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Thread: Just a little history reminder

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    Senior Member kjrice's Avatar
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    Default Just a little history reminder

    A lot of people are afraid of heights. Not me, I'm afraid of widths.

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    Senior Member Captain Mike D's Avatar
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    Senior Member Matt McKenzie's Avatar
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    Mike,
    Every voter should be required to watch that one.
    Matt McKenzie

    It takes as long as it takes. Sometimes longer.

    "It is better to own a $50,000 dog and have an old truck and crummy equipment than to own $50,000 worth of new equipment and a crummy dog..." EdA

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    Senior Member YardleyLabs's Avatar
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    There were 25 million mortgages issued in 1998. The settlement in question provided for 15000 new mortgages with less than average value. Is that what you think caused the problem?

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    Senior Member road kill's Avatar
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    Quote Originally Posted by YardleyLabs View Post
    There were 25 million mortgages issued in 1998. The settlement in question provided for 15000 new mortgages with less than average value. Is that what you think caused the problem?
    Not at all.......it was those evil bonuses paid to AIG employees!!
    Ask the ACORN bus driver!!
    Stan b & Elvis

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    Senior Member Matt McKenzie's Avatar
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    Quote Originally Posted by YardleyLabs View Post
    There were 25 million mortgages issued in 1998. The settlement in question provided for 15000 new mortgages with less than average value. Is that what you think caused the problem?
    Jeff,
    In my opinion, what caused the problem was politicians in both majority parties putting special interests and party politics ahead of the health of our nation. The left was busy pandering to the unwashed masses by promoting this whole "affordable housing" scam while both sides were pandering to the bankers and anyone else who would make campaign contributions. All the while, the Fed was artificially keeping interest rates low so we could all buy big houses and new cars. The sad fact is that many (not all) of our elected officials are dishonest, unethical and/or incompetent. An even sadder fact is that most of us as individuals have been just as irresponsible if not more with our own personal lives and finances. As my favorite Chicago preacher would say, "America's chickens.... are coming home...... to roost.
    What is even more sad is that as long as they can keep us blaming the other party and excusing the abuses of those on "our side", they can and will continue to ruin this country. That's exactly what they want. That's why they are stoking this class warfare. That's why the Republicans want you to blame it all on Barney Frank and Chris Dodd. The Dems want you to blame Bush and the bankers. They all just want to employ the 9th law of thermodynamics: "heat on somebody else is heat off of me". And we just eat it up like candy. Just look at the circus about the AIG bonuses. What a great distraction that was. Read some of the political blogs from both the right and the left. Listen to the hate in the words of your fellow citizens. Our government has set the country on fire and we're out here fanning the flames.
    At the risk of sounding melodramatic, we as a country need to be very careful about the choices we make and the people we follow. The things that are happening here today are eerily similar to the conditions that led to some very tragic things in other countries.
    Matt McKenzie

    It takes as long as it takes. Sometimes longer.

    "It is better to own a $50,000 dog and have an old truck and crummy equipment than to own $50,000 worth of new equipment and a crummy dog..." EdA

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    Very well put Matt!

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    Senior Member YardleyLabs's Avatar
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    Quote Originally Posted by Hookset View Post
    Jeff,
    In my opinion, what caused the problem was politicians in both majority parties putting special interests and party politics ahead of the health of our nation. The left was busy pandering to the unwashed masses by promoting this whole "affordable housing" scam while both sides were pandering to the bankers and anyone else who would make campaign contributions. All the while, the Fed was artificially keeping interest rates low so we could all buy big houses and new cars. The sad fact is that many (not all) of our elected officials are dishonest, unethical and/or incompetent. An even sadder fact is that most of us as individuals have been just as irresponsible if not more with our own personal lives and finances. As my favorite Chicago preacher would say, "America's chickens.... are coming home...... to roost.
    What is even more sad is that as long as they can keep us blaming the other party and excusing the abuses of those on "our side", they can and will continue to ruin this country. That's exactly what they want. That's why they are stoking this class warfare. That's why the Republicans want you to blame it all on Barney Frank and Chris Dodd. The Dems want you to blame Bush and the bankers. They all just want to employ the 9th law of thermodynamics: "heat on somebody else is heat off of me". And we just eat it up like candy. Just look at the circus about the AIG bonuses. What a great distraction that was. Read some of the political blogs from both the right and the left. Listen to the hate in the words of your fellow citizens. Our government has set the country on fire and we're out here fanning the flames.
    At the risk of sounding melodramatic, we as a country need to be very careful about the choices we make and the people we follow. The things that are happening here today are eerily similar to the conditions that led to some very tragic things in other countries.
    While I think your brush may be too broad in calling all politicians "dishonest, unethical and/or incompetent", I basically agree with everything else you've said -- particularly your observation that partisan rhetoric is primarily designed to keep the electorate from looking too closely at what is being done in their name.

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    Senior Member Richard Halstead's Avatar
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    Quote Originally Posted by YardleyLabs View Post
    While I think your brush may be too broad in calling all politicians "dishonest, unethical and/or incompetent", I basically agree with everything else you've said -- particularly your observation that partisan rhetoric is primarily designed to keep the electorate from looking too closely at what is being done in their name.
    They might have an honest bone in their body, but these honest politicians always use some loophole so they have the appearance of an honest politician.
    cave canem...beware of the dog
    Richard Halstead (halst001 at yahoo.com)

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    Senior Member Kevin Eskam's Avatar
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    Quote Originally Posted by Richard Halstead View Post
    They might have an honest bone in their body, but these honest politicians always use some loophole so they have the appearance of an honest politician.
    Yea the loophole is taking campaign contributions from the same places that they are giving the tarp money too!

    So the lawmakers or 36 of them are actually being funded by the bailout firms!

    I dont know how to put the link on here but it is from MSNBC, and the video was "Are Bailout Bucks Being Bought"


    HMMM, Should they give them back?

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