Report Finds Financial Crisis Cost Economy $12.8 Trillion

[kentay]

One must never forget our History of what party was in charge when these bad things always happen. Doesn't it seem curious to you that bad things always happen when one of our two political parties are in charge. Savings and Loan, Iran Contra, 911, Wars of choice built on lies and now the most recent where they almost caused a depression. kentay

New Report Finds Financial Crisis Cost Economy $12.8 Trillion

[Woody]

One must never forget our History of what party was in charge when these bad things always happen. Doesn't it seem curious to you that bad things always happen when one of our two political parties are in charge. Savings and Loan, Iran Contra, 911, Wars of choice built on lies and now the most recent where they almost caused a depression. kentay

As long as you or thinkprogress are not writing the history book.  I would hope that they inform future generations that the democrats controlled the house and the senate and the republicans controlled the executive branch.  I hope that future generations are taught that the bipartisan deregulatory bill called Glass Steagall, coupled with the CRA and the push for subprime loans were major contributing factors.  I hope it is mentioned that bush, early in his presidency, did in fact push Americans to spend to stimulate the economy.  But I also hope it is pointed out that the one meager attempt to reform Freddie and fannie was rebuffed by the two you mentioned, Dodd and frank by claiming nothing was wrong with them.


If that is what you mean about history then I agree with you.

[kentay]

One must never forget our History of what party was in charge when these bad things always happen. Doesn't it seem curious to you that bad things always happen when one of our two political parties are in charge. Savings and Loan, Iran Contra, 911, Wars of choice built on lies and now the most recent where they almost caused a depression. kentay

As long as you or thinkprogress are not writing the history book.  I would hope that they inform future generations that the democrats controlled the house and the senate and the republicans controlled the executive branch.  I hope that future generations are taught that the bipartisan deregulatory bill called Glass Steagall, coupled with the CRA and the push for subprime loans were major contributing factors.  I hope it is mentioned that bush, early in his presidency, did in fact push Americans to spend to stimulate the economy.  But I also hope it is pointed out that the one meager attempt to reform Freddie and fannie was rebuffed by the two you mentioned, Dodd and frank by claiming nothing was wrong with them.


If that is what you mean about history then I agree with you.

Democrats controlled no lever of power from 2002 thru 2008, Republicans control everything, including both houses of congress, the executive branch and even the Supreme Court. Because they controlled everything they gave us two unpaid wars, a unpaid Prescription program, spent all of the surplus left by the Democrats and sent us into the worst depression since the Hoover depression. And all of this 5-6 trillion was placed on the futures generation charge card. What some people don't relies is President Obama had no effect of our Deficit until Oct 1, 2009 when his first budget became our policy and ever since we have created 4.6 million new jobs in less 4 years which is more Jobs the Bush admin. created in 8 years. When people really know the facts they discover that it wasn't President Obama that created the largest deficits ever by any President in our history, it was the Bush Admin and the Republican Party. Woody you really need to Google something before you post it because it makes you look like you.re just a lemming, parroting what your master tell you. I think if you do you will find they of course are not right most of the time, you're welcome. . kentay