what you get for $850 billion

[maladroit]

a 30 point gain in the dow jones index

maladroit Reviewed by maladroit on 10-03-2008. what you get for $850 billion a 30 point gain in the dow jones index Rating: 5

[maladroit]

oops! make that a 10 point loss

[Psycho4Bud]

This bail out had to pass through the President, Congress and Senate...seems that the dems control 2 out of 3. Nice job!:thumbsup:

Have a good one!:s4:

[maladroit]

ACK! now it's down 160 points even though they just got a $700 billion wedding gift...congress should file for an annulment!!

damn those democrats for passing president bush's plan for saving the economy that he screwed up...dem dum dems have been enabling bush on almost every fuckup...the republican proposal to get private financing for the bailout made a lot more sense

the dow jones is now at the same level it was back in april 1999...if john mccain wins the next election, i am gonna dig my wide leg jeans and platform shoes out of the back of the closet

[BeefsMyFav]

its not the republicans fault....The Dems are the ones that pushed these companies to make the bad loans... this has been going on since 95...

[maladroit]

it is george bush's fault

january 2002: state of the union speech, george bush promises "broader home ownership, especially among minorities"
President Delivers State of the Union Address


june 2002: george bush announces plans to expand home ownership among low income families by 5.5 million, and "increase by at least $440 billion, the financial commitment made by the government sponsored enterprises involved in the secondary mortgage market, specifically targeted toward the minority market" DESPITE the fact that "overall homeownership rate has reached an all time high of nearly 68 percent"
Fact Sheet: President Bush Calls for Expanding Opportunities to Homeownership


june 2002: credit unions respond positively to george bush's "America's Homeownership Challenge" to issue more mortgages to low income buyers
Dollar urges CUs to play a prominent role in Bush's "America's Homeownership Challenge" - Credit Union Times


october 2002; george bush hosts conference on minority home ownership with top financial institutions:
President Hosts Conference on Minority Homeownership
YouTube - economic crisis president bush mortgage speech


in 2004, george bush seeks to increase home ownership rates by eliminating downpayment requirements for mortgages, targetting "first-time buyers with somewhat impaired credit":
USATODAY.com - Bush seeks to increase minority homeownership


september 2004: george bush announces plans to expand 'affordable' home ownership by 7 million with a series of policies targetting towards low income buyers:
Increasing Affordable Housing and Expanding Homeownership


april 2005, george bush's former neighbour and personal friend, HUD secretary alphonzo jackson, partners up with bush's treasury secretary to announce the bush administration's position that freddie and fannie need to catch up to the private sector in issuing mortgages to low income and minority customers:
HUD Testimony - Statement of HUD Secretary Alphonso Jackson, before the U.S. House Committee on Financial Services, 4/13/05


february 2006: bush administration 2007 budget reforms FHA to support low income home buyers "The President's proposed budget is a real investment in building a society based on ownership"
HUD News Release 06-013


how the bush administration HUD mortgage policy fuelled the subprime crisis:
How HUD Mortgage Policy Fed The Crisis - washingtonpost.com


the governor of new york explains how the bush administration stopped state governments from regulating predatory lending:
Eliot Spitzer - Predatory Lenders' Partner in Crime - washingtonpost.com

[BeefsMyFav]

u can post all the links u want but ur dead wrong i cant wait for that moron obama to get in office and fvck things up even worse so you guys might finally see the light.. untill then just continue to overdose on Cnn and get all liberal ass the misinformation you want frankly i dont give a damn. People wont educate themselves on the real cause of all this and its impossible to sit here and debate with yall cause u are just so set in ur own beliefs ur so far left its ridiculous, u cant accept any other viewpoints... this is why i dont ever really post here, when i come here this is what comes to my mind YouTube - Emotional Hippies - Crying Over Dead Trees

[BeefsMyFav]

Heres some links of my own
Democrats caused current financial crisis - notice ur boi Clinton signed a bill to promote low-income home ownership (those who dont qualify for those types of loans bc theyre poor but still live beyond their means)

How The Democrats Caused Our Current Financial Woes | Stuck On Stupid

Heres more on democrats philosophy of just wanting to hand out money to those who dont pursue a higher education and wont get off their asses to work 9/28/2008 - Democrats Caused This Fiscal Mess - And Response - Opinion - Chattanoogan.com

and just one more
Bloomberg News How the Democrats Caused Fred Mac & Fan Mae Crisis - Wellston Forum

see, we can both find all the links we want it takes five seconds....its up to the people to educate themselves.... i suppose ur one that doesnt want to drill her in our own country b/c the beaver might not be able to build its dam?

[BeefsMyFav]

Fact is both candidates suck ass.... its been twelve years of choosing between a douche and a turd sandwich (can we at least agree on that?). We need Ron Paul, hes our man... but then u got too many ultra conservatives and other morons that he just gets shot down right away....we gotta get rid of the two party system its a crock of shyt.... sorry if i come off demeaning or angry i just get sick of reading the same bs over and over again (not just here). K i can turn my rant off now :smokin:

[BeefsMyFav]

heres a good video if u got 11 minutes its got a lame Mccain plug in the end but then again what did u expect

YouTube - Burning Down The House: What Caused Our Economic Crisis?