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How the Democrats created the meltdown on Wall Street
jpost.com ^ | Oct. 2, 2008 | Kevin Hassett

Posted on 10/02/2008 11:42:46 AM PDT by Tolik

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1 posted on 10/02/2008 11:42:46 AM PDT by Tolik
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To: Army Air Corps

Bookmark for later.


2 posted on 10/02/2008 11:44:44 AM PDT by Army Air Corps (Four fried chickens and a coke)
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To: Tolik

they created it. republicans don’t want to fix it without socialism


3 posted on 10/02/2008 11:46:07 AM PDT by ari-freedom
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To: Tolik

Great information. Unfortunately, the mainstream media, where most people get their news, will not dare report this.


4 posted on 10/02/2008 11:47:15 AM PDT by doug from upland (8 million views of HILLARY! UNCENSORED - put some ice on it, witch)
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To: Interesting Times

Ping!


5 posted on 10/02/2008 11:48:13 AM PDT by The Shrew (www.ToSetTheRecordStraight.com/www.swiftvets.com/www.wintersoldier.com-The Truth Shall Set YOU Free!)
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To: Mase; Toddsterpatriot; expat_panama; mr_hammer

Our government at work.


6 posted on 10/02/2008 11:49:16 AM PDT by 1rudeboy
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To: doug from upland
McCain didn't actually mention S.190 during the debate, did he....??

What was he thinking....?

7 posted on 10/02/2008 11:51:39 AM PDT by Cyropaedia ("Virtue cannot separate itself from reality without becoming a principal of evil...".)
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To: 1rudeboy

This never would have happened if we had doubled all our tariffs. LOL!


8 posted on 10/02/2008 11:53:53 AM PDT by Toddsterpatriot (Let me apologize to begin with, let me apologize for what I'm about to say....)
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To: 1rudeboy

Peter Wallison, the Securities and Exchange Commission’s chief accountant ................”It is a classic case of socializing the risk while privatizing the profit”......That is the clearest, most understandable explanation I have heard yet. McCain and Palin should continuously beat the Democrats over the head with that phrase. It is easy for every voter to understand how the few got the profit, while the masses got the risk and are now left to pay the bills.


9 posted on 10/02/2008 11:54:52 AM PDT by milwguy (........)
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To: Toddsterpatriot; milwguy
Check out the video here.
10 posted on 10/02/2008 11:57:35 AM PDT by 1rudeboy
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To: 1rudeboy

I’m curious why we aren’t impeaching senators....it would seem that this behavior demonstrated a tremendous loss of trust amongst Americans (now that the fog has lifted).


11 posted on 10/02/2008 11:59:23 AM PDT by pepsionice
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To: Tolik

Who does these stories only go back to 2005? That was just when the problem was really noticed and a bill was put forth to correct it. But the problem started way back in late 70’s under Carter, and was expanded in the early 90’s under Clinton.


12 posted on 10/02/2008 12:00:41 PM PDT by Tatze (I'm in a state of taglinelessness!)
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To: 1rudeboy; hedgetrimmer

Good one. Obviously the free traders, Bush and McCain, were wrong to push to reform Fannie and Freddie. Hedge’s buddy, Barney, was right.


13 posted on 10/02/2008 12:04:07 PM PDT by Toddsterpatriot (Let me apologize to begin with, let me apologize for what I'm about to say....)
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To: Tolik
Kevin Hassett, director of economic-policy studies at the American Enterprise Institute.....is an adviser to Republican Sen. John McCain of Arizona in the 2008 presidential election.

So, why on earth isn't Kevin Hassett advising McCain to get out there and destroy the Democrats with this data?

Knowing all he knows, why on earth did McCain vote YES on the bail-out?

Arrrggggghhhhh......

14 posted on 10/02/2008 12:04:34 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Army Air Corps
Good post! Again it seems the media doesn't want to be bothered with the truth, they only want to elect NObama. They won't say this if cornered but we all know the liberal media is for the Dems. Its going to be an uphill battle to Nov4th but I think its still doable, the electorate is getting smarter about finding the real truth through the Internet and blogs.
15 posted on 10/02/2008 12:04:40 PM PDT by Coffee_drinker (The best defense is a strong pre-emptive strike.)
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To: 1rudeboy

Excellent video, thanks for the link.


16 posted on 10/02/2008 12:05:33 PM PDT by Tolik (2008: Maverick/Barracuda vs. Messiah/Mouth or The Hero vs. the Zero and "Our mama beats your Obama")
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To: Tatze

The risks were well known and ignored.

GLASS-STEAGALL ACT:
COMMERCIAL VS. INVESTMENT BANKING
Updated June 29, 1987

http://digital.library.unt.edu/govdocs/crs/permalink/meta-crs-9065:1


17 posted on 10/02/2008 12:07:42 PM PDT by Realism (Some believe that the facts-of-life are open to debate.....)
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To: Tolik

I just got stiffed for some video production work by a company that was trying to capitalize on the low-end mortgage market fallout. They had gotten paid two months ago for the work I did, and now they say they are having cash flow problems. The b@stard asked if I could process a credit card. I had to laugh at that one, because he’ll probably just fold and let the credit card company eat the debt from his bankruptcy proceedings.

Is it any wonder these clowns are ruining the financial markets?


18 posted on 10/02/2008 12:10:02 PM PDT by SlowBoat407 (Obama will give us enough hope to hang ourselves.)
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To: Toddsterpatriot

Don’t forget the author of this piece: he’s with AEI, a hotbed of reactionary capitalism. Next thing you know, he’ll tell us that free-market economics predicted this result. ;)


19 posted on 10/02/2008 12:12:44 PM PDT by 1rudeboy
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To: Tolik

bttt


20 posted on 10/02/2008 12:15:05 PM PDT by fella (.He that followeth after vain persons shall have poverty enough." Pv.28:19')
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