Democrats in power, economy in the toilet

Originally posted by Scriabin
my spouse has worked in the mortgage policy business as a government relations and regulatory expert for 35 years.

she spent most of this time working for the mortgage bankers assn., freddie mac, a few private investment banks, then America's Community Bankers Assn., then American Bankers Assn.

She has for the last 18 months been writing speeches and ...[text shortened]... ht to know just a little about that which they post before making an utter ass of themselves

Furthermore, the roots of this problem go much much further back and there is no one on either side of the aisle in Congress or any Administration in the last 30 years that has not a significant part of the blame here.

Exactly. There is no way the crisis developed in a short period of just ten months, or that it was somehow the democrats' fault.

Originally posted by generalissimo
Do you think the crisis developed in just 10 months?

It was going on for more than a year.

According to Dubya, it's been going on since he took office.

Originally posted by AThousandYoung
According to Dubya, it's been going on since he took office.

well, that is wrong.

And even if that had been true, there's no way it could have been the democrats' fault.

Originally posted by Scriabin
one has naught to do with the other -- explain how a financial disaster more than 8 years in the making has anything to do with a short-term change in the majorities in the congress?

it shows how little you know of current events, of economics, of politics, why, of just about everything

tell me, explain why its merely a coincidence that all this globa ...[text shortened]... nonsense started just about the time the last manned moon mission took place?

how about that?

boy you got me scratching my head on that one. man- made global warming and moon landings. what on earth do they have in common or for that matter the topic at hand? are you saying one caused the other? or perhaps they were fake? because one of the two is.

Originally posted by utherpendragon
boy you got me scratching my head on that one. man- made global warming and moon landings. what on earth do they have in common or for that matter the topic at hand? are you saying one caused the other? or perhaps they were fake? because one of the two is.

not following too well I see

I was making a completely false comparison, ascribing one thing to another that simply stated only a nitwit would consider in the least related proximately to cause and effect.

Which is to say, I compared the nitwit OP with this nitwit lunar, or looney, comparison.

I've actually heard a person make this nonsensical comparison, also alleging that the astronauts having left footprints on the moon "caused" tidal disruptions and inland flooding on Earth.

You were supposed to scratch your head

Originally posted by generalissimo
well, that is wrong.

And even if that had been true, there's no way it could have been the democrats' fault.

by now the popular wisdom has changed.

I would not be surprised if a broad cross-section of the US population today had significantly shifted their attitude toward the amount of mortage debt and consumer debt they felt it was acceptable to carry.

It has been a long standing popular idea that what now must be recognized as an excessive individual family debt load used to be considered quite ok.

One can tell that just from the number of 6500 sq ft homes standing empty and for sale in my neighborhood.

Originally posted by zeeblebot
for those who can't be bothered to click on the graph, the Dow Jones peaked around Oct. 2007, 10 months after the Democrats took power, and has been tumbling ever since.

Post hoc ergo propter hoc, eh z?

But thanks for trying to step into dsr's shoes. They are big shoes...

Originally posted by Scriabin
not following too well I see

I was making a completely false comparison, ascribing one thing to another that simply stated only a nitwit would consider in the least related proximately to cause and effect.

Which is to say, I compared the nitwit OP with this nitwit lunar, or looney, comparison.

I've actually heard a person make this nonsensical comp ...[text shortened]... ed" tidal disruptions and inland flooding on Earth.

You were supposed to scratch your head

gottcha! thanks for clearing that up. I think i need more coffee 🙂

Originally posted by zeeblebot
that's your first thought, now try to explain why it's merely a coincidence that the Democrats took power 10 months before the stock market tanked.

so by that logic the gop were *responsible* for 911 because it happened 8 months into their watch, right???

Originally posted by zeeblebot
http://en.wikipedia.org/wiki/Harry_Reid

24th United States Senate Majority Leader
Assumed office
January 4, 2007

http://en.wikipedia.org/wiki/Nancy_pelosi

60th Speaker of the United States House of Representatives
Assumed office
January 4, 2007

http://en.wikipedia.org/wiki/File:Finance-dowjones-chart1.jpg

Dow Jones Industrial Average Jan 2006- Nov 2008

There is some truth in blaming the Democrats, however, the blame should be shared equally with the Republicans for turning a blind eye to the developing crisis. A few people tried to blow the whistle, but were ignored. Unfortunately for the Republicans, there was a Republican in the White House when it all went down so naturally it was his fault. LOL. That's just how stupid the average voter is I'm afraid and if you looked at the numbers before the crisis, McCain was in the lead. It really took the crisis and a perfect storm for Obama to get elected.

Now if you want to have a bit of fun, look on Youtube for an exchange between Barney Frank and Bill Orielly. It is part of what I am talking about. After all, it was he who was overseeing Fanny Mae and company.

Originally posted by zeeblebot
http://en.wikipedia.org/wiki/Harry_Reid

24th United States Senate Majority Leader
Assumed office
January 4, 2007

http://en.wikipedia.org/wiki/Nancy_pelosi

60th Speaker of the United States House of Representatives
Assumed office
January 4, 2007

http://en.wikipedia.org/wiki/File:Finance-dowjones-chart1.jpg

Dow Jones Industrial Average Jan 2006- Nov 2008

Oh...But Bush and Co. did a bang- up job...didn't they?? NOT!!🙄

Originally posted by zeeblebot
Democrats in power, economy in the toilet

Wow!
Glad to see you made it off the sunshine bus to your pc.