Yes We Can 2.0

Good grief! Now I really hope the R’s win! I’m disgusted w/ his ALWAYS pointing the finger! Why doesn’t he do his job…figure out Afghan., jobs…wait, he’ll have more mtgs, more photo-o’s, more bs! He’s sick & if Corzine wins, NJ deserves all the crap it’s got & the more that’ll come w/ Corzine & his BFF BO-BO in charge! Hopefully they’re not so stupid but I’m not as optimistic as I was b4 BO-BO came into office!

Drag out the lame worn out slogans that started in 2007. Almost 3 years old and still working on those saps.
Fired Up–Ready to go
Hope and Change
Yes We can

Awwww
It was so touching seeing those two multi-millionaires up on the stage selling their snakeoil.
Making Goldman Sachs proud.

But it can be blamed on one man who doesn’t even write the laws or control the treasury?
__________________________________
Eight years after arriving in Washington vowing to spread the dream of homeownership, Mr. Bush is leaving office, as he himself said recently, “faced with the prospect of a global meltdown” with roots in the housing sector he so ardently championed.
There are plenty of culprits, like lenders who peddled easy credit, consumers who took on mortgages they could not afford and Wall Street chieftains who loaded up on mortgage-backed securities without regard to the risk.
But the story of how we got here is partly one of Mr. Bush’s own making, according to a review of his tenure that included interviews with dozens of current and former administration officials.
From his earliest days in office, Mr. Bush paired his belief that Americans do best when they own their own home with his conviction that markets do best when let alone.
He pushed hard to expand homeownership, especially among minorities, an initiative that dovetailed with his ambition to expand the Republican tent — and with the business interests of some of his biggest donors. But his housing policies and hands-off approach to regulation encouraged lax lending standards.

Wow 14,000 that seem pretty happy to re-elect a proven tax and spend liberal.
And a very unpopular one at that.
If New Jersey is stupid enough to reelect Corzine then they deserve the taxes they get.

As early as 2006, top advisers to Mr. Bush dismissed warnings from people inside and outside the White House that housing prices were inflated and that a foreclosure crisis was looming. And when the economy deteriorated, Mr. Bush and his team misdiagnosed the reasons and scope of the downturn; as recently as February, for example, Mr. Bush was still calling it a “rough patch.”
The result was a series of piecemeal policy prescriptions that lagged behind the escalating crisis.
“There is no question we did not recognize the severity of the problems,” said Al Hubbard, Mr. Bush’s former chief economics adviser, who left the White House in December 2007. “Had we, we would have attacked them.”

Blaming Bush.
Bush was so bad that Obama decided to keep many of his policies in place.
Must be hard for the left to stomach.
When will Obama ever grow up?

Go Tirra! I hope this job wrks out for u!

The Obama Administration gets more rediculous every day.
Axelrod said “They overpromised” with regard to H1N1 vaccines.
Overpromised–that will be Obama’s legacy.
Valerie Jarrett says the GOP is becoming more extreme.
This from the woman that recruited communist and truther Van Jones into the Obama Administration.
If this administration wasn’t so detrimental to our future they would be comical.

“…doubled the troops in Afghanistan and ordered an assessment as part of a thorough policy review pertaining to the war in Afghanistan…”
Of course what he’s been assessing since early August is his very own policy, which he announced with great fanfare on March 27. And 145 guys have been killed since he started mulling over his hand-picked commander’s request for reinforcements.
But it’s sure mighty fine that he’s got that Council on Women and Girls up and running.
Thre million Americans have lost their jobs on this guy’s watch.

Axelrod said “They overpromised” with regard to H1N1 vaccines.
____________________________________
Yes, and you can’t read a complete sentence. . .
David Axelrod said the administration made promises based on what they were promised by manufacturers – but the manufacturers of the vaccine were wrong when they advised the administration earlier this year that they would have 40 million doses ready near the end of October.
Instead, only 28 million doses of vaccine were available.
Axelrod says 10 million more doses are expected to be available this week. He predicted that the U.S. will have all the vaccine it needs “in very short order.”

Here’s another Obama policy we can all celebrate:
“Terrorism suspects held at the Guantanamo Bay naval base will soon get swine flu vaccines, despite complaints that American civilians should have priority, a military spokesman said Sunday.”

“but the manufacturers of the vaccine were wrong when they advised the administration earlier this year that they would have 40 million doses ready near the end of October.”
__________________________________
It’s pretty simple to understand MayBee, the private manufacturers were unable to provide the vaccines at the rate they promised. However, they are quickly catching up.
No that difficult to wrap your mind around really.

Posted by: Fascist Hyena | Nov 1, 2009 6:18:15 PM
Gallup has Obama at 55% approval rating with 38% opposed.
Also 55% trust Obama on health care; only 37% trust Republicans in Congress.
Your wishful thinking keeps getting betrayed by reality.

When will the “It’s the last guy’s fault” harangue finally run its course? Doesn’t Obama know that whine is only effective in Democratic echo chambers like a Corzine campaign stop? Out here in the real world it sounds flaccid and sophomoric. Below his pay grade, if you will. Give it up already.

Gallup polls “adults,” not voters. And Gallup last week reportrd that among adults Obama has recorded the largest quarter-to-quarter drop in approval in 50 years of polling.
Obama’s average approval in polls of registered/ likely voters is 48.0%.

Posted by: Fascist Hyena | Nov 1, 2009 6:45:05 PM
Gallup has Obama’s approval rating at 55%, and his disapproval rate at 38%.
These are very similar ratings to President Reagan who also was faced with a very severe economy.

I haven’t seen other world leaders blame their problems on who was in office before them.
Obama does it almost daily.
And he even does it when visiting other countries.
If Obama can’t blame Bush then it’s Fox news.
He needs to man up and start taking responsibility.

“He needs to man up and start taking responsibility.”
I haven’t seen any Republicans ‘man up’ and take responsibility for wrecking our economy. The best thing that could happen to the Republican party would be for everybody to forget about the worst president in modern history: George W Bush. You’re not going to shame us into obliging that after right-wingers shamelessly tried to blame the financial crisis on the Democrats which they derided as the ‘do nothing’ congress.

Corzine has run the most corrupt state in the union and the corruption expanded exponentially under his administration.
Anyone but Corzine and this goes way beyond party lines.

“If memory serves, I believe that the Democrats in Congress had a little something to do with this. You remember a guy named Barney Frank?”
See? You guys pass the buck every single time. But your memory failed to recall that Barney Frank and the Democratic congress passed regulations on Freddie and Frannie within months of getting control of the House.
“You know, the Democrats who wanted to allow everyone a home regardless of their ability to pay for it?”
No, the Democrats wanted banks to write mortgages so that lower income folks could afford to own a home. Sub-prime loans for everybody must have been a Republican idea.

“How many powerful, connected Democrats personally made millions of off Freddie and Fannie?”
__________________________________
Asking a question in order to pretend it’s fact is lame. There were many Republicans with their hands dipped into this, and other financial institutions that essentially skimmed off millions and then watched it all collapse.
Bush’s role is not to be underestimated – his housing policies and hands-off approach to regulation encouraged lax lending standards and this contributed strongly to the eventual collapse of the housing market, the record number of foreclosures, and the associated collapse of financial industries.

“Bush’s role is not to be underestimated – his housing policies and hands-off approach to regulation encouraged lax lending standards and this contributed strongly to the eventual collapse of the housing market, the record number of foreclosures, and the associated collapse of financial industries.”
Bush attempted to regulate Fannie/Freddie multiple times starting in 2003 and was stonewalled by numerous Democrats who claimed everything was A-OK. The books were cooked. Nobody went to prison. Frank Raines and Jim Johnson walked off with millions before both companies collapsed. Their corruption was never addressed.
Fannie/Freddie and most financial institutions were run by DEMOCRATS. The New York Times documented the corruption extensively in their online archives. Look for yourself. Google “New Agency Proposed to Oversee Freddie Mac and Fannie Mae”.
From the article, Frank is quoted… ”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

Mr. Bush did foresee the danger posed by Fannie Mae and Freddie Mac, the government-sponsored mortgage finance giants . . . but was unwilling to compromise when his former Treasury secretary wanted to cut a deal. And the regulator Mr. Bush chose to oversee them — an old prep school buddy — pronounced the companies sound even as they headed toward insolvency.
From his earliest days in office, Mr. Bush paired his belief that Americans do best when they own their own home with his conviction that markets do best when let alone.
He pushed hard to expand homeownership, especially among minorities, an initiative that dovetailed with his ambition to expand the Republican tent — and with the business interests of some of his biggest donors. But his housing policies and hands-off approach to regulation encouraged lax lending standards.

“He pushed hard to expand homeownership, especially among minorities, an initiative that dovetailed with his ambition to expand the Republican tent — and with the business interests of some of his biggest donors. But his housing policies and hands-off approach to regulation encouraged lax lending standards.”
You should credit the NYT when you quote them.
Yes, Bush was a liberal. We already know that.
Apparently powerful Democrats who provided oversight for Fannie/Freddie, who normally LOVE regulation, didn’t care for it when it came to those two GSE’s. I wonder why nobody went to prison for cooking the books at Fannie/Freddie, whose eventual collapses cost taxpayers hundreds of billions (several times more than Enron/WorldCom). And I wonder why Democrats who now run Congress can’t be bothered to bring anyone to justice for all that corruption. Must be that new “Era of Responsibility” Obama has ushered in.

“Yes, Bush was a liberal. We already know that.”
_____________________________________
We also know the Republicans had control of the Presidency, the Congress and the Senate back in the year you refer to – 2003.
Please don’t blame their legislative ineptness regarding Fannie and Freddie on the Democrats.

“No, the Democrats wanted banks to write mortgages so that lower income folks could afford to own a home.”
Is this person actually literate, or is this some kind of joke?
A mortgage written to a “lower-income folk” to whom it would otherwise not be written is called a “sub-prime” mortgage. (We cynics have from the beginning called it “lending money to people who can’t pay it back.”)
Such loans were made at the active encouragement, and often with the coercion, of your all-knowing federal government dating back more than thirty yeas. Both parties, in both the congress and the White House, were complicit.
The worst excesses came when the lenders were assured that Fannie and Freddie would promptly buy up their cuckoo loans, which they did to the great benefit of the personal fortunes of Frank Raines and Jamie Gorelick.
But not to worry: when they take control of your healthcare, they’ll get everything right. I mean, look at the 1,990 pages of Pelosicare and ask yourself, “what could go wrong?”

“Bush attempted to regulate Fannie/Freddie multiple times starting in 2003 and was stonewalled by numerous Democrats who claimed everything was A-OK.”
No right-winger who ever posted on these pages has ever explained how the Republicans actually attempted to regulate Frannie and Freddie or any other firm, or explained how the Democrats stopped them from doing something they never even tried to do while the Republicans had majorities in Washington. The only half-hearted attempt the Republicans made to write a bill died in a Republican controlled Senate committee. If the Republicans really wanted to pass regulations they must have been totally inept. The reality was that they opposed government regulations in principle. For this reason when the Democrats finally were working on a bill to regulate Freddie and Frannie after they got control of the House many Republicans voted AGAINST it. They didn’t want anybody to slow down their runaway gravy-train: the housing bubble.

“Is this person actually literate, or is this some kind of joke?”
Nobody has been able to show that there is anything wrong with structuring mortgages so lower income people can afford to buy a home or that it cannot be profitable. Sub-prime mortgages for everybody was the joke. Why didn’t the Federal Reserve use it’s regulatory powers during the Bush years to stop them?

This is from Public Policy Polling:
“Chris Christie leads Jon Corzine 47-41 in PPP’s final poll of the New Jersey Governor’s race, with Chris Daggett at 11%.
“Corzine had pulled to within a point of Christie on our poll three weeks ago after trailing by as many as 14 points over the summer, but his momentum has stalled since then and Christie’s built his lead back up to 4 points last week and now 6.”
Very nice, but I’ve never had much confidence in state polls.

“Nobody has been able to show that there is anything wrong with structuring mortgages so lower income people can afford to buy a home or that it cannot be profitable. ”
Nobody except all the financial institutions that went into free-fall in September of 2008. And of course anyone(like Skip, say) who wants to come up with a structure of the kinds that dance like sugar-plums in his head is free to do so, and become fabulously wealthy in the process. Nothing quite so wonderful as doing well by doing good, don’t you know? Have at it, Skip–structure away. After all, no one’s ever shown that it can’t be done, right? You’ve found your niche, Skip–now go for it!

Posted by: Fascist Hyena | Nov 1, 2009 11:55:06 PM
Your comments were already addressed if you had continued to read . ..
We know the Republicans had control of the Presidency, the Congress and the Senate back in the year when Bush was supposedly attempting to reform Fannie and Freddy.
The Republicans failed to get reforms through and failed miserably due to their legislative ineptness. In part this was because Bush was unwilling to compromise when his former Treasury secretary wanted to cut a deal. In fact the Republicans gave up and let the whole thing die in committee. There’s commitment for you.
Don’t blame the Republicans’ legislative ineptness regarding Fannie and Freddie on the Democrats.
It actually requires some finesse and expertise to be successful in the United States legislative process – something sadly lacking in this example.

Why didn’t the Federal Reserve use it’s regulatory powers during the Bush years to stop them?
Posted by: Skip | Nov 1, 2009 11:01:55 PM
I believe that the Federal Reserve made their move in December, 2007 – during the Bush administration but too late (although I don’t know when the problem first started surfacing). While setting restrictions for the future, no liability was brought to bear on past loans.

===
That’s a good point Axey, which is why I think the Democrats should abandon chasing this hopeless bi-partisan baloney and ram through a public option while they have the chance.===
Me too. Ram it through. Who needs republicans? 51% of the country doesn’t care, according to ABC’s own poll. Go for it!

===republicans r not stopping this, popular opinion is. ===
I know. And the democrats know it too.

Facist why don’t you go right ahead and tell us all what crimes Franklin Raines and Jamie Gorelick were convicted of . ..
Speak up now . ..
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“We all know they “walked away” with tens of millions while Barney Frank, Chriss Dodd and Maxine Waters covered for them. It’s hypocrisy as they now hold other execs to a different standard. Convicted? No. Guilty? Yes.”
Posted by: Visualize Whirled Peas | Nov 2, 2009 9:44:07 AM
Oh yes, you ‘know’ and therefor they are guilty.
We need people like you on juries, to convict people regardless of ‘proof’ just because you ‘know’.
“Facsist” indeed . ..

Skip, Tierra and others, Google the following: “Fannie Mae: The New York Times rides to the rescue of the GOP.”
It’s interesting that the former CEO Franklin Raines, CFO Timothy Howard, Vice Chair Jamie Gorelick and CEO Jim Johnson reaped a combined total of $167,750,624 in compensation from Fannie Mae from 1998-2003.