donnaplease wrote:SOMEBODY needs to step up and hold these people accountable. I believe that John McCain will do that before Barack Obama will.
Yes, and he could start by firing his campaign manager.
Moderator: Andrew
donnaplease wrote:SOMEBODY needs to step up and hold these people accountable. I believe that John McCain will do that before Barack Obama will.
donnaplease wrote:Rick wrote:donnaplease wrote:
Yo, Rick. It seems you're forgetting this one little detail... 9/11 preceded Bush's 'war'. When 9/11 happened, EVERYTHING changed. How things might have been different is certainly debatable, but you can't blame it all on Iraq. Sorry, I just don't buy it.
Yo Donna. How ya doin?9/11 had nothing to do with Iraq. Bush had plans to invade Iraq before 9/11.
Hiya Honey!!!![]()
I don't believe that for a minute, Rick. And even if it were true, none of the war talk really has anything to do with all the BS that's going on now. Greed and unethical behavior between our legislators and the assholes on Wall Street, that's what the new crisis is. Blaming one party over the other isn't getting to the root cause of the problem, IMO. Both sides have their fair share of 'patriots and pinheads' (to quote BOR). SOMEBODY needs to step up and hold these people accountable. I believe that John McCain will do that before Barack Obama will.
Of course, it's just more convenient to sit back and point fingers for the next 30 days than to actually hold folks accountable...
Lula wrote:well dog gone it sarah is in so cal and she didn't call me!
now she spouts, as she wrinkles up that cute nose of hers, that barack is "palling around with terrorists" that target their (this) country. who the heck is she talkin bout anyway??
Lula wrote:well dog gone it sarah is in so cal and she didn't call me!
now she spouts, as she wrinkles up that cute nose of hers, that barack is "palling around with terrorists" that target their (this) country. who the heck is she talkin bout anyway??
Fact Finder wrote:Rick wrote:Fact Finder wrote:Bush had plans to invade Iraq before 9/11.
Says who?
I fully expect this to be blasted, but Lindsey Williams.
Don't know about Lindsey, post a link.
Gunbot wrote:Rick wrote:Fact Finder wrote:Bush had plans to invade Iraq before 9/11.
Says who?
I fully expect this to be blasted, but Lindsey Williams.
Rick,
Is that Grodin? “Midnight Run” and “Heaven can wait” are freakin awesome.
Lula wrote:well dog gone it sarah is in so cal and she didn't call me!
now she spouts, as she wrinkles up that cute nose of hers, that barack is "palling around with terrorists" that target their (this) country. who the heck is she talkin bout anyway??
Rick wrote:Gunbot wrote:Rick wrote:Fact Finder wrote:Bush had plans to invade Iraq before 9/11.
Says who?
I fully expect this to be blasted, but Lindsey Williams.
Rick,
Is that Grodin? “Midnight Run” and “Heaven can wait” are freakin awesome.
No, as 7 said, it's John Cleese from Monty Python. One of my favorite comedians. Love Charles Grodin too though. His appearances on David Letterman kill me.
donnaplease wrote:Lula wrote:well dog gone it sarah is in so cal and she didn't call me!
now she spouts, as she wrinkles up that cute nose of hers, that barack is "palling around with terrorists" that target their (this) country. who the heck is she talkin bout anyway??
She's talking about William Ayers.
Gunbot wrote:Rick wrote:Gunbot wrote:Rick wrote:Fact Finder wrote:Bush had plans to invade Iraq before 9/11.
Says who?
I fully expect this to be blasted, but Lindsey Williams.
Rick,
Is that Grodin? “Midnight Run” and “Heaven can wait” are freakin awesome.
No, as 7 said, it's John Cleese from Monty Python. One of my favorite comedians. Love Charles Grodin too though. His appearances on David Letterman kill me.
Have you seen “Romance With A Double Bass”? John's exwife is in it with him, funny as hell.
The_Noble_Cause wrote:donnaplease wrote:Lula wrote:well dog gone it sarah is in so cal and she didn't call me!
now she spouts, as she wrinkles up that cute nose of hers, that barack is "palling around with terrorists" that target their (this) country. who the heck is she talkin bout anyway??
She's talking about William Ayers.
You mean the tenured professor at the University of Illinois?
I wonder if the Dean and student body know he is actually still a terrorist.
Duhhhhhhhh
conversationpc wrote:The_Noble_Cause wrote:donnaplease wrote:Lula wrote:well dog gone it sarah is in so cal and she didn't call me!
now she spouts, as she wrinkles up that cute nose of hers, that barack is "palling around with terrorists" that target their (this) country. who the heck is she talkin bout anyway??
She's talking about William Ayers.
You mean the tenured professor at the University of Illinois?
I wonder if the Dean and student body know he is actually still a terrorist.
Duhhhhhhhh
As if being a tenured professor really justifies anything in this case. Ridiculous argument. Anyway, he is not still a terrorist but he still espouses the same ideals.
Duhhhhhhhhh
Rick wrote:
conversationpc wrote:As if being a tenured professor really justifies anything in this case. Ridiculous argument. Anyway, he is not still a terrorist but he still espouses the same ideals.
Duhhhhhhhhh
The_Noble_Cause wrote:conversationpc wrote:As if being a tenured professor really justifies anything in this case. Ridiculous argument. Anyway, he is not still a terrorist but he still espouses the same ideals.
Duhhhhhhhhh
If he can garner the respect of fellow academics, faculty and students, I have a hard time picturing him as the Wile E Coyote TNT detonating cartoon you paint him as. Furthermore, Obama didn’t even know the guy when he was involved in any such activity.
This just serves to illustrate the GOPs contempt for the mass IQ of the American people.
7 Wishes wrote:Dead, dead wrong. Sorry, Dave and Lie Finder. You are just wrong on this one.
Blame for Fannie & Freddie belongs with Democrats
By Ross Balano, Midwest Voices Columnist 2008
From Barack Obama to Nancy Pelosi and on down the Democrat ladder can be heard the shrill voices blatantly lying through their teeth blaming George W. Bush for the collapse of Fannie Mae and Freddie Mac. This is simply not true.
In a New York Times article published September 11, 2003, The Times reported that indeed it was Bush who wanted more and tighter regulation. It was Bush who saw the problems in the future and proposed legislation to head off these problems with Democrats fighting against it.
You can read the entire article here but here are a couple of important excerpts:
“The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.”
“Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.”
“The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.”
''There is a general recognition that the supervisory system for housing-related government-sponsored enterprises neither has the tools, nor the stature, to deal effectively with the current size, complexity and importance of these enterprises,'' Treasury Secretary John W. Snow told the House Financial Services Committee in an appearance with Housing Secretary Mel Martinez, who also backed the plan.
“Mr. Snow said that Congress should eliminate the power of the president to appoint directors to the companies, a sign that the administration is less concerned about the perks of patronage than it is about the potential political problems associated with any new difficulties arising at the companies.”
And then goes on to say:
“Significant details must still be worked out before Congress can approve a bill. Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.”
''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
“Representative Melvin L. Watt, Democrat of North Carolina, agreed.”
''I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,'' Mr. Watt said.
For Democrats to try to lay the blame for this mess at the feet of Republicans alone is nothing less than shameful.
Barb wrote:I can't speak for anyone else, but if I found out one of my new friends was an unrepentant radical terrorist, he wouldn't be my friend anymore. Just sayin'.
Fact Finder wrote:Lula wrote:well dog gone it sarah is in so cal and she didn't call me!
now she spouts, as she wrinkles up that cute nose of hers, that barack is "palling around with terrorists" that target their (this) country. who the heck is she talkin bout anyway??
Did she fill up the Home Depot Tennis Stadium in Carson? That holds 13,000 doesn't it? , strange how she's filling up all these venues when she's so stupid and everyone hates her.
conversationpc wrote:Barb wrote:I can't speak for anyone else, but if I found out one of my new friends was an unrepentant radical terrorist, he wouldn't be my friend anymore. Just sayin'.
Yeah, you know that blowin' things up stuff just kinda puts a damper on the frienship a bit, doesn't it?
How the Democrats Created the Financial Crisis: Kevin Hassett
Commentary by Kevin Hassett
Sept. 22 (Bloomberg) -- The financial crisis of the past year has provided a number of surprising twists and turns, and from Bear Stearns Cos. to American International Group Inc., ambiguity has been a big part of the story.
Why did Bear Stearns fail, and how does that relate to AIG? It all seems so complex.
But really, it isn't. Enough cards on this table have been turned over that the story is now clear. The economic history books will describe this episode in simple and understandable terms: Fannie Mae and Freddie Mac exploded, and many bystanders were injured in the blast, some fatally.
Fannie and Freddie did this by becoming a key enabler of the mortgage crisis. They fueled Wall Street's efforts to securitize subprime loans by becoming the primary customer of all AAA-rated subprime-mortgage pools. In addition, they held an enormous portfolio of mortgages themselves.
In the times that Fannie and Freddie couldn't make the market, they became the market. Over the years, it added up to an enormous obligation. As of last June, Fannie alone owned or guaranteed more than $388 billion in high-risk mortgage investments. Their large presence created an environment within which even mortgage-backed securities assembled by others could find a ready home.
The problem was that the trillions of dollars in play were only low-risk investments if real estate prices continued to rise. Once they began to fall, the entire house of cards came down with them.
Turning Point
Take away Fannie and Freddie, or regulate them more wisely, and it's hard to imagine how these highly liquid markets would ever have emerged. This whole mess would never have happened.
It is easy to identify the historical turning point that marked the beginning of the end.
Back in 2005, Fannie and Freddie were, after years of dominating Washington, on the ropes. They were enmeshed in accounting scandals that led to turnover at the top. At one telling moment in late 2004, captured in an article by my American Enterprise Institute colleague Peter Wallison, the Securities and Exchange Comiission's chief accountant told disgraced Fannie Mae chief Franklin Raines that Fannie's position on the relevant accounting issue was not even ``on the page'' of allowable interpretations.
Then legislative momentum emerged for an attempt to create a ``world-class regulator'' that would oversee the pair more like banks, imposing strict requirements on their ability to take excessive risks. Politicians who previously had associated themselves proudly with the two accounting miscreants were less eager to be associated with them. The time was ripe.
Greenspan's Warning
The clear gravity of the situation pushed the legislation forward. Some might say the current mess couldn't be foreseen, yet in 2005 Alan Greenspan told Congress how urgent it was for it to act in the clearest possible terms: If Fannie and Freddie ``continue to grow, continue to have the low capital that they have, continue to engage in the dynamic hedging of their portfolios, which they need to do for interest rate risk aversion, they potentially create ever-growing potential systemic risk down the road,'' he said. ``We are placing the total financial system of the future at a substantial risk.''
What happened next was extraordinary. For the first time in history, a serious Fannie and Freddie reform bill was passed by the Senate Banking Committee. The bill gave a regulator power to crack down, and would have required the companies to eliminate their investments in risky assets.
Different World
If that bill had become law, then the world today would be different. In 2005, 2006 and 2007, a blizzard of terrible mortgage paper fluttered out of the Fannie and Freddie clouds, burying many of our oldest and most venerable institutions. Without their checkbooks keeping the market liquid and buying up excess supply, the market would likely have not existed.
But the bill didn't become law, for a simple reason: Democrats opposed it on a party-line vote in the committee, signaling that this would be a partisan issue. Republicans, tied in knots by the tight Democratic opposition, couldn't even get the Senate to vote on the matter.
That such a reckless political stand could have been taken by the Democrats was obscene even then. Wallison wrote at the time: ``It is a classic case of socializing the risk while privatizing the profit. The Democrats and the few Republicans who oppose portfolio limitations could not possibly do so if their constituents understood what they were doing.''
Mounds of Materials
Now that the collapse has occurred, the roadblock built by Senate Democrats in 2005 is unforgivable. Many who opposed the bill doubtlessly did so for honorable reasons. Fannie and Freddie provided mounds of materials defending their practices. Perhaps some found their propaganda convincing.
But we now know that many of the senators who protected Fannie and Freddie, including Barack Obama, Hillary Clinton and Christopher Dodd, have received mind-boggling levels of financial support from them over the years.
Throughout his political career, Obama has gotten more than $125,000 in campaign contributions from employees and political action committees of Fannie Mae and Freddie Mac, second only to Dodd, the Senate Banking Committee chairman, who received more than $165,000.
Clinton, the 12th-ranked recipient of Fannie and Freddie PAC and employee contributions, has received more than $75,000 from the two enterprises and their employees. The private profit found its way back to the senators who killed the fix.
There has been a lot of talk about who is to blame for this crisis. A look back at the story of 2005 makes the answer pretty clear.
Oh, and there is one little footnote to the story that's worth keeping in mind while Democrats point fingers between now and Nov. 4: Senator John McCain was one of the three cosponsors of S.190, the bill that would have averted this mess.
(Kevin Hassett, director of economic-policy studies at the American Enterprise Institute, is a Bloomberg News columnist. He is an adviser to Republican Senator John McCain of Arizona in the 2008 presidential election. The opinions expressed are his own.)
To contact the writer of this column: Kevin Hassett at khassett@aei.org
Last Updated: September 22, 2008 00:04 EDT
treetopovskaya wrote:i was there!
i'm no longer a political rally virgin. }:C)
there had to be more than 13,000 people... the place was PACKED!Fact Finder wrote:Lula wrote:well dog gone it sarah is in so cal and she didn't call me!
now she spouts, as she wrinkles up that cute nose of hers, that barack is "palling around with terrorists" that target their (this) country. who the heck is she talkin bout anyway??
Did she fill up the Home Depot Tennis Stadium in Carson? That holds 13,000 doesn't it? , strange how she's filling up all these venues when she's so stupid and everyone hates her.
conversationpc wrote:You must be the one with the IQ deficit. It's not me painting anything. Ayers painted this canvas all by himself.
Rick wrote:Dave, could you possibly add an elephant to the opposite side of your sig pic then?
The_Noble_Cause wrote:Bill Ayers is a senior professor of education who is more accomplished than anyone on this forum.
To keep referring to him as a radical terrorist is to cheaply play on post-911 fears and to insult the intelligence of the voting public.
You guys only win by appealing to the baser instincts of human nature.
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