Hey, Democrats, STOP blaming BUSH! YOU caused the economic crash - See more

mikey2573
Broadway Star
joined:12/28/10
Budget deficits? I am talking about the crash of hte housing market, which was the primary (but not the only) cause of the economic meltdown in 2008.
And Romantico, you really need to go and play on a playground with kids of your mental capacity. All you do is come on here and and post personal attacks; calling someone liar, a racist or a bad composer/lyricist does not have ANYTHING to do with the arguments being posted here. If you no facts to offer in contradiction, then go bakc into your hole and stay there. You really DO look asinine posting all your name-calling, hateful, childish, "nanna-nann-boo-boo" type posts. What an utter ignorant LOSER you are.
Wynbish
Broadway Legend
joined:4/27/12
"I'm gonna call you names, since you are a name-calling loser and at least I am above that! Nyah nyah!"

Yeah. So much sense that makes.
TheatreDiva90016
Broadway Legend
joined:4/10/04
"Holy CRAP, Henrik!! Where the HELL did YOU come from?? Someone who comes onto this board, responds to the SUBSTANCE of someone's posts, and does it without childish name calling?"

I love that mikey is excited to have someone that doesn't call him names, but then he turns around and calls people names.

"You really DO look asinine posting all your name-calling, hateful, childish, "nanna-nann-boo-boo" type posts. What an utter ignorant LOSER you are."

But then mikey doesn't even believe himeself:
"Of course I am not really blaming Obama for the entire housing crash."



"TheatreDiva90016 - another good reason to frequent these boards less."<<>> I hesitate to give this line of discussion the validation it so desperately craves by perpetuating it, but the light from logic is getting further and further away with your every successive post. <<>> -whatever2
JoeKv99
Broadway Legend
joined:12/27/04
God knows I love a good political argument but it's like playing football with you moving the goalposts- and moving the game to another stadium from time to time.

But I have to respond to your "evidence" that Citibank didn't make decisions based on race? Yeah and John Wayne Gacy had "evidence" that someone else put those dead boys in his crawl space. Do you really NOT understand how a trial works?
No good can possibly come from using this vast wasteland of error and deliberate deceit. You should get off of it and warn others away. You should make sure your children and grandchildren know what a corrupt and morally bankrupt institution it truly is.
Yawper
Broadway Legend
joined:9/13/04
high income people can also be "subprime" credit risks

the economic downturn started well before 2008 - even before 9/11/2001

Reagan started it, Clinton accelerated it, GW Bush didn't care to address it because a big part of it is the redistribution and consolidation of wealth away from the middle class to a relatively small group at the top
SNAFU
Broadway Legend
joined:4/20/04
SUB PRIME was just a fraction of Reaganomics.... the ideology that got us here. No matter who accelerated it, or didn't care to address it. Romney seems to want to RETURN to it!
Those Blocked: SueStorm. N2N Nate. Good riddence to stupid! Rad-Z, shill begone!
Yawper
Broadway Legend
joined:9/13/04
Return to it? It's never ended. Slowed maybe, but not ended.
mikey2573
Broadway Star
joined:12/28/10
"Reagan started it, Clinton accelerated it, GW Bush didn't care to address it"

The bush adminstration in 4/2001 raised red flags, the 2002 budget requests declares Fannie Mae and Freddie Mac
"Potential problem.. and can cause strong repercussions in the financial markets"

In 2003 the White House upgraded the warning to a systemic risk that could spread beyond the housing sector.
John Snow Treasury Secretary called for Regulations & Supervision of GSE's.
Barney Frank (D-MA) denied there was any problem " Fannie Mac & Freddie Mare are not in Crisis"
Encouraging the government to do more to get low income families into homes, Ultimately blocking the regulation.

Allan Greenspan , 2/17/2005 spoke about the dangers of Fannie Mae & Freddie Mac "enabling these institutions to
increase in size -and they will once the crisis in their judgement passes-we are placing the total financial system of
the future at a substantial risk

Charles Schumer (D-NY) 4/6/2005 ..."I think Fannie & Freddie have done an incredibly good job, and are an intristic
part of making america the best housed people in the world....if you look over the last 20 or whatever yrs. Theyve
done a very, very good job.

McCain (R-AZ) 5/25/2006 "For years I have been concerned about the regulatory structure that governs Fannie Mae & Freddie Mac...
and there sheer magnitude of these companies and the role they play in the housing market...the GSE's need to be reformed without delay."
That bill ( FEDERAL HOUSING ENTERPRISE REGULATORY REFORM ACT) made it out of the senate banking committee with a party line vote; all the democrats voted against it.

SURPRISE, SURPRISE!! Senator Obama did not weigh in on the bill

Updated On: 10/2/12 at 09:30 PM
mikey2573
Broadway Star
joined:12/28/10
Only the IGNORANT can "Blame Bush" Part 3 (in 3D!)
Here is Housing and Urban Development Secretary Andrew Cuomo (currently governor of NY) pushing for sub-prime mortgages, basically claiming (as did B. Obama, ACORN and others) that these banks were "racist" for not giving mortgages out to people who COULD NOT AFFORD THEM!


http://www.youtube.com/watch?v=G5uR953Sr3A
winston89
Broadway Legend
joined:6/18/06
So, let me get this right. You call us names, and call us ignorant. And, at the same time yell at us for calling you names? You do realize that that's kinda hypocritical, right?
"If you try to shag my husband while I am still alive, I will shove the art of motorcycle maintenance up your rancid little Cu**. That's a good dear" Tom Stoppard's Rock N Roll
Yawper
Broadway Legend
joined:9/13/04
mikey - housing is not what caused the crash. The housing crash is merely a symptom of the real problems.

Updated On: 10/7/12 at 04:20 PM
mikey2573
Broadway Star
joined:12/28/10
When have I called you names? When have I called you ignorant?
winston89
Broadway Legend
joined:6/18/06
I never said me personally. I was talking about the other users posting on this thread.
"If you try to shag my husband while I am still alive, I will shove the art of motorcycle maintenance up your rancid little Cu**. That's a good dear" Tom Stoppard's Rock N Roll
Jungle Red
Broadway Legend
joined:8/13/12
Posted on: 10/7/12 at 11:47am

"Only the IGNORANT can "Blame Bush" Part 3"

Capitalization is yours, Mikey.
"Bill Clinton is the ultimate whore! He stole Madonna's crown." -Jim Colyer, on 10/29/2012
Jim Colyer
Broadway Star
joined:12/16/04
Paul Ryan will make mincemeat of Joe Biden.
mikey2573
Broadway Star
joined:12/28/10
But I am not calling YOU ignorant because I know that you have not disagreed with my posts regarding the housing crisis. If you did disagree I am sure you would offer substantial evidence to PROVE ME WRONG!
fingerlakessinger
Broadway Legend
joined:11/18/10
I love how Jim only pipes up to say how one of his morons will "slaughter" their opponent. Such enlightenment he brings to the boards.
"Life in theater is give and take...but you need to be ready to give more then you take..."
CarlosAlberto
Broadway Legend
joined:6/29/10
I thought it was Anti-Troll week, so why so many responses to the original poster?

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