12 comments:

Rich said...

We need a guy like this to run for office. He's got balls, shoots from the hip, and doesn't care about peoples feelings. This fucking country needs a fucking fix.

September 24, 2008 at 8:25 PM  

Koko said...

People don't realize just how much trouble we are in right now and how much it will affect eveyone in the country.

I beg everyone, please please please do not vote for John McCain. If you don't like Obama, fine, just don't vote for a guy that going to keep the same shit going on in this country that been happening for the past 8 years. Truly, he's no different than Bush.

September 25, 2008 at 9:21 AM  

theJUANdiggler said...

I agree koko , it's a shame some people would vote for McCain for the sole reason of sticking with a party they so-called are affiliated with . At the end of the day when Obama wins he will be blamed for his miss-management of the war and economic situation cause of what he inherited from Bush.The far right don't care about the middle class they just want your vote , and the sheep always vote !

September 25, 2008 at 2:09 PM  

Hussein said...

Yes Sheep.....Vote For Me!!!

Thank You,
Hussein

September 25, 2008 at 3:32 PM  

Koko said...

For once I actually have faith in the American Public. My prediction is this election will not even be close. Obama will win and he'll have quite a mess to clean up. But you know anything about Wall Street, it reacts to pure gossip and speculation. Obama will insall a confidence in the administration which will create stability on Wall Street.

If I'm wrong, this country deserves exactly what it gets. Fool me once, shame on you. Fool me twice shame on me. Fool me three times . . . I'm a stupid son of a bitch and derserve to be beat with a socket wrench while my loved ones watch.

September 25, 2008 at 4:20 PM  

Regs said...

The thing that you guys need to realize is that, throughout history, the economy is cyclical. In other words, "what goes up, must come down". Most independent economist agree that the Presidents' policies have very little, if anything to do with the economy. Even though Presidents in office when it is good take credit for it and Presidents in office when it is bad often get blamed for it.

If you just look at recent history, the economy was terrible during the Carter (democrat) years; rebounded drastically during the Reagan (republican) years; suffered again during the first Bush's (repulican) years; rebounded during the Clinton (democrat) years; and is suffering during the second Bush (republican) years.

I really don't think puting a 44 year old, first term Senator, with a long history of voting to raise taxes is the answer.
I don't think now is the time to put someone with zero foreign affairs experience in charge of geting us through this global economic problem.
I don't think now is the time to put somebody with zero military experience in charge of keeping us safe from terrorists.
Now is not the time to put somebody in charge who has the former CEO of Fannie Mae as one of his top advisors. No thank you. He was one of the major contributors of this crisis.

McCain is not Bush and even though he toed the party line and supported him most of the time, that does not mean that deep down he actually felt that way. He has shown that he has the guts to make the right decision in the past, even if it wasn't popular. His views are much closer to that of Reagan's, not Bush's.

One last thing. I personally had some great years financially during the last 8 years. Everybody is not struggling. I also was very leery about the housing market a couple years ago and chose not to buy a house even though I had plenty of money to do so. It smelled very fishy, how much money lenders were willing to give me with very little down. All anybody had to do was a little math to figure out that these lenders were full of shit. That has NOTHING to do with presidential politics. When the government starts to tell private companies what to do with their money is the day we become a communist country. Blaming the President is silly.

September 25, 2008 at 11:53 PM  

Rich said...

President Regs!

September 26, 2008 at 8:03 AM  

Koko said...

Saying that Bush has little or nothing to do with the situation we are in now in like saying the planes that flew into the trade center had nothing to do with its collapse.

Sorry Rob, but that is a truly dangerous way of thinking. The fact is that we have no way of knowing what the economy will do now becasue we have NEVER been through this kind trouble in our lifetimes. This is Great Depression type of stuff here and it's only in the beginning stages. This bailout thing is not the cure, it's just a bandaid over a crack in the Hoover Damn.

And how did we get here? Well let's see, maybe spending a BILLION, YES A BILLION WITH A "B". Over in Iraq every month on a war we were lied to about instead of using that money on new energy and economic programs here in the US certainly did not help this situation at all. The only jobs that increased over president num-nuts tenure were minimum wage jobs, watering down the job market to the point where even kids in high school are now having trouble getting the drive through position at McDonalds because they're filled with college and high school grads that needed a second job.

Very true the main reason the economy is now in the shitter is becasue of the housing industry. And why were these piece-of-shit companies allowed to give out these erroneous loans? Well it could have something to do with a 72-year-old Senator that is head of the Senate Banking Committee in which they vote year after year on deregulation of the banking industry allowing the banks to give out whatever loans they want with no penalties or reprecussions. The deregulation that McCain supports, which he is so trying to backtrack out of now, is the focal point for why we are in this mess. These banks need some kind of regulation and guidelines because as you can see, we can not trust their greed. There are regulations on everything else in this country except screwing people out of money. The credit, banking, and insurance industries need some rules to follow so that the American people are not taken advantage of. And please do not talk to me about communisim. The illusion of freedom in this country is something that the big corportations conveniently bring up so that they can do whatever they damn well please. We need someone in office that does not have a $100 million in the bank with 9 houses like McCain. Someone who will actually care about the middle class for a change. How can anyone possibly defend voting for a guy who voted WITH Bush 90% of the time on policies for the past 8 years. You're right Mcain is not Bush, he's only 90% Bush. The other 10% is a guy that picks Palin to be the VP. Another great decision.

One last thing, I know this is long but you got me fired up Rob. When you say . . . "I personally had some great years financially during the last 8 years. Everybody is not struggling."

That is the exact problem with the Republican party. Saying things like, "Hey I'm not struggling, to the hell with the rest of you. You must have all made bad decisions." That's just ignorant. Of course people overindulged and took huge loans they could not afford, causing defaults and low home values. However many many people, including me purchased a home during the last 8 years. You can't say well everyone should have just not purchased a home in the last 8 years. That's ludicrous. Many people have new families, needed to move locations, didn't feel like wasting their money on rent anymore, there are many legitmate reasons people purchased homes and got loans they can afford. But now our homes are worth 30-60% less than we purchased them for. So now our homes are virtual jails. We can make the payments just fine, but we are stuck in them for the forseeable future becasue they are unsellable. Some people may not be struggling, but most are and the "oh well, too bad" approach is unintelligible.

And none of this is due to the policies of the administration for the past 8 years? Honkey please!

September 26, 2008 at 9:45 AM  

Hussein O. said...

Yes, Sheep Change!!

I just wanted to point out that the collapse of the economy here in the US does not have anything to do with spending money on the war, if anything the war helps the economy...just ask your friends that work for defense contractors like Lockheed Martin etc... and it pays...yes pays troops who voluntarily join the armed forces to go and serve providing them a very nice job.

But back to the real issue the crisis in the U.S. and the fallout from Fannie Mae and Freddie Mac dragging down our economy.

Back in 2005, Fannie and Freddie were, after years of dominating Washington, on the ropes. They were enmeshed in accounting scandals that led to turnover at the top. Then legislative momentum emerged for an attempt to create a ``world-class regulator'' that would oversee the pair more like banks, imposing strict requirements on their ability to take excessive risks.

For the first time in history, a serious Fannie and Freddie reform bill was passed by the Senate Banking Committee. The bill gave a regulator power to crack down, and would have required the companies to eliminate their investments in risky assets. If that bill had become law, then the world today would be different.

In 2005, 2006 and 2007, a blizzard of terrible mortgage paper fluttered out of the Fannie and Freddie clouds, burying many of our oldest and most venerable institutions. Without their checkbooks keeping the market liquid and buying up excess supply, the market would likely have not existed.

But the bill didn't become law, for a simple reason: Democrats opposed it on a party-line vote in the committee.

But we now know that many of the senators who protected Fannie and Freddie, including Barack Hussein Obama, Hillary Clinton, and Christopher Dodd have received mind-boggling levels of financial support from them over the years.

Throughout his political career, Hussein Obama has gotten more than $125,000 in campaign contributions from employees and political action committees of Fannie Mae and Freddie Mac, second only to Dodd, the Senate Banking Committee chairman, who received more than $165,000.

There has been a lot of talk about who is to blame for this crisis. A look back at the story of 2005 makes the answer pretty clear.

Oh, and there is one little footnote to the story that's worth keeping in mind while Democrats point fingers between now and Nov. 4: Senator John McCain was one of the three cosponsors of the bill, the bill that would have avert this mess.

But remember to vote for Me!!!!!!

September 26, 2008 at 10:20 AM  

Regs said...

That's fine. Your opinions are your opinions. My main point was that a continuously growing economy is considered to be impossible and the President is either given too much credit or takes too much blame when, in reality, they can't stop the economic forces one way or another.

You also twisted my words about my personal situation during the Bush administration. I was not saying "to hell with the rest" at any point. I am far from rich but did benefit from certain tax cutting policies and tax shelters on small business, by the Bush Administration. I would rather have money myself and decide what to do with it myself,rather than have the government control it.

Obama is a minor leaguer trying to play in the major leagues. He needs to stick to being a good senator for at least a couple more terms. He is like a celebrity with no substance. All rhetoric, no results. He took the second most amount money from Fannie Mae out of the entire senate and gets advice from their last 2 ceos. Come on. I can't believe people are so blinded by this guy that they can't see through him.

The last thing, about the housing market, is that I meant nothing personal by my comments. A lot of people, including yourself obviously, are responsible. You probably did a breakdown of how much you were making and how much you could afford to spend on housing and made an intelligent decision to buy a house. That is awesome. That is how its supposed to be done. The problem is that a lot of people didnt do that and they took the largest loan they could possibly get and stretched themselves to the limit. Then, if anything negative happens, they can't make their payments. I was offered loans that I didn't think I could afford and I turned them down. It sucks that people aren't in buying mode right now, but it will bounce back. It always does. Regardless of which candidate wins.

September 26, 2008 at 10:27 AM  

Koko said...

Who are you Hussein O.? Are you a spy from Habaneros Grill? Or perhaps another rival softball team?

In any matter, your words are not credible because you are trying to obviously and blatantly propagate that Obama's middle name is Hussein. Is that suppose to scare anyone? Are we so prejudice and ignorant that by you saying the name Hussein over and over will somehow brainwash us to think that Obama is some kind of terrorist. Please go take that crap to a paranoid repbublican or religious rally where it actally works on them. Remember Jedi mind tricks only work on the weak minded.

Let's talk about the contributions of Fanny and Freddie and how the rebulicans shit don't stink. Well Fanny and Freddie have given campaign contributions to canidates since we were all sucking on our mommies ta ta's. They give 53% of the money to whoever's party is in charge of congress at the time. Since the democrates are in charge of congress now they are receiving the 53%, for most of the Bush years it was the republicans receiving it. Oh and by the way the republicans still receive 47% now. Also, McCain’s campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the Fannie Mae and Freddie Mac to defend them against stricter regulations. So let's get off the whole "my party doesn't take money from Fanny and Freddie bullshit."

As for the S.190 proposal in 2005. Let's stop spinning information here. I agree that bill was probably a great idea, and it should have been passed. I'll give credit where credit is due becasue I think logically. Not all things rebulicans do is bad and not all things democrates do is good. However Mr. McCain was no maverick on this bill. McCain has made a lifelong career out of deregulations, anyone can look that up. And for this bill McCain didn't sign on as a sponsor of the bill until AFTER IT HAD ALREADY DIED in committee. It was introduced on January 26, 2005, and the last action on it was on July 28, 2005. McCain didn't sign on as a cosponsor until May 25, 2006. Very convenient. I'd also like to go back now to before our fantasy football draft and take Cutler for my QB.

I admit it was a mistake for anyone to vote against that bill, but let's remember in 2005 when the bill was introduced, the rebulicans ran the congress, not the democrates. This bill was defeated by bi-partisanship. And also let's not praise McCain for showing up to party with booze and coke after all the stippers have gone home.

Bush's Housing and Urban Devleopment cabinet pushed for Fannie and Freddie to increase their involvement in sub-prime mortgages to make home ownership more available. His presidency (and use that term very loosely) is directly responsible for the state of this country.

WAR . . . What is it good for? Usually economic strenth. You are right Huessein. The economy usually does strengthen during times of war. So what the hell is going on now? Well the economy only strengthens if war spending is responsible. Not tossing away over a trillion dollars! Nobel prize winning economist and a former World Bank vice-president, Joseph Stiglitz said, "The spending on Iraq is a hidden cause of the current credit crunch because the US central bank responded to the massive financial drain of the war by flooding the American economy with cheap credit. The regulators were looking the other way and money was being lent to anybody this side of a life-support system, which led to a housing bubble and a consumption boom, and the fallout is plunging the US economy into recession." Forgive me if I take the word of a Nobel Prize winning economist over President Dumbass.

Obama is not a life long Washington puppet. Repbulicans now try to spin the "elitist" and "celebrity" tags towards him. Meanwhile, McCain is far richer than Obama, with 9 homes. What a common man.

I'd rather go with a guy who has fresh views on how to improve this county. He's very intelligent and will demand the respect of foreign countries simply because he will talk first, bomb second. He will be a much better communicator to the world than McCain could ever be. And if experience is you main concern, well I guess your a big-time betting man. Because if anything at all happens to McCain, which is a high probability, then you have the 2 scariest words I've ever heard....President Palin.

I can't even believe this is a debate. Didn't McCain just say like a week ago that the basic fundamentals of our economy are strong? What the hell is in I.V. bag? Even Palin got that answer right.

September 26, 2008 at 12:18 PM  

theJUANdiggler said...

Wow good points made while I last checked !I like the new spin ( though very big and important) has lead people to forget about the many young brave soldiers that have died for our country in a absolute meaningless war . Ill take our economy now over the loss of young Americans any day.
Oh yeah I forgot " well they signed up and got paid for it ".
That gave Bush and all his suits ( who now all have steped down ) the right to disperse of them !

September 26, 2008 at 2:24 PM  

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