Economic Problems Today Caused By Dems, Starting W/bill Clinton

[ironmonk]

The democrats are crooks... this is why I always refer to them as democrooks. They lie. This isn't some partisan rhetoric, this is the truth. I am Catholic, I'm only registered as a republican because they are the only party that has a chance and follows the majority of the Church's teachings.

Because of Bill Clinton and the democrats in office forcing banks to issue subprime mortgages AND because of Bill Clinton vetoing the bill that would have allowed us to drill our OWN OIL.... IS WHY WE HAVE ECONOMY ISSUES RIGHT NOW.

Don't believe me?

Please prove this video wrong... Do the google searches, look up the bills... I DID.

I believe beyond all doubt that the Dems are trying to push us into a socialist state.
[b][size=4]
[url="http://www.youtube.com/watch?v=nRmB93McZeI"]http://www.youtube.com/watch?v=nRmB93McZeI[/url][/size][/b]

Think I'm wrong... Then prove it point by point... if you can. If not, accept what is True OR go on living in a make believe land with the only greed coming from Obama and his cronies.... Fannie Mae and Freddy Mac donated hundreds of thousands to them. Gave them multimillion dollar home loans at very low rates.... now, guess who is Obama's economic advisers... THE SAME PEOPLE THAT RAN FANNIE MAE! He's going to fix the economy? Not quite.


God Bless!
ironmonk

Edited September 30, 2008 by ironmonk

[ironmonk]

PS... the bail out is bad... Dems wanted to give money coming back from the sales of the bad mortgages to the groups that give them money....

95 Dems said no to it.
135 Reps said no to it.

Pelosi is using economic hardships of the workers of America as a marketing ploy for the the killer of innocent babies.

CHeck out [url="http://www.ObamaBeenLying.com"]http://www.ObamaBeenLying.com[/url] VIVA THE TRUTH.

[Lounge Daddy]

[quote name='ironmonk' post='1666727' date='Sep 30 2008, 12:24 AM']VIVA THE TRUTH.[/quote]
Boo ya!

[Ash Wednesday]

[quote]Get Educated or Just Shut Up[/quote]

[princessgianna]

[quote name='ironmonk' post='1666725' date='Sep 30 2008, 12:22 AM']The democrats are crooks... this is why I always refer to them as democrooks. They lie. This isn't some partisan rhetoric, this is the truth. I am Catholic, I'm only registered as a republican because they are the only party that has a chance and follows the majority of the Church's teachings.

Because of Bill Clinton and the democrats in office forcing banks to issue subprime mortgages AND because of Bill Clinton vetoing the bill that would have allowed us to drill our OWN OIL.... IS WHY WE HAVE ECONOMY ISSUES RIGHT NOW.

Don't believe me?

Please prove this video wrong... Do the google searches, look up the bills... I DID.

I believe beyond all doubt that the Dems are trying to push us into a socialist state.
[b][size=4]
[url="http://www.youtube.com/watch?v=nRmB93McZeI"]http://www.youtube.com/watch?v=nRmB93McZeI[/url][/size][/b]

Think I'm wrong... Then prove it point by point... if you can. If not, accept what is True OR go on living in a make believe land with the only greed coming from Obama and his cronies.... Fannie Mae and Freddy Mac donated hundreds of thousands to them. Gave them multimillion dollar home loans at very low rates.... now, guess who is Obama's economic advisers... THE SAME PEOPLE THAT RAN FANNIE MAE! He's going to fix the economy? Not quite.


God Bless!
ironmonk[/quote]
wow ironmonk you seem to really believe what you are saying anyway thanks for posting the video! My mom and Dad always said that the reason why we are in the economic problem we are is because of Bill Clinton! I never doubted them but it was interesting to see all the facts!
Thank you again for staying on touch about this. if we want to keep our freedom then we ll have to protect it! The goverment won't keep it for us! Only we can!!
I will email to as many people i know because while ill be speaking to the choir they may know some one who wants Obama and "change" (they ll get "change" alright they lose their house!!!)

McCain/Palin 08!!!!
pax~and prayers for this!

[dairygirl4u2c]

it's a fairly convincing video. it looks like the gov could have been a substantial contributer, and perhaps even the catalyst.
shouldn't downplay the private sector's role though, which was much much larger. even according to hat wiki article that video cites. ie, like 88% of the money bubble was from private sector unasscoated for most purposes with gov regs.

Edited September 30, 2008 by dairygirl4u2c

[CatherineM]

I'm a Democrat, and I don't lie. I'm getting ready to fill out my absentee ballot. Thanks for making me feel bad about Republicans right before filling it out.

By the way, President Bush is one of the biggest supporters of the bailout, in case you missed that.

The problem with out country isn't the Republicans or the Democrats, it is partisanship. We should be working together instead of trying to tear each other up.

[MartinLuther22]

[quote name='dairygirl4u2c' post='1666806' date='Sep 30 2008, 11:46 PM']it's a fairly convincing video.[/quote]

It is not a convincing video for me or anyone else who was worked over 13 years in safe stable AA rated banks (that didn't make subprime loans), or to anyone who knows how banks are regulated in other parts of the world. It was not the Clinton laws that forced the US banks to give out subprime loans as the video stated. It was the greed of the bank executives and bank lending staff, also the greed of mortgage brokers who were chasing commissions and bonuses. It wasnt the democrats that created and marketed mortgage products with low 2 year honeymoon interest rates followed by higher interest rates. It wasn't the democrats that sold securities backed by subprime mortgages as AAA rated investments. It wasn't the democrats that rated those securities as AAA investments when they obviously were not anywhere near that standard. It wasnt the democrats that offered or accepted subprime mortgage backed securities as collateral for loans. It wasnt the democrats that failed to honour insurance policies they sold on mortgage backed securities or credit default swaps. I doubt that the investment bankers who gambled other peoples money on credit default swaps and other derivatives were democrats. The hedge fund dealers who short sold bank stocks probably weren't democrats either. The primary motive behind all of this has been greed. And greed that has not been in any way controlled by the inadequate financial regulatory system in operation in US. Because so many of you think that any regulation by government is Socialism.

Sub prime loans are only a small part of the current problems. It is much much bigger than that now. US Banks have stopped lending each other money. Credit and Lending has slowed to extremely low levels. Capital markets are drying up as well. Stock prices are at 3 or 4 year lows all around the globe. All foreign exchange trading in US dollars in Asia stopped for a few hours on Thursday two weeks ago as no one wanted to trust the US FX dealers. European Central Banks had to step in with billions to stop the US dollar from collapsing. If the rescue package isn't passed by Congress on Thursday, things will get a lot worse.

The Democrats are not the sole (or even a significant) cause of these problems. It has been the Bush Republican administration that has been responsible for the oversight and regulation of the US financial system for the last 8 years. But being Republican they have been idealogically opposed to any proper regulations being in place - just let the greedy do whatever they want, whatever the consequences. Well you will be paying for the consequences for the next ?? years in your taxes.

But go on - keep blaming the Democrats for everything. I am sure you will. You are just like those Iranians who blame the Americans for the earthquakes in Iran. Maybe it is ironmonk that needs to get educated - about the banking system and how bad this crisis really is (and also about the phorum guidelines)

Edited September 30, 2008 by MartinLuther22

[dairygirl4u2c]

as for catalyst though, there were plenty of other bubbles in the past, forming a progressive pattern. this one could have been more coincidence than anything that it coincided roughly wiht the fed housing stuff.
[url="http://www.1stmillionat33.com/posts/06-09-12/house_his.gif"]http://www.1stmillionat33.com/posts/06-09-12/house_his.gif[/url]

the stock market it's good to remember is based mostly on speculation, not the underlying values of the business. when it crashed a couple days ago, that could just be each other saying "people will sell cause bad signlam, that means i sell, domino", a domino effect, based on speculation.

speculation makes it go up too.

if private sector investment was the main reason for the bubble, i still blame them and not the fed gov more. that much is certain.
everything else is just speculation. no pun intended.

it still comes down to those who had the chance to rpevent this and did not. i don't know whether bush's desire to regulate fanny etc wouldn't been sufficient. i don't know how big fanny is. but when things started to get bad, there were plenty of other things him and others could have done.
(and him wanting ot reg fanny could very plausibly been just him wanting to stop the gov handouts, rightly or wrongly. but the point is that it may have not been to avert teh crisis. per se)

mccain as that video said, looks like he was trying to. i give him credit. i heard obama tried to too though, as per preventing bad things when they saw it coming.

it's too easy, and simple minded, to just blame that government program

Edited September 30, 2008 by dairygirl4u2c

[Lil Red]

[quote name='MartinLuther22' post='1666875' date='Sep 30 2008, 09:38 AM']But go on - keep blaming the Democrats for everything. I am sure you will. You are just like those Iranians who blame the Americans for the earthquakes in Iran. Maybe it is ironmonk that needs to get educated - about the banking system and how bad this crisis really is (and also about the phorum guidelines)[/quote]
+J.M.J.+
anybody else see a ticking bomb here?

[dominicansoul]

We're in this economic mess because we have spent billions of dollars killing babies.

God bless America? I don't think so...

Get ready for more punishment! We deserve every bit of it!

[dairygirl4u2c]

[quote name='dominicansoul' post='1666890' date='Sep 30 2008, 11:05 AM']We're in this economic mess because we have spent billions of dollars killing babies.

God bless America? I don't think so...

Get ready for more punishment! We deserve every bit of it![/quote]

wow even i didn't see that one coming, in this thread, ie the abortion as the final argument bottom line to every issue that exists.

[Don John of Austria]

Well I adressed a lot of this in another thread. Here is a link to my post on the reason that the bank failures are" so much bigger" than those of the past.


[url="http://www.phatmass.com/phorum/index.php?s=&showtopic=85030&view=findpost&p=1664277"]here[/url]


Recessions are cyclic in the US we have had 10 in the last 60 years, and are not even in one yet, I don't see why everyone is so freaked out, we are just a little behind schedule for the next one.

[BG45]

[quote name='CatherineM' post='1666841' date='Sep 30 2008, 11:20 AM']I'm a Democrat, and I don't lie. I'm getting ready to fill out my absentee ballot. Thanks for making me feel bad about Republicans right before filling it out.

By the way, President Bush is one of the biggest supporters of the bailout, in case you missed that.

The problem with out country isn't the Republicans or the Democrats, it is partisanship. We should be working together instead of trying to tear each other up.[/quote]

Thank you for bringing in common sense. I'm a Democrat, and I don't lie. I'm running a Republican's U.S. Senate web campaign.

[dominicansoul]

[quote name='dairygirl4u2c' post='1666894' date='Sep 30 2008, 11:08 AM']wow even i didn't see that one coming, in this thread, ie the abortion as the final argument bottom line to every issue that exists.[/quote]

It is. It's the bottom line of every issue, because without respect for LIFE, we can't have all the rest.

If you are seriously looking for Obama or McCain to fix every stinking problem we have in this country, then you are dreaming.

We need to stop offending God in order for Him to bless this country. War, economic woes, and all the other problems are nothing compared to the one issue that some try to minimize: the slaughtering of the innocents in our country. Their blood cries out to God for vengeance.

If you don't agree with me, then perhaps you will agree with her:

"America needs no words from me to see how your decision in Roe v. Wade has deformed a great nation."---Mother Theresa

And him:

"A nation that kills its own children [b]has no future[/b]."---Pope John Paul II

It makes me smile to read all the discussions on who has the better plans for presidency. Only the one who shows some interest in the Pro-Life cause can actually do something for our country. I've been alive for decades, and let me tell you, the same worries plagued presidential elections back then as they do now, and they always will. Wars, economy, foreign policy, etc. nothing ever gets done on these issues. It's the same ol' same ol. But abortion...now, there's something where things actually happen...! For example: with Clinton, on HIS FIRST DAY IN OFFICE, he used his power to allow Partial Birth Abortion! With Bush, this was removed, and he passed the Born Alive Protection law. Bush made sure he placed Pro-Life Justices in the Supreme Court. You see, things actually happen with this issue. The rest of the issues will remain with us forever. But we need to do all we can to stop Abortion now...

And why wouldn't abortion be mentioned in this thread? The topic is "economic problems caused by DEMS..." which I agree wholeheartedly, seeing that it is their party that is so bent on keeping Roe V. Wade legal and cause more destruction for the unborn, against life...