rebelbuc

The present financial crisis, on the surface, appears to be greatly due to poor decisions by greedy lending institutions. However, many of these institutions were coerced by US government policies such as the Community Reinvestment Act and the beefing up of the CRA during the Clinton presidency. John McCain, along with several other Republicans, did indeed try to warn of the potential looming crisis, however, Democrats stood in their way at every turn. The video link below makes a lot valid points. Obama tried to blame this on the Bush administration, but the Democrats thwarted Bush's attempt to put tougher controls on Freddie Mac and Fannie Mae. Obama attempts to trump McCain on this issue while McCain made the greatest attempts to warn people of this looming crisis. This video provides links to support its fast-paced story with facts!

What caused the economic crisis?

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"The Earth has a fever!"... I guess it does - political correctness and socialism are making the planet sick!

DeeJayH

Barney Frank? what do i win?

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aps

Do you live in the same United States I do?

Your spinning is really pathetic.

Signed,

A liberal bedwetter who is still stunned that a 55-year-old man wrote that liberals were bedwetters. If my father ever wrote something like that, I would ask him to seek mental health.

sazerac

Here's another video.

YouTube - Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis

WI Crippler

Its a bit of both I am afraid.

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"We have people like that in our world too. People who say that freedom is no longer practical, that we must surrender it for a greater common good."

"Fear them....They tolerate tyranny, excuse it, compromise with it. In doing so they always bring savagery and death upon the rest of us".
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rebelbuc

I'm sorry, Aps, that you took it personally that I used the term "bedwetting liberal". Ever since I heard a libertarian talk show host use the term I thought it was so often appropriate. Think about it - liberals are so often very young, idealistic people who are misguided by their blind trust in demigoguing politicians who take advantage of these liberals' good intentions.

How can you look at the video, go to the cited sources (did you even take the time?), look at the second video that someone just put up, and call it my spin? Are there republicans who bear some responsibility for the current financial crisis... certainly! But, those were the few republicans who abandoned their unpopular stances and jumped on the Democrat bandwagon. Even the so called "evil" George Bush, and certainly Senator McCain, tried to increase oversight of Fannie Mae and Freddie Mac years ago as they headed towards disaster. But look at the two videos and notice that the majority of Democrats simply demogogued the issue and claimed that these nasty Republicans were just trying to take away housing opportunities from poor people... Obama uses a similar tactic today every chance he gets!

And that, my dear, is what makes a liberal a bedwetter!

__________________
"The Earth has a fever!"... I guess it does - political correctness and socialism are making the planet sick!

rebelbuc

Also, another word about Republicans, Democrats, oversight, and the desire for less government regulation:

As a conservative who is not happy with many of the decisions that Republicans have made in recent years, and practically every decision that Democrats have made, I often see in these forums "I thought that you conservatives were against excessive regulation by the government...". I do believe that, generally, the free market and capitalism make our country stronger, but not when Democrats and other misguided politicians bend the rules so badly that it trashes the free market system and our economy. Fannie Mae, Freddie Mac and the current financial crisis comprise the best example that I can think of! Just look at the videos!

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"The Earth has a fever!"... I guess it does - political correctness and socialism are making the planet sick!

Panther

When the government decides to inject itself into the free market system to the point that it can drastically impact it, there's not a conservative around that wouldn't want those entities heavily regulated.

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Anagrams: Joe Biden and Barack Obama =
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- or -
Barack mad a babe joined on.

Gabby

This whole thing makes me insanely angry. And I'm so tired of those who cannot think past their noses, trying to say this is Bush's failed economy. It's so much deeper than that, but unfortunately, most Americans don't delve into it enough and are blinded by rhetoric because it sounds right and makes them feel good.

There are a lot of hands in this mess and Barney Frank and others who have been in bed with these evil CEOs for years would have us believe they are saving our asses right now. Sure, they have to bail them out because otherwise there would be an uproar and a lot of fingerpointing, right back to Frank and others. The CEOs are willing to be the fall guys as long as Frank and others protect their pockets. But Frank will take the mike and look you in the eye and tell you he's saving YOU and protecting YOU. Bunch of freakin' liars. That's all they are. Liars. And we're giving them hundreds of billions as a reward.

Iriemon

Let's see, the Repbublicans controlled the House, the Senate, and the executive for 6 years, from 2000-06.

But its the Dems fault.

Of course.