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04-05-2009, 04:26 PM
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Banned
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Join Date: Nov 2003
Location: Middle Of Nowhere,
USA
Cobra Make, Engine: ERA 428 FE 4-speed CR "TL" heavy spline
Posts: 3,907
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Neutral
How the Democrats Created the Financial Crisis
Go to the link below for a very simple overview of how the Democrats in Congress created this entire economy mess. Keep in mind that millions and millions in salary and especially bonuses were made by those in the management ranks at Fannie and Freddie, including Franklin Raines and Barney Frank’s boyfriend at the time.
There is not even a shadow of a doubt that this is the way in started, Republicans saw it coming and provided a fix in 2005 with that fix rejected by the Democrats. Without Freddie and Fannie financing and packaging this recession, possible depression on the way, would never have happened, period.
I was in the banking industry my entire life and from the inside it was clear that something was going to happen - but we all thought that real estate would keep going up - well, it stopped going up and here we are.
http://www.bloomberg.com/apps/news?p...d=aSKSoiNbnQY0
From the article - "It is a classic case of socializing the risk while privatizing the profit." In this case, the risk was socialized upon the American people. Americans will be paying for this long after we are all dead.
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04-05-2009, 08:44 PM
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CC Member
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CdC,
That article only address the problem in the last days before the meltdown.
The problems were birthed by both the GOP and the Dems over many years. The Congress has been CREATING rights for years. Rights that cannot and will not ever actually exist. Congress recently found that EVERYONE has a "Right" to equal medical treatment. That phony "Right" will come back to haunt us in the near OR distant future. The RIGHT we do have is the opportunity to purchase good medical care. But that is current events.
Years ago they determined that everyone had the "Right" to own their own home. Since the poor almost unanimously chose to ignore the opportunity their actual RIGHTS gave them. Our vote hungry Congresspeople invented a new "Right." And followed the counterfeit right with laws forcing lending institutions to make worthless loans. Inflation just hid the ridiculousness of their phony right passage for many years.
BO's entire time in office will be spend building new 'active' volcanos that WILL erupt some time in future.
Dan
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04-06-2009, 04:49 AM
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Member of the north
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Join Date: May 2003
Cobra Make, Engine: A Cobra
Posts: 11,207
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Not Ranked
I sort of thought Jamo had announced we were reducing the political threads as people get into "an exchange" of personality traits.
Not that a good "swap of words" isn't good for a bag of popcorn, but it is too early for popcorn.
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04-06-2009, 07:05 AM
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Senior Club Cobra Member
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Join Date: Dec 2003
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Yeah, there is no reason that the GOP should bear any blame in this whatsoever - they only had a majority for 12 years and those evil Dems were secretly in control.
Don't forget - GOP poo don't stink!
Got the popcorn Tru?
__________________
If you can't stay on the road, get off it!!
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04-06-2009, 07:41 AM
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Banned
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Join Date: Nov 2003
Location: Middle Of Nowhere,
USA
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Posts: 3,907
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Read the article and comment about the article, it's best to keep biased opinions to yourself.
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04-06-2009, 09:58 AM
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Senior Club Cobra Member
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Quote:
Originally Posted by cobra de capell
Read the article and comment about the article, it's best to keep biased opinions to yourself.
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CdC,
The article is a biased opinion. That is the reason for this at the end:
(Kevin Hassett, director of economic-policy studies at the American Enterprise Institute, is a Bloomberg News columnist. He is an adviser to Republican Senator John McCain of Arizona in the 2008 presidential election. The opinions expressed are his own.)
It only takes a simple majority (which the GOP had) to move a bill out of committee. The GOP failed to do this when they had the chance, therefore using the argument put forth by the author then the GOP is responsible for this mess because they failed to outvote the DNC to get this bill out of committee.
And McCain signing on to this bill as a co-sponsor over a year after it had died in committee is also a nice touch. I'm sure that strategy fooled some people into thinking that he was really doing something instead of just posturing.
BTW, it would not surprise me to learn that Obama has done the same thing, but feel free to look it up if you need to prove it.
Steve
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04-06-2009, 10:50 AM
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There are NO innocents in D.C. They are ALL sleazeballs. The difference is liberals are so far out of touch with reality they don't know they are lying. Conservatives are in touch with reality [loosely] but ignore it, and they know they are lying. Hobson's choice.
Power and RE-ELECTION is the only concern on both sides of the isle. SHORT term limits are now needed. That won't be problem free either, but we know the system isn't working the way it is now.
Dan
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04-06-2009, 11:04 AM
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Senior Club Cobra Member
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Quote:
Originally Posted by Dan40
There are NO innocents in D.C. They are ALL sleazeballs. The difference is liberals are so far out of touch with reality they don't know they are lying. Conservatives are in touch with reality [loosely] but ignore it, and they know they are lying. Hobson's choice.
Power and RE-ELECTION is the only concern on both sides of the isle. SHORT term limits are now needed. That won't be problem free either, but we know the system isn't working the way it is now.
Dan
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Well said! I am not completely keen on term limits, but the alternative seems worse.
Steve
__________________
If you can't stay on the road, get off it!!
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04-06-2009, 11:24 AM
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Banned
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Join Date: Nov 2003
Location: Middle Of Nowhere,
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Quote:
Originally Posted by VRM
CdC,
The article is a biased opinion. That is the reason for this at the end:
(Kevin Hassett, director of economic-policy studies at the American Enterprise Institute, is a Bloomberg News columnist. He is an adviser to Republican Senator John McCain of Arizona in the 2008 presidential election. The opinions expressed are his own.)
It only takes a simple majority (which the GOP had) to move a bill out of committee. The GOP failed to do this when they had the chance, therefore using the argument put forth by the author then the GOP is responsible for this mess because they failed to outvote the DNC to get this bill out of committee.
And McCain signing on to this bill as a co-sponsor over a year after it had died in committee is also a nice touch. I'm sure that strategy fooled some people into thinking that he was really doing something instead of just posturing.
BTW, it would not surprise me to learn that Obama has done the same thing, but feel free to look it up if you need to prove it.
Steve
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I would appreciate it if you stay off my threads, period. Your view is also always biased so there is not value posting it here, can you manage to do that? Please feel free to post your view on another thread or a new thread, as this is still a free country.
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04-06-2009, 11:26 AM
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Banned
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Join Date: Nov 2003
Location: Middle Of Nowhere,
USA
Cobra Make, Engine: ERA 428 FE 4-speed CR "TL" heavy spline
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Quote:
Originally Posted by Dan40
There are NO innocents in D.C. They are ALL sleazeballs. The difference is liberals are so far out of touch with reality they don't know they are lying. Conservatives are in touch with reality [loosely] but ignore it, and they know they are lying. Hobson's choice.
Power and RE-ELECTION is the only concern on both sides of the isle. SHORT term limits are now needed. That won't be problem free either, but we know the system isn't working the way it is now.
Dan
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You are wrong on true Conservatives, but right on Republicans in general. What we really need is a true Conservative party - a third party.
In the short-term, what we really need is a divided government - hopefully, either the house or senate will be taken over by Republicans next year.
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04-06-2009, 11:13 PM
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Super Moderator
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Join Date: May 2001
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Actually Steve, CDC has a point...I asked both of you to avoid each other for the sake of all mankind (matter and anti-matter don't mix muy goodo). It's his thread.
Thanks.
__________________
Jamo
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04-07-2009, 08:58 AM
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Banned
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Thanks, Jamo - much more could be said, but it's been said, over and over again.
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04-07-2009, 10:16 AM
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Don't let it go to your pretty little head.
__________________
Jamo
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04-07-2009, 01:21 PM
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Banned
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Quote:
Originally Posted by Jamo
Don't let it go to your pretty little head.
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No problem, but you know Jamo - back in the day, in High School, I was voted Best Looking in my class - a huge class (lots of females). Not pretty, but best looking so that fact went to my head years and years ago and to this day it's serving me very, very well.
Of course, on the internet looks don't count but as luck would have it, God made me multi-talented as well, able to produce raw hints of sarcasm, cynicism and/or facetiousness with little effort. Of course, the intent of said placed whimsical nuances are often misinterpret; liberals and those on a high-horse (unfortunately) are generally confounded by such linguistic creativity.
Life is good, if my threads can actually be liberal and high-horse free zones life will be better then good. Thanks to you.
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04-08-2009, 07:35 AM
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Senior Club Cobra Member
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Join Date: Dec 2003
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Quote:
Originally Posted by Jamo
Actually Steve, CDC has a point...I asked both of you to avoid each other for the sake of all mankind (matter and anti-matter don't mix muy goodo). It's his thread.
Thanks.
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Jamo,
My apologies.
CdC invited comment on the article in this thread (and it sure seems like a repeat of a topic we've seen many times before), and I guess he didn't like me exposing it for the propaganda that it is. Whoops - my bad. Maybe if he cannot stand contrary opinions he should be posting on a blog rather than a forum.
Pardon me for thinking that the danger of mixing anti-matter and matter was over. CdC sure acted like it was over in his recent posts as he kept following me around taking swings: Test Your Gun I.Q.
Geithner Seeks Power to Seize..........
Barney Frank
Greetings your Brown shirt will be form fitting!
I was also not aware that individuals, especially freeloaders, could 'own' threads and decide that specific individuals could post or not. It must be that new 'redistribution of wealth' math I keep reading about...
I also acknowledge that it's not my forum, nor my rules, so I consider myself duly chastised. In the interest of saving the warp engines and your sanity I'll just join the ranks of people that have already CdC on their ignore list.
Steve
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04-08-2009, 08:01 AM
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Banned
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Join Date: Nov 2003
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Thanks, VRM - that was my goal.
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04-08-2009, 09:49 AM
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Senior Club Cobra Member
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This thread is another classic example of the low rode Cobra Club has taken...
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04-08-2009, 10:55 AM
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Super Moderator
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Quote:
Originally Posted by Excaliber
This thread is another classic example of the low rode Cobra Club has taken...
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Hi Ernie...welcome back and nice to hear from you. Hope everything's good for you.
BTW, enjoy a couple of days off...coming back on and taking a stab is not muy goodo.
__________________
Jamo
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04-08-2009, 11:10 AM
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Super Moderator
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Join Date: May 2001
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I phuking said "Enough" and I meant it.
Steve...I was pretty damn clear when I posted (with a damn sticky) that we weren't going to accept any more remarks when somebody was moderated. You decided to post a lengthy commentary with links pointing at the other kid in the playground.
You just grabbed your ass a week.
CDC...your post a few up above mine? You were doing fine and should've kept quiet. You just bought yourself a week.
Either of you e-mail or PM me whining about it, and I'll double it.
Anyone here makes a remark about these actions, and they will buy themselves a week.
Anybody doubting the resolve here?
__________________
Jamo
Last edited by Jamo; 04-08-2009 at 11:19 AM..
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04-08-2009, 11:18 AM
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Super Moderator
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Join Date: May 2001
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Well...since nobody else has anything to post, CLOSED.
__________________
Jamo
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