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venom

Obama the next Jimmy Carter

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First let me say that I agree with you.

But consider this: The entire Iraq war has cost around $700 billion dollars since the beginning, about 6 years.

Yet in the last 5 months we've spent $1.5 trillion on senseless stimuli and corporate bailouts.

What in the world makes our government think that we can prosper or even survive without serious consequences while "paying" for both?

I understand what you are saying completely, and like I have said, I am not sold on this stuff myself -at all.

But what's worse, 700 billion flushed down the toilet in the desert, or twice that being spent here in the US where it might - might - do some economic good for the people paying for it? Also, I certainly hope that the stimulus package does not cost 4000+ American lives to implement.

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Too late now though. They would've saved our country that $787 billion that we dont have.

Are we talking about the 700 billion spent on the bailout or the 700 billion spent on the stimulus bill.

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Well since Bush and the Republicans got behind the bailout, it just cannot be that. Only Obama and Frank have enough control over the government to do evil things.

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Can I start talking about the Cubs yet?

I only put myself on Cub restriction, not you.

But you know it makes me cry every year......so just remember that.

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Does Rush know you are stealing his material?

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Agreed. However, i wouldnt say that making steps towards nationalizing health care, nationalizing of banks, creating a flase "tax cut" (which will take effect in april), the closing of gitmo, and the passing at the nations most expensive [pork] bill in history isnt exactly giving us any reason to think highly of him at the moment. He's been in office for 6 weeks now and he's already trying to reshape our founding governmental principles.

The government has already said that not doing that years ago during bush's term is a reason where in this mess to begin with. They thought banks could control themselves and limit risk to shareholders. With the way things were during Bush's term and everyone thinking an already sinking economy was doing good, banks went out and gave High risk people mortgage loans at high rates. (those people couldn't afford them and bam you have the sunken house market and banks in debt that we have now.) This all started years ago with Consumers over spending. Greenspan noted this, how can you not see that mistake.

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The economy was going to collapse no matter what, bush insured of that with his mortgage rate hikes through his first few years, then by giving the mortgage freeze for people who had defaulted on loans and allowing people to keep there homes with his plan. It didn't work, It was a failure. They knew then if it didn't work that the economy was going to collapse by 2009. Reasons being is because of previous activities by banks. (the banks were giving people with high at risk credit home mortgages, they shouldn't have given to begin with.) (Remember Rates were high because the government was raising them all the time, which led to the defaulting of loans.) Then bush added to the banks mistakes by freezing mortgage rates so the banks couldn't get there money back Greenspan even admitted ( the guy who controlled the economy for nearly 19 years.) he made mistakes (he thought banks could control themselves and limit the risk of collapsing the bank market, They couldn't) Amidst other problems he had to deal with, coupled with the few mistakes he made and the inflation problem the economy collapsing was going to happen. The problem is trying to fix it after it's so far gone.

Added to that is Bush's Frequent tax benefits to the rich and stimulus plans (one back in 2001) that only the wealthy benefited from and you can kinda see why were in this situation. Higher spending on homes with high mortgages and over spending by the American consumer lead to this and it was going to happen no matter what.

Also Bond stocks were at nearly all time low yields in 2005 - 2006 and were a direct outlook on American spending and the home market collapsing because of mistakes made on all accounts. (Greenspan, Banks and Bush all made mistakes that lead directly to the situation that obama has no choice but to clean up.

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.

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We are. That's why we understand that fighting a war in Iraq for "humanitarian reasons" is a lie. There were a lot of other places that needed our help a lot more. They still do. "Operation Iraqi Freedom" my ass.

what are you talking about. they hit us first, what were we supposed to do, just sit back and take it? If all pans out as intended, the world will be a much safer place. i know that may seem like high hopes, but its better to try to make a difference than to not try at all.

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The government has already said that not doing that years ago during bush's term is a reason where in this mess to begin with. They thought banks could control themselves and limit risk to shareholders. With the way things were during Bush's term and everyone thinking an already sinking economy was doing good, banks went out and gave High risk people mortgage loans at high rates. (those people couldn't afford them and bam you have the sunken house market and banks in debt that we have now.) This all started years ago with Consumers over spending. Greenspan noted this, how can you not see that mistake.

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.

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what are you talking about. they hit us first, what were we supposed to do, just sit back and take it? If all pans out as intended, the world will be a much safer place. i know that may seem like high hopes, but its better to try to make a difference than to not try at all.

Please let me know when Iraq "hit us".

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