This is the first time in my life I've been called a lib - by anyone, anywhere. You discredit yourself in your rash and exceedingly inaccurate labelling of me and knee-jerk defense of President Bush. I still support George W. Bush. He's kept us safe from terrorists lo, these many years. I just don't support his economic policies.
Open up your eyes and you'll see that the era of small-government Republicans ended with Barry Goldwater, with a brief coughing spasm, quickly medicated, during the Reagan years. Both of our two major parties work tirelessly to expand government and erode freedom.
I am a small-government constitutional purist. I am not a fascist, communist, socialist, empirialist, or big-government anything. Most of those 'isms' are implied in the term 'liberal' these days, even though in the strict definition being both liberal and conservative are good things.
For you to blithely clump me in with the 'libs,' in today's parlance, proves that you haven't been paying attention. The only place I'm not considered an ultra-conservative fundamentalist is here on AFF.
It is just a horrible mess and I believe it is both parties at fault. We need a President that can manage all of this and not just do what has always been done.
Somehow we have hopes that Palin will come in and do what she has done in Alaska, try to reform. I know it was a process. They cut their earmarks in half. You can't just totally quit them, without working out other factors, but it was a beginning.
A speech about one small program hardly constitutes massive deregulation that led to the financial armagedden that the country faces.
Aquila furnished the data about the deregulation, sponsored by Gramm, that President Bush signed into law (not many vetos from this big-government "conservative," huh?)
Speculation from a UK newspaper editor? It was actually the foreign investors (the Asians) who made calls to Paulson to press him into putting fannie and freddie into conservatorship. The companies where going to implode--billions in debt---and even with govt guarantees they could not sustain themselves. His actions were all that could be done at that point.
Many of the agencies own policies caused their problems. They started to try to raise capital by building in a premimum on almost every loan by starting "risk based pricing" policy. Every with a credit score <720 and who borrrows more than 80% LTV on their home pays for it in an additional bump to their rate. Those with scores <620 2.75% bump. By doing this they lowered the number of borrowers willing to refi or purchase. Smaller number of qualified borrowers=more homes on the market=further price declines=less loans.
Aquila furnished the data about the deregulation, sponsored by Gramm, that President Bush signed into law (not many vetos from this big-government "conservative," huh?)
well, OP, nice try but that's what you have? Looks to me like that is MORE REGULATION not less.....
Look, Im not here trying to defend GWB that wasnt my intent at all. the question is DEREGULATION being the cause. this isnt deregulation, it is more regulation.
seriously, someone please find me an example of current deregulation (hey I will even accept deregulation by Clinton).
__________________ If I do something stupid blame the Lortab!
And the NEW DEAL is a raw deal that we are still paying for..... and for those of us under 40, the bigest promise of the RAW DEAL will be one that is broken for us.
We will pay thru our noses but when we are old and need social security, it will be gone like yesterdays pie.
__________________ If I do something stupid blame the Lortab!
This is the first time in my life I've been called a lib - by anyone, anywhere. You discredit yourself in your rash and exceedingly inaccurate labelling of me and knee-jerk defense of President Bush.
Get used to it...if you don't agree with them you're considered liberal communist scum.
And the NEW DEAL is a raw deal that we are still paying for..... and for those of us under 40, the bigest promise of the RAW DEAL will be one that is broken for us.
We will pay thru our noses but when we are old and need social security, it will be gone like yesterdays pie.
Ferd...SS would be secure if they'd agree not to touch it. The system would work...it's the robbers from both parties who broke it. Now one party wants it secured and untouchable (Democrats) and the other wants it handed over to the banks (Republicans).
you should stop talking aquila if you dont know about stuff like banks, the housing crisis and ss, just my opinion i tire of your rants that are boundlessly foolish and ill advised, dt
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A product of a pentecostal raisin, I am a hard man, just ask my children
you should stop talking aquila if you dont know about stuff like banks, the housing crisis and ss, just my opinion i tire of your rants that are boundlessly foolish and ill advised, dt
You always meltdown and go personal. (edited by Admin)
aquila, since you are so young i will forgive you, but if you reference me in that way again, some day i might have to see if you can back up that big mouth, your ignorance amazes me about the subject at hand, i do this all day every day, there is no way you can know what is happening by listening to politicians, they are all at fault here, dont be so disrepectful in your responses, dt
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A product of a pentecostal raisin, I am a hard man, just ask my children
aquila, since you are so young i will forgive you, but if you reference me in that way again, some day i might have to see if you can back up that big mouth, your ignorance amazes me about the subject at hand, i do this all day every day, there is no way you can know what is happening by listening to politicians, they are all at fault here, dont be so disrepectful in your responses, dt
Exactly, this is a finance subject. Can I let you in on a secret---I know for a fact that even Paulson--has had to have bankers sit with him to help educate him regarding aspects of this crisis and how to respond. And he has a finance background a very good understanding of economics. There is no way one can understand what is going on now without a lot of study and a knowledge base. That is why Frank and Dodd are so dangerous. One fear I have heard from major bankers is that of a complete change in administration in the congress..."because we will have to educate a whole new group" of lawmakers so that they will not enact laws that will make the country worse off and prolong the financial crisis. So someone here on the AFF without even basic finance education cannot understand the depth of the crisis.
I started this thread with the hopes that people could band together and pray for our country. The only hope for us is for God has mercy. Politics have little to do with this, I did write that I think McCain will be a better economic pres. but whoever is elected will have a HUGE mess to deal with. Prayer and faith is something that people here could be good at, that message could be carried to their churches, together they could help change the course of the nation.
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