And they rushed right in and spend hundreds of billions of dollars to do it.
But so far, not one speck of dust has been moved, not even the ones
surrounding the bare spots on the floor where pallets of money used to be
Heart surgery pending?
Read up and prepare.
Learn how to care for a friend.
I want to like you, then you say the dumbest and most offensive things. Why?
The financial system was in free fall when Obama came in. GE, with a AAA
rating was unable to finance it's operation that is how bad it was. Job
losses were 600K + a month.
Now, if you want to talk about jobs, just how many were added during W's
8 years, not many. In fact he came within a few thousand of having a net
loss his first term and overall the figure is under $19K/month. Pathetic
considering population growth needs 150K to 200K month. Do a little
looking into exactly what the unemployment rate is and how it is
measured and you'll see it is a figure with little meaning.
The savings rate for almost all of the W tenure was negative. The
housing market was artificially inflated by lax policies and no oversite
over lending. All this has to be corrected and it will take a long time.
Financial meltdowns like this always lead to long recoveries. You have
no knowledge of history of you don't know that.
Frankly I am satisfied with Obama. The government is doing it's job
again. At the end of W almost every department was leaderless through
the top several layers and functionally broken. This has largely been
repaired although Repubs have held up many many appointments.
Here's the way I see the Republicans. They want to break government,
but they still need the services. In fact red states suck more from the
government nipple than blue. And the answer to every problem is a tax
cut. The same party that tripled the deficit under W and sneered at
Clinton when he balanced the budget now whine about spending in the
middle of a recession. What group do such policies help, there is only
one and that is short term and it is the millionaires.
There are only two kinds of Republicans, Millionaires and fools.
Which do you fall in?
Somehow in a society where you live, Utah, a man having to lay off his own
son is a sign of terrible times ahead. In an area of the country where
employers stack their roles with employees, some of which do absolutely
nothing, it is scary that they would let one of their own go. I guess he
chose his son over his Mom, Dad, and wives, and just had to cut someone. In
most areas, they cut an unproductive worker.
In a "family business" - in many cases literally a "mom and pop" - the
som may very well have been the ONLY employee.
Ever think of that??? We are not talking big business here, that could
support "featherbedding" the kid, even in good times.
Yep. Toward the end of the Bush administration, not many jobs were added.
Well, yeah, it's kinda hard to ADD jobs when everybody who wants one is
working! Remember, under Bush, unemployment was down around the 4% level.
Classically, unemployment below 6% is called "full employment."
There's at least one other group - far, far larger than either of the two
you mention. That group consistis of people who aspire to be millionaires.
I see you listen to hate radio. Why do you type like a child, does hate
radio teach you that, or did you learn on your own?
By Fannie & Freddie, you mean the American Dream Down Payment Act of 2003?
The previous administration pushed the envelope with their brainstorm. It
was working rather well, until American Dream Down Payment Act of 2003.
Tell us again who controlled everything then.
What I mean?
" Frank stated, "These two entities...are not facing any kind of
financial crisis.... "
Now I did make a lot of money on paper. But I got out before the
bubble broke. Took my many and run as fast as I could.
That Barney? The same one that opposed accounting scandals? Yep that
You just proved my point, and didn't even realize it.
Frank said that in Sept of 2003. Kathy Harris was the credited by Bush for
being the architect of the American Dream Down Payment in Dec 2003.
As I said, everything was chugging along just fine, until the previous
administration pushed the envelope with the Act of Dec 2003.
Those are facts. Put the blame at the feet of the party responsible.
It was 109th Congress (Republican majority) , when the bill was introduced.
It then went to the
Committee on Banking, Housing, and Urban Affairs on Jul 28, 2005.
Republicans were the majority in the committee by 2 members. It was
Republican Santorum which proposed the amendments.
The bill was killed technically by Republicans. It is now bill S1100. Which
was read twice and referred to the Committee on Banking, Housing, and
Urban Affairs on Apr 12, 2007:
Meanwhile. Democrats sponsored H.R. 1427. It has gone through the steps,
and awaiting voting in the Senate.
Introduced March 9, 2007 , Scheduled for Debate March 29, 2007, Amendments,
and passed the House.
Bill is now dead.
Of course it was Bush, along with McCain who wanted this deregulation to
begin with. Bush took credit for it in 2003.
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