BA>> IMO the Internet is not a valid source for anything.
BA>> Anybody can put up any web site and post anything on it
BA>> they want.

BK>>BTW, the numbers I am using are *NOT* phony because they are
BK>>from the web, but because they are cooked in the original. This
BK>>is esp true of GW Bush's numbers. As I have pointed out
BK>>repeatedly before.

 TR> Where were all these know-it-alls when the piss-poor
 TR> lending practices that ended up pretty well destroying the
 TR> American economy, were first getting started? Like in the
 TR> Carter administration.....with the congress fully
 TR> controlled by the democrats?

 You are talking about deregulation, and some of us were opposing
 deregulation even back then. Deregulation was a conservative
 idea too many democrats bought into. Looks like we needed to
 head into a new depression for people to learn better. Well, we
 will see if they have learned.

 TR> And got even riskier during the Clinton
 TR> administration.....(again!) with the democrats in control
 TR> of congress?

 The democrats were in control of congress exactly two years of
 Clinton's eight. And Clinton bought into the Bush/Republican
 fraud of NAFTA and GATT and the WTO.

 TR> G.W. Bush wasn't even on the political horizon when the
 TR> groundwork was laid for the housing mortgage meltdown.

 Yet he bought into it big time. He had 8 years in office, the
 first 6 he could have done a lot to stop it, instead he
 contributed to it.

 TR> The blame can be laid right at the feet of Chris
 TR> Dodd......Barney Frank...et al.

 And you bought into the big lie from the right. Barney Frank
 opposed the Bush "Ownership Society" with everyone owning a
 home. He supported, the Home Financing Reform act of 2005, the
 one McCain claimed co-sponsorship so proudly in the 2008
 election campaign. Frank co-authored the house version with
 republican Michael Oxley of Ohio. Frank did oppose amendments
 that he felt compromised it, but it did pass the house. Oxley
 said, when Bush torpedoed it in the Senate, Bush gave us a one
 fingered salute.

 TR> G.W. Bush warned congress on various occasions that the
 TR> mortgage debacle was coming, but was ignored. Congress did

 He did? When?

 TR> nothing to prevent it, Bush couldn't do anytrhing without
 TR> congress, and as a result the economy is in a mess it might
 TR> never recover from.

 Now that you have to support. And Bush could do a lot, he had
 the power of the veto. The Bush administration killed the Home
 Fincancing Reform act of 2005, so just when did he warn congress
 about anything?

 TR> *Not* G.W. Bush's fault....but still these sanctimonious
 TR> know-nothings come out of the woodwork and blame him.

 *NOT* Barney Frank's fault... but still the sanctimonious
 know-nothings come out of the woodwork and blame him.

 TR> Problem being: from January 20th, 2009.......*Obama* has
 TR> been calling the shots! All `bailouts'...stimulus money
 TR> tossed out there, etc etc, is owned and operated by Hussein
 TR> Obama!

 The bank/investment firm bailout was Bush. The budget up till
 Sept 30th was Bush. The prejudice expressed in your
 characterization of Obama is yours.

 And most economists I read say the bailouts prevented a complete
 meltdown of the financial system. I do not believe Bush did it
 right, but possibly better than nothing. We will never know for
 sure, but that's how economics works. They don't call it the
 "Dismal Science" for nothing.






 TR> ---
 TR> *Durango b301 #PE*
 TR>  docsplace.tzo.com (1:123/140)

BOB KLAHN bob.klahn{at}sev.org   http://home.toltbbs.com/bobklahn

... Sarah Palin is a uniter - she's united 60-70% of Americans - against her.
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