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To: rabscuttle385
Oh, the market meltdown played its part - but it didn't help that McCain completely misplayed it politically. And that Bush pushed TARP and then compounded the error by turning TARP into pure bailout money, an approach at odds with the legislation that was passed and signed.

But outside the bailout, the GOP lost ground in 2006 due to petty corruption and profilgate spending. And in 2008, McCain was stupid enough to have a pinhead like Phil Gramm as an advisor - one of the men most responsible for the economic crisis (between Gramm-Leach-Bliley and the Commodities Futures Modernization Act) - and who then had the gall to call Americans caught up in the downside to his actions 'whiners'.

IMO both parties have turned their backs on hard-working middle-class and working-class Americans - and the party that can put forward an agenda that lowers taxes, cuts government jobs, fights amnesty and illegal immigration and outsourcing of jobs, gets Wall Street under rational regulatory control, and gets more drilling going - will win. The question is, will the GOP tell its corporatist/spending wing to STFU - they blew it and as long as they keep clamoring to be leading the parade, we're gonna follow Stork down that dead-end alley.

7 posted on 05/03/2009 12:57:25 PM PDT by dirtboy
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To: dirtboy

I agree with everything you said... and I don’t see anyone in government who really gets why the GOP lost the last four years... now we have them all deciding to meddle in PA to oust Toomey because it seems it doesn’t matter what the voters in PA wants, it’s a matter of getting a senator the other 40 remaining GOP senators approve of.


21 posted on 05/03/2009 1:56:18 PM PDT by Arizona Carolyn
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To: dirtboy

—Phil Gramm as an advisor - one of the men most responsible for the economic crisis

Yeah, you lost me when you wiffed out that lefty myth often heard on other websites.
________________________________________________________________________________
While not without controversy, the net effect of Gramm-Leach-Bliley has likely been to alleviate rather than further the current financial crisis.

http://www.heritage.org/Research/Economy/wm2109.cfm
______________________________________________________________________

Meanwhile you manage to avoid mentioning Franks-Dodd-Raines OBAMA-ACORN Fannie Mae nexus which if you were intellectually honest, you would have included to support your “both parties” meme. Tarp wouldn’t have been necessary if Democrats hadn’t been forcing mortgagers to lend to illegal aliens and people in the innercity who don’t understand responsible credit.

I want to see both parties set forth the agenda you describe, but it won’t happen when the crystal truth about the root cause of the ‘mortgage meltdown’ is not hammered.


34 posted on 05/03/2009 4:53:42 PM PDT by sgtyork (The secret of happiness is freedom, and the secret of freedom, courage. Thucydides)
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