I'd Like To Put Something Out There That No One Seems to Want to Say...

Everyone blames the Iraq War and George Bush for our economic troubles in the United States. This is just completely inaccurate. The number one source of our economic distress today, which has become glaringly obvious if you have watched the news lately, is the housing crisis. Bill Clinton started this off with his absolutely absurd idea to open up Fannie Mae and Freddie Mac to giving out loans to people who would never be able to pay them off. They had a field day, and low and behold, we have our housing crisis. George Bush even tried to stop it in 2003, but the Democrats managed to have it turned down. John McCain even tried to stop it in 2005 by proposing legislation, but again the Democrats had it turned down. All the while, Barack Obama got the most amount of money from Fannie Mae and Freddie Mac out of all the politicians in the country, second only to Chris Dobb, the Democrat in charge of overseeing Fannie Mae and Freddie Mac. And now his wife Hillary wants to put on top of this several hundred billion dollar bailout a bailout for all the people who took out these loans, in essence screwing over the average Joe who saves every penny to pay his mortgage.

Thoughts?

 

People also seem to forget that the rest of the world is reeling from this too. Ain't just the USA =/

And tbh I couldn't care less who caused it if they aren't in office anymore, I want it solved. I want petrol prices down, inflation down, pay increases up and people to stop *****ing about the past and work on the future for once.

 

I realize that this is a global thing, and the point of this was to get people to realize that Republicans aren't pure evil and the Democrats aren't completely good more so than to entirely address the problem.

However to address the problem, I would say McCain is the best choice for president since he actually attempted to help with thie economic crisis.

 

I beg to differ, Mr. Drizzle! Though I do agree that both parties are far from perfect. I do believe tax cuts for the rich aren't going to help. You want to see what the McCain bottem line is? Here's the gist of it: Despite his earlier opposition, he now wants to make the Bush tax cuts permanent. Price tag: more than $2 trillion over 10 years. He wants to repeal the alternative minimum tax. Price tag: "up to $2 trillion" according to the Center on Budget and Policy Priorities (CBPP). He wants to keep the war going ad infinitum, at a cost of between $100 billion and $150 billion per year, according to CBO estimates.

 

I couldn't agree more. Bush really isn't a bad president. It's the lack of action from other presidents that got us to this point today. Especially Clinton. And other democrats aren't helping out either.Hopefully McCain will get in office and make things different.

 

Did you not read my post showing McCain's failed logic on the economy?

 

Ooopsy, I did now. I doubt he'd get congress to go with him anyway, that's a lot of money. I think he'd handle the situation better than Obama though.

 

*sighs* If that's your take on it, I can't stop you from thinking that. I only hope things get better before we have another depression.

 

/disagree.

It's time we had a Democrat >.> Republicans had their chance..

 

And made things go from bad to worse.

 

Read the book, the last 3 chapters, "The Shade of Swords." You will then et a better handle on things as far as Iraq go. I'm Republican and Bush is an idiot to me.

 

Well he's not the smartest guy ever, but no one seems to realize that he had some of the toughest decisions that any president had to make in the last 100 years, right up there with Truman and the atom bomb. The guy has a lot a pressure on him.

As did the Democrats. Democrats want low-income Americans to be able to get loans they will never pay off. That's not a good philosophy to go by in America today.

Agreed completely. =D

While I, a middle-class American, don't completely agree with how he's handling the tax breaks, at least he wants low-income Americans to no longer be able to take out mortgages they will never pay off. That is one of the reasons why I prefer McCain to Obama.

 

So we're going to leave America in the hands of the Republicans again?..All I know is that I'm down with Obama,I'm sure he can change this country for the better.

 

The housing crisis is not just caused by these loan agencies giving loans to people who can't pay them. A part of the reason is this and the fact that Sally Mae etc knew that these people would have troubles to begin with, not because of bad credit, but because of the interest and insane business practices these loan sharks dole out. They tried to encourage people to take out loans that were too high for them to pay back instead of working with them on what they could actually afford. The corporations needed more monitoring from the beginning, and that is both on the Reps and Dems but also the fact more people should have been complaining for some time about it.

It also doesn't help that many jobs have gone overseas, bankrupting people who are in loans etc and lose their homes. The job market stinks about now and more and more companies continue to find benefits overseas and get large tax cuts and have no real tariff laws so they can sell their stuff at cost but at the same time the work is done elsewhere. We lose because of this and it has also plummeted the value of the dollar considerably.

The cost of petrol of course doesn't help any either. We are so dependent on oil and do need to think towards the future.

As for Bush and the Iraq war... we should not have gone to Iraq in the first place yet. Afghanistan, definitely, we had reasons to go there. Iraq was an enemy, yes, but at the same time, we should have focused on Afghanistan and working with Pakistan better and by now I'm sure if we had done so, we'd have found Bin Laden, who has become as legendary anymore as Bigfoot. Bush has horrible cowboy politics behavior and is more like Captain Kirk where we need a Captain Picard. Excuse the Star Trek reference but I can think of no simile to match better. We've made too many enemies due to his brash behavior and need someone to sooth these wounds to show the rest of the world we are not tyrannical. We would undoubtedly have had to deal with Iraq sooner or later but now we've gone and upset a lot and we must back out slowly by his mess. He's also a born again evangelical Christian and I am sorry, but I don't put faith in his control as the lot of them are mainly zealous and act without thinking first.

I do not place -all- of the blame on Bush for everything that is wrong today because that would be very simplistic and well, wrong. He's done good moves too, but he's also been very hasty with things and his and Cheney's corporate ties have sunk us in debt as well. The corporations that 'help' in rebuilding Iraq have managed to sequester money they were definitely not owed. They've made a ton off of us and much of it was for expenditures that have been found to be ridiculous. This, Bush did clear and he also initiated a war we should not have gone into so soon. He's stretched out our military super thin and also the response to our own national crises have been ignored, as if we could take them. I only have to bring up Katrina to point out the obvious and I do have friends who suffered through that and know the response time was stupidly slow compared to Texas that has always had immediate response even before the storms began.

Clinton did his no-noes too and he ended up cutting our military too much and also had deals with China which have come back to haunt us. Obama won't be perfect either, but at least he is willing to try and do some things that are different and to our benefit. I have nothing 'personally' against McCain but Palin, I just don't like at all. Bush isn't the problem for every decision made, but he surely helped bring us down quite a bit with his bought out lobby interests and anyone should be able to see it. McCain is also well bought out, owns 12 houses and is worth millions, and that is what makes Obama fresh in a way. He has refused donations from -all- lobbyists to include the insurance agencies etc. We do need a president who isn't bought out for a change so that the corporate lobbyists can be dealt with in a better way if we are to run our government effectively in the upcoming years.