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“Madam Speaker, when was the last time someone asked you for $700 billion?
“It is a number that is staggering, but tells us only the costs of the Bush Administration’s failed economic policies—policies built on budgetary recklessness, on an anything goes mentality, with no regulation, no supervision, and no discipline in the system.
Let's review this video:
What Caused Our Economic Crisis?
This potent and highly popular Internet video “Burning Down the House” – which traces responsibility for the housing/credit crisis right back to liberal Democrats – was yanked from YouTube in recent days due to a music copyright claim. It now has been re-edited to avoid that problem, and, for the moment at least, it is back.
Well Nancy , looks as if the Bush Administration’s failed economic policies wasn't the only problem.
And look at this.
Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis
Seems clear that our do nothing congress, did what they do best, nothing. Who's the failure?
This should be all over the msm airwaves, will they ignore this? I bet'cha a nickel.
CONFLICTS OF INTEREST? For the press? Ridiculous. "Shouldn't the MSM look closer at the conflicts of interest in their own newsrooms? I'm not talking liberal bias, but issues like David Gregory's marriage to a senior executive at Fannie and Andrea Mitchell's marriage to Alan Greenspan."
Hmmm, if Mr. Obama becomes president, this could be an on going problem since he seems to be at the root of it.
That quick cut right after US Rep. D - California, Maxine Waters, says "fixing something wasn't broke" could have hidden a lot. It's right after she starts speaking.
I'd like to hear more of these hearings, they looked interesting.
I'm thinking the hole is pretty deep, on both sides, or they wouldn't be coming to us for a buyoff.
This seems like our Politicians and their pimps the bad loan takers and makers, against us that pay our bills and don't get scabbed by the loan sharks and don't loan shark ourselves...
I'm sorry but they both made risky mistakes, these are their consequences.
Will it take us all out? I don't think so, but a couple bags of rice might not be a bad micro investment either.
I'd like to see more than competing sound bites.
If you ask me it all went to hell when people started using their mortgages and paying their credit cards off, then charging them back up again. Pumped alot of equity right into the retail incinerator, non durable goods and services.
Regulation? How about a 15% limit on individual revolving debt interest? Or easy bankruptcy laws that allow any individual to escape the entrapment of the credit card EULA.
Sounds like a great non partisan way to free both sides of the credit slave divide from their addictions.
Kinda long, but I meant it. Thanks for reading.
And Thanks for the excellent soapbaox from which to spout Mr. and Mrs. Greyhawk.
Pelosi and her pals said at the time that Freddie and Fannie posed no problem, and that the Bush administration was overblowing the issue for political gain. Now she and the Libs are pointing the finger at the Bush administration! Hypocrites. I guess this is her idea of the more ethical government she promised.Posted by Pasadena Closet Conservative at September 30, 2008 06:09 PM Hide Comments | Show/Add Comments in Popup Window(2) | (Note: You must refresh main page to view newly posted comments here)