way to stick to the Romney spin….. Except there were no private funds available to bail out the auto industry. SO Mitt would ahve watched millions of Americans unemployed, American aut industry collapse and foreign market share increase. That’s not a future for America that would serve any of us.
Oh, come on Steve, I thought you were going to dress up like a normal person for Halloween. Instead you chose to be yourself again, just another ObamaZombie.
Actually read his article master, Romney said the US should guarantee the loans AFTER the US bankruptcy laws were followed. Try educating yourself on the actual facts before spouting off
Look up the vidoes and congressional trancripts of the hearings into Fannie and Freddie, in which Barney Frank repeatedly came to their defense while republican congressmen and women warned of the upcoming danger.Boston Globe http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2008/09/28/franks_fingerprints_are_all_over_the_financial_fiasco/
The Atlantic http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2008/09/28/franks_fingerprints_are_all_over_the_financial_fiasco/
From fact check.org It’s true that key Democrats opposed the Federal Housing Enterprise Regulatory Reform Act of 2005, which would have established a single, independent regulatory body with jurisdiction over Fannie and Freddie – a move that the Government Accountability Office had recommended in a 2004 report. Current House Banking Committee chairman Rep. Barney Frank of Massachusetts opposed legislation to reorganize oversight in 2000 (when Clinton was still president), 2003 and 2004, saying of the 2000 legislation that concern about Fannie and Freddie was “overblown.” Just last summer, Senate Banking Committee chairman Chris Dodd called a Bush proposal for an independent agency to regulate the two entities “ill-advised.”
denis: PHIL GRAMM WROTE THAT “law” AND INSERTED IT IN A “MUST PASS” BILL! Yes, Clinton signed the total package, because he didn’t have the option to just veto Gramm’s rider. Granted ol’ “lefty” Bill wasn’t totally averse to helping “business interests” either, but it was GRAMM, not Clinton, that did the real damage.
@Scottie: Yes! Let the automakers go bankrupt. Then, when they emerge, the workers lose thier union rights and their pensions. And they will be lucky if they can get their jobs back, even at greatly reduced rates, assuming the jobs do not get sent overseas. This is the way Romney made his fortune at Bain, screwing American workers. Think about who the process serves; The 47%? The 99%? The 1%? The 0.01%?
My son and the company that he worked for were victims of the banks refusing to lend money so Winter stock could be purchased by a very profitable company. Even though the banks had money, they would not lend it.. A company much like Bain purchased the company for pennies on the dollar and immediately liquidated it. Promises to my son to stay with the company and help close it were not kept so my son was left with debt and no remuneration.
yes great job except for ohio walton hills ford plant closing twinsburg chrysler plant closed. gm tech center going to china. trucks to mexico and minivans to canada sorry the bail out did not work well maybe should have made them close and go thru the closing
HUH? consequences have been avoided. The auto industry is doing well right here in America. If we had gone Mitt’s (and your) way, factories would still be shuttered, millions more out of work and foreign companies would have most of the market. You obviously can’t look backwards and understand what has happened any better than you can look forward and determine the best course.
rockngolfer over 11 years ago
I like the dog. Dogs against Romney!
Cat43ullus over 11 years ago
It’s alive, It’s alive, It’s a lie….
kamwick over 11 years ago
Romney should have come as himself….a lying shapeshifter.
moderateisntleft over 11 years ago
way to stick to the Romney spin….. Except there were no private funds available to bail out the auto industry. SO Mitt would ahve watched millions of Americans unemployed, American aut industry collapse and foreign market share increase. That’s not a future for America that would serve any of us.
rockngolfer over 11 years ago
Here is an animated cartoon, Cayman Island Mitt. Turn on sound.
http://www.youtube.com/watch?feature=player_embedded&v=HQUSx8wnyDE
rabidhunter over 11 years ago
Oh, come on Steve, I thought you were going to dress up like a normal person for Halloween. Instead you chose to be yourself again, just another ObamaZombie.
archimedeslives over 11 years ago
Actually read his article master, Romney said the US should guarantee the loans AFTER the US bankruptcy laws were followed. Try educating yourself on the actual facts before spouting off
archimedeslives over 11 years ago
Look up the vidoes and congressional trancripts of the hearings into Fannie and Freddie, in which Barney Frank repeatedly came to their defense while republican congressmen and women warned of the upcoming danger.Boston Globe http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2008/09/28/franks_fingerprints_are_all_over_the_financial_fiasco/
The Atlantic http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2008/09/28/franks_fingerprints_are_all_over_the_financial_fiasco/
Forbes Magazinehttp://www.forbes.com/2009/02/13/housing-bubble-subprime-opinions-contributors_0216_peter_wallison_edward_pinto.html
From fact check.org It’s true that key Democrats opposed the Federal Housing Enterprise Regulatory Reform Act of 2005, which would have established a single, independent regulatory body with jurisdiction over Fannie and Freddie – a move that the Government Accountability Office had recommended in a 2004 report. Current House Banking Committee chairman Rep. Barney Frank of Massachusetts opposed legislation to reorganize oversight in 2000 (when Clinton was still president), 2003 and 2004, saying of the 2000 legislation that concern about Fannie and Freddie was “overblown.” Just last summer, Senate Banking Committee chairman Chris Dodd called a Bush proposal for an independent agency to regulate the two entities “ill-advised.”
Thank you
Dtroutma over 11 years ago
denis: PHIL GRAMM WROTE THAT “law” AND INSERTED IT IN A “MUST PASS” BILL! Yes, Clinton signed the total package, because he didn’t have the option to just veto Gramm’s rider. Granted ol’ “lefty” Bill wasn’t totally averse to helping “business interests” either, but it was GRAMM, not Clinton, that did the real damage.
Dtroutma over 11 years ago
Yes, Mitt would be the worst, ever, even topping the incompetence of “W”, and THAT is scary indeed, too much even for Halloween.
eepatt over 11 years ago
@Scottie: Yes! Let the automakers go bankrupt. Then, when they emerge, the workers lose thier union rights and their pensions. And they will be lucky if they can get their jobs back, even at greatly reduced rates, assuming the jobs do not get sent overseas. This is the way Romney made his fortune at Bain, screwing American workers. Think about who the process serves; The 47%? The 99%? The 1%? The 0.01%?
Justice22 over 11 years ago
My son and the company that he worked for were victims of the banks refusing to lend money so Winter stock could be purchased by a very profitable company. Even though the banks had money, they would not lend it.. A company much like Bain purchased the company for pennies on the dollar and immediately liquidated it. Promises to my son to stay with the company and help close it were not kept so my son was left with debt and no remuneration.
rini1946 over 11 years ago
yes great job except for ohio walton hills ford plant closing twinsburg chrysler plant closed. gm tech center going to china. trucks to mexico and minivans to canada sorry the bail out did not work well maybe should have made them close and go thru the closing
moderateisntleft over 11 years ago
HUH? consequences have been avoided. The auto industry is doing well right here in America. If we had gone Mitt’s (and your) way, factories would still be shuttered, millions more out of work and foreign companies would have most of the market. You obviously can’t look backwards and understand what has happened any better than you can look forward and determine the best course.