as opposed to the train Obama has created? so it still stands- bush deficit “off the cliff”, Obamas deficit gets a *yawn*...

then he should not have promised and made a huge hubub about the stimulus that just could not wait. HIS people, Roemer et al all said the stimulus would slow job loss and top it out at 8.3%....well? Using the Bush yardstick, either he lied flat out or is incompetent...you pick...

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"The captain has turned off the `No Dubbing' sign. You are free to speak any language you choose."

You are putting the cart before the horse. IF banks had not been told to start loaning to sub primers and others whom had no bus. owning a home, relaxing standards for almost everyone, which they HAD TO do to qualify these folks none of this would have happended.......the gov. lauded F&F bus practices that were insane, on our dime. Short term politcal gain and screw the consequencs and the future...same old same old.

Its really very very simple- the democratic party principal, philosophy of everything for everyone. Deconstructing here to fore solid bus. practices forced wall st and the banks go to the drawing board and think up ways to redefine a model so they could still make money, that IS what they are in bus. for. Blaming them may be gratifying but is hardly honest.


Again, cart before the horse, and it adds up to a ton, the CDO's were a recipe to squeeze money out of a dysfunctional system.....its not just mortgage payments goober its an industry , co's that bought land to build on instead of optioning it, the houses built that can not be sold, but yet who's materials still have to be paid for, land taxes that empty homes sit on that have to be paid by someone, etc etc...

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"The captain has turned off the `No Dubbing' sign. You are free to speak any language you choose."

yeah, i know. the whole stimulus thing is so anti capital.

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well actually, it is in effect.

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"The captain has turned off the `No Dubbing' sign. You are free to speak any language you choose."

i know, it is eroding capitalism as we speak. private owners of capital are losing big time here.

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Absolutely correct. It's funny that we have people calling for more regulation when the regulations already on the books are not being enforced. Kinda like we need more gun laws cuz 20,000 isn't enough.

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"If you think about it, UPS and FedEx are doing just fine," he said. "It's the post office that's always having problems." Barack Obama on government run healthcare. 08/11/2009

American by birth.
Conservative by the grace of God.

Still sore about the war of northern aggression.

Were this 2012 you might have point. It is not, however, and you simply have no leg to stand on. You simply CANNOT turn a huge train, a supertanker or the economy of the world's largest nation, around in anything under a specified, and rather large, period of time. There is also the undeniable fact that the only alternative your side has offered us is to turn the economy into ashes and hope we can somehow rebuild something before we all starve to death.

Project much? You are taking the very LIE your side has been telling us all along, turning it about and throwing it back at us. A very clever trick and it might work with those stupid enough to still believe you about Iran after Iraq but the rest of us have learned to examine what Republicans tell us with the greatest care and a jaundiced eye. The flaw in your proposition is as obvious as the WMD were missing. How could the Democrats, who were not even the party in power, force the banks, who themselves are powerful enough to force the the government to give them 700 bill, to even pay attention to them, let alone to run themselves into ruin at their behest? It makes no sense whatsoever, but then neither does continuing to stand by principles and practices that have led us to economic chaos.

Also, the few piddling losses from overbuilding etc are a drop in the bucket compared to the amount that was lost in derivatives.

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Alizee Jacotay, the reason god invented hips

LOL .. the Senate has a super-majority, and it sounds like you don't know what that means.

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Hmmm .. if the rich have had a free ride, why have they paid the majority of taxes over the last 8 years? How about the low-life scum that gets earned-income credit? Now that is a free ride.

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Yes, several decades. The paper money that was printed during the roaring twenties was covered by fdr by stealing the citizens gold in 1933. The paper money that was printed to help rebuild Europe after WWII largely went unredeemed until the additional paper money printed to fund the Viet Nam war and LBJ's welfare state started coming home to roost in the late 1960s, causing Nixon to close the gold window in 1971. So for at least 38 years, the scam has "worked", but the mother of all scams promises to end very badly. My guess is that WWIII will be the result.

First of all, we aren't in a depression, secondly, the stimulus package was mandated as a necessary evil because it would INSTANTLY create jobs -- even the bogus, laughable graph the administration provided indicated this. There was even talk of growth of 800,000 - 1.2 million jobs by 4th quarter 2009.

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Here you go Danny .. here's the graph that was published .. notice the immediate impact on jobs:

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Borrowing and investing might get you rich, but borrowing and spending never will, whether you are an individual, or a nation. We came out on top after WWII because:

A) Our side won.
B) Our homeland suffered no destruction.
C) The Bretton Woods agreement made the U.S. dollar the de facto world reserve currency.

Item "C" was probably the most important of the three.

Yup - that's what Obama's team said would happen if we didn't immediately pass the stimulus bill. IIRC, he used some limp fire department analogy to bolster the claim that this was an emergency, and we had to pass this bloated borrow-and-spend-as-fast-as-we-can bill.

Now we see that Obama's claims were bullshit, and this massive spending splurge did not have the effect he claimed.

So his drones shift theories and tell us that if we hadn't done it, thing would be "even worse". Apparently, when you sign on to be an Obama follower, you renounce the ability to consider - even for a second - that he might have been wrong.

It's pretty funny really. Or would be, if we weren't bankrupting our children to pay for the error. Of course, many of Obama's most ardent supporters here don't have to pay a dime for it, like Danny.

Matt

then he should never had made claims to do so or advertise the bill as the end all be all, a propaganda coup to be sure as the stimulus was never going to do what it was advertised to do, its was a 40 year grab for things they could not normally get though in a straight legislative vote or votes previously, as one example, relaxing welfare standards that Clinton signed and worked etc.

Stop grilling me and grill your guy. HIS mouthpieces made the promises with his hearty fulsome sppt. now that its going south or has not delivered, don’t take it our on me, take it out on him.


well a simple google of whom defended F&F whom created CRA and the like and who's philosophy is was and is, top down tax and spend drains, did bush enable some of this hell yes, are there rep.s whom got on board sure, and we all know, once laws or changes are enacted where in the populace is bought, woe to anyone who fucks with it, you know it, I know it, a rare victory was the Clinton/rep. congressional welfare reform, even after they pulled out the stops, kids starving families wrecked etc...none of it appended but that doesn't mean you touch that third rail if you don't have too.

As far as pressure, you don’t have to have a congressional mandate to make phone calls ( ala Andrew Cuomo) and express your strident interest as to banks making loans on par with the 1992 bill passed in congress allowing F&F to start the whirlgig going. And it aint over either.



VDARE.com: Blog Articles Treasury Announces Bailout Plan For Fannie Mae An-d Freddie Mac–The TRILLION Dollar Consequences Of “Anti-Discrimination” Campaigns

Obama seeks to mandate more risky, low-income loans by banks, in new financial rules


IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- Congress Lies Low To Avoid Bailout Blame

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"The captain has turned off the `No Dubbing' sign. You are free to speak any language you choose."