Who is responsible for the financial mess
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2008-10-03 9:02 AM |
Expert 1357 Mukwonago, WI | Subject: Who is responsible for the financial mess Always plenty of blame to go around but here's some interesting reading: Democrats Caused the Financial Meltdown - By Alan Caruba |
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2008-10-03 9:04 AM in reply to: #1714964 |
Champion 6056 Menomonee Falls, WI | Subject: RE: Who is responsible for the financial mess I'm going to have to blame it on the rain. Yeah, yeah. Or maybe on the stars that shine above. |
2008-10-03 9:26 AM in reply to: #1714964 |
Pro 3906 St Charles, IL | Subject: RE: Who is responsible for the financial mess A conservtive flack blames Democrats. Wow. How surprising. He also claims Global Warming (his words) is a hoax: "The United Nations International Panel on Climate Change whose reports have been based, not on hard science such as observations of solar activity, but on flawed, often deliberately false computer models, has been the driving factor behind the global warming hoax. What better way to assert political and economic control over the Earth than to create a global crisis?" That the UN poses a threat to the US (see above, the UN is using Global Warming as part of their insidious world domination compaign!!!!!): http://www.anxietycenter.com/un-vs-us.htm And you can buy his pocket guide to Militant Islam for only $7.95. |
2008-10-03 9:36 AM in reply to: #1715103 |
Mountain View, CA | Subject: RE: Who is responsible for the financial mess coredump - 2008-10-03 7:26 AM And you can buy his pocket guide to Militant Islam for only $7.95. I hear they make great stocking stuffers! |
2008-10-03 9:58 AM in reply to: #1715103 |
Expert 1357 Mukwonago, WI | Subject: RE: Who is responsible for the financial mess First, it's the NY Times that reported "Fannie Mae was under increasing pressure from the Clinton Administration to expand mortgage loans..." You know the NY Times. That media outlet who is as friendly to Conservatives as Bill Clinton is to Ken Starr on impeachment day. Second, Dismiss the article as conservative flack but how do you explain the connection between Fannie/Freddie to Obama in the midst of Raines and Jim Johnson being a huge part of his campaign? |
2008-10-03 10:16 AM in reply to: #1715287 |
Expert 783 South Bend, IN | Subject: RE: Who is responsible for the financial mess wildee - 2008-10-03 9:58 AM First, it's the NY Times that reported "Fannie Mae was under increasing pressure from the Clinton Administration to expand mortgage loans..." You know the NY Times. That media outlet who is as friendly to Conservatives as Bill Clinton is to Ken Starr on impeachment day. Second, Dismiss the article as conservative flack but how do you explain the connection between Fannie/Freddie to Obama in the midst of Raines and Jim Johnson being a huge part of his campaign?
It will be brushed under the rug for NObama. Both Freddie and Fannie were money buckets for the Pols, mostly dems, and will end up costing the US taxpayer - Top 50% wage earners mind you - almost a trillion dollars. Couple that if the no-experience a$$clown is elected, we get another $800 billion in new spending (read: giveaways) and no increase in revenue. That makes Bush look darn near intelligent, and that is a difficult task at best.
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2008-10-03 10:18 AM in reply to: #1714964 |
Coach 10487 Boston, MA | Subject: RE: Who is responsible for the financial mess The Clinton Administration and Dems politicians mainly (and some Republicans) certainly are part of the cause in particular when it comes to FN and FM fiasco. But to be fair other players/reasons are part of this mess such as the Fed, home owners, Wall street, Greenspan, Bush Administration (for not pushing more forcefully for a solution), etc. a good explanation can be found here. But even for Obama supporters, it would be naive (at best) to believe their premise that this mess is solely fault of the current administration. That is just deceiving and just a plain lie as a mean to divert attention from them. IMO US citizens should take their partisan jackets off and really look into what really caused this mess, what can be done to fix it (or at least diminish the hit), how much it is really going to cost and be concerned how the current candidate options are going to deal with it because per economists a recession is imminent (or we are already in one depending who you ask), how this will affect their tax/spending and other proposals and how the current bill can extend this recession. IMO American should also think twice if they really want the same party to have control for both: the executive and legislative branches given the current financial market and mess and economic recession (depression) |
2008-10-03 10:19 AM in reply to: #1715287 |
Master 1821 | Subject: RE: Who is responsible for the financial mess wildee - 2008-10-03 10:58 AM First, it's the NY Times that reported "Fannie Mae was under increasing pressure from the Clinton Administration to expand mortgage loans..." You know the NY Times. That media outlet who is as friendly to Conservatives as Bill Clinton is to Ken Starr on impeachment day. Second, Dismiss the article as conservative flack but how do you explain the connection between Fannie/Freddie to Obama in the midst of Raines and Jim Johnson being a huge part of his campaign? both raines and the obama campaign have said that he has never been an advisor to the campaign. the campaign made some calls to raines back in april maybe. and that's it. johnson was heading up obama's VP search committee initially, but then they got rid of him b/c of his ties with F/F. "huge part of his campaign"? hardly. just b/c you say it doesn't make it so. if you want to talk about connections with fannie/freddie, look at mccain's campaign chairman, rick davis, who collected a couple million running a lobbyist operation set up by F/F to work toward further deregulation. and rick davis' lobbying firm was collecting $15K/month from freddy mac as recently as august. |
2008-10-03 10:33 AM in reply to: #1715388 |
Expert 1357 Mukwonago, WI | Subject: RE: Who is responsible for the financial mess IMO American should also think twice if they really want the same party to have control for both: the executive and legislative branches given the current financial market and mess and economic recession (depression) Yes, partinsanship aside, that's an excellent point. |
2008-10-03 10:51 AM in reply to: #1715391 |
Mountain View, CA | Subject: RE: Who is responsible for the financial mess jimbo - 2008-10-03 8:19 AM wildee - 2008-10-03 10:58 AM First, it's the NY Times that reported "Fannie Mae was under increasing pressure from the Clinton Administration to expand mortgage loans..." You know the NY Times. That media outlet who is as friendly to Conservatives as Bill Clinton is to Ken Starr on impeachment day. Second, Dismiss the article as conservative flack but how do you explain the connection between Fannie/Freddie to Obama in the midst of Raines and Jim Johnson being a huge part of his campaign? both raines and the obama campaign have said that he has never been an advisor to the campaign. the campaign made some calls to raines back in april maybe. and that's it. johnson was heading up obama's VP search committee initially, but then they got rid of him b/c of his ties with F/F. "huge part of his campaign"? hardly. just b/c you say it doesn't make it so. if you want to talk about connections with fannie/freddie, look at mccain's campaign chairman, rick davis, who collected a couple million running a lobbyist operation set up by F/F to work toward further deregulation. and rick davis' lobbying firm was collecting $15K/month from freddy mac as recently as august. Also: McCain's Senate chief of staff, Mark Buse, was a Freddie Mac lobbyist in 2003 and 2004. |
2008-10-03 10:57 AM in reply to: #1714964 |
Champion 34263 Chicago | Subject: RE: Who is responsible for the financial mess Another ridiculous partisan finger-pointing thread. This is why people hate election time. You know who I blame? The idiots who bought a $300,000 house on $38,000 combined income and then couldn't pay. |
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