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Obama the next Jimmy Carter

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Posted

Please let me know when Iraq "hit us".

well being that iraq and al qaeda work together i'd say it was justified.

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Posted

ok dude, first off, your whole story is completely wrong. secondly, you think nationalizing the banks would be GOOD for this country?? the question now is, are you a socialist or are you a communist? you have no idea what youre talking about. the absolute last thing this country needs is the government playing piggy bank with all of our money. that would be a total disaster. oh and for the last time, the banks did not force buyers into bad loans. i dont know where you get this garbage from.

My story is completely wrong, then that's why those pretty much exact words came out of Greenspan's mouth. When he was questioned about the banks and economy. He said that his biggest mistake was believing banks could control themselves and they couldn't.

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Posted

well being that iraq and al qaeda work together i'd say it was justified.

I'm beginning to think you don't have any valid sources for anything and just have a bunch of Bush speeches typed out to reference.

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Posted

how did i just now notice this?

dude youre talking completely out of your ass. Bush had nothing to do with the morgage crisis. the republicans in the senate had been trying to pass legistlation on regulating freddie mac and fannie mae's activity for the past 2 years [there is actually a video on youtube of these hearings]. anyways, being that the democrats had control of the government, their vote outmatched the republican vote, thus no regulations ever being enforced. republicans were aware of all the shady operations, and have been trying to stop it for years. Democrats in congress were, as Obama likes to put it, "trying to offer affordable housing for evey american," thus forcing the banks to make risky and irresponsible loans. You can thank Barney Frank, Franklin Raines and Co. for this mess.

2007 mortgage rate freeze is one mistake. But lets go further back then that. Mild recession in the early 2000's. Lowered the mortgage rate to react to inflation. 2002 Bush's announces a flexible mortgage rate program to entice home buying. in 2002 the Mortgage rate was dropped again by Bush and the FR and stayed extremely low for almost a year This lead to a high increase in Homes being bought. Cheap money and easy borrowing for almost 3 straight years = people who shouldn't own homes/high at risk credit people getting homes from banks = mortgage crises = Bush's plan to freeze mortgage rates = the banks and mortgage companies going broke = the new plan to nationalize banks. Like I said Greenspan (the man who presided over the FR in the largest and longest economic boom in us history said his biggest mistake was thinking that banks could run themselves and limit risk to their shareholders.

So yes bush had a part to play in this, your just too blind to see it.

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Posted

I'm beginning to think you don't have any valid sources for anything and just have a bunch of Bush speeches typed out to reference.

That's what it seems like. Either that or he loves bush.

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Posted

well being that iraq and al qaeda work together i'd say it was justified.

2004 called, they want your pea brain back.

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Posted

2004 called, they want your pea brain back.

They also want the undergarments you are currently wearing.

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Posted

How did you know my exes name was 2004?

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Posted

How did you know my exes name was 2004?

He told everybody.

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Posted

well being that iraq and al qaeda work together i'd say it was justified.

link?

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Posted

link?

Cmon now it's common sense. They're both groups of brown people.

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Posted

He's got you there

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