Dem's will never learn

[airdvr 210]

Democrats on path to repeat housing disaster

With all the attention paid to the health care battle, ACORN, and the president's "Full Ginsburg" appearances on five Sunday talk shows, few people noticed a hearing with an exceedingly boring title -- "Proposals to Enhance the Community Reinvestment Act" -- held last week in the House Financial Services Committee. But the session marked a key moment in the ongoing battle between Republicans and Democrats over what caused our current financial woes -- and how we might best avoid getting into the same trouble again.

At the hearing, and in others across Capitol Hill, Democratic majorities are pressing hard to expand some of the very policies that led to the reckless home lending that in turn helped lead to the great financial meltdown. If Chairman Barney Frank and his fellow Democrats have their way, we'll do it all again -- and more.

Please don't dent the planet.

Destinations by Roxanne

[dks13827 3]

that's great isn't it ?? People that I know have lost their job ( me too !! ) their house, their equity, their savings, EVERYTHING !!!
But as was stated., those idiots in Congress would do it all over again.. and they might !!!

[Lucky... 0]

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At the hearing, and in others across Capitol Hill, Democratic majorities are pressing hard to expand some of the very policies that led to the reckless home lending that in turn helped lead to the great financial meltdown. If Chairman Barney Frank and his fellow Democrats have their way, we'll do it all again -- and more.

I see, the entire mess started with Reagan jacking the debt from 900B to 5.5T by slashing taxes and overspending before GHWB and Clinton could tax us back into order, of course we were at 5.5T by then. Then GWB and the predominantly Republican Congress slashes taxes and overspends to double that mess and excuseme how is that the Dem's fault? The best congressional years were from 89 to 94 whne those horrible tax increases and spending cuts were undertaken, so again, how is this the fault of the Dems?

[justinb138 0]

It's the fault of government, on both sides.

[Lucky... 0]

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It's the fault of government, on both sides.

Only to the extent that they have given the country to the corporations and the Republicans have done most of that.

But again, your side, Republicans own most of this mess so you want to share the wealth. The country was in OK shape in 1981 at 900B debt, then Reagan and GWB along with the Republican Congress has run it up to 12T, the only break was GHWB and Clinton and the congress from 89-94 when taxes were raised and things were repaired. So tell me what and when the Dems own much of this mess and please cite specifics.

[justinb138 0]

I'm not a republican - nor do I support the party as it currently exists.

Partisan bickering is exactly what they want - it keeps the focus off of the fact that all of them really, really suck at their jobs.

Your unwillingness to cease blaming one party over the other is the perfect example of why things are the way they are. Do you really think blaming one party while continuing their actions is the solution?

[Lucky... 0]

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I'm not a republican - nor do I support the party as it currently exists.

Partisan bickering is exactly what they want - it keeps the focus off of the fact that all of them really, really suck at their jobs.

Your unwillingness to cease blaming one party over the other is the perfect example of why things are the way they are. Do you really think blaming one party while continuing their actions is the solution?

If you look I think GHWB did a great job BASED UPON HIS ACTS, so I'm not being partisan when I interpet that MOST of the mess has been created by Republicans due to both their tax cuts and their overspending. There is a slight defection from the normal Republican tax cutting and overspending, but let's be real, is there a trend based upon parties over the last 28 years?

Who's continuing actions?

The 3 partisan runs of presidencies when this mess started, 1981, were the

- Reagan/GHWB run

- The Clinton run

- The GWB run.

The Reagan / GHWB run elevated the debt from 900B to about 4T. This run inherited an economy in recession that had high interest rates, but a stable debt/deficit. 12 straight years of 250B/yr debt increase left a 290B dollar annual deficit too.

The Clinton run inherited a 290B annual deficit and 12 years of 250B/yr debt incr, the economy was slow and just recovering from a recession. Clinton left this economy in pretty good shape, a 236B surplus and the debt climb slowed every year to 1/9th of what he inherited it at, his last year had a 33B debt incr.

GWB inherited a descent economy, 236B surplus and a very slight debt increae; very manageable. He immediately gave away the suplrus, cut taxes for teh rich, blew spending out and all in the face of a long-running war he CHOSE to enter into. He left a mess, an average of 625B/yr average debt increase for 8 years, a > 1 Trillion annual deficit, massive unemployment and an overall thrashed economy.


SP to be partisan is to interpret the data prima facia. The one bright spot for the Republcians is GHWB and few congress members. Please, show me how the Republican ideology of cut tax and overspend isn't the culprit.

[kallend 2,106]

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[ few people noticed a hearing with an exceedingly boring title -- "Proposals to Enhance the Community Reinvestment Act" -- held last week in the House Financial Services Committee. But the session marked a key moment in the ongoing battle between Republicans and Democrats over what caused our current financial woes -- and how we might best avoid getting into the same trouble again.

Of course, there is that minor annoying FACT that CRA loans were NOT the cause of the problem, were not NINJA loans, and had (and continue to have) a default rate lower than the average.

FACTS can be SO irritating when they stand in the way of a good partisan rant.

...

The only sure way to survive a canopy collision is not to have one.

[bullin82 0]

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I'm not a republican - nor do I support the party as it currently exists.

Partisan bickering is exactly what they want - it keeps the focus off of the fact that all of them really, really suck at their jobs.

Your unwillingness to cease blaming one party over the other is the perfect example of why things are the way they are. Do you really think blaming one party while continuing their actions is the solution?

This is why i say VOTE FOR ME 2020!!!
From what i have seen anyone can be tghe pres. so i figure being of bue collar back ground who better than me

[justinb138 0]

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This is why i say VOTE FOR ME 2020!!!
From what i have seen anyone can be tghe pres. so i figure being of bue collar back ground who better than me

I don't know anything about you, but I already trust you more than 99% of the politicians out there.

About 42% of americans probably do too!

http://www.rasmussenreports.com/public_content/politics/general_politics/august_2009/42_say_people_randomly_selected_from_phone_book_better_than_current_congress

[bullin82 0]

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Quote

This is why i say VOTE FOR ME 2020!!!
From what i have seen anyone can be tghe pres. so i figure being of bue collar back ground who better than me

I don't know anything about you, but I already trust you more than 99% of the politicians out there.

About 42% of americans probably do too!

http://www.rasmussenreports.com/public_content/politics/general_politics/august_2009/42_say_people_randomly_selected_from_phone_book_better_than_current_congress

This is why i feel i may have a slight chance for a write in lol. I stated a group on FB called VOTE FOR ME 2020!!!! Just to get my name out there cause frankly im counting on word of mouth and expect the campaign to cost o about $0.00. So if anyone is interested look it up and start a discussion to find out my views and plans