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Posted by: BB64 8 months, 2 weeks ago
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BB648 months, 2 weeks ago
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Klarissa,
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You can't claim the 2 years of failed promises are a DNC fault. The DNC is great at protesting and making noise but when they actually get into power, they have no clue what to do. It's a party of community activists, left wing Marxists, deadbeat ambulance chasing lawyers, failed business people, poor little rich boys and party hacks. Again, just because they were in charge doesn't mean they were qualified to run anything. This is the same group of people attacking the auto industry for bad management as they're taking another loan from the Chinese.
Hopefully all of the union guys that used to have jobs and vote Democrat remember, they lost their jobs, homes, and cars while their candidates were running things. The GOP is blameless for this totally.-
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Hhussk8 months, 2 weeks ago
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You can't claim the 2 years of failed promises are a DNC fault.
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I'd have to disagree. On the eve of their succession, they promised to keep Bush in check on the War in Iraq, and fix our economy. One of their first noted legislative endeavors was to increase minimum wages.
Well, that didn't go so well. If you look at then...and compare it to now...you'll see that democrats and liberals in charge of the coinpurse do not make for good economy.
The GOP has blame, in so much that they weren't conservative during their terms.-
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NoWayMan8 months, 2 weeks ago
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the GOP instigated a RECORD NUMBER OF FILIBUSTERS to stop the will of the people over the last two years of Bush's presidency.
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the dems simply didn't have the numbers to override.
that's what happened.
so YES, it is the reublicans' fault.-
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BB648 months, 2 weeks ago
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Wow, you're right. It's the GOP's fault Franks and Dodd failed to do their job while in charge of the banking committees. I remember that meeting where both men claimed it was all Bush's fault, especially claiming that red lining prevented people that couldn't afford a home not the fact that they didn't make enough money. I think Bush even held a gun to their heads.... Give me a break. For the 2 years you guys were in control, you managed to put a few non-binding resolutions together and Nancy went to Syria playing Secretary of State. Oh, you did have the guy from Louisiana caught with $200K in a refrigerator but that was tossed out of court. The DNC could have shut down all funding for the war but they didn't. They could have tried to impeach Bush it's pretty clear there wasn't a crime committed. If there was he would have been impeached. Again, the DNC is a bunch of windbags with no credibility. With your messiah Obama, Queen Nancy and the court jester Reid, it's clear the mid terms will be a crushing red victory for the GOP.
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libsRfunnyComment removed: Hard Banned4 Replies
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NoWayMan8 months, 2 weeks ago
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it sems you're bent on blaming Dodd and Frank for inaction and have completely forgotten just who got us into this huge mess in the first place (wasn't Frank and Dodd btw, since neither of them chaired their committees until 2007. in fact, republicans charied both committees before Frank and Dodd took over)
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you're also obviously more than willing to ignore the record number of filibusters instigated by the GOP in the last two years, which essentially killed everything that made its way to the floor.
but if you really want to place blame, if you really want to trace these problems back to where they were created...
The Gramm-Leach-Bliley Act of 1999 (vehemently opposed by Frank, btw) removed the wall between commercial and investment banks that had been instituted by the Glass-Steagall Act of 1933. This wall was put in place after the Great Depression to protect us from the dubious financial intstruments at the heart of today's financial mess.
who was the main instigator in the drive to change these rules?
who was the guy who lead the charge to gut the Glass-Steagall Act?
who was the man who pushed, cajoled and lobbied for mortgage deregulation for almost two decades?
who was the main author of the disastrous Gramm-Leach-Bliley Act of 1999?
PHIL GRAMM. REPUBLICAN.
Once the Act passed, an influx of "megamergers" took place among banks and insurance and securities companies, and the dangerous experiment in deregulation began.
Following this, with Bush as President, Senator Phil Gramm clandestinely slipped a 262-page amendment into the $384 billion omnibus spending bill titled: Commodity Futures Modernization Act.
It is likely that few senators read this bill, if any, since it was slipped in at the very last moment. The essence of the act was the deregulation of derivatives trading.
To make things even worse, this legislation also contained a provision (lobbied for by Enron, a major campaign contributor to Gramm) that exempted energy trading from regulatory oversight.
Basically, it gave way to the Enron debacle and ushered in the new era of unregulated securities.
Interestingly enough, Gramm's wife, Wendy, had been part of the Enron board, and her salary and stock income brought in between $900,000 and $1.8 million to the Gramm household, prior to the passage of the Commodity Futures Modernization Act.
So, if you're looking for bad guys, look no further than...
PHIL GRAMM. REPBUBLICAN.
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