What did GWB do to cause the great recession? DJIA crash? Financial meltdown?

[healthmyths]

Did the dot.com bust losing $5 trillion in market values Occur?
Did people lose $5 trillion and thus are reducing their tax bill every year by $166 billion?
Did 9/11 happen cost $2 trillion in real/market losses, 3,000 deaths,18,000 businesses, airlines closed 3 days wall street 10 days cost in tax dollars for next 30 year $66 billion in tax revenue?
Did the worst hurricanes in history occur from 2003 to 2008 costing $1 trillion, 3,000 lives, 400,000 jobs and every year another $33 billion in tax write offs for losses?

WHO among you can tell me THOSE EVENTS did NOT occur???

 

[EriktheRed]

For one thing he launched two unnecessary and enormously costly military engagements at the same time as he lowered taxes on the wealthy, which, according to every economic expert who has commented on it, were unprecedented and potentially ruinous actions.

The second miltary engagement was an unnecessary fuckup, but I wouldn't say that about the first.

Not raising taxes to pay for either was obviously a crap move, though. Especially considering that military action is supposed to be one of the few legit functions of government, according to cons. Just goes to show far off the deep end they've gone with their anti-tax stance.

 

[Listening]

Deregulation, cronyism, and outright incompetence in all things....typical Pub, dupes....

Is your vocabulary really that limited ?

Please see a doctor about getting your brain connected to your mouth.

It's gonna go a long way in convincing people you should not be put down.

 

[Listening]

Did the dot.com bust losing $5 trillion in market values Occur?
Did people lose $5 trillion and thus are reducing their tax bill every year by $166 billion?
Did 9/11 happen cost $2 trillion in real/market losses, 3,000 deaths,18,000 businesses, airlines closed 3 days wall street 10 days cost in tax dollars for next 30 year $66 billion in tax revenue?
Did the worst hurricanes in history occur from 2003 to 2008 costing $1 trillion, 3,000 lives, 400,000 jobs and every year another $33 billion in tax write offs for losses?

WHO among you can tell me THOSE EVENTS did NOT occur???

I dug this one in response to Sir Spamelot's (Chris) recent spam-piddle moment. I was just wondering how the conversation went.

I am sure Chris won't join this as it might be a bit beyond his paygrade.

 

[Intense]

[ame=http://www.youtube.com/watch?v=Lr1M1T2Y314]How The Democrats Caused The Financial Crisis: Starring Bill Clinton's HUD Secretary Andrew Cuomo And Barack Obama; With Special Guest Appearances By Bill Clinton And Jimmy Carter - YouTube[/ame]
How The Democrats Caused The Financial Crisis: Starring Bill Clinton's HUD Secretary Andrew Cuomo And

 

[Intense]

[ame=http://www.youtube.com/watch?v=IXeBGYVTP0o]Mark Levin Explains the Housing Crisis - Part 1 of 2 - YouTube[/ame]
Mark Levin Explains the Housing Crisis - Part 1 of 2



[ame=http://www.youtube.com/watch?v=9OAbXn9mQn0]Mark Levin Explains the Housing Crisis - Part 2 of 2 - YouTube[/ame]
Mark Levin Explains the Housing Crisis - Part 2 of 2

 

[candycorn]

I am so sick of hearing the libs blaming all of this on W
OK Libs lets hear it
what did GWB do to cause any of it?

Deregulation.

But that was a continuum of the past two decades. In truth, politics played a minor roll in this. Bush was not much at fault.

I'll agree with that. He didn't do anything to stop it...BUT...no POTUS in that chair likely would have done anything either.

Much like the gas prices that will injure Obama's chances of re-election, it wasn't Bush's fault but it happened on his watch. So he gets the blame; rightly or wrongly.

Good post.

 

[candycorn]

For one thing he launched two unnecessary and enormously costly military engagements at the same time as he lowered taxes on the wealthy, which, according to every economic expert who has commented on it, were unprecedented and potentially ruinous actions.

The second miltary engagement was an unnecessary fuckup, but I wouldn't say that about the first.

Not raising taxes to pay for either was obviously a crap move, though. Especially considering that military action is supposed to be one of the few legit functions of government, according to cons. Just goes to show far off the deep end they've gone with their anti-tax stance.

Sums it up nicely. Thanks.

 

[healthmyths]

IDIOTS!! "second military" WAS a continuation of DESERT STORM!
WERE NONE of you aware of what was signed by Saddam as "1991 CEASE FIRE"!
Which everyone KNOWS means "NO more military action"...
BUT when Saddam broke the 1991 CEASE FIRE "Desert Storm" continued!

PLEASE TELL ME this was NOT THE CASE!!!

 

[rdean]

I am so sick of hearing the libs blaming all of this on W
OK Libs lets hear it
what did GWB do to cause any of it?

Bush AND the Republicans. Why does such recent history need to be explained again and again. Isn't the war in Iraq, the gigantic deficit, the millions unemployed, and all the other fiascoes enough evidence? How much more do you need?

 

[rdean]

IDIOTS!! "second military" WAS a continuation of DESERT STORM!
WERE NONE of you aware of what was signed by Saddam as "1991 CEASE FIRE"!
Which everyone KNOWS means "NO more military action"...
BUT when Saddam broke the 1991 CEASE FIRE "Desert Storm" continued!

PLEASE TELL ME this was NOT THE CASE!!!

It was not the case.

Saddam was a defeated dictator. His country's economy was in shambles. They made nothing of any value. They were under sanctions. They were trading oil for food and medical supplies.
Bush Sr. was an officer during WWII. Head of the CIA. Vice President. Then President. He knew what Saddam had. He stopped at the border for a reason.
A man with that background wouldn't stop keeping an eye on a defeated enemy.
Sometimes, the truth is the truth. In light of those facts, right wing conspiracy theories about Saddam are idiotic.
Bush Jr. was after "oil" and "glory". He got neither.

 

[Intense]

I am so sick of hearing the libs blaming all of this on W
OK Libs lets hear it
what did GWB do to cause any of it?

Bush AND the Republicans. Why does such recent history need to be explained again and again. Isn't the war in Iraq, the gigantic deficit, the millions unemployed, and all the other fiascoes enough evidence? How much more do you need?

Directory Network Date: 3/20/2012 8:57:39 AM

AMERICAN INSTITUTE FOR SOCIAL JUSTICE (AISJ)

7398th Street SE

Washington, DC
20003

Phone :
(202) 546-3499
Fax : (202) 546-2483

Email :[email protected]
URL :Free Online Personals | Flight Johannesburg | High School Alumni Websites at Aisj.org


Trains community organizers who can “transform poor communities” by agitating for increased government spending on city services, drug interdiction, crime prevention, housing, public-sector jobs, access to healthcare, and public schools
Closely tied to ACORN



The American Institute for Social Justice (AISJ) is one of four national affiliates of the community organization ACORN. (The other three are the ACORN Housing Corporation, the ACORN Institute, and Project Vote.) Founded in 1972 as the Arkansas Institute for Social Justice (the name change took place in the late 1990s), AISJ today describes itself as a “provider of training and technical assistance in organizing principles and methods, and a center for research and public policy development on issues of concern to low and moderate income people.” Its goal is to produce skilled community organizers who can “transform poor communities” by agitating for increased government spending on city services, drug interdiction, crime prevention, housing, public-sector jobs, access to healthcare, and public schools. AISJ trainings include on-site consultations, small- and large-group sessions, and one-day or weekend seminars. The tactics taught at these forums are modeled on the organizing blueprint developed by the late Saul Alinsky.

Between 1993 and 2005, AISJ collected $32,497,575 in contributions from individuals and foundations nationwide. The organization's leading donors in recent years have included the Rockefeller Brothers Fund, the Open Society Institute, the Rockefeller Family Fund, the William and Flora Hewlett Foundation, the Wallace Global Fund, the Annie E. Casey Foundation, the Arca Foundation, the JEHT Foundation, the Bauman Family Foundation, the Charles Stewart Mott Foundation, the Sandler Family Supporting Foundation, the Carnegie Corporation of New York, the Ford Foundation, and the Tides Foundation.

AISJ has also received numerous large grants from the federal government, including $17,665 in 2000; $100,000 in 2001; $170,000 in 2002; $70,000 in 2003; $132,000 in 2004; $107,488 in 2005; and $53,870 in 2006.

AISJ, ACORN, and ACORN's other affiliates and front groups routinely funnel large sums of money to and from one another's coffers. Between 2000 and 2008, for instance, AISJ paid at least $8,563,303 to ACORN (including a $4,952,288 grant in 2006), plus another $258,593 to ACORN Associates Inc. and $362,464 to Citizens' Services Inc. (also an ACORN affiliate). Conversely, AISJ was on the receiving end of nearly $4 million from the ACORN Housing Corporation between 2000 and 2006. According to Matthew Vadum, a senior editor with the Capital Research Center:

“The money flowing to AISJ from ACORN Housing should be a huge red flag for investigators because almost all the federal money that the ACORN network receives goes into its housing affiliate. So it’s entirely possible that when money was being transferred to the national ACORN organization from AISJ, taxpayer money designated for nonpartisan purposes might have been used for blatantly partisan purposes. These transfers are extremely suspicious. This is the type of financial activity that we see with organized crime and it should be investigated.”

The ACORN-AISJ alliance was also in evidence in 2002, when the latter made a $9,637 loan to another ACORN affiliate, SEIU Local 100, based at 1024 Elysian Fields Avenue in New Orleans, the official address of many ACORN allies and front groups.

http://www.discoverthenetworks.org/printgroupProfile.asp?grpid=7581

One of Many ACORN Spawn Affiliates.

 

[JRK]

For one thing he launched two unnecessary and enormously costly military engagements at the same time as he lowered taxes on the wealthy, which, according to every economic expert who has commented on it, were unprecedented and potentially ruinous actions.

The second miltary engagement was an unnecessary fuckup, but I wouldn't say that about the first.

Not raising taxes to pay for either was obviously a crap move, though. Especially considering that military action is supposed to be one of the few legit functions of government, according to cons. Just goes to show far off the deep end they've gone with their anti-tax stance.

GWB started neither war
The events of 9-11 as well as the events in or about 1-28-2003 when Blix told the UN that Saddam had WMDS, anthrax as well as other banished items still un accounted for along with the support of the US people and congress caused both wars

Not providing additional funding for the war left us 163 billion dollars in defict in 2007, and yes I do feel a small added vat tax would have been the right thing to do, it had little to add to our debt, espicially scince the left took congress in 07 and the white house on 09 and we have added trillions with Iraq won and over

 

[whitehall]

One thing you have to be aware of is that Bush had to deal with a hostile democrat majority in both houses of congress for his last two years. Barney Frank's committee had the responsibility for supervising Fannie Mae when it collapsed. Frank never warned Americans or the President that Fannie was on the verge of collapse and in fact he said Fannie Mae was fine. What happened? Did democrats set up the biggest October surprise in history, the collapse of Fannie Mae , in order to make political points in the upcoming election? I'd bet on it.

 

[Too Tall]

The DOJ run by Cox under Bush put off implimenting the protections in the Gramm leach Bliely act until righ before they left office.

The bill Bill Clinton signed had broker definitions that would have made it so the banks had to hire TRAINED brokers

Without the protections in the law being implimented the brokers could be any smuck the banks hired and then trained their own way.

They gamed the system so that the banks could roll shitbag loans into securities and then sell them off to unsupecting buyers while their "brokers" would have no idea what was going on.

Cox was never in the DOJ. He was chairman of the SEC and was unanimously confirmed by the US Senate.

 

[JRK]

If one makes a loan on false info or trys to aquire one doing the same, laws were broke.

No-one but the greedy caused the bubble

Bank fraud is what one would call the issue, thats were it began

GWB had nothing to do with that, no democrat or GOP politician did

You cannot legeslate morality

 

[Too Tall]

I am so sick of hearing the libs blaming all of this on W
OK Libs lets hear it
what did GWB do to cause any of it?

For one thing he launched two unnecessary and enormously costly military engagements at the same time as he lowered taxes on the wealthy, which, according to every economic expert who has commented on it, were unprecedented and potentially ruinous actions.

I am an economics dummy but there is no doubt in my mind that George W. Bush was installed as President for the express purpose of putting the final touches on Reaganomics and disempowering the middle class, which is exactly what he did. If our democratic republic manages to survive the deliberate and malicious damage done to it by greedy financial elitists who foisted Ronald Reagan and George W. Bush on us it will take many years to fully recover.

George W. Bush is a criminal. If rather than acting to protect Bush, Obama had appointed a motivated prosecutor and as much energy and resources were expended on investigating the Bush Administration as were wasted on investigating the Clinton blowjob, I have no doubt that Bush along with Cheney, Libby, Gonzales, Addington, Yu, Ashcroft, Wolfowitz, Rumsfeld, Rice and several other conspirators would be serving long prison terms.

In the final analysis, George W. Bush has inflicted more damage on the United States than Osama bin Laden and his entire following has done. And that is not a rhetorical exaggeration

Obama has surpassed the amount Bush added to the National Debt in 8 years today. And it only took him 38 months to do it.

 

[JRK]

Mike K congress declared both wars
The defict in 2007, the last GOP budget was 163 billion
its that simple and

9-11 was an act of war
and
Hans Blix told the world in Jan of 2003 that Saddam had WMDs, anthrax as well as other "stuff" as mandated by the UN he was suppose to have destroyed, this as congress had mandated including 21 Dems was the reason for war # 2

 

[Vidi]

If one makes a loan on false info or trys to aquire one doing the same, laws were broke.

No-one but the greedy caused the bubble

Bank fraud is what one would call the issue, thats were it began

GWB had nothing to do with that, no democrat or GOP politician did

You cannot legeslate morality

actually, the laws were removed to allow for crazy loans to be made.

This caused fly by night companies to constantly call people telling them to refinance their homes and use the equity to invest or spend, spend , spend.

it got so bad that the national do not call list more than tripled in size.

The government backed the subprime loans, so the banks had NO RISK at all.

Heres the rub...if it wasnt subprime, the government didnt back it, so the bank took risks. So the banksters pushed as many loans as possible into the subprime market, even for those with better but not perfect credit.

Whats worse is they werent really loaning money. They were given the power to print their own money by simply making an entry in their computers. So again, no risk, because they actually gave out nothing.

Eventually, somebody wanted actual money and there was nothing there to pay them and the whole house of cards came tumbling down.

Its happening again, right now, with student loan debt. This recession is the perfect storm for that type of lending. Retrain! Get a better job! Heres all this debt, but there isnt really a job waiting after graduation. A huge debt is forming.



Debt is the slavery of the free.
Publilius Syrus

 

[rdean]

Mike K congress declared both wars
The defict in 2007, the last GOP budget was 163 billion
its that simple and

9-11 was an act of war
and
Hans Blix told the world in Jan of 2003 that Saddam had WMDs, anthrax as well as other "stuff" as mandated by the UN he was suppose to have destroyed, this as congress had mandated including 21 Dems was the reason for war # 2

Only 21? That's not many. That's probably all the conservative Blue Dog Democrats.

But the facts the right wing choose to ignore are these:

Saddam was a defeated dictator. His country's economy was in shambles. They made nothing of any value. They were under sanctions. They were trading oil for food and medical supplies.
Bush Sr. was an officer during WWII. Head of the CIA. Vice President. Then President. He knew what Saddam had. He stopped at the border for a reason.
A man with that background wouldn't stop keeping an eye on a defeated enemy.
Sometimes, the truth is the truth. In light of those facts, right wing conspiracy theories about Saddam are idiotic.
Bush Jr. was after "oil" and "glory". He got neither.