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Arthur52 Wrote: May 11, 2012 2:11 AM
If you would look at the facts, Clinton allowed the mortgage companies to come into existence, IF, they would do what HE required, and take D credit loans, AND he threw-out the rules that had been put in place after the 80's Savings and Loan scandal, setting the scene for what followed. Bush and scum could not have created the housing bubble that led to the small people being foreclosed on, leading to the loss of jobs, leading to more foreclosures, and the bankster welfare by 0bama, without the ground-work as laid-out by Clinton.
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Marie150 Wrote: Apr 26, 2012 11:06 PM
The leftist dumbmasses strike again.
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Marie150 Wrote: Apr 26, 2012 11:06 PM
goodness gracious all your stupid statements about the economy, everyone knows that people borrowed money for houses that they could not pay for and got approval. I picked the moment of the crash 5 years earlier. When I heard the banks were selling homes at 0 interest.
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peaceman Wrote: Apr 26, 2012 8:47 PM
Good Gawd, y'all!! loadstar & richardabrown95...of all the stupid statements re the economy. Almost all economists including many Repubs, senior execs from Wall St (see movie, Inside Job) have made it very CLEAR that the 'financial bubble' which broke in 2007-08 was due to financial deregulation, eliminating the Bank Act of '33 (Glass-Steagall), and other policy manipulations that were primed by a Repub majority Congress and Senate, which Wall St used to their advantage. 'Inside Job' has these Repub senior execs openly admitting to the fraud that occurred almost to the point of 'self-incrimination'... Like so many, you just listen to talking points rather than doing your research for the facts as they are
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“Don’t confuse me with the facts. I’ve got a closed mind.” These words were famously uttered by Rep. Earl Landgrebe (R-IN), a Nixon partisan to the bitter end, at the Watergate hearings. They are all that remain of that legislator’s political legacy. And yet, they reveal a truth. Michael Kinsley defines a gaffe as when a politician tells the truth — some obvious truth he isn’t supposed to say. A statue should be raised in Rep. Landgrebe’s memory for daring to state explicitly one of the governing principles of modern American government: “Don’t confuse me with the facts.”
Obama has...
Washington To The Citizens: Don't Confuse Me With The Facts!