GOP knows that Obama will win a gain in 2012! GOP have gone chicken and knows that the battle is al (805)
mr1983: Of course its fair to blame government. Recessions happen. They can't be avoided. But government policy can effect the severity of recessions. And taxpayers in America and elsewhere will be paying for a lot of these mistakes for a long time.
I do not feel it's fair to solely blame the government. Hindsight is a perfect science and practices within the financial sector, as well as the increasing debt of the population are contributing factors.
One can blame the government for deregulation, then one can blame the real estate agent for inflating prices, then one could blame the banker for issuing said loans.
But who signed the papers?
Class5: I do not feel it's fair to solely blame the government. Hindsight is a perfect science and practices within the financial sector, as well as the increasing debt of the population are contributing factors.
One can blame the government for deregulation, then one can blame the real estate agent for inflating prices, then one could blame the banker for issuing said loans.
But who signed the papers?
One can blame the government for deregulation, then one can blame the real estate agent for inflating prices, then one could blame the banker for issuing said loans.
But who signed the papers?
Furthermore, apportioning blame is hardly constructive now, for it is done.
Class5: I do not feel it's fair to solely blame the government. Hindsight is a perfect science and practices within the financial sector, as well as the increasing debt of the population are contributing factors.
One can blame the government for deregulation, then one can blame the real estate agent for inflating prices, then one could blame the banker for issuing said loans.
But who signed the papers?
One can blame the government for deregulation, then one can blame the real estate agent for inflating prices, then one could blame the banker for issuing said loans.
But who signed the papers?
But the question should be not who signed the papers but who created such a reckless environment in which these kinds of papers could even be offered to be signed.
It is a frailty of human nature where if you offer something that seems to good to be true, it will still be accepted.
And you must remember that the people who signed these papers are suffering as a result. But people who didn't sign these papers are also suffering. Our children will be paying for these mistakes too. Is it fair to have them pay because we couldn't regulate ourselves?
mr1983: I will research it a bit. I don't have a lot of knowledge of this area. But it still doesn't answer the question I asked. How many sub-prime loans were covered by this act? I think the answer will be very little. So this act can't be in any blamed for the housing crisis.
Now the repeal of the Glass-Steagall Act which happened under Clinton is something you should be pointing to if you want to discredit Clinton. But then that was a free market policy and you don't like to attack the free market now, do you??
You're really making the best argument against yourself!Now the repeal of the Glass-Steagall Act which happened under Clinton is something you should be pointing to if you want to discredit Clinton. But then that was a free market policy and you don't like to attack the free market now, do you??
BTW,standing in for the Swede?
mr1983: The "Clinton" recession?? I'm lost.
Look I agree recessions happen! They realistically can't be avoided. But they can't be just made up!!
Look I agree recessions happen! They realistically can't be avoided. But they can't be just made up!!
mr1983: ...I'm lost
mr1983: But the question should be not who signed the papers but who created such a reckless environment in which these kinds of papers could even be offered to be signed.
It is a frailty of human nature where if you offer something that seems to good to be true, it will still be accepted.
And you must remember that the people who signed these papers are suffering as a result. But people who didn't sign these papers are also suffering. Our children will be paying for these mistakes too. Is it fair to have them pay because we couldn't regulate ourselves?
It is a frailty of human nature where if you offer something that seems to good to be true, it will still be accepted.
And you must remember that the people who signed these papers are suffering as a result. But people who didn't sign these papers are also suffering. Our children will be paying for these mistakes too. Is it fair to have them pay because we couldn't regulate ourselves?
Again, hindsight is an exact science. No-one predicted, or for that matter, wanted a recession did they?
mr1983: I will research it a bit. I don't have a lot of knowledge of this area. But it still doesn't answer the question I asked. How many sub-prime loans were covered by this act? I think the answer will be very little. So this act can't be in any blamed for the housing crisis.
Now the repeal of the Glass-Steagall Act which happened under Clinton is something you should be pointing to if you want to discredit Clinton. But then that was a free market policy and you don't like to attack the free market now, do you??
You wouldn't know a Free Market if it jumped up and kicked you!Now the repeal of the Glass-Steagall Act which happened under Clinton is something you should be pointing to if you want to discredit Clinton. But then that was a free market policy and you don't like to attack the free market now, do you??
Conrad73: You wouldn't know a Free Market if it jumped up and kicked you!
It definitely is not what Bush said he had to save.
reb56: both sides ran up the tab,now its a mess,they wont cut up credit card,even bush knew we d have to tax the rich,to get out of debt,they will when dems get congress back in 2012,or the last days are on us.
Exactly! The best way of getting rid of the current situation and never ending huge deficits not possible to pay back, is taxing the rich more fair. As long as rich America does not pay back more the country they claim they love... deficits getting bigger and there will be lack of money taking care of important problems in America.
ttom500: I am not saying Obama is a dictator. I use my words more carefully than that. Saying that he is very liberal and likely a Socialist.
That he borrowed from Russia the post break up economic model of Putin/Medvedev. To? Make crisis. In fact he called....the debt crisis.....'a manufactured crisis.'
But he ain't investigating to find out who manufactured it, it he?
If Obama were oppressive dictator, NATO would be launching cruise missile strikes and bombing runs into the US. We all know how much NATO and Europe stands up for freedom. liberty and human rights. One just has to ask Libyans on that.
So since Obama has pasted the European smell test......he cannot be a oppressive dictator.
Like the Chamber of Commerce is sponsoring alQeada Terrorist attacks in the US.....to bomb and blow up malls, banks, and other Chamber of Commerce business......LOL. I know it is for the insurance money. I know the Chamber sent alAlaki his bomb maker to make printer cartridge bombs....just increase sales of printer cartridges.
That he borrowed from Russia the post break up economic model of Putin/Medvedev. To? Make crisis. In fact he called....the debt crisis.....'a manufactured crisis.'
But he ain't investigating to find out who manufactured it, it he?
If Obama were oppressive dictator, NATO would be launching cruise missile strikes and bombing runs into the US. We all know how much NATO and Europe stands up for freedom. liberty and human rights. One just has to ask Libyans on that.
So since Obama has pasted the European smell test......he cannot be a oppressive dictator.
Like the Chamber of Commerce is sponsoring alQeada Terrorist attacks in the US.....to bomb and blow up malls, banks, and other Chamber of Commerce business......LOL. I know it is for the insurance money. I know the Chamber sent alAlaki his bomb maker to make printer cartridge bombs....just increase sales of printer cartridges.
Interesting "Facts" you are bringing in regarding Chamber of Commerce mister TT! Thank you because you are taking care of your national duty with Honor and revealing some very VERY suspicious activities with in the United States of America and in direct conflict with your country,s very benefits... Tell more please! I am not going to share
Hot_Single_Dude: Exactly! The best way of getting rid of the current situation and never ending huge deficits not possible to pay back, is taxing the rich more fair. As long as rich America does not pay back more the country they claim they love... deficits getting bigger and there will be lack of money taking care of important problems in America.
Well, that's a policy that would require some care. Raise company taxes too much and you'll see a fall in employment and philanthropy.
Kind of counter-productive wouldn't you say?
Hot_Single_Dude: The whole donation money and until the very last cents should be used against the dang GOP and making sure GOP is not allowed getting it,s bloody claws on power.
Quite the Dicktator,are you?
mr1983: It definitely is not what Bush said he had to save.
WTF is your obsession with Bush?Are you Dudes II!
Hot_Single_Dude: Wrong Freddy... Very VERy wrong as a matter of fact. Dems do not need high unemployment numbers in order to win elections. What Dems need is America becoming more interested in what is going on and knowing more a bout how things are connected and where the money comes from and how. For too long... America have been kind of sleepy and participation in elections are too low and that is why right wingers receiving too much attention once in a while.
GOP Runs patly on people,s frustration,claiming anti government stuff, claiming being against bailouts and federal funds, claiming morality and anti corruption attempts and ... some folks jumping on these lies of course, and shi* definately happens
And THE most funny and still pretty disgusting fact a bout some folks whose lives are in troubled because of GOP politics, and are at least well and alive because of Democrats and their fabulous services for America... jumping on the crazy train and supporting the dang GOP!
GOP Runs patly on people,s frustration,claiming anti government stuff, claiming being against bailouts and federal funds, claiming morality and anti corruption attempts and ... some folks jumping on these lies of course, and shi* definately happens
And THE most funny and still pretty disgusting fact a bout some folks whose lives are in troubled because of GOP politics, and are at least well and alive because of Democrats and their fabulous services for America... jumping on the crazy train and supporting the dang GOP!
Hot_Single_Dude: Wrong Freddy... Very VERy wrong as a matter of fact. Dems do not need high unemployment numbers in order to win elections. What Dems need is America becoming more interested in what is going on and knowing more a bout how things are connected and where the money comes from and how. For too long... America have been kind of sleepy and participation in elections are too low and that is why right wingers receiving too much attention once in a while.
GOP Runs patly on people,s frustration,claiming anti government stuff, claiming being against bailouts and federal funds, claiming morality and anti corruption attempts and ... some folks jumping on these lies of course, and shi* definately happens
And THE most funny and still pretty disgusting fact a bout some folks whose lives are in troubled because of GOP politics, and are at least well and alive because of Democrats and their fabulous services for America... jumping on the crazy train and supporting the dang GOP!
GOP Runs patly on people,s frustration,claiming anti government stuff, claiming being against bailouts and federal funds, claiming morality and anti corruption attempts and ... some folks jumping on these lies of course, and shi* definately happens
And THE most funny and still pretty disgusting fact a bout some folks whose lives are in troubled because of GOP politics, and are at least well and alive because of Democrats and their fabulous services for America... jumping on the crazy train and supporting the dang GOP!
Getting a bit confused,are you?Class5: Well, that's a policy that would require some care. Raise company taxes too much and you'll see a fall in employment and philanthropy.
Kind of counter-productive wouldn't you say?
Dude can't see that!Kind of counter-productive wouldn't you say?
Looters never can!
mr1983: Most of these are republican started crises if we are been honest. He sanctioned navy seals to kill Bin Laden. What is so wrong with this? Didn't Bush say he would get him. And when Obama does, he is wrong!! The tax hike crises involves the "bush tax cuts". The unemployment crisis is a follow on from the Bush era. Obama took over at a point when the economy was on a downward spiral. The debt crisis could have been solved without all the partisan politics. Just the republicans using this as a weapon. Very cynical!! The BP oil crisis!! How can that be pointed at Obama?? The housing crisis has many causes. Obama is not one. The healthcare debate crisis?? What?? It was a debate on different ideals,thats all!
Lets stop the partisan politics and be honest. Very few of these are Obama led crises!! Nonsense!!
Lets stop the partisan politics and be honest. Very few of these are Obama led crises!! Nonsense!!
I am Hot Single Dude and I DEFINATELY approve this message
Hot_Single_Dude: I am Hot Single Dude and I DEFINATELY approve this message
Booowahaha! Big Deal!
Will the Real Dude please stand up!
Seems there are some pretenders to the Title here!
Besides,hopping up and down like a Gumpesel and Crowing only gets you tired!
Well Fitch and S and P both bond raters ....degraded the American bonds from AAA to AA. The Chinese bond rater did the same. Moody kept it at AAA but placed it under down grade advisement for the next 2 years.
Tom Geither and FED.....said S & P made a 2 TRILLION error in their evaluation. The last time you or I had a 2 TRILLION DOLLAR mistake was when?:-) I quote the FED "A judgement flawed by a 2 trillion dollar error speaks for itself." But Fitch made the same error? The Chinese bond rate made the same error? No I don't think so.
Reminding me of a old college accounting joke. If the number is
bigger than your calculator can handle, you must be working for the government.
The Stock market reacted like a anchor to all this last week. When the final bell rang and they gladly decided to go home for the weekend. As they left the market, there was good business at the local Japanese Sword Store....Sepicu blades were very popular.
Japanese stock market had made a offer to send sepicu blades to all the NYS traders earlier. The European market was offering 9mms Berettas The Russian market was offering any digestive nuclear isotope other other poison that could be smuggled into the country. Like they say it is a global economy. When one hurt, all hurt. And the other foreign markets were just trying to get rid of the hurt.
I listened to a couple economist....one said this was a adjustment. The other said double dip in 2013. To be honest, I don't think any of them know what is going on. Which falls to the Obama administration failure to explain it.
Is that not what a leader does? He explains the hard issues in a manner that makes sense to the people. And he use his experts to get him the facts.
Tim Geither and the bond rating agencies have a 2 trillion dollar difference in the accounting here.
Does anyone see miscommunication here anyplace? 
Or?
President Obama is asking Tim Geither to stay onboard his administration as FED director. Just what if the 2 trillion error is on Tim's calculator? Old Tim knows he got it wrong and he want to hop out of town on a fast plane? Old Tim knows that these bond agencies crunch numbers in programs and computers that are nearly fail safe.
More to come on the saga of the missing-lost-mistaken-confiscated-paid out-bribed-buried 2 trillion in the near future. Just by the way.....the Millenium program has been restarted by the Obama administration.
Yes you know that multi billion foreign aid program to 3rd world countries most of whom are Islamic. Millenium would take a lot of money.....that America does not have. But one Senator Obama wrote.
He would not start making Millinium payments without Congressional approvals, would he?
But in the Federal government online contracting and grant services ...there are bids out for Millenium projects. Millenium might be were 2 trillion in government moneys goes off the books.
Tom Geither and FED.....said S & P made a 2 TRILLION error in their evaluation. The last time you or I had a 2 TRILLION DOLLAR mistake was when?:-) I quote the FED "A judgement flawed by a 2 trillion dollar error speaks for itself." But Fitch made the same error? The Chinese bond rate made the same error? No I don't think so.
Reminding me of a old college accounting joke. If the number is
bigger than your calculator can handle, you must be working for the government.
The Stock market reacted like a anchor to all this last week. When the final bell rang and they gladly decided to go home for the weekend. As they left the market, there was good business at the local Japanese Sword Store....Sepicu blades were very popular.
Japanese stock market had made a offer to send sepicu blades to all the NYS traders earlier. The European market was offering 9mms Berettas The Russian market was offering any digestive nuclear isotope other other poison that could be smuggled into the country. Like they say it is a global economy. When one hurt, all hurt. And the other foreign markets were just trying to get rid of the hurt.
I listened to a couple economist....one said this was a adjustment. The other said double dip in 2013. To be honest, I don't think any of them know what is going on. Which falls to the Obama administration failure to explain it.
Is that not what a leader does? He explains the hard issues in a manner that makes sense to the people. And he use his experts to get him the facts.
Tim Geither and the bond rating agencies have a 2 trillion dollar difference in the accounting here.
Does anyone see miscommunication here anyplace? Or?President Obama is asking Tim Geither to stay onboard his administration as FED director. Just what if the 2 trillion error is on Tim's calculator? Old Tim knows he got it wrong and he want to hop out of town on a fast plane? Old Tim knows that these bond agencies crunch numbers in programs and computers that are nearly fail safe.
More to come on the saga of the missing-lost-mistaken-confiscated-paid out-bribed-buried 2 trillion in the near future. Just by the way.....the Millenium program has been restarted by the Obama administration.
Yes you know that multi billion foreign aid program to 3rd world countries most of whom are Islamic. Millenium would take a lot of money.....that America does not have. But one Senator Obama wrote.
He would not start making Millinium payments without Congressional approvals, would he?
But in the Federal government online contracting and grant services ...there are bids out for Millenium projects. Millenium might be were 2 trillion in government moneys goes off the books.
ttom500: Well Fitch and S and P both bond raters ....degraded the American bonds from AAA to AA. The Chinese bond rater did the same. Moody kept it at AAA but placed it under down grade advisement for the next 2 years.
Tom Geither and FED.....said S & P made a 2 TRILLION error in their evaluation. The last time you or I had a 2 TRILLION DOLLAR mistake was when?:-) I quote the FED "A judgement flawed by a 2 trillion dollar error speaks for itself." But Fitch made the same error? The Chinese bond rate made the same error? No I don't think so.
Reminding me of a old college accounting joke. If the number is
bigger than your calculator can handle, you must be working for the government.
The Stock market reacted like a anchor to all this last week. When the final bell rang and they gladly decided to go home for the weekend. As they left the market, there was good business at the local Japanese Sword Store....Sepicu blades were very popular.
Japanese stock market had made a offer to send sepicu blades to all the NYS traders earlier. The European market was offering 9mms Berettas The Russian market was offering any digestive nuclear isotope other other poison that could be smuggled into the country. Like they say it is a global economy. When one hurt, all hurt. And the other foreign markets were just trying to get rid of the hurt.
I listened to a couple economist....one said this was a adjustment. The other said double dip in 2013. To be honest, I don't think any of them know what is going on. Which falls to the Obama administration failure to explain it.
Is that not what a leader does? He explains the hard issues in a manner that makes sense to the people. And he use his experts to get him the facts.
Tim Geither and the bond rating agencies have a 2 trillion dollar difference in the accounting here. Does anyone see miscommunication here anyplace? Or?
President Obama is asking Tim Geither to stay onboard his administration as FED director. Just what if the 2 trillion error is on Tim's calculator? Old Tim knows he got it wrong and he want to hop out of town on a fast plane? Old Tim knows that these bond agencies crunch numbers in programs and computers that are nearly fail safe.
More to come on the saga of the missing-lost-mistaken-confiscated-paid out-bribed-buried 2 trillion in the near future. Just by the way.....the Millenium program has been restarted by the Obama administration.
Yes you know that multi billion foreign aid program to 3rd world countries most of whom are Islamic. Millenium would take a lot of money.....that America does not have. But one Senator Obama wrote.
He would not start making Millinium payments without Congressional approvals, would he?
But in the Federal government online contracting and grant services ...there are bids out for Millenium projects. Millenium might be were 2 trillion in government moneys goes off the books.
Those Progressive Idiot ought to all take the first thing smoking out of Town!Tom Geither and FED.....said S & P made a 2 TRILLION error in their evaluation. The last time you or I had a 2 TRILLION DOLLAR mistake was when?:-) I quote the FED "A judgement flawed by a 2 trillion dollar error speaks for itself." But Fitch made the same error? The Chinese bond rate made the same error? No I don't think so.
Reminding me of a old college accounting joke. If the number is
bigger than your calculator can handle, you must be working for the government.
The Stock market reacted like a anchor to all this last week. When the final bell rang and they gladly decided to go home for the weekend. As they left the market, there was good business at the local Japanese Sword Store....Sepicu blades were very popular.
Japanese stock market had made a offer to send sepicu blades to all the NYS traders earlier. The European market was offering 9mms Berettas The Russian market was offering any digestive nuclear isotope other other poison that could be smuggled into the country. Like they say it is a global economy. When one hurt, all hurt. And the other foreign markets were just trying to get rid of the hurt.
I listened to a couple economist....one said this was a adjustment. The other said double dip in 2013. To be honest, I don't think any of them know what is going on. Which falls to the Obama administration failure to explain it.
Is that not what a leader does? He explains the hard issues in a manner that makes sense to the people. And he use his experts to get him the facts.
Tim Geither and the bond rating agencies have a 2 trillion dollar difference in the accounting here. Does anyone see miscommunication here anyplace? Or?
President Obama is asking Tim Geither to stay onboard his administration as FED director. Just what if the 2 trillion error is on Tim's calculator? Old Tim knows he got it wrong and he want to hop out of town on a fast plane? Old Tim knows that these bond agencies crunch numbers in programs and computers that are nearly fail safe.
More to come on the saga of the missing-lost-mistaken-confiscated-paid out-bribed-buried 2 trillion in the near future. Just by the way.....the Millenium program has been restarted by the Obama administration.
Yes you know that multi billion foreign aid program to 3rd world countries most of whom are Islamic. Millenium would take a lot of money.....that America does not have. But one Senator Obama wrote.
He would not start making Millinium payments without Congressional approvals, would he?
But in the Federal government online contracting and grant services ...there are bids out for Millenium projects. Millenium might be were 2 trillion in government moneys goes off the books.
They would do everybody a Favor!
ttom500: GWB tried to get new government regulation for both Fannie Mea and Freddie Mac.....but was blocked by the DEM in Congress. REP Barney Frank a DEM oversees both agencies from his position as head of the House Finance committee. Barney Franks' lover works at Fannie Mea. Barney Franks said to the American people....Fannie Mea is solid and investment worthy just prior to the 2008 housing crash.
But it is still Bush's Fault!(Dude,Chapter One,Verse One)---- IMAGE REMOVED because photobucket.com no longer allows embedded images ----
---- IMAGE REMOVED because photobucket.com no longer allows embedded images ----
By the way....that is the first time that the US government has been downgraded since 1917. Even the Great Depression could not shake the
confidence of the bond rankers in the Federal Government.
But this crisis policied government managed to find a way to do it.
confidence of the bond rankers in the Federal Government.
But this crisis policied government managed to find a way to do it.
Got to leave! May the force be with you all 
ttom500: By the way....that is the first time that the US government has been downgraded since 1917. Even the Great Depression could not shake the
confidence of the bond rankers in the Federal Government.
But this crisis policied government managed to find a way to do it.
There might after all be a Plan to all this Madness!confidence of the bond rankers in the Federal Government.
But this crisis policied government managed to find a way to do it.
Those that pushed him into Office possibly know him better than he knows himself!
Hot_Single_Dude: Got to leave! May the force be with you all
Rationed Computer-Time?Conrad73: But it is still Bush's Fault!(Dude,Chapter One,Verse One)
GWB sure left a mark on the world, did he not? They will be talking GWB when Obama is old, grey and in a nursing home.
The vision I have is the nurse attending the feebled President laying on his bed, reads a article how GWB went sky diving and then flew a F-16. A retired classic F-16, mind you.
As she reads this to him. President Obama grasp the sheets
tighter, his teeth clinch and his breathing gets fast. In walks Michelle.....see what is happening. And says to the nurse......he use to that all the time in White House, when he heard GWB name as well.
LOL..............
Conrad73: There might after all be a Plan to all this Madness!
that pushed him into Office possibly know him better than he knows himself!
that pushed him into Office possibly know him better than he knows himself!
That would sure fit with the Millenium program and a missing 2 trillion, yes?
Hot_Single_Dude: Wrong Freddy... Very VERy wrong as a matter of fact. Dems do not need high unemployment numbers in order to win elections. What Dems need is America becoming more interested in what is going on and knowing more a bout how things are connected and where the money comes from and how. For too long... America have been kind of sleepy and participation in elections are too low and that is why right wingers receiving too much attention once in a while.
GOP Runs patly on people,s frustration,claiming anti government stuff, claiming being against bailouts and federal funds, claiming morality and anti corruption attempts and ... some folks jumping on these lies of course, and shi* definately happens
And THE most funny and still pretty disgusting fact a bout some folks whose lives are in troubled because of GOP politics, and are at least well and alive because of Democrats and their fabulous services for America... jumping on the crazy train and supporting the dang GOP!
GOP Runs patly on people,s frustration,claiming anti government stuff, claiming being against bailouts and federal funds, claiming morality and anti corruption attempts and ... some folks jumping on these lies of course, and shi* definately happens
And THE most funny and still pretty disgusting fact a bout some folks whose lives are in troubled because of GOP politics, and are at least well and alive because of Democrats and their fabulous services for America... jumping on the crazy train and supporting the dang GOP!
If we get much more fabulous service from the democrats, we won't have any rich people left to tax.
ttom500: That would sure fit with the Millenium program and a missing 2 trillion, yes?
ttom500: That would sure fit with the Millenium program and a missing 2 trillion, yes?
Holy Crap!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Is it really fair to blame the government? We all played a part did we not? Many bought properties valued above their capacity to meet repayments in times of trouble, or rising interest rates. Housing prices are falling all over the western world and these adjustments are bringing prices back to more realistic levels.
Of course its fair to blame government. Recessions happen. They can't be avoided. But government policy can effect the severity of recessions. And taxpayers in America and elsewhere will be paying for a lot of these mistakes for a long time.