And Obama wants to blame Bush and McCain for this housing crisis? What a liar!

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Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.

John Adams

http://www.freedomagenda.com/iraq/wmd_quotes.html

This wouldn't have fit into one of the other 25 threads about the economic situation?

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"I don't think we should be governing ourselves. What we need is a king, and every now and then if the king’s not doing a good job, we kill him." - George Carlin

Riiiiiiight, because Republicans are not corrupt or greedy. Because lobby firms for banks & investment companies do not corrupt all of our elected officials. Because ridding the world of regulation, Democrats and any notion of social programs will make us better off.

Somebody wake this guy up from the dream he has been brainwashed into to see that both Democrats and Republicans are equally corrupt and allowed the greed of investment firms and banks go unchecked through deregulation (something that McCain still backs).

sheesh.

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Tantum religio potuit suadere malorum
(To such heights of evil are men driven by religion)

I agree that there is plenty of blame to go around, so somebody needs to wake up Obama and tell him as well, the OP is right about Obama wanting to try to pin the whole thing on only Bush and his policies.

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"The true sign of intelligence is not knowledge but imagination."...Albert Einstein

"The world is a dangerous place, not because of those who do evil, but because of those who look on and do nothing."...Albert Einstein

If You Can Read This, Thank A Teacher.
If You Can Read This In English, Thank A Soldier.

Agreed. Look at Obama’s two economic advisors who are former Fannie Mae and Freddie Mac CEO’s.

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Except for Ending Slavery, Fascism, Nazism and Communism, War Has Never Solved Anything
If there were any truth to global warming, it's biggest proponents wouldn't be hypocrites.

And McCain's advisor whose firm has taken well over a million bucks from the same. . . .

I'm new to this board, and it's probably already been discussed elsewhere, but the 1999 Gramm-Leach-Bliley Act (the key piece of legislation that created this mess) had a lead sponsor in the Senate by the name of Phil Gramm, who was the Republican chair of the Senate Banking Committee. The same Phil Gramm who was officially (and is now unofficially) serving as McCain's chief economic adviser.

This bill passed the Senate 90-8. Only one Republican voted against it. Seven Dems voted "nay." This was a bi-partisan measure that was ultimately signed by then-Pres. Clinton. I agree with the other posters in this thread that this is a bi-partisan mess.

But there's something more sinister at play here. I, like many Americans, are sick of Friedmania & his theory of "shock" capitalism, whereby firms are allowed to privatize gains & socialize losses. Until we collectively stop voting for corporatists of both parties, this cycle will continue. The S&L bailout, the constant bailouts of airlines, auto manufacturers, massive tax breaks to energy companies while they're earning record profits----these things have to stop. They are stealing from us, and the bipartisan rancor created by the same media companies they own keep us from seeing behind the curtain so that we will know that the Wizard is simply a plain man pulling levers of obfuscation.

I'll leave you with a great speech I heard on C-SPAN last week. Rep. Kaptur of Ohio said it very succinctly. Invest 5 minutes of your time to hear what she has to say:

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If a man would follow, today, the teachings of the Old Testament, he would be a criminal. If he would follow strictly the teachings of the New, he would be insane.--Robert Green Ingersoll

Already debunked, like Obama wearing the bracelet. . Instead of starting a new thread on the same topic, take a peak at new posts or use the search function.

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Cost of War in Iraq Barack Is Beautiful

Please link me to this debunking. The fact that Gramm sponsored this bill & that all but one Republican in the Senate voted for it is indisputable. But I'd be interested in reading the "spin" nonetheless.

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If a man would follow, today, the teachings of the Old Testament, he would be a criminal. If he would follow strictly the teachings of the New, he would be insane.--Robert Green Ingersoll

You'll have to search for it. If I'm not mistaken it was a post(s) by AnitaMiricle with a couple graphs showing the crisis, or large increase of sub prime mortgages, beginning in 2002 with Bush's home ownership initiative.

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Cost of War in Iraq Barack Is Beautiful

Thank you for posting this. Of course the slams and cheap shots come on instantly. Sadly from people who really think this is just a political situation rather than a long unsustainable policy of social engineering by way of regulation, not a lack of regulation.

As the video shows, Fannie became the largest element in the sub-prime mortgage mess, and we got plenty of warning along the way. Everything else evolves out of that.

Please, everybody, watch it, pause it to understand it better, and don't just invoke popular "conventional wisdom" to debunk it. Some of us involved in the real-estate market all our lives saw this coming; there were warnings along the way.

Ignorance is the most expensive commodity in America today. Fight ignorance by keeping an open mind, review all available sources of information, and evaluate it with reason and sound judgement, not dogma and political spin.

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American Bottoms

A Type Unit Geology ~ a system of glacial filled valleys in Southern Indiana which embraces the broader impulses of the whole region in which it is integrated.
~~~
Have You VISITED MY ALBUM Vita Brevis, Ars Longa? (Life is Short, Art is Long)