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Thread: Regulation Business, Jobs Booming Under Obama

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    Re: Regulation Business, Jobs Booming Under Obama

    Quote Originally Posted by AdamT View Post
    Actually the House, in a bipartisan effort aided by Barney Frank, actually passed a bill to reform Freddie and Fannie, but it was killed by Republicans in the Senate at the insistance of the White House.

    FT.com / UK - Oxley hits back at ideologues
    In 2005, Republican Mike Oxley, then chairman of the House Financial Services Committee, brought up a reform bill (H.R. 1461), and Fannie and Freddie's lobbyists set out to weaken it. The bill was rendered so toothless that Card called Oxley the night before markup and promised to oppose it. Oxley pulled the bill instead.

    During this period, Sen. Richard Shelby led a small group of legislators favoring reform, including fellow Republican Sens. John Sununu, Chuck Hagel and Elizabeth Dole. Meanwhile, Dodd -- who along with Democratic Sens. John Kerry, Barack Obama and Hillary Clinton were the top four recipients of Fannie and Freddie campaign contributions from 1988 to 2008 -- actively opposed such measures and further weakened existing regulation


    Al Hubbard and Noam Neusner - Where Was Sen. Dodd?


    Thinks someone should get all the facts before posting things that are half false. This bill was pulled from the floor, it was never voted upon. There for claiming it was killed by the white house is just an outright lie

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    Re: Regulation Business, Jobs Booming Under Obama

    Quote Originally Posted by AdamT View Post
    We don't really have to look very hard, do we? The financial crisis was brought on by a failure to adequately regulate the financial and real estate markets, and a failure to enforce existing regulations -- in part due to insufficient regulatory staff. Only in bizarro world would you conclude that the measures taken after the fact to address the causes of the worst recession in three generations are responsible for the fallout from that recession.
    It is only the worst recession in 3 generations because Obama made things worse rather than better.

    I think Bush was a complete dill-weed and a horrible president. This doesn’t mean he is/was the cause of the double dip recession we are going into.

    Obama owns this recession just as Bush owned the recession Clinton left for him and still owned it following 9/11.

    Americans don’t buy the snake oil you are selling. It isn’t like we don’t already know that Obama will blame anyone and everything before he will ever get real and tell us how things really are. How can you trust a man who claims the house isn’t on fire when people are jumping out of the windows all around him and the smoke is choking you?

    Obama didn’t cause the slump we are in but I think he made it worse. You can argue with me on this. You can’t argue that he made things better though because things aren’t better. You can’t argue that it would have been a lot worse if it weren’t for Obama because he didn’t run on “It will be bad but I’ll keep it from being worse”, he ran on and talked tall crap about how he was going to fix this mess.

    Maybe he wasn’t paying attention to the economy as a US Senator or candidate for President and it caught him off guard. Who knows?

    What we do know is that he can’t deliver the change we can believe in because he is too bust blaming others for the change he can’t believe in.

    "Too often we enjoy the comfort of opinion without the discomfort of thought."
    John F. Kennedy
    Quote Originally Posted by Montecresto View Post
    It would seem that the constitution is just a god damn piece of paper, to be trotted out when expedient.

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    Re: Regulation Business, Jobs Booming Under Obama

    Fannie and Freddy did not make these bad mortgages. They backed them as derivatives, thats bad but not nearly as bad as the actual banks. It was the banks who were actually giving out the bad loans. If the banks dont give out bad loans F&F are not only ok but profitable.

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    Re: Regulation Business, Jobs Booming Under Obama

    Quote Originally Posted by GPS_Flex View Post
    It is only the worst recession in 3 generations because Obama made things worse rather than better.

    I think Bush was a complete dill-weed and a horrible president. This doesnít mean he is/was the cause of the double dip recession we are going into.

    Obama owns this recession just as Bush owned the recession Clinton left for him and still owned it following 9/11.

    Americans donít buy the snake oil you are selling. It isnít like we donít already know that Obama will blame anyone and everything before he will ever get real and tell us how things really are. How can you trust a man who claims the house isnít on fire when people are jumping out of the windows all around him and the smoke is choking you?

    Obama didnít cause the slump we are in but I think he made it worse. You can argue with me on this. You canít argue that he made things better though because things arenít better. You canít argue that it would have been a lot worse if it werenít for Obama because he didnít run on ďIt will be bad but Iíll keep it from being worseĒ, he ran on and talked tall crap about how he was going to fix this mess.

    Maybe he wasnít paying attention to the economy as a US Senator or candidate for President and it caught him off guard. Who knows?

    What we do know is that he canít deliver the change we can believe in because he is too bust blaming others for the change he canít believe in.
    Even Rasmussen, which is biased pretty heavily towards conservatives in its models disagrees with your assessment on the stance of the public

    49% Blame Bad Economy on Bush's Recession, 44% on Obama's Policies - Rasmussen Reportsô

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    Re: Regulation Business, Jobs Booming Under Obama

    Quote Originally Posted by MrVicchio View Post
    Someone forgets which party said "Hey we need to do something about this" and the party that said "No problem here"...

    Congratulations for finding this video that clearly contradicts what Obama and many other Liberals have been claiming about President Bush for the last couple of years.

    It's too bad someone didn't point out all this information before the last election, but then McCain would be in office and we might not be very much better off than we are. However we would be a little better off because Obama has been a disaster from the get go.

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    Re: Regulation Business, Jobs Booming Under Obama

    Quote Originally Posted by megaprogman View Post
    Even Rasmussen, which is biased pretty heavily towards conservatives in its models disagrees with your assessment on the stance of the public

    49% Blame Bad Economy on Bush's Recession, 44% on Obama's Policies - Rasmussen Reports™
    I prefer this more recent Gallup poll that shows 71% disapprove of Obama’s handling of the economy while only 26% approve. I think it supports my assessment quite well.

    "Too often we enjoy the comfort of opinion without the discomfort of thought."
    John F. Kennedy
    Quote Originally Posted by Montecresto View Post
    It would seem that the constitution is just a god damn piece of paper, to be trotted out when expedient.

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    Re: Regulation Business, Jobs Booming Under Obama

    Quote Originally Posted by GPS_Flex View Post
    I prefer this more recent Gallup poll that shows 71% disapprove of Obama’s handling of the economy while only 26% approve. I think it supports my assessment quite well.
    I forgot to post my link.

    "Too often we enjoy the comfort of opinion without the discomfort of thought."
    John F. Kennedy
    Quote Originally Posted by Montecresto View Post
    It would seem that the constitution is just a god damn piece of paper, to be trotted out when expedient.

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    Re: Regulation Business, Jobs Booming Under Obama

    Quote Originally Posted by The Barbarian View Post

    Al Hubbard and Noam Neusner - Where Was Sen. Dodd?


    Thinks someone should get all the facts before posting things that are half false. This bill was pulled from the floor, it was never voted upon. There for claiming it was killed by the white house is just an outright lie
    Thinks someone does not know how Congress works.... It is common practice to pull a bill before a vote when a head count reveals that the votes are not there.

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    Re: Regulation Business, Jobs Booming Under Obama

    Quote Originally Posted by AdamT View Post
    Thinks someone does not know how Congress works.... It is common practice to pull a bill before a vote when a head count reveals that the votes are not there.
    And this supports your original point how? The version Frank wanted to pass wouldn't do squat to fix the issue. Frank and most of the democrats wouldn't support the bill that eventually passed in 2007 because he felt it went too far. Looks like Frank has been on the wrong side of history more often than not.

    Bush drropped the ball by not leading more forcefully on this issue but he did try, a little, to do something about it before the chickens came home to roost. Smells like chicken **** everywhere you go now doesn't it?

    "Too often we enjoy the comfort of opinion without the discomfort of thought."
    John F. Kennedy
    Quote Originally Posted by Montecresto View Post
    It would seem that the constitution is just a god damn piece of paper, to be trotted out when expedient.

  10. #20
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    Re: Regulation Business, Jobs Booming Under Obama

    You guys are arguing over a bill that would not have stopped the housing crisis anyway. F&F were not giving out the bad mortgages. Even with a strict regulation bill the problem would not have been avoided. Should we have passed a better reform bill; YES. Would it have prevented this economic crisis;NO. They simply had little to do with the bad loans that were given out.

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