OBAMA THE 44th U.S. PRESIDENT

Quote:

---

Originally Posted by Solitary Brother

Quote:

---

Originally Posted by yodajazz

Quote:

---

Originally Posted by doctranny07

The wall street brokers starting packaging these sub prime mortgages beacause everyone and their mother was getting the sub prime mortgages. Once again a Clinton doing, he also deregulated the rules governing these securities. The reason that these companies like AIG, Bear Stearns etc.. went out of business is because people were able to buy insurance against these sub prime mortagages because they knew they would fail and people could not pay them back. When the people started to foreclose on their mortagages these companies did not have the money to pay the people who bought the insurance. So get your facts straight before you make any statements.

---

Just a quick fact check. Clinton signed the bill that deregulated the securites in December of 2000, right at the end of his term. It has passsed the Senate by something like 92-8 and thus they could have over-ridden a veto anyway. It also passed the House with a large veto over-rding majority. An article I read put the responsibilty for that part of the bill directly on Republican Phil Graham. At one time he was McCains chief financial advisor, but quit in the summertime. His remark that "America has become a nation of whiners", was widely circulated before he left the McCain campaign. Obama quoted that directly in his speech when he accepted the party presidential nomination in Denver.

But anyway the article said that Graham place the deregulation bill at the end of an 1,100 page appropriations bill, and that it was close to the holidays and representitives did not have time to examine the bill closely.

Deregulation of financial markets has been part of the Republican philosophy for a long time, as well as others like Alan Greenspan. So to put the responsibility on Clinton is misleading.

Here is the source article: http://artvoice.com/issues/v7n40/crude

---

Here is my proof from Wiki.
None other than ALAN GREENSPAN agrees with me on the cause of this mess.
Enjoy.



The traditional mortgage model involved a bank originating a loan to the borrower/homeowner and retaining credit (default) risk. With the advent of securitization, the traditional model has given way to the "originate to distribute" model, in which the credit risk is transferred (distributed) to investors through MBS. The securitized share of subprime mortgages (i.e., those passed to third-party investors via MBS) increased from 54% in 2001, to 75% in 2006.[51] Securitization accelerated in the mid-1990s. The total amount of mortgage-backed securities issued almost tripled between 1996 and 2007, to $7.3 trillion. The debt associated with the origination of such securities was sometimes placed by major banks into off-balance sheet entities called structured investment vehicles or special purpose entities. Moving the debt "off the books" enabled large financial institutions to circumvent capital reserve requirements, thereby assuming additional risk and increasing profits during the boom period. Such off-balance sheet financing is sometimes referred to as the shadow banking system and is thinly regulated.

Alan Greenspan stated that the securitization of home loans for people with poor credit — not the loans themselves — was to blame for the current global credit crisis.

---

lol that is one of the guys who messed up us to begin with.

Quote:

---

Originally Posted by MrShow52

ok brother, keep repeating the tired and false talking points of the DNC. You can't really blame any one person or group for the failings of our economy. There were so many people along the way who could have tried to stop it, this has been decades in the making and was set up before bush was even in office. Both parties, as well as greedy business interests are to blame. It just happened to fall during the election, so all of the sudden obama's campaign switched it focus from $5 gas to the economy. Notice how no one even mentioned the price of gas once the economy started to tumble. Obama really won through a good campaign and manipulating people w/unprecedented amounts of money. Republicans almost had no chance of winning this year cause of Bush's unpopularity. America as a whole probably isn't too enthusiastic about obama, after all only 60 million out of 300 million+ citizens even voted for him. Obama is such a far left candidate that I doubt he could win in any other climate besides this one.

---

Try 64 million of 169 million registered voters. Typical republican talking points claiming that children and non-citizens are eligible to vote. Far left? Give me a break: pro-death penalty, against gay marriage, religious, against universal health care. Despite how conservative he is, this is a triumph for America and the world.

To partially answer cockgobbler:

1) Palin is still governor of Alaska. If Stevens retains his senate seat, it's likely he will nevertheless be forced to resign for the kickbacks and bribes he was found guilty of accepting. As governor, Palin will get to appoint a new senator to replace Stevens. I'm guessing she will appoint herself. In the Senate she retain a share of the spotlight and further her already notorious career.

2. McCain, if he doesn't retire, will retain his seat on the Senate.

Quote:

---

Originally Posted by doctranny07

We are racist because we did not vote for Obama? Get a life and stop waiting for the government check it's not in the mail.

---

But it's ok for Corporations to wait for their welfare checks?

Quote:

---

Originally Posted by strokeitnow

I am really amazed at how naive all of the Oboma supporters on this board really are. Further more the fact that some of us do not approve of Oboma don't be fooled into thinking that we support Bush, the Repbulican party or in any way associated with the religious right. Barrack is in way over his head and you will soon see the rest of the world test him over and over again. We really won't know just how dangerous he is until it is way too late. For the rest of you folks who don't seem to care about Barrack taking more of your money I am fine with that but don't criticize me for not wanting to part with more of the dollars I work my ass off for every day of my life. Wealth is accumulated in this country through hard work and perseverance not re-distribution. We all have the same opportunity to make it and people like Barrack are living testament. I hope all of you Oboma supporters are as quick to express your dissatisfaction with him as you have been with Bush.

---

What makes you think he'll do a bad job? The fact is the majority have spoken, They made a choice. Deal with it.

Quote:

---

Originally Posted by trannypir8

Actually, no, I lost my job in construction recently, but I'm just sick and tired of everyone always wanting something for nothing. BTW, I'm black, and 32 years old, so don't throw any of the "racist old white republican" crap my way, and why is he the "african american" candidate? He's got more of other races in him than he does black. I just hope all of you sheep who fell for the candidate who we know nothing about will enjoy the next four years. I've never been more ashamed to be an American than I am today.

---

African American my ass. Only 2 post? you're just a troll!

Quote:

---

Originally Posted by Legend

Who gives a shit if any of you tin foil hat wearing fools approves of him or not he is our president now so your going to have to deal with it and support him or STFU and move out of the country.Yeah i bet you are some hard worker just like that lieing piece of shit joe the plumber,don't have to worry i do not think obama will tax your precious escort or transsexual porn funds.

---

Oh yea that's pretty logical you fucking retard. The majority (at least the second time around) elected Bush yet tons of people did not support him. If 51% elected a Hilter type should I be forced to "support him or stfu and move out of the country"? Some of you Obama supporters are running around calling others ignorant, meanwhile you are posting some of the most ignorant comments I have ever read.

PS- I didn't vote for either major party candidate. On a state and local level I voted for a mix of 3rd party, Democrat and Republican, so spare me with any tinfoil or hater comments k thx.

PPS- Ron Paul 2012 :!:

Excellent points Burbs. Just when I thought the ignorance couldn't get any lower on this board, in walks legend with his literal crap and mental midgetry...

Quote:

---

Originally Posted by NYBURBS

Oh yea that's pretty logical you fucking retard. The majority (at least the second time around) elected Bush yet tons of people did not support him. If 51% elected a Hilter type should I be forced to "support him or stfu and move out of the country"? Some of you Obama supporters are running around calling others ignorant, meanwhile you are posting some of the most ignorant comments I have ever read.

PS- I didn't vote for either major party candidate. On a state and local level I voted for a mix of 3rd party, Democrat and Republican, so spare me with any tinfoil or hater comments k thx.

PPS- Ron Paul 2012 :!:

---

Wow that just shows the stupidity of all you ron paul nutjobs "hitler" give me a f**king break.My point is if you lunatics aren't even going to give him a chance to at least prove himself just STFU.Maybe if you ron paul freaks would cry and bitch less your guy wouldn't't be a f**king joke in every or primary and election he has been in.


Yeah 2012 my ass,ron paul doesn't have 2012 supporters.Hey paul will always win those pathetic worthless internet polls which he wins by all 12 of his supporters voting multiple times.I'm sick of you pathetic fags you've turn this thread into something that was cool into a place where you can bitch and whine.With that being said i'm done with you loons there is nothing you can do because barack Obama is president and ron paul is not and will never be.

Call me a troll if you wish. I am a big fan of TG and I stumbled upon this site yesterday trying to cheer myself up. I guess I should have made some posts on other topics first, but this one was on the top of the list when I entered. I did not realize that there was protocol for which topics one could post to and when, so I apologize for upsetting your standards. I was hoping I'd find more likeminded people, however I see that I am in the minority here, so I'll keep the rest of my political opinions to myself.