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Greenspan publicly admitted that he is the one that was responsible for the collapse. GW warned congress on 3 separate occasions that they needed to get Fannie Mae and Freddie Mac under control. Barney Frank said that there was nothing that needed to be fixed.
History repeats and Medvedev explains why...Russian President Dmitry Medvedev, in a rare moment of honesty, revealed the real reason why Russia invaded tiny Georgia. According to Radio Free Europe/Radio Liberty, from which I’ve borrowed the title of this post, Medvedev suggested to officers in Vladikavkaz, that Russia’s goal was not countering Georgia “aggression” or “genocide” but rather was to prevent Georgia from joining NATO: “Today I already spoke with the army officers and I will tell it to you too, that it was of course a very difficult page in our recent history, but, unfortunately, it was absolutely necessary [decision]. And the fact that Russia’s actions at the time were so tough has eventually secured a situation for us, which, despite of all the difficulties, is now quieter than it was.” “We have simply calmed some of our neighbors down by showing them that they should behave correctly in respect of Russia and in respect of neighboring small states. And for some of our partners, including for the North Atlantic Alliance, it was a signal that before taking a decision about expansion of the Alliance, one should at first think about the geopolitical stability. I deem these [issues] to be the major lessons of those developments in 2008.”
Medvedev later stated that it was a difficult decision but it was felt necessary to block NATO and send a strong message to any neighbors that were thinking of closer ties with the West. That is exactly the scenario and, perhaps the back story, today.
I can see what Obama would do about Ukraine from my house.
Ukraine's trouble is no real concern to Obama. His base doesnt really care about it or any other foreign policy issue... Benghazi was treated like someone ran a red light and they arrested a guy who posted a youtube video. Progressives know that they can play a verbal shell game in a few debates at election time. It is not even on the radar.
The emphasis is on spending. Not wisdom. Not knowledge. Every month I throw away 10 or 15 pieces of junkmail from credit card companies trying to seduce my college student/ kid. A huge economy is based on consumer debt... and lenders have quotas to meet. Have you walked into a bank lately. The person behind the counter must meet a daily/ weekly/ monthly quota ... or they are asked to leave. .
The emphasis is on spending. Not wisdom. Not knowledge. Every month I throw away 10 or 15 pieces of junkmail from credit card companies trying to seduce my college student/ kid. A huge economy is based on consumer debt... and lenders have quotas to meet. Have you walked into a bank lately. The person behind the counter must meet a daily/ weekly/ monthly quota ... or they are asked to leave. .
Every single time I hear about the problems with the ed system... the subject turns to money ... and some well meaning progressive invariably throws down the trump card... our kids are failing and dropping out because we...we...we ... just haven't spent enough money yet. ... and if you dont applaud.. youre heartless.
Update: Obama invites delegates to Canadian Beer summit...
Obama knows ... from experience with the media and the American people... that he doesnt have to do anything except stand at the podium and create a few short sound bites once in a while. His base, and liberal/ progressives in general dont care about what happens in Ukraine or anywhere else. For Democrats... foreign policy is simply a verbal shell game to be played at election time... and by then all of this will be as yesterday as Benghazi for Democrat voters.
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