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

[ironmonk]

People's motives CANNOT be regulated. You cannot know what is on people's hearts.




2004 from C-SPAN video.... Showing the dems saying that nothing was wrong...

[url="http://www.youtube.com/watch?v=_MGT_cSi7Rs"]http://www.youtube.com/watch?v=_MGT_cSi7Rs[/url]


Funny how the same people that caused Leman Brothers, and now Fanny Mae/Freddy Mac are the same economic advisers of the "great messiah" obama.

[dairygirl4u2c]

"FACT: If banks were not FORCED to get sub prime loans AND we would have started drilling in ANWR and the coastal shelf... Our economy would be very strong right now."

after reading everything in this thread, that anyone can still say this with a straight face is amazing.
it's been established that the reason the messs occurred is because of the deregulation. both parties are guilty of that. and, the other rason is a lack of regulating when they saw it comeing, both parties are guilty.
the gov mandates haven't been shown to be a significant sourc,e and it's been repeatedly shown to be only around 15 percent of the loans that were made.
it's illogical to say it's because of the government's desire to get people into housing, as if that's the only, or even signifnant, reason.
there would still be a credit problem even if we had more oil.


(if we drilled in anwr, we'd have pushed the date back at best, that we'd be in the gas mess. we need to save some for a transistion, to a new source, or we'll be in chaos later. if we have five percent of the worlds oil, and we used it over a ten year period, that means we'd lower the prices half a percent per year, ie 10000 miles, divided by 30 mpg, is 300 gallons, times 4 dollars, is 1200, which is at half a percent, 6 dollars per year....)
(if we drilled ten years ago lke a lot of drill yahoos said, we'd be exactly in the mess we are now, and no hope for saving ourselves either)
(the macro econ isn't hard on this. people just fall for fluff way too easy. kinda like how people think 'if john mccain can get his pork cuts he can pay for all his tax cuts.' ie, pork is only 18 billion and the budget is two tillion and the tax cuts 3.3 trillion,,, the math doesn't add up. but it sure makes sense to the naive, easily had, simple minded, people out there.)
(it ight make sense if we had access quick to the oil, to use a lot at once,,, but that's really limiting our future use of a small reserve, not necessarily a very wise move)

Edited October 5, 2008 by dairygirl4u2c

[Fidei Defensor]

[quote name='ironmonk' post='1668963' date='Oct 2 2008, 10:05 PM']It is a FACT that banks would face fines if they did not have a certain percentage of sub prime loans.

People who have sub prime loans should have NEVER received those loans. The gov forced banks to relax their underwriting... give home loans to people who have poor credit... some very poor.

Fannie and Freddy had all kinds of loans from people with bad credit... banks then would buy these loans from Fannie and Freddy.

Fannie and Freddy CEO's lied about what they where paid. Fannie and Freddy paid senators hundreds of thousands of dollars to keep from getting regulated.

[url="http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html"]http://www.opensecrets.org/news/2008/09/up...nd-freddie.html[/url]


"Greed" is irrelevant... it's not illegal. These senators are who are to blame. "Greed" cannot be regulated...

Marxist and communist policies have no place in a free market. The gov is not the answer for all of society's woes.

FACT: If banks were not FORCED to get sub prime loans AND we would have started drilling in ANWR and the coastal shelf... Our economy would be very strong right now.

This bail out plan is a JOKE! The bail out plan is limiting tax deductions on any domestic oil and gas production... Do you realize what that means?! They're punishing companies for trying to help us be energy independent. There are many earmarks which are really bad.

Our economy is roughly 40% better than it was ten years ago, and roughly 15% better than it was five years ago. Unemployment is at a modest rate.

Interesting article...
Roots of the Crisis
[url="http://www.reason.com/news/show/129158.html"]http://www.reason.com/news/show/129158.html[/url]


The subprime market wouldn't have been so huge if it wasn't for the dem senators that pushed the laws on the banks.

Take a few macroeconomic classes, spend quite a few hours going through the votes and bills on Senate.gov, see where the money is flowing to/coming from, and sifting through news articles... you'll learn a lot.


God Bless,
ironmonk[/quote]
Just a curious question, what exactly do you have to gain or lose by being "right" about this? I mean, arguing about religion is one thing, you have that whole salvation thing, and the need to prove that you aren't just crazy and wasting your time. But what about this?

Feeling ignored and in need of attention are we?