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That's what happened ace, and I didn't vote for the sucker that was asleep at the wheel while this was going on, George W. Bush. That's on you guys.
ROFL! So it's all the fault of BOOOOOSSHHHH? I'll remind you that the Obama administration has already been swindled several times. You're also admitting European governments got swindled as well.
So you're admitting government officials aren't competent to run the economy? Private corporations have all sorts of policies and procedures to avoid getting scammed, but government isn't capable of doing something similar?
Do you really think this is a good argument to defend socialism?
Not "defending" socialism. What I am doing is damning Corporatism. You guys put a "CEO" president into power.
Well..here are the results.
Like em?
Whatever socialists think, capitalism is a lot better than socialism, period. Socialists don't like capitalists because capitalists are smart enough to make it without gov't., socialists are not, they need someone to take care of them. They just miss mommy.If it is the death of socialism then it is the birth of ......what?
yeah...Bush took intel from Clintons days and intel from his days and intel from a dozen other countries....and showed it all to congress who gave him the thumbs up....
And congress was all for the war until the democrats found it to be politically expedient to oppose what they supported..
And when they were asked why they flip flopped they claimed that Bush cherry picked intel.
And when they were asked for proof that he cherry picked intel, they ignored the request and changed the subject to waterboarding and how the CIA lied to congress...and when they were asked for proof of that they said "we have more important things to concentrate on...like the economy"..
Alas...but there is till you...ranting and raving about Bush and hius war crimes.
The democratic party counts on those like you to do their dirty work.
No President has ever been denied a war.
and no president has ever been given the right to declare war without congresses approval.
SO your post ius nothing more than a punt becuase you had nothing worthy to say in response.
Wherever socialists have power they ruin the country. A lesson that is lost of idiots in this country.If it is the death of socialism then it is the birth of ......what?
I never said death of socialism, it is alive and well here in the US. It is the failure of socialism, which is inevitable where ever it is applied.
After having power for 8 years in Spain the socialists have destroyed the economy and burdened the nation with unsustainable debt.
The conservative party won in a landslide.
The war crime of Iraq was committed over and over by Saddam Hussein. We'd be in better shape if our nation weren't so divided down party lines, and Congress authorized President Bush to go after terrorists and those who enabled terrorists. He did, and the Democrats renegged around election time to use the war to take Congress, decimate the economy and blame Bush in order to take away the good he did so their black man could do his marching orders of painting all Republicans (who abolished slavery off the face of the map) as racists.Well...dude. You are talking about a guy who argued that 9/11 was a great thing because it would boost our economy a mere three days after the attack.
"Our economy is so huge that the scenes of destruction, awesome as they are, are only a pinprick...Nobody has a dollar figure for the damage yet, but I would be surprised if the loss is more than 0.1 percent of U.S. wealth -- comparable to the material effects of a major earthquake or hurricane....So the direct economic impact of the attacks will probably not be that bad. And there will, potentially, be two favorable effects."
"...the driving force behind the economic slowdown has been a plunge in business investment. Now, all of a sudden, we need some new office buildings. As I've already indicated, the destruction isn't big compared with the economy, but rebuilding will generate at least some increase in business spending.....Now it seems that we will indeed get a quick burst of public spending"
Reckonings - After The Horror - Op-Ed - NYTimes.com
And?
Had that been done..instead of the war crime of Iraq..we'd be in better shape now. And the WTC would have been rebuilt.
On Sept. 18, 2002, CIA director George Tenet briefed President Bush in the Oval Office on top-secret intelligence that Saddam Hussein did not have weapons of mass destruction, .
Wherever socialists have power they ruin the country. A lesson that is lost of idiots in this country.If it is the death of socialism then it is the birth of ......what?
I never said death of socialism, it is alive and well here in the US. It is the failure of socialism, which is inevitable where ever it is applied.
After having power for 8 years in Spain the socialists have destroyed the economy and burdened the nation with unsustainable debt.
The conservative party won in a landslide.
wait a minute....let me get a better idea of what you do and what you dont know.
The President of the United States is supposed to do what congress is slated to do?
So you do not hold anyone in congress responsible...you hold the man who expoects congress to do their jobs responsible?
Sure the bucjk stops with him...and he accepted like a man (unlike his successor)...
But you say the President was asleep at the wheel but congress is not to blame at all?
Wow.
Me?
I blame congress. They dropped the ball.
Heck, Bush asked Frank "whats up with Freddie...look into it"...and Frank said "Looked into it for ya boss......and all is cool with Freddy...no need to further invewstigate it"
And you blame Bush for that?
Wow.
You guys keep bringing up Freddie and Fannie. They had very little to do with anything. They didn't make the loans. Companies like "Quick Loans" and "Countrywide" did. And they were backed by bigger companies like Goldman Sachs. Around 2006..those toxic loans were DUMPED on Freddie and Fannie.
Is congress responsible for some of that? Sure. But it's very hard to get any sort of regulatory structure going when you have a President that hates regulation. The whole Enron meltdown..and about a million other things should have told Bush to bring back Glass Steagall or something like it.
you do not understand the roll of freddie and fannie.
If you did, you wouldnt have said what you said.
They are a clearing house of sorts. They were the ones who bought those loans..and resold them again.
Do you know what they do before the buy those loans?
They are SUPPOSED to have underwriters review them...every sigle one of them....that is why they couldnt afford to stay afloat without governemnt intervention...it is very expensive to have an underwriter review loans......
So what did they do?
They claimed to have reviewed the loans for viability....and sold them off.
Now...why is that a bad thing?
Becuase people believed that if FM siad they were viable, then they were viable....giving the pourchasers reason to believe they were a worthy investment.
Forget it Sallow.
It is all Bush's fault....whatever floats your boat.
Whatever socialists think, capitalism is a lot better than socialism, period. Socialists don't like capitalists because capitalists are smart enough to make it without gov't., socialists are not, they need someone to take care of them. They just miss mommy.If it is the death of socialism then it is the birth of ......what?
Capitalism can no more be entire answer any more than socialism, certain things work and certain things don't and then not always, dogmatic devotion to any kind of philosophy is a trap.
You guys keep bringing up Freddie and Fannie. They had very little to do with anything. They didn't make the loans. Companies like "Quick Loans" and "Countrywide" did. And they were backed by bigger companies like Goldman Sachs. Around 2006..those toxic loans were DUMPED on Freddie and Fannie.
Is congress responsible for some of that? Sure. But it's very hard to get any sort of regulatory structure going when you have a President that hates regulation. The whole Enron meltdown..and about a million other things should have told Bush to bring back Glass Steagall or something like it.
you do not understand the roll of freddie and fannie.
If you did, you wouldnt have said what you said.
They are a clearing house of sorts. They were the ones who bought those loans..and resold them again.
Do you know what they do before the buy those loans?
They are SUPPOSED to have underwriters review them...every sigle one of them....that is why they couldnt afford to stay afloat without governemnt intervention...it is very expensive to have an underwriter review loans......
So what did they do?
They claimed to have reviewed the loans for viability....and sold them off.
Now...why is that a bad thing?
Becuase people believed that if FM siad they were viable, then they were viable....giving the pourchasers reason to believe they were a worthy investment.
Forget it Sallow.
It is all Bush's fault....whatever floats your boat.
Of course I understand what they do. They weren't involved..initially..in most of the loans that caused all the trouble.
Lord save us from those who want to boil everything down to a bumper sticker slogan.Capitalism can no more be entire answer any more than socialism, certain things work and certain things don't and then not always, dogmatic devotion to any kind of philosophy is a trap.
That is correct.
If you are parasite Capitalism will not work because you have got to work for a living and you can not force your neighbors to support you.
.
Lord save us from those who want to boil everything down to a bumper sticker slogan.Capitalism can no more be entire answer any more than socialism, certain things work and certain things don't and then not always, dogmatic devotion to any kind of philosophy is a trap.
That is correct.
If you are parasite Capitalism will not work because you have got to work for a living and you can not force your neighbors to support you.
.
ROFL! So it's all the fault of BOOOOOSSHHHH? I'll remind you that the Obama administration has already been swindled several times. You're also admitting European governments got swindled as well.
So you're admitting government officials aren't competent to run the economy? Private corporations have all sorts of policies and procedures to avoid getting scammed, but government isn't capable of doing something similar?
Do you really think this is a good argument to defend socialism?
Not "defending" socialism. What I am doing is damning Corporatism. You guys put a "CEO" president into power.
Well..here are the results.
Like em?
Sorry, buddy, but you are trying to deflect the blame from socialist governments for their idiotic policies by claiming corporations swindled them. That excuse doesn't speak well of the competence of these governments. Either they are competent to run an economy, or they aren't. Getting swindled is not an indication of competence. Any CEO in the private sector who got similarly swindled would have his head on the chopping block.
Good then, the idiots tht love socialism can move there and leave this FREE country alone.Wherever socialists have power they ruin the country. A lesson that is lost of idiots in this country.I never said death of socialism, it is alive and well here in the US. It is the failure of socialism, which is inevitable where ever it is applied.
After having power for 8 years in Spain the socialists have destroyed the economy and burdened the nation with unsustainable debt.
The conservative party won in a landslide.
switzerland and the netherlands disagree with you...........
I didn't say socialism ruined a countries economy did I? Learn to read.List of countries by GDP (nominal) per capita - Wikipedia, the free encyclopedia
This is a list of countries from highest to lowest GDP per capita, which is a pretty good estimator of how well an economy is doing. In the top 30 countries, we find:
1. Luxembourg
2. Norway
4. Switzerland
6. Denmark
8. Sweden
9. Netherlands
(10. United States)
12. Ireland
13. Austria
14. Finland
16. Belgium
18. France
19. Germany
20. Iceland (does that count as European?)
22. United Kingdom
23. Italy
25. Spain
29. Greece
30. Slovenia
Non-European countries except the U.S. (and maybe Iceland) have been skipped here. So of the top 30 richest countries in the world, more than half are European countries.
what was that again about how "socialism" always ruins every country it touches?
I didn't say socialism ruined a countries economy did I?
During the debt limit crisis that enthralled the nation just months ago liberal economists like Paul Krugman and leftists on this board proclaimed that increasing the national debt, which currently stands somewhere around $15 trillion--up $2 trillion since the debt limit was increased--was not only necessary but desperately needed for economic growth and improvement.
These people told us that the debt and deficit isn't detrimental at all.
"Its politically fashionable to rant against government spending and demand fiscal responsibility. But right now, increased government spending is just what the doctor ordered, and concerns about the budget deficit should be put on hold." Op-Ed Columnist - Lets Get Fiscal - NYTimes.com
If any of this were true then the socialist countries of Europe would be thriving. In reality unregulated deficit spending and debt is devastating the global market.
What is happening in Europe is a complete refutation of the left's steadfast faith that increased deficit spending during a time of glacial economic growth is what is needed to grow the economy.
Hell, what is happening today in America is a complete refutation of this administration's entire economic agenda.
What happened in Europe, happened everywhere. A small cadre of elite market engineers fleeced everyone..and then got bailed out by the people they fleeced. All captains of the corporatism you guys embrace so heartily.
