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Re: IT JUST AIN'T SO!
Bill P, |
-1 | Marvin Crain |
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Post Subject: IT JUST AIN'T SO! Read Article
I guess you haven't been paying attention. There was warnings from Republicans and Democrats way back in 2003 and again McCain said he warned about this in 2005. This was long before the Democrats got control of the Senate and House.
It was Phil Graham in 1999 that spearheaded the push to deregulate the financial markets. Bills passed after the depression of 1929 that were passed to prevent a financial meltdown were repealed in 1999 as a result.
Now Phil Graham was (and on a personal level still is) McCains economic goto guy. This is the same Phil Graham that just recently said the economy was fine and Americans were just a bunch of whiners. This is the same Phil Graham who pushed to deregulate the energy markets while at the same time his wife served on Enron's board of directors.
No Laurie, while it would be convenient to blame the Democrats and as you VP candidate would say with a wink and a nod
IT JUST AIN'T SO!
Obama for US Senate
Rick Noriega (Lt. Col in Texas Nat'l Guard) for US Senate
Bill Pelland
Murchison, TX
Post Subject: Re: IT JUST AIN'T SO!
As you know, Robert Rubin was the head of the NEC (created by Clinton) and later the Sec. of Treasury under Clinton. Clinton called him the "greatest Secretary of the Treasury since Alexander Hamilton." Rubin was asked in an interview if the deregulation bill(s) spearheaded by Phil Gramm had anything to do with the current situation and he said that it DID NOT! Maybe he was trying to cover for himself and Clinton but that was the opinion he went on record with at any rate.
Post Subject: Re: IT JUST AIN'T SO!
Whether Rubin believed the deregulation caused the problem or not is beside the point. The original writer was blaming Democrats for the problem because they have a small majority in congress since 2006. Now the Democrats do not have the 60 Senators they would need to control the Senate so IT JUST AIN'T SO.
The financial crisis has been building up for some time and the Bush Administration raised questions about Fannie and Freddie in 2003 and McCain says he raised questions about it in 2005. Both these years were when the Republicans had control and still nothing got done.
At any rate, there is no point in blaming either side now. We are in great danger economically and if we wish to maintain our way of life and our military strength we will have to correct course. We will also have to find out how we got here and take steps to make sure it doesn't happen again.
It is time we forget about the Rhetoric of I'm a Dem, you're a Rep, I'm a liberal, you're a conservative, etc etc etc and start discussing issues and who will be best suited to fix them.
I believe the Obama / Biden ticket is the way to go. You don't agree (at least not yet (lol) ).
Rick Noriega is running for US Senate. Rick is a 26 year member of the Texas Nat'l guard. He has served a year in Afghanistan and recently was helping with Hurricane Ike. Rick has served in the Texas House for 10 years and has also taught school at the High School and Jr College level. We need a change in Washington.
Rick Noriega is our man for the US Senate!
Obama for President
Bill Pelland
Murchison, Tx