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Obama is purposefully destroying the U.S. economy.

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Obama is purposefully destroying the U.S. economy.

 
Old 02-22-2009, 07:28 PM
  #41  
ZO6Gal
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Originally Posted by KenHorse View Post
Wanna bet?

FACT: The Democrats caused the mortgage crisis by mandating eased requirements for lending, even to people who had no chance of ever paying the loan back. If banks and other lending institutions did not comply, their "score" from the SEC was too low to permit certain business transactions such as merges, etc. This is nothing less than a gun held to the head.

FACT: The Democrats stacked the operations of Fannie Mae with other Democrats who then cooked the books (FM had to settle with the SEC about this) and took HUNDREDS OF MILLIONS OF DOLLARS in bonuses and funneled MILLIONS in campaign contributions to members of Congress.

FACT: Bill Clinton turned a blind eye to all of this during most of the 90's. In fact, he worsened the situation in 1995 by making the CRA even more lopsided and requiring even MORE bad loans.

FACT: The Democrats who run Fannie Mae took hundreds of millions in bonuses while Congressional Dems provided cover, including Charlie Rangel , Chris Dodd , Barack Obama and Joe Biden.

FACT: Democrat Chris Dodd was #1 recipient with Democrat Barack Obama being #2 in campaign contributions from Fannie Mae and Freddy Mac

FACT: The Democrats blocked every attempt by Republicans to investigate Fannie Mae and its business practices. In fact, the Bush Administration introduced at least 13 attempts over the past 8 years (with McCain supporting it) only to have the Democrats block every one through parliamentary procedures as the Republicans, while controlling both Houses, NEVER had a super majority so the Dems could block anything they pleased (case in point - judicial nominees)

FACT: The Dems who are only doing CYA by deflecting THEIR RESPONSIBILITIES IN THIS MESS

Ken, didn't Obama receive something like a $60 million bonus as well? If so, I bet he was in favor of capitalism at that point.
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Old 02-22-2009, 07:29 PM
  #42  
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Originally Posted by SSWEET View Post
Please up until 2006, Republicans controlled Congress and the White House...don't blame on Democrats...the Gramm,Leach Bliley Act was instrumental in the credit crisis....pushed by Republicans..
This mess started way before the Dems took control of the house.
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Old 02-22-2009, 07:30 PM
  #43  
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im just going to move to Italy
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Old 02-22-2009, 07:44 PM
  #44  
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Originally Posted by rgcarmack14 View Post
Ken, didn't Obama receive something like a $60 million bonus as well? If so, I bet he was in favor of capitalism at that point.
As I pointed out, Obama was #2 receiver in kickbacks from Fannie Mae, right behind Chris Dodd and John Kerry.
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Old 02-22-2009, 07:48 PM
  #45  
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Originally Posted by rgcarmack14 View Post
Agree Will. He wants power - total power - at whatever the cost. It is simple logic that you don't go deeper in debt to get out of debt and he is going to take us where we've never been and don't want to go. This lunacy has to stop.
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Old 02-22-2009, 07:50 PM
  #46  
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Originally Posted by CHASLS2 View Post
This mess started way before the Dems took control of the house.
Yeah, they just took the ball and ran with it.

There's plenty of finger pointing to go around, but the Dems are in this up to their necks. And their current plan to solve it is to do *drum roll* more of the same!!!

Wonderful.
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Old 02-22-2009, 08:10 PM
  #47  
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Where is Jack Bauer when you need him.
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Old 02-22-2009, 08:16 PM
  #48  
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Originally Posted by platoface View Post
where is jack bauer when you need him.

lol!!!!
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Old 02-22-2009, 08:16 PM
  #49  
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Originally Posted by Platoface View Post
Where is Jack Bauer when you need him.
tomorrow night @ 9:00 pm EST
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Old 02-22-2009, 08:39 PM
  #50  
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Originally Posted by CHASLS2 View Post
There you guys go again jumping the gun. Lets not blame Obama until he is given time to prove his screw ups.
He has had more than enough time and has done a bunch of crap and no good
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Old 02-22-2009, 08:40 PM
  #51  
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Originally Posted by CHASLS2 View Post
There you guys go again jumping the gun. Lets not blame Obama until he is given time to prove his screw ups.
He has had more than enough time and has done a bunch of crap and no good
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Old 02-22-2009, 08:53 PM
  #52  
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Originally Posted by CHASLS2 View Post
This mess started way before the Dems took control of the house.
way before Bush took office as well
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Old 02-22-2009, 09:13 PM
  #53  
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IF you're torqued as much as I am, remember, if we can swing congress in 2010 back to true conservatives, even Blue Dog Democrats, we can put the brakes on Porkulus. Put a dollar a day in the cookie jar and give it to your local conservative congressional candidate in the 2010 election. This is about all we can do as of now and I am doing it.
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Old 02-22-2009, 09:20 PM
  #54  
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Originally Posted by bubba68ss View Post
way before Bush took office as well
in part. Bush number 1 did his fair share of damage.
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Old 02-22-2009, 09:20 PM
  #55  
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Originally Posted by Radioshop View Post
IF you're torqued as much as I am, remember, if we can swing congress in 2010 back to true conservatives, even Blue Dog Democrats, we can put the brakes on Porkulus. Put a dollar a day in the cookie jar and give it to your local conservative congressional candidate in the 2010 election. This is about all we can do as of now and I am doing it.
Alot of damage can be done in four short years. Carter is a good example. We're still dealing with some of his messes.
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Old 02-22-2009, 09:27 PM
  #56  
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Hopefully it will get much worse... just wait till the dow sheds off another couple thousand points. Whoevers left standing will get rich on the upswing.

Originally Posted by CHASLS2 View Post
Well buddy, it is about destroyed. The economy is like a turd spinning in a toilet just waiting to go down the pipe. Won't take much of a flush to send the economy off the charts.
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Old 02-22-2009, 09:29 PM
  #57  
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Originally Posted by SSWEET View Post
The majority of American voters selected the person they thought was best suited to lead this country out of the economic jungle that the former president got this country into via tax cut, massive spending and poor regulatory oversight. You can't expect intelligent Americans to select the party that got you hopelessly lost in the jungle to lead you out.................doesn't work that way.
100% LIE

libs have even bragged that they are guilty of causing this and Republican oversight should have stopped them
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Old 02-22-2009, 09:42 PM
  #58  
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Originally Posted by _Will_ View Post
What a con-artist. Change my posterior.

TRIPLING the budget deficit this year with TRILLIONS in new spending. then claiming to be fiscally responsible because he's going to try and cut that in half by 2013. Since you Obamatards aren't too bright, let me make this simple for you: If you multiply some number x by 3, then half it, you still end up with a larger number than you started with.

3x/2 > x

And "by 2013" means that in the meantime, we'll be spending way more than we did under Bush, and Obama and the democrats WILL push this country to the point where our national debt EXCEEDS GDP.





This projection is based on a deficit this year of almost 1 and a half trillion dollars, and a conservative projection that the economy will recover strongly enough THIS YEAR to cancel out all losses early in the year.


Then Obama responds to the housing bubble and mortgage crisis how? By unveiling a plan to add more debt and EXTEND the problem.





We had a bubble you Democrat idiots. We NEED these homes to foreclose and flood the market. Prices are STILL artificially high. We cannot move forward again until we put this bubble behind us. Obama's plan will only help prolong the problem, not to mention that it does not reverse the policies that led us here in the first place.


And now this clown is announcing another STUPID plan for next week, RAISING BUSINESS TAXES. Hope you sheep like high unmployment and outsourcing. We're getting change in the long run all right, the Europeanization of America.


Obama has criticized the one DEMONSTRABLY successful Bush policy, the REAL tax cuts of 2003, and is hypocritically continuing and ENHANCING EVERYTHING wrong we have done. He is continuing and INCREASING rampant spending. He is continuing and INCREASING punitive taxation and encouragement of outsourcing. He is continuing and INCREASING our failed housing policies. He is continuing and INCREASING deficit spending and out of control national debt. He is continuing and WORSENING lax immigration and border policy. etc., etc., etc.


ONE MONTH in and he's TRIPLED Bush's pet spending over 8 years, TRIPLED our coming budget deficit, and completely DESTROYED the welfare reforms of the 1990s. He is REPEATING Bush's failed economic policies of 2001 and 2008 transfer payments disguised as "tax cuts," he is REPEATING the failed housing policy of the last 10 years, and he is destroying this nation economically and fiscally.

What a joke. Thanks a lot you sheep. Bush's 3rd term is here all right, and it's even worse and more costly than the first two. Hope assuaging your white guilt was worth it. Hope your shallow feelings of "Hope" and empty slogans of "Change" were worth it. Hope your child like desire to "get" Bush for slights sometimes real but mostly imagined was worth running this **** into the ground.
Sounds like you don't agree with the spending program Obama is employing to jumpstart the economy. Some of the republican governors said they didn't plan to take all the money he is sending their way, but that's okay as the democratic governor of Michigan volunteered to take whatever they didn't want to create more jobs in her state. Sounds like some are on board & others are railing against any spending initiatives. Unfortunately since the republicans lost, I guess the crowd who's in charge now although they will listen, in the end don't really care if the opposition party can't or won't get on board. Incidentally, isn't smoking that stuff illegal?
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Old 02-22-2009, 09:47 PM
  #59  
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obama is purposefully destroying the u.s. Economy.
bs!
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Old 02-22-2009, 09:58 PM
  #60  
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Originally Posted by Blown67427 View Post
Alot of damage can be done in four short years. Carter is a good example. We're still dealing with some of his messes.
Yeah, but we have mid term congressional elections in 2010, that's two years out.
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