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

Cousin it said Fannie and Freddie packaged bad loans and sold them as securities? Citation please!

Ma said:

and then he said,



Reading those two sentences together, Ma's argument is essentially that the President who begins his 43rd day in office today is responsible for the current "financial stability and the health of our country", notwithstanding the fact that all of the acts or omissions which have led to the current financial crisis occurred, months, years, and even decades before January 20, 2009, and it will many months, probably years before our economy is healthy again. That shouln't surprise me because I've learned through discussions with Rushpublicans that understanding cause and effect is not their strong point.

The absurdity of Ma's position is probably nothing more than a reflection of the current desperation of the Rushpublican party. It has no ideas. It's policies, for the most part, have brought us to this point. And the majority of the American people clearly understand both of those facts. It's left wjth nothing more than what it does best, which is to make overly simplistic, fantasy based arguments, based on cliches and sound bites ("class warfare" anyone?)which targets and blames the most economically powerless class of Americans and hope that someone is listening.

As a matter of fact I commented often on RR that the banks were making bad loans that couldn't possibly be repaid. I had no idea that this would happen, but even my nightschool classes taught me that if a person makes $40K a year, he/she can't buy a $300K house and afford the mortgage, taxes and utilities.'

I am still waiting for somebody to show me the eror of my thought process. Some point to mortgage brokers, some point easy money, some point to bad judgement by banks, some even point to greed, but the root cause was the federally mandate that forced banks to loan money into traditionally bad investment areas. The fed blackmailed banks with threats of prosecution. They encouraged protests outside of banks, leaked info to the press, all in the name of diversity and political correctness. Banks that had been in business for a century were forced to ignore thier data and make loans that they knew would never be paid back, loans that were guaranteed by Fannie and Freddie.

There are some things people refuse to admit and this reality is one of them. In the nobel cause of bettering everybody, and I mean that, everybody got screwed. Sometimes bad things happen to good people, no good deed goes unpunished, life sucks then you die. Sometimes business practices are correct. I make no bones about it, given the choice between trusting the government or a businessman, the guy who knows how to make money wins every time.

The government is just a leech on society, sucking the blood out of us a little at a time. They have never turneda profit and never willingly given anything back to the people who it bleeds. In these days of big government love that will not be a popular sentiment. But this administration's economic policies have never worked in the past and probably will not work today. No, I am not rooting against Obama, but I am observing his policies. If they work I will take my beating, if they don't I expect the same.

The markets are a living breathing entity. They willreact to an event half way around the world ten minutes after it has happened. The argument that it has only been 43 days is rediculous. When Obama proclaims he is going to raise taxes the markets react in minutes, 43 days is an eternity on Wall St.

Once again I must repeat, I have a job. I cannot listenb to Rush and wouldn't even if I could.

So, what you're saying is that because, in 2011, the President wants the top tax rate to return to where it was before the Bush tax cuts were enacted, the market has tanked??? Is that really your argument???

In a previous quote, I stated that "cause and effect" was not a strong point of Republican thought and analysis. I present the above quote as evidence in support of my statement.

It doesn't matter if he says 2011, it is a lie. He has increased taxes by allowing tax cuts to expire. He has guaranteed tax incrteases by proposing trillians in spending on things that do not create jobs.

Look, you can be in the bag for this guy. You can spout the Dem party line about Rush, but in reality either you or I will be correct. It won't take long to figure out who. Come June or July, after say 180 days instead of the 43 you contend is too small a sample, if the markets have recovered and the jobs situation looks like it has started to recover, you will be right, if unemployment is at 10% and Obama has requested another $1T "stimulus", I will be right.

My guess is bet the under.

are you willing to give specific examples here? because it's apparent that there are a number of people on this board who disagree with you on this. perhaps you could educate us with some facts and links. that would be nice.

I don't have a job, Ma, but I feel the same way about Rush.

Still you parrot the false claims he makes, you point to Clinton(a democrat) and blame him for starting this whole ball of wax.
I point to Bush(a republican) who had Eight Years to correct the horrible Democrats mistake. What did he do? He started an unnecessary war.
If all this is so obvious to you, a simple working man, why couldn't an extremely powerful administration do something to reverse the trend? Were they battling those unfair loans and unable to stop the banks bleeding for the whole 8 years?
No. They were encouraging every wrong move made along the way. Exacerbating every problem until the economy finally melted down at the end of their hopelessly stupid and ill managed tenure as the executives of the American Government. I just picture a blank faced, confused and lost, typically stubborn and ill informed Republican, George Walker Bush. trying to stop the banks from making all those bad loans but unable, as hard as he tries, to reverse decisions made by the all powerful and all seeing President Clinton unable to stop the ball from rolling down the hill and unable to protect his beloved American People. Codswallup The Uniter was a Divider, the Compassionate Conservative put firecrackers in the mouths of frogs and blew them up for fun. The very people who profited from all of this, the Wall Street Mavens, the Bernie Madoffs, the Uber rich and wealthy were his friends and cohorts during this entire greedy and small minded regime. The war distracted America while the treasury was emptied. You can attempt to deny it. You can paint it any color you want. The results are there for all to see. Republicans have nearly destroyed America and point fingers in every direction but their own. Do you truly wish that John friggin' McCain and that woman were in office right now? Do you think they would have better Ideas? Whose taxes are you going to cut? certainly not mine I'm too broke to pay any taxes at all. My business might have paid taxes but it is BANKRUPT like thousands of other business' across America. It was NOT Obama that caused any of this. It was NOT Clinton who caused any of this, It was GEORGE WALKER BUSH whose name will go down in history as the worst, the greediest, the most hoplessly, worthless President ever elected by the most ridiculously ill informed Party in the history of this once great nation. I hope you are proud of what YOUR PARTY has accomplished. Ma, you owed me an edit several pages back, I took care of it.

Sorry if you missed it, or chose to ignore it, but it's been posted here before, numerous times Ma. For example:
Private sector loans, not Fannie or Freddie, triggered crisis

Now, where's that posting by itstarted where you claim he said it was all Fannie and Freddie's fault?