Tell me: during whose administration did the rate accelerate and during whose administration did the rate decline?
Posted on 05/21/2014 7:04:40 AM PDT by SeekAndFind
Because when President Barack Obama was blaming every problem under the sun on his predecessor President George W. Bush, he just wasn’t go back far enough. Via RCP:
WARREN: I grew up in an America that was investing in kids. It was investing in public universities. It had a higher minimum wage. It was an America that said every kid would get a fighting chance. And that’s how we built America’s great middle class. Then starting in about the 1980s, we turned in a different direction.
COLBERT: You mean when Reagan came in and it was morning in America. The direction toward greatness, pride. …
WARREN: That’s right. And what happened is that he had a couple of ideas. The first one was that they would fire the cops. Not the ones on Main Street but the ones on Wall Street.
COLBERT: The ones who were shackling creativity, and ingenuity in our financial institutions.
WARREN: And making sure the biggest financial institutions actually followed the law. Those were the cops they got rid of.
COLBERT: The law – that’s a vague term, law. Your — one man’s law is another person’s regulations. And regulation is bad. Regulation stifles business and stifles entrepreneurship.
WARREN: No, no. no. See if we don’t have happens is exactly what happened then. And that is the big financial institutions made billions of dollars by cheating people on credit cards, mortgages.
COLBERT: What do you mean cheating people on credit cards? You sign up for a credit card, you use the credit card and then you have to pay your bills. Is that too complicated for Harvard? …
WARREN: Let’s be clear about this. It was supporting having the regulators look the other way while the biggest financial institutions did every trick and every trap possible in credit cards, in mortgages, in checking account rules. And they made billions of dollars doing it. And at the same time they loaded up on risk. And what ultimately happened by 2008 was that they broke the economy. They got bailed out by the taxpayers. They continued to break the law in foreclosing on people’s mortgages.
After such a strong dose of oversimplified yet underhanded populism, all I can do at the moment is point you to the WSJ’s review of her book she was on Colbert’s show promoting… and shake. My. Head.
“We” invested in public universities, all right. & boy, is it paying off BIG!
To people like her.
They still haven’t gotten over Reagan!
5.56mm
She just doesn’t want to admit who is responsible.
Unfortunately we’ll be seeing a LOT more of her in the next 2 years.
Elizabeth Warren sounding more and more a Nancy Pelosi jr
Didn’t she get paid like $250,000 for teaching one class at Harvard? Money laundering.
Bogushontas is simply too stupid for words
And 125% Loan-to-Value are making a comeback!
When has the minimum wage ever gone down? This broad is a freakin' lunatic.
The country is just all sorts of primed and ready for a populist rabble-rouser to sweep into power. And she seems like just the gal to do it.
Faux Squaw drinking fire water again. RDS - Reagan Derangement Syndrome.
If I had no scruples, no morals to limit my actions in polite society, no family to worry over or any other responsibilities...I'd call them a "Target Rich Environment".
OH! REAGAN was responsible for the financial crash of 2008,
not the CRA...
yeah, sure... what kind of derangement do you have to have in order to think this way?
If this woman ever becomes our president we will have to raise our children to see the office and the person as decidedly evil and a tyrant.
“Dad, who is the president?”
“Someone you should fear, son, someone who wants to make you poor and hurt your family!...”
Etc.
Tell me: during whose administration did the rate accelerate and during whose administration did the rate decline?
I thought it was all Bush’s fault. :-)
You betcha! I say that too, every chance I get. The brainless, moderate-but-essentially-left-leaning middle class (oh, I’m in MA, btw) think she is the second coming. The love is up there with the adoration of 0. Her staggering ignorance of basic economics is what really scares me, she makes Mugabe look like Milton Friedman. Add to that the fake pedigree (Haaahvard darling) and she has all the positives (in their mind) of her thighness with none of the baggage.
Just EXACTLY how old was this faux-Indian in 1980???
I cannot listen to a single word she spouts.
Watch and listen my friends.
This is Alinsky style liberalism at its finest.
Make a statement, no matter how outrageous, pin an issue on your enemies, and move on.
They depend on people (who have no capacity to understand even a simple issue, either by diminished intellect or by liberal dogma that precludes the truth) to simply accept what they say as fact and propagate it.
If even 30% of those people ever find out the truth, it is still a major victory.
I will say, in this case, I don’t think the douchebag Warren is being deliberately evil. I think she actually believes what she is spouting.
I always break liberals up by the rule of thirds, the top third are bleeding hearts or simply ignorant of the facts.
The second third are the true believers with wild eyes and spittle on their lips who spout the party line from their flushed faces.
The last third are the people who know what a load of crap liberalism is, but recognize it is all about power and control over others.
Elizabeth Warren is in the second third, in my opinion. A river of knowledge a mile wide on liberal dogma but a nanometer deep, and a stunted intellect to match it.
For some reason, that disturbs me far more than the possibility she is a hard-eyed Obama/Clinton/Kennedy Alinskyite.
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