Blaming the fact that Dems controlled Congress since 2007-- when the collapse was already slowly beginning (http://calculatedrisk.blogspot.com/2005/08/krugman-housing-bubble-will-burst.html), and had been under the radar for some time-- is something I doubt even most conservatives really believe in private. Especially as the GOP laughingly bragged (http://politics4geekz.blogspot.com/2007/03/ladies-and-gentlemen-your-republican_10.html) about blocking the Democratic agenda (with filibusters, vetoes, etc) over the past 2 years, it's now weird to see them insisting the Dems brought down the entire economy in less than one year by... well, who knows. And also amusing is conservatives, after cheerleading a massive Bush-era expansion of executive power and reach, acting as if the President of the United States was/is irrelevant to what has happened to the country. Yes, it's alll quite amusing.
Intellectual honesty, you need it (http://www.balloon-juice.com/?p=14290).
Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits. (http://query.nytimes.com/gst/fullpage.html?res=9c0de7db153ef933a0575ac0a96f958260&sec=&spon=&pagewanted=all)
that's a nice article and all, but it doesn't really have anything to do with my point that, in 1999, some new york times columnist predicted this whole thing happening in the future; thus, couldn't it have been avoided if the clinton administration didn't start the ball rolling?
The U.S. economy is an intricate piece of advanced technology that circles the earth due to a properly calculated planetary orbit and is only servicable by regular space shuttle missions?
...Or did the cartoonist just want to quote the Apollo 13 crew?
No, now we're saying that political cartoons use metaphors to make their point -- if the space station is supposed to be the U.S. economy then a GOOD cartoonist would have chosen that for a reason.
The EXECUTIVE BRANCH is in charge of ECONOMIC POLICY. The Secretary of the Treasury is part of the EXECUTIVE Branch. The Chairman of the Fed works for the PRESIDENT. The economic policies that have led to this disaster is the fault of the BUSH ADMINISTRATION.
Does the executive submit a budget to the legislature or is it the other way around? Because it seems to me that the one submitting the budget would be the one in charge of the economic policy of the nation.
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Date: 2008-12-04 05:39 am (UTC)Thank goodness Pelosi and Reid were there to change out the parts.
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Date: 2008-12-04 02:21 pm (UTC)no subject
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Date: 2008-12-04 06:28 am (UTC)no subject
Date: 2008-12-04 01:54 pm (UTC)(no subject)
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Date: 2008-12-04 02:22 pm (UTC)What 'edgar_suit' said.
Blaming the fact that Dems controlled Congress since 2007-- when the collapse was already slowly beginning (http://calculatedrisk.blogspot.com/2005/08/krugman-housing-bubble-will-burst.html), and had been under the radar for some time-- is something I doubt even most conservatives really believe in private. Especially as the GOP laughingly bragged (http://politics4geekz.blogspot.com/2007/03/ladies-and-gentlemen-your-republican_10.html) about blocking the Democratic agenda (with filibusters, vetoes, etc) over the past 2 years, it's now weird to see them insisting the Dems brought down the entire economy in less than one year by... well, who knows. And also amusing is conservatives, after cheerleading a massive Bush-era expansion of executive power and reach, acting as if the President of the United States was/is irrelevant to what has happened to the country. Yes, it's alll quite amusing.
Intellectual honesty, you need it (http://www.balloon-juice.com/?p=14290).
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Date: 2008-12-04 09:38 pm (UTC)(no subject)
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Date: 2008-12-04 09:36 pm (UTC)no subject
Date: 2008-12-04 06:39 am (UTC)Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits. (http://query.nytimes.com/gst/fullpage.html?res=9c0de7db153ef933a0575ac0a96f958260&sec=&spon=&pagewanted=all)
Oh, wait.
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Date: 2008-12-04 09:00 am (UTC)no subject
Date: 2008-12-04 01:00 pm (UTC)(no subject)
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Date: 2008-12-04 09:39 pm (UTC)no subject
Date: 2008-12-04 02:16 pm (UTC)no subject
Date: 2008-12-04 06:29 pm (UTC)(no subject)
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Date: 2008-12-05 06:28 pm (UTC)no subject
Date: 2008-12-04 02:20 pm (UTC)The U.S. economy is an intricate piece of advanced technology that circles the earth due to a properly calculated planetary orbit and is only servicable by regular space shuttle missions?
...Or did the cartoonist just want to quote the Apollo 13 crew?
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Date: 2008-12-04 06:21 pm (UTC)no subject
Date: 2008-12-04 06:24 pm (UTC)(no subject)
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Date: 2008-12-04 08:41 pm (UTC)Fail.
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Date: 2008-12-04 09:43 pm (UTC)Epic fail.
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Date: 2008-12-04 09:49 pm (UTC)Epic fail indeed.
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Date: 2008-12-04 10:47 pm (UTC)The buck stops here and all that.
P.S> Your cheerleaders are cute!
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Date: 2008-12-04 10:57 pm (UTC)