Anusol for the monkey.......
POSTED BY: AURaptor
UPDATED: Friday, February 20, 2009 23:38
VIEWED: 10955
PAGE 7 of 20
Time has its own list of 25 who are responsible for the economic melt down. Bush and Clinton both fall somewhere in the middle, right next to each other.
Make of it what you will.
http://www.time.com/time/specials/packages/0,28757,1877351,00.html
It is not those who use the term "Islamo-Fascism" who are sullying the name of Islam; it is the Islamo-Fascists. - Dennis Prager
A concern of the GOP is that the people aren't informed enough to understand their policies, while a fear of the Dems is that the people WILL understand.
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Quote:
Originally posted by AURaptor:
"These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
Choke on it, Chris.
It is not those who use the term "Islamo-Fascism" who are sullying the name of Islam; it is the Islamo-Fascists. - Dennis Prager
A concern of the GOP is that the people aren't informed enough to understand their policies, while a fear of the Dems is that the people WILL understand.
You continue to bring up that quote. When was it said? At the time it was said, wasn't the economy "on fire", even according to YOU?
And what was it your beloved Bushie told us to do?
"Go shopping."
Looks like HE orchestrated it.
Mike
"It is complete now; the hands of time are neatly tied."
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Quote:
Originally posted by SergeantX:
Not to discount Frem's undeniable soothsaying, but really, outside the DC circle jerk, most of America knew it was coming - even if they couldn't bring themselves to say it. When banks are handing out pre-approved credit cards at college keg parties and someone making 40k can get a loan on a $350k house with no money down, well it wasn't too tough to make the call.
What really pisses me off, is that plenty of us had the sense not to sign on the dotted line, and we ought to be rewarded for that good sense. We ought to be picking up houses for a song and laughing at the "upwardly mobile" asshats who thought they had it all figured out, flipping their houses every two years and floating everything. "Letting it ride" is fine if you're willing to take your lumps when you lose. But that's not the way we roll in the good ole USA these days. You takes your chances and when you lose you get taxpayers to write it off. Fuck that.
SergeantX
"Dream a little dream or you can live a little dream. I'd rather live it, cause dreamers always chase but never get it." Aesop Rock
Right you are, Sarge - and instead of reaping any kind of benefit, our reward for NOT being schmucks is that we get to help pay for the schmucks' party. Makes ya wonder why you even tried to do the right thing and live within your means, don't it?
Mike
"It is complete now; the hands of time are neatly tied."
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That's a great list. Brilliant people from all walks and political affiliations. It's a snapshot of the current state of human ethical evolution. Let's face it, right now we blow. 
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Quote:
Originally posted by AURaptor:
Time has its own list of 25 who are responsible for the economic melt down. Bush and Clinton both fall somewhere in the middle, right next to each other.
Make of it what you will.
http://www.time.com/time/specials/packages/0,28757,1877351,00.html
It is not those who use the term "Islamo-Fascism" who are sullying the name of Islam; it is the Islamo-Fascists. - Dennis Prager
A concern of the GOP is that the people aren't informed enough to understand their policies, while a fear of the Dems is that the people WILL understand.
Yes, I would agree that Bush was right in the middle of the meltdown.
Also, let me get this on record: Are you now citing Time Magazine as a legitimate news source? I just want to know for future reference, so if I use them as a source, I don't have to listen to your partisan whining about "oh, they're in the tank for the Dems, they're a left-wing rag, blahbuhdeeblahblahblah..."
So do you accept Time Magazine as an unbiased source?
Also, you dodged Signy's question: Where's the kudos for Clinton's budget surplus? Where's the love for the guy who turned a huge deficit into a surplus? Seems like you would have LOVED that guy, since you're sooooooo "conservative".
Mike
"It is complete now; the hands of time are neatly tied."
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Quote:
Originally posted by Kwicko:
Oddly, this means nothing to me.
Did I fail a pop-culture test or something?
Yes. Short lived remake of bionic woman last year...bionic woman was a spin-off of the Six Million Dollar Man.
http://en.wikipedia.org/wiki/The_Six_Million_Dollar_Man
http://en.wikipedia.org/wiki/The_Bionic_Woman
I was going to mention NIMH too...since we're talking about mice.
H
"Hero. I have come to respect you"- Chrisisall, 2009.
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Quote:Yes, and I have repeatedly pointed to them. You may recall me mentioning Phil Gramm and his lovely (Enron) wife Wendy a time or two or three? Or the unrealistically low interest rates which caused the bubble (Greenspan)? Or greedy, shortsighted banksters (Countrywide)? Or the decision by the SEC (Cox) to allow higher leverage for investment firms, to be audited by.... the investment firms themselves? But no matter which names you pin this mess on, it all comes down to just a few core ideas:
Time has its own list of 25 who are responsible for the economic melt down. Bush and Clinton both fall somewhere in the middle, right next to each other.
Deregulation. Because as anyone knows business can be counted on to regulate itself.
Low interest rates. That could let borrowing go on... forever!
Trickle-down. Because the wealthy will "create jobs" (even if no demand for product is in sight!)
Free trade. Let business be unfettered in its worldwide pursuit of maximum profits.
FYI- the order in which the names appear have nothing to do with how guilty one person is over another.
---------------------------------
Since you won't supply the credit that's due Clinton (I know, it would kill you) let me say it for you: YAAAAAAY for Clinton for turning a deficit into a surplus!
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Quote:
Originally posted by Kwicko:Quote:
Originally posted by AURaptor:
"These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
Choke on it, Chris.
It is not those who use the term "Islamo-Fascism" who are sullying the name of Islam; it is the Islamo-Fascists. - Dennis Prager
A concern of the GOP is that the people aren't informed enough to understand their policies, while a fear of the Dems is that the people WILL understand.
You continue to bring up that quote. When was it said? At the time it was said, wasn't the economy "on fire", even according to YOU?
And what was it your beloved Bushie told us to do?
"Go shopping."
Looks like HE orchestrated it.
Mike
The economy WAS doing better, when Barney Frank said that, but that's besides the point. W and the GOP were trying to solve an issue BEFORE it got to critical mass. The Dems stopped that, and we got to where we are today because of that. Why the hell are you being so dense about this ?
Also, per the Time blame game, I said Bush was in the MIDDLE of the list, as in down the list , from the top, which is where most of the blame is placed. W is down , just behind Bill Clinton, in terms of those responsible.
It is not those who use the term "Islamo-Fascism" who are sullying the name of Islam; it is the Islamo-Fascists. - Dennis Prager
A concern of the GOP is that the people aren't informed enough to understand their policies, while a fear of the Dems is that the people WILL understand.
NOTIFY: N | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:
Originally posted by Kwicko:
Yes, I would agree that Bush was right in the middle of the meltdown.
True. But he had lots of company on both sides. His biggest role in the meltdown came from his failure to properly oversee the system, failure to make his tax cuts permanent, and his bank bailout.
Democrats, mostly Congress, but also Clinton (and not a few Republicans) have their parts to play. It was a Clinton-Democrat plan that made banks give loans to people without the ability to pay. It was the Democrats who stiffled warnings and continued to tout the stability of the system even as late of last August. Democrats in Congress had oversight of the system during the most critcal period leading up to today.
Lets not forget the American people. Not all of them but rather those who took loans without the ability to pay or without understanding what they were doing.
Lots of blame...all sides.
Me, I'm not to blame. I used the Bush years to finish my education and get a good job. I make more then double (almost triple) what I did in 2002. I bought a house I can afford. I have a plan that includes lots of money...not credit...cash (I also have an Excellent credit score). I pay my bills...all my bills. This year I plan to buy a new car since the lease on my '06 Jeep is running out. I saw this coming...planned for it and have plenty of cash available to buy just about anything I want within reason. 0% interest rocks. So me...not to blame.
I remember when I bought my house a couple years back. I sat down, figured out what I could afford and started looking. When I went to the Bank they pre-approved me for $60,000 more then I wanted. I briefly considered that maybe they were smarter and better able to know what I could afford then me. In the end I trusted my own instincts.
Quote:
Also, you dodged Signy's question: Where's the kudos for Clinton's budget surplus? Where's the love for the guy who turned a huge deficit into a surplus? Seems like you would have LOVED that guy, since you're sooooooo "conservative".
Clinton's budget surplus was not there in 1993 or 1994. It came AFTER Republicans took control and enforced financial responsibility on him. They let Bush screw that up, but there is little doubt the Clinton economy was really the Republican Congress economy.
As for the surplus. If you recall the 2000 election it was always a "projected surplus". Bush and Gore both spent that money in their plans in many different ways. Problem with projecting a surplus through 2010 was they spent money that had not come in yet. If you recall the economic problems of 2001 started in 1998 with the tech meltdown, continued into 1999 and 2000 with the first energy spikes, and then we had Sept 11, not to mention the ongoing accounting scandals from 1998-2005, the war, and so on. What I learned from that period was not to spend money until its in the bank. My tax return comes Friday...I wont spend it till the check clears, then I'm getting my new car.
H
"Hero. I have come to respect you"- Chrisisall, 2009.
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Deregulation : Bush and the GOP were actually trying to REGULATE Fannie and Freddie more, back in '03. It was Barney Frank who was keeping that from happening.
Low Interest Rates : Greenspan's recipe for just about everything, it seems. Helped the Clinton economy out a good bit too.
Trickle down : The poor sure as hell never gave anyone a job. Silly to point the finger of blame here.
Free Trade: Yes, maximize profits, I agree 100 % . But make sure the deals are done legally. That's the key point.
It is not those who use the term "Islamo-Fascism" who are sullying the name of Islam; it is the Islamo-Fascists. - Dennis Prager
A concern of the GOP is that the people aren't informed enough to understand their policies, while a fear of the Dems is that the people WILL understand.
NOTIFY: N | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME