The GOP’s October Surprise?

[socrattt]

Look Pigs, it doesn’t matter anymore who’s fault it is. We have a problem that needs to be fixed and blaming parties isn’t going to work. Greedy politicians and ignorant people are responsible for this financial catastrophe. We all need to agree that the economic health of this country should be the number one focus in this election. Neither one of these candidates excites me, but as you are all well aware the fiscal policy of the conservatives is where we should be voting if you worried about your own economic situation. Rarely is an election soley based on the financial status of this country, but this election is and I hope that all of you understand that we need the right party (regardless of candidate) in office!!!

[Eugene]

[quote]How can you watch the video and still say that it was not the Dems fault??

Why don’t liberals put the country first instead of their ideology?[/quote]

Because the video is extremely biased.

* The push to coerce minorities and poor people into homeownership was bipartisan, Bush’s speeches are evidence.

* Neither Republicans nor Democrats saw anything wrong with the idea of 0 down adjustable NINJA loans up until the s**t hit the fan in 2007.

* Fannie and Freddie only played a minor role in the subprime crisis:

http://www.time.com/time/business/article/0,8599,1822014,00.html

“… more shocking was what followed from 2004 through 2006: The two mortgage giants got muscled aside by [b]Wall Street firms willing to underwrite bigger, riskier mortgages than Fannie and Freddie were allowed to touch[/b]. Their joint market share fell to only about 25% in 2006.

In other words, Fannie and Freddie were mostly bystanders to the worst excesses of the housing bubble”

[Eugene]

[quote]How can you watch the video and still say that it was not the Dems fault??

Why don’t liberals put the country first instead of their ideology?[/quote]

Because the video is extremely biased.

* The push to coerce minorities and poor people into homeownership was bipartisan, Bush’s speeches are evidence.

* Neither Republicans nor Democrats saw anything wrong with the idea of 0 down adjustable NINJA loans up until the s**t hit the fan in 2007.

* Fannie and Freddie only played a minor role in the subprime crisis:

http://www.time.com/time/business/article/0,8599,1822014,00.html

“… more shocking was what followed from 2004 through 2006: The two mortgage giants got muscled aside by [b]Wall Street firms willing to underwrite bigger, riskier mortgages than Fannie and Freddie were allowed to touch[/b]. Their joint market share fell to only about 25% in 2006.

In other words, Fannie and Freddie were mostly bystanders to the worst excesses of the housing bubble”

[Eugene]

[quote]How can you watch the video and still say that it was not the Dems fault??

Why don’t liberals put the country first instead of their ideology?[/quote]

Because the video is extremely biased.

* The push to coerce minorities and poor people into homeownership was bipartisan, Bush’s speeches are evidence.

* Neither Republicans nor Democrats saw anything wrong with the idea of 0 down adjustable NINJA loans up until the s**t hit the fan in 2007.

* Fannie and Freddie only played a minor role in the subprime crisis:

http://www.time.com/time/business/article/0,8599,1822014,00.html

“… more shocking was what followed from 2004 through 2006: The two mortgage giants got muscled aside by [b]Wall Street firms willing to underwrite bigger, riskier mortgages than Fannie and Freddie were allowed to touch[/b]. Their joint market share fell to only about 25% in 2006.

In other words, Fannie and Freddie were mostly bystanders to the worst excesses of the housing bubble”

[Eugene]

[quote]How can you watch the video and still say that it was not the Dems fault??

Why don’t liberals put the country first instead of their ideology?[/quote]

Because the video is extremely biased.

* The push to coerce minorities and poor people into homeownership was bipartisan, Bush’s speeches are evidence.

* Neither Republicans nor Democrats saw anything wrong with the idea of 0 down adjustable NINJA loans up until the s**t hit the fan in 2007.

* Fannie and Freddie only played a minor role in the subprime crisis:

http://www.time.com/time/business/article/0,8599,1822014,00.html

“… more shocking was what followed from 2004 through 2006: The two mortgage giants got muscled aside by [b]Wall Street firms willing to underwrite bigger, riskier mortgages than Fannie and Freddie were allowed to touch[/b]. Their joint market share fell to only about 25% in 2006.

In other words, Fannie and Freddie were mostly bystanders to the worst excesses of the housing bubble”

[Eugene]

[quote]How can you watch the video and still say that it was not the Dems fault??

Why don’t liberals put the country first instead of their ideology?[/quote]

Because the video is extremely biased.

* The push to coerce minorities and poor people into homeownership was bipartisan, Bush’s speeches are evidence.

* Neither Republicans nor Democrats saw anything wrong with the idea of 0 down adjustable NINJA loans up until the s**t hit the fan in 2007.

* Fannie and Freddie only played a minor role in the subprime crisis:

http://www.time.com/time/business/article/0,8599,1822014,00.html

“… more shocking was what followed from 2004 through 2006: The two mortgage giants got muscled aside by [b]Wall Street firms willing to underwrite bigger, riskier mortgages than Fannie and Freddie were allowed to touch[/b]. Their joint market share fell to only about 25% in 2006.

In other words, Fannie and Freddie were mostly bystanders to the worst excesses of the housing bubble”

[Arraya]

John-You are not understanding me. Just because I bash Bush doesn’t mean I am a liberal (whatever that means)

I believe the problem to be systemic not in terms of left and right. However if you want to look at in terms of left and right. The majority of the problems lay at the administrations feet because the provided the mechanisms i.e loose lending guidelines enabled by OFEHO which is a presidential appointed position. Couple this with Bush’s homeownership challenge and Greenspan’s encouraging of risky loans at the height of the bubble just to keep it going a little longer. Hell, the media kept trying to pump it up well over a year after is was dead and bubble bloggers were widespread.

Keep in mind the repealing of glass-segal, which lead to the way mortgages were traded on wall street, was signed into law by Clinton but pushed by McCain’s economic advisor Phil Gram and the behind the scenes guy begging for it was, you guessed it, Hanky Panky Paulson. Keep in mind this law was put into place to keep things like this from happening. On one level it’s almost as if somebody decided to create the exact same economic dynamics as the depression. Well we got it and we are swan diving head first into it.

All that posturing that the dems do in the video does not add up to a hill of beans in terms of responsibility. They encouraged, big deal. And I am not saying those two scum bags Frank and Dodd are not guilty of something I am sure they are, I just have not looked hard enough to find anything.

Now if you really look hard enough you will notice the politicians are not in charge. They are bought and paid for arms of the Fed, Wall Street, military-industrial complex, energy industry, who really run the show. These entities don’t give a shit about national or personal sovereignty.

The glue that keeps this big hoax together is the corp-gov media. The final ax in any possibility of an independent media was slick willy’s signing of the Telecommunications Act in 1996 which allowed for deregulation of media. See Clinton was a friend to Republicans with all his deregulation. Now instead of 100 or so media companies we have 5 that own everything. And the owners of these big media conglomerates hang around with there super rich friends in the controlling industries and plot on how to keep you in line. One of the ways they do this is by creating a false dichotomy of left and right. Or I would not go as far as saying creating it, it preys on the difference in people to keep them separated. This gives you the illusion of choice. Makes you feel like part of a tribe that is superior to the other tribe and if anything goes wrong it is the other tribe that is corrupt or stupid. All the while a common agenda gets achieved while throwing emotionally laden issues that they could not care less about for you to fight over. And the best part is it keeps you from looking at the real power structure.

And now to keep us even more divided, and I have to give it to them they were very smart in their selections for presidential candidates. They pair a black man with a muslim name on one side and a creationist, bombs and jesus type on the other. I does not get anymore divisive than that.

So now the richest 400 Americans now have more money stashed away that the combined bottom 150 million Americans. Some $1.6 trillion bucks. Ironically they increased their wealth buy 700 billion over the past eight years.

This was accomplished by selling off or shipping out ever available asset, from jobs to seaports, smashing usury and anti-monopoly laws, raiding the public coffers and manipulating the medium of exchange and blackmailing the peasantry regarding common needs such as heath care and energy to keep their asses warm — to name a few. The ultimate coup was to convince the entire nation that the well being of the rich, meaning the well being of Wall Street, was indeed the common man’s well being.

Ok, got it, good. Go tell your family and friends.

[Arraya]

John-You are not understanding me. Just because I bash Bush doesn’t mean I am a liberal (whatever that means)

I believe the problem to be systemic not in terms of left and right. However if you want to look at in terms of left and right. The majority of the problems lay at the administrations feet because the provided the mechanisms i.e loose lending guidelines enabled by OFEHO which is a presidential appointed position. Couple this with Bush’s homeownership challenge and Greenspan’s encouraging of risky loans at the height of the bubble just to keep it going a little longer. Hell, the media kept trying to pump it up well over a year after is was dead and bubble bloggers were widespread.

Keep in mind the repealing of glass-segal, which lead to the way mortgages were traded on wall street, was signed into law by Clinton but pushed by McCain’s economic advisor Phil Gram and the behind the scenes guy begging for it was, you guessed it, Hanky Panky Paulson. Keep in mind this law was put into place to keep things like this from happening. On one level it’s almost as if somebody decided to create the exact same economic dynamics as the depression. Well we got it and we are swan diving head first into it.

All that posturing that the dems do in the video does not add up to a hill of beans in terms of responsibility. They encouraged, big deal. And I am not saying those two scum bags Frank and Dodd are not guilty of something I am sure they are, I just have not looked hard enough to find anything.

Now if you really look hard enough you will notice the politicians are not in charge. They are bought and paid for arms of the Fed, Wall Street, military-industrial complex, energy industry, who really run the show. These entities don’t give a shit about national or personal sovereignty.

The glue that keeps this big hoax together is the corp-gov media. The final ax in any possibility of an independent media was slick willy’s signing of the Telecommunications Act in 1996 which allowed for deregulation of media. See Clinton was a friend to Republicans with all his deregulation. Now instead of 100 or so media companies we have 5 that own everything. And the owners of these big media conglomerates hang around with there super rich friends in the controlling industries and plot on how to keep you in line. One of the ways they do this is by creating a false dichotomy of left and right. Or I would not go as far as saying creating it, it preys on the difference in people to keep them separated. This gives you the illusion of choice. Makes you feel like part of a tribe that is superior to the other tribe and if anything goes wrong it is the other tribe that is corrupt or stupid. All the while a common agenda gets achieved while throwing emotionally laden issues that they could not care less about for you to fight over. And the best part is it keeps you from looking at the real power structure.

And now to keep us even more divided, and I have to give it to them they were very smart in their selections for presidential candidates. They pair a black man with a muslim name on one side and a creationist, bombs and jesus type on the other. I does not get anymore divisive than that.

So now the richest 400 Americans now have more money stashed away that the combined bottom 150 million Americans. Some $1.6 trillion bucks. Ironically they increased their wealth buy 700 billion over the past eight years.

This was accomplished by selling off or shipping out ever available asset, from jobs to seaports, smashing usury and anti-monopoly laws, raiding the public coffers and manipulating the medium of exchange and blackmailing the peasantry regarding common needs such as heath care and energy to keep their asses warm — to name a few. The ultimate coup was to convince the entire nation that the well being of the rich, meaning the well being of Wall Street, was indeed the common man’s well being.

Ok, got it, good. Go tell your family and friends.

[Arraya]

John-You are not understanding me. Just because I bash Bush doesn’t mean I am a liberal (whatever that means)

I believe the problem to be systemic not in terms of left and right. However if you want to look at in terms of left and right. The majority of the problems lay at the administrations feet because the provided the mechanisms i.e loose lending guidelines enabled by OFEHO which is a presidential appointed position. Couple this with Bush’s homeownership challenge and Greenspan’s encouraging of risky loans at the height of the bubble just to keep it going a little longer. Hell, the media kept trying to pump it up well over a year after is was dead and bubble bloggers were widespread.

Keep in mind the repealing of glass-segal, which lead to the way mortgages were traded on wall street, was signed into law by Clinton but pushed by McCain’s economic advisor Phil Gram and the behind the scenes guy begging for it was, you guessed it, Hanky Panky Paulson. Keep in mind this law was put into place to keep things like this from happening. On one level it’s almost as if somebody decided to create the exact same economic dynamics as the depression. Well we got it and we are swan diving head first into it.

All that posturing that the dems do in the video does not add up to a hill of beans in terms of responsibility. They encouraged, big deal. And I am not saying those two scum bags Frank and Dodd are not guilty of something I am sure they are, I just have not looked hard enough to find anything.

Now if you really look hard enough you will notice the politicians are not in charge. They are bought and paid for arms of the Fed, Wall Street, military-industrial complex, energy industry, who really run the show. These entities don’t give a shit about national or personal sovereignty.

The glue that keeps this big hoax together is the corp-gov media. The final ax in any possibility of an independent media was slick willy’s signing of the Telecommunications Act in 1996 which allowed for deregulation of media. See Clinton was a friend to Republicans with all his deregulation. Now instead of 100 or so media companies we have 5 that own everything. And the owners of these big media conglomerates hang around with there super rich friends in the controlling industries and plot on how to keep you in line. One of the ways they do this is by creating a false dichotomy of left and right. Or I would not go as far as saying creating it, it preys on the difference in people to keep them separated. This gives you the illusion of choice. Makes you feel like part of a tribe that is superior to the other tribe and if anything goes wrong it is the other tribe that is corrupt or stupid. All the while a common agenda gets achieved while throwing emotionally laden issues that they could not care less about for you to fight over. And the best part is it keeps you from looking at the real power structure.

And now to keep us even more divided, and I have to give it to them they were very smart in their selections for presidential candidates. They pair a black man with a muslim name on one side and a creationist, bombs and jesus type on the other. I does not get anymore divisive than that.

So now the richest 400 Americans now have more money stashed away that the combined bottom 150 million Americans. Some $1.6 trillion bucks. Ironically they increased their wealth buy 700 billion over the past eight years.

This was accomplished by selling off or shipping out ever available asset, from jobs to seaports, smashing usury and anti-monopoly laws, raiding the public coffers and manipulating the medium of exchange and blackmailing the peasantry regarding common needs such as heath care and energy to keep their asses warm — to name a few. The ultimate coup was to convince the entire nation that the well being of the rich, meaning the well being of Wall Street, was indeed the common man’s well being.

Ok, got it, good. Go tell your family and friends.

[Arraya]

John-You are not understanding me. Just because I bash Bush doesn’t mean I am a liberal (whatever that means)

I believe the problem to be systemic not in terms of left and right. However if you want to look at in terms of left and right. The majority of the problems lay at the administrations feet because the provided the mechanisms i.e loose lending guidelines enabled by OFEHO which is a presidential appointed position. Couple this with Bush’s homeownership challenge and Greenspan’s encouraging of risky loans at the height of the bubble just to keep it going a little longer. Hell, the media kept trying to pump it up well over a year after is was dead and bubble bloggers were widespread.

Keep in mind the repealing of glass-segal, which lead to the way mortgages were traded on wall street, was signed into law by Clinton but pushed by McCain’s economic advisor Phil Gram and the behind the scenes guy begging for it was, you guessed it, Hanky Panky Paulson. Keep in mind this law was put into place to keep things like this from happening. On one level it’s almost as if somebody decided to create the exact same economic dynamics as the depression. Well we got it and we are swan diving head first into it.

All that posturing that the dems do in the video does not add up to a hill of beans in terms of responsibility. They encouraged, big deal. And I am not saying those two scum bags Frank and Dodd are not guilty of something I am sure they are, I just have not looked hard enough to find anything.

Now if you really look hard enough you will notice the politicians are not in charge. They are bought and paid for arms of the Fed, Wall Street, military-industrial complex, energy industry, who really run the show. These entities don’t give a shit about national or personal sovereignty.

The glue that keeps this big hoax together is the corp-gov media. The final ax in any possibility of an independent media was slick willy’s signing of the Telecommunications Act in 1996 which allowed for deregulation of media. See Clinton was a friend to Republicans with all his deregulation. Now instead of 100 or so media companies we have 5 that own everything. And the owners of these big media conglomerates hang around with there super rich friends in the controlling industries and plot on how to keep you in line. One of the ways they do this is by creating a false dichotomy of left and right. Or I would not go as far as saying creating it, it preys on the difference in people to keep them separated. This gives you the illusion of choice. Makes you feel like part of a tribe that is superior to the other tribe and if anything goes wrong it is the other tribe that is corrupt or stupid. All the while a common agenda gets achieved while throwing emotionally laden issues that they could not care less about for you to fight over. And the best part is it keeps you from looking at the real power structure.

And now to keep us even more divided, and I have to give it to them they were very smart in their selections for presidential candidates. They pair a black man with a muslim name on one side and a creationist, bombs and jesus type on the other. I does not get anymore divisive than that.

So now the richest 400 Americans now have more money stashed away that the combined bottom 150 million Americans. Some $1.6 trillion bucks. Ironically they increased their wealth buy 700 billion over the past eight years.

This was accomplished by selling off or shipping out ever available asset, from jobs to seaports, smashing usury and anti-monopoly laws, raiding the public coffers and manipulating the medium of exchange and blackmailing the peasantry regarding common needs such as heath care and energy to keep their asses warm — to name a few. The ultimate coup was to convince the entire nation that the well being of the rich, meaning the well being of Wall Street, was indeed the common man’s well being.

Ok, got it, good. Go tell your family and friends.

[Arraya]

John-You are not understanding me. Just because I bash Bush doesn’t mean I am a liberal (whatever that means)

I believe the problem to be systemic not in terms of left and right. However if you want to look at in terms of left and right. The majority of the problems lay at the administrations feet because the provided the mechanisms i.e loose lending guidelines enabled by OFEHO which is a presidential appointed position. Couple this with Bush’s homeownership challenge and Greenspan’s encouraging of risky loans at the height of the bubble just to keep it going a little longer. Hell, the media kept trying to pump it up well over a year after is was dead and bubble bloggers were widespread.

Keep in mind the repealing of glass-segal, which lead to the way mortgages were traded on wall street, was signed into law by Clinton but pushed by McCain’s economic advisor Phil Gram and the behind the scenes guy begging for it was, you guessed it, Hanky Panky Paulson. Keep in mind this law was put into place to keep things like this from happening. On one level it’s almost as if somebody decided to create the exact same economic dynamics as the depression. Well we got it and we are swan diving head first into it.

All that posturing that the dems do in the video does not add up to a hill of beans in terms of responsibility. They encouraged, big deal. And I am not saying those two scum bags Frank and Dodd are not guilty of something I am sure they are, I just have not looked hard enough to find anything.

Now if you really look hard enough you will notice the politicians are not in charge. They are bought and paid for arms of the Fed, Wall Street, military-industrial complex, energy industry, who really run the show. These entities don’t give a shit about national or personal sovereignty.

The glue that keeps this big hoax together is the corp-gov media. The final ax in any possibility of an independent media was slick willy’s signing of the Telecommunications Act in 1996 which allowed for deregulation of media. See Clinton was a friend to Republicans with all his deregulation. Now instead of 100 or so media companies we have 5 that own everything. And the owners of these big media conglomerates hang around with there super rich friends in the controlling industries and plot on how to keep you in line. One of the ways they do this is by creating a false dichotomy of left and right. Or I would not go as far as saying creating it, it preys on the difference in people to keep them separated. This gives you the illusion of choice. Makes you feel like part of a tribe that is superior to the other tribe and if anything goes wrong it is the other tribe that is corrupt or stupid. All the while a common agenda gets achieved while throwing emotionally laden issues that they could not care less about for you to fight over. And the best part is it keeps you from looking at the real power structure.

And now to keep us even more divided, and I have to give it to them they were very smart in their selections for presidential candidates. They pair a black man with a muslim name on one side and a creationist, bombs and jesus type on the other. I does not get anymore divisive than that.

So now the richest 400 Americans now have more money stashed away that the combined bottom 150 million Americans. Some $1.6 trillion bucks. Ironically they increased their wealth buy 700 billion over the past eight years.

This was accomplished by selling off or shipping out ever available asset, from jobs to seaports, smashing usury and anti-monopoly laws, raiding the public coffers and manipulating the medium of exchange and blackmailing the peasantry regarding common needs such as heath care and energy to keep their asses warm — to name a few. The ultimate coup was to convince the entire nation that the well being of the rich, meaning the well being of Wall Street, was indeed the common man’s well being.

Ok, got it, good. Go tell your family and friends.

[Aecetia]

“True affordability comes in
Submitted by CA renter on April 11, 2008 – 8:03pm.”
I think this is well-written.

{True affordability comes in the form of lower prices, not gimmicky mortgages or public grants which actually serve to keep prices high and entirely UN-affordable.

The very best thing that could happen to “poor people” is massive deflation of housing prices that leave enough money (after paying for housing costs) to allocate toward education, retirement funding and (gasp!) discretionary income.

A primary house is an EXPENSE, it is not “The American Dream.” The American Dream is the ability to improve one’s lot in life and end up in a better situation than where you started.

I’m a liberal, economically-speaking, and am totally opposed to anything that serves to prop up prices so they remain unaffordable to the working class.}

[Aecetia]

“True affordability comes in
Submitted by CA renter on April 11, 2008 – 8:03pm.”
I think this is well-written.

{True affordability comes in the form of lower prices, not gimmicky mortgages or public grants which actually serve to keep prices high and entirely UN-affordable.

The very best thing that could happen to “poor people” is massive deflation of housing prices that leave enough money (after paying for housing costs) to allocate toward education, retirement funding and (gasp!) discretionary income.

A primary house is an EXPENSE, it is not “The American Dream.” The American Dream is the ability to improve one’s lot in life and end up in a better situation than where you started.

I’m a liberal, economically-speaking, and am totally opposed to anything that serves to prop up prices so they remain unaffordable to the working class.}

[Aecetia]

“True affordability comes in
Submitted by CA renter on April 11, 2008 – 8:03pm.”
I think this is well-written.

{True affordability comes in the form of lower prices, not gimmicky mortgages or public grants which actually serve to keep prices high and entirely UN-affordable.

The very best thing that could happen to “poor people” is massive deflation of housing prices that leave enough money (after paying for housing costs) to allocate toward education, retirement funding and (gasp!) discretionary income.

A primary house is an EXPENSE, it is not “The American Dream.” The American Dream is the ability to improve one’s lot in life and end up in a better situation than where you started.

I’m a liberal, economically-speaking, and am totally opposed to anything that serves to prop up prices so they remain unaffordable to the working class.}

[Aecetia]

“True affordability comes in
Submitted by CA renter on April 11, 2008 – 8:03pm.”
I think this is well-written.

{True affordability comes in the form of lower prices, not gimmicky mortgages or public grants which actually serve to keep prices high and entirely UN-affordable.

The very best thing that could happen to “poor people” is massive deflation of housing prices that leave enough money (after paying for housing costs) to allocate toward education, retirement funding and (gasp!) discretionary income.

A primary house is an EXPENSE, it is not “The American Dream.” The American Dream is the ability to improve one’s lot in life and end up in a better situation than where you started.

I’m a liberal, economically-speaking, and am totally opposed to anything that serves to prop up prices so they remain unaffordable to the working class.}

[Author]

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