The Bush administration engineered the housing/credit bubble in order to finance the wars in Iraq and Afghanistan. Otherwise they would have had to raise taxes, raise the interest rates and re-institute the draft. Fannie Mae and Freddie Mac were brought on board four years later, with Democratic demands of comprehensive oversight and regulation, which the Republicans, as usual, refused.
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Major Major
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OK, Chevy. Have it your way: the Clinton administration may have engineered the credit bubble to mitigate the damage of the dotcom bubble, but the Bush administration reverse-engineered it to finance their wars in Iraq and Afghanistan. On a side note, I'm getting tired of listening to conservatives blame the victims of foreclosure for the crimes of those who deregulated the financial industry for private profit. It's sort of like referring to Fannie Mae and Freddie Mac as Uncle Ben and Aunt Jemima. The Democrats have been tacking to starboard to stay in the race, given the racist foundations of the …
Posted to The End of Aggressive Ignorance?
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Right. But at least the liberals and progressives who support him will enjoy the moral victory of watching him lose the general election. As for Clinton's - and the Democrats' - support of the Iraq War resolution: the congressional Democrats lined up along party lines in opposition to the Persian Gulf resolution fifteen years ago, and they got plastered in the following two elections. According to some progressives they should have committed political suicide in 2002 and voted against the IWR. The progressives are as much of a drag on the Democratic party as the fundamentalists are on the Republican party, …
Posted to Hillary for Class President
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"The answer is so very simple, but you and your type will not understand. White America does not care about race. We arent voting for Obama...because he is black. " "...a glimmer of what America is really like."
Posted to The Man or the Movement
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Only monarchies have succession crises. If the US truly had the "government of laws, not of men" that it says, right on the label, that it has in its republic, it would be a matter of no great consequence which individual happened to fill any particular office in our republic at any given time. We only have a succession problem because we have let the presidency become a quadrennially elected monarchy. We don't at all like to admit that we have abandoned the republic we gave ourselves in the Constitution. Because of this, we will never be able to reform …
Posted to The Nadir of Nader
- Joined August 19, 2005
- Last Visit November 18, 2008
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