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Posted: Mon Jan 12, 2009 10:19 am
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I am overwhelmed and am enjoying the emotional feedback on this thread. You folks have a wealth of knowledge and understanding of what has come to be during this time of economic crisis.

My thoughts and prayers are with each of you that has suffered a job loss, and to those who still have jobs, but are not sure what it will come to.

Be safe, be well...

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Posted: Mon Jan 12, 2009 2:49 pm
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If there will come a change in trading business? I don't know...
All was high wins in short time. So long the contracts for traders/bankers are still on provision and bonus they have to sell in short time to earn money.
No bank can change this contracts from today to tomorrow.
All international banks will be mess on the exchange index and all want to be big players on top. Also local banks are concerned.
Maybe after depriciation all losts no obscure dervates will be offer anymore...

Most banks now very hold back with credits to small and mid companies so that they can't make any investments.
Big car companies has big loss in the export business and here at moment no one buys a car. Job lost, short work...


I think there must be a changing in their heads first...

Wish all wich los their jobs all the best and get shortly a new one.

Cheers


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Posted: Mon Jan 12, 2009 7:51 pm
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cvilleira wrote:
The people who pushed this through in 1999 made their big money and ran leaving us to hold the bill. Look who was in office at that time and you will see who is to blame. Think about it.
Yeah, that Republican Congress was really a bunch of greedy bastids, weren't they!

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Posted: Mon Jan 12, 2009 8:23 pm
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-Ryco wrote:
cvilleira wrote:
The people who pushed this through in 1999 made their big money and ran leaving us to hold the bill. Look who was in office at that time and you will see who is to blame. Think about it.
Yeah, that Republican Congress was really a bunch of greedy bastids, weren't they!

Politicians all greedy but this was Clinton's baby. Gramm tried to change or stop it.
This is from CNN News

Democrats had charged that provisions of the bill championed by Gramm would have rolled back the reinvestment act, something the White House repeatedly said it could not accept. Full details of the agreement were not available, but it appeared both sides had given ground.
An administration official who told CNN of the compromise said the White House "didn't yield to everything Senator Gramm wanted on regulatory relief, but there were concessions made that facilitated that agreement."
Gramm agreed that banks should have a satisfactory reinvestment rating before being permitted to merge with insurers or securities companies. The administration accepted less-frequent compliance examinations for some small banks and some public disclosure of deals between banks and community groups.
The conference committee approved the outline of the deal without seeing the formal language. The bill must now be signed by the majority of the conferees before it can go back to the House and Senate and be sent to the president.
Leach said he hoped the final product would be ready by early next week and would be passed quickly.
Some Democrats said they were pleased with the framework that had been agreed on and hoped that the bank reform effort could finally go forward.

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Posted: Tue Jan 13, 2009 12:37 pm
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I didn't lose my job. But we did cut hours back tremendously. I work at a local grocery store known in Virginia and only in Virginia. The prices are high and some people, such as myself, works one day a week and cannot get promoted. I had my luck, and was offered a job as a lifeguard and found another job that may replace the lifeguard job.

Anyone here heard of Bear Sterns? It was a huge company. And it bought out the company known as Encore Credit. They then shut down the company in Aug of 07. My mother lost her job. She found another one and it was in advertising which as you can see doesn't do well.

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Posted: Tue Jan 13, 2009 2:35 pm
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cvilleira wrote:
Politicians all greedy but this was Clinton's baby. Gramm tried to change or stop it.
This is from CNN News

Democrats had charged that provisions of the bill championed by Gramm would have rolled back the reinvestment act, something the White House repeatedly said it could not accept. Full details of the agreement were not available, but it appeared both sides had given ground.
An administration official who told CNN of the compromise said the White House "didn't yield to everything Senator Gramm wanted on regulatory relief, but there were concessions made that facilitated that agreement."
Gramm agreed that banks should have a satisfactory reinvestment rating before being permitted to merge with insurers or securities companies. The administration accepted less-frequent compliance examinations for some small banks and some public disclosure of deals between banks and community groups.
The conference committee approved the outline of the deal without seeing the formal language. The bill must now be signed by the majority of the conferees before it can go back to the House and Senate and be sent to the president.
Leach said he hoped the final product would be ready by early next week and would be passed quickly.
Some Democrats said they were pleased with the framework that had been agreed on and hoped that the bank reform effort could finally go forward.
From this article it sounds like the minority party were digging in their heels to me. Sounds like it was pretty much Gramm's deal.

The idea of NAFTA and lifting set regulations of banking practices took place before Billy. These were the wishes of the two preceding administrations and I believe William was trying to work with the opposite party.

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Posted: Tue Jan 13, 2009 3:17 pm
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cvilleira wrote:
-Ryco wrote:
cvilleira wrote:
The people who pushed this through in 1999 made their big money and ran leaving us to hold the bill. Look who was in office at that time and you will see who is to blame. Think about it.
Yeah, that Republican Congress was really a bunch of greedy bastids, weren't they!

Politicians all greedy but this was Clinton's baby. Gramm tried to change or stop it.
This is from CNN News

Democrats had charged that provisions of the bill championed by Gramm would have rolled back the reinvestment act, something the White House repeatedly said it could not accept. Full details of the agreement were not available, but it appeared both sides had given ground.
An administration official who told CNN of the compromise said the White House "didn't yield to everything Senator Gramm wanted on regulatory relief, but there were concessions made that facilitated that agreement."
Gramm agreed that banks should have a satisfactory reinvestment rating before being permitted to merge with insurers or securities companies. The administration accepted less-frequent compliance examinations for some small banks and some public disclosure of deals between banks and community groups.
The conference committee approved the outline of the deal without seeing the formal language. The bill must now be signed by the majority of the conferees before it can go back to the House and Senate and be sent to the president.
Leach said he hoped the final product would be ready by early next week and would be passed quickly.
Some Democrats said they were pleased with the framework that had been agreed on and hoped that the bank reform effort could finally go forward.

"Admitting that you have a problem is half the battle" they say. If after 8 years of Bush and Cheney's Bungling (6 years of which they had a Republican Congress) you can still say, "Clinton Did It", you are not facing the problem.

For arguments sake, lets say Clinton masterfully manipulated the economy to collapse as soon as Bush took office. This assumes that Clinton knew Bush was going to take the election with less than the popular vote, or he was gonna stick his Colleague Al Gore with a Bad Economy.

Lets say the Former was true, and Clinton Knew Bush was gonna steal the election so he sabotaged it, Why hasn't Bush been able to FIX THE DAMN ECONOMY IN 8 YEARS?? IS he truly that incompetent? If so, isn't it true that Republicans will reelect incompitance because their Party wants them too?

Blind Faith and Blind Loyalty got us in this mess, it's past time to get real and start thinking logicaly!

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Posted: Tue Jan 13, 2009 3:46 pm
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FirstMeasure wrote:
cvilleira wrote:
-Ryco wrote:
cvilleira wrote:
The people who pushed this through in 1999 made their big money and ran leaving us to hold the bill. Look who was in office at that time and you will see who is to blame. Think about it.
Yeah, that Republican Congress was really a bunch of greedy bastids, weren't they!

Politicians all greedy but this was Clinton's baby. Gramm tried to change or stop it.
This is from CNN News

Democrats had charged that provisions of the bill championed by Gramm would have rolled back the reinvestment act, something the White House repeatedly said it could not accept. Full details of the agreement were not available, but it appeared both sides had given ground.
An administration official who told CNN of the compromise said the White House "didn't yield to everything Senator Gramm wanted on regulatory relief, but there were concessions made that facilitated that agreement."
Gramm agreed that banks should have a satisfactory reinvestment rating before being permitted to merge with insurers or securities companies. The administration accepted less-frequent compliance examinations for some small banks and some public disclosure of deals between banks and community groups.
The conference committee approved the outline of the deal without seeing the formal language. The bill must now be signed by the majority of the conferees before it can go back to the House and Senate and be sent to the president.
Leach said he hoped the final product would be ready by early next week and would be passed quickly.
Some Democrats said they were pleased with the framework that had been agreed on and hoped that the bank reform effort could finally go forward.

"Admitting that you have a problem is half the battle" they say. If after 8 years of Bush and Cheney's Bungling (6 years of which they had a Republican Congress) you can still say, "Clinton Did It", you are not facing the problem.

For arguments sake, lets say Clinton masterfully manipulated the economy to collapse as soon as Bush took office. This assumes that Clinton knew Bush was going to take the election with less than the popular vote, or he was gonna stick his Colleague Al Gore with a Bad Economy.

Lets say the Former was true, and Clinton Knew Bush was gonna steal the election so he sabotaged it, Why hasn't Bush been able to FIX THE DAMN ECONOMY IN 8 YEARS?? IS he truly that incompetent? If so, isn't it true that Republicans will reelect incompitance because their Party wants them too?

Blind Faith and Blind Loyalty got us in this mess, it's past time to get real and start thinking logicaly!


We are all promised a Chicken-in-Every pot every four years........BY ALL OF THE PARTIES . Has anyone fixed it yet?? Can any President wave his magic wand and fix everything? ,,,,,,,,,and NAFTA was Clintons baby


Last edited by jayro on Tue Jan 13, 2009 4:00 pm, edited 1 time in total.

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Posted: Tue Jan 13, 2009 3:56 pm
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FirstMeasure wrote:
cvilleira wrote:
-Ryco wrote:
cvilleira wrote:
The people who pushed this through in 1999 made their big money and ran leaving us to hold the bill. Look who was in office at that time and you will see who is to blame. Think about it.
Yeah, that Republican Congress was really a bunch of greedy bastids, weren't they!

Politicians all greedy but this was Clinton's baby. Gramm tried to change or stop it.
This is from CNN News

Democrats had charged that provisions of the bill championed by Gramm would have rolled back the reinvestment act, something the White House repeatedly said it could not accept. Full details of the agreement were not available, but it appeared both sides had given ground.
An administration official who told CNN of the compromise said the White House "didn't yield to everything Senator Gramm wanted on regulatory relief, but there were concessions made that facilitated that agreement."
Gramm agreed that banks should have a satisfactory reinvestment rating before being permitted to merge with insurers or securities companies. The administration accepted less-frequent compliance examinations for some small banks and some public disclosure of deals between banks and community groups.
The conference committee approved the outline of the deal without seeing the formal language. The bill must now be signed by the majority of the conferees before it can go back to the House and Senate and be sent to the president.
Leach said he hoped the final product would be ready by early next week and would be passed quickly.
Some Democrats said they were pleased with the framework that had been agreed on and hoped that the bank reform effort could finally go forward.

"Admitting that you have a problem is half the battle" they say. If after 8 years of Bush and Cheney's Bungling (6 years of which they had a Republican Congress) you can still say, "Clinton Did It", you are not facing the problem.

For arguments sake, lets say Clinton masterfully manipulated the economy to collapse as soon as Bush took office. This assumes that Clinton knew Bush was going to take the election with less than the popular vote, or he was gonna stick his Colleague Al Gore with a Bad Economy.

Lets say the Former was true, and Clinton Knew Bush was gonna steal the election so he sabotaged it, Why hasn't Bush been able to FIX THE DAMN ECONOMY IN 8 YEARS?? IS he truly that incompetent? If so, isn't it true that Republicans will reelect incompitance because their Party wants them too?

Blind Faith and Blind Loyalty got us in this mess, it's past time to get real and start thinking logicaly!

Both Clinton and Bush are to blame. The problem is that people want to blame one party and don't want to admit it is both parties and the way politics has become. Clinton put things in place the Bank Reform bill was one of the worst thing that could have been done and the Republican just caved in and went for there piece. Then bush came along and did nothing his agenda went in a direction that just help the economy slide in the hole.Economic decisions take years before the effects are felt I remember my Professor talking about this bill one night in class with us and can say some of us thought that it was going to be a boom for Banking and Investestment for at least 5 years but that it would fail because of the availibility to sustain it. You can not lend money to people who can not afford to pay it back and call it investing in redeveloping communities.

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Thomas Jefferson


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Post subject:
Posted: Tue Jan 13, 2009 4:03 pm
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cvilleira wrote:
FirstMeasure wrote:
cvilleira wrote:
-Ryco wrote:
cvilleira wrote:
The people who pushed this through in 1999 made their big money and ran leaving us to hold the bill. Look who was in office at that time and you will see who is to blame. Think about it.
Yeah, that Republican Congress was really a bunch of greedy bastids, weren't they!

Politicians all greedy but this was Clinton's baby. Gramm tried to change or stop it.
This is from CNN News

Democrats had charged that provisions of the bill championed by Gramm would have rolled back the reinvestment act, something the White House repeatedly said it could not accept. Full details of the agreement were not available, but it appeared both sides had given ground.
An administration official who told CNN of the compromise said the White House "didn't yield to everything Senator Gramm wanted on regulatory relief, but there were concessions made that facilitated that agreement."
Gramm agreed that banks should have a satisfactory reinvestment rating before being permitted to merge with insurers or securities companies. The administration accepted less-frequent compliance examinations for some small banks and some public disclosure of deals between banks and community groups.
The conference committee approved the outline of the deal without seeing the formal language. The bill must now be signed by the majority of the conferees before it can go back to the House and Senate and be sent to the president.
Leach said he hoped the final product would be ready by early next week and would be passed quickly.
Some Democrats said they were pleased with the framework that had been agreed on and hoped that the bank reform effort could finally go forward.

"Admitting that you have a problem is half the battle" they say. If after 8 years of Bush and Cheney's Bungling (6 years of which they had a Republican Congress) you can still say, "Clinton Did It", you are not facing the problem.

For arguments sake, lets say Clinton masterfully manipulated the economy to collapse as soon as Bush took office. This assumes that Clinton knew Bush was going to take the election with less than the popular vote, or he was gonna stick his Colleague Al Gore with a Bad Economy.

Lets say the Former was true, and Clinton Knew Bush was gonna steal the election so he sabotaged it, Why hasn't Bush been able to FIX THE DAMN ECONOMY IN 8 YEARS?? IS he truly that incompetent? If so, isn't it true that Republicans will reelect incompitance because their Party wants them too?

Blind Faith and Blind Loyalty got us in this mess, it's past time to get real and start thinking logicaly!

Both Clinton and Bush are to blame. The problem is that people want to blame one party and don't want to admit it is both parties and the way politics has become. Clinton put things in place the Bank Reform bill was one of the worst thing that could have been done and the Republican just caved in and went for there piece. Then bush came along and did nothing his agenda went in a direction that just help the economy slide in the hole.Economic decisions take years before the effects are felt I remember my Professor talking about this bill one night in class with us and can say some of us thought that it was going to be a boom for Banking and Investestment for at least 5 years but that it would fail because of the availibility to sustain it. You can not lend money to people who can not afford to pay it back and call it investing in redeveloping communities.


+1


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Posted: Tue Jan 13, 2009 4:16 pm
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does it matter who's to blame. All these ex-presidents are sitting pretty on fat matresses stuffed with taxpayers money.
The real issue is, why havent we got a politician strong enough to earn their wage and force the banks back into line?
I couldnt imagine thatcher sitting quietly on this one or trying to take a reasonable approach. It would be, 'start trading fairly again or close your doors for good'.
if you really want to get things done you need a dictator.

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Posted: Tue Jan 13, 2009 4:22 pm
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I was laid off from a very well paying software development job back in mid 2003. During the next 3.5 years I tried to make a go at it making some furniture and a bit of custom cabinetry. I was also sending my resume and cover letter to some 100+ companies in Southern California with very few hits. The wife and I ended up having to refinance our house to an interest only type loan and rolled our car loan into it as well. We worked diligently at reducing our expenses and such. In late 2007 I had to find work and ended up at Home Depot working in their Tool Rental dept. I had basically given up and resigned myself to a career there. After about 6 months, I got a call out of the blue from my current manager at a company that I spent 3.5 years working back in the late 90's. A few interviews later and I was working again earning a decent wage. Well.... decent enough to afford a new guitar, pedal or amp once in a while. :)

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Posted: Tue Jan 13, 2009 4:39 pm
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Warpfield wrote:
I was laid off from a very well paying software development job back in mid 2003. During the next 3.5 years I tried to make a go at it making some furniture and a bit of custom cabinetry. I was also sending my resume and cover letter to some 100+ companies in Southern California with very few hits. The wife and I ended up having to refinance our house to an interest only type loan and rolled our car loan into it as well. We worked diligently at reducing our expenses and such. In late 2007 I had to find work and ended up at Home Depot working in their Tool Rental dept. I had basically given up and resigned myself to a career there. After about 6 months, I got a call out of the blue from my current manager at a company that I spent 3.5 years working back in the late 90's. A few interviews later and I was working again earning a decent wage. Well.... decent enough to afford a new guitar, pedal or amp once in a while. :)

AAhha There is a silver lining after all! Thans for a ray of light in a seemingly dark tunnel. My heart goes out to those who have lost their jobs.
Our company has downsized quite a bit, but thankfully I am still working.
I am not doing DC power, I am now on the A/C side of the company.
I havent worked D/C for about 6 mo. with no prospects coming in the near future. Again I am very thankful, and hope those who are looking for work, find it soon.


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Posted: Tue Jan 13, 2009 4:51 pm
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cvilleira wrote:
FirstMeasure wrote:
cvilleira wrote:
-Ryco wrote:
cvilleira wrote:
The people who pushed this through in 1999 made their big money and ran leaving us to hold the bill. Look who was in office at that time and you will see who is to blame. Think about it.
Yeah, that Republican Congress was really a bunch of greedy bastids, weren't they!

Politicians all greedy but this was Clinton's baby. Gramm tried to change or stop it.
This is from CNN News

Democrats had charged that provisions of the bill championed by Gramm would have rolled back the reinvestment act, something the White House repeatedly said it could not accept. Full details of the agreement were not available, but it appeared both sides had given ground.
An administration official who told CNN of the compromise said the White House "didn't yield to everything Senator Gramm wanted on regulatory relief, but there were concessions made that facilitated that agreement."
Gramm agreed that banks should have a satisfactory reinvestment rating before being permitted to merge with insurers or securities companies. The administration accepted less-frequent compliance examinations for some small banks and some public disclosure of deals between banks and community groups.
The conference committee approved the outline of the deal without seeing the formal language. The bill must now be signed by the majority of the conferees before it can go back to the House and Senate and be sent to the president.
Leach said he hoped the final product would be ready by early next week and would be passed quickly.
Some Democrats said they were pleased with the framework that had been agreed on and hoped that the bank reform effort could finally go forward.

"Admitting that you have a problem is half the battle" they say. If after 8 years of Bush and Cheney's Bungling (6 years of which they had a Republican Congress) you can still say, "Clinton Did It", you are not facing the problem.

For arguments sake, lets say Clinton masterfully manipulated the economy to collapse as soon as Bush took office. This assumes that Clinton knew Bush was going to take the election with less than the popular vote, or he was gonna stick his Colleague Al Gore with a Bad Economy.

Lets say the Former was true, and Clinton Knew Bush was gonna steal the election so he sabotaged it, Why hasn't Bush been able to FIX THE DAMN ECONOMY IN 8 YEARS?? IS he truly that incompetent? If so, isn't it true that Republicans will reelect incompitance because their Party wants them too?

Blind Faith and Blind Loyalty got us in this mess, it's past time to get real and start thinking logicaly!

Both Clinton and Bush are to blame. The problem is that people want to blame one party and don't want to admit it is both parties and the way politics has become. Clinton put things in place the Bank Reform bill was one of the worst thing that could have been done and the Republican just caved in and went for there piece. Then bush came along and did nothing his agenda went in a direction that just help the economy slide in the hole.Economic decisions take years before the effects are felt I remember my Professor talking about this bill one night in class with us and can say some of us thought that it was going to be a boom for Banking and Investestment for at least 5 years but that it would fail because of the availibility to sustain it. You can not lend money to people who can not afford to pay it back and call it investing in redeveloping communities.

As Voters we are expected to Blame one Party. That's the Party In The Whitehouse, Period! I'd Love to go into, "Oh Yeah, Bush Sr. did this, and Reagan Did That, and Carter Did This and Really it's All FDR's Fault." But that's pointless.

It should be really easy for a Voter, when the Incumbent doesn't do his job, you vote against him. And trust me, if Obama doesn't Show signs of competence, I will Vote Against Him In 2012

We live in a Democracy. The Declaration of Independence states that it's Our Fualt, as Voters, when things go wrong. You must attach yourself to the blame. "Ya know, Fool me Once, Shame on.............Me?...You?.....Fool me Twi......I won't Be Fooled Again."

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Posted: Tue Jan 13, 2009 5:14 pm
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FirstMeasure wrote:
cvilleira wrote:
FirstMeasure wrote:
cvilleira wrote:
-Ryco wrote:
cvilleira wrote:
The people who pushed this through in 1999 made their big money and ran leaving us to hold the bill. Look who was in office at that time and you will see who is to blame. Think about it.
Yeah, that Republican Congress was really a bunch of greedy bastids, weren't they!

Politicians all greedy but this was Clinton's baby. Gramm tried to change or stop it.
This is from CNN News

Democrats had charged that provisions of the bill championed by Gramm would have rolled back the reinvestment act, something the White House repeatedly said it could not accept. Full details of the agreement were not available, but it appeared both sides had given ground.
An administration official who told CNN of the compromise said the White House "didn't yield to everything Senator Gramm wanted on regulatory relief, but there were concessions made that facilitated that agreement."
Gramm agreed that banks should have a satisfactory reinvestment rating before being permitted to merge with insurers or securities companies. The administration accepted less-frequent compliance examinations for some small banks and some public disclosure of deals between banks and community groups.
The conference committee approved the outline of the deal without seeing the formal language. The bill must now be signed by the majority of the conferees before it can go back to the House and Senate and be sent to the president.
Leach said he hoped the final product would be ready by early next week and would be passed quickly.
Some Democrats said they were pleased with the framework that had been agreed on and hoped that the bank reform effort could finally go forward.

"Admitting that you have a problem is half the battle" they say. If after 8 years of Bush and Cheney's Bungling (6 years of which they had a Republican Congress) you can still say, "Clinton Did It", you are not facing the problem.

For arguments sake, lets say Clinton masterfully manipulated the economy to collapse as soon as Bush took office. This assumes that Clinton knew Bush was going to take the election with less than the popular vote, or he was gonna stick his Colleague Al Gore with a Bad Economy.

Lets say the Former was true, and Clinton Knew Bush was gonna steal the election so he sabotaged it, Why hasn't Bush been able to FIX THE DAMN ECONOMY IN 8 YEARS?? IS he truly that incompetent? If so, isn't it true that Republicans will reelect incompitance because their Party wants them too?

Blind Faith and Blind Loyalty got us in this mess, it's past time to get real and start thinking logicaly!

Both Clinton and Bush are to blame. The problem is that people want to blame one party and don't want to admit it is both parties and the way politics has become. Clinton put things in place the Bank Reform bill was one of the worst thing that could have been done and the Republican just caved in and went for there piece. Then bush came along and did nothing his agenda went in a direction that just help the economy slide in the hole.Economic decisions take years before the effects are felt I remember my Professor talking about this bill one night in class with us and can say some of us thought that it was going to be a boom for Banking and Investestment for at least 5 years but that it would fail because of the availibility to sustain it. You can not lend money to people who can not afford to pay it back and call it investing in redeveloping communities.

As Voters we are expected to Blame one Party. That's the Party In The Whitehouse, Period! I'd Love to go into, "Oh Yeah, Bush Sr. did this, and Reagan Did That, and Carter Did This and Really it's All FDR's Fault." But that's pointless.

It should be really easy for a Voter, when the Incumbent doesn't do his job, you vote against him. And trust me, if Obama doesn't Show signs of competence, I will Vote Against Him In 2012

We live in a Democracy. The Declaration of Independence states that it's Our Fualt, as Voters, when things go wrong. You must attach yourself to the blame. "Ya know, Fool me Once, Shame on.............Me?...You?.....Fool me Twi......I won't Be Fooled Again."

Yes but what it comes down to is a very large number of voters vote for who they are told to by commuties leaders making a living off of despair then others just vote party line. It is sad how uninformed so many voters are and the best people don't even want to run for office and who could blame them with what they are put through. I see no light at the end of the tunnel when people get named be Senator just because there neme is Kennedy or Jackson and that list just goes on in local communities. Heck I live in Maryland the One Party State for 50 plus years ( except 4 yr. of Repub. Gov. Ehrlich best 4 years since Democrat. Gov Schaffer) Nuf said Peace :wink:

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Fender Play Winter Sale 2020

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