Truthmatters
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- May 10, 2007
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Its was in january of 2006.
Guess what that conclusively proves.
The right OWNS this downturn.
this is bullshit, sergeant. bush and both parties' legislators were lapping up the housing-led economy. you keep shoveling this shit about bush trying something with no evidence but his hearsay long after the collapse. nothing but praise came from him publicly as he stroked himself for record homeownership. it only shows the extent that you're willing to shame yourself for your partisan idolatry.
And just a couple months before that Barney Frank explained why He and Chris Dodd were leading the Democratic effort to thwart any new regs or safe guards on the Housing market. Their reason? He insisted that not only was the Housing market sound, but if the Fed created any new safe Guards it would damage the supposedly sound and thriving Housing Market.
He did the same 2 other times prior to 2008. Bush tried TWICE to rein in the Fanny and Freddie disaster and Dodd and Franks rallied enough support to thwart him both times. McCain tried a third time and AGAIN Barney Franks and Chris Dodd stopped the effort.
GO figure.
this is bullshit, sergeant. bush and both parties' legislators were lapping up the housing-led economy. you keep shoveling this shit about bush trying something with no evidence but his hearsay long after the collapse. nothing but praise came from him publicly as he stroked himself for record homeownership. it only shows the extent that you're willing to shame yourself for your partisan idolatry.
And just a couple months before that Barney Frank explained why He and Chris Dodd were leading the Democratic effort to thwart any new regs or safe guards on the Housing market. Their reason? He insisted that not only was the Housing market sound, but if the Fed created any new safe Guards it would damage the supposedly sound and thriving Housing Market.
He did the same 2 other times prior to 2008. Bush tried TWICE to rein in the Fanny and Freddie disaster and Dodd and Franks rallied enough support to thwart him both times. McCain tried a third time and AGAIN Barney Franks and Chris Dodd stopped the effort.
GO figure.
wipe your chin, man.
Antagon, partial disagreement on two points:
Frank did push for a bigger bubble and Dodd did load up on perks from Countrywide and they both did as much as possible to obstruct investigation as they politically could.
Bush should be blamed for appointing Bernancke as chairman of the Fed. Still trying to make the transition to a wealth based economy was needed.
Antagon, partial disagreement on two points:
Frank did push for a bigger bubble and Dodd did load up on perks from Countrywide and they both did as much as possible to obstruct investigation as they politically could.
Bush should be blamed for appointing Bernancke as chairman of the Fed. Still trying to make the transition to a wealth based economy was needed.
i dont think there is such a thing as a wealth based economy. so far, it appears i'm right. a wealth based economy relies on the idea of taking cash out of circulation and snatching up trappings which dont effect the creation of any additional prosperity. it sounds like a formula for an economy coming to a crashing hault, and the 'invested' (spent) funds vanish with the depreciation.
as for barney frank and friends, i'm aware he was hell-bent on bathing in the boom, perhaps under the delusion it would last for ever. my point is that historical revisionists trying to paint themselves out of the momentum of the boom are not credible. shameful even.
And just a couple months before that Barney Frank explained why He and Chris Dodd were leading the Democratic effort to thwart any new regs or safe guards on the Housing market. Their reason? He insisted that not only was the Housing market sound, but if the Fed created any new safe Guards it would damage the supposedly sound and thriving Housing Market.
He did the same 2 other times prior to 2008. Bush tried TWICE to rein in the Fanny and Freddie disaster and Dodd and Franks rallied enough support to thwart him both times. McCain tried a third time and AGAIN Barney Franks and Chris Dodd stopped the effort.
GO figure.
Its was in january of 2006.
Guess what that conclusively proves.
The right OWNS this downturn.
Antagon, partial disagreement on two points:
Frank did push for a bigger bubble and Dodd did load up on perks from Countrywide and they both did as much as possible to obstruct investigation as they politically could.
Bush should be blamed for appointing Bernancke as chairman of the Fed. Still trying to make the transition to a wealth based economy was needed.
i dont think there is such a thing as a wealth based economy. so far, it appears i'm right. a wealth based economy relies on the idea of taking cash out of circulation and snatching up trappings which dont effect the creation of any additional prosperity. it sounds like a formula for an economy coming to a crashing hault, and the 'invested' (spent) funds vanish with the depreciation.
as for barney frank and friends, i'm aware he was hell-bent on bathing in the boom, perhaps under the delusion it would last for ever. my point is that historical revisionists trying to paint themselves out of the momentum of the boom are not credible. shameful even.
And yet we have historical records and the press to prove that TWICE Bush pushed for reform and more regulation and both times Frank and Dodd opposed him and won. We have the same re4cords to prove that McCain did the same and the same two people lead the charge against it. We have press records to PROVE Barney Frank made a statement just months before the crash that not only was the market sound and prosperous but that more regulations would cause it to crash.
Why exactly would he make that speech if, according to you, no one was trying to create more regulations? The delusional one in this thread is you. They have meds for that.
That's been the case so far but automated factories and portfolios are becoming the major source of revenue for everyone as Eurasia deals with its declining labor force.Antagon, partial disagreement on two points:
Frank did push for a bigger bubble and Dodd did load up on perks from Countrywide and they both did as much as possible to obstruct investigation as they politically could.
Bush should be blamed for appointing Bernancke as chairman of the Fed. Still trying to make the transition to a wealth based economy was needed.
i dont think there is such a thing as a wealth based economy. so far, it appears i'm right. a wealth based economy relies on the idea of taking cash out of circulation and snatching up trappings which dont effect the creation of any additional prosperity. it sounds like a formula for an economy coming to a crashing hault, and the 'invested' (spent) funds vanish with the depreciation.
as for barney frank and friends, i'm aware he was hell-bent on bathing in the boom, perhaps under the delusion it would last for ever. my point is that historical revisionists trying to paint themselves out of the momentum of the boom are not credible. shameful even.