Posted on 04/09/2009 5:20:15 AM PDT by curth
It should have been easy for Democrats to connect depleted 401(k) accounts and lost home equity with the buccaneers of Wall Street who supposedly prompted the panic.
The public, after all, has been whipped up in furor at the masters of the universe who bankrupted portfolios as they walked away with multimillion-dollar bonuses. We now hate those on Wall Street as much as we used to like them for bringing spectacular growth to our retirement accounts.
In a recent private meeting with some of the world’s largest bankers, President Obama reportedly railed at them: “My administration is the only thing between you and the pitchforks!”
But not so fast, Mr. President.
The Obama administration, remember, signed the Democratic-sponsored bill to authorize new bailouts for Wall Street firms and mega-bonuses for their executives. And during the Clinton administration, Treasury Secretaries Robert Rubin and Larry Summers — who both later made millions on Wall Street — succeeded in freeing investment banks from federal regulations that eventually led to their reckless gambling with trillions in subprime mortgage debt.
The quasi-government-run Fannie Mae and Freddie Mac mortgage agencies — staffed with ex-Clinton administration cronies — were at Ground Zero of the financial meltdown. Liberals in Congress like Sen. Chris Dodd and Rep. Barney Frank were among the largest recipients of Wall Street money. In the 2008 presidential campaign, most of the big investor money went to Democratic candidate Obama.
Billionaire investors like Warren Buffet and George Soros proved to be among Mr. Obama’s staunchest supporters. Health and Human Services Cabinet-nominee Tom Daschle had to bow out because he skipped paying income taxes on free corporate limousine service. Democrats are clearly no longer the party of dirt farmers in bib overalls and sweaty dockworkers.
(Excerpt) Read more at thebulletin.us ...
Barack Obama’s first eight weeks in office have been severly destructive to this country and the economy,
and he’s just getting warmend up.
The GOP, other than Sarah Palin, has no fight in it. McCain never named the names of the Democrats that raped Fannie Mae and Freddie Mac. They ran a campaign ad showing some pictures of people that the general public had no idea who they were. It continues to this day. Every time the Fraud blames this on Bush, a prominent Republican should be disputing it.
Let me know if you want in or out.
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Please. With you everything is his fault, and you don't mind saying it over and over and over and over and over and over and over and over and over and over and over and over again.
It's really all you do.
Amazing << Hear this. Feel this, and tell me that this isn't music.
Oh, dear...
LOL "Over and over.." Some truth to that but in this case I was pointing out that the public is giving Obama a free pass because they believe this narrative wrt economy that democrats have been selling for years, and that GWB and republicans somewhat played out(ie played along) . You only have to see recent opinion polls that say “Public believes economy will get worse” and “Public blame GWB as #1 at fault for economy” . It is a political reality and all the wishing of yours and others wont make it go away. I wouldnt be as mad if it wasnt selling, hurting capitalism.
Wishing? What gave you that idea?
Amazing << Hear this. Feel this, and tell me that this isn't music.
Oh, dear...
You are of the (republicans)'lesser of two evils' camp. But defending the 'lesser of two evils' as 'good' destroys good.
See: Peter Schiff ("Obama will be more of the same, but worse")
Mmmmmkay... If you say so. Ping some more people, please.
Amazing << Hear this. Feel this, and tell me that this isn't music.
Oh, dear...
Given the demand for guns and ammo these days, I wouldn’t be surprised if there was a run on pitchforks, too.
Can you add JustAmy to your VDH ping list? Thanks.
It was your lesser of two evils rant from the yesterday that explains why I got on your nerves with my Bush related complaint.
Would you like to drive off the cliff at 5 mph (R) or 10 (D)? You won’t vote for 5!? Then it’s your fault that we’re going off the cliff!
I'm so glad you posted that link, and pinged your gang!
If you go and read that post, you will see that it wasn't my "rant". I was responding to what TrueKnightGalahad wrote.
On top of that, you didn't even quote the entire text!
I know you can do better than that.
Amazing << Hear this. Feel this, and tell me that this isn't music.
Oh, dear...
AHHH, The good old 'you are either with us or against us' argument. It sounded great in 2002, not so great now.
Amazing << Hear this. Feel this, and tell me that this isn't music.
Oh, dear...
I know how you feel. I felt misunderstood too here:
http://www.freerepublic.com/focus/bloggers/2225509/posts?page=6#6
“”Is there anyone on this site who is surprised by this? To all of you who sat on your hands to ‘punish’ Republican candidates who were less-than-perfect, and thus delivered us all into the hell of a Dim-controlled WH and Congress,”
I was not among these, I even voted for Judy Topinka for Governor against Blagojevich.
But when you look at what the Bush-Hastert gang did while in power it’s understandable. “We suck somewhat less!” is not great election day rallying cry.
Topinka, ick. Just to the right of the Maine twins.
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