Wack a Bush

[Alien Allen]

yeah I get kick out of those that whine the president is on vacation.

his day probably is not that much different day to day 24/7/365

just a matter of the location

 

[Minor Axis]

That's such a bullshit statement. The President of the United States is never on vacation; he just isn't at the White House. Big friggin deal. He has the complete resources of the federal government at his fingertips no matters where he goes. Everything he could could do while sitting at 1600 Pennsylvania Avenue he can do sitting anywhere where else in the world.

But we are all in agreement he was clueless about the details of the Surge. Great leader. :thumbup

 

[Strauss]

But we are all in agreement he was clueless about the details of the Surge. Great leader. :thumbup

Actually no we aren't. There have been numerous articles published in the National Review and The Weekly Standard that quote the actual people involved during the many months the actual decision was being discussed and Bush was involved in the majority of them. This would not be the first time that Woodward talks to third level participants and only gets hersay responses to report.

 

[Minor Axis]

There was no heresay about it, in Bush's own words to Woodward, he did not know because he had other things to do.

 

[Minor Axis]

Newseek: End Of The Ownership Society

Summary for those who don't care to read it: George Bush and his cronies suck...

Such a country would be more stable, Bush argued, and more prosperous. "America is a stronger country every single time a family moves into a home of their own," he said in October 2004. To achieve his vision, Bush pushed new policies encouraging homeownership, like the "zero-down-payment initiative," which was much as it sounds—a government-sponsored program that allowed people to get mortgages without a down payment. More exotic mortgages followed, including ones with no monthly payments for the first two years. Other mortgages required no documentation other than the say-so of the borrower. Absurd though these all were, they paled in comparison to the financial innovations that grew out of the mortgages—derivatives built on other derivatives, packaged and repackaged until no one could identify what they contained and how much they were, in fact, worth.

As we know by now, these instruments have brought the global financial system, improbably, to the brink of collapse. And as financial strains drive husbands and wives apart, Bush's ownership ideology may end up having the same effect on the stable nuclear families conservatives so badly wanted to foster.

But eventually, it all went sour. By the turn of the century, the proliferation of easy credit and universal stock ownership combined to create anything but a conservative society of thrift. Average household debt levels are now higher in Britain than in any other major country in the developed world. In the United States, the shift away from corporate pensions to 401(k) retirement accounts plunged millions more into the equity markets and loosened the traditional connection between companies and workers, which was one element of that 1950s dream that conservatives like Bush conveniently forgot. The ownership society of the 1950s was anchored by a labor movement that made sure that workers received something resembling their share—remember Truman's Fair Deal? The deal for the past eight years has been fair to merchants of capital, and then some. But to the tens of millions on the receiving rather than originating end of those mortgages, fairness has been in short supply.

 

[Alien Allen]

and thanks for the summary. that was nice. no need to read what is obvious.

would you agree some people got loans which they never should have received??

 

[Minor Axis]

and thanks for the summary. that was nice. no need to read what is obvious.

would you agree some people got loans which they never should have received??

Abso-f*****g-lutely.

Now lets argue who's fault it is. I'd say there is plenty to go around. Speculative buyers deserve what they got good or bad. People who had no business owning homes as in, could not afford it, are responsible for their actions, but the slick companies out there telling them it was an opportunity of a lifetime deserve a combat boot up their behinds. And the mortgage companies who packaged these questionable loans and sold them should be strung up.

Think about this, the U.S. government is dumping BILLIONS on banks and their rich CEOs basically no questions asked, or controls seized, shielding them from their bad decisions, but what about the little people who made bad decisions, do they deserve a break? Where should the line be drawn?

 

[Alien Allen]

Abso-f*****g-lutely.

Now lets argue who's fault it is. I'd say there is plenty to go around. Speculative buyers deserve what they got good or bad. People who had no business owning homes as in, could not afford it, are responsible for their actions, but the slick companies out there telling them it was an opportunity of a lifetime deserve a combat boot up their behinds. And the mortgage companies who packaged these questionable loans and sold them should be strung up.

Think about this, the U.S. government is dumping BILLIONS on banks and their rich CEOs basically no questions asked, or controls seized, shielding them from their bad decisions, but what about the little people who made bad decisions, do they deserve a break? Where should the line be drawn?

glad to hear it. I have seen many who only want to blame it on the greed of the banks and blame fanny and freddie. there are a lot of dirty hands in this. I never wanted the bailout. Time will tell if it was correct. I suspect based on bank actions thus far they are buying time. If so and they rape and pillage the system further there sure as hell better be some people doing jail time and some people in govt sent back home to make an honest living.

 

[Goat Whisperer]

I say: What's done is done and it's time to move on and find a new leader.

 

[Minor Axis]

One more thing to think about- why do you think those banks could make those bad decisions? Because deregulators like John McCain, and most of the Republican Party felt we needed no damn Steagal Act to keep them from making those stupid mistakes. It was pretty much a party vote, Republicans "for", Dems "against" but to my chagrin, Clinton signed the damn bill in. Bastards! Course he also signed in the NAFTA too, double bastard!!

 

[Destroyer Dave]

lol, weapons of mass destruction,......Define please, because as I recall its been what...63 years since a "wmd" has been used, and even then the total death toll was only in the 6-700,00 range (dont quote me please but I think thats a high # ). I would say its time for people to realize that even in the last 18 months AK47's have killed more people than any nuke ever droped, and in the last 5 years they have killed more people than every nuke, bio bomb, or chem bomb combined! so please befor we use the "wmd" phrase again, lets watch the statistics! (NOT a bush suporter) (Obama Baby)

 

[Destroyer Dave]

One more thing to think about- why do you think those banks could make those bad decisions? Because deregulators like John McCain, and most of the Republican Party felt we needed no damn Steagal Act to keep them from making those stupid mistakes. It was pretty much a party vote, Republicans "for", Dems "against" but to my chagrin, Clinton signed the damn bill in. Bastards! Course he also signed in the NAFTA too, double bastard!!

oh yeah, Id love to get bailed out of bankrutcy, then give myself $300,00 and go on vacation, who wouldnt take 700 billion dollars if the govt is dumb enough to give it to them!

 

[Alien Allen]

One more thing to think about- why do you think those banks could make those bad decisions? Because deregulators like John McCain, and most of the Republican Party felt we needed no damn Steagal Act to keep them from making those stupid mistakes. It was pretty much a party vote, Republicans "for", Dems "against" but to my chagrin, Clinton signed the damn bill in. Bastards! Course he also signed in the NAFTA too, double bastard!!

there were lots of dems that voted for it other than Clinton. It was veto proof.
see there you go wanting to lay most of the blame on the dems
well on the flip side the dems were the ones pushing for the lower income people to get the loans.
so again both sides are equally at fault IMO

 

[Minor Axis]

oh yeah, Id love to get bailed out of bankrutcy, then give myself $300,00 and go on vacation, who wouldnt take 700 billion dollars if the govt is dumb enough to give it to them!

Human beings at times are too stupid to remember previous mistakes (Great Depression) or they think they are smarter now and will avoid screwing up, especially when making money is the subject.

 

[Chellepop]

BORING!:sleep:
O
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G
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[Minor Axis]

Here is an eye opener for those who give a damn- The Fed Who Blew The Whistle. Some of you people insist the Bush Administration was not breaking the law when it came to warrentless wire tapping... BS. Let's see if they are ever held accountable.