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View Full Version : Economics Change you can believe in ? Yes, Mr. President, we want the keys back!


ROYC75
08-24-2010, 10:06 AM
Found this comment from a poster within a political story. IMHO, it has a lot of meaning as to where the country really started to go down hill. I know we have already had these discussions in several post, what the heck, it's a slow day here at the office and I need something to do .

Now keep in mind the energy independence issues were started back in the 70's and have never been addressed properly. But it is pretty clear to point back to the time it all stated to unravel.

Sadly, this was not the "CHANGE" America needed. The Democrats started the "CHANGE" before Obama got elected.

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January 3rd, 2007 was the day the Democrats took over the Senate and the Congress. At the time, The DOW Jones closed at 12,621.77 .... The GDP for the previous quarter was 3.5%....Unemployment rate was 4.6%. President Bush's Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB CREATION and taxes were at their lowest rate in 20 years, while tax collections were at near record levels. Until January 2007 America prospered!

Remember the day... January 3rd, 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee.

The economic meltdown that happened 15 months later was in what part of the economy?
BANKING AND FINANCIAL SERVICES!!!

THANK YOU DEMOCRATS for taking us from 13,000 DOW, 3.5 GDP and 4.6% Unemployment... to this CRISIS by (among MANY other things) dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac ! (BTW: Bush asked Congress 17 TIMES to stop Fannie & Freddie - starting in 2001 because it was Financially risky for the US economy):

And who took the THIRD highest pay-off in cash from Fannie Mae AND Freddie Mac???? OBAMA !

And after being paid millions in "contributions", gifts and free vacations from them, who fought against reform of Fannie and Freddie??? OBAMA!

bkkcoh
08-24-2010, 10:20 AM
merely coincidence. totally unrelated

Mile High Mania
08-24-2010, 10:38 AM
Is the data in the original post 100% factual?

bkkcoh
08-24-2010, 10:47 AM
Is the data in the original post 100% factual?

I bet they have all drank water at one time too, we should make drinking water illegal.




I am pretty sure there isn't any way that one can directly describe the cause and effect of the events and the results. Did they have something to do with it, maybe, was it the cause of it? I think that totally depends of the side of the political fence you stand on.

Does the rise in unemployment also coincide with the increase of in minimum wage, some people would be able to argue that too. But that also depends on the side of the fence you are on.

there aren't any easy answers and the congress we have, along with the president doesn't have the guts to take the measures that need to be done. I have know idea what all would have to be done, but I am pretty sure it is a combination of ideas from both sides, but in this political envoronment aren't going to happy.

ROYC75
08-24-2010, 11:37 AM
Is the data in the original post 100% factual?

I dunno Brad ....Kinda goes along with what Rahm said, never let a good crisis go to waste. Was this crisis started to get Obama elected for all of this Hope & Change crap ?

Was it self inflicted to take control of the POTUS ?

The Dems got in the house & senate due to the outcry of the war in Iraq. Was their a bigger picture the next 15 months after they took over ?

Worth discussing .

ROYC75
08-25-2010, 09:09 AM
I bet they have all drank water at one time too, we should make drinking water illegal.




I am pretty sure there isn't any way that one can directly describe the cause and effect of the events and the results. Did they have something to do with it, maybe, was it the cause of it? I think that totally depends of the side of the political fence you stand on.

Does the rise in unemployment also coincide with the increase of in minimum wage, some people would be able to argue that too. But that also depends on the side of the fence you are on.

there aren't any easy answers and the congress we have, along with the president doesn't have the guts to take the measures that need to be done. I have know idea what all would have to be done, but I am pretty sure it is a combination of ideas from both sides, but in this political envoronment aren't going to happy.


Sure their are a lot of variables, but do you not think that Fannie & Freddie caused Wall Street to tumble, which in turn caused the domino effect on everything else ?

But, But, But, Mr. Obama was to save us all. Remember, It was all Bush's fault. Yet we can point back to Jan. 3rd, 2007 and see where things went from stability to fallout. Bush will take the fallout because it ended on his watch. But to think the Democrats had nothing to do with it is just plain lunacy.

talastan
08-25-2010, 10:04 AM
The Dems controlled Congress in 2006; and Congress decides fiscal policy, but don't pay attention to those details......../Lefties :rolleyes: