Face The Facts: The President Inherited a Recession

[Procrustes Stretched]

BO also helped to cause that meltdown. Sen. McCain co-sponsored S.109 a bill that would have created a new regulator to replace ineffective and powerless OFHEO. We could have reined in the GSEs in 2006 had this bill not been met with a threatened Democrat filibuster. Maybe if BO were not in bed with JP Morgan and Goldman-Sachs he might have been more willing to support regulation of Clinton's unregulated CDOs.

Barack Obama: Campaign Finance/Money - Top Donors - Senator 2006 | OpenSecrets

Barack Obama: Campaign Finance/Money - Top Donors - Senator 2008 | OpenSecrets

Top Contributors to Barack Obama | OpenSecrets


Do you really believe the Democrats "forgot" to limit executive bonuses when they passed the bailout?

Obama was a fresh face, a junior Senator. He had very little power in the US Senate. In fact, a fair criticism would be that Obama, being the politician he is, only used the US Senate as a seat warmer.

You can speak about the donors to Obama's campaign all you want, that is a red herring if ever one swam by.

are you that naive or just stupid? Donors after the fact...by the time Obama had a campaign, the economy was on it's way to a full melt down.


and yes McCain co-sponsored legislation that did not pass.

This bill never became law.

This bill was proposed in a previous session of Congress. Sessions of Congress last two years, and at the end of each session all proposed bills and resolutions that haven't passed are cleared from the books. Members often reintroduce bills that did not come up for debate under a new number in the next session.
S. 190 [109th]: Federal Housing Enterprise Regulatory Reform Act of 2005 (GovTrack.us)

do you even know what the talking point you are using says?

In 2003 and 2005, who was in control of the Congress? Who was President? Who supported the bill? Who supported it and who didn't?

Did Obama kill the bill?

Hey Professor Einstein, do you know what a filibuster is?

How much time were they supposed to spend debating a bill they couldn't get passed because Democrats were going to filibuster?

Here's some more Kool-Aid from mix master Pelosi...

YouTube - Nancy Pelosi, Barney Frank, and Democrats are Clueless on Freddie Mac Fannie Mae and the financial credit crisis/url]

I think you're confused. The Democrats filibustered a bill or were going to (which means they did not)?

How much time did the GOP spend on bills they deemed important? You mention the House. Was Obama in the House? You link to Pelosi. Was Pelosi in charge?


all part of the run of the Red Herring

---

Didn't you claim President Barack Hussein Obama, "also helped to cause that meltdown." of the economy? Yet you offer no evidence to back that claim up. You do link to campaign contributions and stuff about McCain sponsoring bills when the GOP ran the show.

You may not like Obama, and you may point out he received money from people in teh financial industry, but you ignore who those people are, and how those people are no socialists, and how they are part of the conservative agenda to keep corporate America strong.

None of that would support the claim you make.

 

[Procrustes Stretched]

BO also helped to cause that meltdown. Sen. McCain co-sponsored S.109 a bill that would have created a new regulator to replace ineffective and powerless OFHEO. We could have reined in the GSEs in 2006 had this bill not been met with a threatened Democrat filibuster. Maybe if BO were not in bed with JP Morgan and Goldman-Sachs he might have been more willing to support regulation of Clinton's unregulated CDOs.

Barack Obama: Campaign Finance/Money - Top Donors - Senator 2006 | OpenSecrets

Barack Obama: Campaign Finance/Money - Top Donors - Senator 2008 | OpenSecrets

Top Contributors to Barack Obama | OpenSecrets


Do you really believe the Democrats "forgot" to limit executive bonuses when they passed the bailout?

We have been through this before. Do a little more research.

The average contribution to Obama was like a hundred bucks.

Those "big institution" contributions never happened.

For instance, the largest single contribution from "Freddie/Fannie" went to McCain, but "Freddie/Fannie" gave much more money to Obama. How can that be?

The people who worked at "Freddie/Fannie" gave fund raisers and took up collections, then they bundled the money together and contributed it to Obama under the name "Freddie/Fannie", because they all work there.

The company I work at did the same thing. The people bundled their money together, sent it to Obama under the company name, because everyone works here. But the company itself gave money to McCain. That is why both candidates are listed as receiving money from this one company.

So, was it a simple "mistake" or a "lie"?

Are you actually trying to say they don't know where their bread got buttered?

Why do you think these individual donations are made under the company name instead of the individual's names?

Anyone going anywhere in that company attended the fundraisers and contributed handsomely to the candidates of the company's choosing.

The campaign finance laws don't work. Thanks for the update!

You claimed Obama "also helped to cause that meltdown." and your proof is that after the meltdown was happening Obama received campaign contributions from people in the financial industry?

 

[Bfgrn]

What is it about the right in America that makes them lie so blatantly, yet when it comes to truth -- Obama inherited an economic meltdown -- they spin and lie and deny?

BO also helped to cause that meltdown. Sen. McCain co-sponsored S.109 a bill that would have created a new regulator to replace ineffective and powerless OFHEO. We could have reined in the GSEs in 2006 had this bill not been met with a threatened Democrat filibuster. Maybe if BO were not in bed with JP Morgan and Goldman-Sachs he might have been more willing to support regulation of Clinton's unregulated CDOs.

Barack Obama: Campaign Finance/Money - Top Donors - Senator 2006 | OpenSecrets

Barack Obama: Campaign Finance/Money - Top Donors - Senator 2008 | OpenSecrets

Top Contributors to Barack Obama | OpenSecrets


Do you really believe the Democrats "forgot" to limit executive bonuses when they passed the bailout?

TOTAL BULLSHIT!

S.109 was proposed by Chuck Hagel. It was not filibustered by Democrats. It DIED in committee. The Committee on Banking, Housing and Urban Affairs was chaired by a Republican and Republicans held a clear majority of the seats on the committee.

The Republican chairman alone, without any vote could have launched an investigation into the financial trouble of the day that the bill was supposed to address. There was no investigation.

According to the rules the Democrats were powerless to block anything coming out of the committee to be voted on by the Senate but the was no such vote. All it took for the bill to get out of committee was a majority, which was held by Republicans.

 

[KMAN]

HANNITY: "First of all, this president -- you know and I know and everybody knows -- inherited a recession...it was by every definition a recession" (11/6/02)

HANNITY: "Now here's where we are. The inherited Clinton/Gore recession. That's a fact." (5/6/03)

HANNITY: "The president inherited a recession." (7/10/03)

HANNITY: "He got us out of the Clinton-Gore recession." (10/23/03)

HANNITY: "They did inherit the recession. They did inherit the recession. We got out of the recession." (12/12/03)

HANNITY: "And this is the whole point behind this ad, because the president did inherit a recession." (1/6/04)

HANNITY: "Historically in every recovery, because the president rightly did inherit a recession. But historically, the lagging indicator always deals with employment." (1/15/04)

HANNITY: "Congressman Deutsch, maybe you forgot but I'll be glad to remind you, the president did inherit that recession." (1/20/04)

HANNITY: "He did inherit a recession, and we're out of the recession." (2/2/04)

HANNITY: "The president inherited a recession." (2/23/04)

HANNITY: "The president inherited a recession." (3/3/04)

HANNITY: "Well, you know, we're going to show ads, as a matter of fact, in the next segment, Congressman. Thanks for promoting our next segment. What I like about them is everything I've been saying the president ought to do: is focusing in on his positions, on keeping the nation secure in very difficult times, what he's been able to do to the economy after inheriting a very difficult recession, and of course, the economic impact of 9/11." (3/3/04)

HANNITY: "All right. So this is where I view the economic scenario as we head into this election. The president inherited a recession." (3/16/04)

HANNITY: "First of all, we've got to put it into perspective, is that the president inherited a recession." (3/26/04)

HANNITY: "Clearly, we're out of the recession that President Bush inherited." (4/2/04)

HANNITY: "Stop me where I'm wrong. The president inherited a recession, the economic impact of 9/11 was tremendous on the economy, correct?" (4/6/04)

HANNITY: "[President George W. Bush] did inherit a recession." (5/3/04)

HANNITY: "[W]e got [the weak U.S. economy] out of the Clinton-Gore recession." (5/18/04)

HANNITY: "We got out of the Clinton-Gore recession." (5/27/04)

HANNITY: "We got out of the Clinton-Gore recession." (6/4/04)

FACT: "The recession officially began in March of 2001 -- two months after Bush was sworn in -- according to the universally acknowledged arbiter of such things, the National Bureau of Economic Research. And the president, at other times, has said so himself." (Washington Post, 7/1/03)

As Everybody Knows, The President Inherited A Recession



---

What is it about the right in America that makes them lie so blatantly, yet when it comes to truth -- Obama inherited an economic meltdown -- they spin and lie and deny?

I agree... He did inherit some sort of a recession... From the Democratically controlled Congress and George Bush of course... But conveniently the Dems point only to Bush instead of Pelosi and Reid. and unfortunately for the country Obama and all of his lawyer anti-America friends don't have any business sense.

 

[Procrustes Stretched]

What is it about the right in America that makes them lie so blatantly, yet when it comes to truth -- Obama inherited an economic meltdown -- they spin and lie and deny?

BO also helped to cause that meltdown. Sen. McCain co-sponsored S.109 a bill that would have created a new regulator to replace ineffective and powerless OFHEO. We could have reined in the GSEs in 2006 had this bill not been met with a threatened Democrat filibuster. Maybe if BO were not in bed with JP Morgan and Goldman-Sachs he might have been more willing to support regulation of Clinton's unregulated CDOs.

Barack Obama: Campaign Finance/Money - Top Donors - Senator 2006 | OpenSecrets

Barack Obama: Campaign Finance/Money - Top Donors - Senator 2008 | OpenSecrets

Top Contributors to Barack Obama | OpenSecrets


Do you really believe the Democrats "forgot" to limit executive bonuses when they passed the bailout?

TOTAL BULLSHIT!

S.109 was proposed by Chuck Hagel. It was not filibustered by Democrats. It DIED in committee. The Committee on Banking, Housing and Urban Affairs was chaired by a Republican and Republicans held a clear majority of the seats on the committee.

The Republican chairman alone, without any vote could have launched an investigation into the financial trouble of the day that the bill was supposed to address. There was no investigation.

According to the rules the Democrats were powerless to block anything coming out of the committee to be voted on by the Senate but the was no such vote. All it took for the bill to get out of committee was a majority, which was held by Republicans.

the poor monkey has no clue

 

[momonkey]

Obama was a fresh face, a junior Senator. He had very little power in the US Senate. In fact, a fair criticism would be that Obama, being the politician he is, only used the US Senate as a seat warmer.

You can speak about the donors to Obama's campaign all you want, that is a red herring if ever one swam by.

are you that naive or just stupid? Donors after the fact...by the time Obama had a campaign, the economy was on it's way to a full melt down.


and yes McCain co-sponsored legislation that did not pass.

This bill never became law.

do you even know what the talking point you are using says?

In 2003 and 2005, who was in control of the Congress? Who was President? Who supported the bill? Who supported it and who didn't?

Did Obama kill the bill?

Hey Professor Einstein, do you know what a filibuster is?

How much time were they supposed to spend debating a bill they couldn't get passed because Democrats were going to filibuster?

Here's some more Kool-Aid from mix master Pelosi...

YouTube - Nancy Pelosi, Barney Frank, and Democrats are Clueless on Freddie Mac Fannie Mae and the financial credit crisis/url]

I think you're confused. The Democrats filibustered a bill or were going to (which means they did not)?

How much time did the GOP spend on bills they deemed important? You mention the House. Was Obama in the House? You link to Pelosi. Was Pelosi in charge?


all part of the run of the Red Herring

---

Didn't you claim President Barack Hussein Obama, "also helped to cause that meltdown." of the economy? Yet you offer no evidence to back that claim up. You do link to campaign contributions and stuff about McCain sponsoring bills when the GOP ran the show.

You may not like Obama, and you may point out he received money from people in teh financial industry, but you ignore who those people are, and how those people are no socialists, and how they are part of the conservative agenda to keep corporate America strong.

None of that would support the claim you make.

No, no...the GSEs have always been in bed with Democrats, and the the reason it's called S. 109 and not HR. 109 is because it was a Senate Banking Committee bill. BO had a chance to support it in 2005 and again in 2007. He and the rest of the Dems would have none of it.


It comes in about 7:45.

Enjoy...

http://www.youtube.com/watch?v=SCTxZa9kpSI

 

[Procrustes Stretched]

I agree... He did inherit some sort of a recession... From the Democratically controlled Congress and George Bush of course... But conveniently the Dems point only to Bush instead of Pelosi and Reid. and unfortunately for the country Obama and all of his lawyer anti-America friends don't have any business sense.

hey douche, the Democrats were only in power for a year or so before the GOP/Bush/Clinton economic mess started collapsing. Sure Clinton is a Dem, but he was only one part of the mostly GOP shit. The Dem Congress you mention? They didn't come to power until 2006. they had been out since the mid 90s.

 

[Procrustes Stretched]

Hey Professor Einstein, do you know what a filibuster is?

How much time were they supposed to spend debating a bill they couldn't get passed because Democrats were going to filibuster?

Here's some more Kool-Aid from mix master Pelosi...

YouTube - Nancy Pelosi, Barney Frank, and Democrats are Clueless on Freddie Mac Fannie Mae and the financial credit crisis/url]

I think you're confused. The Democrats filibustered a bill or were going to (which means they did not)?

How much time did the GOP spend on bills they deemed important? You mention the House. Was Obama in the House? You link to Pelosi. Was Pelosi in charge?


all part of the run of the Red Herring

---

Didn't you claim President Barack Hussein Obama, "also helped to cause that meltdown." of the economy? Yet you offer no evidence to back that claim up. You do link to campaign contributions and stuff about McCain sponsoring bills when the GOP ran the show.

You may not like Obama, and you may point out he received money from people in teh financial industry, but you ignore who those people are, and how those people are no socialists, and how they are part of the conservative agenda to keep corporate America strong.

None of that would support the claim you make.

No, no...the GSEs have always been in bed with Democrats, and the the reason it's called S. 109 and not HR. 109 is because it was a Senate Banking Committee bill. BO had a chance to support it in 2005 and again in 2007. He and the rest of the Dems would have none of it.


It comes in about 7:45.

Enjoy...

http://www.youtube.com/watch?v=SCTxZa9kpSI

you're all over the place with this one.

eat shit, your wasting my time


and here and other places...

TOTAL BULLSHIT!

[URL="http://northwestlaw.wordpress.com/2008/09/24/mccain-thinks-we-are-idiots-s-109-is-a-red-herring/"]S.109

was proposed by Chuck Hagel. It was not filibustered by Democrats. It DIED in committee. The Committee on Banking, Housing and Urban Affairs was chaired by a Republican and Republicans held a clear majority of the seats on the committee.

The Republican chairman alone, without any vote could have launched an investigation into the financial trouble of the day that the bill was supposed to address. There was no investigation.

According to the rules the Democrats were powerless to block anything coming out of the committee to be voted on by the Senate but the was no such vote. All it took for the bill to get out of committee was a majority, which was held by Republicans.

 

[kyzr]

I agree... Obama did inherit some sort of a recession... From the Democratically controlled Congress and George Bush of course... But conveniently the Dems point only to Bush instead of Pelosi and Reid. and unfortunately for the country Obama and all of his lawyer anti-America friends don't have any business sense.

hey douche, the Democrats were only in power for a year or so before the GOP/Bush/Clinton economic mess started collapsing. Sure Clinton is a Dem, but he was only one part of the mostly GOP shit. The Dem Congress you mention? They didn't come to power until 2006. they had been out since the mid 90s.

You seem to forget that in the senate you don't need a majority, a minority can stop good regulations. Here is proof that Obama helped create the financial [ame=http://www.youtube.com/watch?v=LSqhrHIfJV0]YouTube - Financial Meltdown-Obama opposed regulating Freddie Mac, and Fannie Mae - Stop-Obama.Info.[/ame]

Got anything saying otherwise? Check out the videos on the right.

 

[Procrustes Stretched]

I agree... Obama did inherit some sort of a recession... From the Democratically controlled Congress and George Bush of course... But conveniently the Dems point only to Bush instead of Pelosi and Reid. and unfortunately for the country Obama and all of his lawyer anti-America friends don't have any business sense.

hey douche, the Democrats were only in power for a year or so before the GOP/Bush/Clinton economic mess started collapsing. Sure Clinton is a Dem, but he was only one part of the mostly GOP shit. The Dem Congress you mention? They didn't come to power until 2006. they had been out since the mid 90s.

You seem to forget that in the senate you don't need a majority, a minority can stop good regulations. Here is proof that Obama helped create the financial YouTube - Financial Meltdown-Obama opposed regulating Freddie Mac, and Fannie Mae - Stop-Obama.Info/url]

Got anything saying otherwise? Check out the videos on the right.

you fucking idiot, you didn't even go through the thread and it's only two pages of posts. In your haste to post a con talking point, you didn't realize this was addressed.

stupid, stupid, stupid, fuck.

Obama was a fresh face, a junior Senator. He had very little power in the US Senate. In fact, a fair criticism would be that Obama, being the politician he is, only used the US Senate as a seat warmer.

You can speak about the donors to Obama's campaign all you want, that is a red herring if ever one swam by.

are you that naive or just stupid? Donors after the fact...by the time Obama had a campaign, the economy was on it's way to a full melt down.

and yes McCain co-sponsored legislation that did not pass.

---

In 2003 and 2005, who was in control of the Congress? Who was President? Who supported the bill? Who supported it and who didn't?

Did Obama kill the bill?

---

Yes he did. Were the contributions from individuals in the banking industry or from 'the banks'?

Obama's economic team is very much a part of the system. The system the right built and the Dems maintained when the GOP would be out of power, but who was in charge of regulating the financial industry for the last 20 years?

Pointing out Obama was supported by the very same people who loved Ronald Reagan and Bush -- Wall Street -- is sort of silly. You're using talking points you find on the web without doing any research.

Stop trying to score points and learn how to use what you got. You appear to be bright, with a dim bulb in your socket. Try putting that ideological crap aside and do some homework. Open your mind. Stop using talking points force fed to you by a search engine and people who know how to manipulate lazy minds.


---

I think you're confused. The Democrats filibustered a bill or were going to (which means they did not)?

How much time did the GOP spend on bills they deemed important? You mention the House. Was Obama in the House? You link to Pelosi. Was Pelosi in charge?


all part of the run of the Red Herring

---

Didn't you claim President Barack Hussein Obama, "also helped to cause that meltdown." of the economy? Yet you offer no evidence to back that claim up. You do link to campaign contributions and stuff about McCain sponsoring bills when the GOP ran the show.

You may not like Obama, and you may point out he received money from people in teh financial industry, but you ignore who those people are, and how those people are no socialists, and how they are part of the conservative agenda to keep corporate America strong.

None of that would support the claim you make.

---

and last but not least...

TOTAL BULLSHIT!

[URL="http://northwestlaw.wordpress.com/2008/09/24/mccain-thinks-we-are-idiots-s-109-is-a-red-herring/"]S.109

was proposed by Chuck Hagel. It was not filibustered by Democrats. It DIED in committee. The Committee on Banking, Housing and Urban Affairs was chaired by a Republican and Republicans held a clear majority of the seats on the committee.

The Republican chairman alone, without any vote could have launched an investigation into the financial trouble of the day that the bill was supposed to address. There was no investigation.

According to the rules the Democrats were powerless to block anything coming out of the committee to be voted on by the Senate but the was no such vote. All it took for the bill to get out of committee was a majority, which was held by Republicans.

now fuck off and take your stupid youtube idiocy with you

 

[NYcarbineer]

1) He was a Senator when the economy took a downturn. You try to pretend he is not responsible for anything he did prior to becoming President. When it's clear Congress has just as much influence, if not more, than the President does in Economic matters.

Izzat a joke??

 

[NYcarbineer]

HANNITY: "First of all, this president -- you know and I know and everybody knows -- inherited a recession...it was by every definition a recession" (11/6/02)

HANNITY: "Now here's where we are. The inherited Clinton/Gore recession. That's a fact." (5/6/03)

HANNITY: "The president inherited a recession." (7/10/03)

HANNITY: "He got us out of the Clinton-Gore recession." (10/23/03)

HANNITY: "They did inherit the recession. They did inherit the recession. We got out of the recession." (12/12/03)

HANNITY: "And this is the whole point behind this ad, because the president did inherit a recession." (1/6/04)

HANNITY: "Historically in every recovery, because the president rightly did inherit a recession. But historically, the lagging indicator always deals with employment." (1/15/04)

HANNITY: "Congressman Deutsch, maybe you forgot but I'll be glad to remind you, the president did inherit that recession." (1/20/04)

HANNITY: "He did inherit a recession, and we're out of the recession." (2/2/04)

HANNITY: "The president inherited a recession." (2/23/04)

HANNITY: "The president inherited a recession." (3/3/04)

HANNITY: "Well, you know, we're going to show ads, as a matter of fact, in the next segment, Congressman. Thanks for promoting our next segment. What I like about them is everything I've been saying the president ought to do: is focusing in on his positions, on keeping the nation secure in very difficult times, what he's been able to do to the economy after inheriting a very difficult recession, and of course, the economic impact of 9/11." (3/3/04)

HANNITY: "All right. So this is where I view the economic scenario as we head into this election. The president inherited a recession." (3/16/04)

HANNITY: "First of all, we've got to put it into perspective, is that the president inherited a recession." (3/26/04)

HANNITY: "Clearly, we're out of the recession that President Bush inherited." (4/2/04)

HANNITY: "Stop me where I'm wrong. The president inherited a recession, the economic impact of 9/11 was tremendous on the economy, correct?" (4/6/04)

HANNITY: "[President George W. Bush] did inherit a recession." (5/3/04)

HANNITY: "[W]e got [the weak U.S. economy] out of the Clinton-Gore recession." (5/18/04)

HANNITY: "We got out of the Clinton-Gore recession." (5/27/04)

HANNITY: "We got out of the Clinton-Gore recession." (6/4/04)

FACT: "The recession officially began in March of 2001 -- two months after Bush was sworn in -- according to the universally acknowledged arbiter of such things, the National Bureau of Economic Research. And the president, at other times, has said so himself." (Washington Post, 7/1/03)

As Everybody Knows, The President Inherited A Recession



---

What is it about the right in America that makes them lie so blatantly, yet when it comes to truth -- Obama inherited an economic meltdown -- they spin and lie and deny?

I agree... He did inherit some sort of a recession... From the Democratically controlled Congress and George Bush of course... But conveniently the Dems point only to Bush instead of Pelosi and Reid. and unfortunately for the country Obama and all of his lawyer anti-America friends don't have any business sense.

And what exactly should Pelosi and Reid have done, that Bush would have signed that would have avoided recession?

Be specific and prove how it would have in fact avoided recession.

 

[Procrustes Stretched]

1) He was a Senator when the economy took a downturn. You try to pretend he is not responsible for anything he did prior to becoming President. When it's clear Congress has just as much influence, if not more, than the President does in Economic matters.

Izzat a joke??

Obama wasn't even in the Senate yet when the economy started it's free fall.

He came in as it all started to hit the fan. Shame on Obama for not cleaning up a conservative mess as a junior Senator with barely a year in office. Shame on him.

 

[Avatar4321]

1) He was a Senator when the economy took a downturn. You try to pretend he is not responsible for anything he did prior to becoming President. When it's clear Congress has just as much influence, if not more, than the President does in Economic matters.

Izzat a joke??

Nope. You see, in the United States we have 3 branches of government. And while the President has executive power, it's Congress that controls taxing, spending, and regulations.

Are you honestly going to try to tell me that Congress has no responsibility for economic downturn in this country?

 

[Avatar4321]

1) He was a Senator when the economy took a downturn. You try to pretend he is not responsible for anything he did prior to becoming President. When it's clear Congress has just as much influence, if not more, than the President does in Economic matters.

Izzat a joke??

Obama wasn't even in the Senate yet when the economy started it's free fall.

He came in as it all started to hit the fan. Shame on Obama for not cleaning up a conservative mess as a junior Senator with barely a year in office. Shame on him.

He wasnt in the Senate during September of 2008? When exactly are you suggesting that he became a Senator? Because last time i checked, 2005 was earlier than 2008.

 

[Flopper]

We can blame a lot of things on Bush but I don't the recession is one of them. Did his actions contribute to the recession? Absolutely. But the seeds of this recession started in the Regan years when there was over deregulation of the financial sector. But it wasn't just the Republicans. Clinton bought into it big time. And of course let's not leave Congress out. The failure to finance the wars had their impact. Finally there is the American public who absolutely fell in love with Wall Street as their retirement values when through the roof. Didn't hear them crying for regulation.

 

[NYcarbineer]

Izzat a joke??

Obama wasn't even in the Senate yet when the economy started it's free fall.

He came in as it all started to hit the fan. Shame on Obama for not cleaning up a conservative mess as a junior Senator with barely a year in office. Shame on him.

He wasnt in the Senate during September of 2008? When exactly are you suggesting that he became a Senator? Because last time i checked, 2005 was earlier than 2008.

Yeah, well, John McCain was in the Senate too, can we blame 1/2 the recession on him?

 

[Procrustes Stretched]

1) He was a Senator when the economy took a downturn. You try to pretend he is not responsible for anything he did prior to becoming President. When it's clear Congress has just as much influence, if not more, than the President does in Economic matters.

Izzat a joke??

Nope. You see, in the United States we have 3 branches of government. And while the President has executive power, it's Congress that controls taxing, spending, and regulations.

Are you honestly going to try to tell me that Congress has no responsibility for economic downturn in this country?

I doubt he is. I believe he is pointing out what most others have---Obama did not cause the financial meltdown as a junior US Senator who entered the Senate in what---2006?


right wing lunatics start talking about bills introduced in 2003 and 2005.

Obama was a US Senator. That does not equal he is responsible for everything that happened either while he was in the Senate or not yet in it.

 

[Procrustes Stretched]

Izzat a joke??

Obama wasn't even in the Senate yet when the economy started it's free fall.

He came in as it all started to hit the fan. Shame on Obama for not cleaning up a conservative mess as a junior Senator with barely a year in office. Shame on him.

He wasnt in the Senate during September of 2008? When exactly are you suggesting that he became a Senator? Because last time i checked, 2005 was earlier than 2008.

Sept. 2008? Is that what caused the meltdown? actions taken or not taken in 2008?

 

[Procrustes Stretched]

We can blame a lot of things on Bush but I don't the recession is one of them. Did his actions contribute to the recession? Absolutely. But the seeds of this recession started in the Regan years when there was over deregulation of the financial sector. But it wasn't just the Republicans. Clinton bought into it big time. And of course let's not leave Congress out. The failure to finance the wars had their impact. Finally there is the American public who absolutely fell in love with Wall Street as their retirement values when through the roof. Didn't hear them crying for regulation.

thank you. this has been covered. the wingnuts refuse to acknowledge it.