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To: muawiyah

You are forgetting the money the Fed has dumped into these failed institutions-over a trillion dollars...not all TARP money...it’s a losing proposition to proclaim that the poor people and not Wall Street are to blame...for God sakes do you never want the GOP to win another election?

You have GOP geniuses criticizing extending unemployment benefits...Mark Sanford-Mr. I want to be president-waited until the last hour literally to extend unemployment even though his state is really hit hard with unemployment...Now he’s not sure he needs stimulus money...what a moron. You have the GOP fools loudly proclaiming that we don’t need a stimulus of any sort...most Americans think we do. They just want a good plan. You have Shelby opining that American cars will never be competitive-oops just lost the Mid West swing states including Ohio which no GOP president has ever lost in the 20th century or the 21st century. Now, the brainiacs are defending the bailed out Wall Street banks. Up is down. Stupid is as stupid does.


328 posted on 01/31/2009 7:03:34 PM PST by bronxboy
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To: bronxboy
You have to read the entire post, not just the part you want to read. I blamed the Federal Reserve. They managed to step on every uptick in the stock market for two full years. You can go back through any of the indexes and see exactly where the Fed raised rates or did funny adjustments.

They were "fighting inflation" that wasn't happening ~ oil prices were going up ~

Made it look like insiders at the Fed were trying to manipulate the stock market.

At the same time the Fed was creating millions of bad mortgages.

The poor people who quit paying mortgages were VICTIMS.

331 posted on 01/31/2009 7:09:46 PM PST by muawiyah
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To: bronxboy
Extended unemployment benefits don't help recent college graduates without jobs. We have several million such folks.

I'd prefer a system that helps everyone, not just a select few.

332 posted on 01/31/2009 7:11:29 PM PST by muawiyah
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