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StumbleSUN EDITORIAL:
A Tea Party takeover?
Candidates like to say what they are against, but what do they stand for?
Sunday, Sept. 5, 2010 | 2:01 a.m.
The Tea Party movement celebrated the recent Alaska primary in which Joe Miller, one of its adherents, toppled Republican Sen. Lisa Murkowski in her re-election bid. Miller joins a group of candidates, including Sharron Angle in Nevada and Rand Paul in Kentucky, who are carrying the Tea Party banner into the general election.
For months, Tea Party activists have run opposed to President Barack Obama and the Democratic-led Congress, waving the Constitution and talking about “taking back” the government. Never mind that the government is run by the people the voters elected to represent them — as outlined in the Constitution — the Tea Party is fueled by angry rhetoric, declarations of patriotism and references to the Founding Fathers.
For example, Dick Armey, a former Republican leader in Congress who heads a Tea Party group, this year offered the idea that the movement was founded in the beliefs of the Founding Fathers. He complained that there are Democrats and “people here who do not cherish America the way we do,” and he claimed they had not read the Constitution and “did not read the Federalist Papers,” the Founding Fathers’ arguments for the Constitution.
“Who the heck do these people think they are to try to sit in this town with their audacity and second-guess the greatest genius, most courageous genius, in the history of the world?” Armey said. “Who the hell do they think they are?”
As Dana Milbank noted in The Washington Post, Armey was asked how the Federalist Papers could be an inspiration for the Tea Party, which argues for states’ rights, given that their principal author, Alexander Hamilton, supported a strong federal government.
Armey attacked the question, saying, “I just doubt that was the case in fact about Hamilton.”
But it was the case in fact, and Army’s comments show a problem with the Tea Party movement. The Founding Fathers demonstrated genius, and in the creation of this country they brought a diversity of rich ideas and opinions. That kind of thought, though, is missing in this modern movement that loves to invoke the Founding Fathers. Instead, the country has been fed empty rhetoric meant to play on voters’ anger.
It may sound good to hear the Tea Party talk about limited government, but what does that mean? If it were up to Angle, there would be no Education Department, Energy Department or Environmental Protection Agency.
In Angle’s view, government aid would be peeled back and Social Security would be phased out. She has argued against an extension of unemployment benefits to out-of-work Americans because such payments have “spoiled” citizens.
She has also said it’s not a senator’s job to help create jobs and said she wouldn’t have done what Senate Majority Leader Harry Reid did when he worked to help MGM Resorts International finish CityCenter, saving more than 20,000 jobs.
People may be angry enough to throw the incumbents out of office this fall, but as the general election draws near, they should realize that voting against someone means casting a ballot for someone else. It is important to consider not just what the Tea Party candidates say they are against but also what they’re for because their beliefs and ideology will have a significant effect on this country should they be elected.
Discussion: 4 comments so far…
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Tea Party Core Values:
--- Fiscal Responsibility.
--- Constitutionally limited government.
--- Free Markets.
Less government? less regulation? mining deaths, oil rig explosions, run away cars, e coli spinach, salmonella eggs, endoscopy center and hospital infections...
Hooray for the private sector?
What should we do Sharon? Just pray that it doesn't happen to our families?
No wonder the puppett masters behind the tea party (send teabags to your elected officials) are inherted wealth people that want to protect their pile of money at the expense of the rest of the country. (Just search engine the environmental and safty records of the Koch Bros. for example.)
The unemployment and Social Security benefits you save maybe your own.
Freedumb Works, AFP, NPI, Cato, Heritage, Rovian carpet bagger meddlers groups are the shock troops of the inherted wealth crowd.
TWEZOD
The teabagger party wants to shove its self-righteous, right wing agenda down America's throat. These are radical extremist who have no real plan except to further enrich the upper class while mindlessly cutting and gutting government, regardless of the consequences.
It'll be their way or the highway. And should things not go their way the threat of a Second Amendment remedy is very real.
Instead of Barry Goldwater and William F Buckley Jr, the Tea Party "conservatives" quote Glenn Beck??
Oh how the once mighty Republican party has fallen..
Let's look at the Progressive (Republican and Democrat) record.
We have dangerous oil well drilling in 5000 feet of water with wavers given by (progressive bush and Obama administration) the government. What deregulation, too many regulations is more like it. So many so that the people enforcing the regulations have no idea of the regulations they are enforcing. They now have the regulation "dejour".
Too many laws about how you are supposed to do something. Need to stop an oil spill, better check the regulations first and NOT build that SAND BERM that would keep the oil out of the MARSHES. That would be illegal.
Since LBJs war of poverty, the people in poverty in 2008 number 39,108,422 people. That number has gone up every year. I call that an EPIC FAIL!
The number of food stamp recipients has climbed by about 10 million over the past two years, resulting in a program that now feeds 1 in 8 Americans and nearly 1 in 4 children. Source NYtimes : November 28, 2009 Another EPIC FAIL.
State Taxes saw major increases in the last 8 years but we now have 14+% unemployment to show for it. Uhauls are leaving this state and have been since 2008.
Like being progressive, because I have lots more.
Government is the problem. Government does some things quite well, running peoples daily lives is not one of them.
Gordon,
Good points on all cylinders. As you may have surmised, the American Taliban has infiltrated this website, gbigs, gogogwhiteson, longun, jank, etc.
It is unfortunate that after you have shown them the errors and in many cases inhumanity of their ways, the American Taliban training kicks in, they "reload" and never seem to get rational.
I'll bet the American Taliban's heads will be exploding on labor day. Either that or they have sent goodie baskets to their employees in China, the ones averaging 64 cents an hour. On second thought, nah, they are too cheap.
Have a great day, and thanks for being on the side of truth, justice, and the American way.
The Tea Party & the Republican Party represent the interests of the wealthy and corporations. The wealthy already have everything they need and want so they're ALWAYS going to oppose any kind of govt programs EXCEPT defense which protects their wealth & status.
gbibs writes:
"The Tea Party is a true grass roots movement. The daily attacks on it, and their candidates proves they are effective."
It's actually a "grass roots movement" funded by two oil billionaires (the Koch brothers) and helped out by another billionaire, Rupert Murdoch--all three of these billionaires want lower taxes, as they are in the top 1% of the tax bracket.
The first two billionaires actually kill Americans in order to make a profit. Nice.
From the New Yorker:
"The Kochs are longtime libertarians who believe in drastically lower personal and corporate taxes, minimal social services for the needy, and much less oversight of industry--especially environmental regulation. These views dovetail with the brothers' corporate interests. In a study released this spring, the University of Massachusetts at Amherst's Political Economy Research Institute named Koch Industries one of the top ten air polluters in the United States. And Greenpeace issued a report identifying the company as a "kingpin of climate science denial." The report showed that, from 2005 to 2008, the Kochs vastly outdid ExxonMobil in giving money to organizations fighting legislation related to climate change, underwriting a huge network of foundations, think tanks, and political front groups. Indeed, the brothers have funded opposition campaigns against so many Obama Administration policies--from health-care reform to the economic-stimulus program--that, in political circles, their ideological network is known as the Kochtopus..."What they don't say is that, in part, this is a grassroots citizens' movement brought to you by a bunch of oil billionaires."
"The Billionaires Bankrolling the Tea Party"
http://www.nytimes.com/2010/08/29/opinio...
http://www.newyorker.com/reporting/2010/...
http://www.propublica.org/blog/item/comp...
AP
Tea Party Core Values:
--- Ignorance.
--- Anti-Intellectualism.
--- Racism.
--- Religious Intolerance
Actually, gbigs, you might want to go see a psychiatrist.
Because all of the qualities that you listed perfectly describe yourself.
Have you heard of "projection?"
AP
I read this recently on another site:
Did you know that the words "race car" spelled backwards still spells "race car?"
That "eat" is the only word, if you take the first letter and move it to the last, spells its past tense, "ate?"
And if you rearrange the letters in "so-called tea party Republicans," and add just a few more letters, it spells:
"Shut up you free-loading, progress-blocking, benefit-grabbing, resource-sucking, violent, narrow minded hypocrites, and face the fact that you nearly wrecked the country under Bush."
Such is the Tea Party. Facts are twisted to make nonsense, lies, a wrong portrait of a variety of subjects and just plain outright bonkers crazy talk. And it is all painted as a "grass roots movement." No. It was created by the Republican Party as a fund raising effort, but it changed into a Frankenstein monster that has turned back on its master. Like a cancer from within, the Tea Party is chewing apart the Republican Party. THEY created it, so now they have to chase their own demons and figure out what to do with it...because all indications show they can't control it. Because people in the Tea Party are pretty much uncontrollable.
I prefer the Sanity Party of the Democrats. And not the Republican created Tea Party.
The Democrats give hope. Tea Partiers are just a bunch of rabble jumping up and down and screaming, talking in vague generalities, complaining about this that and the other, but partaking of the things they complain about, but offering no solutions to anything. Their emphasis is more on throwing hate this, hate that out there left and right, worried about President Obama using a teleprompter, and if he is an Islamo Nazi, and other incredibly dumb and stupid things that don't solve anything other than to make Republicans jump up and down in glee that they are there doing this stuff and throwing monkey wrenches in the gears of an administration that is doing its best to dig us out of a deep and wide economic pit...a pit the Republicans threw us in...and the same pit the Republicans want to go back into with the clear evidence of wanting to revert back to those failed policies if they get back into power.
In November, slam the door on their faces here in Nevada. They offer nothing but hopelessness, misery, suffering, frustration and more and more economic ruin. To change now makes no sense. This recession is bad and it's going to take awhile to get out of it. To lose patience and switch in mid-stream will be destructive.
teabaggers, like gbigs, are pond scum. they make al qaeda look like girl scouts. biggest good for nothings to hit the planet.( next to the republicans , of course.)
Anyone who has studied American history and the Founding Fathers knows that Hamilton advocated for a government based on:
*a concentration of power in the federal government
*a fear of mob rule
*a republic led by a well-educated elite
*a loose interpretation of the Constitution
*an economy based on shipping and manufacturing
*a national bank
*his supporters were merchants, manufacturers, landowners, investors, lawyers, clergy
That Armey didn't know that Hamilton stood for a strong central government and by saying that Hamilton stood for states rights when he didn't should lead one to question whether Armey knows what he is talking about. He's perverting history to suit his own purposes.
Jefferson, on the other hand, advocated for a government based on:
*sharing power with state and local governments and limited national power (federal government)
*fear of absolute power or ruler
*democracy of virtuous farmers and tradespeople
*a strict interpretation of the Constitution
*an economy based on farming
*that a national bank was unconstitutional
*paying only the national debt and leaving states to pay their own debts
*his supporters were the "plain people" (farmers, tradespeople)
If one looks at those who supported both of these Founding Fathers, it's easy to see that Armey is in the Hamilton column while the tea party groups are in the Jefferson column. Armey is a corporatist who is telling the tea partiers that he is among those who would have supported Jefferson's ideas when, in reality, he isn't. My theory is that he and others like him are willing to lie and mislead for their own purposes. He knows there is little connection between himself and the average person, but that doesn't stop him from developing schemes and trying to harness their votes to promote his own agenda. Another example of Armey not knowing the history of his own country can be found in the fact that he supports candidates who lack the intelligence and skills to govern. Hamilton believed that those who run our government should be educated and knowledgeable, but Armey has led the tea party groups to believe that being well-educated is a huge negative when it comes to running for office and governing effectively.
Republicans, wingnuts:
--- arrogance, John Ensign, Sharon Angle
--- ignorance, of any topic, see above
--- rigid fascistic intrinsic value set (fascism is right wing ideal, but the right doesn't yet understand that, its too stupid)
--- racial animosity and hatred underlying many of the issues and race baiting occurring on a daily basis
--- hypocrisy: saving America by destroying its freedoms with the so called Patriot Act
--- entitlement mentality by the rich for all the wealth in the country
--- class warfare against all lower classes
--- deceitfull by lying to their lower class constituents that they would actually do something for them
--- dishonest, corrupt, toe-sucking (Dick Morris, Karl Rove..oh yea, that wasn't a toe
--- warmongering: two wars in 8 years
--- income redistributors from the poor and middle class to the rich at a rate unprecidented in American History
--- power mongers, who rule like Vito Corleone
--- elitist, and needing to take all the wealth from the "small people"
--- demagoguing, every issue using their pea brained bubble heads on FOX and hate radio
--- youth poisoners, who try to brainwash youth in places like Liberty University
--- USA haters, transnationalists who take the wealth stolen in the US overseas at the drop of a hat: Haliburton, Blackwater
Jank
The US spends as much on department of defense as the next twelve largest spending countries in the world combined. We could cut defense spending in half and still spend more than the next 8 largest combined. Are you for that kind of fiscal responsibility? It would save about $800 billion a year.
gbigs
America> love it or leave it.
This is nothing but a free Harry Reid Ad, all lies. There are no jobs saved, Nevada is out of work and by the way when is MGM going to pay the contractors they ripped off?
Time for Crazy Angle supporters to PANIC! because their favorite polling outfit, Rasmussen, shows a 5-point swing toward Sen. Reid in just two weeks
___________
Rasmussen Sept 1st poll:
Reid - 50%
Angle - 47%
gbigs: really showing your ignorance and venom now!
Republican, wingnuts
--- tax dodgers - believe that the rich can't pay an extra 3% or it would be the death of the nation! Move corporate offices offshore after cheating the country of billions: Haliburton, Blackwater
--- history revisors - Trying to recreate Bush's Iraq adventure as a noble cause rather than lies and an unprovoved invasion
--- islam defenders - oh, sorry, Dems believe in the constitutional right of freedom of religion..my bad
--- ethics violators - Ensign. nuff said
--- sexual deviants - Far more Republicans in congress and senate involved in perversion than Dems. most Republicans, really, really repressed
--- wife cheaters, Ensign
--- global warming cultists?? No, we believe in SCINTIFIC EVIDENCE that 93% of all climatologists believe in. Oh, and these 93% present far more peer reviewed papers than the 7% on a per scientist basis, in other words, they are real researchers and not oil company shills
--- appeasers of dictators and USA bashers, Repubs supported Saddam Hussein! Even gave him weapons and intelligence, Reagan and Oliver North sold weapons to Iran!!
--- jury nullifiers??????
--- campaign finance violators - HAHAHAHAHA!! Corporations are now allowed to finance elections..HAHAHAHAHA
--- union water carriers..doing a pretty bad job with that one
--- abortion perps...Republicans want raped women to make LEMONADE!
--- party of slavery..Dems abandoned the KKK, the Republicans thought it was a good idea and HAVE NOW TAKEN IT OVER!
gbigs = big oil Koch brothers pollution
not interested in USofA, just money in any currency
paid internet shill
Only the social parasites and blooming idiots are voting for reid.
This column is really not what the title says. It is just another anti-Angle rant.
What exactly does the U.S. Department of Education do? Didn't Reagan want to get rid of too?
Teabaggers love to quote Hitler. Closet Nazis one and all.
gfigs is losing it big time, going all 2nd Amendment remedy on these boards.
He's a good example of a bats%#& crazy Angle supporter.
Emotional and mental instability runs in the teabagger blood.
The teabaggers are the craziest lunatics on
the face of this earth.
The greedy republican teabaggers have only one
platform to run on.
They want to STEAL FROM THE POOR AND GIVE TO
THE RICH.
WE WILL BEAT THESE CLOWNS SOUNDLY
IN NOVEMBER.
Please refrain from voting Republicans your "deeply unserious".
gbigs writes:
"If you tell a big enough lie and tell it frequently enough, it will be believed.
Adolf Hitler
"The democrats big lie? That Bush crashed the econ. In fact the DEMS did it using Fannie Mae to push houses at THEIR inner city poor."
I think the most amazing thing about your mindset, gbigs, is how you project the worst things in you onto other people and groups. You accuse others of repeatedly lying--which you do over and over again.
So I guess, to follow your own reasoning, you have borrowed a page from Adolf Hitler.
You continue to assert that the Dems pushed Fannie and Freddie to take on subprime mortgages when they took over Congress in 2007 is not true. Bush began the process in 2002. The housing bubble actually popped in 2007:
"Builders to fight Bush's low-income plan
Groups ask HUD to rethink plan that would increase financing of homes to low-income people"
June 17, 2004
"The National Association of Home Builders, along with the National Association of Realtors and the Mortgage Bankers Association, are drafting a letter to Alphonso Jackson, secretary of the Department of Housing and Urban Development (HUD), arguing that middle-income home buyers are the ones that will get hurt by the proposed plan, the NAHB told CNN/Money.
In April, the HUD proposed new rules that would raise the percentage of loans bought by the two government-sponsored enterprises (GSEs) that finance borrowers whose incomes are at or below the median for their area, according to the Wall Street Journal .
But the groups will warn in the letter that the proposed rules requiring the two GSEs to finance more "affordable housing" may have "unintended consequences," hurting some poor and middle-income people struggling to afford houses, the Journal said."
http://money.cnn.com/2004/06/17/real_est...
"White House Philosophy Stoked Mortgage Bonfire"
http://www.nytimes.com/2008/12/21/busine...
AP
Bush pushing subprime loans in 2002:
George W. Bush, "Home of Your Own" speech, May 17, 2002:
"The single greatest barrier to first time home ownership is a high down payment, it is really hard for many, many, low income families to make the high down payment, and so that's why I proposed and urge congress to fully fund the 'American Dream Down Payment Fund', this will use tax payer money to help a low income buyer make a down payment"
"If one of the barriers to home ownership is the inability to make a down payment, and one of the goals is to increase home ownership, it makes sense to help people to pay that down payment"
"I've proposed what we call a single family affordable housing tax credit, to encourage the development of affordable housing in neighborhoods where housing is scarce."
"We certainly don't want there to be fine print preventing people from owning their home, we can change the print"
"These are important initiatives that we can do at the federal government, and the federal government obviously has to play an important role, and we will, when I lay out a goal I mean it"
"The real estate industry benefits when people are encouraged to buy homes, it's in their self interest that we encourage people to buy homes"
"So one of the things I want to talk about today is how to create a sustained commitment by the private sector that will have a powerful impact. First of all, we want to make sure that we help work to expand capital available to buyers, and as I mentioned overcome the barriers."
"That's why I've challenged the industry leaders all across the country, to get after it for this goal, to stay focused, to make sure that we achieve a more secure America, by achieving the goal of five and half million new minority home owners, I call it 'America's Home Ownership Challenge'."
"First of all government sponsored corporations that helped create our mortgage system, I introduced two of the leaders here today, they call those people Fannie Mae and Freddie Mac, as well as the federal home loan banks, will increase their commitment to minority markets by more than 440 billion dollars."
"I want to thank Leland (Freddie Mac) and Franklin (Fannie Mae) for that commitment; it's a commitment that conforms to their charters as well and also conforms to their hearts. This means they will purchase more loans made by banks to African Americans, Hispanics, and other minorities which will encourage home ownership. Freddie Mac will launch 25 initiatives to eliminate home ownership barriers, under one of these consumers with poor credit will be able to get a mortgage with an interest rate that automatically goes down after a period of consistent payments."
"I'm serious about this, this is a very important initiative, for all of America, see it as a chance for us to empower people, we're not going to talk about empowering government, we are talking about empowering people so they have got choices over their lives"
"It means we use the mighty muscle of the federal government in combination with state and local governments to encourage owning your own home."
AP
The bottom line, gbigs, is that your statement that Dems created the housing crisis is false. However, apparently you belive that "If you tell a big enough lie and tell it frequently enough, it will be believed."
Just like Adolf Hitler said.
AP
gbigs... do you live in the deep South? Are you really a member of the KKK, just without the hood any more? Your thoughts are the sick. Seek some help.
glittle said...
"Remember, the Nazis were really left wingers, as are the communists....."
Ha! Ha! Ha! My little buddy got it half right! The communists are over on the left, but the Nazis' are squarely over on the right...
That's not too bad for glittle.....50% is a lot better than he normally does!
George W. Bush was blameless according to the brain trusts of the GOP posters here.
So what did he do for eight years in the White House?
Did he drool all over himself, 'til Karl or Dick or Laura came to wipe off the spittle?
The problem with the Tea Party and the GOP is they think Freedom and Liberty is being told how to think, and what to do by their leaders.
Americans may be so disenchanted that they allow the Tea Party and GOP have a lever of Government.
When they start to implement their wacky policies, Americans will know that they are doing the bidding of their Corporate Masters.
So, then they will have to turn our country into a fascist state to retain power.
They will have to lock up their political enemies, and they will have to start foreign wars to ship more young people off to their deaths. All in the name of vested interests.
It Can Happen Here!
NEGATIVE THOUGHTS AND IDEOLOGIES
OF REPUBLICANS
Abortion is murder 76%
ACORN stole the election 21%
Congress shouldn't make it easier to join unions 68%
Contraceptives should be outlawed 31%
Creationism should be taught in public schools 77%
Gay couples should not have state or federal benefits 68%
Gays should not be allowed to serve in the military 55%
Gays should not teach in schools 73%
Illegal immigrants should not be allowed to work here 59%
Jesus Christ is the only way to salvation and heaven 67%
Marriages are equal partnerships 76%
Obama is a racist 31%
Obama is a Socialist 63%
Obama should be impeached 21%
Obama wants the terrorists to win 24%
Obama was not born in the United States 42%
Sarah Palin is more qualified that Barack Obama 53%
Sex education should not be taught in schools 51%
The birth control pill is abortion 34%
There should be no same-sex marriages 77%
Women should be able to work outside the home 86%
You support the death penalty 91%
Your state should secede from the U.S. 23%
And according to the least amount of calculation, there are approximately 4 MILLION people out there who have agreed to ALL OR MOST OF THE STATEMENTS. Four million. Who are voting irrationally. Who are amongst us. Who want their state to secede from the Union. Who do not like the rest of the people in the U.S. simply because they are not made of 100% whatever they label themselves as.
One Word For the "intellectual, freedom loving, civil rights liberals"
SN*GGER...
The "bad word" police on web have made that word, along wih "n*ggardly..politically incorrect..Those words cannot be posted on the web without the asterik or some other bastardization..
The tea party and right wing are for free speech..
The liberal left are Control Freaks
There are laws about how I must speak and FEEL..Those are left wing liberal laws..
Lets see if the thought police will allow sn*gger this morning
NOPE
Message from The Las Vegas Sun
Plese Correct This Error
"Watch your mouth! The words "n----r" are not allowed here."
I got that message when I tried to post that fine old english word
Try it for yourself..No word that contains..any combination of the letters can be posted
Try it..on any blog..It is a federal law I think..one of the billions of fine print regulations that the Feds churn out..ever day ..day after day..
Write SN*GGER and see what happens..
All Hail The Thought Police..
And you will know and obey every jot and tittle..ignorance of the law excuses no man..Except our elite congress people who pass those laws two by two and read nary a one..
xtra writes:
"I got that message when I tried to post that fine old english word. Try it for yourself..No word that contains..any combination of the letters can be posted"
Actually, I think you could write any swear word of your choosing and most if not all public internet sites would not allow it. If you shout that or other swear words out in a restaurant, you would probably be asked to leave. If you said them normally, people would probably look around and wonder what your problem is.
Ditto in any public place.
No different here.
It's called not being offensive to anyone in public.
What you do in private is your own deal.
Are you saying that if the Tea Party gets into power, that we will all be allowed to shout swear words in public without offending anyone?
Since the Tea Partiers are largely older, conservative white males, I find it interesting that you have such interest in using SN*GGER.
I'm sure it has nothing to do with the color of your skin.
AP
American Patriot..
No Sn*ggering aloud
So I am ROFLMAO
I suggest you look up the word "sn*gger."
OK, next:
Question:
Would the Emergency Medical Service call the police to taser an old white guy for saying:
"Whether 'tis nobler in the mind to suffer the slings and arrows of outraged fortune or take arms against a sea of troubles and by opposing end them.."
NOW..when an old guy is defeated, humiliated by a fall on his front steps..suffering the slings and arrows of outraged fortune..He mentions taking arms against a sea of troubles..
"If I HAD a gun, I would shoot myself."
That is old white guy talk..but the Emergency meds..call the cops and they taser the guy X3 because..he is "suicidal" and "has a gun."
Ken Kesey said, "Damn these guy, won't let a man speak Amercian!
And they don't teach Shakespeare who discussed suicide openly..as a human reaction to despair and humiliation..and to discuss it as literature takes the personal out of it..and maybe helps people talk about their own humanity..without the bathos and pathos..
gbigs writes:
"The DEMOCRATS did the econ crash by creating, feeding, and setting up Fannie and and suprime."
Like Hitler said, just keep repeating the lie over and over again, while plugging your ears, and you might convince someone that you are telling the truth.
The reality is that Bush pushed sub-prime loans as soon as he got into office. The whole thing blew up in 2007--that is when the housing collapse began.
Sorry to burst your bubble, gbigs.
WASHINGTON -- The global financial system was teetering on the edge of collapse when President Bush and his economics team huddled in the Roosevelt Room of the White House for a briefing that, in the words of one participant, "scared the hell out of everybody."
It was Sept. 18. Lehman Brothers had just gone belly-up, overwhelmed by toxic mortgages. Bank of America had swallowed Merrill Lynch in a hastily arranged sale. Two days earlier, Mr. Bush had agreed to pump $85 billion into the failing insurance giant American International Group.
The president listened as Ben S. Bernanke, chairman of the Federal Reserve, laid out the latest terrifying news: The credit markets, gripped by panic, had frozen overnight, and banks were refusing to lend money.
Then his Treasury secretary, Henry M. Paulson Jr., told him that to stave off disaster, he would have to sign off on the biggest government bailout in history.
Mr. Bush, according to several people in the room, paused for a single, stunned moment to take it all in.
"How," he wondered aloud, "did we get here?"
Eight years after arriving in Washington vowing to spread the dream of homeownership, Mr. Bush is leaving office, as he himself said recently, "faced with the prospect of a global meltdown" with roots in the housing sector he so ardently championed.
There are plenty of culprits, like lenders who peddled easy credit, consumers who took on mortgages they could not afford and Wall Street chieftains who loaded up on mortgage-backed securities without regard to the risk.
But the story of how we got here is partly one of Mr. Bush's own making, according to a review of his tenure that included interviews with dozens of current and former administration officials.
From his earliest days in office, Mr. Bush paired his belief that Americans do best when they own their own home with his conviction that markets do best when let alone.
He pushed hard to expand homeownership, especially among minorities, an initiative that dovetailed with his ambition to expand the Republican tent -- and with the business interests of some of his biggest donors. But his housing policies and hands-off approach to regulation encouraged lax lending standards...."
http://www.nytimes.com/2008/12/21/busine...
AP
gbigs
Liberal education consists of a list of pinch mouthed prudery..
The Liberal Trend:
You shouldn't say "Say, bay, lay, play, okay" because it sounds like "gay" and since you are ..*insert* "age, skin color, religious and political persuasion" you hate t...h..o..s..e people... That is the Only Reason you are interested in T..h..o..s..e Words because you want to say "hate words" in public!
Amer Pat
Bush is a neo-liberal. He is a RINO. The first post on the thread states that the Tea Party is for Free Trade...The Republicans had best take note that the Tea Party is not neo-liberal or Free Trade..
Free Trade and privatization of public resources like..selling the Naval Oil Reserves to Occidental Oil (Clinton/Gore) is extremely unpopular..both right and left
gbigs
also..the speculation on the Oil/Commodities market..
gbigs and American Patriot
The democrats got a super majority in 2 election cycles..now the republicans are going to take both house and senate..
Both parties had best get it..Americans DO NOT like free trade..
Americans are not for GATT Or NAFTA..that is unions, that is Ross Perot, that is across party lines..and soon..one party or the other is going to Get It..
Obama promised to get rid of NAFTA and he lied..
Now..the Congress had better get the message or get voted out again..in 2 years
Democrats should start purchasing bottles of Jack Daniels to help console them for their massive and painful defeat they will incur this November.
This election may be a slaughter unlike anything we have ever witnessed in politics.
Harry Reid and Dina Titus the incompetents are going to suffer a painful defeat.
Both parties had best stop "helping" all the rich and poor in the world...and start helping Americans...
Democrats: NAFTA was to help the poor in Mexico
Republicans: GATT is to help the international corporations.
Same side of one coin..and Americans are fed up to the neck with this lying.."For your own good" BS..
I think we can all agree on that..
xtra: You and Dr. Laura need to have your heads examined. There's a difference between free speech and hate speech.
bigsie: The reason I call them teabaggers is because they were all marching around waving teabags early-on in their movement. It's not my fault you and your ilk chose a symbol that also has a pejoritve connotation.
But this is so indicative of the general narrow-mindedness of conservatives. They miss out on the context in which our lives are lived. Remember the bozos in the Nixon Administration that named Nixon's reelection organization C.R.E.E.P.? Some of those same blockheads are behind the Teabagger movement. They just can't get what they can't see through their narrow viewpoint.
pejorative
Once more, anyone interested in learning the true nature of the teabag-wavers, read this:
http://www.newyorker.com/reporting/2010/...
skerlahdee:
*Titters*
You need a dictionary..
*No Sn*ggering Aloud*
The crazy teabaggers killed the greedy
republican party.
Thank you, baggers.
DEMOCRATS WIN BIG IN NOVEMBER.
Other than kissin labor's arse what are dimtards 'for'?
"New polls point to tsunami"
http://www.politico.com/news/stories/091...
I, and all on my GOTV list, are voting Harry and Dina out.
November Is Coming !
We need to clean up voting and the census in this country. Is this because the people have been undercounted by the census or because the States are not obeying the law about removing dead folks from the rolls?
The latest report is troubling. South Dakota, Texas, Mississippi, Kentucky and Indiana report in excess of a dozen counties with more registered voters than living people old enough to vote.
Add Pennsylvania, Wisconsin, Illinois to the list..
Marketyou writes:
"U.S. Debt: 13,000,000,000,000 and rising. You are watching America be ruined right before your eyes...Please, do not vote for any Democrat. Please be responsible"
Actually, you have it backwards. I don't know where you have been for the last 30 years, but let me remind you of recent history:
National debt when Ronald Reagan took office, cut taxes for the wealthy and began the current Republican economic philosophy of "Reaganomics": 900 billion.
National debt when Reagan left office: close to three trillion.
Bush I: cut taxes and doubled national debt.
Clinton: raised taxes, balanced the budget, began to pay the national debt down, and passed on a budget surplus to Bush II.
Bush II: cut taxes and doubled the national debt again. The national debt was 5.768 trillion when Bush took office and 10.35 trillion when he left. In other words, Bush added 4.58 trillion to our national debt. He also left a completely imploded national economy behind and we have spent another trillion trying to stimulate it back to life again.
So when you say "You are watching America be ruined right before your eyes...Please, do not vote for any Democrat" I have to ask: where have you been for the last 30 years?
No Republican president has balanced the budget in over 35 years. Instead, each has either doubled or tripled it.
All because of their tax cuts for the wealthy philosophy, which did not prevent our economy from imploding in the end. All it did was to saddle us with huge amounts of debt.
As they say, "repeating the same thing over and over again and expecting a different outcome is the definition of insanity."
What you are suggesting--vote Republican--is, by definition, insane.
http://www.npr.org/templates/story/story...
http://www.boston.com/business/articles/...
AP
Bush employment vs Obama employment
http://www.businessinsider.com/chart-of-...
GDP
http://www.bsu.edu/ibb/us/gdp00.htm
GDP in Bush's last quarter: down 6.3%
http://useconomy.about.com/b/2009/02/27/...
Graph of 200 years of govt debt
http://www.usgovernmentspending.com/fede...
Reid's office helped me keep my home. No one else would lift a finger to help. I went to political "town hall meetings" and asked for help, all I got was the brush off. From the hopefuls to the audience. Finally I attended a "Reid" function...thats when I got help. They got on it the next day and it is now a done deal! Thank you Harry Reid! I guess everyone else was too busy whining.
Obama..
He said he is talked about him like a dog. No he isn't talked about like a dog. Americans like their dogs.
gbigs:....it was not a "political kickback", he was doing his job. Thats what our elected people are supposed to do. No one else would help. Would you have helped or just complained? I doubt you would have made even 1 phone call for another human being...pal.
gcrazy says the tea party is taking over.
The only thing the crazy teabaggers are taking
over is the lunny-bin.
USELESS LUNATICS.