Where are you from? Are you American?
Obama has set this country so far back it's a marvel - he's one of the worst presidents in U.S. history.
icardfacepalm:
He inherited the worst financial and economical crisis si 1929. Roosevelt was able to put up the New Deal to save the US economy. Obama didn't even tried 'cause he knew he would congress will never let him do such a plan.
Housing Crisis: A new report from the Associated Press claims that the mortgage meltdown is due largely to President Bush's failure to act in 2005. Sounds plausible — until you actually look at the facts.
"Under pressure, U.S. eased lending rules," reads the AP special report's headline. But "U.S." is really a misnomer. The news service really means "Bush."
"The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed," the report asserts.
The report goes on to catalog what it says are Bush's crimes. Namely, that his administration bowed to "aggressive lobbying" by banks and delayed doing anything for a year. This, says the AP, is "emblematic of a philosophy that trusted market forces and discounted the need for government intervention in the economy."
All utterly wrong.
Here at IBD, we've done more than a dozen pieces — most recently, in yesterday's paper — detailing how rewrites of the Community Reinvestment Act in 1995 under President Clinton, along with major regulatory changes pushed by the White House in the late 1990s, created the boom in subprime lending, the surge in exotic and highly risky mortgage-backed securities, and the housing boom whose government-fed excesses led to inevitable collapse.
Despite this clear record, we're now besieged by enterprising journalists blaming Republican "deregulation" or the president's failure to recognize the seriousness of the problem or act. But these claims fall apart, as a partial history of the last decade shows.
Bush's first budget, written in 2001 — seven years ago — called runaway subprime lending by the government-sponsored enterprises Fannie Mae and Freddie Mac "a potential problem" and warned of "strong repercussions in financial markets."
In 2003, Bush's Treasury secretary, John Snow, proposed what the New York Times called "the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago." Did Democrats in Congress welcome it? Hardly.
"I do not think we are facing any kind of a crisis," declared Rep. Barney Frank, D-Mass., in a response typical of those who viewed Fannie and Freddie as a party patronage machine that the GOP was trying to dismantle. "If it ain't broke, don't fix it," added Sen. Thomas Carper, D-Del.
Unfortunately, it was broke.
In November 2003, just two months after Frank's remarks, Bush's top economist, Gregory Mankiw, warned: "The enormous size of the mortgage-backed securities market means that any problems at the GSEs matter for the financial system as a whole." He too proposed reforms, and they too went nowhere.
In the next two years, a parade of White House officials traipsed to Capitol Hill, calling repeatedly for GSE reform. They were ignored. Even after several multibillion-dollar accounting errors by Fannie and Freddie, Congress put off reforms.
In 2005, Fed chief Alan Greenspan sounded the most serious warning of all: "We are placing the total financial system of the future at a substantial risk" by doing nothing, he said. When a bill later that year emerged from the Senate Banking Committee, it looked like something might finally be done.
Unfortunately, as economist Kevin Hassett of the American Enterprise Institute has noted, "the bill didn't become law, for a simple reason: Democrats opposed it on a party-line vote in the committee, signaling that this would be a partisan issue. Republicans, tied in knots by the tight Democratic opposition, couldn't even get the Senate to vote on the matter."
Had they done so, it's likely the mortgage meltdown wouldn't have occurred, or would have been of far less intensity. President Bush and the Republican Congress might be blamed for many things, but this isn't one of them. It was a Democratic debacle, from start to finish.
A group of 50 former national security officials, all of whom have served Republican presidents from Richard M. Nixon to George W. Bush, have signed an open letter calling Donald Trump unqualified to be president and warning that, if elected, “he would be the most reckless President in American history.”
The letter offers a withering critique of the GOP nominee, saying he “lacks the character, values and experience” to be president. The signatories declare their conviction that he would be dangerous “and would put at risk our country’s national security and well-being.”
They state flatly that none of them intend to vote for Trump in November. Some have decided to vote for Hillary Clinton, while others intend to sit out the election or write in another name, said John Bellinger III, a former legal adviser to Condoleezza Rice and the writer of the letter’s first draft.
“We also know that many have doubts about Hillary Clinton, as do many of us,” the letter says. “But Donald Trump is not the answer to America’s daunting challenges and to this crucial election. We are convinced that in the Oval Office, he would be the most reckless President in American history.”
In a statement, Trump said the letter writers share the blame for “making the world such a dangerous place.”
“They are nothing more than the failed Washington elite looking to hold onto their power, and it’s time they are held accountable for their actions,” he said.
Trump said the former officials — along with Clinton — took part in the decisions that led to the invasion of Iraq, the deaths of Americans in Benghazi, Libya, and the rise of the Islamic State.
“Yet despite these failures, they think they are entitled to use their favor trading to land taxpayer-funded government contracts and speaking fees,” he said.
Although no former secretaries of state signed the letter, it carries the signatures of Michael Chertoff and Tom Ridge, former secretaries of homeland security; Michael Hayden, a former director of the CIA and the National Security Agency; John Negroponte, a former director of national intelligence and deputy secretary of state; Robert Zoellick, who also was a deputy secretary of state and president of the World Bank and the U.S. trade representative under George W. Bush; Carla Hills, the U.S. trade representative under George H.W. Bush; and William H. Taft IV, a former deputy secretary of defense and ambassador to NATO under the elder Bush.
Also signing the letter were several aides who were senior advisers in the White House, State Department and Pentagon. Among them were Eric Edelman, a national security adviser to then-Vice President Richard B. Cheney, and Bellinger, who worked closely with Rice when she was secretary of state and when she was on the NSC.
Bellinger said that some involved with the letter wanted to wait until September to release their views but that the candidate’s behavior in recent weeks — from his comments on NATO to inviting Russian intelligence to hack Clinton’s emails — galvanized them to move sooner.
“This is not about NATO, it’s not about trade, it’s not about Russia, it’s not about cyber. We really wanted to focus on the character, temperament and judgment that we have seen are required of good presidents,” Bellinger said.
Although the signatories all served Republican presidents, many of the criticisms echo those being leveled by the Clinton campaign.
“He appears to lack basic knowledge about and belief in the U.S. Constitution, U.S. laws and U.S. institutions, including religious tolerance, freedom of the press and an independent judiciary,” the letter says of Trump.
Later on, it adds, “At the same time, he persistently compliments our adversaries and threatens our allies and friends. Unlike previous Presidents who had limited experience in foreign affairs, Mr. Trump has shown no interest in educating himself. He continues to display an alarming ignorance of basic facts of contemporary international politics.”
The letter said Trump “lacks the temperament to be President,” and gave a scathing assessment of his ability to take advice, discipline himself, control his emotions and reflect before acting.
“He is unable or unwilling to separate truth from falsehood,” the letter states in a particularly pointed criticism of Trump’s personal traits. “He does not encourage conflicting views. He lacks self-control and acts impetuously. He cannot tolerate personal criticism. He has alarmed our closest allies with his erratic behavior. All of these are dangerous qualities in an individual who aspires to be President and Commander-in-Chief, with command of the U.S. nuclear arsenal.”
Bellinger said the letter is not intended to be political.
“What we really wanted to do was to raise the alarm and awareness among voters who may find Mr. Trump attractive in a lot of ways, but do not understand what is required to be president of the United States,” he said. “We are trying to say to them, we have served inside the White House, we have worked with presidents for decades, we know what’s required to be president, and we are deeply concerned Donald Trump does not have these qualifications, the judgment or the temperament.”
A sixth Rep US Senator (Susan Collins from Maine) just stated she would not support Trump. I can't believe this is happening and as late as August. All this needed to happen back in May-June to have an affect other than make Hillary Clinton President.
The subprime lending fiasco was a fault of whose policies? And who warned them of this but was unheeded?
If we see someone taking a header down 4 rows of seats with his 8th beer in his hand, it'll be you.
But you're probably right, if we see someone acting the fool while taking advantage of yet another screen to hide behind, yes that will probably be you too. A chickenshit blowhard like you sure as hell wouldn't do anything in front of anyone.
And that piece-of-shit whose poster you kiss every time you walk by, he's getting his ass kicked in the polls....in your state. And that's not going to change. Because your Klan meeting of a state just had its racist voter ID laws punted. But the good news is that every organization in the world, including the NCAA, NFL and every rockstar worth seeing (except that half-trained chimpanzee, Ted Nugent...who is not worth seeing) has told your homophobic hayseed state to go fuck yourself until you join the rest of us here in the 21st century. I mean seriously, when the concussed Mongoloids in the NFL are wondering what your fucking problem is, you really need to start asking yourself some fundamental questions.
And your desperately feeble responses all up and down this board have not exactly furthered the cause of Shitkicker, America.
But other than that, things are going well for you this week. Enjoy your rally. :thumbsup:
Hope he doesn't take his half breed daughter with him, she won't be welcome!
Hope he doesn't take his half breed daughter with him, she won't be welcome!
The erosion is coming. Trump prepares to keep face when he lost with that "rigged voting story he has Alex Jones and his supersmearer Stone push heavily.
And the party gets more and more nervous, nay, panicky, as his erratic campaign goes along.
But it seems they need to act asap, because they would need to drop him in August, or stick to him and go down with him.
Again, I see Paul Ryan being puished forward, to try and save what's left
I'm going to his rally today. A rally which BTW, all tickets ( over 10,000) that were issued were snatched up in just a few hours.
Sweet. Yell something so we'll know it's you.
I'll be the guy playing the banjo.
Hope he doesn't take his half breed daughter with him, she won't be welcome!