Originally Posted by GregE (Post 17265549)

Good post.

I still maintain however that, with stricter lending regulations in place, the bubble would never have gotten anywhere near as bad and might even have been sustainable for a bit longer.

In any case, the subsequent recession would have been as you described and no trillion dollar bailouts would have been necessary.

Originally Posted by NetHorse (Post 17265086)

The morons who voted for and support Obama will continue to blame Bush. It's seriously become comical.

You guys think when Bush went to war over 9/11 was bad? Wait until Obama passes his cap & trade tax because of the "accidental" oil spill; it will tax businesses and working class people astronomical amounts of money. Hey it's all to "prevent" a disaster like this from ever happening again.

Originally Posted by Amputate Your Head (Post 17265585)

Thinking that "Bush went to war over 9/11" is what is comical. :2 cents:

Originally Posted by The Demon (Post 17265595)

Blaming Bush for Obama being an epic fail in the eyes of most of the world, an honor even Bush never received, is comical. :winkwink:

Originally Posted by NetHorse (Post 17265285)

Where did I say it was a conspiracy? It's a FACT that Obama has made his climate agenda a major priority using the oil spill disaster as an excuse for doing so.

It's a political move, only sheep think Obama is some sort of hero trying to do good.

Politicians love cap and trade because they can claim to be taxing "polluters," not workers.

Once the government creates a scarce new commodity, (in this case the right to emit carbon) and then mandates that businesses buy it, the costs would inevitably be passed on to all consumers in the form of higher prices. All this in in a time when our economy is in shambles.

Putting a price on carbon is regressive by definition because poor and middle-income households spend more of their paychecks on things like gas to drive to work, groceries or home heating.

But the greatest inequities are geographic and would be imposed on the parts of the U.S. that rely most on manufacturing or fossil fuels -- particularly coal, which generates most power in the Midwest, Southern and Plains states. It's no coincidence that the liberals most invested in cap and trade.

Coal provides more than half of U.S. electricity, and 25 states get more than 50% of their electricity from conventional coal-fired generation.

In his budget, Mr. Obama wants to recycle $525 billion through the "making work pay" tax credit that goes to many people who don't pay income taxes. But $400 for individuals and $800 for families still doesn't offset carbon's income raid, especially in states with higher carbon use.

Cap and trade, in other words, is a scheme to redistribute income and wealth, but in a that 99% of people overlook. It takes from the working class and gives to the affluent; takes from Miami, Ohio, and gives to Miami, Florida; and takes from an industrial America that is already struggling and gives to rich Silicon Valley and Wall Street "green tech" investors who know how to leverage the political class.

Of course, you don't understand any of that. You just believe the words of Obama's mouth, his agenda isn't noble in the slightest bit, it's quite simply a very evil political move.

Originally Posted by kane (Post 17265597)

Please list the proof that most of the world sees Obama as an epic fail.

Bush was hated all around the globe. When Obama was elected many of those countries that had strained relations with us were again our friends and had positive things to say about him. I'm sure some of that has soured, but somehow I don't think the entire globe sees him as an epic fail.

Originally Posted by The Demon (Post 17265580)

You do realize that this monetary and fiscal mismanagement started after we got off the Gold Standard the final time in 1971 right? This is when the government expanded their currency via printing press, people started living beyond their means, and we moved from a manufacturing economy to a service economy. The housing and financial bubbles were just a tip of the iceberg. We were fucked inevitably.

Originally Posted by The Demon (Post 17265575)

Who taught you economics? An abundant money supply is NEVER a good thing.

http://en.wikipedia.org/wiki/Quantity_theory_of_money

Educate yourself. More money in circulation=less it's worth. Basic economics. Just stop typing.

Originally Posted by charlie g (Post 17265621)

I have anecdotal "proof" that Obama has lost some appeal abroad. I live in Indonesia, a predominantly muslim country. When it looked like he would win the election EVERYONE here celebrated as if THEY were getting the welfare checks. Most of the people I talk with now are scratching their heads because he is still in the wars and they haven't gotten their welfare check yet. Point is he has delivered internationally.... domestically-:(

Originally Posted by V_RocKs (Post 17264914)

The GOP created many of the problems the current administration is having to deal with. When it can't put their fires out fast enough they criticize it.

Originally Posted by tony299 (Post 17265680)

Thank you. Well said. Funny when 911 happened on W's watch it was bill clintons fault and he wasn't president any more. .

Originally Posted by Vendzilla (Post 17263954)

http://www.msnbc.msn.com/id/37795273...s-white_house/

Ok, since Obama has taken office, we have seen the unemployment rate jump from 8 to 10 and stay there, now Obama is blaming the GOP for blocking more stimulus money from helping the unemployed, Am I missing something here? did it work the first time? All the money that has been spent by this president, has it helped?
Is anyone else tired of him playing the blame game and want a leader instead of what we now have in the WH?
Obama wants to boost jobs now? Why didn't he want to do that 18 months ago?

And I still want to know when Obama is going to take responsibility for his office and stop blaming Bush? Is what Obama doing working? the answer it NO!

Originally Posted by Vendzilla (Post 17265743)

Thats because of this http://article.nationalreview.com/26...ryn-jean-lopez

Originally Posted by Vendzilla (Post 17265743)

Thats because of this http://article.nationalreview.com/26...ryn-jean-lopez

Originally Posted by kane (Post 17265654)

I just read this. It is pretty interesting. It looks like in some of the muslim countries he is slumping.

"In Pakistan, the number of Muslims who approve of Obama fell from 13% to 8% over the last year. Among Muslims in Egypt, which receives billions in U.S. aid, support for Obama fell from 41% to 31%, and in Turkey, from 33% to 23%."

I'm assuming some of this has to do with the war in Afghanistan and the way is dealing with (or failing to deal with ) the situation in Israel.

However,
"In Western Europe, support for Obama remains strong. In Germany, 90% believe Obama will do the right thing in foreign affairs, compared to 65% of Americans."

and

"Obama?s 87 percent approval rating in sub-Saharan Africa contrasts with a 34 percent approval rating in the Middle East and North Africa, where anti-U.S. sentiment is more pronounced and where Islam is the predominant religion."

So clearly the entire world doesn't hate him, just the ones who thought he was going to coddle them and found out that wasn't going to happen.

Originally Posted by charlie g (Post 17266081)

I get you Kane. What this shows to me is the people most invested in Obama's success feel disappointed. It's been a while since I have been in the good ole USA, but in my travels(Asia mostly), the promise is as of yet undelivered.

Originally Posted by The Demon (Post 17266201)

Kane, the relations with England and France has been the worst I a LONG time. Sarkozy and the British PM constantly criticize Obama. I'm sure I can find you a lot more European countries.