LookieNoNookie
Posts: 12216
Joined: 8/9/2008 Status: offline
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quote:
ORIGINAL: LookieNoNookie 1) I am not aware of any banking scheme initiated by Carter (Carter....Volker....18% interest rates...not Carters doing but...in his reign), Clinton (ACORN/loans for everyone....no more redlining due to locations simply not paying their bills..."everyone deserves a mortgage"), and Barney Frank (well....he...uhm....kind of altered the entire banking system in 2009 via Dodd/Frank). I am aware of Barney Frank's meddling in Fannie Mae and Freddie Mac to lower the standard for mortgages they would purchase (Actually...Frank didn't have any effect whatsoever on the leniency in banking or mortgage funding....well...other than the fact that he was on their board of directors and did have some influence.....okay....a lot...that was Clinton....see above....ACORN). Please enlighten me. I always want to learn. And you should end your days teaching. 2) I loved the economy, under Clinton. Those were the happiest times for myself and my family. Why? Because he reigned over a period when computers, which had gained traction in 2001, with new programs (Visicalc...the precursor to Excel and Lotus 1--2-3) that enabled people to finally do something other than play asteroids...... 3) I also ask you to consider Phil Gramm's masterpiece: Gramm-Leach-Billey Act which repealed the important parts of Glass-Steagall and ensured we would have "too big to fail"....HUUUUUGE mistake.. By the way...Gramm's a total politician and....a putz. 4) Barney Frank's lowering of mortgage standards (which, by the way, he had zero to do with), and Phil Gramm's creation of bank/insurance company free-for-all (also not done my Frank or Graham....voted in favor of by both but neither had anything to do with the legislation), both occurred pre-Bush. The problem is, Bush did nothing to correct it. (True) Congress, the Senate especially, was rubber stamping anything he came up with (he....meaning "Bush"....who had 27 rejections of Presidential Veto's during his Presidency....and held a Republican majority,in both the Senate and the House...and largely held sway). He could have corrected both of these. Instead, he went on a massive spending spreeand , (Iraq War, Medicare Part D), with no stimulative effect (Ahhhh....well, now you're on to something valid). Unlike Ronald Reagan's peace time defense spending, which was HUGELY stimulative, because it spurred innovation (and 6-tupling the debt), Bush's was simply spending money, which was never allocated. We'll just authorize whatever we spent at the end of the year (You're on crack....I'm sure of it...Bush One added 3 trillion to the debt....a guy you say had no authority). (Let's never raise the debt ceiling, Mr. R The debt ceiling....it can be raised...occasionally it needs to be raised but...like Ron Paul once said when asked "how will you deal with the current debt?"He answered quite succinctly: "Pretty simple stuff....you get what you got last year until we take in more than we spend....after 3 more years....you get a raise at 1/2 the new income". Sounds like a fairly simple solution to me. 5) Iran has been "the way they are" since we installed the Shah there. They have become a nuclear threat, largely because a famous Neocon sold them nuclear technology, and developed their Arak reactor. (As well as developing several oil refineries, to aid in their bypassing of U.S. sanctions). ALL, while sanctions at the time prohibited U.S. business from doing business with Iran). Let's also not forget the Iraq invasion, which diverted billions from Iran's expenditures into defending itself from Iraq (RIGHT into their Nuclear program). The Neocon gifts to Iran keep on giving to this day. 5) RE: North Korea. Clinton had negotiated a deal with North Korea that included the IAEA, Japanese, and South Korean inspectors. North Korea, had NO significant nuclear capability at the time. Fast forward to Bush, who trashed the agreement. The Bush administration realized it had made a HUGE foreign policy blunder, (of course this was minor in comparison to the many blunders to follow) tried desperately to renegotiate a new agreement, offering far more concessions than Clinton did. With no inspections, and basically no way to sanction North Korea more than they currently are, and no more fuel oil coming in , North Korea had the green light to continue to where they are now. The Neocon gifts to North Korea keep on giving to this day. Even IF, as the neocons claim, North Korea was cheating on the Plutonium deal, and secretly enriching Uranium, the IAEA inspectors would have most certainly caught it. But, of course, they were expelled from the country.
< Message edited by LookieNoNookie -- 6/1/2015 6:35:39 PM >
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