Longest stretch of high unemployment since Great Depression

Superfreak said:
His spending habits did not take down the banking sector. To suggest such is simply absurd.
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Other than doing nothing in the face of the housing bubble, the explosion of subprime consumer lending and SEC allowing the debt ratios of the big investment banks to explode? Not sure, but I'm sure I could come up with something.
 
Onceler said:
Poor stewardship of the economy in general has nothing to do with the banking sector?

Really? Did you just say that?
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No, I stated that Bush's fiscal policy had nothing to do with the banking sector COLLAPSE. Quit taking straw man classes from Dung.
 
Rune said:
It was the cumlative effect of a neocon administration. Bush got more than enough legislation passed to ensure the downfall.Don't be a twit.
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Well then genius... do list the legislation that Bush 'got passed' that led to the banking sector collapse. Please, do educate us.
 
General Buck Turgidson said:
Other than doing nothing in the face of the housing bubble, the explosion of subprime consumer lending and SEC allowing the debt ratios of the big investment banks to explode? Not sure, but I'm sure I could come up with something.
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Again... as I stated, his spending habits did not take down the banking sector. To suggest such is simply absurd.

As for 'doing nothing' again... WHAT did the DEMS who led Congress in 2007 and 2008 pass that Bush refused to sign that might have helped? Anything? I know the Reps didn't do anything to fix the problems... my question is WHAT did the DEMS do?
 
Superfreak said:
Again... as I stated, his spending habits did not take down the banking sector. To suggest such is simply absurd.
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I didn't suggest that they did.

Superfreak said:
As for 'doing nothing' again... WHAT did the DEMS who led Congress in 2007 and 2008 pass that Bush refused to sign that might have helped? Anything? I know the Reps didn't do anything to fix the problems... my question is WHAT did the DEMS do?
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They forgot to close the doors after the horses ran off.
 
Superfreak said:
No, I stated that Bush's fiscal policy had nothing to do with the banking sector COLLAPSE. Quit taking straw man classes from Dung.
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And that's a completely ignorant statement. Saying that Bush's fiscal policy - or lack thereof - existed in some kind of vacuum that didn't affect the banking sector is ludicrous.

SF, I was on this board throughout both of Bush's terms, stating that the economy was being propped up by a house of cards in the form of an overinflated housing bubble that would eventually pop. If stupid, moronic Onceler on JPP knew that, how could the admin have been so blind to it?

You can't say that Bush was a terrible economic steward & that he had nothing to do w/ the crash in the same sentence, with a straight face.
 
Onceler said:
And that's a completely ignorant statement. Saying that Bush's fiscal policy - or lack thereof - existed in some kind of vacuum that didn't affect the banking sector is ludicrous.
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Again. That is not what I stated. AS I STATED... Bush's fiscal policy did not cause the banking COLLAPSE. <---- NOTE THE WORD COLLAPSE. If his spending policies caused the collapse, then how is it that the even WORSE fiscal policy we are seeing under Obama isn't doing the same?

SF, I was on this board throughout both of Bush's terms, stating that the economy was being propped up by a house of cards in the form of an overinflated housing bubble that would eventually pop. If stupid, moronic Onceler on JPP knew that, how could the admin have been so blind to it?
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Again... I was saying the same friggin thing. I was bitching about the repeal of Glass Steagall for many years prior to the collapse. Yes, the inaction of the Reps in Congress to fix Clinton's mistake (and that of the Rep led House and Senate from 1999) is apparent. As is the inaction of the DEM led Congress in 2007 and 2008. Yet you want to blame just Bush. NEITHER party did ANYTHING to reverse the colossal error of 1999. Why not? Because a majority of Congress was a PART of Congress when Glass Steagall was repealed. The ones that are/were still around prior to the collapse were also the major players in the two parties. That is why neither party tried to reverse course.

You can't say that Bush was a terrible economic steward & that he had nothing to do w/ the crash in the same sentence, with a straight face.
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You can't continue to create one straw man after another with a straight face. Saying he 'had nothing to do with the crash' is a straw man. I stated his spending habits/fiscal policy had nothing to do with the collapse. That is not what caused it. That type of over spending had been occurring for decades. As I stated, BOTH parties had the opportunity to create legislation that would help. NEITHER did. You want to blame Bush, but it is Congress that failed to pass legislation.

Would a better President have pushed for legislation?... yes. But again... as I stated, none of Bush's policies led to the collapse. At most you can say it was his inability to get Congress to act. But given that NEITHER of the two parties WANTED to act, it is rather absurd to continue to stomp your feet and try and pretend it wasn't the whole lot of them, but rather just Bush that failed.
 
Superfreak said:
Well then genius... do list the legislation that Bush 'got passed' that led to the banking sector collapse. Please, do educate us.
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Wait, are you trying to say Bush had nothing to do with the complete collapse of the economy, which occured on his watch?
 
Superfreak said:
Again. That is not what I stated. AS I STATED... Bush's fiscal policy did not cause the banking COLLAPSE. <---- NOTE THE WORD COLLAPSE. If his spending policies caused the collapse, then how is it that the even WORSE fiscal policy we are seeing under Obama isn't doing the same?



Again... I was saying the same friggin thing. I was bitching about the repeal of Glass Steagall for many years prior to the collapse. Yes, the inaction of the Reps in Congress to fix Clinton's mistake (and that of the Rep led House and Senate from 1999) is apparent. As is the inaction of the DEM led Congress in 2007 and 2008. Yet you want to blame just Bush. NEITHER party did ANYTHING to reverse the colossal error of 1999. Why not? Because a majority of Congress was a PART of Congress when Glass Steagall was repealed. The ones that are/were still around prior to the collapse were also the major players in the two parties. That is why neither party tried to reverse course.



You can't continue to create one straw man after another with a straight face. Saying he 'had nothing to do with the crash' is a straw man. I stated his spending habits/fiscal policy had nothing to do with the collapse. That is not what caused it. That type of over spending had been occurring for decades. As I stated, BOTH parties had the opportunity to create legislation that would help. NEITHER did. You want to blame Bush, but it is Congress that failed to pass legislation.

Would a better President have pushed for legislation?... yes. But again... as I stated, none of Bush's policies led to the collapse. At most you can say it was his inability to get Congress to act. But given that NEITHER of the two parties WANTED to act, it is rather absurd to continue to stomp your feet and try and pretend it wasn't the whole lot of them, but rather just Bush that failed.
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Would you describe the failure to do some of what you are detailing as a failure of leadership?
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Superfreak said:
Is Dung giving out free straw man classes?

Try comprehending what you read moron.
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I did read it. It is such a stupid question, that I am trying to clarify it.

Therefore, would you mind answering my question, to save me a bunch of time or ask your question again, but in at least a semi-intellegent form this time, because it really seems to me as if you are trying to deflect the blame away from Bush.
 
Superfreak said:
Funny, that is what you responded to.
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Yeah, I intended to respond to a different one of your Bush apologias, but the substance of the post should have tipped you off that I wasn't talking about Bush's fiscal policies.


Superfreak said:
They were in power BEFORE the horses ran off.
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Not really. The housing bubble peaked in 2006. Subprime lending also peaked in 2006 and declined from there. I suppose they could have tried to pass legislation limiting the leverage ratios of investment banks, but that would have been unlikely to pass the Senate, and leverage increased after 2006 largely because the value of the bank's assets were crashing, not really because they were taking on tons of new debt.
 
Rune said:
I did read it. It is such a stupid question, that I am trying to clarify it.

Therefore, would you mind answering my question, to save me a bunch of time or ask your question again, but in at least a semi-intellegent form this time, because it really seems to me as if you are trying to deflect the blame away from Bush.
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So, you say 'Bush got more than enough passed to ensure the downfall'

I ask you 'WHAT did he 'get passed' that ensured the downfall'

and then you came back with your moronic straw man.

So AGAIN... In response to YOUR statement that 'Bush got enough passed to ensure the downfall'... WHAT THE FUCK ARE YOU REFERRING TO?

ARE YOU TOO RETARDED TO COMPREHEND THAT QUESTION AS IT RELATES DIRECTLY TO YOUR COMMENT?
 
Superfreak said:
So, you say 'Bush got more than enough passed to ensure the downfall'

I ask you 'WHAT did he 'get passed' that ensured the downfall'

and then you came back with your moronic straw man.

So AGAIN... In response to YOUR statement that 'Bush got enough passed to ensure the downfall'... WHAT THE FUCK ARE YOU REFERRING TO?

ARE YOU TOO RETARDED TO COMPREHEND THAT QUESTION AS IT RELATES DIRECTLY TO YOUR COMMENT?
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Yet the only way you could ask that question were if Bush were innocent.
 
Rune said:
Yet the only way you could ask that question were if Bush were innocent.
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No moron, I wish to discuss which policies you think caused it.

Obviously you continue to run away from actually answering... the question is WHY? Why don't you simply answer the question Dune? Surely in all those that 'bush got passed to ensure the downturn'... surely you can cite a few for us? Right? I mean you DO have SOMETHING to back up your claim do you not? You stated it so emphatically. Surely you MUST have something to point us to?

What is it Dune? What did 'Bush get passed to ensure the downturn happened'???

Please tell us you are not so cowardly that you are going to continue to run away from answering.
 
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