Capitol Hill Blue Forums Political Issues The Obama Administration 6,825.42 Nice job Mr. President

There is nobody on RR that has more respect and hope for America than I do. I hope for the best, but expect less and less with each passing day. That is not hoping for failure, that is accepting reality.

The President has repeatedly told us not to expect the economy to recover anytime soon, it is the only thing he has told the truth about since he was sworn in, and he is creating the atmosp[here of failure for the economy.

knee slappin' baby, knee slappin!

I think this may explain George Bush's popularity (suych as remains), republicans - well one at least, seem to prefer it when their presidents lie to them.

so you hate big daddy govt, big lying govt is perfectably accetpable

just tell me that you love me, even if its not true, lie to me baby

All President Obama needs to say is that the "Fundementals of the Economy are Sound" and the stock market will skyrocket. That is what our Republican colleague is saying. In Ma's estimation this will make his lying 100% and will satisfy the Republican need to be lied to as well as the Republican beleif that whatever the President says comes true because he is just a figurhead....

That doesn't make any sense at all. If he tried to put a positive spin on this trashed economy he would be laughed out of office much as McCain got laughed at when he said it and Bush got laughed at when he......oh......I get it.

Ma,

I appreciate everything you've said and accomplished. It's commendable. My grandmother use to beat me with a broom and tell me that I was a loser and would never amount to anything more than the rest of my drunken bum family members. And believe me, in retrospect, I can't disagree with her. I had some awesome problems to overcome to become a responsible, dependable, and accountable human being.

Very few in my family knew how to spell college, much less go. I admit that I was a slow starter...a commrade degenerate, if you will, who busted my ass to overcome my self-destructive lifestyle. I did go to college and try to better myself.

But, my lifetime of busting my ass didn't and doesn't stop the insanity around me...especially with government and social issues beyond my capacity to unravel the diseases, much less come up with a cure for all of our character shortcomings and/or flaws.

I want to illustrate my thoughts about your view of seeing how a particular population is, or has affected your life, my life, and America's life.

To quote you from your late posting:


Do you really believe that? Do you believe that this is a one-sided social problem?

Do you not see the Legislative and Corporate roles connected to these millions of people jumping at the chance of grasping a piece of the unholy pie? You said that they couldn't read the agreements? Would it have really mattered if they could have read and understood the provisional risks?

What happened in our financial and economic worlds was every bit connected to laws being inacted that would remove restrictions on how banks, insurance companies, and Wall St. were able to compete. The target of those laws were the American Consumers.

What about all of the lending institutions who knowingly gave loans to consumers who they EXPECTED TO FAIL, WHO THEY WANTED TO FAIL? Why? Because DERIVATIVES game was a way to engage in the worst types of lending behaviors and get insured for future losses at the same time. I'm talking about a profound number of PREDaTORY lending companies who were stalking borrowers who were destined to fail. They didn't have a damn thing to lose...or so they thought.

All they had to do is bundle up these bad loans...and turn these bundles into secruities...which by the way is about the closest to cash that you can get, and sell and resell without the underlying instrument that was the initital collateral. That, my friend, is insane!

Now, we have a government, the lending institution, and market place all denying what the hell they did to bring down our financial and market stability.

Don't overplay human fault...such as being in a capitalist society who starts selling us something from the minute we wake up till the time we go to bed. We are force-fed the idea of the American Dream from birth. But there are limitations and boundaries attached to that dream. We've all known that all of our lives. That's what drives the human spirit of competition.

But in recent years...our government who wrote laws that told the lending institutions and market place that they now are open to compete, with little to no regulations...have the world to exploit their business practices on...DID JUST THAT.

By doing exactly what banks, insurance companies, and Wall St., they altered the limitations and boundaries that define the guidelines for achieving and pursuing success. In essences, the government and our corporations stole the need to want to work hard to acheive the American Dream.

Ma, I do respect your views...and I have on a number of occasions, without posting my thoughts and opinions...agreed with a lot of things that many in this forum profoundly disagree. But, that's just that residue of my old Republican stinking thinking. As I've repeated said. I'm not a Democrat, just recovering Republican. I'll never give my allegiance to another political party...EVER. Individuals who I deem worthy enough to vote for...and my vote will only be a temporary measure, then thereafter, he or she must work very hard earn my respect.

I clearly see how our government and corporations have exploited human nature to the fullest. They did so in a very parasitical way. They did what they did knowing that they were killing the host that fed them.

And what makes you think that that makes you any different than millions of other Americans who played by the rules and haven't been able to keep their homes and their cars and their insurance because of forces totally beyond their control? Notwithstanding the naivete which appears to inform much of your opinion, those people do, in fact, exist


No, it wasn't the sub-prime crisis that caused this mess. But I understand why you want to believe that to be the case. Believing that allows you to feed your resentment. See below.



Project much?



That's a lot of "resentment." Might even border on "jealousy."


And for their sakes, I just hope that if s*** ever happens to any of them (and s*** does happen) you won't call them undeserving or losers or people who can't compete or people who don't play by the rules or whatever name or label you employ to express your resentment of people who don't "measure up."


Bingo! That's exactly what the Recovery Act is all about.



Some people learn from history. Some people just ignore it.


Class warfare has been waged against the middle and working classes for thirty years in this country. Hopefully, that will be coming to an end soon.

I can almost pinpoint the exact moment when the whole thing started to go down the tubes. It was that period during the Clinton Administration when his AG stated she would prosecute lending institutions who did not loan money to high risk borrowers. That was the day when we became doomed. I don't assign blame wholely to Clinton though. Bush allowed it to continue, keeping interest rates so low that there was no reason not to take advantage of them. There was also the Republican Congress when confronted with doing the right thing and looking like they were doing the right thing they chose to look good instead of do good. Then there were the Dems who knew that Fannie and Freddie were in trouble but still defended it.

Everybody points at regulation as the problem, that is hogwash, although I will never understand how the bankers let this happen. A bank exists to make money. They take deposits in and loan them out at cost plus interest. It is a system that has existed before since Christ walked the earth, yet they allowed a complete and total failure to occur. Then there are the mortgage brokers, they are the ones who created the most mess. They would loan money to anybody and everything. There was plenty of regulation, the government regulated that lending institutions make bad loans. They regulated that they get creative with their lending packages. They regulated that they modify their age old and successful lending criteria in the name of political correctness.

There is plenty of blame to go around, and all of that blame has been equally earned. What I resent is that I really did play by the rules. I didn't buy a second house I couldn't afford. I didn't ignore the mortgage clause that told me that there was a balloon payment. In Massachusetts the bank is required to go over each clause and have the borrower initial them. I resent that my money, money that I could use to pay my bills, because I actually do pay them, will be used to bailout these deadbeats and scam artists. I don't begrudge aid to the person who has lost their job, or their husband, but I do begrudge the people who bought what they couldn't afford.

If that makes me heartless and elitist, then I am guilty as charged.

i wouldn't go that far, ma. misinformed? i think so. provincial? perhaps. angry? i don't think you would disagree. thing is, ma, you keep making the same arguments over and over and yet you fail to discuss the details of the present solution at hand. the rhetoric you rely upon sounds far too much like the rhetoric coming from rush, which is typically sans an examination of facts.

Revenge of the Glut

No, it wasn't the subprime mortgage crisis which got us where are now. It was an order of magnitude more complex than that. It involved actors on a global scale, not just Democrats who have controlled Congress for the past two years.

Where did this sense of entitlment come from? Where did you ever get the idea that you were owed something? I read your reply and I get the impression that you have been held down if some way. That you have been personally restricted from achieving your goals. I am sure you think that is the case, and even believe that you deserve what you don't earn. That is not the case.

As I have said, I will take care of my own. My children will always be welcome and will always feel comfortable. I have confidence that I have taught them well and I know that they do not expect anything for free. They will succeed and I will be proud, no matter what their economic situation.

I can follow this backward, and if you really wanted to you could also. The sub-prime banking crisis kicked off this mess. The root cause for the crisis is irresponsible lending practices by banks under pressure from the federal government. Out of those bad loans were made bad securities.

I may not be all that smart, a fact I readily admit, but momma didn't raise no fool. I will bow to your les than convincing argument because it is a waste of time to argue further.

This really is the last gasp of liberalism. When it fails this time, I hope it remains burried.