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Thread: President Obama Takes a Break at Camp David

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    Re: President Obama Takes a Break at Camp David

    Quote Originally Posted by donc View Post
    Cool, would you rather we say it all started (the great bush recession) during the term of an unnamed President on December 2007,when the great recession began.
    Personally .. . I don't really care who started it .. what I'm more interested in is that no one seems to be fixing it .. of course for liberals .. fixing it isn't the problem .. you have to first make sure that they take no responsibility for causing it, no responsibility for what has happened since they took over, and no responsibility for anything that might happen in the future because of their policies. Whats more important is deflect any criticism of policy by stating it's Bush's fault .

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    Re: President Obama Takes a Break at Camp David

    Quote Originally Posted by Sheik Yerbuti View Post
    "Thanks to our policies, home ownership in America is at an all- time high." ~ George Bush, 9.2.2004, RNC acceptance speech
    hmmm and that is an answer to the question what was the single biggest factor in the collaspe how again ??? Ah I forget . . Blaming Bush is your mantra .. lets now worry about facts ..

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    Re: President Obama Takes a Break at Camp David

    Quote Originally Posted by Sheik Yerbuti View Post
    And it was Bush who was commander-in-chief on 9.11 who did diddly squat to prevent it.
    The second Glass–Steagall Act (the Banking Act of 1933) was a reaction to the collapse of a large portion of the American commercial banking system in early 1933. Literature in economics usually refers to this latter act simply as the Glass–Steagall Act,*

    The repeal of provisions of the Glass–Steagall Act of 1933 by the Gramm-Leach-Bliley Act effectively removed the separation that previously existed between Wall Street investment banks and depository banks.

    The repeal enabled commercial lenders such as*Citigroup, which was in 1999 the largest U.S. bank by assets, to underwrite and trade instruments such as*mortgage-backed securities*and*collateralized debt obligations*and establish so-called*structured investment vehicles, or SIVs, that bought those securities.[22]*Elizabeth Warren,[23]*author and one of the five outside experts who constitute the Congressional Oversight Panel of the*Troubled Asset Relief Program, has said that the repeal of this act contributed to the*Global financial crisis of 2008–2009

    The year before the repeal,*sub-prime loans*were just five percent of all mortgage lending. *By the time the*credit crisis peaked*in 2008, they were approaching 30 percent.

    So lets see if I have this straight .. the Glass Steagall act .. .was passed and signed into law ... because of the collapse of a large portion of the American commercial banking system .

    In 1999 president Clinton signs a repeal of that law .. and 8 years later we have a collapse of our banking system. With the major problem being that banks were now doing what the the Glass Steagall act prevented them from doing. The libs response to this …. well it was Bush's fault ..

    Hey if you choose to walk around with blinders on .. thats fine by me I've understood the liberal mantra of destroy, do nothing , and blame others for a while now .. I remember NAFTA … another gem signed by the Clinton administration, that has proven (according to liberals anyway) to be great for America. I can't help to wonder when Ross Perot ran for president and told us this about NAFTA hear that sucking sound .. those are jobs leaving American ….. ah maybe he was wrong .. and that was just Bill getting his BJ in the white house .

    Thankfully the people woke up quickly when Democrats took control of the two houses … and then the white house .. and showed just how incapable they were. November 2010 brought about one of the biggest changes in history …. keep along the path we are on now .. . 2012 will be just as big .. but hey just keep your blinders on .. remember it's all Bush's fault .. and Obama is going a great job ..

    Now history aside .. . I can understand your need to keep Bush in the topic ... if My parties policies were failing as bad as yours .. I wouldn't want to talk about it either.. altho it's easier on me right now ... because I don't have a party ... until republicans prove that they have gone back to their roots . . I see them as the same spending jerks as the democrats
    Last edited by The Barbarian; 07-05-11 at 01:31 PM.

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    Re: President Obama Takes a Break at Camp David

    Quote Originally Posted by The Barbarian View Post
    Personally .. . I don't really care who started it .. what I'm more interested in is that no one seems to be fixing it .. of course for liberals .. fixing it isn't the problem .. you have to first make sure that they take no responsibility for causing it, no responsibility for what has happened since they took over, and no responsibility for anything that might happen in the future because of their policies. Whats more important is deflect any criticism of policy by stating it's Bush's fault .
    Congress is in charge of passing laws that affect out economy. Right now, Congress is divided with the R's having a majority in the House, and D's in the Senate majority.

    Both parties are to blame for whatever is and is not being done right now. However, with R's controlling the WH and Congress for most of the bush* admin, the R's are clearly responsible for largest spending spree in US history, and for the majority of the national debt
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    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: President Obama Takes a Break at Camp David

    Quote Originally Posted by The Barbarian View Post

    In 1999 president Clinton signs a repeal of that law .. and 8 years later we have a collapse of our banking system. With the major problem being that banks were now doing what the the Glass Steagall act prevented them from doing. The libs response to this …. well it was Bush's fault ..
    You cannot expect a political party to take responsibility ... it's counter intuitive to expect such a thing and the narrative by all liberal and progressive mouth pieces around the country planned at the time how to address this and they decided that they would blame it on Bush (read: Journolist) - as he would be the perfect foil because of his low approval, high disapproval and general lack of popularity around the world. Even without journolist, it would have fallen that way - it always does and is one of the golden rules of politics - any politics: It's always the previous guys fault (e.g., "Sit down and write two letters.")
    “I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d agree with it. He would agree that the First Amendment cannot be absolute.” - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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    Re: President Obama Takes a Break at Camp David

    Quote Originally Posted by The Barbarian View Post

    hmmm and that is an answer to the question what was the single biggest factor in the collaspe how again ??? Ah I forget . . Blaming Bush is your mantra .. lets now worry about facts ..
    Yes, that was the answer. Bush credited Republican policies for driving homeownership to record levels. Of course, he gave them credit before anyone realized they had created a housing bubble on its way to exploding.

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    Re: President Obama Takes a Break at Camp David

    Quote Originally Posted by Sheik Yerbuti View Post
    Yes, that was the answer. Bush credited Republican policies for driving homeownership to record levels. Of course, he gave them credit before anyone realized they had created a housing bubble on its way to exploding.

    Bush created the housing bubble.....

    that is funny stuff right there...

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    Re: President Obama Takes a Break at Camp David

    Quote Originally Posted by The Barbarian View Post

    The second Glass–Steagall Act (the Banking Act of 1933) was a reaction to the collapse of a large portion of the American commercial banking system in early 1933. Literature in economics usually refers to this latter act simply as the Glass–Steagall Act,*

    The repeal of provisions of the Glass–Steagall Act of 1933 by the Gramm-Leach-Bliley Act effectively removed the separation that previously existed between Wall Street investment banks and depository banks.

    The repeal enabled commercial lenders such as*Citigroup, which was in 1999 the largest U.S. bank by assets, to underwrite and trade instruments such as*mortgage-backed securities*and*collateralized debt obligations*and establish so-called*structured investment vehicles, or SIVs, that bought those securities.[22]*Elizabeth Warren,[23]*author and one of the five outside experts who constitute the Congressional Oversight Panel of the*Troubled Asset Relief Program, has said that the repeal of this act contributed to the*Global financial crisis of 2008–2009

    The year before the repeal,*sub-prime loans*were just five percent of all mortgage lending. *By the time the*credit crisis peaked*in 2008, they were approaching 30 percent.

    So lets see if I have this straight .. the Glass Steagall act .. .was passed and signed into law ... because of the collapse of a large portion of the American commercial banking system .

    In 1999 president Clinton signs a repeal of that law .. and 8 years later we have a collapse of our banking system. With the major problem being that banks were now doing what the the Glass Steagall act prevented them from doing. The libs response to this …. well it was Bush's fault ..

    Hey if you choose to walk around with blinders on .. thats fine by me I've understood the liberal mantra of destroy, do nothing , and blame others for a while now .. I remember NAFTA … another gem signed by the Clinton administration, that has proven (according to liberals anyway) to be great for America. I can't help to wonder when Ross Perot ran for president and told us this about NAFTA hear that sucking sound .. those are jobs leaving American ….. ah maybe he was wrong .. and that was just Bill getting his BJ in the white house .

    Thankfully the people woke up quickly when Democrats took control of the two houses … and then the white house .. and showed just how incapable they were. November 2010 brought about one of the biggest changes in history …. keep along the path we are on now .. . 2012 will be just as big .. but hey just keep your blinders on .. remember it's all Bush's fault .. and Obama is going a great job ..

    Now history aside .. . I can understand your need to keep Bush in the topic ... if My parties policies were failing as bad as yours .. I wouldn't want to talk about it either.. altho it's easier on me right now ... because I don't have a party ... until republicans prove that they have gone back to their roots . . I see them as the same spending jerks as the democrats
    I don't see anyone blaming only Bush for the collapse. I've personally included Clinton in sharing the blame, as well as others. But why do you think the bill was called the Gramm-Leach-Bliley Act?

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    Re: President Obama Takes a Break at Camp David

    Quote Originally Posted by j-mac View Post
    Bush created the housing bubble.....

    that is funny stuff right there...

    j-mac
    Well, we all know that Bush was all powerful, and Obama is just a President and has no power over anything....
    “I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d agree with it. He would agree that the First Amendment cannot be absolute.” - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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    Re: President Obama Takes a Break at Camp David

    Quote Originally Posted by j-mac View Post
    Bush created the housing bubble.....

    that is funny stuff right there...

    j-mac
    You think he's blameless?? He had nothing to do with it??

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