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  4. actually, who screwed the economy

actually, who screwed the economy

Scheduled Pinned Locked Moved The Back Room
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  • O oilFactotum

    Impressive - it's everybody's fault except those that had all the money and lost it!

    MrPlankton wrote:

    Barney and Dodd in the stockade, or worse.

    Get real. Republicans have been in power for the last 8 years - That's where the lions share of political responsibility lies.

    B Offline
    B Offline
    BoneSoft
    wrote on last edited by
    #18

    BS. But when Obama starts tearing down the demoncracy, we'll see if you hold them to the same standard or continue to blame all the world's ills on the GWB 8 years.


    Visit BoneSoft.com for code generation tools (XML & XSD -> C#, VB, etc...) and some free developer tools as well.

    O 1 Reply Last reply
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    • V vaghelabhavesh

      So 2 Democrats and 1 Republican, then why there is majority of Democrats in senate? :-)

      M Offline
      M Offline
      Mike Gaskey
      wrote on last edited by
      #19

      crudeCodeYogi wrote:

      So 2 Democrats and 1 Republican, then why there is majority of Democrats in senate?

      an uneducated electorate and a media that is way to the left, down playing anything a Democrat does wrong while shouting from the roof tops when a Republican does the same thing.

      Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

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      • O oilFactotum

        Mike Gaskey wrote:

        Barney Frank and Chris Dodd, Democrats fully responsible for the mortgage melt down.

        :laugh: Utter hogwash. Republicans controlled both houses and the executive for most of the past 8 years. This did not happen overnight.

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        B Offline
        BoneSoft
        wrote on last edited by
        #20

        Really[^]? Count up the number of "R"s in front of the names blocking FM reform, or thos with selective memory of the past.

        oilFactotum wrote:

        This did not happen overnight.

        Right, but it couldn't have been more than 8 years... Right? :rolleyes:


        Visit BoneSoft.com for code generation tools (XML & XSD -> C#, VB, etc...) and some free developer tools as well.

        O 1 Reply Last reply
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        • M Mike Gaskey

          crudeCodeYogi wrote:

          So 2 Democrats and 1 Republican, then why there is majority of Democrats in senate?

          an uneducated electorate and a media that is way to the left, down playing anything a Democrat does wrong while shouting from the roof tops when a Republican does the same thing.

          Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

          B Offline
          B Offline
          BoneSoft
          wrote on last edited by
          #21

          Mike Gaskey wrote:

          an uneducated electorate and a media that is way to the left

          I wish I could give you more than 5. Succinct and precise.


          Visit BoneSoft.com for code generation tools (XML & XSD -> C#, VB, etc...) and some free developer tools as well.

          1 Reply Last reply
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          • O oilFactotum

            Mike Gaskey wrote:

            Barney Frank and Chris Dodd, Democrats fully responsible for the mortgage melt down.

            :laugh: Utter hogwash. Republicans controlled both houses and the executive for most of the past 8 years. This did not happen overnight.

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            O Offline
            Oakman
            wrote on last edited by
            #22

            oilFactotum wrote:

            This did not happen overnight.

            Nor did it happen in just the last eight. It can be traced back to the Clinton years quite easily. Which is not to say that the Bush Aministration's commitment to deregulation did not exacerbate the problem tremendously. Ultimately it goes back to Nixon who destroyed the last connection between a dollar bill and anything of value. Once money was money only because the Secretary of the Treasury said it was, the American economy was royally frucked.

            Jon Smith & Wesson: The original point and click interface

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            • M Mike Gaskey

              crudeCodeYogi wrote:

              So 2 Democrats and 1 Republican, then why there is majority of Democrats in senate?

              an uneducated electorate and a media that is way to the left, down playing anything a Democrat does wrong while shouting from the roof tops when a Republican does the same thing.

              Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

              O Offline
              O Offline
              Oakman
              wrote on last edited by
              #23

              Mike Gaskey wrote:

              down playing anything a Democrat does wrong while shouting from the roof tops when a Republican does the same thing.

              That doesn't mean the Republicans should get a pass, too, but that the Democrats should be held to a higher standard, right? It appears to me that both parties cooperated to create this mess and they both will cooperate to make sure that whatever changes there are, Government will have more power over our lives, and we will have less. Demmicans and Republicrats - birds of a feather fluck the public together.

              Jon Smith & Wesson: The original point and click interface

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              • M Mike Gaskey

                oilFactotum wrote:

                This did not happen overnight

                nope, sure didn't. it started with Clinton but I thought your head would explode if I brought that up.

                Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

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                Ilion
                wrote on last edited by
                #24

                Mike Gaskey wrote:

                it started with Clinton but I thought your head would explode if I brought that up.

                I goes back at least as far as the Carter years; it was ramped up under Clinton.

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                • S Sahir Shah

                  things are getting worse day by day. if this trend continues I am sorely tempted to run off into the himalayas to become a sanyasi[^] even if my job is not at risk. i am kinda fed up of seeing all this pain and suffering. basically all suffering is caused by kamam, krodham, moham. kamam is lust, krodham is wrath or rage, moham is the attachment to worldly pleasures. kill all these feelings and you won't give a shit which bank failed yesterday. i go to seek the river of the arrow[^] which will release me from the eternal cycle of samsara. but before i go; i would like to know who i should thank for all this.

                  M Offline
                  M Offline
                  MrPlankton
                  wrote on last edited by
                  #25

                  Sahir Shah wrote:

                  things are getting worse day by day.

                  How are things getting worse? What's happening over there?

                  MrPlankton

                  Multicultural Diversity Training, the new Socialist Reeducation Camp-light.

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                  • O Oakman

                    Mike Gaskey wrote:

                    down playing anything a Democrat does wrong while shouting from the roof tops when a Republican does the same thing.

                    That doesn't mean the Republicans should get a pass, too, but that the Democrats should be held to a higher standard, right? It appears to me that both parties cooperated to create this mess and they both will cooperate to make sure that whatever changes there are, Government will have more power over our lives, and we will have less. Demmicans and Republicrats - birds of a feather fluck the public together.

                    Jon Smith & Wesson: The original point and click interface

                    M Offline
                    M Offline
                    Mike Gaskey
                    wrote on last edited by
                    #26

                    Oakman wrote:

                    That doesn't mean the Republicans should get a pass, too, but that the Democrats should be held to a higher standard, right?

                    Who said that? You commented on my answer to a question posited regarding why Democrats now control congress, my answer was accurate.

                    Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

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                    • M Mike Gaskey

                      oilFactotum wrote:

                      This did not happen overnight

                      nope, sure didn't. it started with Clinton but I thought your head would explode if I brought that up.

                      Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

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                      O Offline
                      oilFactotum
                      wrote on last edited by
                      #27

                      Mike Gaskey wrote:

                      it started with Clinton

                      No, it started before that, but so what? Bush and the R's had the last 8 years to to something about it and did not. It is simply absurd to put the blame on a couple of democrats. While completely ignoring the fact that it was the big players who leveraged their securitized debt 25 fold. No one forced them to. They had the money and the power.

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                      • O oilFactotum

                        Mike Gaskey wrote:

                        it started with Clinton

                        No, it started before that, but so what? Bush and the R's had the last 8 years to to something about it and did not. It is simply absurd to put the blame on a couple of democrats. While completely ignoring the fact that it was the big players who leveraged their securitized debt 25 fold. No one forced them to. They had the money and the power.

                        B Offline
                        B Offline
                        BoneSoft
                        wrote on last edited by
                        #28

                        oilFactotum wrote:

                        Bush and the R's had the last 8 years to to something about it and did not.

                        And Democrats had no choice to do something about it?

                        oilFactotum wrote:

                        It is simply absurd to put the blame on a couple of democrats.

                        Gee, blaming the bastards that started it, those who kicked it into overdrive, and those who blocked reform makes a lot more sense than laying it all at the feet of the guy running the show most recently (only because you and your buddies are intent on demonizing GWB). It's at least equally absurd to dismiss the guilt of those Democrats just so you can pin it all on the current Republican in office. Fine, Bush could have done something about it. No argument. (Of course Bush and McCain both tried to reform FMs and were blocked by Frank, Dodd, Waters, et al) But that late in the game, how much good could they have done? What about Clinton? He could have done something about it. Instead he decided to give it nitros tanks and spinning rims. But to you it's all Bush's fault? You are so far out in left field there's no point in even attempting to take you seriously.


                        Visit BoneSoft.com for code generation tools (XML & XSD -> C#, VB, etc...) and some free developer tools as well.

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                        • M Mike Gaskey

                          Frank - Democrat, congressman. Pushed relentlessly for "easy" to get mortgages. Exercised a great deal of influence over Freddie Mac and Fannie Mae "encouraging" both to uderwrite loans that no intelliegient loan officer would make otherwise. Chris Dodd - Democrat, senator. Did the same thing as Frank but in the senate. Chris Cox - Republican, head guy at the Security Exchange Commission, responsible for, well, overseeing trading activity. The really poorly underwritten mortgages were bundled into derivatives that were actively traded. A significant percentage of these are so bad that they're called toxic. Problem is, when you have no kowledge of the specifics of the derivatives (good or toxic mortgages) then all are considered bad. There was also a new rule in place that required financial instituitions to value their assets at market value (not their cost, but the $ amount they could get by selling at some point in time). When the toxic nature of the financial instruments surfaced these instituitions could no longer make loans because their asset base had shrunk dramatically.

                          Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

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                          Rob Graham
                          wrote on last edited by
                          #29

                          You forgot two 3: 1. Pauson, Sec. Treasury, who slept at the wheel, panicked when he couldn't diqguise/ avoid seeing the investment bank collapse any longer, and in his panic FUDed Bush, Congress, and anyone who would listen into throwing $700B borrowed taxpayer funds down the rathole gaurded by his buddies, neglecting of course, the rathole belonging to his long time competitors at Lehman, who he just summarily executed. Spent the first 350B in record time, on who knows what, but certainly not what he said he needed it for. 2. Bernake - Chm Federal Reserve - who kept interest rates so low for so long that when he finally realized the universe was overleveraged and collapsing, he couldn't lower them any more to stop the carnage. 3. Bush, who appointed both the above and Cox - the three people with the clearest day to day responsibility to forsee, forestall, and forewarn, and who failed in epic fashion to discharge their office.

                          modified on Wednesday, January 14, 2009 5:47 PM

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                          • R Rob Graham

                            You forgot two 3: 1. Pauson, Sec. Treasury, who slept at the wheel, panicked when he couldn't diqguise/ avoid seeing the investment bank collapse any longer, and in his panic FUDed Bush, Congress, and anyone who would listen into throwing $700B borrowed taxpayer funds down the rathole gaurded by his buddies, neglecting of course, the rathole belonging to his long time competitors at Lehman, who he just summarily executed. Spent the first 350B in record time, on who knows what, but certainly not what he said he needed it for. 2. Bernake - Chm Federal Reserve - who kept interest rates so low for so long that when he finally realized the universe was overleveraged and collapsing, he couldn't lower them any more to stop the carnage. 3. Bush, who appointed both the above and Cox - the three people with the clearest day to day responsibility to forsee, forestall, and forewarn, and who failed in epic fashion to discharge their office.

                            modified on Wednesday, January 14, 2009 5:47 PM

                            M Offline
                            M Offline
                            Mike Gaskey
                            wrote on last edited by
                            #30

                            Rob Graham wrote:

                            You forgot two 3:

                            no argument.

                            Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

                            1 Reply Last reply
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                            • M Mike Gaskey

                              Oakman wrote:

                              That doesn't mean the Republicans should get a pass, too, but that the Democrats should be held to a higher standard, right?

                              Who said that? You commented on my answer to a question posited regarding why Democrats now control congress, my answer was accurate.

                              Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

                              O Offline
                              O Offline
                              Oakman
                              wrote on last edited by
                              #31

                              Mike Gaskey wrote:

                              Who said that?

                              No-one, but I was asking for a clarification to make sure that I understood what you were saying.

                              Jon Smith & Wesson: The original point and click interface

                              M 1 Reply Last reply
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                              • R Rob Graham

                                You forgot two 3: 1. Pauson, Sec. Treasury, who slept at the wheel, panicked when he couldn't diqguise/ avoid seeing the investment bank collapse any longer, and in his panic FUDed Bush, Congress, and anyone who would listen into throwing $700B borrowed taxpayer funds down the rathole gaurded by his buddies, neglecting of course, the rathole belonging to his long time competitors at Lehman, who he just summarily executed. Spent the first 350B in record time, on who knows what, but certainly not what he said he needed it for. 2. Bernake - Chm Federal Reserve - who kept interest rates so low for so long that when he finally realized the universe was overleveraged and collapsing, he couldn't lower them any more to stop the carnage. 3. Bush, who appointed both the above and Cox - the three people with the clearest day to day responsibility to forsee, forestall, and forewarn, and who failed in epic fashion to discharge their office.

                                modified on Wednesday, January 14, 2009 5:47 PM

                                O Offline
                                O Offline
                                Oakman
                                wrote on last edited by
                                #32

                                Rob Graham wrote:

                                You forgot

                                Seems to me, that a lot of our problems started under Alan Greenspan, the man most responsible for controlling the economy from 1987 to 2006. He, more than most, ecouraged a debt-driven economy as a replacement for the manufacturing-driven economy we once had.

                                Jon Smith & Wesson: The original point and click interface

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                                • B BoneSoft

                                  oilFactotum wrote:

                                  Bush and the R's had the last 8 years to to something about it and did not.

                                  And Democrats had no choice to do something about it?

                                  oilFactotum wrote:

                                  It is simply absurd to put the blame on a couple of democrats.

                                  Gee, blaming the bastards that started it, those who kicked it into overdrive, and those who blocked reform makes a lot more sense than laying it all at the feet of the guy running the show most recently (only because you and your buddies are intent on demonizing GWB). It's at least equally absurd to dismiss the guilt of those Democrats just so you can pin it all on the current Republican in office. Fine, Bush could have done something about it. No argument. (Of course Bush and McCain both tried to reform FMs and were blocked by Frank, Dodd, Waters, et al) But that late in the game, how much good could they have done? What about Clinton? He could have done something about it. Instead he decided to give it nitros tanks and spinning rims. But to you it's all Bush's fault? You are so far out in left field there's no point in even attempting to take you seriously.


                                  Visit BoneSoft.com for code generation tools (XML & XSD -> C#, VB, etc...) and some free developer tools as well.

                                  O Offline
                                  O Offline
                                  oilFactotum
                                  wrote on last edited by
                                  #33

                                  BoneSoft wrote:

                                  And Democrats had no choice to do something about it?

                                  Did I say that? No I did not.

                                  BoneSoft wrote:

                                  Gee, blaming the bastards that started it, those who kicked it into overdrive, and those who blocked reform

                                  If you're saying that the Dems are responsible for all of that - hogwash.

                                  BoneSoft wrote:

                                  only because you and your buddies are intent on demonizing GWB

                                  :laugh: :laugh: He doesn't need any help from me on that front. He did that to himself, with help from his friend Cheney, Rumsfeld, Addington and Yoo and the list goes on and on.

                                  BoneSoft wrote:

                                  Of course Bush and McCain both tried to reform FMs and were blocked by Frank, Dodd, Waters, et al

                                  :laugh: Another good laugh. The FM's aren't responsible for this mess and those dems didn't block any reform. You've already forgotten the control the R's had over the House when they were in control? If they had wanted to do something, a handful of dems could not have stopped them.

                                  BoneSoft wrote:

                                  But to you it's all Bush's fault?

                                  No, I didn't say that at all, but as usual you are not listening. That would only contradict the ridiculous narrative that you have invented in that fevered brain of yours. I've said it twice already, but I'll say it again: The guys with the money. The guys who bought securitized debt and leveraged it 25 fold. If you want to personalize it - those are the guys. Lehman brothers and all the rest.

                                  B 1 Reply Last reply
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                                  • B BoneSoft

                                    Really[^]? Count up the number of "R"s in front of the names blocking FM reform, or thos with selective memory of the past.

                                    oilFactotum wrote:

                                    This did not happen overnight.

                                    Right, but it couldn't have been more than 8 years... Right? :rolleyes:


                                    Visit BoneSoft.com for code generation tools (XML & XSD -> C#, VB, etc...) and some free developer tools as well.

                                    O Offline
                                    O Offline
                                    oilFactotum
                                    wrote on last edited by
                                    #34

                                    BoneSoft wrote:

                                    Really[^]?

                                    Really??? September of 2008? :laugh:

                                    BoneSoft wrote:

                                    Right, but it couldn't have been more than 8 years... Right?

                                    Didn't say that, did I? In fact I said it has some roots further back than that. But, hey, I understand your incapacity to listen. :rolleyes:

                                    B 1 Reply Last reply
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                                    • O Oakman

                                      oilFactotum wrote:

                                      This did not happen overnight.

                                      Nor did it happen in just the last eight. It can be traced back to the Clinton years quite easily. Which is not to say that the Bush Aministration's commitment to deregulation did not exacerbate the problem tremendously. Ultimately it goes back to Nixon who destroyed the last connection between a dollar bill and anything of value. Once money was money only because the Secretary of the Treasury said it was, the American economy was royally frucked.

                                      Jon Smith & Wesson: The original point and click interface

                                      O Offline
                                      O Offline
                                      oilFactotum
                                      wrote on last edited by
                                      #35

                                      Oakman wrote:

                                      Nor did it happen in just the last eight.

                                      Didn't say it had.

                                      Oakman wrote:

                                      It can be traced back to the Clinton years quite easily.

                                      And earlier, as I have already said.

                                      Oakman wrote:

                                      Which is not to say that the Bush Aministration's commitment to deregulation did not exacerbate the problem tremendously.

                                      Which I agree with compeletely.

                                      1 Reply Last reply
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                                      • B BoneSoft

                                        BS. But when Obama starts tearing down the demoncracy, we'll see if you hold them to the same standard or continue to blame all the world's ills on the GWB 8 years.


                                        Visit BoneSoft.com for code generation tools (XML & XSD -> C#, VB, etc...) and some free developer tools as well.

                                        O Offline
                                        O Offline
                                        oilFactotum
                                        wrote on last edited by
                                        #36

                                        BoneSoft wrote:

                                        But when Obama starts tearing down the demoncracy,

                                        If he does, he will only be building on Bush's great work!

                                        BoneSoft wrote:

                                        we'll see

                                        Yes, we will.

                                        BoneSoft wrote:

                                        continue to blame all the world's ills on the GWB 8 years.

                                        What a ridiculous statement.

                                        B 1 Reply Last reply
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                                        • O Oakman

                                          Rob Graham wrote:

                                          You forgot

                                          Seems to me, that a lot of our problems started under Alan Greenspan, the man most responsible for controlling the economy from 1987 to 2006. He, more than most, ecouraged a debt-driven economy as a replacement for the manufacturing-driven economy we once had.

                                          Jon Smith & Wesson: The original point and click interface

                                          R Offline
                                          R Offline
                                          Rob Graham
                                          wrote on last edited by
                                          #37

                                          Yep. It supported his theory of controlling economic fluctuations using interest rates. Sadly, he appeared to succeed, so we were all fooled into believing that we needed no other tools.

                                          O 1 Reply Last reply
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