Wow. You think terrorism is freedom? No wonder you support a big statist like Obama. Apparently more tyranny equates to freedom in your cognitive dissonance reality.

Read the articles you post you illiterate fool. The first explicitly says what I was saying, that the banks were forced to take upon risky loans for poor people. As for the other one, the Government created all of those malinvestments without regulating themselves.

“Oh… I thought you WERE pro-McCain, seeing as you’re anti-Obama. Realizing now that you’re for Ron Paul (who lives in La-La-Land, btw) trying to strike up a convo w/ you won’t probably matter, because your candidate will never win anyway.”

Go back to your online fantasy communist Utopia fighting off the evil GOP.

“i honestly thought Obamination was being sarcastic at first. ”

uhh what made you think that?

Baracks going to win, but i say lets give him a landslide. Let him know their is a lot of support for him. Give him 4 years and see how it goes. If he really is as bad as some people say he’ll be impeached but if his decisions work then we could really restore our standing in the world… and hopefully our economy.

Ah, so, you agree Al-qaeda and other Islamic fundamentalist militants? After all, they are fighting for freedom over perceived Western hegemony? Your attempt at an adage devolves into platitude/witticism. Try again?

2. “You’re one of the people that listens to soundbites and watches Jon Stewart and suddenly thinks he knows everything without studying the subject.”

Oh, so we’re making assumptions now? As long as we’re doing that, I assume you know the subject thoroughly, Mr. “O-bomination”? This is timely because: (1) FN & FM are not even considered by many financial experts to be significant contributors to the subprime mortgage crisis because they invested late in the market (e.g. http://thecaucus.blogs.nytimes.com/2008/10/15/check-point-the-grand-finale/). (2) The Community Reinvestment Act argument has never gained any real support apart from the right. At the tedium of outlining to yet *another* grating poster the counter-arguments, I’ll give you (http://www.nytimes.com/2008/10/15/opinion/15wed2.html) which summarizes them succinctly. (3) This is really getting boring: from #47, I mentioned a Wash Post article which goes deep into the role of Republicans to push deregulation, unhealthily & even surreptitiously: http://www.washingtonpost.com/wp-dyn/content/article/2008/10/14/AR2008101403343.html. It is true that Bush is “the biggest regulator since the Nixon-Ford years” (surprise, surprise, GOP) — but “mostly reflects the many new homeland-security regulations” since 9/11 (http://www.nytimes.com/2008/10/14/business/economy/14regulate.html).

3. “Not as stupid as you, apparently.”

Hmm, resorting to ad hominems. Very expected, but still how unoriginal & boring. No wittier retorts, at least?

4. “Ron Paul is the only Republican in Congress that is against government intervention into the free market.”

Oh… I thought you WERE pro-McCain, seeing as you’re anti-Obama. Realizing now that you’re for Ron Paul (who lives in La-La-Land, btw) trying to strike up a convo w/ you won’t probably matter, because your candidate will never win anyway.

Goshdarnit. Thanks for nothing.

Extremism in the name of liberty is no vice.

“He says “How stupid can you get?” because “Obama voted for the bailout!”. Well DUH, what would that make GOP in the first place? It was Bush who pushed this to be passed, and *EXCESSIVE* deregulation that the GOP & McCain heralds as the answer to everything that caused this in the first place?”

You’re one of the people that listens to soundbites and watches Jon Stewart and suddenly thinks he knows everything without studying the subject. Where is this massive “deregulation” I keep hearing about? Bush has expanded Government spending to it’s largest it has ever been.
The Office of Federal Housing Enterprise Oversight was in charge of regulating Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) and it failed under bureaucracy.
http://www.ofheo.gov/about.aspx?Nav=55
Through the Community Reinvestment Act, banks had to take on risky mortgages to people who could not afford it.

“Why do you think Republicans in Congress hated, detested this bill? It’s in the EXTREME opposite of their ideology: it’s the Satan to their Christ: BIG, MASSIVE govt intervention. But this is what they caused in the first place. How stupid is THAT?”

Not as stupid as you, apparently. Ron Paul is the only Republican in Congress that is against government intervention into the free market. For all the others you could call them Democrats and you wouldn’t be able to tell the difference. McCain? Voted for the bailout.

Of course the answer is not just regulation, but common-sense regulation. Obama *is* pragmatic and he of course understands this.

One, let me quote NYT:

“A new book by an outside adviser to the McCain campaign, Mark Zandi, who is chief economist and co-founder of Moody’s Economy.com, suggests that the mortgage firms’ investments in subprime mortgages resulted in part because the Bush administration ‘put substantial pressure on Fannie Mae and Freddie Mac to increase their funding of mortgage loans to lower-income groups.’ Mr. Bush, who was elected on a vow to create ‘an ownership society,’ was eager to raise the rate of homeownership.”

In other words, perhaps Bush — not just Clinton — had noble aims at the time. But this shows anyone can make this mistake, GOP or Democrat. And somebody can argue that it wasn’t really anyone’s fault. If this is the reason cited, I agree.

Two, and this is the more troubling part, Wash Post released an article the other day (entitled “What Went Wrong”: look it up) that suggested there were isolated calls for regulation during the Clinton administration that were ignored. But when Bush took over, the signals were increasing and becoming more alarming but what happened? The Republicans pushed for MORE deregulation. Now this is the really irresponsible, dangerously-partisan part. A clearinghouse was even proposed by regulating bodies — already part of a bill! — but it was largely ignored by the Bush admin. This IS gross negligence on their part, and it is not at all innocent (like ur statement “His intentions were good but look what it lead to.”); it is downright criminal.

I can’t understand people shouting SOCIALIST SOCIALIST when it was BUSH & his admin who actually PUSHED us into that position. And dont even tell me that Democrats controlled Congress the last 2 yrs. Bills get vetoed by the president in the end.

Obama voted for the bailout! How stupid can you get?