New report on how wall street paid for its own death

evince said:
"We are here today to repeal Glass-Steagall because we have learned that government is not the answer. We have learned that freedom and competition are the answers. We have learned that we promote economic growth and we promote stability by having competition and freedom.

"I am proud to be here because this is an important bill; it is a deregulatory bill. I believe that that is the wave of the future, and I am awfully proud to have been a part of making it a reality."
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Ok, on a bill that 85% of Senate Democrats supported, 75% of House Democrats supported and a Democratic President signed.

And the attempt to say all deregulation is bad because you believe deregulation caused this mess doesn't really fly.
 
Damocles said:
LOL. It says that for the past three decades... bipartisanly... we let these people bend us over. Desh is still pretending that means that Ds are somehow exempt from responsibility.

:rolleyes:
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So she agrees with my initial reponse, the second post in this thread.
 
Nope Damo I did not say the individual dems are not also at fault for allowing themselves to be bought.

I do stand with the idea that the Dem platform has been correct on this issue and recent history has proved that one.

This was sold to the public as a lender mondernization bill that would protect their information in a time of when the Internet was just truely emerging.

They played on the regular Joes fear of having their private information out where everyone could access it.

How many of the Dems who voted for it are still in office?
 
Anyway, the report pretty much says exactly what I said from the beginning of the conversations I had with Desh about this. I feel justified pointing out that little fact.
 
evince said:
Nope Damo I did not say the individual dems are not also at fault for allowing themselves to be bought.

I do stand with the idea that the Dem platform has been correct on this issue and recent history has proved that one.

This was sold to the public as a lender mondernization bill that would protect their information in a time of when the Internet was just truely emerging.

They played on the regular Joes fear of having their private information out where everyone could access it.

How many of the Dems who voted for it are still in office?
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What does the Dem platform say? You have yet to show us?
 
cawacko said:
What does the Dem platform say? You have yet to show us?
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She'll ignore the portion that suggested that it was better for America for people who couldn't afford it to get houses. Midcan will come in here and talk about how much "heart" people do not have because somebody talks about the toxic loans and how they were begun.
 
Damocles said:
She'll ignore the portion that suggested that it was better for America for people who couldn't afford it to get houses. Midcan will come in here and talk about how much "heart" people do not have because somebody talks about the toxic loans and how they were begun.
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I assume its a document we can look up somewhere on the web but I'm not really interested in reading a political party's b.s. platform. She seems to know it though and there must be a specific passage she is referring to that she can show us.
 
So now you people are going to deny that the republican party is the party who believes in Less government intervention in the market?


Oversight of industry has always been part of the Democratic party and you people know it.

This is why being bipartisan means getting nothing done.

When will honesty be part of how you deal with your fellow Americans?
 
evince said:
So now you people are going to deny that the republican party is the party who believes in Less government intervention in the market?


Oversight of industry has always been part of the Democratic party and you people know it.

This is why being bipartisan means getting nothing done.

When will honesty be part of how you deal with your fellow Americans?
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maybe when the dems show some honesty in their dealings with fellow americans?
 
SmarterThanYou said:
the 'platform' may be different, but their actions are exactly the same.
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Who is they?

individuals can fuck the party as well as the country.

That is what they did.

They went against the ideals of the party for whatever benifit they gained.

The Republicans all went with their party ideals huh?

The end result is the republican ideas killed the economy.
 
evince said:
Nope Damo I did not say the individual dems are not also at fault for allowing themselves to be bought.

I do stand with the idea that the Dem platform has been correct on this issue and recent history has proved that one.

This was sold to the public as a lender mondernization bill that would protect their information in a time of when the Internet was just truely emerging.

They played on the regular Joes fear of having their private information out where everyone could access it.

How many of the Dems who voted for it are still in office?
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How is it a part of the 'Dem Platform' when the bulk of the Dems did the opposite?
 
evince said:
Is the republican party the party that calls for the intervention in the markets with regulations?
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Given a Rep President and Rep led Congress passed Sarbanes??? Whereas a Dem President signed Glass Steagall's demise? Yes Desh... apparently it is the Reps that like regulation... not the Dems.
 
evince said:
Is the republican party the party that calls for the intervention in the markets with regulations?
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It's quite obvious you cannot seperate reality, like real actions, versus a political party's platform. Which makes it understandable how you can view the Democratic Party in such angelic terms even when their actions belie that platform.

For example, Republicans like to say they are for limited government. Have any of their recent actions shown support for limited government? Thus a fundamental disconnect from what they 'claim' on paper to their actions. The Democrats are not different. Sorry to break your heart.
 
See here you go, this is what you get when their is bipartisan compromise.

Maybe we should not compromise the with Republicans anymore.

Now are you going to admitt they went against the democratic partys best interests when they did vote for it and that the Republicans went with their partys best interests when they voted for it?

The differance is this was a real win for the republican party and a loss for the democratic party ideals.

You will fail to admitt it because it is admitting that the republcan partys basic tenents have utterly failed.
 
SF or Damo do you have an answer? I just don't understand this mindset that the two party's have these completely seperate platforms that each politician must follow and essentially every vote must be on a party line basis because it's either in your party's platform or it's in the other party's platform.
 
Heres a clue , they dont HAVE to follow it , its the agreement the party comes to about the direction they collectively want to take.
 
evince said:
Heres a clue , they dont HAVE to follow it , its the agreement the party comes to about the direction they collectively want to take.
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What you've been talking about on this thread are the party platforms. When Dems have been shown to support deregulation and Republicans regulation your response is it goes against their party platform as if it means something.

The Republicans spent like drunken sailors while Bush was in office but their platform calls for limited government spending so they shouldn't be punished for the actual spending. Maybe it was because they were trying to be bi-partisan with the Dems and the Dems forced them away from their platform and thus its not the Republicans fault.
 
evince said:
Heres a clue , they dont HAVE to follow it , its the agreement the party comes to about the direction they collectively want to take.
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and from everything that has been reported so far, only 15% of those elected dems have followed that platform. so is it really a party platform or is it smoke blown up the bases ass to make them think they are for the people?
 
cawacko said:
What you've been talking about on this thread are the party platforms. When Dems have been shown to support deregulation and Republicans regulation your response is it goes against their party platform as if it means something.

The Republicans spent like drunken sailors while Bush was in office but their platform calls for limited government spending so they shouldn't be punished for the actual spending. Maybe it was because they were trying to be bi-partisan with the Dems and the Dems forced them away from their platform and thus its not the Republicans fault.
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Where am I talking about not punishing the indivudual democrats who voted for it because of lobbying?

When will you hold the R individuals who did that in the republican party responsible?
 
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