Election Poll, June 2012 Debate - Euless, TX
If the election were held tomorrow, who would get your vote?
#1 Jun 10, 2012
Obama is a disaster and he can keep his OBAMA CARE and I don't vote for Socialist or Communist.
#2 Jun 10, 2012
MORON OBAMA CARE IS THE VERY SAME AS ROMNEY CARE IN MASS.. YOU ARE STUPID..
Wrong, the economy crashed because ignorant people like yourself voted for Republicans who eliminated the common sense oversight of Wall Street, and eliminated laws which had been working since the Great Depression, Glass Seagle to cite one.
When those laws were no longer in place Wall Street created a number of investment schemes, including, derivatives, CDOs, hedged funds, etc. which were highly leveraged and made some people and some investment banks a great deal of money, but as soon as real estate values stopped growing the highly leveraged investments where creating huge losses for investors, consider that Goldman Sachs was recommending such investments for the little people who where buying their offerings at the same time they themselves were shorting those investments and knew they were going to lose money.
Without laws like Glass Steagle and no separation between retail banking, mortgage companies and investment banks like Goldman Sachs, the huge losses were not isolated from savings the US government was obligated to insure under the FDIC.
That is why the banks got bailed out, Wall Street insiders made billions, and the tax payer got the bill.
All because of ignoramuses who vote for Republicans who promise that if we only get ride of regulation everyone will become a rich investor, if we only stop taxing the rich they will create jobs and if we fire teachers, policemen, and firemen who are public service union members then jobs will magically appear in the private sector.
And this is Romney plan, same as it was GW Bush's plan for the economy.
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