Go away, Jimm-uh.
Posted on 10/10/2008 9:15:20 AM PDT by sazerac
BRUSSELS (Reuters) - Former President Jimmy Carter said on Friday the "atrocious economic policies" of the Bush administration had caused the worst global financial crisis since the Great Depression of the 1930s.
Carter told reporters on a stopover in Brussels that "profligate spending," massive borrowing and dramatic tax cuts since President George W. Bush took office in 2001 were behind the market turmoil and economic crisis.
(Excerpt) Read more at reuters.com ...
There has been ZERO deregulation of financial markets this decade! This is the new democrat spin! I would like to ask president Carter exactly what Bush did to cause the crisis?
I would also like him to produce a single economist who thinks tax cuts had anything to do with the crisis.
These democrats are lying and we've only got two weeks to make people understand this stuff! The problem was the democrats and no supervision of fannie mae like the republicans tried to get.
Pot. Kettle. Black.
It almost sounds like an Onion headline.
The feeble minded one speaks.....
NOt only the worst president EVER, but the worst EX-president EVER!!
What a despicable, vacuous, communist shill.
He has violated EVERY precedent of decorum for ex-presidents.
He is NOT a gentleman, and should NEVER have been a president.
The same can be said for his progege’, Obama.
What, does Jimmah think it should have been effed up further? Is that his problem?
Habitat for Humanity HUH? Go to HELL carter. If there is a president to blame it’s Jimmuh crapper.
The nerve.
Jimmy the Pot is still looking to erase memory of his disastrous economy. (meet Kettle)
And our economy under Carter was what......in the tank? Will this guy ever go away?
And why doesn’t anybody know that the democrat majority congress spent one trillion dollars so far this year?
History might not be that favorable to Bush as a President, but when comparing him to Carter, he’ll look great as does any former President.
Carter who?......
Isn’t he the one who signed the Community Re-investment Act?!
Was this before or after his rant about the orderly hiding his World Fair spoon?
Hey Jimmy, STFU. Remember the Community Reinvestment Act of 1977? It finally exploded the markets in 2008 and is now turning everyone’s 401k into a 101k.
It’s CARTER’S FAULT!!!
Carter is nothing but a cheap shot hack for the loser dems. He is the most pathetic former President I have ever read about or witnessed. The man has these pseudo Christian values and continues to fool the gullible and naiive. Since 1976 I have been wishing, why doesn’t he just go away?
As bad as things are today, I’m glad it’s not as bad as it was under “Clueless Carter!”
The CARTER legacy (expanded under Clinton) keeps on giving:
http://en.wikipedia.org/wiki/Community_Reinvestment_Act
Bill Clinton Agrees That Democrats Caused Financial Crisis
http://www.youtube.com/watch?v=XsynspIqAoE
ACORN - Obama & the CRA
http://hotair.com/archives/2008/09/30/video-stanley-kurtz-on-obama-acorn-and-the-cra/
Obama Sued Citibank Under CRA to Force it to Make Bad Loans
http://www.mediacircus.com/2008/10/obama-sued-citibank-under-cra-to-force-it-to-make-bad-loans/
This is the same gu who when he left office had double digit unemployment. Double digit interest rates and double digit inflation. Lest we not forget the gas lines and I could go on and on. Carter will go in history as the absolute worst President of the 20th Century and that includes Hoover, Harding and Collidge. By the way, going abroad and bashing a sitting President is another reason why he is also the worst Ex- President.
Go away, Jimm-uh.
As usual, the more a dumble criticizes, the guiltier he is of the criticized action. Jimmah must think his “legacy” in the mind of the mentally lame and halt is in some jeopardy.
He travels the world to assure elections are free and fair.
But not a peep about the rampant voter fraud perpetrated in the U.S.
He’s a traveling one man band for global socialism....
I'm upset. I meant to say Why doesn't anybody know that the democrats added one trillion to our national debt so far this year.
Does the “Community Reinvestment Act” have anything to do with this, Mr. President?
In who’s term was that enacted?
Yep, Jimmah = CRA (Carter Raped America)
Today is relentless bad news on all fronts. The only positive is that Putin has a tiger cub for a pet. We can only hope the tiger get hungry.
Jimmy Carter, I know the 70’s. I lived in the 70’s. I survived the 70’s.
Jimmy Carter, this is no 70’s.
Demonstrating that among other negative attributes he’s just a political hack vs a statesman.
These treasonous liberals and their democratic cohorts have consistently shown that their socialist agenda trumps patriotism. Here we have a former POTUS albeit a failure, speaking against the United States of America and doing it in another Country. This clearly shows that this man is a traitor and places his party and his ideology ahead of the Country. The real tragedy is that Bush doesn’t have the juice to hold these traitors responsible. America wants to see a “perp walk” now!
Hey Jimmah, somebody let you out of the institution again without your meds?
This traitor of the American people thinks his opinion counts?? He should be ashamed of himself! And I feel for his poor family that has to live in his shadow. He was a joke then and he is a joke now.
Carter is a mountain sized pot calling Bush’s kettle black.
That’s like DMX calling Bryant Gumbel a thug.
President Peanut Brain is a despicable liar.
Four more months and I will finally own the equipment I bought at Jimmy’s twenty-friggin-three per cent interest rates.
Go back and lust over your farm animals Jimmy or just come up with another plan to free the hostages.
In other words just shut the f*ck up.
the Carter years were plagued with continuing economic crises, the worst of them concentrated in the final year in office.
The word that comes to mind in describing economic events in 1980 is “bizarre.” The inflation rate soared to the highest level since the early 1950s. Charles Schultze, Carter’s chief economic adviser, reported to the president that the inflation rate in January and February was in the 18 to 20 percent range.[12] Unemployment rose, cresting at just under 8 percent in mid-summer
the sense of crisis was signaled most dramatically by the behavior of financial markets. Interest rates rose in January to their highest level since World War II. Indeed, the yield on long-term Treasury securities moved above 11 percent for the first time in history. Rates even exceeded “the extreme levels set during the Civil War, when a viable market for long-term Treasuries simply didn’t exist.”
Charles Schultze cited the powerful restraining effect in a memorandum to the president in early April. “A builder now starting a house must pay, typically, over 20 percent for a construction loan, and at the end find a buyer willing both to pay the extra price and to assume a 15 to 16 percent mortgage. The typical business firm . . . must pay 19 to 20 percent interest to carry inventories or to meet other working capital needs. Reg Jones [head of General Electric] told me that just in the past week, those GE dealers who must finance themselves (as opposed to getting GE financing) have virtually stopped ordering.”
The Wall Street Journal reported in late February an estimate by Morgan Stanley and Company: “a staggering $400 billion in paper losses on bondholdings.” The same late-February issue of the Journal also reported that a drop in the price of Treasury bonds maturing in the year 2009, “with a face value of $2 billion—in public hands—has saddled holders with $365 million in paper losses.” IBM long-term bonds issued in October 1979 had a capital loss of 25 percent by late February 1980. Al McDonald, White House deputy chief of staff, reported to Carter in early February on meetings he attended with groups of business leaders. “The bond market is ‘near chaos’ they claim. Major investment houses,” he wrote to the president, “have been shifting heavily out of bonds over the last few weeks.” A Wall Street Journal reporter also gives some feeling for the mood of the market. “In the executive offices of most securities firms, the atmosphere of apprehension and gloom is as thick as the carpets. After asking his secretary to hold all telephone calls so he can chat without interruption with a reporter, a senior officer of a major bond-trading house manages to stay calm only about 30 minutes, then, tensing up, he bolts for the trading room. ‘I have to see how much money we’ve lost while we were talking. The way things are going, it could easily be $2 million or $3 million.’
http://uncpress.unc.edu/browse/page/218
Ah, the President who originally signed the Community Reinvestment Act speaks!
Memo to Jimmah: As usual, YOU are at the root of the problem.
I’m old enough to remember what it was like to live under a Carter presidency and it wasn’t pretty. My income tripled and my standard of living plummeted. Interest rates were in double-digits.
Taxes were not indexed to inflation, so every time you got a raise, only half of it would show up in your paycheck as you were bumped into ever-higher tax brackets. This in turn created an incentive for the gov’t to foster inflation, because it increased taxes w/o having to pass legislation to do so.
Then there was the Iran hostage humiliation. Carter’s obvious incompetence encouraged the mullahs to embrace the ‘students’ who took over the embassy when they were quite prepared to abandon them if they saw any hint of consequences.
Carter learned foreign policy on-the-job at our expense and that is precisely what Obama promises to do also.
When will this planet be rid of this senile lampoon-of-a-human being?
Jimmy, I’d actually like to go build a Habitat house with you. Here’s the plan: you work on the inside of the house, and I’ll work on the outside. Mmkay? Alright, let’s get started.
Oh, hey, what’s this? I forgot to order any doors and windows. Oh, well, I don’t need those. No, Jimmy, nothing’s wrong. Just keep working on that plumbing and insulation while I get this roof finished up. What’s that? How are you gonna get out? Hmm.. Well, you’ve planned rescue operations before, right; I’m sure you’ll be fine.
the mouth of the south speaks yet again....carter should keep his pie hole shut after his 4 years of embaressment....
In a way I actually dread that day -- the Carter Presidential funeral might be the most nauseating ceremony in our nation's history.
Two more numbers come to mind. 52 hostages and 444 days in captivity. Thanks Jimmah.
Bush isn't directly responsible for the current stock market crisis. There is plenty of blame to be spread around starting with Democrats in Congress and WallSt investment bankers turned robber barons.
OTOH. Carter was directly responsible for the economic crisis during his Presidency and the severe recession that immediately followed.
Btw, Obama just loves Carter and his “emphasis on human rights” and “moral concerns”. HA
Not me.
I have a plan involving a wait in a line, a bottle, and some human watery waste products.
I was in the Navy under carter....how about planes without fuel or spare parts? military personnel on food stamps? no ammunition for the weapons? christ, he stripped the military so badly, they could not come up with decent equipement to try and rescue the hostages with....never again, NEVER AGAIN....
Worst president ever. It bears repeating everytime someone bothers to record his blatherings.
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