Is there anybody else out there that actually understands what is happening,or has happened.Here's my honest assessment.WE the tax payers(actual hard working American citizens)have elected (or actually the supreme court did)a person to LEAD the country(That person(bush)is at the most critical time trying his hardest to hide out,so mccain can still say,I am distancing myself from the bush administration to get elected to basically continue the same failed(and we are experiencing the failure)policies for 4 more years . Think for just a moment here,We, the American tax payers have bailed out MAJOR corporations(their CEOS HAVE ACCEPTED MILLIONS OF DOLLARS FOR SEVERANCE)while us lowly(TAX PAYERS have footed the bill),Now, US taxpayers bail these company's out,What happens,WE THE TAXPAYERS that bail these corporations out,they turn around and (CHARGE THE PEOPLE THAT BAILED THEM OUT(US TAXPAYERS)higher rates for them to make a profit,So us (poor) taxpayers are paying for everything,once,twice,three times.Don't know about you but I think WE deserve better.The current situation ensures US that(WE THE TAXPAYERS)are put in the position that there is no choice but to raise OUR taxes to get US out of a position that (JUST A FEW GREEDY PEOPLE HAVE PUT US IN)THOSE PEOPLE ARE GRAMM_MCCAIN_GREENSPAN_LEACH_BUSH_ROVE,CHENEY. Argue gop supporters all you want in support for your candidate,but as a hard working american citizen I deserve better than what the gop has in my opinion imposed on me and the future generation.

When you get beyond your belief that it's all Republicans doing this then come over to my side, Independent.

http://en.wikipedia.org/wiki/Glass_Steagall_Act
http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act

Robert Rubin was behind this as well and Clinton passed it into law before Bush was in office. But they ALL need this to happen because there is nothing left to build the economy on, our manufacturing is gone and if not for the tech boom in the 90s we would of done this 10 years ago.

Stop blaming the "other side" They are all party to this. Or the Democrats who Chair all the Financial Committees would have stepped up and done something two years ago, or further back seeing that even as the minority they sat on Committees.

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"The only title superior to President of the United States of America is Citizen."

Did you know the word "gullible" isn't in the dictionary?

Tresha quote:
I'm not sure why you are under the impression that because someone has mental health problems, they are incapable of intelligent and rational thought.

That is exactly what most people around here talk about, but when you turn on the TV, it is reported as if it is standard and normal procedure...

And then some people wonder why are some people so rich without working, while others who work so hard have nothing...

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Obama, Bob Gates, Colin Powel, Hillary Clinton and other war criminals from Bush administration… Yes, it's a change we can forget about, because do not forget, it was a candidate brought to you by a non democratic media, while any real candidate has been obscured by it.

You will not see any change until you unite for democratic media.

At first I thought you're defending repuberals, but if you're saying both parties are equaly to blame, then I agree 100%. many people want to believe in an EZ vote democrap solve the problem theory: "Obama or Clinton will come, and the heavens will shine back down onto America".

Further, more a puppet (or a political prostitute) does not necessarily have to be one of two major parties, it can just as easily be an 'independent'

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Obama, Bob Gates, Colin Powel, Hillary Clinton and other war criminals from Bush administration… Yes, it's a change we can forget about, because do not forget, it was a candidate brought to you by a non democratic media, while any real candidate has been obscured by it.

You will not see any change until you unite for democratic media.

I agree both parties are to blame.

My only problem with this is that both authors of the bills were Republicans and considered financial wizz's. Did they really not see the trouble we are in now as a possibility?

Not everyone in Congress is a financial genius. An awful lot gets passed by people who have to seek the advice of others and vote on their instincts.

To me, both parties were to blame, but the fact that 2 Republicans wrote the bills tips the scales a bit. It's (*)(*)(*)(*)ing.

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"Time to make the world a better place..." Hootie and the Blowfish, Drowning

{Over enthusiastic protections on the forum. The starred out word was the thing beavers build, with a letter N in their. It wasn't meant as a swear, but as an indication that some evidence of guilt was present. The word shouldn't necessarilly be bleeped}

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"Time to make the world a better place..." Hootie and the Blowfish, Drowning

I am unware of any economists being elected to Congress so to label any as financial "wizz's" is disingeneous at the least. Much of what has been happening recently is related to over deregulation that occurred under the Clinton Adminstration.

I am not a fan of degregulation but the unfair trading practices created by huge corporations is an issue and certainly government chartered corporations such as Freddie Mac and Fannie Mae warn against government involvement in private enterprise. Obviously the creation of huge corporations through mergers, such as AIG and WaMu, which place the national interests at risk is also something that needs to be addressed. Not only should monopolies be addressed, which are unfair to the consumer, but also the potential harm such large corporations might inflict upon the American People needs to be addressed when these large mergers are approved.

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Soldiers swear to protect and defend the Constitution with their lives.

Politicians swear to protect and defend the Constitution with someone else's life.

I say both are doing it myself, everyone needs to look beyond the lies told by both sides, the 2 major parties are pushing our faces into the pillow!!! wake up America!!!

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Aint but three things in this world thats worth a solitary dime,
But old dogs and children and watermelon wine.
Tom T. Hall
http://www.politicalforum.com/group.php?groupid=43

[quote=Shiva_TD;800618]I am unaware of any economists being elected to Congress so to label any as financial "wizz's" is disingenuous at the least. Much of what has been happening recently is related to over deregulation that occurred under the Clinton Administration. QUOTE]


This from Wiki:

Gramm often noted in his political campaigns that he had repeated three grades in school but had overcome his academic deficiencies by hard work. In 1967, Gramm received a Ph.D. in economics from the University of Georgia. (I was assuming a Ph.D. qualified him as a wiz.)

Leach was born in Davenport, Iowa, and won the 1960 state wrestling championship at the 138-pound weight class for Davenport High School. He was educated at Princeton University (where he became a member of The Ivy Club), Johns Hopkins University and the London School of Economics. (Maybe a wiz, maybe not.)



I am also not a fan of deregulation, but I have to point out to you, those unfair trading practices can only be created by huge corporations if they influence Congress. The corporations have to follow the law, which sets up the rules, and their adherence to the law is watched by regulators. Government is to blame on those 2 points.

As for the size of these financial institutions, that goes back to the Gramm-Leach-Bliley Act. Again, our government looking out for the big guy.

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"Time to make the world a better place..." Hootie and the Blowfish, Drowning

Well you said a mouthful there friend. The problem is, the government (all parties) have successfully created a war of partisanship among the American people.

We're too busy fighting ourselves to ever unify long enough to get something done in our favor.

"I'm not voting for this one cuz he believes in abortion!"

"Well at least my candidate thinks about all humans, not just babies"

And round and round we go. LoL I mean seriously, look at Congress trying to get laws passed. Have you ever seen such a ridiculous pack of rodeo clowns? They are pathetic. But they do it, because they know we Americans, are all doing the exact, same thing.

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"And they were judged, everyone of them, according to their works"