gives her foreign policy experience. Any idiot could have made that comment about Russia and Ukraine. That's what makes her base so simple minded. It continues to astound me that cons on this board and elsewhere admire her. It really says a lot.

This all from a schmuck who brags about voting for Obama twice.

I have asked this of you patronizing racists before. Tell us the reasons you thought Obama was qualified to be president. Other than him being black or a democrat. List all of the accomplishments.

We already know you fell for the democrats who deliberately sank the economy in 2008 when they ignored all of Bush's 17 warnings about the real estate bubble.

Of course you morons fell for the political power play, and you still think to this moment the democrats had nothing to do with the collapse of the economy, even though the democrats had majority power starting in 2007. The fact that our economy thrived under Republican control from 1994 till 2006 is lost on you brainwashed morons.

Now, we read more bullshit from an ignorant sacksucker like you. Now, tell us why you thought Obama was so qualified. BTW, Palin accomplished a lot more than Obama. Want to compare. You unreal stupid pile of shit.

Lol it is just so ridiculous you blame dems for the collapse yet can not explain what exactly dems do to cause it. This happened in the last 4 months of 2008. HOW did the dems cause it. Without that explanation you just sound like a complete moron.

You, apparently do not know how to respond to facts. The "last 4 months?"

You stupid fuck. You just proved it was not because of Bush. You just proved conclusively that the democrats ignored ALL of Bush's warnings. 17 of them to be exact. That is an official record according to the white house archive.

The democrats have been sacrificing this country in order to gain political power for decades. From convincing the minorities they are the perpetual victims, to deliberately causing an economic melt down. All behind a socialist media that pushes a socialist agenda who always insulate their democrat politicians.

Well, go ahead. Tell us why the democrats (who controlled the House and Senate starting in 2007) ignored all of Bush's warnings in 2008 (which just so happened to be a crucial election year.) As you said, the collapse happened in the last 4 months of Bush's presidency. Now, what else happened in that time? The elections?

You stupid fuck. You dumb ignorant brainwashed moron.

Funny, how I am still waiting for all of the accomplishments of Obama that made him so qualified to be president to you. I cannot tell. You think Bush did not warn congress about the real estate bubble? Go ahead, tell us why the pathetic democrats ignored all of the warnings.

Watch folks, he will start his response with a "lol" and then deny that they democrats ignored any of the warnings. It must have been just a coincidence that the economy turned into pure shit AFTER THE DEMOCRATS TOOK OVER POWER IN 2007, and it must be a coincidence that the democrats IGNORED ALL OF BUSH'S WARNINGS.

What a bunch of hopeless hacks.

You have some serious issues dude. Maybe getting laid would help? I have no idea.

Lol I never blamed Bush to begin with you assclown. I'm still waiting for objective information. What goddamn warnings did democrats ignore. LIST THEM. I don't blame Bush but I also know Bush had no fucking clue it was going to happen.

An informed person knows many factors contributed to the collapse of Sept 2008. That is the nature of economics. You blaming the democrats just makes you sound like a dumb redneck partisan douche bag.

Look everyone, a liberal claiming he never blamed Bush for the economic collapse. He then said Bush had "no clue" that it was going to happen.

I guess he is ignoring all of the official records that he did not know about.

President Bush publicly called for GSE reform 17 times in 2008 alone before Congress acted. Unfortunately, these warnings went unheeded, as the President’s repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems.

2001

April: The Administration’s FY02 budget declares that the size of Fannie Mae and Freddie Mac is “a potential problem,” because “financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity.”

2002

May: The President calls for the disclosure and corporate governance principles contained in his 10-point plan for corporate responsibility to apply to Fannie Mae and Freddie Mac. (OMB Prompt Letter to OFHEO, 5/29/02)

2003

January: Freddie Mac announces it has to restate financial results for the previous three years.

February: The Office of Federal Housing Enterprise Oversight (OFHEO) releases a report explaining that “although investors perceive an implicit Federal guarantee of [GSE] obligations,” “the government has provided no explicit legal backing for them.” As a consequence, unexpected problems at a GSE could immediately spread into financial sectors beyond the housing market. (“Systemic Risk: Fannie Mae, Freddie Mac and the Role of OFHEO,” OFHEO Report, 2/4/03).

September: Fannie Mae discloses SEC investigation and acknowledges OFHEO’s review found earnings manipulations.

September: Treasury Secretary John Snow testifies before the House Financial Services Committee to recommend that Congress enact “legislation to create a new Federal agency to regulate and supervise the financial activities of our housing-related government sponsored enterprises” and set prudent and appropriate minimum capital adequacy requirements.

October: Fannie Mae discloses $1.2 billion accounting error.

November: Council of the Economic Advisers (CEA) Chairman Greg Mankiw explains that any “legislation to reform GSE regulation should empower the new regulator with sufficient strength and credibility to reduce systemic risk.” To reduce the potential for systemic instability, the regulator would have “broad authority to set both risk-based and minimum capital standards” and “receivership powers necessary to wind down the affairs of a troubled GSE.” (N. Gregory Mankiw, Remarks At The Conference Of State Bank Supervisors State Banking Summit And Leadership, 11/6/03).

2004

February: The President’s FY05 Budget againhighlights the risk posed by the explosive growth of the GSEs and their low levels of required capital, and called for creation of a new, world-class regulator: “The Administration has determined that the safety and soundness regulators of the housing GSEs lack sufficient power and stature to meet their responsibilities, and therefore…should be replaced with a new strengthened regulator.” (2005 Budget Analytic Perspectives, pg. 83)

February: CEA Chairman Mankiw cautions Congress to “not take [the financial market's] strength for granted.” Again, the call from the Administration was to reduce this risk by “ensuring that the housing GSEs are overseen by an effective regulator.” (N. Gregory Mankiw, Op-Ed, “Keeping Fannie And Freddie’s House In Order,” Financial Times, 2/24/04).

June: Deputy Secretary of Treasury Samuel Bodman spotlights the risk posed by the GSEs and called for reform, saying “We do not have a world-class system of supervision of the housing government sponsored enterprises (GSEs), even though the importance of the housing financial system that the GSEs serve demands the best in supervision to ensure the long-term vitality of that system. Therefore, the Administration has called for a new, first class, regulatory supervisor for the three housing GSEs: Fannie Mae, Freddie Mac, and the Federal Home Loan Banking System.” (Samuel Bodman, House Financial Services Subcommittee on Oversight and Investigations Testimony, 6/16/04).

2005

April: Treasury Secretary John Snow repeats his call for GSE reform, saying “Events that have transpired since I testified before this Committee in 2003 reinforce concerns over the systemic risks posed by the GSEs and further highlight the need for real GSE reform to ensure that our housing finance system remains a strong and vibrant source of funding for expanding homeownership opportunities in America… Half-measures will only exacerbate the risks to our financial system.” (Secretary John W. Snow, “Testimony Before The U.S. House Financial Services Committee,” 4/13/05).

2007

July: Two Bear Stearns hedge funds invested in mortgage securities collapse.

August: President Bush emphatically calls on Congress to pass a reform package for Fannie Mae and Freddie Mac, saying “first things first when it comes to those two institutions. Congress needs to get them reformed, get them streamlined, get them focused, and then I will consider other options.” (President George W. Bush, Press Conference, The White House, 8/9/07).

September: RealtyTrac announces foreclosure filings up 243,000 in August – up 115 percent from the year before.

September: Single-family existing home sales decreases 7.5 percent from the previous month – the lowest level in nine years. Median sale price of existing homes fell six percent from the year before.

December: President Bush again warns Congress of the need to pass legislation reforming GSEs, saying “These institutions provide liquidity in the mortgage market that benefits millions of homeowners, and it is vital they operate safely and operate soundly. So I’ve called on Congress to pass legislation that strengthens independent regulation of the GSEs – and ensures they focus on their important housing mission. The GSE reform bill passed by the House earlier this year is a good start. But the Senate has not acted. And the United States Senate needs to pass this legislation soon.” (President George W. Bush, Discusses Housing, The White House, 12/6/07).

2008

January: Bank of America announces it will buy Countrywide.

January: Citigroup announces mortgage portfolio lost $18.1 billion in value.

February: Assistant Secretary David Nason reiterates the urgency of reforms, says “A new regulatory structure for the housing GSEs is essential if these entities are to continue to perform their public mission successfully.” (David Nason, Testimony On Reforming GSE Regulation, Senate Committee On Banking, Housing And Urban Affairs, 2/7/08).

March: Bear Stearns announces it will sell itself to JPMorgan Chase.

March: President Bush calls on Congress to take action and “move forward with reforms on Fannie Mae and Freddie Mac. They need to continue to modernize the FHA, as well as allow State housing agencies to issue tax-free bonds to homeowners to refinance their mortgages.” (President George W. Bush, Remarks To The Economic Club Of New York, New York, NY, 3/14/08).

April: President Bush urges Congress to pass the much needed legislation and “modernize Fannie Mae and Freddie Mac. [There are] constructive things Congress can do that will encourage the housing market to correct quickly by … helping people stay in their homes.” (President George W. Bush, Meeting With Cabinet, the White House, 4/14/08).

May: President Bush issues several pleas to Congress to pass legislation reforming Fannie Mae and Freddie Mac before the situation deteriorates further.

• “Americans are concerned about making their mortgage payments and keeping their homes. Yet Congress has failed to pass legislation I have repeatedly requested to modernize the Federal Housing Administration that will help more families stay in their homes, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance sub-prime loans.” (President George W. Bush, Radio Address, 5/3/08).
• “[T]he government ought to be helping creditworthy people stay in their homes. And one way we can do that – and Congress is making progress on this – is the reform of Fannie Mae and Freddie Mac. That reform will come with a strong, independent regulator.” (President George W. Bush, Meeting With The Secretary Of The Treasury, the White House, 5/19/08).
• “Congress needs to pass legislation to modernize the Federal Housing Administration, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance subprime loans.” (President George W. Bush, Radio Address, 5/31/08).

June: As foreclosure rates continued to rise in the first quarter, the President once again asks Congress to take the necessary measures to address this challenge, saying “we need to pass legislation to reform Fannie Mae and Freddie Mac.” (President George W. Bush, Remarks At Swearing In Ceremony For Secretary Of Housing And Urban Development, Washington, D.C., 6/6/08).

July: Congress heeds the President’s call for action and passes reform of Fannie Mae and Freddie Mac as it becomes clear that the institutions are failing.

Briefing Room The White House
-------------------------------

That is right. 17 times in 2008 alone. Why did the democrats deliberately ignore all of the warnings in a crucial election year?

He still has not listed any reason he voted for Obama. Other than him being black and a democrat. Imagine that folks.

Not only do they not know that the democrats deliberately sank the economy for political expediency, but they cannot come up with one real legit reason they voted for Obama.

They are patronizing racists who have no clue they are pawns of the democrats.

They are all fucking losers.

 

[NYcarbineer]

Palin said that IF Obama was re-elected, that Putin would do what he did. That's an 'if/then' claim that makes Putin's actions conditional on Obama having won, with the further implication that a Romney win would have prevented them.

There is nothing to support that claim.

 

[Theowl32]

Bush had a GOP Congress until the end of 2006. By then the real estate bubble was too far gone to fix.

Yeah, the last time the republicans had the power the unemployment rate was 4.6 percent.

Yeah, it was too far gone.

I guess that is your theory as to why the democrats ignored all of Bush's warnings. I cannot tell. Billy boy claims he does not blame Bush. That....is rich.

You agree with him?

You libs are just all over the fucking place. Yeah, in a crucial election year, the democrats ignored all of Bush's warnings cause the bubble was too far gone and there was nothing they could do about it anyway. Naaaah, they did not want to harpoon the republicans for the white house.

Naaaah, democrats would never do that.

You fucking double talking ignorant hack.

lol, calm down, Grandpa. You tried to blame the Democrats for the real estate bubble/financial crisis, when in fact the GOP was in control during most of the time the crises were developing.

So, let us be clear. According to you the reason the democrats (who controlled House and Senate starting in 2007) ignored all of the warnings, was because.......there was nothing that could be done.

Is that it?

You are not denying they ignored all of the warnings. I mean how could you? Then again I see liberals ignore facts all of the time. I mean, basically every time.

That is not what you are doing. You, are claiming the only reason the democrats IGNORED all of the warnings in 2008 was because there was nothing they could do about it anyway.

 

[NYcarbineer]

Sarah Palin's other prediction about the 2012 election that doesn't seem to get as many threads started by the RWnuts?

She predicted Romney would win. lol