RE: What did you think of President Bush's speech on the economy tonight?

RE: What did you think of President Bush's speech on the economy tonight? (Full Version)

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slvemike4u -> RE: What did you think of President Bush's speech on the economy tonight? (9/25/2008 1:39:26 PM)
well I'll pass on the offer to kiss your ass...lol ,I am pleased to hear this was a joke.....Four score and seven years ago ......

michaelOfGeorgia -> RE: What did you think of President Bush's speech on the economy tonight? (9/25/2008 1:41:11 PM)
didn't watch it...was probably like all the other speeches other candidates had over the past 40 years or so. saying what people want to hear, pulling the wool over the public's eyes...as usual

corysub -> RE: What did you think of President Bush's speech on the economy tonight? (9/25/2008 1:53:00 PM)
quote: ORIGINAL: Sanity Bill Clinton said of President Bush's speech that it was a very clear explanation of why we're in the fix we're in and that he had a "very good" reaction to it. http://blogs.abcnews.com/politicalradar/2008/09/bill-clinton-do.html Bill Clinton has had a lot of nice things to say about McCain, as did Hillary during the primary. With respect to Obama getting his shorts in a knot over McCain asking for another date for the "big debate", it's a joke. Obama turned down the opportnity McCain offered to have ten,,,yes ten, town hall meetings for reasons known only to him and Axelrod. A Friday night debate is stupid anyway since people go out for dinner after a hard week, or go to game, or some sort of entertainment. A Tuesday or Wednesday night would attract much more of an audience during prime time...and maybe that is the reason why Barry wanted the Friday debate to go on as scheduled. McCain only asked for a postponement of the debate so that he could do his job as Senator and leader of his party during this extremely dangerous time, a time that is testing America's financial system. Failure of Congress and the Adminstration to come up with workable legislation would result in panic next week, a taste of which we saw a few days ago. The campaign could have easily been set aside by Obama but, as he said, "I'll go there if they need me". I guess the leadership of the democrat party does not want any party of Obama as the only one that called him for his views was George Bush. What are Pelosi and sneaky Harry Reid doing to earn their salaries and "perks" of power? But that might be another thread.

philosophy -> RE: What did you think of President Bush's speech on the economy tonight? (9/25/2008 3:20:45 PM)
quote: ORIGINAL: corysub McCain only asked for a postponement of the debate so that he could do his job as Senator and leader of his party during this extremely dangerous time, a time that is testing America's financial system. ...all well and good, and Obama replied along the lines of 'I can do all that and campaign at the same time'. What do you have against multi-tasking in one of the most high pressure jobs in the world?

Sanity -> RE: What did you think of President Bush's speech on the economy tonight? (9/25/2008 4:40:15 PM)
He can't put politics aside for a minute, is what he's saying. He's never crossed the aisle... never written significant legislation. Not once. quote: ORIGINAL: philosophy ...all well and good, and Obama replied along the lines of 'I can do all that and campaign at the same time'. What do you have against multi-tasking in one of the most high pressure jobs in the world?

slvemike4u -> RE: What did you think of President Bush's speech on the economy tonight? (9/25/2008 4:48:05 PM)
So the way you see it Sanity,Sen.Obama should defer to Sen.McCain during this crisis and cede to McCain the stage...recognising Sen.McCain's vast edge in experience and expertise in the field of economics.Let McCain set the agenda and agree to all his opinions during this critical hour.....sounds like a plan Obama should renounce don't you think?

Blaakmaan -> RE: What did you think of President Bush's speech on the economy tonight? (9/25/2008 6:56:43 PM)
quote: ORIGINAL: MzMia Well thank you Thadius, I found it on the link to the Washington Post. It lasted 12 minutes, at the end of his speech I found myself humming, "Ain't too proud to beg". That's HYSTERICAL, MzMia! Brought a big smile to my face!

MzMia -> RE: What did you think of President Bush's speech on the economy tonight? (9/25/2008 7:01:54 PM)
quote: ORIGINAL: Blaakmaan quote: ORIGINAL: MzMia Well thank you Thadius, I found it on the link to the Washington Post. It lasted 12 minutes, at the end of his speech I found myself humming, "Ain't too proud to beg". That's HYSTERICAL, MzMia! Brought a big smile to my face! Glad I made you smile, Blaakmaan! I wish he had really sing the song, it would make my day! [:D]

Archer -> RE: What did you think of President Bush's speech on the economy tonight? (9/25/2008 10:52:17 PM)
Well Clinton could hardly scream and such about how we ended up in this mess. NY Times 1999 In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders. The action, which will begin as a pilot program involving 24 banks in 15 markets will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring. http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&pagewanted=all So the start of this sub prime mess was some 9 years ago, so Clinton SHARES some of the blame. Bush certainly didn't help any too busy touting the Minority home ownership numbers. Then the whole repackaging that falls at the feet of the various CEO's and managers. Plenty of blame to spread around.

MrRodgers -> RE: What did you think of President Bush's speech on the economy tonight? (9/25/2008 11:04:23 PM)
quote: ORIGINAL: MzMia kittin, you must have read my mind. The first 4 years they blamed Clinton for everything except toxic waste. I could actually have a shred of respect for Bush, if he would just admit and take the blame for some damn thing. 8 years in, and he won't take the blame for anything under his administration. He will go down as one of the worse President's in US history, no doubt. Not much. Who is he ? Just what does he know ? http://www.collarchat.com/m_2161502/mpage_1/key_/tm.htm#2161532

MrRodgers -> RE: What did you think of President Bush's speech on the economy tonight? (9/25/2008 11:08:54 PM)
quote: ORIGINAL: Archer Well Clinton could hardly scream and such about how we ended up in this mess. NY Times 1999 In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders. The action, which will begin as a pilot program involving 24 banks in 15 markets will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring. http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&pagewanted=all So the start of this sub prime mess was some 9 years ago, so Clinton SHARES some of the blame. Bush certainly didn't help any too busy touting the Minority home ownership numbers. Then the whole repackaging that falls at the feet of the various CEO's and managers. Plenty of blame to spread around. I agree completely...no question. But Fannie and Freddie didn't stop at that...they then went into the mortgage backed securities offered by the NY invest. banks way outside their charter. This and at extreme (60 to 1 ratios in debt/equity) is what hurt as it always does to any risky lending.

Archer -> RE: What did you think of President Bush's speech on the economy tonight? (9/25/2008 11:20:08 PM)
Cumulative effect of multiple short sighted decisions all coming to bear at the same time. Sub prime narrow vision decision focused on minority home ownership neglecting to account for what happens when they can't pay. Clinton and Bush both guilty of this narrow vision. Investment banks figure spread the risk out enough and it'll be OK (basic capitalist thought behind all sorts of investments. But because they went to the well too many times they got trapped. (Bulls make money Bears make money Pigs get slaughtered)

Hippiekinkster -> RE: What did you think of President Bush's speech on the economy tonight? (9/25/2008 11:22:16 PM)
quote: ORIGINAL: Marc2b I could only take a couple of minutes of that glum, I know you don’t really want to look at me but I’m kinda required to do this so let’s both just bear with it, expression – so I popped one of my Babylon 5 DVDs into the player. God that Claudia Christian is hot. Yeah, she is. Think she did a Playboy spread a few years back. B5 is simply the best SF series ever. Pity Andreas Katsulis smoked himself to death. I recall reading Joe Straczinski was wanting to make a theatrical-release movie, but without G'Kar, ... wouldn't be the same. That Bush kid is a textbook example of the Peter Principle. If he hadn't been born into a white-collar crime family, he wouldn't have gotten any farther than managing a Sonic Drive-In. McSame is the same. He's a fucking legacy cadet. What, he was 2003rd out of a class of 894? Something like that. Then he cruelly and cold-heartedly ditched his first wife Carol for Cindy's father's political and financial connections. http://www.dailymail.co.uk/femail/article-1024927/The-wife-John-McCain-callously-left-behind.html That Bush kid and that McCain fuck. God, what shitbags.

Hippiekinkster -> RE: What did you think of President Bush's speech on the economy tonight? (9/25/2008 11:25:26 PM)
quote: ORIGINAL: Archer Cumulative effect of multiple short sighted decisions all coming to bear at the same time. Sub prime narrow vision decision focused on minority home ownership neglecting to account for what happens when they can't pay. Clinton and Bush both guilty of this narrow vision. Investment banks figure spread the risk out enough and it'll be OK (basic capitalist thought behind all sorts of investments. But because they went to the well too many times they got trapped. (Bulls make money Bears make money Pigs get slaughtered) So there were no white borrowers who were undercapitalized, eh? Suuuure. It's all the fault of those goddamned minorities. Okey-doke.

Hippiekinkster -> RE: What did you think of President Bush's speech on the economy tonight? (9/25/2008 11:48:18 PM)
quote: ORIGINAL: Archer Well Clinton could hardly scream and such about how we ended up in this mess. NY Times 1999 In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders. The action, which will begin as a pilot program involving 24 banks in 15 markets will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring. http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&pagewanted=all So the start of this sub prime mess was some 9 years ago, so Clinton SHARES some of the blame. Bush certainly didn't help any too busy touting the Minority home ownership numbers. Then the whole repackaging that falls at the feet of the various CEO's and managers. Plenty of blame to spread around. Uh-huh. I note that the mortgage companies back in 1999 weren't pushing negative amort loans, or the Quicken-type 4 payment option loans. in fact, borrowers had to pay an extra 100 points. That was a clear recognition of the risk. I remember what the lending environment was like. It sure as shit WASN'T the No-Doc Teaser rate "don't worry; if your ARM goes up too much, we'll re-fi you into another loan." bullshit. So-called "mortgage companies" (like American Freedom Mortgage (Tamara Burch, who has been indicted I think), Ameriquest, Homebanc, and a whole bunch of little fucks whose sole purpose was to sell loans to GE Capital or Thornburg or some other "investors") sprang up overnight after the Bushzis got in. THAT is when all the insane lending started. It WASN'T under Clinton. I know; I closed about 16 loans from 1998 to 2006 as buyer or seller, or refi'er. You can try and lay it on Clinton, but I know better.

thetammyjo -> RE: What did you think of President Bush's speech on the economy tonight? (9/26/2008 8:51:45 AM)
His speech seemed pointless to me since he refused to take any responsibility for the way things our and just tried to claim this has been going on for a long time. He is correct: deregulation has been going on for a long time but each administration is responsible for pushing it and until he is ready to take some responsibility, I can't take any of his plans seriously. This is just "shock and awe" to try and steal more control for big business and this all mighty executive branch the neocons want to promote. The combining of business and government goes hand-in-hand with both communism and fascism and I don't think either of those helps maintain and promote a democratic republic which is what the USA is supposed to function as. How many of you who are bitching though are voting in November? If not, why waste your time bitching. Voting and getting active politically are the only true solutions to these political problems currently.

bipolarber -> RE: What did you think of President Bush's speech on the economy tonight? (9/26/2008 8:57:20 AM)
So, did anyone watch the "Daily Show" last night? (Thursday) They did a side by side comparison to Bush's address for the War in Iraq, and his speech from the night before... Surprise! They were totally identical. Not that the speech has done any good. His own party is digging in their heels, refusing to allow dems to stem the tide of this crisis, instead playing footsie politics in a vain attempt to make McCain look like some kind of action hero, swooping in to save the day, and also making sure that whatever plan is put in place, it will still be deregulated enough to allow them to line their pockets with our money. Too bad about WaMu... but it won't be the last bank to sink into the tar pit thanks to the GOP's game playing.

Musicmystery -> RE: What did you think of President Bush's speech on the economy tonight? (9/26/2008 10:14:15 AM)
quote: President Bush/Dick Cheney legacy? pillage and steal If Obama attempted to do half the things these 2 have done in the past 8 years, he would have been run out of town. Oh, I digress, let them em cake! I love reading Crooks and Liars.com. At this point, why not just give President Bush/Dick Cheney all the money they and their Administration can carry and let them leave early as an early severance packag Because the sheep will continue to support them vehemently, voting against their own best interests (and the country's), screaming patriotism and liberal media bias at every step as they walk off to slaughter. I will continue to work against this, but frankly, when America falls, it will, in aggregate, deserve it. I just hope we can rebuild.

bipolarber -> RE: What did you think of President Bush's speech on the economy tonight? (9/26/2008 11:54:17 AM)
Music: you might go down to your local "big box" media store... they have language CD's for learning Chinese for about $15.... it's always best to be prepared.

Archer -> RE: What did you think of President Bush's speech on the economy tonight? (9/26/2008 12:11:08 PM)
Hippie once again with the off the mark criticisms, I quoted the NY Times and Clinton when they said this policy was designed specioficly to advance minority home ownership ( a laudable goal) but it created the loophole that was later widened to land us in the mess of Sub Prime. Want to argue that the program was not targeted to minorities? argue away provide some back up references. The banks were looking to avoid congressional investigations for red lineing minority neighborhoods. Later they started embrace the policy and adjust the tactics to make more money. Again the partisan in you just can't get past the fact that I mentioned ALL THE GUILTY parties Clinton Bush Banks and loan repackaging while you try to lay it all at Bush's door. ANd you accuse me of trying to lay it on Clinton. Are you looking at this through snow shade pinhole glasses? Rhetorical question, of course.

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