Lest we forget how we got here.
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No kidding about how we got here. The irony is that the voters will probably make the Democrats pay in November despite the fact that GW etal were in charge in the 8 years preceding the great recession.
“Lest we forget how we got here.” – By actions of the same two idiots who sponsored and created current bill Dodd & Frank. So Dem’s will pay and pay appropriately for their anti-market machinations in Nov. Oh, yes… CURRENT economic bill contains requirement (enforceable) to make financial institutions borrow money to people who can’t pay it back on basis of color and gender. Yes, “reform”. Who will pay when those loans fail? Bill provides the answer – bailouts without Congress approval, just based on Pres. decision… “Democracy”.
I wonder how well “Bush did it” will work as Obama’s re-election slogan.
I’m still really confused by conservatives arguing against the bill. So… you think the past didn’t happen and that as a consequence changing things would cause more problems?
Not to mention the repubs bitching how they are just gonna get back the house and senate by voting against everything, no matter who or what it does.
The utter stupidity of people’s reactions just amazes me.
As for blaming Dodds and Frank… oddly enough they weren’t in charge for 8-12 years or so. Guess they just magically caused everything by blowing pixie dust on the republicans that voted in all the changes.
Idiots
That look on Dubya’s face in that pic still reminds me of Alfred E. Neumann.
Moody’s gives the bill a triple “A” rating!
Fuck’n corruption will only end when with fast target acquisition.
#4 You did a great job of showing how little you know about your own party and the Federal government.
When did Frank get his position? You don’t know.
When did Dodd get his position? You don’t know.
Isn’t freedom of speech a wonderful thing?
“Congress Passes Public Butt Fuck Bill.”
Fixed that for ya Perky.
These discussions ring like the BP/Oil Spill argument: It’s BP fault. No, it’s the government’s fault. No, it’s Obama’s fault. No, it’s Bush’s fault.
The banks and financial system failed. They did it on their own. Could the government have properly regulated them and stopped it from happening? Can the government prevent it from happening again?
Voters will vote as they do with their religion, on their faith and belief system, not
on their knowledge of economics.
Frank became the chairman of the House Financial Services Committee in 2007 after the Democratic Party won a majority in the House. The committee oversees the entire financial services industry, which includes the securities, insurance, banking, and housing industries. Wekipedia Okay so its about 4 years.
I didn’t find a clear date on Chris Dodd but read what it has to say and see if this guy makes you feel proud of him.
http://en.wikipedia.org/wiki/Chris_Dodd
Both Barney Frank and Chris Dodd do have records. Read what they did. If you like what they did go for it. I think they deserve to be tarred and feathered and run out of the country.
The economy failed because during the Clinton Era there was a government regulation of ensuring lending to minorities, who couldn’t afford their mortgages, and created toxic assets. The banks were essentially forced to loan to people who shouldn’t have been loaned to. I know that I will be accused of racism but that’s the truth.
The usual buffoons sweep under the rug that Bush was the equivalent of a CEO for eight years. His policies of deregulation allowed the banking industry to build a pyramid scheme while he focused on daddy’s war with Iraq.
Obviously, the sheeple in mortgaged McMansions, they could not afford, got crushed when the pyramid collapsed.
Since the banking industry is an essential part of the economy via lending and borrowing, they need to be saved. Sheeple – sorry about that.
That’s the reader’s digest version of the story.
#12 – “His policies of deregulation allowed”
Actually there has never been significant deregulation. With every crisis (pick one) we get more regulation. The current regulations didn’t prevent the problem so we obviously need more and better regulations and more a better regulators. Since we never go backwards why don’t we skip through this ratcheting process and just go straight to complete government control of everything?
The economy ran out of steam in circa 1967, and has been slowly using up its momentum since then.
Regan bought a big head of steam by running up a massive debt through defense spending.
Bush Sr. pulled back government waste while liberating Kuwait and shipping US jobs to Mexico under NAFTA.
Clinton took Government’s controls away and gave Big Bad China most favored Nation trading status while Greenspan fostered irrational exhuberance though saying otherwise.
Bush Jr. put us back in war while propping up the housing “economy” to stem the tide of losses from the “dot com” bubble burst.
Obama just makes speeches Encouraging A Government Spending Bubble while Goldman Sachs writes the banking laws behind closed doors.
Of course none of the people here remember any of this.
“…The usual buffoons sweep under the rug that…” the democrats had control of Washington for a very long time. But that’s okay, go ahead and run the November elections on “It’s Bush’s fault” slogan. No doubt it will be tremendously effective.
Jesus Fucking Christ…..does anyone here know why the country deserves this mess? Just read this thread. “Oh, it was those awful republicans!” Oh, no it wasn’t…it was those terrible democrats!” WAKE THE FUCK UP! Both groups tag teamed and skull fucked all of you for campaign cash!
Who authored the repeal of Glass Steagall? Who signed that repeal into law? Who wrote the debt slave act and signed that into law that changed the bankruptcy laws? Psst…keep in mind the current VP voted for that. Who were the top entities who bribed and bought obama with campaign money in 2008?
Go ahead…keep treating this like some retarded football game, you fucking tools. You deserve every mouthful of ashes you’ll be chewing on.
OK..
lets ask a few questions on WHY the price and COST of housing went up..
BUSH installed a 25% TAX on wood products from Canada, AGAINST NAFTA treaties.
USA selling WOOD and METAL to China. Insted of having a NATIONAL and INTERNATIONAL price, they inflated the prices in BOTH. Which TRIPLED to costs.
What BROKE this? The olympics. the Location of which was the SAME site they had for Smelting Metals for MOST of China. they shut down. They havent come back yet. and PROBABLY wont.
NOW,
where did the money go?
did it Go to pay those Mortgage? nope.
Did it goto pay OFF the CORPS to LOWER those BUMPED interest rates? nope
Where did it go?
If you look,
what the corps were missing, was the BONUS CHECKS for that year.
It has been the basically the same government (crime family) for at least 45 years. I would blame them if I wanted to change things.
#16. Touche. I am tired of wasting my time with these fools. And Perkel needs to stick with his squirrel videos.
Speech slurring drunk