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Thread: SOTU Address:[W: 378; 1310; 1451]

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by Grant View Post
    Businesses have failed before without having to burn the village t
    o the ground. Try to avoid metaphors until you get the hang of the things.
    He's retired. Unbelievable.

    I honestly thought ad was in his early 20s.

    There is no excuse for being his age and being so wrong.

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    Re: SOTU Address:

    Adagio;1061481670]We haven't had a recession like this one in modern history unless you call the Great Depression the modern age. And don't even think of telling me how bad Reagan had it. I lived through that and we didn't have Banks going under, and an auto industry going under, and a housing market collapse, and we didn't have the stock market drop by half, and we didn't have two wars.
    no we had people going under due to high inflation and high interest rates. If you lived through it that recession affected you and the individuals more. How did this recession hurt you and your family? Again, more questions that you will ignore.

    [/QUOTE]
    And you guys have leadership skills to offer?? Who? Bush? Cheney? Romney?? the clown show at your debates? Boehener? Donald Trump? Who are you to talk about leadership skills? If you had leadership skills you'd have shown them, not talk about them
    .

    Your option is Obama, Reid, and Pelosi? LOL, ok, will take any of them over that group of clowns. Leaders don't delegate responsibility and blame everyone else for their own failures. A leader delegates authority but not responsibility. The buck never gets to Obama




    Perhaps it's actually time uou got over your Obama Derangement Syndrome? Every think of that? Tell me something, is it possible you could be wrong? Possible?
    Results matter, not rhetoric. The Obama results speak for themselves but being retired apparently you missed the economic results of Obama. try BLS.gov, BEA.gov. and the U.S. Treasury sites for actual data


    You mean like you're blaming Obama right now for his lack of leadership which you haven't been able to define beyond the horrible jokes you've offered the country. And that's your idea of leadership?? Legitimate Rape. God wanted it, evolution is theory straight from the pits of Hell, Transvaginal ultrasounds whether you need it or not....just where is it that you think you are leading us?
    Obama has been in office 4 years and it is time to man up and accept responsibility for failure. Obama is an economic failure and apparently most supporters are as well.

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by Fenton View Post
    He's retired. Unbelievable.

    I honestly thought ad was in his early 20s.

    There is no excuse for being his age and being so wrong.
    Yes, I also assumed the same and still remain skeptical of his claim. Early 20's sounds about right.

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by Adagio View Post
    I'm retired pal. Try it. You'll like it . It gives me times to be creative in my view toward people like yourself. Maybe you'll be as creative in your response?

    This is dedicated to you. Enjoy.


    All that time om your hands and you use it being told how to think. All that time on your hands on you use it being td what to think.

    Creative ? Not so much.

    Higly succeptible to empty plattitudes and irrational blame ? Yup..
    The New Democratic Party Slogan :

    " Return to Power By Any Means Necessary "

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    Re: SOTU Address:

    Quote Originally Posted by j-mac View Post
    If that is the case, (which I question btw) then how is it that loyal Obama supporters like yourself, can't be honest about who in that case are the true obstructionists? I mean, when you write as you did here about Obama passing his budget, submitting it to congress, then Harry Reid tabling it because republicans added, or detracted things from it, that is the way it is supposed to happen, Obama and Reid are not Kings!? They don't get to say that it is their way or nothing.
    The difference being that the GOP is being obstructionists on what is best for the country, in order to benefit the wealthy. After witnessing the failure of 30 years of trickle down economics and deregulation, I've got to tell you. That **** don't fly anymore!



    Now look, Republican's were elected too, they have a say whether you, or Obama, or Reid like it or not. The attempt here for you to portray Congressional GOP as the ones responsible for no budget for, seriously, ever since Obama took office, is just not true in any way possible. This is Reid denying elected Congressional officials from having their constitutional say in these matters, and giving Obama a way to go around the constitution of this country to achieve his unlawful agenda matters that he could never get passed the right way.

    It is designed to circumvent the will of the people.
    We reelected the president to do what he is doing, standing up against the continuation of trickle down economics and deregulation.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by Fenton View Post

    Where do you think Investment Banks got their derivitives from ?
    Much of what was being gambled on were commercial bank holdings, or the lack thereof.

    "Former Citigroup Chairman Richard Parsons made the understatement of the year in an interview with Bloomberg when he blamed the 1999 repeal of the Depression era Glass-Steagall Act for helping to set off the global financial crisis.

    With one commercial bank after another collapsing during the early 1930s, there was a widespread belief that their broker-dealer activities interfered with their primary responsibilities as depositary institutions, and ultimately helped accelerate the worst financial crisis the nation has ever seen.

    Lawmakers responded to that rash of commercial bank failures with Glass-Steagall, which forced banks to decide whether they wanted to continue as either commercial or investment banks, but not both. The law, which famously helped birth Morgan Stanley from J.P. Morgan , survived for six decades and kept banks during that time from making the sort of risky bets that drove the global economy into a ditch in 2008.

    "To some extent what we saw in the 2007, 2008 crash was the result of the throwing off of Glass-Steagall," Parsons told Bloomberg. "Have we gotten our arms around it yet? I don't think so because the financial services sector moves so fast."

    That's putting things mildly, to say the least. Nearly four years have gone by since the fateful month of September 2008, and with every passing day it becomes clearer that had that law been allowed to stand, AIG wouldn't have been allowed to make bets on credit default swaps, sell insurance on asset-backed security pools like collateralized debt obligations or batches of subprime mortgages, and eventually become the epicenter for the worst crisis in nearly 70 years. And a megabank like Citigroup might not have ever seen the light of day."

    What Led to the Crisis? The Repeal of Glass-Steagall, Stupid - Advanced Trading
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by Catawba View Post
    Much of what was being gambled on were commercial bank
    holdings, or the lack thereof.

    "Former Citigroup Chairman Richard Parsons made the understatement of the year in an interview with Bloomberg when he blamed the 1999 repeal of the Depression era Glass-Steagall Act for helping to set off the global financial crisis.

    With one commercial bank after another collapsing during the early 1930s, there was a widespread belief that their broker-dealer activities interfered with their primary responsibilities as depositary institutions, and ultimately helped accelerate the worst financial crisis the nation has ever seen.

    Lawmakers responded to that rash of commercial bank failures with Glass-Steagall, which forced banks to decide whether they wanted to continue as either commercial or investment banks, but not both. The law, which famously helped birth Morgan Stanley from J.P. Morgan , survived for six decades and kept banks during that time from making the sort of risky bets that drove the global economy into a ditch in 2008.

    "To some extent what we saw in the 2007, 2008 crash was the result of the throwing off of Glass-Steagall," Parsons told Bloomberg. "Have we gotten our arms around it yet? I don't think so because the financial services sector moves so fast."

    That's putting things mildly, to say the least. Nearly four years have gone by since the fateful month of September 2008, and with every passing day it becomes clearer that had that law been allowed to stand, AIG wouldn't have been allowed to make bets on credit default swaps, sell insurance on asset-backed security pools like collateralized debt obligations or batches of subprime mortgages, and eventually become the epicenter for the worst crisis in nearly 70 years. And a megabank like Citigroup might not have ever seen the light of day."

    What Led to the Crisis? The Repeal of Glass-Steagall, Stupid - Advanced Trading
    Make bets on credit default swaps ? They were collateral for MBSs from the GSEs. They were (CDS) BY LAW collateral for MBSs from the GSEs.

    Your'e willing to ignore about 80% of the cause of the sub-prime machinations to put it all on the repeal of Glass Steagal and credit default swaps ?

    Its ridiculous. Glass Steagal wouldn't have been an issue if the GSEs hadnt been mandated by HUD to buy up massive amounts of bad loans from lenders who were forced to lower their lending standards.I

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by Fenton View Post
    Make bets on credit default swaps ? They were collateral for MBSs from the GSEs. They were (CDS) BY LAW collateral for MBSs from the GSEs.

    Your'e willing to ignore about 80% of the cause of the sub-prime machinations to put it all on the repeal of Glass Steagal and credit default swaps ?

    Its ridiculous. Glass Steagal wouldn't have been an issue if the GSEs hadnt been mandated by HUD to buy up massive amounts of bad loans from lenders who were forced to lower their lending standards.I

    I've studied the issue and disagree. Do you support allowing banks to continue to be too large to fail?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: SOTU Address:

    Quote Originally Posted by Catawba View Post
    The difference being that the GOP is being obstructionists on what is best for the country, in order to benefit the wealthy. After witnessing the failure of 30 years of trickle down economics and deregulation, I've got to tell you. That **** don't fly anymore!
    Trickle down is a pejorative term meant to incite those whom understand little in these matters. What matters is that if you look at the two similar recessions, the one under Carter in the mid to late 70s, and the one Bush left Obama with this time around, the difference is that under Reagan he had turned around that recession in about two years, and so far Obama is failing to do such, touting that this is the new norm....You satisfied with that?

    We reelected the president to do what he is doing, standing up against the continuation of trickle down economics and deregulation.
    So you wanted a dictator, we get that. Only problem is, in this country, "That **** don't fly".....
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: SOTU Address:

    Quote Originally Posted by j-mac View Post
    Trickle down is a pejorative term meant to incite those whom understand little in these matters. What matters is that if you look at the two similar recessions, the one under Carter in the mid to late 70s, and the one Bush left Obama with this time around, the difference is that under Reagan he had turned around that recession in about two years, and so far Obama is failing to do such, touting that this is the new norm....You satisfied with that?
    Only those that have no concept of the severity of this recession compared to the one under Carter and Reagan would buy your version of history.


    So you wanted a dictator, we get that. Only problem is, in this country, "That **** don't fly".....
    You have the ability to mimic me, aren't you special!
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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