Would Romney be a good economic prez?

<p>He would have “doubled” Guantanamo, creating hundreds of new jobs in the torture industry, so the answer would be yes I think.</p>

<p>:rolleyes:</p>

<p>Yeah, Gramm caused this mess, this mess that stemmed from the housing crisis, which was a result of subprime gone wild, which was a result of mandates imposed by Democrats to force banks to quota their services to people that shouldn’t have afforded them, with Fannie/Freddie shoring up the crap loans, buying all that they could, under the mismanagement and denial of Democrats. Yup :slight_smile: </p>

<p>Educate yourself, kid. Watch Burning Down the House.</p>

<p>[Bill</a> v. Barack on Banks - WSJ.com](<a href=“http://online.wsj.com/article/SB122282635048992995.html]Bill”>http://online.wsj.com/article/SB122282635048992995.html)</p>

<p>*Mr. Clinton’s reply: "No, because it wasn’t a complete deregulation at all. We still have heavy regulations and insurance on bank deposits, requirements on banks for capital and for disclosure. I thought at the time that it might lead to more stable investments and a reduced pressure on Wall Street to produce quarterly profits that were always bigger than the previous quarter.</p>

<p>“But I have really thought about this a lot. I don’t see that signing that bill had anything to do with the current crisis. Indeed, one of the things that has helped stabilize the current situation as much as it has is the purchase of Merrill Lynch by Bank of America, which was much smoother than it would have been if I hadn’t signed that bill.”*</p>

<p>The Gramm-Leach-Bliley Act passed the Senate on a 90-8 vote, including 38 Democrats and such notable Obama supporters as Chuck Schumer, John Kerry, Chris Dodd, John Edwards, Dick Durbin, Tom Daschle – oh, and Joe Biden. Mr. Schumer was especially fulsome in his endorsement.</p>

<p>[Bill</a> Clinton Says Democrats Resisted Standards For Fannie Mae And Freddie Mac - Digital Journal: Your News Network](<a href=“http://www.digitaljournal.com/article/260301]Bill”>http://www.digitaljournal.com/article/260301)</p>

<p>Let’s see. Clinton is unpressed about Freddie/Fannie and asked about the financial crisis.</p>

<p>*
Chris Cuomo, ABC News: A little surprising for you to hear the Democrats saying, “This came out of nowhere, this is all about the Republicans. We had nothing to do with this.” Nancy Pelosi saying it. She signed the '99 Gramm Bill. She knew what was going on with the SEC. They’re all sophisticated people. Is that playing politics in this situation?</p>

<pre><code>Bill Clinton: Well, maybe everybody does that a little bit. I think the responsibility the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was President to put some standards and tighten up a little on Fannie Mae and Freddie Mac.*
</code></pre>

<p>:)</p>