 h0ax_d3m0n
Male, 18-29, Europe
 2190 Posts
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Thursday, July 23, 2009 4:44:52 AM
53 percent approved and 30 percent disapproved.
^^^and 17%....did what exactly? |
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 BananaJack
Male, 18-29, Eastern US
12 Posts
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Wednesday, July 22, 2009 9:13:34 PM
but at least it seems you are more interested in this than "17 Relevant Charts and Graphs [Pics]" like most I Am Bored visitors. that is a good thing sir. |
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BananaJack
Male, 18-29, Eastern US
12 Posts
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Wednesday, July 22, 2009 9:09:24 PM
madest: i like how u take a small part of smokeys statement out of context (btw you should use "..." when not quoting the whole thing) and use it as truth like a normal liberal. he gave a long, logical explanation and u gave crap. you gave just a small bit of what he said. you admit defeat sir just by your response. he smoked you and now u are nothing but beef jerky.but that is ok. like you my talents on loan from God may not be in debating others on iab forums, but you must admit defeat on this, since u have not made any logical arguments to defend yourself. and i must say i am disappointed because being interesting in political matters i was hoping you two would go at it for a while. |
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 OldOllie
Male, 50-59, Midwest US
1060 Posts
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Wednesday, July 22, 2009 9:00:49 PM
You kids don't remember Jimmy Carter, but I've seen this all before (except for the $20 trillion debt which you'll be paying interest on for the rest of your lives). Take my word for it; it doesn't turn out well at all. |
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 madest
Male, 40-49, Eastern US
1118 Posts
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Wednesday, July 22, 2009 8:54:47 PM
"I don't defend this process; some regulation could be used to help clarify investors to understand the underlying"So... You admit defeat. |
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 Negative_One
Male, 30-39, Western US
2510 Posts
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Wednesday, July 22, 2009 7:16:59 PM
Yea, we should just bring Bush back, right? |
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 smokey101983
Male, 18-29, Southern US
10 Posts
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Wednesday, July 22, 2009 6:37:59 PM
You over simplified the process. The toxic assets were the sub-prime mortgages. Banks that lended the money would immediately sell them to Fannie May or Freddy Mac (two GSEs) that pass-through over 80% of the mortgages in the US. They are the interface of the gov in the US mortgage market. They securitize the assets and give them cloudy risk profiles and are purchased on the free-market. They can be insured by the AIGs in the form of Credit Default Swaps. I don't defend this process; some regulation could be used to help clarify investors to understand the underlying, but investors should be free to make bad decisions. These markets most likely wouldn't exist without government engineering; FDMC and FNME were geared to buy sub-prime and loosen up capital in those markets artificially. This is why they were bailed out when the market went south. Strike three Madest... You throw around facts that you make up and try to talk down to people with who you disagree, but you don't know jack. |
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 HUFFER
Male, 30-39, Southern US
299 Posts
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Wednesday, July 22, 2009 5:40:50 PM
Arguing politics on the internet has become little other than sport for trolls and overzealous far-leaning troglodytes. |
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 primetimekin
Male, 18-29, Southern US
7864 Posts
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Wednesday, July 22, 2009 4:09:52 PM
"You Southerners and MidWesterners never liked Obama to begin with"ad hominem "So complain about socialism and Obama to all your friends down at the unemployment line. The rest of America will continue to work and pay taxes to support your safety net. " Aren't republicans historically against welfare? "Decreases in regulation brought us the economic melt down on Wall Street"
that was Al Greenspan, not Bush. " it's kind of upsetting at times when the retirement package last year for ex-oil company CEO was 143M that we all paid for at the pumps." If you don't like the oil companies, you don't buy from them. They offer a product and you can choose to spend on it or not. |
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lordtyusa
Male, 18-29, Southern US
191 Posts
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Wednesday, July 22, 2009 3:23:25 PM
The problem is that we have a president who is trying to fix everything at once, and failing miserably. He needs to stop trying to defend everything he does/says to everyone and just do the job he's getting paid to do! 'Nuff said. |
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 Dfaulted
Male, 13-17, Canada
1624 Posts
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Wednesday, July 22, 2009 2:43:22 PM
meh who cares, I'm in Canada, didn't even read it |
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 shunpo_31
Male, 18-29, Eastern US
1310 Posts
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Wednesday, July 22, 2009 2:09:14 PM
One guy can't fix 700 million people's problems.DUH. I wish we could get mathematicians to run the government. |
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madest
Male, 40-49, Eastern US
1118 Posts
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Wednesday, July 22, 2009 1:54:05 PM
Nonsense. Relaxing of rules that had been in place since the 1930's that allowed AIG to insure Toxic assets and sell them as secured entities. Combined with predatory lending practices and outright fraud by banks (no peek loans). Created the wall street meltdown.Giving people freedom will not eliminate greed or fraud. |
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smokey101983
Male, 18-29, Southern US
10 Posts
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Wednesday, July 22, 2009 1:15:16 PM
A triumvirate effort of Social Engineering by government, loose lending rules and bad borrowers brought down the housing market and kicked Wall street in the nuts. Regulation actually created the Sub-prime market. It would not of existed, or not to the level it had achieved without government intervention and regulation. Try again. And you still haven't answered the question. If Job stimulation and economic recovery is the most important issue, then how does increasing regulation improve that? If there was something that the government could do to make markets work better, there wouldn't be a need for the regulation in the first place. This undermines the liberal premise that increases in regulation (government) will rectify the economy. The best way out of the mess is to let people be FREE and create incentives to work hard, ie. lower taxes. We recovered from a worse recession back in the early 80's and Reagan did it with tax cuts... |
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 Angelmassb
Male, 18-29, S. America
1579 Posts
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Wednesday, July 22, 2009 1:01:38 PM
You guys are a blast |
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BananaJack
Male, 18-29, Eastern US
12 Posts
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Wednesday, July 22, 2009 12:45:57 PM
oops to continue my last rant:we cant wait for him to continue to do what he wants, we have to slow him down to give people a chance to see the crazy things hes doing. when that happens with either side it is only good for the country. that is why our government is designed to move slowly.
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 nflfisherman
Male, 18-29, Southern US
23 Posts
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Wednesday, July 22, 2009 12:25:54 PM
I love how disagreeing with President Obama is automatically racism.Those of you who call me a racist, are racist. You are advocating Black supremacy. That being said, although I disagree with President Obama and many of his policies, he hasn't been in office nearly long enough to have any real impact at all yet. Give him a chance to succeed or not--that's what I'm doing. I hope, for the sake of our country, that he succeeds. |
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BananaJack
Male, 18-29, Eastern US
12 Posts
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Wednesday, July 22, 2009 12:25:42 PM
ghostofme, the problem is he promised to fix everything very quickly. he said we have to get his stimulus bill out before anyone had a chance to read it so he can "fix" the problem, yet it has done nothing and most of it will not take affect for years. of course the administration has since said it really was not aimed at stimulating the economy just sold as a stimulus. so they can partake in the "overdue liberal spending" as chris matthews put it as he gets the tingles. now we have a health care bill issue, which no one is really reporting on what is in it, that also is very very urgent and must be done by august, even though it will not fully take affect till 2020. why is it so urgent? well there is an election year next year and many dems will not vote for it if they are up for reelection in swing states. also the longer the bill is around the more people get to see whats in it and the more that happens the less support it gets. we cant wait for him to continue t |
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redser99
Male, 30-39, Midwest US
13 Posts
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Wednesday, July 22, 2009 12:20:18 PM
Smokey, your comments are fine accept that Texas (oil state) is republican (oh, pls no $$$ regulations to oil industry) and Michigan (oil/gas-sucking auto making state) is 'tank(ing/ed)' because foreign non-oil/gas sucking vehicles are peoples' choice in autos these days for the less than 90% of us that are actually working.Bush also "quietly" spent 400B in military spending in 2008...Obama is not being "quiet" about any of his spending. Don't be fooled that Bush would not have aligned the same or more spending than Obama has "today!" Obama's goal is to get everyone into healthcare and not just middle-upper class and for the low incomers, that it doesn't make them the primary reason they work for a living. The Canadian plan actually works and you're just hearing what sells newspapers. Sorry for the rebuttle, it's kind of upsetting at times when the retirement package last year for ex-oil company CEO was 143M that we all paid for at the pumps. |
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 ghostofme
Male, 18-29, Western US
488 Posts
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Wednesday, July 22, 2009 11:59:40 AM
Even though I did not vote for Obama, nor am I a democrat, I can't help but think:Isn't it a little soon to be expecting so much from the man? Christ, he's only been in office for six months. If he were able to fix everything that quickly, it would be a miracle. |
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smokey101983
Male, 18-29, Southern US
10 Posts
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Wednesday, July 22, 2009 11:46:54 AM
Notice the personal attacks on me, supported with baseless facts. Out of all the state in the country, southern and midwestern states have the best economies. Texas, a republican state, still governed by Bush's hand picked successor is doing better than any blue state. Only Democrat states are in bankruptcy: California, Michigan, New York and Massachusettes. Obama is a legit citizen, his mom is a citizen. You don't need a certificate. Disageeing with a black man doesn't mean you are a racist. If Obama lost in 2008, it would have been because of racist, white Northeastern and Western Democrats. Conservatives stand opposed to him on policy enough. Here is a question for my lib friends. How do you grow an economy with increases in regulation? Carter brought us Reagan and hopefully Obama will bring us the next. |
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BananaJack
Male, 18-29, Eastern US
12 Posts
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Wednesday, July 22, 2009 11:33:12 AM
i am happy i did not vote for him but its to bad all we had was mccain, who sucked. i am actually happy mccain did not get elected because obama is bringing way more hope and change to the republican party and more importantly may be showing the republicans the shining light which is conservatism. if he keeps trying to push far left policies on the american people he will fail and he may take america with him if we are not careful. he won an election because people believed what he was saying (i won't go into the media issue) and he has shown in the first 6 months that everything he said was a lie. transparency? bipartisanship? responsibility? honesty?... really? but after 6 months people are no longer just taking his word on things and they are waking up, granted with a very bad obama and media hangover |
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redser99
Male, 30-39, Midwest US
13 Posts
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Wednesday, July 22, 2009 11:06:58 AM
Short and sweet: Bush's relief plan for the bad banking "math" (sub-prime lending) was 500B before he left office...we cannot blame neither Bush nor Obama for this economic crisis created by the US banks...this cascaded to collapsing the world economy b/c soooo much wealth from other countries is/was in US and visa-versa.One of Obama's election platforms was Universal Healthcare Reform...after elected, he clearly stated that it's to be a "bipartisan" approval so the great minds from All teams could build and agree on the plan. So, let's build one. We worry so much about becoming socialists but complain how the oil companies reported the most profit from you in US history because, um, the gov cannot "govern" them. The US also paid on top in addition $5B to oil companies for offshore drilling and exploration b/c of a historical agreement to get oil closer to home than arab countries. Would you not agree that caps should imposed on greedy monopolies? |
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 StudentOfMan
Male, 40-49, Midwest US
266 Posts
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Wednesday, July 22, 2009 10:56:36 AM
BTW BrimeStoneOne, how's that medical insurance going up there in the Great White North? Oh, and your dollar exchange rate still below ours? I assume so seeing as everyone is crossing the border for scripts.Madest, when did government suddenly become a two option proposition? Sometimes the best option is to do nothing at all and allow the infrastructure you have in place to align its markets rather than dumping billions on a knee-jerk reaction. BTW "they" is an awfully big brush. No one is against making things right, people are against poorly thought out plans and action based on hyperbole. The same "leadership through fear" that prevailed in the BUsh era is now polished off for another regime only this time it's "people could die without insurance" "Issue A is an economic issue..." rather than it is the terrorists. Tell me where the figures are coming from for uninsured levels, give me populations, strip off the spin and give me real |
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 CrakrJak
Male, 40-49, Midwest US
2695 Posts
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Wednesday, July 22, 2009 10:43:24 AM
StudentOfMan: Well Put!  |
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