Obama making it worse

[Bro. Curtis]

No, the statement is spin. My job went to Mexico before Bush. Remember NAFTA ? And the mortgage crisis can directly be traced to Barney Frank & Chris Dodd strongarming banks into giving out unpayable home loans. I don't care what factcheck dot org says. Bush tried to reform the banks, and they tantrumed. Bush deserves criticism, but to say the dems have no blood on their hands ? Baloney.

 

[LeBuick]

No, the statement is spin. My job went to Mexico before Bush. Remember NAFTA ? And the mortgage crisis can directly be traced to Barney Frank & Chris Dodd strongarming banks into giving out unpayable home loans. I don't care what factcheck dot org says. Bush tried to reform the banks, and they tantrumed. Bush deserves criticism, but to say the dems have no blood on their hands ? Baloney.

Only if you listen only to the conservative hype... It doesn't take an economist to know 11 Million unemployed mortgage payers might have something to do with the problem. And yes, I blame Clinton with NAFTA also. America really got the short end of that stick.

 

[Bro. Curtis]

So it isn't just hype ? Maybe it's not all Bush's fault ?

 

[Pastor Larry]

I thought we were talking about the economy. I guess not. It's just another one of those endless bash Obama threads.

We are talking about the economy. You said it was Bush's objective was bankrupting the US. I am asking how you know that.

It's not a bash Obama thread (though he certainly deserves). It is simply pointing that Obama is making it worse not better.

So if you have proof that Bush's objective was bankrupting the US, please offer it. Otherwise apologize for not telling the truth.

 

[rbell]

The DOW tanking is a product of the bad loans and wall street greed. That has nothing to do with the current congress, it has more to do with the Bush tax cuts which encouraged off shoring of jobs so now homeowners can't pay their mortgage.

So...Bush and only Bush caused our recession?
Congress had no role?
Do you really think you can assign one role to explain the complexities of a nationwide (actually worldwide) recession?
Homeowners can't pay simply because the President air-mailed their jobs overseas?
You "factcheck" others' arguments...do you really think your assertions in their current form would hold up under scrutiny?


See, here's your inconsistency: you are more than happy to pin the "greed" label on Wall Street, bankers, etc...to which there is certainly blame to be pinned.

But then, you totally discount the greed that millions of homeowners engaged in. It's instead "not their fault." It's the President's fault that I can't pay my mortgage. The last president, that is. The current one's gonna pay my mortgage for me! I have a constitutional right to a house, and to no "<edited - LE>" happening.

I'm sorry, but the inconsistency in your argument is glaring.
Question for you: Constitutionally speaking, who bears the greater responsibility for our economic issues?

 

[LeBuick]

So...Bush and only Bush caused our recession?
Congress had no role?
Do you really think you can assign one role to explain the complexities of a nationwide (actually worldwide) recession?
Homeowners can't pay simply because the President air-mailed their jobs overseas?
You "factcheck" others' arguments...do you really think your assertions in their current form would hold up under scrutiny?

If Bro Curtis can get away with "traced to Barney Frank & Chris Dodd strongarming banks" then yes, I can blame it all on Bush. If we all want to acknowledge the truth that there is no one cause or responsible party for this crises then I will meet you there... Until then I blame Bush and his conservative policies which made him and his friends richer...

 

[Andy T.]

The three biggest culprits in my opinion:

1) Interest rates too low
2) Credit too easy
3) American consumer over-leveraging and living beyond their means.

It's time for a correction, and all the gov't meddling and tweaking is making it worse.

 

[Revmitchell]

The free market requires risk and loss as much as gain.

 

[Alcott]

Until then I blame Bush and his conservative policies which made him and his friends richer...

Exactly how much greater was his financial balance when he left office compared to when he took office? Or do you just say that out of thin air?

 

[targus]

If Bro Curtis can get away with "traced to Barney Frank & Chris Dodd strongarming banks" then yes, I can blame it all on Bush. If we all want to acknowledge the truth that there is no one cause or responsible party for this crises then I will meet you there... Until then I blame Bush and his conservative policies which made him and his friends richer...

So truth has not sway with you?

It is all about supporting your team...

Tit for tat...

Kindergarten emotions...

 

[LeBuick]

Exactly how much greater was his financial balance when he left office compared to when he took office? Or do you just say that out of thin air?

So far it hasn't changed. The new administration just took office. However, the stock market not responding favorably to Obama's plans might be some indication of who the plan favors (the working class instead of the rich). Shutting off all their loopholes and raising taxes on the top 5% will also be a shift. So no, that isn't think air talking, a change is n the way.

 

[LeBuick]

So truth has not sway with you?

It is all about supporting your team...

Tit for tat...

Kindergarten emotions...

I saw no truth, Andy T. came closer to the truth but I do think there are other contributing factors to add to his list. What I said is if all he can do is support his team than I can do the same and I'm not a Democrat. However, if you want to have an honest discussion I am willing to do that also. You siding with him calling what he said "truth" that should sway someone makes you equally guilty of Kindergarten emotions. In fact, I have never seen a shortage of that around here...

 

[Andy T.]

The three biggest culprits in my opinion:

1) Interest rates too low
2) Credit too easy
3) American consumer over-leveraging and living beyond their means.

It's time for a correction, and all the gov't meddling and tweaking is making it worse.

I will also point out that this problem goes back at least 20 years, maybe more. It really began being a big problem in the 90's.

 

[Andy T.]

So far it hasn't changed. The new administration just took office. However, the stock market not responding favorably to Obama's plans might be some indication of who the plan favors (the working class instead of the rich).

You do realize the majority of Americans are in the stock market, right? Rich, poor, middle class are all affected by the stock market crash.

 

[LeBuick]

You do realize the majority of Americans are in the stock market, right? Rich, poor, middle class are all affected by the stock market crash.

Yep, my wife has a 401K. However, I have said many times that I don't think it's all what it can be when companies pay out Billions in bonuses then give pennies for dividends. Eventually the market will recover once the workers get back to work and consumers will start consuming. I just want to see it go from the bottom up instead of the top trickle down theory that leaves those at the bottom wanting...

 

[Alcott]

So far it hasn't changed. The new administration just took office.

That question I asked was in direct response to your quote I posted: "...I blame Bush and his conservative policies which made him and his friends richer..." How much richer are Bush and his 'friends' now compared to when he-- Bush-- first took office?-- or did you just say that out of thin air?

 

[Steven2006]

My thoughts on how he has done so far. Only Obama could make Hillary look desirable as the president.

 

[targus]

I saw no truth, Andy T. came closer to the truth but I do think there are other contributing factors to add to his list. What I said is if all he can do is support his team than I can do the same and I'm not a Democrat. However, if you want to have an honest discussion I am willing to do that also. You siding with him calling what he said "truth" that should sway someone makes you equally guilty of Kindergarten emotions. In fact, I have never seen a shortage of that around here...

You misunderstand my point.

I was responding to what you said: "If Bro Curtis can get away with "traced to Barney Frank & Chris Dodd strongarming banks" then yes, I can blame it all on Bush. If we all want to acknowledge the truth that there is no one cause or responsible party for this crises then I will meet you there... Until then I blame Bush and his conservative policies which made him and his friends richer..."

What you are saying here is that because someone else is blaming Barney Frank & Chris Dodd for strongarming banks (and you disagree with it) then you have license to "blame Bush and his conservative policies which made him and his friends richer" while at the same time admitting that it is untrue.

I know that it is untrue because you tell us so... "acknowledge the truth that there is no one cause or responsible party".

Like a kindergartener you are excusing saying things that you know not to be true because you think that someone else has an opinion that you do not agree with.

So what other things have you said in this forum that you know not to be true but said anyway because of some warped sense of fairness?

How am I or anyone else to believe anything you say here again given your above admission that you say things that you do not yourself believe?

 

[ReformedBaptist]

Like alot of Americans who didn't vote for him, I did wish after the fact that there would be success. He has lied to the American people. And his plans are destroying our economy.

I think he should be impeached.

 

[LeBuick]

That question I asked was in direct response to your quote I posted: "...I blame Bush and his conservative policies which made him and his friends richer..." How much richer are Bush and his 'friends' now compared to when he-- Bush-- first took office?-- or did you just say that out of thin air?

Now there is a good question.... Anyone seen the missing first $350 Billion of the TARP money? One of those things that makes you go HHHhhhmmm???