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post #31 of 49 (permalink) Old 06-04-2009, 09:05 AM
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Originally Posted by FeelTheLove View Post
You don't strike me as a particularly well educated man, so I will need to explain this to you slowly. Under standard economic theory, when businesses and consumers stop spending money due to some economic calamity, it is then that the government should step in and run deficits and spend money in the private economy, in order to keep prices up and to keep job decline down. Bush on the other hand, pretty much did everything the opposite of sensible economic theory: tax cuts financed with borrowed money. Tax cuts vs raising taxes in war time. Deregulating the banking system, and appointing every fox he could find to be in charge of every regulatory hen-house in government. And then finally, running deficits instead of surpluses when the economy was booming with all that funny money. The results have been a disaster, and now you, like TNT, want to play pretend, that all these things never happened.

Tell me, do you have any facts on Barney Frank and the other right wing mythology? Or will I have to whip your ass with the facts again? The grasped-straw CRA program was a miniscule part in this, and you know it.
That being the case, why haven't the Dem's had an inquiry? You know damn well there would have been if there were any Republicans involved.

"Negotiating with Obama is like playing chess with a pigeon, the pigeon knocks over all the pieces, on the board and then struts around like it won the game."
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post #32 of 49 (permalink) Old 06-04-2009, 10:35 AM
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Originally Posted by FeelTheLove View Post
The Dems are? The money going to Fannie and Freddy is coming from TARP, which if you weren't so fucking stupid you'd realize was Bush's and Paulson's idea.
So why didn't your boys stop it? Just unsuspecting pawns?
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post #33 of 49 (permalink) Old 06-04-2009, 04:48 PM
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^No, Bear. Then they would actually have to perform.
Let's see, No bank collapses in the past four months, economic trends stabilizing, some banks ready to pay back their loans, Dow up 2000 in the past three months.

Yep, that's do nothing.

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post #34 of 49 (permalink) Old 06-04-2009, 04:51 PM
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Originally Posted by TNTRower View Post
Wow this is rich.

So let me get this straight.

Bush puts us in the shitter how? By spending too much money on things like Bailouts and then borrowing more money.

Obama comes in and says he's gonna fix this by doing what? Spending MORE money and going FURTHER into debt.

Your logic is not...logical.
Your post is so full of fail. Start by thinking about how Bush put us in the shitter. This economy died in 2006-7. That was well before Dems had any control of anything.

Sorry that economics concept still doesn't work for you.

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post #35 of 49 (permalink) Old 06-04-2009, 04:58 PM
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Originally Posted by aardvark View Post
Boy, You Dems are as vicious as I have been told you were.
I think both parties have done some damage on the financials.
$700 bil, promised by Bush to banks (which was wrong) has turned into $$$TRILLIONS$$$! under Obama, and he hasn't even gotten a foothold yet.

No money going to the real folks who need it, but instead bailing out the greed by increasing greed. Small business employs 70% of the people in this country yet we get screwed, and then our grand children get the tab as well as ALL of us with upcoming taxes in any and every form possible known to man , above and beyond fed income tax. That in itself is a dems dream.

Basically greed got us into all of this and more greed won't get us out.
The Big Question Is...
WHY ISN'T ANYONE GOING TO JAIL ???? (maybe a lil payola?) No Politicians, No Bankers, Nobody is looking at jail time for screwing up this country, and I am CERTAIN, laws were broken, and made to cover up misdeeds. A lil treason?

Aardvark (libertarian)
Your question regarding bailout and banks and small business. The reason the banks got money first is that they hold mortgages and notes and investments for everyone, from you and me to small businesses to large corporations. If they failed, back in fall 2008 the discussion of who gets bailed out next would be moot, with an collapsed economy it would not matter. EVERYONE would be tanked. So, you have to fix the most serious damage first and then move out from there. Simple damage control management.

As for why aren't people going to jail? They are. Countrywide's CEO was indicted just today. Madoff was finally indicted after being ignored by the SEC for most of this decade. It is taking time to get the cases made, there were a bunch that COULD have been stopped three years ago but nobody was paying attention then. They are now.

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post #36 of 49 (permalink) Old 06-04-2009, 05:01 PM
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Recipients of campaign contributions from Fannie Mae listed here: OpenSecrets | Update: Fannie Mae and Freddie Mac Invest in Lawmakers - Capital Eye

ATT: AT&T Inc: Recipients | OpenSecrets

AFSCME: American Fedn of State, County & Municipal Employees: Recipients | OpenSecrets

Realtors: National Assn of Realtors: Recipients | OpenSecrets

Goldman Sachs: Goldman Sachs: Recipients | OpenSecrets

IBEW: Intl Brotherhood of Electrical Workers: Recipients | OpenSecrets

AAJ: American Assn for Justice: Recipients | OpenSecrets

NEA: National Education Assn: Recipients | OpenSecrets

Laborers Union: Laborers Union: Recipients | OpenSecrets

SEIU: Service Employees International Union: Recipients | OpenSecrets

Teamsters: Teamsters Union: Recipients | OpenSecrets

Real Estate/Lenders PAC donations/recipient party: Finance, Insurance & Real Estate | OpenSecrets

Read'em and weep.

The biggest problems we are facing right now have to do with George Bush trying to bring more and more power into the executive branch and not go through Congress at all and that’s what I intend to reverse.

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post #37 of 49 (permalink) Old 06-04-2009, 05:14 PM
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Originally Posted by Bruce R. View Post
Denial is a wonderful thing for the Dem’s, nothing bad ever happens on their watch, and they ALWAYS do the right thing… Isn’t that right Fruit of the Loom?

When Bush spent money it was a bad thing, when Owe Bama spends ten times as much, it's perfectly alright..... I have to wonder what your take would be if the situation was reversed....

The sad part is that it's guys like Dodd and Barney Frank (your guys) that set up the fall, and are now looking for excuses to point the finger at Bush. You fit into that group well FTL...
You need to get your numbers correct. Bush ran up $5Trillion in National Dept in Eight years, half of all the Debt of the history of the Republic to date. Since Obama has taken office he has signed a Stimulus Package for around $1T. His annual budget of $3.4T is just 8% higher than Bush's last annual budget and includes the interest for both Bush's TARP and the Stimulus Package.

Using your figures, Obama would have had to have spent $50Trillion to get to your 10X exaggeration.

I would be happy to pin the blame on Dodd and Frank if there was just evidence. Seems that, when all this went down they were minority members of a fully Republican House, Senate and White House. A lovely little video but one that would not stop a MAJORITY member from doing a job that he thought needed done.

But cool obfuscation. Doesn't work but fun to watch it try.

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post #38 of 49 (permalink) Old 06-04-2009, 05:18 PM
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Originally Posted by BlackOpalCDI View Post
and they still pump money in fannie and freddie to this FING DAY you dumb arse dems dont get it and never will just keep shoveling more and more sh**
So, who do you want to take over those loans and who do you want to take the hit for the losses when they fail?

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post #39 of 49 (permalink) Old 06-04-2009, 05:19 PM
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So why didn't your boys stop it? Just unsuspecting pawns?
TARP was a good idea. It had to happen. Sucks that it had to happen, but it had to happen.

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post #40 of 49 (permalink) Old 06-04-2009, 05:21 PM
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^ Good idea poorly overseen and executed by all.
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