notice who hasn't commented on this thread yet?
the silence from the right-wing whackos, when they can't defend something, is deafening.
the democrats and republicans were equally at fault.
jesus christ....do some research
everyone knows that the GLB Act was passed OVERWHELMINGLY through the Senate and House with strong bi-partisan support. it passed 90 votes for 8 against and two not voting in the Senate alone
the democrats and republicans were equally at fault.
My mother's husband would like us to believe that irresponsible liberal-inspired prohibitions against redlining forced Fanny and Freddy into steering us into the current financial meltdown.
I think star would like him.
I know this is a large task, but... Somebody, connect the dots for me, please.
How does an ongoing financial crisis triggered by the rise in mortgage delinquencies and foreclosures in the U.S. (and a Senate that aided high risk individuals from receiving loans from private financial companies)... and credit default swaps....
How does all this translate into national panic and plummeting unemployment rates and massive job layoffs?
The unemployment rate for Los Angeles County, for the month of December, 2008, just hit 9.9% -- 1 out of every 10 is unemployed, to say nothing of the under-employed (cut wages, hours).
1 out of every 6 people in Louisiana is accepting Food Stamps.
Are we missing pieces of the puzzle? Doesn't a government that spends a trillion and a half (mostly borrowed) dollars to finance "wars on terror" also contribute to financial instability? Is it solely a housing market meltdown that is causing many states (including my own, California) to declare bankruptcy and demand government assistance from this new stimulus package? (btw, Sarah Palin was in D.C. this weekend lobbying for stimulus dollars for Alaska).
Some smart guy.... please respond with a post connecting the dots so I get an accurate picture of how we got to where we are now (hopefully without cheap political bashing!)
Thanks. Will
P.S. You are still off on the war spending by $700 billion. You're getting closer to the actual number, tho:wink:
Shall we add in the lifetime productivity of the thousands of Americans that needlessly died in Iraq? Or leave it out?
:smile:
I know this is a large task, but... Somebody, connect the dots for me, please.
How does an ongoing financial crisis triggered by the rise in mortgage delinquencies and foreclosures in the U.S. (and a Senate that aided high risk individuals from receiving loans from private financial companies)... and credit default swaps....
How does all this translate into national panic and plummeting unemployment rates and massive job layoffs?
The unemployment rate for Los Angeles County, for the month of December, 2008, just hit 9.9% -- 1 out of every 10 is unemployed, to say nothing of the under-employed (cut wages, hours).
1 out of every 6 people in Louisiana is accepting Food Stamps.
Are we missing pieces of the puzzle? Doesn't a government that spends a trillion and a half (mostly borrowed) dollars to finance "wars on terror" also contribute to financial instability? Is it solely a housing market meltdown that is causing many states (including my own, California) to declare bankruptcy and demand government assistance from this new stimulus package? (btw, Sarah Palin was in D.C. this weekend lobbying for stimulus dollars for Alaska).
Some smart guy.... please respond with a post connecting the dots so I get an accurate picture of how we got to where we are now (hopefully without cheap political bashing!)
Thanks. Will
Are we missing pieces of the puzzle? Doesn't a government that spends a trillion and a half (mostly borrowed) dollars to finance "wars on terror" also contribute to financial instability?
Is it solely a housing market meltdown that is causing many states (including my own, California) to declare bankruptcy and demand government assistance from this new stimulus package? (btw, Sarah Palin was in D.C. this weekend lobbying for stimulus dollars for Alaska).
Some smart guy.... please respond with a post connecting the dots so I get an accurate picture of how we got to where we are now (hopefully without cheap political bashing!)
Had to pull the heartstring card, didn't you?