Re: OT - How to think like a repubelican
- From: aluckyguess <aluckyguess@xxxxxxxxx>
- Date: Fri, 3 Oct 2008 19:15:17 -0700 (PDT)
On Oct 3, 2:00 pm, VicXnews <n...@xxxxxxxx> wrote:
theBZA <dewey3kNOS...@xxxxxxxxx> wrote innews:Xns9B2CA9FE1CBdewey3kNOSPAMgmailco@xxxxxxxxxxx:
Props to ChrisC for clueing me in:
1) The current financial crisis has nothing at all to do with George W.
Bush, his policies, the 6 years the republicans controlled congress,
their laissez-faire, let the markets do whatever they want, get the
government out of the way attitudes. No, the current crisis is entire
because of a 30 year old law passed when Jimmy Carter was president. The
CRA encouraged banks to sell mortgages to lower income families in the
inner cities. Thing is this: the CRA regulates banks and only 19% of
mortgages at banks are "subprime." Compare that to 45% of mortgages at
investment and mortgage companies that are "subprime". But you know, who
needs facts, right?
2) The economic mess of the late 70s was 100% Jimmy Carter's fault even
though he was a one term president who took office IN THE MIDDLE OF A
GAS CRISIS. Nevermind the oil embargo started in 1973, when a republican
was president. Nevermind that Nixon took us off the Bretton Woods
standard and caused a sharp devaluation of our currency (sounds
familiar, no?). No, within minutes of assuming the presidency, Jimmy
Carter created the entire economic mess - and he also created our
current ecnomic mess. *** Cheney can only wish he so much power.
Good job Chris.
go easy on him...he's all little bit slow...show your liberal compassion
towards him...but you hit the nail on the head and if the truth hurts so be
it- Hide quoted text -
- Show quoted text -
Is it a republican congress or a democrackit congress? That is who is
in control. Im sure you know that.
.
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