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

The solutions offered will not work. The President is trying to resurect the New Deal, but doesn't have the imagination that FDR did. He isn't creating any jobs, he is funding dependency.

Yeah, I am angry and it has nothing to do with Rush.

I was going to post that myself, Chuck. You beat me to it. Great article. You can trust Paul Krugman to spell it out in language even an economics moron (like me!) can understand.

Source please. I realize that asking you for a source is like asking a stone for water, but on this board it's an accepted practice. So. Source, please.

Hmm. All this time you've been telling us you come here to pi$$ off liberals. Misery loves company eh? Careful though, Ma. It also acquaints a man with strange bedfellows.

ma, you pose this question in the context of liberalism yet i can't recall a group more delusional in their cups of this entitlement to which you refer than the republicans. again, rush speaks and the rush-publicans parrot his disinformation in an effort to see this president fail. and please, spare me the disingenuous speech about not wanting to see this president fail.

That's funny, Ma, I see it as the last gasp of Conservatism, a failed political philosophy clinging to the straws that broke the camel's back.
Rush Limbaugh hoping against hope that Obama will fail so that he will be proven right.
And what happens when the economy recovers? It will you know. And it wont wait for a republican to get elected before it happens. Then what Ma? You and your cronies will rewrite history and take the credit for that success just like you revise it and blame others for your mistakes. It's sad and it's pathetic.

it's interesting, greger, to listen to the many rush-publican elected officials talk about how we are catching up with europe in their economic and political structure. perhaps, just perhaps, your assessment that the conservative movement has failed does mean we are finally waking up to what the rest of the world knew long ago: ayn rand is dead.

This would be PC run amuck. Banks were in the business to make money. If they wouldn't loan money, it was because the data said it was a bad bet to loan money into that area. I know, that is so politically incorrect, but the solution was always to move to an area they would loan you the money for.

What is forgotten is the banks, in theory, are using the customers money to make money. I posted significantly on this subject when the first $800M was being thrown away. It is still in RR somewhere.


http://www.bizjournals.com/albany/stories/1997/11/03/focus1.html

Is that article supposed to demonstrate a link between our current financial crisis and "irresponsible lending practices by banks under pressure from the federal government"? If so, I'm afraid it's from the wrong century, Ma. How does this article, written in 1997, confirm a connection to events that didn't start happening until ten years later?

The article posted by MA reports on the settlement of a lawsuit filed by the government against a bank based on the Fair Lending Act. One of the purposes of the FLA was to attack the decades old (and very racist -- oh, I'm so PC )practice of red-lining. It did not require banks to lend to bad credit risks. It simply required banks to lend to credit worthy customers regardless of whether or not they lived in a "red-lined" neighborhood.

This is a most amazing thread. I've been snowed in for 2 days waiting until the more prosperous neighborhoods got 'turned back on' so that they would then come to my neighborhood and turn ours on. My middle class (to lower)working neighborhood. LOL our interior roads were clear by noon of the first day solely because these folks HAD to get to work so they slid up(and down and up again) the hill often sideways, until they got out. Today when I finally got back out to get to work the wealthier neighborhood streets are still pretty icy.
This may seem off topic but I think not. I will tell you this, not many people in my neighborhood have health insurance. When THEY (and me) get our tax cut (stimulus) we'll spend it on much needed necessities.
I'm a real loser in the economics department but sure sounds better than giving the money to rich people who won't need to spend it.

Most everything that I would say has already been said. I'm too late to be much of a player here but I can't let pass an opportunity to say just a couple of things.

First off my husband is a retired CPA. He says all you have to do is a few tax returns and financial statements for rich people to see what that world is really like. Talk about a sense of entitlement!
The reason he got out of the accounting business is because he was being asked to sign off on fraudulent statements. Remember Arthur Anderson?
He refused to do it even after being offered large quantities of money.

Nobody has worked harder and been more honest and played by the rules than us, Ma. I promise you we do NOT envy rich people though. I've got two wealthy brothers. I turned my back on that. I couldn't live like that. All I want is for rich people to stop taking from the system what is not theirs. They've got enough already!
I've taught my daughters to be grateful for the privileged upbringing (not rich except in encouragement and love) and to give back to the system that has allowed them to thrive so well. One daughter is in Montana doing a stint with AmeriCorps. The other one is a young mother who has recently started working with Pennies for Peace....a project to raise money for schools in 3rd world countries.

The other thing is to comment on what Ardy said about personal responsibility about what has happened to your money ("your" is being used generically here).
We had some money in the market for a little while back in the 90s. When everything started getting sucky and he saw the mentality of those making financial decisions in the country (his exact quote would be an infraction of the guidelines here so I've cleaned it up ). He pulled everything out.
We've lost nothing. All our savings are in CDs....plodding slowly but safely along.

I want to add my kudos to this post too.
Good one, Steve. I agree.