Comments on: U.S. Takes Over Ailing Mortgage Lenders
Heads Of Fannie Mae, Freddie Mac Replaced; Companies Placed Into Government Conservatorship
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- A primary architect of the mortgage crisis, Phil Gramm, is also a primary advisor and economic policy architect of John McCain''s. I find it crazyast ironic that their actions, a thinly veiled "shovel up" redistribution of wealth, has resulted in more government regulation.
Neocon Hypocrisy, get to know it. - Reply to this comment
- Bush and Cheney must have found a few more dollars to steal before they leave office and the country.
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- Dems are just as much at fault and are just as culpable as the Repubs. Only an ignoramus would just blame the Repubs on situations like this. I don''''t know what''''s worse? Less government or more government.
Posted by Credibility2 at 09:19 PM : Sep 07, 2008
GOOD post! I''m glad to see that a FEW are seeing the big picture.
It''s not less government or more government. It''s GOOD government that matters.
That''s been sorely lacking for about the past SIXTEEN YEARS. - Reply to this comment
- The republican Bush administration is the worst adminisrtation in the history of this country.
Posted by iphyt4u at 08:56 PM : Sep 07, 2008
Gosh, no partisan agenda there. LOL!
But seriously, the Bush admin is hardly the worst EVER. It''s the worst we''ve seen in OUR LIFETIMES. But there was worse in the past.
Try reading about history. You just might learn something. - Reply to this comment
- Dems are just as much at fault and are just as culpable as the Repubs. Only an ignoramus would just blame the Repubs on situations like this. I don''t know what''s worse? Less government or more government. Work for it or don''t work for it. Either way, both involve handouts and sweetheart deals. Different types are on the receiving line, on the dole and getting their palms greased. One approach hopes to encourage responsibility, while the other takes away responsibility.
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- The rich get richer, and the poor get to pay for it. The republican Bush administration is the worst adminisrtation in the history of this country.
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- Derregulation was the worst thing that ever happened to the following industries: Oil, Airline, Mortgage, Auto, Credit and Banking.
We gave Ronald Reagan a chance to prove that less government was the answer, and what we got in return is a big mess.
A stable economy is required for deregulation to benefit the consumer.
You can''t make a move without greater risk that your life can be turned up-side down from forces our government isn''t willing to control. Consumers are the victims of two layers of economics, now - an unstable economy and vital industries that are derregulated.
Give me back regulated industries!!! There is no hope for the next generation to prosper while facing a mess like this!! Regulation is the answer. More regulation means more stability. Less regulation means less stability. The Republicans were wrong about derregulation in the benefits to the consumer. Each industry that failed required tax dollars to bail them out. Regulation would have prevented that. - Reply to this comment
- Bush, Cheney, and McCain created this economic mess. And McCain goes around saying he''s going to change things. Republican welfare, let John Q. Public twist in the wind.
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- Basically, what is going on is that the value of America''s production is falling fast but the American people have a hard time coming to terms with that. So their politicians created an easy money climate to try to use credit to make up the difference between our national income and our national spending (the trade deficit). Now the credit is coming due, we don''t have anything to pay it with. We are in for some hard times quite likely.
The scary part is the total lack of understanding of this situation by Barack Obama. He has made only a few comments on the economy, and they seem to consists of some kind of "we need another stimulus" vagary. Now the stimulus was simply a national act of borrowing to try to span the gap between income and spending for Americans without even trying to pretend it was reasonable. That reveals Obama to be an idiot, a dangerous idiot, a completely clueless and dangerous idiot, without either basic integrity or common sense or economic insight. He vaguely desires another stimulus, which is indeed scary. I thought only bush was that dumb.
It''s like someone who can''t make their house payments turning to their credit cards to make this month''s payment. A "stimulus" in the sense of Obama is really a scary tactic and reveals a fool or idiot or irresponsble clown. - Reply to this comment
- Ron Paul 2008!
Posted by Marshall_Nee at 08:07 PM : Sep 07, 2008
You need to watch Repo Man again.
THINK about it. WHO ended up "driving the Malibu" at the end of the movie???
It''s raining ice cubes... - Reply to this comment
- All together, now. One more time: O B A M A...
Posted by txgrouch2006 at 07:52 PM : Sep 07, 2008
Please spare me that hell.
Ron Paul 2008! - Reply to this comment
- Posted by txgrouch2006 at 07:58 PM : Sep 07, 2008
Ain''t life grand!!!! - Reply to this comment
- The Housing prices were over inflated, like the Dot Com era.
Posted by republic1776 at 07:38 PM : Sep 07, 2008
Yes, the Clinton years had the dotcom bubble.
The Bush years had the housing bubble and the oil bubble.
Difference being, middle clase drones like me profited from the dotcom bubble - although I lost half of what I made, I still KEPT the other half.
The housing and oil bubbles profited ONLY THE WEALTHY. Drones like me got THE SHAFT so the rich could get RICHER out of MY POCKET.
Clinton was a scumbag. Bush is just helping his buddies rob me in broad daylight.
BABY BOOMERS ALL - NO MORE BOOMERS!!! - Reply to this comment
- Where are the GOP till die brown shirters
Posted by Marshall_Nee at 07:40 PM : Sep 07, 2008
We''re studyin'' how to spell "Obama" so we''ll be sure we''re voting for the right person come Election Day.
All together, now. One more time: O B A M A... - Reply to this comment
- Where are the GOP till die brown shirters to shout down us real conservatives, ahem I mean pinko commies.
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- The Housing prices were over inflated, like the Dot Com era. Clinton skated of back of Ronald Reagen.
Look at funky land deals the Clintons were involved in. - Reply to this comment
- Let Obama get into office and Jimmy Carter days will be here again.
It''s a close call on whose was the worst President.
FDR, LBJ or Jimmy. - Reply to this comment
- "For decades, Fannie and Freddie fulfilled the American dream"
The only dreams that got fulfilled were those of the criminals who ran these companies. They got filthy rich, contributed millions into campaign coffers, and then flew off in their Gulfstream IV jets to their villas in Spain and France. What SUCKERS the American people are. First the S&L''s and now this! And it will happen ALL OVER AGAIN! Count on it. - Reply to this comment
- More inflation.
We are so *** doomed!!! - Reply to this comment
- Once again, Bush has soundly defeated the fallacy that Republicans are for less government and less taxation.
Repubs are in love with big government just as much as Dems. - Reply to this comment
Mike Huckabee on GOP "rock stars," 2012, health care reform and more.
