AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jun 23, 2011 16:13:21 GMT -5
They had full control from January 2009 until January 2011. Republicans have had control of one half of the legislative branch for less than 7 months. Is blaming Republicans really going to work? It would appear this is their strategy. We already know Democrats caused the real estate disaster, but that doesn't seem to resonate with too many people. Are Republicans really gonna get the blame for Obama and the Democratic Party's disasterous two years? Turbin and Chuckie seem to think so... www.huffingtonpost.com/2011/06/22/dick-durbin-chuck-schumer-republicans-economic-sabotage_n_882170.html
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EVT1
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Post by EVT1 on Jun 23, 2011 16:24:23 GMT -5
We already know Democrats caused the real estate disaster, but that doesn't seem to resonate with too many people. Bullshit usually doesn't.
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jun 23, 2011 16:32:52 GMT -5
We already know Democrats caused the real estate disaster, but that doesn't seem to resonate with too many people. Bullshit usually doesn't. Bullshit works pretty well. It's cutting through it that is touch and go. Democrats have done a pretty good job re-writing the history of the civil rights movement, and the housing crash (to say nothing of the cold war), and they're still pumping European style social welfare state policy even as Europe is in economic turmoil as a result of it. Oh, for those of you that aren't yet certain the Democrats-- almost exclusively with some minor help from Republicans-- caused the housing crash, get reading: www.amazon.com/gp/product/0805091203?ie=UTF8&tag=theofficiw0c2-20&linkCode=as2&camp=1789&creative=9325&creativeASIN=0805091203
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jun 23, 2011 16:37:23 GMT -5
And by the way- the author, and the reviewers aren't exactly from the who's who list of right wing pundits.
Review "Gretchen Morgenson is a national treasure. Year after year, she has dragged Wall Street miscreants out of the shadows, exposing their dirty secrets to the public that they bamboozled with schemes and deceits. Now, working with Joshua Rosner, she has trained her expert eye on the mortgage mess that pushed the American economy to the brink. In stunning detail, Morgenson exposes the truth behind the worst financial calamity of modern times, weaving a tale that is as mesmerizing as it is horrifying. Reckless Endangerment names the names and reveals the secrets of the plutocrats and politicians whose greed and recklessness threatened the foundations of capitalism. It is essential reading for anyone struggling to understand how America entered the new era of financial chaos."—Kurt Eichenwald, New York Times bestselling author of Conspiracy of Fools and The Informant
"Even before Reckless Endangerment, Gretchen Morgenson was my nominee for Reporter of the Decade for her forensic and prophetic coverage of Wall Street. Now, she and the equally talented sleuth Joshua Rosner, like Holmes and Dr. Watson, have pieced together the clues to a seminal mystery of the financial debacle: how American taxpayers were suckered by the shenanigans, greed, egos, back scratching, and guile of financial and political elites who swarmed like vultures around Fannie Mae, picking it clean of oversight and accountability while its executives gorged themselves on the spoils. Naming names and taking no prisoners, they drill deep into one of the most disturbing scandals of our time, perpetrated in the name of helping "the little guy." Read it and weep. Read it and vow: Never Again!—Bill Moyers, journalist, and President, Schumann Media Center
"Morgenson and Rosner have written the long-awaited volume that gets to the heart of the mortgage crisis. The fearlessness and breadth of reporting make the book as compellingly readable as it is exhaustive. Reckless Endangerment is a remarkable achievement—and should be required reading for all Americans."—Bryan Burrough, Vanity Fair special correspondent and bestselling author of Barbarians at the Gate and The Big Rich
"Gretchen Morgenson and Josh Rosner show us how, over the last fifteen years, the mortgage lending industry used money and political influence to escape regulation, enrich itself, and create a catastrophe. Particularly in its dissection of Fannie Mae, Freddie Mac, and their enablers, this book is unmatched in its depth and invaluable to anyone interested in the causes and lessons of the financial crisis."—Charles Ferguson, Academy award-winning director of Inside Job
"A chilling account of the reckless disregard for ethical or civilized values at the heart of our financial system. If this compelling history does not completely turn your stomach, that's good - because by bailing out these individuals, their attitudes, and their way of life, we have set ourselves up for another nauseating turn of the Financial Wheel."—Simon Johnson, co-author of 13 Bankers: The Wall Street Takeover and The Next Financial Meltdown
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EVT1
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Post by EVT1 on Jun 23, 2011 16:54:22 GMT -5
Sounds like a good book. Blaming it all on Democrats is pure bullshit, however. In fact, the severity of the crisis and need for bailouts can be laid squarely on Phil Graham and deregulation- if not for that we could have just sat back and watched the Wal-Street bankruptices, maybe had a few beers while companies like Goldman crumbled.
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jun 23, 2011 17:11:48 GMT -5
Read the book.
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Post by marshabar1 on Jun 23, 2011 17:40:07 GMT -5
We already know Democrats caused the real estate disaster, but that doesn't seem to resonate with too many people. Bullshit usually doesn't. Except with Democrats.
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Post by marshabar1 on Jun 23, 2011 17:43:07 GMT -5
Can't decide whether to buy it or not. We've kept up pretty well with all the ins and outs of this business from the start. Forgotten a lot about the exotic derivatives and stuff but feel like I've got a good handle on what happened. Is there anything new in the book or does its value lie in having the info all together? Did you learn anything?
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Deleted
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Post by Deleted on Jun 23, 2011 18:08:12 GMT -5
Do Democrats Really Think It'll Work?
Of course it will work with their own party. Democrats will believe anything. Think I'm kidding? How about the idea of "spending your way out of debt". If they fell for that they will fall for anything.
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hello fromWarsaw
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Post by hello fromWarsaw on Jun 23, 2011 19:05:32 GMT -5
Of course, the OP is FOS. The pubs have obstructed EVERYTHING since Scott Brown took his seat in late 2009. Great job, Brownie!
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hello fromWarsaw
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Post by hello fromWarsaw on Jun 23, 2011 19:18:56 GMT -5
"how American taxpayers were suckered by the shenanigans, greed, egos, back scratching, and guile of financial and political elites who swarmed like vultures around Fannie Mae, picking it clean of oversight and accountability while its executives gorged themselves on the spoils. " "Financial and political elites"?= Pubs... 80%+ of the damage was done with Pubs in charge, and everyone knows it. Moyers would NEVER agree with your conclusion Dems mainly did it. NEVER! For example, what Bush appointee was in charge of the SEC? Talk about the fox guarding the chickens...
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hello fromWarsaw
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Post by hello fromWarsaw on Jun 23, 2011 19:24:29 GMT -5
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Post by holyofholes on Jun 23, 2011 19:31:55 GMT -5
The OP was hilarious.
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Post by Savoir Faire-Demogague in NJ on Jun 23, 2011 20:59:33 GMT -5
They had full control from January 2009 until January 2011. Republicans have had control of one half of the legislative branch for less than 7 months. Is blaming Republicans really going to work? It would appear this is their strategy.
They actually had control after the 2006 elections. In 2007 and 2008 Bush was nonexistent. Exactly when the markets headed south.
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Politically_Incorrect12
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Post by Politically_Incorrect12 on Jun 23, 2011 21:40:19 GMT -5
One of the problems with elections every 2 years, the party in the minority tries to prevent things from getting too good before the elections in hopes of gaining a majority....and then the cycle starts over again.
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chiver78
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Post by chiver78 on Jun 23, 2011 22:03:40 GMT -5
One of the problems with elections every 2 years, the party in the minority tries to prevent things from getting too good before the elections in hopes of gaining a majority....and then the cycle starts over again.
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jun 24, 2011 0:26:40 GMT -5
One of the problems with elections every 2 years, the party in the minority tries to prevent things from getting too good before the elections in hopes of gaining a majority....and then the cycle starts over again. I think we've reached the point where the voting public sees through a lot of this now. 16% to 17% unemployment tends to get people focused.
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jun 24, 2011 8:51:21 GMT -5
Obama has been an economic wrecking ball. His answer to everything is massive spending, and he laughs about wasting trillions of dollars- this could be the ONLY Republican ad and it would kill Obama's chances:
Ha ha, very funny azzhole. Just wasted a trillion dollars. Oopsie daisy! ha ha ha
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jun 24, 2011 8:52:50 GMT -5
Same a** clown things high gas prices are funny, too!
Complete disrespect. Contempt. ha freakin' ha!
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jun 24, 2011 8:53:15 GMT -5
Obama is a shovel ready project. Time to shovel his ass OUT of the White House.
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Bluerobin
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Post by Bluerobin on Jun 24, 2011 11:01:46 GMT -5
Sad fact of the matter is Republicans behaving badly is what will ensure Barry a second term. That and no viable candidate. Maybe they should waste more time passing a few more symbolic laws that appeal to the lunatic fringe, but don't stand a chance of going through. Maybe it is really time for bipartisanship and getting something done.
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jun 24, 2011 14:00:34 GMT -5
Sad fact of the matter is Republicans behaving badly is what will ensure Barry a second term. That and no viable candidate. Maybe they should waste more time passing a few more symbolic laws that appeal to the lunatic fringe, but don't stand a chance of going through. Maybe it is really time for bipartisanship and getting something done. You can't meet evil in the middle. Our real representatives in Washington, those that have not joined the revolution, have taken an oath to support and defend the Constutition against ALL enemies-- foreign AND domestic. Democrats have to be stopped. The spending, which has been instituted by Democrats and the Obama regime is treason. It is being done deliberately to destroy America and the spending has to STOP NOW.
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Shirina
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Post by Shirina on Jun 24, 2011 14:38:37 GMT -5
Republicans were blaming Obama for the recession even before he took office, so it could work.
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Shirina
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Post by Shirina on Jun 24, 2011 14:42:07 GMT -5
If we don't stop it now, the spending will cause a tear in the space-time continuum allowing trillions of evil socialists to pour into our reality from our evil twin universe! Even the kitties are aghast at such a calamity! (Someone else's hysteria is so easy to parody.)
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Bluerobin
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Post by Bluerobin on Jun 24, 2011 14:42:12 GMT -5
PBP do you mean the Spending on two wars started by the Republicans? I agree, it has to stop. So does all forms of foreign aid and spending for troops overseas. We have a ton of things to fix, and the Pubs are doing as little as the Dems. Everyday, I wish for a viable 3rd party. Something has to give to change things, and the entrenched parties are a big part of the present problem.
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Post by bubblyandblue on Jun 24, 2011 15:28:28 GMT -5
The sad fact is these raving lunatics - right of right republicans posting on this board are so vitriolic that they can not see straight. Indeed, like the weak and cowardly, they blame and name all the bad they see on the other side because it reflects their own inadequacies. It's evident that when presented with facts they will deny and blame the other side because they are cowards (I said it and I don't retract it). They don't wish to stand united despite the problems being faced by this country. Compromise to them is to throw out the ridiculous, most backward and illogical idea - then expect the other side to actually compromise somewhere in la-la land. I have not seen this lunatic fringe yet do anything for this country - it's just to make themselves feel above others - nothing to do with our countries problems - just their party. I see the republican fringe playing pin the tail on the donkey - they have yet to come forward with any coherent plan. The only thing they blame is this country's weakest - the cowardly bully ---- Moreover, the demonstrated actions by these cowards indicate a lack of even the most fundamental concepts of our country, our heritage and all those who died for us so that we can have what we have, about taxes, tyranny, liberty, freedom, basic fundamentals of equality, our constitution and the long history of law - they just can't bring themselves to rise above the vain and their own anger. They talk of revolution but, the enemy, they can not identify, they talk only of stopping democrats instead of finding out the real cause of our misfortunes - they over simplify and ramble, ruminate and fume like a child kicking and screeming on the floor. Boehner holds his breath until he gets what he wants - his little weak kneed temper tantrum. Those of you arguing with these fringe folks (on both sides) waste your time (as I have) here trying to push logic and information (fact) onto these IDIOTS in their tantrum and self absorbed make believe land - It just won't work. They have deluded themselves to the point where, when the truth confronts them - they will deny, deflect, pout, cry and never see any truth. From what I see - the republicans would like to see as many sick people, homeless people, fellow countrymen - see all the wretched flung to the ground and trampled over - divorce humanity from our Constitution and go back to the good old days - when the kings ruled and the lions preyed. Anyone who does not conform to their delusional world - based on nothing at all except jungle law - must be thrown under - it's proved in virtually every post - nothing for the common good, nothing for the betterment of the human condition - everything for the non-existent world of their making. Republican chicken hawks, get us into war not through information but through disinformation, scare everyone through made-up facts, hide behind your bravado and, it does not change the fact that these republicans were cowards, cheats, thieves. Create new laws based on fear and disinformation, commander in chief fails the wars and wants to blame rummy - A coward that Bush was and his little group of chicken hawks. The president Bush swore to uphold the constitution yet, as commander of our military, he allowed torture - Republicans - they have shown that they regard the common man as a cowering fool...void of bravery and the rest of you pubs want us to fear also - so we can become a part of your fantasy world. When you fringe jackasses want to continue your divisive twaddle - I may spare some time in putting you in your place - but, I am going to go further up the line than these areas of festering cowardice - these areas of ferment - these areas of pre-cancer bullshit coming from the Republicans and the fringe fringe delusional.
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Shirina
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Post by Shirina on Jun 24, 2011 15:32:57 GMT -5
This line all by itself deserves a karma point and several rounds of applause. The rest of your posts deserve several more karma points, but alas, I am restricted to only one per hour. I rarely give karma, and it is even more rare for me to announce it when I do. But in this case ...
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jun 24, 2011 17:54:22 GMT -5
PBP do you mean the Spending on two wars started by the Republicans? I agree, it has to stop. So does all forms of foreign aid and spending for troops overseas. We have a ton of things to fix, and the Pubs are doing as little as the Dems. Everyday, I wish for a viable 3rd party. Something has to give to change things, and the entrenched parties are a big part of the present problem. Obama is right. We spent a decade and a trillion dollars on two wars. However, Obama has proposed borrowing $1.67 trillion dollars just in fiscal 2011. That's borrowing- not spending. In one year. So, while you're right; and I'm principled enough to admit we spent too much on war, we spend too much on the military in general, we do too much militarily, and there's plenty of fraud and waste we could look at-- we have to be honest about the real problem: Obama, the fiscal wrecking ball.
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jun 24, 2011 17:55:23 GMT -5
This line all by itself deserves a karma point and several rounds of applause. The rest of your posts deserve several more karma points, but alas, I am restricted to only one per hour. I rarely give karma, and it is even more rare for me to announce it when I do. But in this case ... figures you'd like it. no substance whatsoever.
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Post by bubblyandblue on Jun 24, 2011 18:06:57 GMT -5
Palm, Post some substance. Frankly, tell me how we arrived at this point in our nations history. List it out. Don't give me the periphial symptoms like...illegals, welfare queens, lazy slobs, health care, social security etc.. I hope you understand these are symptoms - so give me the low down.. what got us to this point. Tell me how we had such a dynamic economy one day and, the next not so much. Put it out their for us to discuss. No red herrings, no rant how dangerous solar flares are cuased by democrates. Move beyond partisonship and into what got us here....enlighten me without immature blow offs like "figures you'd like it. no substance whatsoever." Await your considered and thoughtfull reply.
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