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<p>Translation: “You Democrats should’ve been smart enough to stop us Republicans! It’s your fault!”</p>
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What did the Republicans do wrong in regards to the economy & where were the Democrats calling for them to do it?</p>
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<p>So the party that has the presidency and Congress is blameless, while the party that has not been in power in the new millennium should take the fall? If indeed the Democrats did not foster the economy as well as they could have during the 90s, then what the hell were the Republicans doing for the last eight years?</p>
<p>I think both parties deserve the blame or neither deserve the blame. Our government certainly deserves less blame than the homeowners themselves or the loaning institutions, or the securities companies which created/sold the new instruments after the home sales.</p>
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<p>The fact that Republicans are willing to split the blame instead of heaping it all on the Democrats (like usual) shows that it is in fact the Republicans’ fault. If it wasn’t, you wouldn’t be so “magnanimous”. </p>
<p>Sorry, you won one election and dominated congress over the last decade. You don’t get to pass the buck.</p>
<p>Sorry chris, take an economics class. No party created this crisis; irresponsible lenders and homeowners did. Not dubya, not the Republicans, and not the democrats.</p>
<p>Each post is gradually destroying your credibility.</p>
<p>^^ but the republicans should take the blame for why this plan didnt pass and for not helping this country. talk about being selfish… they would rather save their as ses and worry about not getting elected than actually help this nation that is now doomed unless something drastic happens (this plan goes through).</p>
<p>^^^</p>
<p>Once again, it was a bipartisan failure today. 95 Democrats (40%) voted against the bailout as well. The Republicans had enough votes to pass until Nancy Pelosi got up and just lambasted them (basically blaming them for the whole thing) right before the vote. That disgusted many of them and caused some Republicans to back out of their agreement with the Democrats. Not saying that it was a good thing to do, but Pelosi should have known better as well.</p>
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<p>Lenders and homeowners wouldn’t have had the opportunity to become irresponsible if deregulation hadn’t been started, encouraged, and abetted by Republicans. You make the president seem like a mere figurehead, at the mercy of his feudal lords.</p>
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<p>My my, yet another instance of a conservative rejecting all responsibility and culpability. When a Republican claims that something is a bipartisan failure, you can bet that it’s their fault.</p>
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<p>deregulation had absolutely nothing to do with it. Please grow up.</p>
<p>When you have a problem, there tends to be a chain of events that leads to said problem. Eventually after each link it gets worse and worse and worse. But in the chain you need to ask where the problem started. Instead of going from our current problem and going 1 link at a time back to the root trying to solve the problem, we should skip it all and just go to the root where the problem originated. </p>
<p>When we go to the root, it was to much regulation of the financial sector, this is the root of our problems. The root of our problems come from a fiat currency with endless amounts of credit. </p>
<p>Now there seems to be a consensus in America that regulation is there to only stop bad things from happening. This is not true, at all. regulation can be a wide array of things. When the Government created Fannie Mae in 1938 and Freddie Mac in 1970 that is government regulation, as its regulates a given sector. When they created Ginnie, that again is more regulation on the financial sector for debt backing.</p>
<p>As Mr. Obama said many times in his speech “Not All regulation is bad”, well to be honest he doesn’t have a clue of what he speaks. The majority of regulation is bad, and once we get out of the collective mentality, and realize that people are smart and not dumb, we will have a lot less problems.</p>
<p>we need to go to the root of our problem and fix our fiat currency and the only way to do that is a hands off approach.</p>
<p>[Commentary:</a> Bankruptcy, not bailout, is the right answer - CNN.com](<a href=“http://www.cnn.com/2008/POLITICS/09/29/miron.bailout/index.html]Commentary:”>Commentary: Bankruptcy, not bailout, is the right answer - CNN.com)</p>
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What policy of deregulation caused the current event? Give a step by step run through of what happened please. I’ve yet to see this from all the people claiming it was the Republicans fault. That indicates they don’t know what they are talking about.</p>
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- I am not Republican.
- I don’t think the government (and certainly not Congress) are responsible for our current shenanigans.</p>
<p>^^^ i dont think congress is responsible. but i do think, that as the government, they are responsible for doing EVERYTHING that they CAN in order to help the american people. and im not saying help wall street, but help the american people. AND if in order to help the american people, one must help wall street too, then so be it. so be it. they are responsible for not having anything put into plan yet and we all have been waiting for some action (i dont believe rejecting a bill is “action”) to try to stabilize things</p>
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<ol>
<li><p>And when Clinton did send a missile targeting a camp where OBL was thought to be located, he got flack about “wag the tail” from right-wingers.</p></li>
<li><p>We didn’t know who was responsible for USS Cole until Bush stepped into office.</p></li>
<li><p>We could have had OBL and his lieutenants captured or killed at the Battle of Tora Bora, but Cheney, er, I mean Bush, didn’t commit enough ground troops to Afghanistan and thus OBL managed to escape into Pakistan.</p></li>
<li><p>Reagan did NOTHING after the Marine barracks bombing in Lebanon - oh, wait, he invaded Grenada.</p></li>
<li><p>Rightwingers like to credit Reagan for winning the cold war when much of the credit should go to Gorbachev.</p></li>
</ol>
<p>However, credit should be given to Reagan for developing a relationship w/ Gorby in which during their talks, Reagan was shocked to learn that the Soviets really did fear a 1st strike from the US.</p>
<p>Reagan realized this was madness and thus was the one who really pushed for nuke warhead reduction (of which Reagan got immense flack from right-wingers).</p>
<p>Feeling more secure about Russia, Gorby made the decision NOT to send in tanks and aircraft when the Eastern bloc states rose in revolt (this whole thing about the Soviets falling due to “Star Wars” or the military might of the US is utter crap; the Soviets had the military means to put down the uprisings as they did to the Czechs a couple of decades earlier).</p>
<p>And I say this as someone who can’t stand Clinton.</p>