Posted on 04/22/2009 7:00:45 AM PDT by Dick Bachert
(I DON'T CARE IF THIS HAS BEEN POSTED 300 TIMES BEFORE, IT IS NECESSARY THAT WE ALL UNDERSTAND WHO IS RESPONSIBLE FOR THE CURRENT MESS. AND, YES, I MEAN TO SHOUT. I'M MAD AS HELL!! IF YOU'RE NOT ALSO MAD AS HELL, YOU DON'T UNDERSTAND WHERE THIS IS TAKING US AND WHO ORCHESTRATED IT.
BEFORE IT IS PULLED FROM THE CANADIAN SITE, WATCH THIS 4 MINUTE VIDEO TO UNDERSTAND WHY I'M SICK AND TIRED OF OBAMBI MUTTERING THAT HE "INHERITED" THIS MESS. THE MESS HAS ITS ROOTS WITH THE DEMOCRATS GOING ALL THE WAY BACK TO CARTER!! FRANK, DODD, SCHUMER, CARTER, WATERS, ET AL SHOULD BE IN JAIL!!!!!
This video clearly shows that George Bush warned Congress starting in 2001 that this economic crisis was coming if something was not done. But Congress refused to listen, including Barney Frank. This video says it all.
The liberal media reportedly did not want this video on YouTube; it was taken off. This link is of the same video, but is routed through Canada. Everyone in America needs to see this before it is yanked off the Internet again!
Let's see how wide we can spread it before it's pulled off the Canadian site.
(If not in hyperlink format, COPY AND PASTE IT!)
http://www.youtube.com/watch?v=cMnSp4qEXNM&NR=1
In a column on the financial melt-down published around 11/30/08, New York Times columnist Thomas “The Earth is Flat” Friedman treated readers to yet more classic MISinformation so typical of the soon-to-be-bankrupt Times. Could their long history of historical revisionism be the reason they’re in trouble? But that’s a topic for another post.
Friedman portrayed the greedy bankers and Wall Streeters as the villains.
Yes, many of them may have gamed “the system,” bundling this “junk” into “derivatives” even PhDs in economics didn’t understand. (In their defense, many of the bundlers and sellers of this stuff KNEW they were turds. If the fools lining up to buy these turds failed to do their due diligence, was that THEIR problem? It was a textbook example of the Greater Fool Theory.)
But if an INSANE FORCED loan “system” hadn’t been created in the first instance, the gaming would not have even been possible. Friedman conveniently failed to mention that the system was a creature of the 1977 Jimmy Carter sponsored “Community Reinvestment Act.”
Allegedly designed to make the American Dream of home ownership available to all, it was expanded in the Clinton years to include even those with virtually no prospect of repaying. Lenders who refused to “get with the program” were threatened with loss of their charters. They were assured by the feds that their risk would be mitigated – or eliminated -- by Fannie or Freddie and the (LOL) FULL FAITH AND CREDIT OF THE UNITED STATES. That’d be OUR GRANDKIDS AND GREAT-GRANDKIDS, FOLKS!
Until it unraveled, it was a brilliant Democrat vote-buying scheme.
And as it unraveled, Barney Frank, Chris Dodd, Maxine Waters, et al weren’t content to stand silently by and watch: They were the head CHEERLEADERS for the failing, soon to be bankrupt philosophy and agencies that triggered the current world-wide economic melt-down! These clowns are either too stupid to hold public office or the new poster boys for UNINTENDED CONSEQUENCES.
THEN AGAIN, GIVEN THE LONG QUESTED FOR LIBERAL EXPANSION OF POWER AND GOVERNMENT, ANYONE ELSE BELIEVE THEY WEREN'T SO UNINTENDED?
For all the pain they have caused with their idiocy, these alleged “leaders” should be hauled into a courtroom and tried. If found guilty, I think public hangings are in order.
Unfortunately, like those before them who created the failing Social Security Ponzi scheme, these alleged “leaders” will be in their graves after living very comfortably on generous taxpayer funded pensions – with the best healthcare OUR money can buy for them. Who says incompetence and stupidity don’t pay?
You see, the financial mess Obama “INHERITED” WAS CREATED BY HIS DEMOCRAT BUDS OVER 30 YEARS AGO! And, yes, a number of Pubbies played a role. I must also mention that SOME Pubbies TRIED to point out that the Dems were building a house of cards. Nobody was listening. Now that it’s too late, we’re ALL listening, aren’t we?
And that begs the question “Will we be listening when the flags go up on the NEXT idiotic vote-buying scheme?” Trust me, it’s being devised right before our eyes! And, no, we will almost certainly do nothing to stop it.
Bin Laden and his ilk have long sought to bring this country down economically. With that job now done by Frank, Dodd, Waters, Reid, Carter, Clinton, et al, the Islamofascists can now devote themselves to full time bomb building.
And for those who think I exaggerate, here is some of the rare wisdom offered by a former President (with whom I have many problems but at least got THIS part right):
“At what point shall we expect the approach of danger? By what means shall we fortify against it? Shall we expect some transatlantic giant to step the ocean and crush us at one blow? Never! All the armies of Europe, Asia and Africa combined with all the treasure of the earth (our own excepted) in their military chest, with a Bonaparte for a commander, could not take a drink from the Ohio or make a track on the Blue Ridge in a trial of a thousand years.
“At what point, then, is the approach of danger to be expected? I answer, if it ever reach us it must spring up amongst us; it cannot come from abroad. If destruction be our lot we must ourselves be its author and finisher. As a nation of freemen, we must live through all time, or die by suicide.”
Abraham Lincoln, 1837
Wise words from the father of modern non-violent resistance: "Among the many misdeeds of the British rule in India, history will look upon the Act depriving a whole nation of arms as the blackest." --Mahatma Gandhi, An Autobiography, p. 446
/shrug
What was it Citi or BofA’s CFO said in thier conference call the other day? CRA loans were 7% of the portfolio but accounted for 24% of their losses. That’s what they already wrote off, it’s not counting what’s in default
Where else are you preaching this besides to the choir?
What Video?? LOL...
It looks like you’re redirecting us to a SPAM website, instead of what you’re talking about... Hmmmm...
This is the SPAM website that you have directed us to in your link for the posting...
I know this. I did my own research. But...the liberals I talk with when I point this out just shut down their brains.
It is important to them that it is BUSH’s fault. Truth never matters to a liberal.
“THROW THESE IDIOTS OUT IN 2010-IF WE STILL EVEN HAVE ELECTIONS THEN!”
These “idiots” are nothing but a reflection of the people who elected them. (unfortunately)
IMHO
Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown
Link:http://www.youtube.com/watch?v=cMnSp4qEXNM&NR=1
Then the Admin Moderator needs to correct the link that we’re “redirected” to... because it does not go there...
If you pulled one tenth a stunt like that you’d be in slam so fast it would make your head spin and these creeps not only get off free but are actually deferred to or appointed to ‘investigate’ the problem. Is the world turned upside down?
Well, ripley..., you said — These “idiots” are nothing but a reflection of the people who elected them. (unfortunately)
—
And *that* is the core and underlying problem. No matter what you may say about everything else in the political world — if you don’t solve *this particular problem* — we’ll get nowhere.
This — is — the core problem to solve...
>>>THROW THESE IDIOTS OUT IN 2010
>>>This video clearly shows that George Bush warned Congress starting in 2001 that this economic crisis was coming if something was not done. But Congress refused to listen
And who controlled the Congress in 2001?
While I agree with all that you cite the straw that broke the camel’s back was the price of oil. A whole lot of people were barely living in the margin, living paycheck to paycheck and when the price of oil soared and other prices followed, their lifestyle could no longer be sustained. They maxed out their credit and reality slammed them in the face and they stopped spending with the regularity that they had done before.
then why are you telling me instead of the admin moderator..
btw, don't bother “thanking” me for posting the link to you.
shezzzzzzzzzzzzzzzz....
Good manners ‘round here has gotten to be an endangered species!
Well..., they certainly have for some postings to me, at times... :-)
“Well..., they certainly have for some postings to me, at times... :-)”
WHAT?
I still havent’ heard a “thank you for the link, Kelly” from you!
shezzzzzzzzzzzzzzzz...
Yep. I HATE the fact that the very politicians who had a large part in creating this mess are STILL in power and even pontificating about how WE have to sacrifice to repair it. Absolutly sickening. I now fully understand the visceral underpinnng of events like the Boston Tea Party, US Revolution, French Revolution, tarring and feathering, etc.
Thank you... :-)
You’re welcome
There are some things that should be posted and repeatedly. Not everyone can have their interest piqued to read something until it has brought up enough.
Thanks for the re-post
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