Skip to comments.They Go or Obama Goes (even the left is starting to get it right)
Posted on 08/25/2010 4:38:24 PM PDT by Huskrrrr
Barack Obama and the Democrats he led to a stunning victory two years ago are going down hard in the face of an economic crisis that he did nothing to create but which he has failed to solve. That is somewhat unfair because the basic blame belongs to his predecessors, Bill Clinton and George W. Bush, who let the bulls of Wall Street run wild in the streets where ordinary folks lived. And there was universal Republican support in Congress for the radical deregulation of the financial industry that produced this debacle.
Funny that the author FAILS to mention the role of a democratic house and senate (at various times) and their complicity in all this. ONLY pubbies and Klintoon are to blame .. oh, and Zero a bit as well.
“...There is no way that Obama can begin to seriously reverse this course without shedding the economic team led by the Clinton-era “experts” like Summers and Treasury Secretary Timothy Geithner who got us into this mess in the first place. They are spooked by one overwhelmingly crippling ideadon’t rattle the financial titans whom we must rely on for investment. But when it comes to keeping people in their homes, it is precisely the big banks that must be rattled into doing the right thing....”
Republican support in Congress for the radical deregulation of the financial industry that produced this debacle.
Note to “Nation”, it couldn’t have been done without
Stopped reading. I'm sick of these analysts getting it wrong
He did nothing to create?
How were those housing figures this morning, staff at the Nation?
Name one thing Obama has done to cause businesses to hire more workers.
We can name a number of things he has done to prevent them from doing so.
The Republicans in Congress don’t have the power to stop a one float parade. It’s the Democrats who are totally responsible for mess we’re in.
IOW, Zero didn't act like the dictator he thought he voted for. I guess the seizure of GMC was just a teaser.
He did nothing to create?!!
What Radical deregulation?!!
The last regulation / deregulation in the financial services industry was one INCREASED regulation under Bush, following the Enron deal; and under Clinton, one deregulation concerning allowing banks to operate across state lines, which everyone agrees is a good thing.
Boy, these people cling to crap like roaches in a flood
BHO is the cancer that these symptoms created.
Every politician that voted Yes on DeathCare, Stimulus fraud, and all the bailouts must be defeated. They’re self-serving, arrogant, power-hungry vermin.
Mucho blame, too, to that fat, gay fwog, Bawney Fwank and his gay lovers(s?) at Fweddie Mac who have been, under Carter’s program, pushing government-discount home ownership at the minority un-qualifieds as a civil-rights action.
Only when he wasn't too busy campaigning to be king.
What an outright lie. Isn't there one honest journalist left on the planet?
If they would just reform Fan and Fred and make the Bush cuts permanent we could get back on that path.
You can just sense that Sheer WANTS to break into an anti-Obama rant, but his audience won’t have it. :)
Yea, this whole Monarchy thing isn't really working out that well. We may want to consider an alternate form of government. /sarc
“Funny that the author FAILS to mention the role of a democratic house ...”
Funny that the author FAILS to mention the role of a democratic house and senate (at various times) and their complicity in all this.
It’s not so strange considering the fact that Robert Scheer was Editor of “Ramparts” magazine during the Vietnam War. He’s a far left propagandist and always has been.
People don't like leftist policies. They talk about Republicans and how Bush is to blame but do they realize that Republicans were voted out in 2006 because many of them supported the same big-government crap that the Dems did? Do they realize that Bush won both of his elections only by razor-thin margins?
These people just don't get it.
You can just sense that Sheer WANTS to break into an anti-Obama rant, but his audience wont have it. :)
My impression, too.
WELL HOLY $H!T! Does “The Nation” pay this guy??? The author has not a single clue! Maybe if he did some research into the Community Reinvestment Act and its contribition to this unmitigated train wreck but, nooooo. The ONLY thing he got right is calling for giving the boot to Turbo Tax Tim and Never-held-a-Real-Job Summers. SHEESH!
When rats are flushed down the crapper, do they circle left or right?
But it is the Nation. According to far left, of which The Nation is the standardbearer, nothing the Dems have done in the last fifty years, excepting the Vietnam War, has ever caused any problems. The only way they’ve failed according to these twerps is they haven’t poured enough money down enough liberal ratholes.
Indeed, he originally styled himself as a Stalinist. Subsequently, he decided that Kim Il-sung represented the Communist ideal (that would be Kim Jong-il's father, the founder of North Korea).
Still, he's considered a leading intellectual light and the left takes him seriously -- which says more about them than it does about him.
” Its the Democrats who are totally responsible for mess were in.”
“Totally” . . . can’t go there. Between RINOs and Bush ignoring the illegal alien problem and pushing through the prescription drug bill, the Republicans did not help matters. We couldn’t even afford the prescription drug bill when it was passed.
What conservatives need to ride hard is that the liberals and moderates drug us over the course of 50, maybe 70 years, incrementally toward untenable levels of spending on massive socialist programs. What has happened in recent years has only been the final tipping point after mismanaging the government (purposefully) by spending a grotesque and repulsive amount of money on worthless give-away social programs that reward the intentionally unproductive and morally degenerate segments of our society. Liberals, in collusion with the media, browbeat us for years in that direction in the public forum.
Totally responsible . . . no. Largely responsible . . . absolutely.
“radical deregulation of the financial industry that produced this debacle”
How can you call excessive government involvement “radical deregulation?”
This is excellent advice, and Obama should take heed. Keep demonizing the big banks. Make their lives difficult at every turn. Never mind the leverage they have over, say, the housing market.
No “recovery summer” for you.
I swear practically all of America will have a 24/7 party for at least two weeks if Obama steps down right now, I would say that is a start for a stimulus, giving hope back to America that the “failed messiah” is gone, and now its time to start looking for a better more “qualified” candidate.