Obama plans to halve deficit by 2013

[Whoozyerdaddy]

The stimulous bill is the dumbest concept I've ever seen. It's a bandaid on a bullet wound. It's basically delaying the inevietable.

Spending money to get out of debt is like fucking to preserve your virginity.

 

[First]

Originally posted by: Whoozyerdaddy
The stimulous bill is the dumbest concept I've ever seen. It's a bandaid on a bullet wound. It's basically delaying the inevietable.

Spending money to get out of debt is like fucking to preserve your virginity.

Not if you call shotgun anus.

 

[Doc Savage Fan]

Originally posted by: heyheybooboo

Originally posted by: Doc Savage Fan

Originally posted by: heyheybooboo

Originally posted by: Doc Savage Fan

Originally posted by: JACKDRUID

Originally posted by: senseamp
If Bush did his job and regulated the banks properly, we wouldn't be in this mess.

exactly.

in addition, had Bush saved up enough during our nations' good time, we would have had enough reserves to fund our stimulus plan in bad times such as now.

Damn straight...and if Clinton also saved up enough during our nations' good times, we'd have even more reserves to fund our stimulus plan in bad times such as now. It's all so simple isn't it? :roll:

To blame all this all on Bush is pure BDS. You'll find that there's plenty of blame to go around assuming you've made an any attempt to understand what happened. Here's a news flash...both parties failed us.

For the record, I'm glad to see Obama talk about the deficit being a problem and making an effort to deal with it. A definite improvement over the previous administration IMO.

It's the fault of Bush. Deal with it.

Bush X (VooDoo Economics + Laissez-Faire) = Major Fail

Lol...and thanks for taking to time to share your 'objective' and 'highly intelligent' evaluation of this issue. But you might want to work a little bit on the 'objective' part...unless, of course, you've already sold your mind and soul to something that means absolutely nothing.

Feel free to explain securitization and leverage in your defense of lassez-faire. Do you even know what lassez-faire means?

Maybe then you can explain to all of us at AT the explosion of default swaps from less than $10 trillion to $65 trillion in 5 or six years.

In your explanation of securitization please be sure to explain how financial institutions used this tool. And then possibly you may explain the actions taken by the FDIC, the Treasury, the Fed, the SEC, or anyone for that matter, to identify abuse and take prudent action.

We'll be waiting for your answer.

Thanks for your contribution

Both parties failed us! I don't recall the Dems pointing to the subprime and banking problems and screaming for a fix over the past 8 years. Hell...Dems had control of Congress for the last 2 years...where the hell was their legislation to correct all these problems you allege that Bush solely created? Did Dems abrogate their responsibilities to our nation in fear of a potential Bush veto? Did or did not the Clinton administration pressure Fannie Mae to ease the credit requirements for loans that it purchased from banks and other lenders in order to expand mortgage loans among low and moderate income people which exacerbated the crisis?

Do you know why the Glass-Steagall Act was originally established? Do you know that Clinton signed into law the Gramm-Leach-Bliley Act, which repealed critical portions of the Glass-Steagall Act which certainly didn't help matters? Do you know that Greenspan and Snow called for tougher oversight of Fannie and Freddie as early as 2004 but the Democrats opposed their efforts?

You are so blinded by your worthless partisan ideology it's frightening.

 

[blackangst1]

Originally posted by: Whoozyerdaddy
The stimulous bill is the dumbest concept I've ever seen. It's a bandaid on a bullet wound. It's basically delaying the inevietable.

Spending money to get out of debt is like fucking to preserve your virginity.

I LOL'd at work...that's sig worthy!