Random Conversation 2.0

Damn tdk...after reading that my head hurt

 

I had joined the army in 86 (18 yrs old) so really i wasnt that inrune what was going doing down..but it wasnt pretty. Hell when music was actually saying something.....you had all kinds of songs talking about the economy.

Just to get a smell via music

Grandmaster flash the message

Simply red money too tight to mention

-------------;;------

It was a foul time. Race relations was at a crossroads...white and blacks really just started going to school together in masses.

 

I stand corrected. 50% China and 50% Japan.

We're trillions of dollars in debt, where is the propaganda?

 

In my rocking chair speaking to tdk...

"Welllllllll baaaack in the day
Things were fucked under both.....reagan wasnot that big tuff guy the gop made him out to be. If obama did the samething reagan did he woyld have been the spawn of satan

If i remember....the one thing he did do right was lower taxes on business but he spent money like a drunken sailor"

 

Can we please please please stop placing the blame on the recession squarely on W's shoulders?

He is NOT, and I repeat NOT, the only one to blame. Your boy Clinton had quite a bit to do with it, too.

Here is an excerpt from an article written right after the crash that lists some of those who are to blame for the crash:

The Real Deal

So who is to blame? There’s plenty of blame to go around, and it doesn’t fasten only on one party or even mainly on what Washington did or didn’t do. As The Economist magazine noted recently, the problem is one of "layered irresponsibility … with hard-working homeowners and billionaire villains each playing a role." Here’s a partial list of those alleged to be at fault:​

• The Federal Reserve, which slashed interest rates after the dot-com bubble burst, making credit cheap.
• Home buyers, who took advantage of easy credit to bid up the prices of homes excessively.
• Congress, which continues to support a mortgage tax deduction that gives consumers a tax incentive to buy more expensive houses.
• Real estate agents, most of whom work for the sellers rather than the buyers and who earned higher commissions from selling more expensive homes.
• The Clinton administration, which pushed for less stringent credit and downpayment requirements for working- and middle-class families.
• Mortgage brokers, who offered less-credit-worthy home buyers subprime, adjustable rate loans with low initial payments, but exploding interest rates.
• Former Federal Reserve chairman Alan Greenspan, who in 2004, near the peak of the housing bubble, encouraged Americans to take out adjustable rate mortgages.
• Wall Street firms, who paid too little attention to the quality of the risky loans that they bundled into Mortgage Backed Securities (MBS), and issued bonds using those securities as collateral.
• The Bush administration, which failed to provide needed government oversight of the increasingly dicey mortgage-backed securities market.
• An obscure accounting rule called mark-to-market, which can have the paradoxical result of making assets be worth less on paper than they are in reality during times of panic.
• Collective delusion, or a belief on the part of all parties that home prices would keep rising forever, no matter how high or how fast they had already gone up.

The U.S. economy is enormously complicated. Screwing it up takes a great deal of cooperation. Claiming that a single piece of legislation was responsible for (or could have averted) the crisis is just political grandstanding. We have no advice to offer on how best to solve the financial crisis. But these sorts of partisan caricatures can only make the task more difficult.

http://www.factcheck.org/2008/10/who-caused-the-economic-crisis/

And here's another that lays more blame on Clinton (this is an Conservative site):

http://informthepundits.wordpress.com/2012/03/14/recession-2008-clintons-contribution/

Many, many people have their hands in the "Great Recession Pie" and they come from BOTH sides of the aisle.

Please stop saying it's all Bush's fault, because he is only one small part of the larger reason why the economy crashed.

 

And here's another article: http://www.usnews.com/opinion/blogs...of-glass-steagall-caused-the-financial-crisis

 

I soooo agree. It seems that those who dislike President Obama are conveniently forgetting about the fact that he walked into a situation where the economy was consistently losing over 500,000 jobs per month, financial markets were crashing, housing market crashed. In regards to jobs... We have a few years of continuous job growth. Yes, I know it's been somewhat slow, and I understand that many left the job market, but the improvements are still real. The country is going in the right direction, but some want to blame President Obama everything. This is coming from a group of people who pledged to "Stop this president at every turn", and make him a one-term president as their highest priorities. With priorities like those (including deliberately shutting down the government) doesn't at all sound like a group who has the best interests of America on their minds. More like... they have an agenda, and they're driven to do all they can to tear down the POTUS.

 

If the rosie picture you paint was true also for many Blacks, Hispanics and young people. ...Why did they not come out and support the Democratic leadership in the bid to retain the Senate. ....despite all the urgent lobbying by the President and the Clintons, that base did not show up at the poles to support that status quo and prosperity you and TDK describe. .....Why? ?...because the prosperity is not true for them also.....they are still hurting. ...and they showed they don't care anymore by not participating in the election. ..

 

So now you want obama to force corporatipns to increase pay. Lol

Oh unemployment ticked down agafn....professional and healthcare hiring went up.
You do know alot of tech business was working together to hurt the jobmarket place right....

 

My brother,
Your argument is decentralized and all over the place. ....stay focused and answer this question. .....If economic conditions have improved for the Democratic base, why did they not show up in mass to reward and keep in place their representatives. ........don't sidetrack.....what happened to the voting base.......

 

Hello

 

The same reason republicans didn't come out in mass in 08 this shit is cyclical homie.

 

Well hello sexy

 

Nice greeting! I could go for hearing that everyday haha

How are things?

 

Ok so it was mostly Bush and the Republicans and don't forget the two wars, but thanks for pointing out the overall point IT WASN'T OBAMA'S FAULT

 

Pretty good right now knock on wood
How are things with you? Long time no post

 

The real culprit is wall street...they used the
derivatives and betted against america.

The problem is when you say that...its class warfare

 

I'm happy to hear you have been well, TDK.

I took a bit of a hiatus because my father has been in the hospital for a little over three weeks (he finally went home last Friday) but just spending time w my FAM and dealing w several scary days. He's in recovery mode but he has agressive cancer so we are more on a day by day status and really a focus on quality of life.

 

So sorry love that really sucks. I hope you have a good support system to lean on

 

I salute the caring Daddy's girl lending loving support to her father in his time of need. .....Wishing you the very best Cherok. ...