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-   -   Reid "I had nothing to do with the bad economy" (https://www.subsim.com/radioroom/showthread.php?t=174646)

SteamWake 09-08-10 10:23 AM

Reid "I had nothing to do with the bad economy"
 
I will be so glad when Reid loses his seat. Blaming Bush is not a winning position.

Besides werent you in office while all this was going on Mr. Reid? If you had nothing to do with it just what in the hell were you doing?


Quote:

Originally Posted by The Washington Post
Senate Majority Leader Harry Reid, facing a tough re-election bid in one of the states hardest hit by the recession, said today that the economic downturn was not his fault.
"I had nothing to do with the massive foreclosures here," Reid said during an appearance on the ABC News/Washington Post "Top Line" program, adding that he also had no part in contributing to the state's dismal unemployment figures.

http://voices.washingtonpost.com/the...ing-to-do.html

AVGWarhawk 09-08-10 10:25 AM

It was all Pelosi's fault.

SteamWake 09-08-10 10:26 AM

Quote:

Originally Posted by AVGWarhawk (Post 1487902)
It was all Pelosi's fault.

Please I'm trying to eat my lunch here. :oops:

mookiemookie 09-08-10 10:29 AM

Quote:

Originally Posted by SteamWake (Post 1487899)
I will be so glad when Reid loses his seat. Blaming Bush is not a winning position.

As much as you all would like to sweep his presidency under the rug, a lot of the economic problems we're facing started in 2007-2008 and even earlier than that. It's not about blame. It's about responsibility and learning from history. If you don't have a clear understanding of the causes and genesis of the fundamental breakdown in our financial system caused by the abdication of regulatory oversight in the blind pursuit of some ideological "hands off" approach to finance and banking (and yes, I know that phrase is like setting up the Bat-Signal for UnderseaLcpl :D ), then you set yourself up to repeat the same mistakes.

As distasteful and embarrassing as it may be to you, a reappraisal of the failings of the Bush economic policies are in order.

SteamWake 09-08-10 10:36 AM

Quote:

Originally Posted by mookiemookie (Post 1487907)
a reappraisal of the failings of the Bush economic policies are in order.

Not going to go down that road as its been discussed to death and accomplishes little. The cast of charecters goes back to before Bush and you know it. Yes Bush did not help things.

All I am saying is that if the Democrats choose to use "Blame Bush" as a political stratigy they will lose.

August 09-08-10 11:20 AM

Quote:

Originally Posted by mookiemookie (Post 1487907)
...a lot of the economic problems we're facing started in 2007-2008...

Yeah they started right about the time the Democrats took over Congress.

At least that problem be corrected come November! :DL

GoldenRivet 09-08-10 11:25 AM

Quote:

Originally Posted by August (Post 1487993)
Yeah they started right about the time the Democrats took over Congress.

correct.:03:

AVGWarhawk 09-08-10 11:44 AM

Like I said...it is Pelosi's fault. :03:

Takeda Shingen 09-08-10 11:47 AM

Meh, same old: Everybody's in charge, but nobody's in charge. Both sides play it when they feel it is in their best interests.

mookiemookie 09-08-10 12:29 PM

Quote:

Originally Posted by August (Post 1487993)
Yeah they started right about the time the Democrats took over Congress.

At least that problem be corrected come November! :DL

Farther back than that. 07/08 is when the effects of policies stretching back years were felt. To blame it all on one party is foolish.

ETR3(SS) 09-08-10 03:50 PM

Quote:

Originally Posted by mookiemookie (Post 1488054)
Farther back than that. 07/08 is when the effects of policies stretching back years were felt. To blame it all on one party is foolish.

Couldn't agree more, that's why I blame both!:yeah:

mookiemookie 09-08-10 03:55 PM

Quote:

Originally Posted by ETR3(SS) (Post 1488155)
Couldn't agree more, that's why I blame both!:yeah:

Smart man. Too many people monkeying around with things they don't understand in the pursuit of votes.

Platapus 09-08-10 07:07 PM

Quote:

Originally Posted by mookiemookie (Post 1488054)
Farther back than that. 07/08 is when the effects of policies stretching back years were felt. To blame it all on one party is foolish.

Add me to the agreement list.

This is not a Republican problem
This is not a Democrat problem
This is not a liberal problem
This is not a conservative problem

This is an American problem. The sooner we can stop blaming someone else the sooner we, as a nation, can start to fix this problem.

August 09-08-10 07:31 PM

Quote:

Originally Posted by mookiemookie (Post 1488054)
To blame it all on one party is foolish.

So you don't really mean it when you Dems say it's Bush's fault? :DL

mookiemookie 09-08-10 07:54 PM

Quote:

Originally Posted by August (Post 1488277)
So you don't really mean it when you Dems say it's Bush's fault? :DL

Hey hey, don't lump me in with the milquetoast and craven Dems. I'm *far* more liberal than them.

I'd actually pin the majority of the blame on Alan Greenspan and the Fed.

I'd recommend Barry Ritholtz's "Bailout Nation" as a very good, layman's terms explanation of how we went so wrong. He actually starts with the bailouts of the airline industry and Chrysler in the late 70s/early 80s as the genesis of the problem. I read his column most every day. He's one of the sharpest and most down to earth non-partisan economic observers out there. I'd say his book, along with Michael Lewis's "The Big Short" as the two "must read" treatises on the financial crisis.


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