Republicans Take Over House Ready to Spar With Obama

[August]

Originally Posted by gimpy117

Although some may say the republican party didn't really cause the collapse, it happened under their watch...

Whose watch again? The Democratic party has been in total control of the US Congress since 2007 and Bush was a nearly powerless lame duck for the last 2 years of his presidency. Y'know unfairly trying to blame everything on the opposition is part of what got your hated Republicans back into power. Americans aren't as dumb as your side so often says they are.

Besides, your party still controls both the Senate and the White House. You have 2/3rds of the governments power and you still fear for America and her allies? Please. I couldn't think of a more telling admission of incompetance that you fear what a bunch of freshman Congressmen might be able to make you do.

The fact is the Democrats have spent the past few years merrily snubbing their noses at the Republicans and now they're going to have to learn to share the sandbox again. Learn to deal with it.

[gimpy117]

Funny august. Because I remember bush vetoing some of the bills that were aimed at curtailing the war spending.

So no. The congress tried to stop a war that was costing us TRILLIONS and bush just said no

[August]

Originally Posted by gimpy117

Funny august. Because I remember bush vetoing some of the bills that were aimed at curtailing the war spending.

Don't be blaming the President when your party can't get enough votes to override his veto in spite of controlling the Congress.

AFAIK Bush only veto'd two bills related to defense spending during his term of office, neither of which were aimed at curtailing war spending nor vetoed on those grounds. Both bills were soon modified by Congress and subsequently signed by Bush into law. So yeah it's real funny Gimpy.

So no. The congress tried to stop a war that was costing us TRILLIONS and bush just said no

Oh no, that overly simplistic blame game just won't fly anymore. Although Congress has been controlled by your party for almost 4 straight years, the last two with a liberal Democratic president even, they still haven't stopped anything, so that pretty much blows your statement right out of the water.

[gimpy117]

Originally Posted by August

Don't be blaming the President when your party can't get enough votes to override his veto in spite of controlling the Congress.

AFAIK Bush only veto'd two bills related to defense spending during his term of office, neither of which were aimed at curtailing war spending nor vetoed on those grounds. Both bills were soon modified by Congress and subsequently signed by Bush into law. So yeah it's real funny Gimpy.


Oh no, that overly simplistic blame game just won't fly anymore. Although Congress has been controlled by your party for almost 4 straight years, the last two with a liberal Democratic president even, they still haven't stopped anything, so that pretty much blows your statement right out of the water.

I remember bush vetoing Bills that were budget bills that cut a lot of money to Iraq, they were designed to de-escalate the war by basically saying: "we'll give you X amount of money but you have a date to withdraw troops". Bush vetoed these. Those bills would have saved us huge sums of money being sent to that pointless war.
http://www.npr.org/templates/story/s...toryId=9946792

Also, the collapse...it isn't necessarily congresses job to keep the pulse on the market. There government agencies that are supposed to keep track of these things...Like the FTC. Who had chairmen who were appointed during the bush administration. where was that oversight by the republican party? Last time I checked congress wasn't the FTC.

you're statement over the "where were the votes" is also unrealistic. Especially when you're dealing with the republican party...who consistently votes partisan...and just about every one of them does so. I'd say you'd be hard pressed to say that for any other party minor or major. So you blaming the democrats for not having 2/3 or whatever it is to override is a farce. Back In those days, they had enough votes to propose a bill...but not get over a veto.

[mookiemookie]

Originally Posted by gimpy117

Also, the collapse...it isn't necessarily congresses job to keep the pulse on the market. There government agencies that are supposed to keep track of these things...Like the FTC. Who had chairmen who were appointed during the bush administration. where was that oversight by the republican party?

It was the idea of radical de-regulation and the insane idea that corporations could self regulate themselves that helped cause the collapse.

• Investment banks lobbied the SEC to get rid of leverage rules. The government agreed. Many levered themselves out of business.
  
• The Fed did not do it's duty in enforcing underwriting rules for banks. They let the industry self regulate itself. The industry self-regulated itself over a cliff.
  
• Glass Steagall was repealed, allowing for Wall Street and Main Street banks to become one. They self regulated themselves into becoming too big to fail.

And now Republican senator Darrell Issa of California has sent letters to more than 150 companies, trade groups and research organizations asking them to identify federal regulations that they wanted to see repealed or rewritten.

They just don't learn.

[gimpy117]

Originally Posted by mookiemookie

And now Republican senator Darrell Issa of California has sent letters to more than 150 companies, trade groups and research organizations asking them to identify federal regulations that they wanted to see repealed or rewritten.

They just don't learn.

here we go again. Maybe this time we can deregulate ourselves into the great depression 2, to heck with this wimpy recession!

oh and ps. Thanks for the backup Mookie. Nothing like some good cold facts to add on.

[August]

Originally Posted by mookiemookie

It was the idea of radical de-regulation and the insane idea that corporations could self regulate themselves that helped cause the collapse.

• Investment banks lobbied the SEC to get rid of leverage rules. The government agreed. Many levered themselves out of business.
• The Fed did not do it's duty in enforcing underwriting rules for banks. They let the industry self regulate itself. The industry self-regulated itself over a cliff.
• Glass Steagall was repealed, allowing for Wall Street and Main Street banks to become one. They self regulated themselves into becoming too big to fail.

And now Republican senator Darrell Issa of California has sent letters to more than 150 companies, trade groups and research organizations asking them to identify federal regulations that they wanted to see repealed or rewritten.

They just don't learn.

Except that deregulation happened long before that, during Reagans presidency. The result was the fat years of the Clinton presidency which you Dems love to take credit for. Well you can't have it both ways mookie. If deregulation is all that bad then why does it still exist in spite of many Dem opportunities to change it over the past two decades?

Instead of accusing the GoP of partisanship maybe you guys ought to look at your own partisan spending tendencies that are driving Democrat controlled states like California to financial ruin.

Oh and BTW Glass Segall was repealed by a bi-partisan 343–86 vote in the HoR.

[mookiemookie]

Originally Posted by August

Except that deregulation happened long before that, during Reagans presidency.

The things I mentioned happened in the late 90s/early 2000s.

The result was the fat years of the Clinton presidency which you Dems love to take credit for. Well you can't have it both ways mookie.

So if there's that much lag time, does that mean the 80's were Carter's doing and the current economic climate is Dubya's? You can't have it both ways.

Oh and BTW Glass Segall was repealed by a bi-partisan 343–86 vote in the HoR.

Yeah, so? Both parties deserve blame.

If deregulation is all that bad then why does it still exist in spite of many Dem opportunities to change it over the past two decades?

Because politicians of both stripes are craven, corrupt and in the pocket of lobbyists and big oil/pharma/auto/Wall Street.

[Takeda Shingen]

Originally Posted by gimpy117

Also, the collapse...it isn't necessarily congresses job to keep the pulse on the market. There government agencies that are supposed to keep track of these things...Like the FTC. Who had chairmen who were appointed during the bush administration. where was that oversight by the republican party? Last time I checked congress wasn't the FTC.

Congress holds the nation's purse strings. For better or worse, the federal government and the national economy are fatefully intertwined. So yes, it is one of congress' jobs to monitor the economy. Team D had a major hand in the events leading up to the collapse in 2008. They have also exclusively been at the helm for the past two years. Quite simply, what they are doing is not and has not been working. Like I said to nik, you also must stop thinking like a partisan. As long as we continue to feed the pundit-driven media machine, and see our politics like a sporting event, we will continue to go 'round and 'round with the losers being the American people.

[gimpy117]

Originally Posted by Takeda Shingen

CThey have also exclusively been at the helm for the past two years. Quite simply, what they are doing is not and has not been working.

You can't just walk up to the recession box and flip the switch to OFF Takeda. the fact of the matter is, These things take time.

But where is the logic anymore? Putting in the same people who caused the mess 2 years later because the other party hasn't been able to fix their mess fast enough? But it figures, we are the United states of amnesia.

[Takeda Shingen]

Originally Posted by gimpy117

You can't just walk up to the recession box and flip the switch to OFF Takeda. the fact of the matter is, These things take time.

I agree with you; you cannot simply flip a switch. But that is not how the Democrats sold their legislation. There were going to be green jobs, shovel-ready projects and general job creation all around. None of it happened, and they knew that none of it was going to happen.

[Takeda Shingen]

Originally Posted by August

The fact is the Democrats have spent the past few years merrily snubbing their noses at the Republicans and now they're going to have to learn to share the sandbox again. Learn to deal with it.

Yes, but that also cuts both ways. For the past few years, the Republicans have been able to sit back and let the Democrats take the heat during this mess. Now they're going to have a hand in it, and won't be able to sit back and say 'not my fault' anymore.

[Castout]

Pls select more ethical people with the right moral compass who don't need to resort to black campaigning to become popular and controversial lest China becomes unstoppable because USA no longer stands for democracy and civil rights and degraded into petty domestic fighting among themselves.

And people in South Asia depend on USA to bring counterbalance to the growing Chinese influence in the region. The Chinese couldn't care less about democracy or human rights so if they have big influence in South Asia you can bet democracy and civil and human rights will go the way of the dodo birds. . . fast.

I'm not saying that USA is the true champion of democracy and civil and human rights but at least it is still the better of the two evil.

Stop the bickering and get your act together! or the world will see a complete Chinese South Asia in 5 years. And to think that I happen to be living in South Asia .

[Ducimus]

For some reason, this comic came to mind earlier:




In the end, nothing will change, SSDD. i'd bet my bottom dollar on that.

[Takeda Shingen]

Originally Posted by Ducimus

In the end, nothing will change, SSDD. i'd bet my bottom dollar on that.

I think that would be a safe bet to make, and it neatly sums up the bottom line in the discussion. Meet the new boss, same as the old boss.

EDIT: Sorry for the triple posting, everybody.