The REAL reason Behind The Collapse Of America, And Obama is helping it along!!
Posted in the Caruthersville Forum
#1 Jul 10, 2014
NAFTA, in combination with other economic legislation, has had much to do with that imbalance. The NAFTA treaty failed to create the economic Shangri-La its proponents promised, and together with the repeal of the Glass-Steagall Act in 1999 and the passage of the Commodity Futures Act of 2000, both dismal failures, shaped the landscape which led to the global economic debacle that occurred under President Bush's watch.
Don't hold your breath waiting for change, however. The same centrists who passed those bills are back in charge and shaping America's health care reform, so called Obamacare!!. Their track record is largely uninspiring if not wholly illusory for the average American man and woman. But then again which politician is ever in politics to make life better for the average American man or woman?
#2 Jul 11, 2014
Obviously you are not aware the NAFTA treaty was drawn up by George Bush SR shortly before he left office - as a matter of fact, it was pretty much a done deal! All Clinton had to do was sign it into law when he first took office. And, yes - this country has lost jobs to foreign counties ever since it's inception.
And, for your infomation, the repeal of the Glass-Steagall was not itself the cause of the economic collapse under Bush - but it did make it worse.
And, the Commodities Futures Modernization Act of 2000 was a REPUBLICAN RIDER attached to th federal budged during Clinton's last months in office. Clinton signed the budget knowing that Republicans alread had the vote in congress to pass it after Bush was inaugurated.
And, if this Commodities Futures Act was such a problem - WHY DIDN'T REPUBLICANS DO SOMETHING ABOUT IT - WHEN THEY REGAINED CONGRESS IN 2000?
But, as hard as it is for you right-wingers to admit - the main reasons for the economic crash under Bush Jr was...
- Large Tax Cuts
- The Medicare Part D (unfunded) prescription drug plan
- Failure to change laws to stop or slow down the Housing Crisis
- TWO UNFUNDED WARS
#3 Jul 12, 2014
History tells one story, 1961 alumni tells another...
You're just trying to be argumentative and funny...right? You don't really believe that garbage do you?
Since: Oct 11
#4 Jul 12, 2014
Poor guest, bless your ignorant heart. Not only did bush 1 sign NAFTA
bush 2 signed CAFTA in 2005. This was the start of America losing 800,000 jobs a month.
The teaturd can't do math, biology, or history.
The teaturds cry (which is all they do) all the time about laws that republican presidents sign into law.
2008 w sign into law making it impossible to send minors back to central America without appearing in front of a immigration judge.
ABSOULTLEY EVERTHING the REPUBLICTARDS do
PHUCKS up this country and our people.
I'm MR GED and I approve my message of truth, facts, and knowledge
#6 Jul 12, 2014
Lets Back up and Look at this Being A Republican Deal shall we?? according To catfish and Alumni this was A Bush 1 deal all layed out ready to go!! but He left or was voted out of office by non other than Slick Willie!!!Instead of VETOING the Bill he signed it into LAW!! so If anyone is to blame its Bill Clinton!! He had both House And Senate Democrats to back him when he was in office but Did he come up with another Strategy to counter NAFTA?? NOOOOOOO! He signed it into law! Cant Blame The GOP for Bill Clinton's signature LOL
#7 Jul 12, 2014
Federal affordable-housing mandates were a major factor in the mortgage crisis, fueling the housing bubble and the subsequent collapse of the housing and financial markets, which helped bring down the economy. Even the liberal Village Voice has admitted that. Who drafted those awful mandates? ACORN, reports the Washington Examiner, in "How ACORN Destroyed the Housing Market."
How did ACORN cause the "housing bubble" and "financial collapse"? ACORN lobbyists drafted "affordable-housing" mandates to pressure the mortgage giants to buy up more risky loans and mortgages from low-income communities, loans that banks in turn were pressured to make by the Community Reinvestment Act, explains The Wall Street Journal.
ACORN also helped spawn the mortgage crisis by promoting “liar loans.” It has a long history of financial fraud, vote fraud, tax evasion, waste, and mismanagement.
Lawmakers and the Obama administration have studiously ignored ACORN's role in spawning the financial crisis, because many liberal lawmakers have long had close ties to ACORN. ACORN is a left-wing group that launched Obama’s career as a community organizer.(ACORN stands for Association of Community Organizations for Reform Now.) Obama has long-standing ties to ACORN, and an ACORN affiliate received received $800,000 from Obama’s campaign.
In recent months, lawmakers distanced themselves from ACORN, and cut off its federal housing funds, after it was caught on videotape in a child prostitution promotion scandal.(ACORN is now suing the federal government in court, to force it to resume funding ACORN. Earlier, it sued the private citizens who exposed its role in the scandal for $2 million).
However, in the long run, ACORN is likely to continue to benefit from its close ties to liberal lawmakers and the administration. Entities related to ACORN stand to reap millions from Obama's financial regulation proposals and health-care reform proposals.
Meanwhile, the Obama administration is busy promoting the junky, risky mortgages that fueled the housing bubble, showing that it has learned nothing from history. One result is that the Federal Housing Administration, which is making many such loans, has gone into a "nose dive" and may need a multibillion-dollar taxpayer bailout, reports the Washington Post.
Obama wants to create a bureaucracy called the Consumer Financial Protection Agency.“The agency would be in charge of enforcing the Community Reinvestment Act, a law that prods banks to make loans in low-income communities.” The Community Reinvestment Act was a key contributor to the financial crisis. Yet Obama’s plan would empower the CFPA to enforce the Community Reinvestment Act without regard for banks’ financial safety and soundness.
The mortgage crisis was also caused by the reckless government-sponsored mortgage giants (”GSEs”) Fannie Mae and Freddie Mac, and by federal affordable-housing mandates.
But Obama’s proposed financial rules overhaul does absolutely nothing about Fannie Mae and Freddie Mac, admits Obama’s Treasury Secretary, tax cheat Timothy Geithner, even though he admits that “Fannie and Freddie were a core part of what went wrong in our system.”
Worse, Obama’s plan is “largely the product of extensive conversations” with two lawmakers responsible for the corrupt status quo, Chris Dodd and Barney Frank, and it expands the reach of regulations that have been used by left-wing groups to extort pay-offs from banks.
Recently, the administration got rid of the inspector general for Fannie Mae and Freddie Mac, after making Freddie Mac run up $30 billion in losses from the Obama administration's mortgage bailouts, which bailed out even high-income borrowers who irresponsibly mismanaged their finances. Earlier, Obama fired an inspector general, Gerald Walpin, who uncovered misuse of funds by a prominent Obama backer, smearing the inspector general with allegations that turned out to be false.
#8 Jul 12, 2014
I think if you'll take time to do a little historical reasearch instead of parroting right-wing talking points - you'll see that 100% of every word I posted is TRUE concerning the REAL REASON BEHIND THE COLLAPSE OF AMERICA during the Bush administration.
Of course, Conservatives are notorious for ignoring the truth - trying to defend their actions & politics.
Maybe that's why Gov Bobby Jindel of Louisana - said "Republicans have got to stop being the STUPID PARTY if they ever want to win elections".
Perhaps that's also why - it's a well know fact that DEMOCRATS ARE MORE INTELLIGENT THAN REPUBLICANS...
Why don't you smarten up a little bit & turn off Fox, Limbaugh, Beck, Hannity & all the rest of the right-wing noise machine & all the right-wing web sites...
Because all these media outlets is doing is making you dumb & misinformed...
#9 Jul 12, 2014
Great post 61!!!
Politics would be great to talk about if only Republicans used facts and would stop repeating lies.
#10 Jul 13, 2014
Like the old saying goes, You can lead an old horse to water but you can't make her drink...
I have this vision of you setting in the polling building, checking registration names and handing out ballots every election. You've got to have some true believers who have the ability to block out the truth and swallow the lies. You read like the type.
If you like your doctor, you can keep it.
If you like your insurance, you can keep it.
If you use chemical weapons against your own people, there will be hell to pay.
There's not a "smidgen" of corruption within the IRS.
The Benghazi mob attacked, raped and killed our ambassador because of some obscure"YouTube" video.
And.....New Obama lie that's sure to make the top 100
All these illegal kids crossing the border will be processed and most will be sent back.
Your at the river 1961 alumni, take a drink of truth before you do anymore damage to yourself.
#11 Jul 13, 2014
True to her name.....Wacky bat 61 the liberal liar from Rolla Mo.
#12 Jul 13, 2014
Guest How can you Say Obama Lies?? its was ALL George W's Fault!!!
If Obama Tell's an Untruth its because George Bush Had A Policy or Program that Made Obama LOOK like he was Telling A Lie!! Obama Never tells Lies!!!!!! The GREAT MESSIAH is Unable to Lie Cheat or Steal from the American People.LOL
#13 Jul 21, 2014
I'll try to work from the top to the bottom in answering all your LIES.
1. Yes, lots of people were outraged when their insurance was cancelled - but, did you know most of these same people got better insurance (many of them are now paying less in premiums). Did you also know that in a recent survey 74% of REPUBLICANS LOVE OBAMACARE?
2. I don't have a clue what you're talking about about using chemical weapons on your own people?????
3. No, there is no IRS SCANDAL!!! If you'll check the facts you'll find that Democratic political groups tax returns were targeted just like Republican political groups (like the Teaparty).
Also, if you'll take the time to read the tax code outlining what constitutes tax exempt status - you'll find that both Republican & Democrat political groups were trying to file fraudlent tax exempt status - which is against the law.
NO, THE IRS WAS ONLY DOING THE JOB THAT WE PAY THEM TO DO - they were only weeding out fradulent tax returns. And, they were doing an excellent job.
Of course, I know you will say I'm lying & I'm crazy - but, what else could I expect from a brain-washed FOX, Limbaugh, Beck, Hannity, O'Reilly ditto-head???
4. Also, as hard as it is for you ditto-heads to believe, that little 'OBSURE YOUTUBE VIDEO" you mention - is the exact reason people all over the middle east was in an uproar & outrage. This video was very very insulting to their religion.
4. Don't you know the man who was the leader of the Benghazi attack (who was recently taken into custody)- has repeated over & over & over that the reason for the attack was the Youtube video. But, I guess you know more about what caused the Benghazi attack than the man who actually led the attack????
5. These kids who crossed the border are actually refugees who were trying to escape death of abuse from the countries they came from. Now, what the Homeland Security is doing is processing them & checking them for illness etc. And, yes some of the will be sent back to their home counties - but, it will take time to process them & arrange for them to be sent back. This processing procedure was instituted by George Bush Jr when he was president. So. the Homeland Security is just obeying the law by holding these children for processing.
Oh, I guess you don't realize that Obama has deported more illegal alliens than any other American president in history...?
The ball is in John Bohner's court here - if he would put the immigration bill up for a vote - it would pass with bipartisan support from Democrats & Republicans. Until we get an immigration bill passed - the immigration problem will never be fixed...
#14 Jul 21, 2014
The democrats have owned the Senate and legislative branches for almost six years. The republicans only control the House of representatives. A President and Senate majority leader with just half a brain and any balls at all, would get in the drivers seat and set the agenda. Unfortunately, the democrats don't have the brains or the balls to negotiate with republicans.
Just like the citizens who voted them into office, their just not that smart.
But that's ok alumni61, you just keep blaming republicans for everything. You'll remain ignorant and that will allow you to sleep better.
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