I agree. People blame the President, but all monetary bills or spending bills by law need to originate in the House of Representatives, which the Democrats control. So who is really responsible? The White House, which can't originate any legislation, or the Congress?? I would say Congress. And who makes laws governing responsible lending practices? Right - Congress!So democrats. Is this what happens when you take or want control? At any cost right?
I'm confused - what does any of this have to do with Bank profit losses? Do you think the government should guarantee that every business makes money all the time? Sounds familiar.
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That's exactly what they are doing. But i never realized Bank of America was a government entity. And if it is, when did this occur?
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Wow, this is a brand new conspiracy theory for me. Assuming that you're trying to implicate the dems for the current economic slowdown -
The answer is: FOLLOW THE NEWS.
http://www.federalreserve.gov/newsevents鈥?/a>
here's a halfway decent primer on the whole 'recession' caused by a tightening of the money supply which was the result of the housing market 'bubble' bursting.
Learning about this stuff is not hard, and it only takes a minimum of economic knowledge. Be responsible and thorough before you 'ask'.
Have a nice day
pardon me? i believe you should look to the GOP for the answers to why so many people that were undeserving of credit got approved for sub-prime lending and why lenders were able to engage in dishonest lending practices. you know the GOP, the pro-business/pro-capitalism/pro-were the only ones that are right party. you know national debt, consumer fear, and economic uncertainty are all at play here. maybe, if we weren't spending money on a misguided war (at a deficit), weren't giving the richest 1% a huge tax break, weren't hemorrhaging jobs to lower paid overseas/mexican labor, and weren't scarring the p*ss out of our populace (terrorism/immigration/eternal damnation/etc.) then maybe our economy would turn around. oh i think a dem is just what we need, someone to lead us out of the abyss that G.dub-yah has led us into.
that's funny, i remember when the economy was sound all the repubs lauding Bush Sr. for saving the day and old Clinton was stealing Sr.'s thunder. whatever, bend it so that you always seem right. oh yeah, i think i remember the first 6 years of dub-yah's presidency having a repub controlled congress, full of yes men that fell with him rank and file. paper economy is sooooooo right.
what ever has to happen will happen, why blame dems for it.
dems can be blamed for earth warming to el nino effect. to loss of conservatives in Australia to rise of economic power of india and china.
blame game is the name of repub politics , do some thing concrete.
The Republican smear and misinformation campaign is already in full swing - no surprise there. They will win again through dirty tricks, slander and lies again I am sure.
What do poor lending practices of private banking institutions have to do with Democrats ?
IF you're going to bash democrats....come up with something better than that....something we can actually debate about.
btw- this is a BUSH economy....so why aren't you criticizing him instead ? also...The FED chairman is appointed by the president. According to Conservatives....everything was peachy up until about a week ago, when even Bush finally decided to admit the economy was in trouble. Now you finally admit there is a problem, after Democrats have been screaming it at you for the past 4 years....and you blame Democrats.. ?.....your logic is warped buddy.
NO
This is whats happens when the Republcan war machine builds a paper tiger economy based upon war profits.
When the money is sucked out and spent on things that don't amount to a tinkers damn instead of on sound fiscal policy
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