progressive liberalism over the last century has given us just about every problem we currently have. It has most definantely given us socialism, hands down.

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If I had the option of voting 2000 and 2004 over again, I would still vote Bush.

Or imagine that conservatives had convinced America to privatize SS

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"I think the deregulation was probably helpful to the growth of our economy."
-Sen. John McCain 09/22/2008

I watched half of it but my bull**** meter was going off. It smelled like a partisan hack job that was not telling the entire story but was putting a certain spin on things.

That would have been great, Im tired of paying for other peoples retirement as my contributions to SS would have been better served in Bonds, or CD accounts.

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"True Freedom is the Freedom to oppress others"

Ideology: Self Preservation.

It's not like the GOP has done anything impressive in that area. How many uninsured people do we now have in this country? 40+ million?

That is why it is important to go back to basics to our roots the way our fathers, grandfathers do business, cash only have real cash on hand.

That is why the bail out should be design to help those who got ripped off.

In general if we look at the situation from the outside or from layman's point of view. It would seem that those institution are not really bankrupt they have enough assest to re-generate revenue. All they have to do is sell those forclose inventory properties at its present market value regardless if it is 50%, 75% or 90% below what they were worth before. That is how free market works. And if they do that then I believe we will see cash flowing again.

Because many of those investment companies that are in trouble have invested those money they got from home buyers in pension plan, goverment bonds etc. it will now affect the general public. What the bail out money has to do is to protect those investment directly not the companies that have put them in.

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Voice of Reason must Prevail

The video left out the Commodities Futures Modernization Act, the Phil Gramm bill passed in 2001 that *created* the derivatives market. Without it -- and the following seven years of lax oversight -- there couldn't have been a meltdown, because while those subprime mortgages could still have been securitized, nobody would have accepted them as AAA investments.

Instead, banks used derivatives to "hedge" the risk on the subprimes. Except nobody really understood how the complex, unregulated derivatives worked, especially once people started buying and selling derivatives of derivatives. So everyone convinced themselves that the risk had been hedged, when in fact it had simply been ignored.

So yes, Democrats bear some responsibility for encouraging banks to make risky loans. But that alone would never have led to this crisis, because the loans would have been priced properly. The banks, Phil Gramm and the Bush administration bear the rest of the responsibility for creating an unregulated environment of perverse incentives that encouraged banks to make *tons* of *insanely risky* loans.

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Man up.

Like a kid in the schoolyard when someone tells him something he doesn't want to hear

funny!

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Not many people know this, but I'm really famous!

I was looking for a sign that the video was balanced and found none. The video is over nine minutes long. How much of my time do you expect me to waste on a piece of right wing propaganda? Or is there anything on the second half that slams the GOPers as strongly as the first half slammed the Dems??

The thing is, there is a LOT of blame to go around. To say it's only because of something Cinton did or something that someone Obama knows did is really nieve. As a democrat, I'm willing to say that my people have made some bad decisions in the past that have aided in this problem, but it's not ONLY their fault. The lack of oversight and deregulation certainly had its place in this problem, and that came from the right.

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http://www.myspace.com/peekaboutiquedecor

"How you campaign I think foreshadows how you're going to govern." --Barack Obama

"God bless America and no place else!" --Chris Rock

"Let me start off by saying that in 2000 I said, 'Vote for me. I'm an agent of change.' In 2004, I said, 'I'm not interested in change --I want to continue as president.' Every candidate has got to say 'change.' That's what the American people expect." --George W. Bush, Washington, D.C., March 5, 2008