Biden: Voters should blame Obama, not Bush, for economy

Like I said, it's honorable that he thinks what happened under the previous admin isn't relevant. I wouldn't call it "honest," because what happened under the previous admin is extremely relevant to the current state of the economy. From 8 years of fiscal irresponsibilty, to tunnel vision on 2 expensive wars, to spending bills that broke the bank...those actions & also a great deal of inaction & inattentiveness put this country into a major hole.

We're at a point now where I believe the gov't can't really do that much to affect things. The stimulus probably should have been twice as big, but you can forget about that now. And I never expected even that to "fix" anything; the hope there was that it would create enough hiring to instill some confidence in the private sector. But new reports this week show that companies are still reluctant to hire.

Confidence is the biggest problem. The crash of '08 undermined both consumer & corporate confidence to a point that we haven't seen in decades. So, to be "honest" - it is very relevant to the current situation, regardless of what Biden says.

tff. you have YOUR unsubstantiated opinion vs. the VP's substantiated opinion and you're calling him a liar.

that is all i needed to know.
 
Like I said, it's honorable that he thinks what happened under the previous admin isn't relevant. I wouldn't call it "honest," because what happened under the previous admin is extremely relevant to the current state of the economy. From 8 years of fiscal irresponsibilty, to tunnel vision on 2 expensive wars, to spending bills that broke the bank...those actions & also a great deal of inaction & inattentiveness put this country into a major hole.

We're at a point now where I believe the gov't can't really do that much to affect things. The stimulus probably should have been twice as big, but you can forget about that now. And I never expected even that to "fix" anything; the hope there was that it would create enough hiring to instill some confidence in the private sector. But new reports this week show that companies are still reluctant to hire.

Confidence is the biggest problem. The crash of '08 undermined both consumer & corporate confidence to a point that we haven't seen in decades. So, to be "honest" - it is very relevant to the current situation, regardless of what Biden says.

The stimulus went almost totally to union/govt workers. Obama is doing exactly what he promised in the campaign he wouldn't do.....support special interests. In fact, this administration is the most corrupt I've seen in my lifetime and I remember Nixon. If you can't see that then you really shouldn't be on an adult political forum.
 
tff. you have YOUR unsubstantiated opinion vs. the VP's substantiated opinion and you're calling him a liar.

that is all i needed to know.

LOL - Yurt's never-ending "quest for debate."

Good counterpoints, Yurtsie. Bet you're sorry you kept asking now...
 
you ASSume too much. your logical dumb, you believe that if someone doesn't get into the middle of some argument you're having with someone else, then they must support that belief. why aren't you "asking" if damo or mott support bravo?

fucking idiot.

That's a standard you set, btw. I'm making fun of you when I say it. And, because you did set that standard, it's always hilarious that you let those kinds of outrageous claims keep passing on by from a "rightie," and even bring up my repeated calls for "bravs" without mentioning it...
 
LOL - Yurt's never-ending "quest for debate."

Good counterpoints, Yurtsie. Bet you're sorry you kept asking now...

on the contrary, i'm really glad i asked. the debate is not whether your opinion or biden's opinion is correct, it is about you calling him a liar. you each have your opinion, but the reality is, he did not lie. you believe differently than him and you and biden could argue ad nauseum and probably never change each other's opinion, but that doesn't make him a liar.

he lied about nothing. but we all know you never admit you're wrong.
 
That's a standard you set, btw. I'm making fun of you when I say it. And, because you did set that standard, it's always hilarious that you let those kinds of outrageous claims keep passing on by from a "rightie," and even bring up my repeated calls for "bravs" without mentioning it...

tff....every time you get called to the floor for your dumb logic, you always claim you're just mimicking the person who called you to the floor. and as happens nearly every time, your claim is untrue.

do you ever tire of your transparent excuses?
 
It's certainly honorable, but it's not necessarily "honest."

Unless you think, like bravo, that Obama caused the crash.

And there again you get it wrong.....how the hell can you walk without tripping ?

Get it straight...
I should have made it clear it was Democrats and not personally Obama....and I'm sure I have, in other talks with you over the years years
My fault in the earlier for not being clear enough

Obama is not responsible for the crash....and neither is Bush....Obama is only responsible for today's economy he controls 2/3 of the government..and earlier, all of it..

The Democratic congress and leadership of Freddie and Fannie and their protectors are responsible....

They were warned by both Bush and McCain that those organizations were on the verge of disaster and over extended and accumulating toxic assets....a stupid and dangerous practice....... and they ignored the warnings....and actually encouraged banks to keep lending money to unqualified borrowers, while Freddie and Fannie continued to guarantee them......etc....

Obviously, its a little more complicated than a onecell brain can handle
and you wonder why I refuse to keep explaining it to you...after a dozen times, you even get the simple part wrong.
 
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on the contrary, i'm really glad i asked. the debate is not whether your opinion or biden's opinion is correct, it is about you calling him a liar. you each have your opinion, but the reality is, he did not lie. you believe differently than him and you and biden could argue ad nauseum and probably never change each other's opinion, but that doesn't make him a liar.

he lied about nothing. but we all know you never admit you're wrong.

I said that his assessment wasn't "necessarily honest." And it's not an honest assessment; he's trying to be honorable, but his claim that it isnt "relevant" is false. That's really a far cry from calling him a "liar." I don't think he did it to deliberately mislead.

I know there aren't any distinctions in Yurtworld, but that's it.
 
And there again you get it wrong.....how the hell can you walk without tripping ?

Get it straight...

Obama is not responsible for the crash....and neither is Bush....Obama is only responsible for today's economy ....

The Democratic congress and leadership of Freddie and Fannie and their protectors are responsible....

They were warned by both Bush and McCain that those organizations were on the verge of disaster and over extended and accumulating toxic assets....a stupid and dangerous practice....... and they ignored the warnings....and actually encouraged banks to keep lending money to unqualified borrowers, etc....

Obviously, its a little more complicated than a onecell brain can handle
and you wonder why I refuse to keep explaining it to you...after a dozen times, you even get the simple part wrong.

Then why did you say Obama was responsible for the crash?
 
tff....every time you get called to the floor for your dumb logic, you always claim you're just mimicking the person who called you to the floor. and as happens nearly every time, your claim is untrue.

do you ever tire of your transparent excuses?

Seriously?

You have said this countless times on the board. As a general rule, you call out any leftie poster if they don't "call out" another leftie for something he said, and then claim it's "proof" that they agree with it.

"Mr. self-awareness." You're a hoot, man....
 
The Bush administration pushed for significantly increased regulation of Fannie Mae and Freddie Mac in 2003, but after two years, the regulations passed the House but died in the Senate.

Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.

''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''
Representative Melvin L. Watt, Democrat of North Carolina, agreed.
===============================================
Here's a quick look into the three former Fannie Mae executives who
> brought down Wall Street.
>
>
> Franklin Raines was a Chairman and Chief Executive Officer at Fannie
> Mae. Raines was forced to retire from his position with Fannie Mae
> when auditing discovered severe irregularities in Fannie Mae's
> accounting activities. At the time of his departure The Wall Street
> Journal noted, " Raines, who long defended the company's accounting
> despite mounting evidence that it wasn't proper, issued a statement
> late Tuesday conceding that "mistakes were made" and saying he would
> assume responsibility as he had earlier promised. News reports
> indicate the company was under growing pressure from regulators to
> shake up its management in the wake of findings that the company's
> books ran afoul of generally accepted accounting principles for four
> years." Fannie Mae had to reduce its surplus by $9 billion.
>
> Raines left with a "golden parachute valued at $240 Million in
> benefits. The Government filed suit against Raines when the depth of
> the accounting scandal became
> clear.http://housingdoom.com/2006/12/18/fannie-charges/ . The
> Government noted, "The 101 charges reveal how the individuals
> improperly manipulated earnings to maximize their bonuses, while
> knowingly neglecting accounting systems and internal controls,
> misapplying over twenty accounting principles and misleading the
> regulator and the public. The Notice explains how they submitted six
> years of misleading and inaccurate accounting statements and
> inaccurate capital reports that enabled them to grow Fannie Mae in an
> unsafe and unsound manner." These charges were made in 2006. The Court
> ordered Raines to return $50 Million Dollars he received in bonuses
> based on the miss-stated Fannie Mae profits.
>
> Net windfall . . . $190 million!
>
> Tim Howard - Was the Chief Financial Officer of Fannie Mae. Howard
> "was a strong internal proponent of using accounting strategies that
> would ensure a "stable pattern of earnings" at Fannie. In everyday
> English - he was cooking the books. The Government Investigation
> determined that, "Chief Financial Officer, Tim Howard, failed to
> provide adequate oversight to key control and reporting functions
> within Fannie Mae,"
>
> On June 16, 2006, Rep. Richard Baker, R-La., asked the Justice
> Department to investigate his allegations that two former Fannie Mae
> executives lied to Congress in October 2004 when they denied
> manipulating the mortgage-finance giant's income statement to achieve
> management pay bonuses. Investigations by federal regulators and the
> company's board of directors since concluded that management did
> manipulate 1998 earnings to trigger bonuses. Raines and Howard
> resigned under pressure in late 2004.
>
> Howard's Golden Parachute was estimated at $20 Million!
>
> Jim Johnson - A former executive at Lehman Brothers and who was later
> forced from his position as Fannie Mae CEO. A look at the Office of
> Federal Housing Enterprise Oversight's May 2006 report on
> mismanagement and corruption inside Fannie Mae, and you'll see some
> interesting things about Johnson. Investigators found that Fannie Mae
> had hidden a substantial amount of Johnson's 1998 compensation from
> the public, reporting that it was between $6 million and $7 million
> when it fact it was $21 million." Johnson is currently under
> investigation for taking illegal loans from Countrywide while serving
> as CEO of Fannie Mae.
>
> Johnson's Golden Parachute was estimated at $28 Million.
>
>
>
> WHERE ARE THEY NOW?
>
> FRANKLIN RAINES? Raines works for the ObamaCampaign as his Chief
> Economic Advisor.
> TIM HOWARD? Howard is a Chief Economic Advisor to Obamaunder Franklin Raines.
> JIM JOHNSON? Johnson was hired as a Senior Obama Finance Advisor and
> was selected to run Obama's Vice Presidential Search Committee.
>
 
Investigations into Fannie Mae and Freddie Mac reveal details of corruption
---------------------------------------------------------------
Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam
---------------------------------------------------------------
Explosive Video, Fannie Mae CEO calling Obama and the Dems the "Family" and "Conscience" of Fannie
---------------------------------------------------------------
Burning Down The House: What Caused Our Economic Crisis?
---------------------------------------------------------------
Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown
---------------------------------------------------------------
Barney Frank in 2005: What Housing Bubble?
Barney Frank Caught Lying About Fannie Mae
Don't Regulate Fannie Mae or Freddy Mac
 
I said that his assessment wasn't "necessarily honest." And it's not an honest assessment; he's trying to be honorable, but his claim that it isnt "relevant" is false. That's really a far cry from calling him a "liar." I don't think he did it to deliberately mislead.

I know there aren't any distinctions in Yurtworld, but that's it.

Now now now...don't you go telling the Amazing Yurskin what you meant.

After all...they maybe be YOUR thoughts, but Yurskin's got those Amazing Mental Powers that allow him to see into your mind. He can tell you what you REALLY meant and not what you THINK you meant!

If he says you lied, how DARE you contradict him!
 
The Bush administration pushed for significantly increased regulation of Fannie Mae and Freddie Mac in 2003, but after two years, the regulations passed the House but died in the Senate.

Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.


So in 2003 Bush pushed for greater regulation and two years later, that would be 2005, regulations died in the Senate...I forget, which party controlled BOTH houses of Congress in 05?
 
So in 2003 Bush pushed for greater regulation and two years later, that would be 2005, regulations died in the Senate...I forget, which party controlled BOTH houses of Congress in 05?

how is it you can now blame the pubs for 2005 action/inaction, but when the dems controlled from 07-10, you blame the pubs for the dems inability to get things done?
 
Now now now...don't you go telling the Amazing Yurskin what you meant.

After all...they maybe be YOUR thoughts, but Yurskin's got those Amazing Mental Powers that allow him to see into your mind. He can tell you what you REALLY meant and not what you THINK you meant!

If he says you lied, how DARE you contradict him!

did biden lie? yes or no.

how is it, you can call me a liar for claiming i was joking (even used a smilie), and yet mock me for trying to interpret what someone meant? can you explain the direct contradiction in your thinking?
 
Seriously?

You have said this countless times on the board. As a general rule, you call out any leftie poster if they don't "call out" another leftie for something he said, and then claim it's "proof" that they agree with it.

"Mr. self-awareness." You're a hoot, man....

no i don't. and the times you're talking about are apples/oranges. you are trying to bring me into an argument i've never remotely talked about vs. someone calling our a rightie for something in the very thread a lefty is shown to have done the same thing (not necessarily related to the board.) you want to draw me in when i have not entered the arena.

i know you're too dumb to see the difference.
 
I said that his assessment wasn't "necessarily honest." And it's not an honest assessment; he's trying to be honorable, but his claim that it isnt "relevant" is false. That's really a far cry from calling him a "liar." I don't think he did it to deliberately mislead.

I know there aren't any distinctions in Yurtworld, but that's it.

what is the opposite of honest?

"deceptive, devious, dishonest, false, fraudulent, lying, misleading, treacherous, untrustworthy, untruthful"

http://synonym-antonym.com/default.asp

i can't believe i had to actually educate you on something every 7 year old knows. :palm:
 
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