Clueless about the economy

iVillage Member
Registered: 03-17-2006
Clueless about the economy
175
Tue, 09-16-2008 - 7:37am
Does John McCain really believe that our economy is fundamentally sound? Is this guy out of his freakin’ mind? He is either too old or too stupid to be president. Umployment is down. Wages are down. The price of everything is up. The deficit is up. The national debt is up. Yeah, sounds like the economy is in great shape, John. Perhaps it is time for another tax break for those who make over $250,000 a year. We could use some of that Reagan trickledown voodoo economics about now.
Perhaps when McCain is elected, his new treasury secretary Phil Gramm will straighten all of us whiners out?
The guys seem to be clueless about the economy.

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iVillage Member
Registered: 01-14-2008
Thu, 09-18-2008 - 9:47am
The bill was not vetoed.
iVillage Member
Registered: 03-25-2007
Thu, 09-18-2008 - 10:04am

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iVillage Member
Registered: 01-12-2004
Thu, 09-18-2008 - 10:15am

AIG is not an insurance company like State Farm or Aetna.

iVillage Member
Registered: 01-12-2004
Thu, 09-18-2008 - 10:20am

That's not true.

iVillage Member
Registered: 01-12-2004
Thu, 09-18-2008 - 10:30am
I did not say McCain "made a proposal."
iVillage Member
Registered: 08-29-2008
Thu, 09-18-2008 - 11:26am

No he didn't. The legislation that made all this possible started with Jimmy Carter and Bill Clinton put it into high gear in order to give low income earners a shot at home ownership.

I know that the Huffington Post and Daily Kos is trying to claim that a law that was passed OVERWHELMINGLY (90-8 in the Senate) by both Democrats and Republicans ten years ago had something to do with this crisis, but they have not been clear HOW it contributed, or why McCain is to blame, but Biden and all of the other Democrats in the Senate voted in favor are not. The Daily Kos and Huffington Post preys on their readers.

iVillage Member
Registered: 08-29-2008
Thu, 09-18-2008 - 11:38am

Actually that's not true. It's propaganda from the Daily Kos. This was a bill that was passed OVERWHELMINGLY by BOTH Republicans and Democrats, and was not the bill that caused this crisis. Jimmy Carter (more experienced than Obama, btw) started this ball rolling and Bill Clinton put a jump start on it in order to ensure low income people could become home owners.

Granted, Republicans should have stopped this when they were in power - and John McCain tried - but both sides were able to draw in political points (and money) by leaving it the way it was, so there was little interest. When the Republicans were thrown out (by Republican voters, btw,) the Democrats weren't interested in overturning anything Bill Clinton put into force.

iVillage Member
Registered: 08-20-2008
Thu, 09-18-2008 - 12:15pm
LOL - I doubt if such a learned poster like Jane takes stuff out of the Daily Kos, which is known as left-leaning
iVillage Member
Registered: 08-29-2008
Thu, 09-18-2008 - 12:38pm

That's where the story originated. Maybe she picked it up somewhere else. It's still propaganda from D.K.

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