Is Obama and Holder trying to start another Civil War?

[Mertex]

Ya right, nice propoganda meme. After years of looking for work, people have just stopped looking and collecting unemployment. Unemployment among blacks and inner city is in record numbers. Yet all you have is an upswing in the stock market. The economy collapsed under Bush because the corrupt Dems had forced the banks to give out shady loans to unqualified people.

That's bullshit. Bush pushed banks to ease up on the requirements and banks allowed people to buy houses they couldn't afford. You notice that the Banks didn't lose any money, right? Why don't you and your party start taking responsibility for the inept people you think are qualified to run the country. Bush (Doofus) wasn't qualified to be a dog-catcher, but morons voted for him in droves and are to blame for the major screwup under his Administration.

Naaaaaah. Look it up, the democrat leadership forced the banks to give loans to people in inner city and to unqualified people who couldn't afford to pay them back. And then they conveniently pointed their fingers at Bush. You're right he is a dufus, because if he was smart, he would keep blaming everything on other people, just like Oblahblah.

Back your statements with facts, I know you can spew conservative gibberish, but facts are facts.


These experts, from both political parties, say Bush's early personnel choices and overarching antipathy toward regulation created a climate that, if it did not trigger the turmoil, almost certainly aggravated it. The president's first two Treasury secretaries, for instance, lacked the kind of Wall Street expertise that might have helped them raise red flags about the use of complex financial instruments at the heart of the crisis.

Today, even those sympathetic to Bush say he cannot disentangle himself from a home-lending industry run amok or a banking industry that mortgaged its future on toxic loans.

"The crisis definitely happened on their watch," said Kenneth Rogoff, a professor of economics at Harvard University who advises the Republican presidential candidate John McCain. "This is eight years into the Bush administration. There was a lot of time to deal with it."

Still, the White House, in the view of critics, fostered a free-market hothouse in which these excesses were able to flower. It avoided regulation of banks and mortgage brokers, leaving much of that work to the Federal Reserve, which, under Alan Greenspan, showed little appetite for regulation. By the time Bush's current Treasury secretary, Henry Paulson Jr., proposed an overhaul of regulations governing the financial sector in April, the storm was already brewing.


Beyond its deregulatory bent, some economists argue that the administration's fiscal and tax policies made the United States more dependent on foreign capital, which fueled the bubble in housing prices.

"A different Treasury would have taken a different approach," said Lawrence Summers, who served as Treasury secretary in the Clinton administration. "I don't think the economy has been well-managed, and that has certainly been crucial for the problems we're facing."


http://www.nytimes.com/2008/09/20/b...iht-prexy.4.16321064.html?pagewanted=all&_r=0

 

[Skylar]

Could you imagine these guys fighting a civil war? Hilarious. Better lay off the pancakes and syrup. Uh huh.

Exactly. The millenials are fighting age. And there's no fucking chance they are gonna start killing people because of say, gay marriage.

 

[Roudy]

Ya right, nice propoganda meme. After years of looking for work, people have just stopped looking and collecting unemployment. Unemployment among blacks and inner city is in record numbers. Yet all you have is an upswing in the stock market. The economy collapsed under Bush because the corrupt Dems had forced the banks to give out shady loans to unqualified people.

That's bullshit. Bush pushed banks to ease up on the requirements and banks allowed people to buy houses they couldn't afford. You notice that the Banks didn't lose any money, right? Why don't you and your party start taking responsibility for the inept people you think are qualified to run the country. Bush (Doofus) wasn't qualified to be a dog-catcher, but morons voted for him in droves and are to blame for the major screwup under his Administration.

Naaaaaah. Look it up, the democrat leadership forced the banks to give loans to people in inner city and to unqualified people who couldn't afford to pay them back. And then they conveniently pointed their fingers at Bush. You're right he is a dufus, because if he was smart, he would keep blaming everything on other people, just like Oblahblah.

Back your statements with facts, I know you can spew conservative gibberish, but facts are facts.


These experts, from both political parties, say Bush's early personnel choices and overarching antipathy toward regulation created a climate that, if it did not trigger the turmoil, almost certainly aggravated it. The president's first two Treasury secretaries, for instance, lacked the kind of Wall Street expertise that might have helped them raise red flags about the use of complex financial instruments at the heart of the crisis.

Today, even those sympathetic to Bush say he cannot disentangle himself from a home-lending industry run amok or a banking industry that mortgaged its future on toxic loans.

"The crisis definitely happened on their watch," said Kenneth Rogoff, a professor of economics at Harvard University who advises the Republican presidential candidate John McCain. "This is eight years into the Bush administration. There was a lot of time to deal with it."

Still, the White House, in the view of critics, fostered a free-market hothouse in which these excesses were able to flower. It avoided regulation of banks and mortgage brokers, leaving much of that work to the Federal Reserve, which, under Alan Greenspan, showed little appetite for regulation. By the time Bush's current Treasury secretary, Henry Paulson Jr., proposed an overhaul of regulations governing the financial sector in April, the storm was already brewing.


Beyond its deregulatory bent, some economists argue that the administration's fiscal and tax policies made the United States more dependent on foreign capital, which fueled the bubble in housing prices.

"A different Treasury would have taken a different approach," said Lawrence Summers, who served as Treasury secretary in the Clinton administration. "I don't think the economy has been well-managed, and that has certainly been crucial for the problems we're facing."


http://www.nytimes.com/2008/09/20/b...iht-prexy.4.16321064.html?pagewanted=all&_r=0

NY Times? Ha ha ha. They're worse than PMSNBC.