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Add President Clinton to the long list of people who deserve a share of the blame for the housing bubble and bust. A recently re-exposed document shows that his administration went to ridiculous lengths to increase the national homeownership rate. It promoted paper-thin downpayments and pushed for ways to get lenders to give mortgage loans to first-time buyers with shaky financing and incomes. It’s clear now that the erosion of lending standards pushed prices up by increasing demand, and later led to waves of defaults by people who never should have bought a home in the first place.
By the time the affiliation restrictions in the Glass–Steagall Act were repealed through the Gramm-Leach-Bliley Act in 1999, many commentators argued Glass-Steagall was already “dead.”[4] Most notably, Citibank’s 1998 affiliation with Salomon Smith Barney, one of the largest US securities firms, was permitted under the Federal Reserve Board’s then existing interpretation of the Glass-Steagall Act.[5] President Bill Clinton publicly declared, "The Glass-Steagall Act is no longer relevant.
UR,,,, Obama's fiscal policies did not take into effect until September 30 2009
To be fair, both parties own it and the problems, in essence, trace back to the George Washington administration and the initial furor between Hamilton and Jefferson.
Everything since has simply been reiteration of their initial disagreement about how to interpret the Federalist papers and whether or not the United States would be agrarian in nature or industrial.
With that debate performance from obama
it is justified.
Obama showed himself to be only a good teleprompter reader.
Obama is not.true presidential material and now the intelligent democrats
are finally starting to see that.
Obama will be a one term president and i am starting to like mitt more.and more.
He will be a.good president. Finally people are smartening up to obamas BS
Originally posted by JiggyPotamus
This is what will happen if Romney wins. Things will get worse, and all the republicans will blame Obama. But what happens when Obama tries to blame Bush for some of our problems now? The republicans aren't having that. Hypocrites. Obama has done more constructive things, or attempted to, than Bush ever did.
As long as we're being fair. There's no reason to believe that McCain would have fared much better. The inertia was already there and the economy was in freefall when Obama took office.
In all point of fact, the inertia is there, now, to dictate how the next four years will likely go - regardless of who comes to power. The only way to effect inertia is by 'extreme reaction. And we all know that if any administration, Republican, Democrat, or third party moves to take extreme action of any kind the backlash would be profound and probably nearly universal.
We had the party, now the check has arrived... and here we are... all expecting the other guy to pay. I'm one of the few liberals on the boards who will say "I'm ready to pay my share". In fairness, I will add, there are few conservatives here who will agree to doing so.
It no longer matters who is to blame. It's time to pay up, fix things, and get it right. Otherwise? Well... it's just the same old, same old and we'll continue to descend from a first world nation into a second world one.
Originally posted by seabag
reply to post by popcornmafia
With that debate performance from obama
it is justified.
Obama showed himself to be only a good teleprompter reader.
What was funny as hell to me was during the Republican SC debate Gingrich said he would debate president Obama in the 'Lincoln-Douglas' format and allow him to use his teleprompter.
Poetic justice for a man deemed the best orator of our time!
Obama is not.true presidential material and now the intelligent democrats
are finally starting to see that.
Obama will be a one term president and i am starting to like mitt more.and more.
He will be a.good president. Finally people are smartening up to obamas BS
He’s proven that he’s not fit for duty and at least some Kool Aid drinkers are coming around to that realization finally.
hence the false left/right paradigm charge.
This is one Benefit from the Debates that I never expected.
Originally posted by popcornmafia
With that debate performance from obama
Obama is not.true presidential material and now the intelligent democrats
are finally starting to see that.
Everyone knows from the back and forth on these boards between the right and left there are two distinctly competing ideologies.
One need look no further that a pesky piece of paper that easily explains why they are perceived one in the same.
The constitution.
This is one Benefit from the Debates that I never expected.
All of these desperate Rombots Collecting in a circle, and Mutually Satisfying each other.
Reminds me of Clowns in a Clown Car.
What I meant was when the supposed “RIGHT” throws up guys like McCain (and in all fairnesss…Romney) this blurs the line.