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#1 It's Looking More And More Like The Recession Was A Deliberate Set Up By GOP04-17-2012, 11:37 AM
This guy is greyt!!!!
Tue Apr 17, 2012, 08:52 AM
It's Looking More And More Like The Recession Was A Deliberate Set Up By GOP
Last edited Tue Apr 17, 2012, 08:56 AM USA/ET - Edit history (2)
Hey workers be glad for the $10 an hour job you have just gotten. It's better then no job at all. That's the new meme coming from RW'ingers and the GOP. That is the latest new little ditty coming from the right during this recovery. And I am beginning to believe that the near depression was a set up to wipe out as many higher paying jobs as possible starting in late 2006.
Bush and his team knew that we were losing jobs by mid 2006 but decided to cover it up and ride it out. They wanted to make sure the economy tanked right after November 2008 so the next President would be blamed for the crash. It played both ways, it gave big business the opportunity to dump all these high paid and older employees. They could blame the "economic cycle" for all the carnage.
They could also blow up the deficit even further so they could end Medicaid, Social Security and Medicare as well as dump the entire safety net. They could rail about the deficit spending needed to save the economy if the Democrats were in power. Then they could resist all efforts to recover and allow corporations to bring jobs back at $10 an hour. People would be so desperate that they would be grateful for these jobs.
With the help of the media the GOP could then yell and scream that over regulation was killing good job and stopping prosperity. They could attack the long term unemployed and poor as slackers and leeches trying to bring down the rich. The could then pump the poor for more money for the rich. They could claim that the poor were waging war against "success". That the poor should not vote because they would raise taxes.
Bush and the GOP would put Obama in a box by bailing out the banks, force him to continue because that would be his only option left. And when he did it blame him for the bailing and bonus by stopping needed anti bonus legislation. They were forced to save the banks first because the economy crashed during the election.
And in the process the GOP and it allies could trash Europe as well by all the derivatives they allowed US Banks to fraudulently sell them. We did not need the example of "socialist Europe" for the American public to look to.
When you look at how the GOP is operating now it seems more obvious that they planned the whole thing all along. And the American worker can now look forward to $10 an hour as the "new norm".
And then they could paint the recession was an "Obama recession" that all the jobs were lost on his watch while the recession continued for months into his administration.May the FORCE be with you!
04-17-2012, 12:08 PM
- Join Date
- Apr 2005
Gotta love how the DUmmies are following in lockstep with Obama and pretending like the last three years never happened...there is no incumbent President and they can still blame Bush for all the problems this country faces.
04-20-2012, 02:08 AM
- Join Date
- May 2010
Well, I'm salaried. I actually got a promotion somewhat recently, from upper-lower management to lower-upper management.
Here's what I don't get though. We live in a global economy. I moved abroad for a job in 2006 and have been out of the country since. Maybe there is a horrible, job crippling recession in the US. What's wrong with you that you can't compete in a global labor market?
04-20-2012, 03:34 AMIt's Looking More And More Like The Recession Was A Deliberate Set Up By GOP
- Join Date
- Jun 2008
If you want to blame politicians, then the recession/depression/orgy of fraud was a bipartisan affair.
First, blame Bill Clinton (D) who signed the Financial Services Modernization Act, which was written by Phil Graham (R) and two other Republicans and which easily and overwhelmingly passed both houses of Congress in 1999. This act replaced the Depression-era Glass Steagall Act which had kept consumers' money safe by putting a legal wall between commercial and investment banking.
Second, blame Congress who accepted money from the financial services industry (i.e., the banksters) for their votes. Both parties did pretty well out of the deal. You can see a chart of those specific politicians who took the most money from the financial services industry from 1989 to 2008 here. Notice that the top beneficiaries of Wall Street largesse were, in order:
Hillary Clinton (D-NY)
Barack Obama (D)
John McCain (R)
John Kerry (D-Mass)
Christopher J. Dodd (D-Conn)
Charles E. Schumer (D-NY)
Joe Lieberman (I-Conn)
Arlen Specter (R-Pa)
Lamar Alexander (R-Tenn)
Kay Bailey Hutchison (R-Texas)
Max Baucus (D-Mont)
Mitch McConnell (R-Ky)
Richard C. Shelby (R-Ala)
Clinton and Obama stand out as having received the most money in that 20 year span, but having served some of the shortest Senate terms in the list above. Clinton served 1 full term and 1/3 of her second term before becoming Secretary of State. Obama served approximately 1/2 a term before becoming President.
Finally, if you want to blame someone for the immediate cause of the 2008 meltdown, blame Bill Clinton and Larry Summers who refused to regulate the derivatives market, even when warned by Brooksley Born that derivatives were a ticking time bomb. Summers, that great academic who once implied in a speech at Harvard that women were not as bright as men, ignored Born's sage advice and kept derivatives unregulated. (I'm guessing that he doesn't like putting condoms on his small pecker either.) And, of course, we all saw what happened when these financial weapons of mass destruction were detonated on Main Street.
So DUmmies, in conclusion, what have we learned?
We have learned that the recession/depression/orgy of fraud was not set in motion by any single party, but by as crooked a bunch of politicians as have ever stunk up Capitol Hill.
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