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It basically reminds me of past history in Canada.
Liberals from 1963-1984 enacted policies which wrecked the nation's economy, and then enacted a bailout of Dome Petroleum in 1982 which percolated to the next government; when Mulroney's Progressive-Conservatives were elected in 1984 landslide, they removed (in Mulroney's own 9-year misrule) very few of the bad policies of the Liberals--but compounded these with one of their own, the GST!
0blahma becoming President is like Gilles Duceppe winning Canada's 2008/10/14 federal election--only difference is that Duceppe's dislike of Canada is declared, while 0blahma attempts to camouflage his hatred of US.
www.edmartinonline.com
The bill would also introduce “anti advocacy provisions” barring money from Fan & Fred being used as a slush fund for liberal lobbying organizations.
Despite Democrat opposition to that measure the bill passed the House, but could not get a vote in the Senate even after the anti-lobbying provision was removed.
It is wrong to say the Bush Administration did nothing.
Most of the folks stating that they did not understand the details on their loans are feeding us BS. They knew they could not or would not be able to repay those loans.
the focus on the borrowers when the investors are the ones getting bailed out.
The Dems are trying to extend the help to the borrowers, but they weren't the ones that put the bailout on the table. They're just saying what's good for the goose is good for the gander.
2. Why should my taxes pay for the MORONS that needed to risk it all on low interest variable rate loans only so they can keep up with the Jones'?
GREED is EPIDEMIC in this country and among those to blame is Hollywood and the liberal media. Why you ask? simple, everyone knows that this country is controlled financially by 30% of the population. This means that the vast majority is average (or below average) and impressionable in regards to intelligence, character and ability to succeed (there are plenty of studies that show this, some have the break down at 20%/80%... refer to Yale Univ. studies). So the first source of impression for these average folks is... yes, television. Need more proof? just look at the ratings and demographics of the dumbest shows on television ... the reality shows which thrive on human embarrassment, dishonesty and every other negative character trait there is, shows that thrive on the misfortunes of others, the list is endless. This group of people make the National Inquirer and many other lowest of the low enterprises profitable.
Actors - This group of people promote rich and lavish lifestyles and look down upon the average American as lame, they are more concerned about what designer makes their clothes, how much their boyfriends spend on their engagement rings, what daycare to take the kids to while they go shopping, what the hippest drug is, who to cheat on/with next to 'improve' their image, what prostitute's outfit shows more skin so they can wear it to the "Awards", how many cars they can buy to impress the neighbors, what charity can they sign up with so they can advertise it later for improved public image.
There may be other sources of social corruption, but without a doubt television has had a tremendous negative effect on the 70% class.
I'm fine to agree with anyone who says too many people took loans they never should have. But for the life of me, cannot figure out how you give the other party to the transaction a free pass.
And let's not forget the social engineers who brought this one with the force of law.
The banks and financial institutions gave free pass to the "other party" by being bullied by organizations like ACORN. This organization went to the extent of harrassing bank officials and picketing their homes and offices if a real estate mortgage loan had been declined by a poor applicant.
By the way, I am against the bailout because these people knew what they are getting into and they should know how to get out of this mess.
AU
How does the Clinton administration take the blame for unscrupulous banking and rating agency behavior? It's the usual spinning of the Republicans, who know that their lack of oversight of banking and rating agency behavior will lose them control of the government, at long last. Unfortunately, the Republicans have done their damage, and the incoming Democrat-controlled government will have to pick up the pieces. I hope Bill Clinton speaks out soon against this false representation of his administration's policies.
He stated that the fault lies with the Democratic Congress for resisting MORE regulation from the Republicans and his administration... he said it last week on TV.
James