Why our economy got bad

[OCBob]

Just watched it...I would like to point to the greed of wall street and the fact that companies a judged by making money. While politicians had alot to do with it, i believe there are other groups that can share the blame.

That's what I said Carlo. There is more than enough blame here to go around. Now isn't the time to point fingers, it's the time to attempt to come up with a viable solution. But why do that when you can just blame the other guy?

Line em all up and shoot em on the steps of the Capitol for all I care.

 

[Annu Kumar]

Free Market is Totally fine. The banks set themselves up buying getting overzealous and taking huge risks that they are paying for now. Detoriating underwriting standards, Inflated apprasials. Bad Business decisions And Number one thing they forgot Liquidity. CASH IS KING!!

 

[Cudajon]

Free Market is Totally fine. The banks set themselves up buying getting overzealous and taking a huge risks that they are paying for now. Detoriating underwriting standards, Inflated apprasials. Bad Business decisions And Number one thing they forgot Liquidity. CASH IS KING!!

Free Market works when it is truly free... but when "community organizers" threaten to sue banks with the help of Acorn for "discrimination"... the banks aren't exactly free anymore, are they?

They stripped freedom and than blame the "free market"... now that takes (to quote Charlie Gibson) hubris.

 

[OCBob]

Cmon Prof Chime in. Bill Clinton also Repealed the reforms of Glass Steagle In 1999. SO Basically this Crisis was decades in the making!!! Damn Democrats!!

And that is exactly the kind of attitude which is going to prolong this crisis ad infinitum. Everybody blaming the guy on the other side instead of anyone really trying to solve the problem.

See, if either side is truly successful in laying all the blame on the other side, then a solution would be counterproductive to them. And the side bearing the blame will no longer have the political capital to do anything.

Don't be sheeple, don't buy into anything that any politician says if he mentions the "other" party. To hell with talking about the other guys, tell me right now, right here what you can and will do and then do it.

 

[Prof]

I guess I am the only one who has checked the material presented in the Video. The first claim: Its the Dems who stopped the corrections in the industry in 2003 and 2005...I simply ask who had control of congress during those years, and if that is the case...how can one say that the Democrats killed the moves?

The second point is the interjection of the issue of Franklin Rains into the argument...here is what The Washington Post has to say about McCain's claims that Rains is the housing advisor to Obama:

"The McCain campaign is clearly exaggerating wildly in attempting to depict Raines as a close adviser to Obama on "housing and mortgage policy." If we are to believe Raines, he did have a couple of telephone conversations with someone in the Obama campaign. But that hardly makes him an adviser to the candidate himself -- and certainly not in the way depicted in the McCain video release."

I am a republican and these kind of efforts to lie about the opposing party and their candidate is just depressing to me. I may have to vote for Obama just to send a message to my party to get some ethics. Not that the democrats are any better, but the republicans are my people...even if I did think that Hillary was the best opportunity for this country to get back on track.

It took me three minutes to research the two points I mentioned above...

I quit looking after finding the glaring errors and outright lies in the video...

 

[HDVIPER]

I guess I am the only one who has checked the material presented in the Video. The first claim: Its the Dems who stopped the corrections in the industry in 2003 and 2005...I simply ask who had control of congress during those years, and if that is the case...how can one say that the Democrats killed the moves?

The second point is the interjection of the issue of Franklin Rains into the argument...here is what The Washington Post has to say about McCain's claims that Rains is the housing advisor to Obama:

"The McCain campaign is clearly exaggerating wildly in attempting to depict Raines as a close adviser to Obama on "housing and mortgage policy." If we are to believe Raines, he did have a couple of telephone conversations with someone in the Obama campaign. But that hardly makes him an adviser to the candidate himself -- and certainly not in the way depicted in the McCain video release."

I am a republican and these kind of efforts to lie about the opposing party and their candidate is just depressing to me. I may have to vote for Obama just to send a message to my party to get some ethics. Not that the democrats are any better, but the republicans are my people...even if I did think that Hillary was the best opportunity for this country to get back on track.

It took me three minutes to research the two points I mentioned above...

I quit looking after finding the glaring errors and outright lies in the video...

Prof, you weren't the only one, I promise you that. It took me longer than 3 minutes though. lol. There was also no way for me to make the argument the way that you can and do. Thank you sir.

 

[Cudajon]

And that is exactly the kind of attitude which is going to prolong this crisis ad infinitum. Everybody blaming the guy on the other side instead of anyone really trying to solve the problem.

See, if either side is truly successful in laying all the blame on the other side, then a solution would be counterproductive to them. And the side bearing the blame will no longer have the political capital to do anything.

Don't be sheeple, don't buy into anything that any politician says if he mentions the "other" party. To hell with talking about the other guys, tell me right now, right here what you can and will do and then do it.

Misplacing or being opposed to blaming the responsible people at fault would be much worse in my opinion.

If you look at the facts and can't face it to blame those that deserve it you will likely face greater repercussions down the road.

Franklin Raines, former CEO of Fannie Mae is giving advice to Obama. Obama received $105k from Fannie as well.

If you are willing to take advice from one of the main people responsible for this mess for the exact thing he messed up we will end up back here sooner rather than later.

We are asking the people responsible for this mess to fix it, is that responsible, is that right?

 

[Prof]

I hate for all of this to be political...but I guess all things are political these days.

We are Americans, we need to find common ground upon which to build the future for our children and grandchildren. Finding fault is just bull shit...it is an exercise...

We are facing a repeat of the Great Depression...maybe the markets will right themselves...but my balls were in my throat when we were down 720 on the big board today.

 

[Annu Kumar]

Lets put this way Who in here is not affected by the Economy. And be honest. I am a Little Affected But I dont work on wall Street so Its really irrelevant for me

 

[Annu Kumar]

I hate for all of this to be political...but I guess all things are political these days.

We are Americans, we need to find common ground upon which to build the future for our children and grandchildren. Finding fault is just bull shit...it is an exercise...

We are facing a repeat of the Great Depression...maybe the markets will right themselves...but my balls were in my throat when we were down 720 on the big board today.

How we are we in a depression?? During the depression there was 50% Unemployment. Right now there is 6.5-7% unemployment.

 

[VIPR PWR]

We are all effected by the economy in one way or another,,,,

 

[OCBob]

Misplacing or being opposed to blaming the responsible people at fault would be much worse in my opinion.

If you look at the facts and can't face it to blame those that deserve it you will likely face greater repercussions down the road.

Franklin Raines, former CEO of Fannie Mae is giving advice to Obama. Obama received $105k from Fannie as well.

If you are willing to take advice from one of the main people responsible for this mess for the exact thing he messed up we will end up back here sooner rather than later.

We are asking the people responsible for this mess to fix it, is that responsible, is that right?

Thanks for proving my point and your own at the same time hehehe.

You're trying to tell me that a junior senator caused this whole problem because he got some campaign money from these guys? Is that it? Wow.

 

[HDVIPER]

Misplacing or being opposed to blaming the responsible people at fault would be much worse in my opinion.

If you look at the facts and can't face it to blame those that deserve it you will likely face greater repercussions down the road.

Franklin Raines, former CEO of Fannie Mae is giving advice to Obama. Obama received $105k from Fannie as well.

If you are willing to take advice from one of the main people responsible for this mess for the exact thing he messed up we will end up back here sooner rather than later.

We are asking the people responsible for this mess to fix it, is that responsible, is that right?

I'm assuming you took this video as fact, which is fine... but you said in your first sentence that misplacing the blame could be worse and I agree. However, how do you know where exactly it belongs? Because it sure looks to me like ALOT of people are to blame, not just the democrats.

BTW - do you know the name Sen. Phil Gramm? I can pull the same crap you can and name drop all day long. Does it get us anywhere?

 

[Prof]

How we are we in a depression?? During the depression there was 50% Unemployment. Right now there is 6.5-7% unemployment.

Read grasshopper...maybe that is why you make so many laughable posts...

My comment was that we are "facing a repeat..."

Engage your brain before your fingers...you still have neglected to respond to my pm asking why you maligned me...I guess you have a mental block about that...

 

[Prof]

The sounds of silence from Annu...

Friend, you dig your grave when you speak without pondering your words first.

Seek first to understand, then to be understood.

I forgive you.

I need to get back to Maria and CNBC...this stuff is scary.

 

[Django]

The sounds of silence from Annu...

Friend, you dig your grave when you speak without pondering your words first.

Don't we all.................

D

 

[Cudajon]

I'm assuming you took this video as fact, which is fine... but you said in your first sentence that misplacing the blame could be worse and I agree. However, how do you know where exactly it belongs? Because it sure looks to me like ALOT of people are to blame, not just the democrats.

BTW - do you know the name Sen. Phil Gramm? I can pull the same crap you can and name drop all day long. Does it get us anywhere?

Yes yes, people are corruptable whether they wear red or blue, which is why I don't understand why so many Americans are ignorant and keep voting these sick SOB's into office.

College liberals: "Its cool to be liberal man, they are going to legalize weed and they are the most fair."

College professors: "Its cool to be liberal man, they have a safety net for the poor and are the most fair, plus they will get me my grants and research projects."

College Republicans: "Its cool to vote Republican, because they really stood for small government and will come back around, plus they'll keep taxes low."

Its all bull**** and gets us in the same spot. We need more choices :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh:

Edit: Forbes '08, or Paul '08, or Perot '08

 

[OCBob]

You made a great point Cudajon. I would love to see a strong independent candidate step up right now. One thing that would happen for sure is it would shake this election up.

 

[Prof]

You made a great point Cudajon. I would love to see a strong independent candidate step up right now. One thing that would happen for sure is it would shake this election up.

That may be a wonderful correction for our process...I believe in the two party system...but it is a sick puppy right now.

 

[Cudajon]

That may be a wonderful correction for our process...I believe in the two party system...but it is a sick puppy right now.

Not all encompassing at all though... I'm fiscally conservative, but want a strong military, but I'm agnostic.

Show me a party that believes in the first two and doesn't shove god in my face. Please.

Some of you might be fiscally liberal, want a lot of regulation, but doesn't want family values trampelled on. There isn't really a party for you out there.

A wise man once told me, "you can't paint a big picture with a little paint brush" and these parties have been trying to appease the most people, while disenfranchising millions as well.