In response to the Tea Party protests and in honor of the taxpayer, let us remember where this all started.
President Bush Addresses Nation on Economic Crisis
By Marc Perkel Thursday April 15, 2010
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Ha, ha.
I admit it. Had to turn it off after 30 seconds. what a Chimp.
I got the Bush Derangement Syndrome bad, and even 8 years of Obama will only start to cure me.
Makes me wonder what kind of President Obama could have been following anyone but the Chimp.
Personally, I’m blaming Ayn Rand.
So why are Republicans upset again? Absolutely confused. I’ve always thought it was because they just want to argue against anyone no matter what and it appears, again, I am right.
Some local teabagger yahoo is running against a Republican incumbent (Souter, R-IN) who voted for the bailout…that vote is a key piece of the teabagger’s campaign. It’s sick that these teabagger idiots have the memory retention of a goldfish.
…is “teabagger yahoo” redundant?
For what it’s worth, this year was the first year I EVER got a tax refund. And it was mostly due to Obama tax cuts and incentives.
Reader’s Digest Version:
“Dear Fellow Americans, I and my GOP cronies had removed all regulations from the financial institutions, the backbone of our economy.
It turns out, devised ways gamble with your money and now the house of cards built is crashing down upon us and we’re basically fucked.
Therefore, Dick and I have instructed the GOP to find a scapegoat while I ask China to bail us out. Cheney is in his bunker with pliers and duct tape asking some towel head some questions.
I trust you will sweep this unfortunate happening under the rug, forget it and vote Republican.
Thanks
Dick and Bush
Bush looks so freaking stupid it’s embarrassing that he was POTUS. What a jackass.
Everything isn’t all peachy keen.
IRVINE, Calif. – April 15, 2010 “RealtyTrac®, the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report™ for Q1 2010, which shows that foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 932,234 properties in the first quarter, a 7 percent increase from the previous quarter and a 16 percent increase from the first quarter of 2009. One in every 138 U.S. housing units received a foreclosure filing during the quarter.”
Bureau of Labor Statistics, News Release April 2.
“In March, the number of unemployed persons was little changed at 15.0 million, and the unemployment rate remained at 9.7 percent.
Among the major worker groups, the unemployment rates for adult men (10.0 percent), adult women (8.0 percent), teenagers (26.1 percent), whites (8.8 percent), blacks (16.5 percent), and Hispanics (12.6 percent) showed little or no change in March. The jobless rate for Asians was 7.5 percent, not seasonally adjusted.
The number of long-term unemployed (those jobless for 27 weeks and over) increased by 414,000 over the month to 6.5 million. In March, 44.1 percent of unemployed persons were jobless for 27 weeks or more.”
Hey Dallas,
Besides Bush screwing up, it was Clinton who removed the Banking Regulations.
If McCain had voted against the bailout, he’d be president now. Then again if McCain had voted no, probably Obama votes no too.
“Despite meltdown and massive bailouts, record bonuses are still being paid. No one was supposed to get seven- and eight-figure rewards, not after the Great Recession left one in 10 Americans unemployed. Not after President Barack Obama — who on Thursday called such pay “obscene” — had promised to clamp down on lavish bonuses.
It turns out little actually changed. Together, the six biggest U.S. banks are on pace to pay $150 billion in total compensation for 2009, slightly less than the record $164 billion in 2007 before the financial crisis struck, according to the New York state comptroller’s office. ”
http://msnbc.msn.com/id/34865562
Note the year, Note another broken promise by Barry.
Whatever.
If McCain had voted against the bailout, he’d be president now.
Doesn’t look like a joke, doesn’t sound like a joke, but it’s still funny.
Hey Man
Bush had 8 years to undo what Clinton did. He did go to Harvard B-School afterall.
Don’t you think it strange all these multi-millionaire “business men” “believed” the housing market “would never go down?”
Who is dumb-ass f*cked up enough to believe that? Evidently, the media and 99% of americans.
For clarity–I don’t think those who made the money believed it. I think they just have 99% dumbass Americans and the media believing they believed it.
what they believed was they could make their money and get out before it crashed.
AND STILL===no one in jail.
Don’t be fooled by all the “recovery” talk. We have yet to hit bottom. All these expensive bailouts and stimulus packages are doing is delaying the inevitable.
I blame Republicans for going along with Bush and I can’t see myself ever voting for one again. I don’t think that much of Democrats either. I may start voting Libertarian.
MikeN…Palin. Had he picked anyone else, Liebermann excepted, he had a chance.
No No No! This is all Obama’s fault. DON’T YOU WATCH FOX NEWS??
If McCain had any chance of winning at all===sure doesn’t say much for Merica.
After 8 years of BushCo lying incompetency, USA wanted a change. McCain was an obvious sell out. Sold his maverick ways/his soul/his authenticity to the religious right to get nominated then showed himself self serving and irrational by selecting Palin, then clueless by saying the basics of the economy were strong.
Idiot Republican Politician all the way.
It is funny/sad to recognize how far down the tubes we/USA is. Bad Policies follow one after another. why hasn’t Obama re-regulated big Finance? And by that I mean make all this debt securitization ILLEGAL like it was for the last 70 years.
Sheer insanity totally demonstrated and “everyone” still asleep at the switch.
Stupid Hoomans just doesn’t cut it: F*ckin Retards is what we all are.
#15: “Palin. Had he picked anyone else, Liebermann excepted, he had a chance.”
I have no idea why McCain picked Palin. She was and is a loose cannon. Her speech when she tendered her resignation as Alaska’s governor was enough to keep her from being a candidate for anything above dog catcher.
Of course, Palin’s Tea Baggers seem to be a disorganized group of loose cannons, so maybe they deserve each other.
#13: Bobbo, I just read your post more carefully. The situation you’re talking about sounds way too much like the aftermath of a Ponzi scheme, but with real estate. Could Bernie Madoff’s scheme (or similar ones that weren’t as big) have repercussions that we are just beginning to notice?
At least Madoff’s in jail. Banking speculators next?
It was just a classic bubble. And the old saw, the old wisdom was that when a stock was so hot that your cab driver would tell you to invest, the crash was near===GET OUT!!!
And how many tv shows did we have to that point? Buy, Renovate, and Sell your way to a fortune. House Flippers. etc.
But the housing bubble was survivable even with the fraudulent loan selling that was industry standard.
No–it was the debt securitization on top of it. High Falooting GAMBLING that had been outlawed for the past 60 years. NO DIFFERENT than if there was a “Wallstreet Market” for betting on College Football games==securitized, guaranteed by the Fed Gov, unregulated, unreported, etc.
for the business minded, all this high finance is greed pure and simple. It creates no wealth===only transfers it from the many to the few. NOTHING AT ALL would be fundamentally hurt if it was all made illegal again.
But the ball is hidden, and too many think it is raining into their ears.
Stupid f*cking americans. Icelanders, Brits, etc. And just to the north, the socialized Canadians avoided most of it.
Funny? I don’t think so.===because still no reregulation/re-OUTLAWING/no one in jail.
Greenspan: “I made a basic mistake about the market.” /// No shit??? Who is he trying to kid??????
well at least the wall street boys and bankers got to keep all the billions fees the collect while selling and reselling junk. not everybody lost
Wow. This guy, whoever he is, seems to have a firm grip on reality and conservative ideals!
Just the sort of dude America needs in a time of crisis like the present.
Does Cherman know about him?
#9 Your argument doesn’t hunt. The executive branch is suppose to have their hands on the steering wheel regardless of how nice the ride appears to be.
I can see Bush flipping the auto-pilot switch for the first year but not eight. This is just one of the three disasters.
This one could have been avoided if the RepubliSheeple had not placed him into power.
I am glad our forefathers had the sense to limit terms to two in case the people elected morons into office. Good thinking.
Clearly Obama used his secret time traveling Muslim Kenyan army to go back in time and cause this before he was elected. I think I heard that on Glen Beck or from a Tea Bagger convention…ROTFLMAO.
I love the hypocrisy of the liberals here. When George W. was fixing Clinton’s mess, it didn’t matter because George W. was the current President at the time and it was his fault.
Now that Obama is President, there’s a double standard. There’s no statute of limitations it seems on blaming Bush.
So how many years will it take before liberals decide Obama can assume responsibility for his own actions? Good Grief!
Amazing how many Bush haters forget that the only other option was Al “the world is burning up” Gore. Or that Democrats controlled congress the last 2 years before Obama was elected.
Typical from people who only get their news from the comedy channel.
#23. “I am glad our forefathers had the sense to limit terms to two in case the people elected morons into office. Good thinking.”
Yep, and that speaks volumes about your one-termer.
Clean up Clinton’s mess? You mean that giant budget surplus? I will admit he really did take care of that problem.
“Bush cleaned up Clinton’s mess.” /// WTF–huh? Monica had the blue dress, thats the only mess I know of besides Dont Tell Don’t Ask, and a few other burbles. Course, being a Republitard, I have to assume running a surplus (sic) is considered a mess.
“Algore, the world is burning up.” /// More BS from dolts I assume you are really just that stupid. No need to parse just what frame of mind a short attention span/bad to hallucinogenic memory is. Gore DID NOT RUN ON THE ENVIRONMENT, he never raised the topic and was terse when directly asked about it. The joke at the time, was that he invented the internet.
Guyver and Rick. Boy, you guys make stupid a high water mark. Bush really was your leader.
Dolts.
Some people consider a budget surplus to be a mess.