Author Topic: How did we get into this mess? (Read 1640 times)

Brett · « **on:** October 02, 2008, 02:51:27 PM »

http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&partner=permalink&exprod=permalink

torpedoman · « **Reply #1 on:** October 02, 2008, 02:59:44 PM »

yes it was CLINTON a DEMOCRAT who brought you this mess not bushes administration ,bubba is stupid but clinton was a crook. I can forgive stupid. The bail out will lead to huge problems because the populace is against it and the elected people are bought by the power brokers to ignor the people, there will be a huge rebellion of the voters if this passes, but the damage will be done and our country as we know it will be lost.

45-70.gov · « **Reply #2 on:** October 02, 2008, 03:04:05 PM »

yes the voters will rebel........the problem is they are mostly stupid and think it was all BUSH fault..how many morons have you heard MCCAIN is busshes 3rd term ..or 4 more years of BUSH

ms · « **Reply #3 on:** October 02, 2008, 03:44:33 PM »

greed

Swampman · « **Reply #4 on:** October 02, 2008, 04:13:43 PM »

Quote from: 45-70.gov on October 02, 2008, 03:04:05 PM

yes the voters will rebel........the problem is they are mostly stupid and think it was all BUSH fault..how many morons have you heard MCCAIN is busshes 3rd term ..or 4 more years of BUSH

Amen

torpedoman · « **Reply #5 on:** October 02, 2008, 05:14:11 PM »

I guess that mcCain should set the record straight say with a t.v. spot if he is intrested.

slim rem 7 · « **Reply #6 on:** October 02, 2008, 06:19:22 PM »

no doubt the bailout has to happen or we all going dn for the count..
why did it happen ,, unchecked greed and profit taking..
by big money an not so big money..the haves done shot they self in the foot.. bullet glanced back up an hit the po working man in the head..gotta save one to save the other..

Matt · « **Reply #7 on:** October 02, 2008, 07:11:32 PM »

Quote from: slim rem 7 on October 02, 2008, 06:19:22 PM

no doubt the bailout has to happen or we all going dn for the count..
why did it happen ,, unchecked greed and profit taking..
by big money an not so big money..the haves done shot they self in the foot.. bullet glanced back up an hit the po working man in the head..gotta save one to save the other..

BS... I would rather struggle through a year or two of hard times than a decade of equal or worse plus more taxes.

If this bail out has to happen why cant the big corps that caused it and or profitted from it pay for it with any profit they make over the next 7 years instead of the tax payer?

Matt

myronman3 · « **Reply #8 on:** October 03, 2008, 01:25:17 AM »

the bailout will fix nothing, only delay it at best. you just wait, soon we will hear of another big fiasco concerning big buisness, then what? i am with matt here. when you are in a hole, stop digging!

Singleshotsam · « **Reply #9 on:** October 03, 2008, 03:24:14 AM »

+1 to Matt...

bilmac · « **Reply #10 on:** October 03, 2008, 04:18:03 AM »

Democrat social engineering trumping common sense. Mccain made a real effort to fix it but was voted down buy his Dem buddies.

jgalar · « **Reply #11 on:** October 03, 2008, 04:48:56 AM »

http://www.truegotham.com/archives/fun-the-subprime-primer-cartoon.html

Just click on the cartoon - this kinda explains it

magooch · « **Reply #12 on:** October 03, 2008, 06:17:35 AM »

President Bush didn't make the rules that govern Fanny Mae, or Freddy Mac and has very little if any authority to oversee their operation. There were continuous efforts by the Bush administration to rein in some of the practices of the two pseudo financial entities, but the Dumbycrats would have none of it.

Sad to say that the only way that any liberal government programs ever gets modified, or reorganized is by crisis. This financial flare-up is going to look like small potatoes compared to what the Social Security and Medi-Care messes are going to be. Remember what happened when GWB tried to get Congress on board to try to fix Social Security?

jimster · « **Reply #13 on:** October 03, 2008, 06:31:31 AM »

it is a fact that attempts to real in Fannie and Freddie were blocked by Congress...Frank was a big player here...but...that's only a part of the problem.

It is true that both Bush and McCain brought up the problems...like at least 12 times...and I know in 2003 and in 2006, Frank was defending the houseing debacle....

But..to me it's all their faults....the fact that people like Frank won't own up to his big role in this is pretty typical...some of his partners were at least big enough to admit it...but not Frank...he's still pointing fingers at one party...
And obama can play it smart and keep out of it...nobody is interested in his role at ACORN...at least the media isn't.

It's all politics as usual....and even in times where we need Congress to write a decent bill...they still load it up with crap...hope the house votes it down again.

They should just cut capitial gains taxes for a couple of years...and do a buy out...and be willing to let some things fall and fail...start over....

Once again...the answer is much mroe simple than politicians would let you know...and gosh...lets not cut taxes.....I notice now they call tax cut PORK....or at least that's the latest message I'm getting from Dems. To top that off...they vote backwards....the Senate goes in forst...adds a few hundred pages of crap....and the house votes next?? LOL! They try to get in the front door...then the back door...then the side door...anything to get billions of dollars for bailout passed.

It's a shame....

Dixie Dude · « **Reply #14 on:** October 03, 2008, 06:38:08 AM »

I'm going to defend Bush here. He WARNED there might be a problem with these shakey mortgages 12... I repeat 12 times, starting in 2003. In 2005 McCain and two other senators introduced a bill that would have reigned in Fannie Mae and Freddie Mac. Fox news has the Dems in charge of the Banking and Finance committees quoting that Fannie and Freddie were ok and didn't need regulation. Barney Frank as late as this last July 8th. O'Riley got him last night. Fannie and Freddie gave $450,000,000 dollars to Dems campaign money and $150,000,000 to a few liberal Reps. So, none of these guys would do anything. Now the Dems are blaming the Republicans loud and clear, when they were the ones at fault 75% of the time. Clinton twisted the strings on the regulations he could control with the banks in 1997-98 to give loans to low income people so they could own homes. How, by having ARM's where they pay only interest for 5 or so years then begin the real mortgage with the principal thrown in. This caused balloon payments they weren't able to afford. These loans were also given to young people who would probably sell the homes as they appreciated before the 5 or so years who would use the equity to buy another home and repeat the process. I know someone who did this 7 times in 14 years. Now, the people who are causing the fall of the financial system are the ones who insured these mortgages, and they don't have the money to pay them off when they default, they go down and take the banks and loan institutions with them. There is 58 Trillion dollars worth of mortgages out there. 5 million homes have been forclosed so far. These people should never be able to buy a house again. The poor are poor for a reason. There is no excuse, it is their own fault. It is also the fault of the banks and institutions who made the loans, the Clinton administration who started this fiasco. The Bush administration who didn't be more forceful to stop it, and us who keep voting the same people in over and over. There needs to be term limits for senators and congressmen, just like presidents.

Brett · « **Reply #15 on:** October 03, 2008, 03:33:41 PM »

Keep reading you might learn something. http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2008/09/28/franks_fingerprints_are_all_over_the_financial_fiasco/

And this. http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2008/09/28/franks_fingerprints_are_all_over_the_financial_fiasco/

So do you still think electing more bleeding heart liberals, Obama and Biden will realy bring any change?

Dee · « **Reply #16 on:** October 03, 2008, 05:01:15 PM »

How did we get into this mess you ask? We continually settled for less, and voted for the lessor of two evils, just like most of you are doing now. The bar lower each election with this type of voting. It takes courage to step outside the two parties and vote for honesty instead of the lessor of.

Swampman · « **Reply #17 on:** October 03, 2008, 05:04:34 PM »

Quote

It takes courage to step outside the two parties and vote for honesty instead of the lessor of.

Not courage, just ignorance.

A vote for a third party is a vote for Obama. It was also a vote for Clinton.

williamlayton · « **Reply #18 on:** October 04, 2008, 12:57:35 AM »

I agree with MS and Swamp.
Pride goes before the fall.
Blessings

45-70.gov · « **Reply #19 on:** October 04, 2008, 02:55:32 AM »

i do not think i am in a mess......you and the television are going to talk me into not feeling great about my lot in life every morning i get to start a new day.....all you have to fear is fear itself......if the DEMOCRATS /SOCIALIST or the UN take over because every one is looking for "a way out of the mess" never under estimate the power of idiots in large numbers.....PELOSI will be unstopable if OBAMA gets in THEN ASK: HOW DID WE GET INTO THIS MESS? i fear OBAMA will win my only hope is DEMOCRATS will not make it to the poles on the 4Th....the welfare checks come out on the first and you can never hire any one from the RENT-A-DOPER labor pools that first week of the month........but to answer the question in a single word....
DEMOCRATS

BigBossMan · « **Reply #20 on:** October 04, 2008, 04:04:52 AM »

Come on Folks...think about it. It is all part of the New World Order. The sequence was this:

1. Nixon goes to China
2. China get all the money and promises from the USA in return for support
3. China starts building a manufacturing country with US money and technology
4. Wal Mart starts becoming a USA giant with low priced Chinese goods
5. Nixon destroys the unions
6. The wages start to plummet
7. The American public cannot afford to buy anywhere but Wal Mart but do not rebel because it was so well planned that they did not suffer too much.
8. The big boys start a massive take over of the US Government and get us in a position that we have no choice.

There is only one way to reverse this situation....BUY AMERICAN AND PUT THEM ALL OUT OF BUSINESS.

45-70.gov · « **Reply #21 on:** October 04, 2008, 04:10:52 AM »

sorry i was not clear before breakfast my point was they can't be found after the first so maybe they will be a no show on the 4Th,election day.....both major partied have faults but only one of them continually puts out anti-gun candidates........SO WHY WOULD YOU EVER SUPPORT ANY DEMOCRAT?

Dee · « **Reply #22 on:** October 04, 2008, 12:26:46 PM »

McCain has been anti-gun 73% of the time for 26 years.

45-70.gov · « **Reply #23 on:** October 04, 2008, 04:05:30 PM »

ok but how about OBAMA?

Brett · « **Reply #24 on:** October 04, 2008, 05:13:32 PM »

Quote from: 45-70.gov on October 04, 2008, 04:05:30 PM

ok but how about OBAMA?

Ah... let's see. Obama has voted anti gun 100% of the time if I'm not mistaken. Which makes McCain at least a 27% better choice in this regard.

R.W.Dale · « **Reply #25 on:** October 04, 2008, 05:24:00 PM »

There's PLENTY of blame to go round.

The Libs on the equal housing lending BS

The retard Bush appointees for running the fed into the ground with insanely low interest rates for years. How you check inflation my making money cheap has yet to be explained.

And most of all the American public for living their lives almost entirely on credit for the past decade. Every John Doe in the country that makes 40K a year has a $150,000 mortgage, a few thousand in CC bills and $40,000 worth of car notes. You don't need a MBA to figure out that dog won't hunt for long.

45-70.gov · « **Reply #26 on:** October 05, 2008, 03:37:26 AM »

WHY DID JOHN DOE OVER EXTEND HIMSELF?? BECAUSE HE COULD freedom isn't free get over it and don't ask me to help him.. or protect him from himself.....I am not a Democrat

45-70.gov · « **Reply #27 on:** October 05, 2008, 05:01:16 AM »

TMZ what does all that BS have to do with OBAMA AND BIDDEN and MANY OTHER DEMOCRATS wanting to disarm us and rid our culture of guns?? if you are disarmed,nothing else matters

Heather · « **Reply #28 on:** October 05, 2008, 06:18:21 AM »

Quote from: TM7 on October 05, 2008, 06:13:39 AM

Quote from: 45-70.gov on October 05, 2008, 05:01:16 AM
TMZ what does all that BS have to do with OBAMA AND BIDDEN and MANY OTHER DEMOCRATS wanting to disarm us and rid our culture of guns?? if you are disarmed,nothing else matters
.
Huh...? Wasn't this thread about how we got into the economic mess-bailout scenario? And What BS?
But Yeah...whatever you say Boss......whatever you say.

...TM7

Now TM you know better. You aren't allowed to post on the topic, only the rants that certain members warp the topic into.

Heather

45-70.gov · « **Reply #29 on:** October 05, 2008, 06:57:28 AM »

OK how did we get into this mess?........i don't feel like i am in a mess but here is your answer... if you feel that way it is because of government dependency created by the democrats...and you are suffering from depression since you went to government run schools if your don't succede in America you just didnt want to......ask yourself if the economy collapses and you are unarmed how helpless you will be what if the riches 5% move away to flee Obama tax plan then where are we.....they CAN afford to move better than we can move