Fannie & Freddie....Remember

iVillage Member
Registered: 03-25-2007
Fannie & Freddie....Remember
48
Sun, 10-19-2008 - 9:08pm

In the last couple of months, there have been a number of threads where posters have contended that if only those durned Democrats hadn't blocked legislation introduced by Chuck Hagel (and later signed onto by McCain), that Fannie & Freddie wouldn't have suffered such incredible losses.

Sopal

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iVillage Member
Registered: 06-09-2008
Mon, 10-20-2008 - 10:32am

Let's look at the rate of poverty in the US over the years.

iVillage Member
Registered: 03-25-2007
Mon, 10-20-2008 - 10:54am

Taxation accomplished that.

Sopal

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iVillage Member
Registered: 07-25-2006
Mon, 10-20-2008 - 10:59am

Oh dear , what are we to believe? Is it


iVillage Member
Registered: 03-25-2007
Mon, 10-20-2008 - 11:31am

<Oh dear , what are we to believe? Is it

Sopal

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iVillage Member
Registered: 09-26-2008
Mon, 10-20-2008 - 11:40am


This will most likely be ignored since it's not from an "approved" right wing source - but what the heck...
iVillage Member
Registered: 07-25-2006
Mon, 10-20-2008 - 1:09pm
Why does it make any difference , if the bill was killed and by whom, if we are to believe that Fannie and Freddie had nothing to do with this financial crisis. Who cares who killed

iVillage Member
Registered: 07-25-2006
Mon, 10-20-2008 - 1:12pm

<>Interesting how cutting taxes led to a higher national debt:<>


It was increased spending, NOT cutting taxes that raised the national debt.


<>It's all the more remarkable given that federal tax revenues as a share of GDP are currently above their modern historical level. The latest budget estimate is that fiscal 2007 revenues will reach 18.8% of GDP, compared to the 40-year historical average of 18.3%. Tax revenues this year are rising by nearly 8%, following increases of 11.8% in 2006 and 14.6% in 2005. The budget deficit is down to 1.5% of GDP, and falling. But apparently Democrats still think Americans are undertaxed.<>



iVillage Member
Registered: 07-25-2006
Mon, 10-20-2008 - 1:16pm
Isn't this the same

iVillage Member
Registered: 03-25-2007
Mon, 10-20-2008 - 1:24pm
That is not what the article I posted says.

Sopal

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iVillage Member
Registered: 03-25-2007
Mon, 10-20-2008 - 1:37pm

<It was increased spending, NOT cutting taxes that raised the national debt.>


What new spending was undertaken?

Sopal

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