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To: sickoflibs
I know that there have been numerous CNBC types who predicted bad things down the road for the last year and a half.....Gary Kochbaum from radio talked about commodities hitting their peak just before two Octobers ago, when the market started to slide.....

so there were people that knew we had a bad situation....

I also remember that there was that "special" closed meeting of Congress, and they talked about a "coming" financial crash...

could it be that the US has been threatened before?....that the possibility of this happening was forecast?....that Bush was resigned to it?....that zero knew all about the threats because he was in on it?....

zero got elected because of it....ONLY because of it....

McPalin were ahead at the time....surging....

nothing happens in a vaccum..

14 posted on 09/01/2009 11:29:39 PM PDT by cherry
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To: cherry; unspun; STARWISE; socialismisinsidious; rabscuttle385
RE :”I know that there have been numerous CNBC types who predicted bad things down the road for the last year and a half.....Gary Kochbaum from radio talked about commodities hitting their peak just before two Octobers ago, when the market started to slide.....so there were people that knew we had a bad situation

I remember in Fall 2005 talking to coworkers about a coming real estate crash just because of how fast it went up. What we didn't realize was how the housing bubble was being funded on insured bonds sold overseas. Greenspan's role with interest rates were an obvious cause too. So it was not obvious that a housing crash would take down the stock market and commodities.

McCain had an uphill Battle to begin with given GWB unpopularity but the final crash 2008 (started Sept 2007) killed his chances.

The key problem was that there was no economic growth under Bush (it was all a big lie.) It was debt based consumption and speculation(prices to earnings was huge) , as soon as credit dried up, so did consumption and speculation. Conservatives want a black and white story where republicans are good and democrats are evil, where democrats hurt us , and republicans save us. Well good luck wishing for republicans to be the saviors.

15 posted on 09/02/2009 5:00:30 AM PDT by sickoflibs (Socialist Conservatives: "'Big government is free because tax cuts pay for it'")
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