Which Commie Said It?

1. "I am not worried about the deficit. It is big enough to take care of itself."
2."One of the very difficult parts of the decision I made on the financial crisis was to use hardworking people's money to help prevent there to be a crisis."
3. Facts are stupid things.
4.“We all know that Social Security is one of this country's greatest success stories in the 20th century.”
6. “[It's a matter of] fundamental fairness, ... Why should working people making $35,000 a year be paying for wealthy people who make $100,000 to get Medicare?”

Trent Lott
Ronald Reagan
Mitch McConnell
George W Bush

Hi George. Got a bee in your Bonnet huh? You will find that I am not a fan of republicans either.

Deficits under Bush were Bad. Deficits under Obama are Insane.

Social Security and Medicare are entitlements used to buy votes that real conservatvies reject. They are nothing but theft, and in that theft they have been been very successful so far.

The Current economic crisis was a co-operative efforts years in the making. The Sub-Prime maret was created BY the government. 1/2 of the toxic assets are own by GSEs. Capitalism will ALWAYS run off the rails if the government forces the taxpayer to assume risks that should have been held by private industry. Govt Bailouts under Bush, got bigger and worse under Obama.

Regardless of what you may have heard, the current crisis is not a fialure of "capitalism"
Fraud is usually punishible in any capitialism, and the securitized toxic debt now in the market was bought under fraudulent ratings. In the end it was Goverment's fault for not prosecuting Fraud, though many other factors led into it. Low Fed interest Rates (Republicans), Pressure to reduce lending Standards (Carter, Clinton, Acorn) , and telling GSEs to buy huge numbers of subprime loans (Barney Frank), and faulty (fraudulent) securitization of that debt created an environment where banks could lend out money at no risk to themselves. It was a group effort between govt and Private industry that could not have happened without willing participants on both sides.