Comments on: The Fundamentals Of Our Economy Are Strong http://www.onebigdog.net/the-fundamentals-of-our-economy-are-strong/ "Let that be a lesson to you, boys and girls. Don't ever argue with the Big Dog because the Big Dog is always right" Tue, 14 Feb 2012 05:27:03 -0500 hourly 1 http://wordpress.org/?v= By: Big Dog http://www.onebigdog.net/the-fundamentals-of-our-economy-are-strong/comment-page-1/#comment-123836 Big Dog Thu, 18 Sep 2008 18:08:27 +0000 http://www.onebigdog.net/?p=4160#comment-123836 John Q, Just because one party or the other has a majority does not mean they can get what they want passed.  The Senate has been close in number and without a majority a bill cannot proceed.   Both chambers have to end up with identical bills and items can be added that kill the bill.  And, a few Republicans voted against it.  People need a civics lesson. Democratic policies of making sure all the poor folks had a house, Democratic cronies making millions off corruption in these entities and Democrats blocking President Bush in 2003. It all ads up. John Q,
Just because one party or the other has a majority does not mean they can get what they want passed.  The Senate has been close in number and without a majority a bill cannot proceed.   Both chambers have to end up with identical bills and items can be added that kill the bill.  And, a few Republicans voted against it.  People need a civics lesson.

Democratic policies of making sure all the poor folks had a house, Democratic cronies making millions off corruption in these entities and Democrats blocking President Bush in 2003.

It all ads up.

]]> By: Joe Q. Public http://www.onebigdog.net/the-fundamentals-of-our-economy-are-strong/comment-page-1/#comment-123831 Joe Q. Public Thu, 18 Sep 2008 16:25:16 +0000 http://www.onebigdog.net/?p=4160#comment-123831 Big Dog, It is funny that you stated George Bush wanted to take care of Mortgage companies back in 2003.  You stated it was blocked by Democrats.  How could this be? Up until the past 2.5 years there has been a Republican controlled Congress and Senate.  Say what you want about bailouts but we as a country are spending 50 billion a month on Iraq with no resolution in site. Big Dog,

It is funny that you stated George Bush wanted to take care of Mortgage companies back in 2003.  You stated it was blocked by Democrats.  How could this be? Up until the past 2.5 years there has been a Republican controlled Congress and Senate.  Say what you want about bailouts but we as a country are spending 50 billion a month on Iraq with no resolution in site.

]]> By: Big Dog http://www.onebigdog.net/the-fundamentals-of-our-economy-are-strong/comment-page-1/#comment-123799 Big Dog Wed, 17 Sep 2008 19:30:15 +0000 http://www.onebigdog.net/?p=4160#comment-123799 Tex, the fundamentals are strong (and Bloomberg seems to think so as well).  What is not strong are the corrupt people running things and their accomplices in Congress.  Obama's financial advisers are former Fannie and Freddie people, he had a Countrywide guy in vetting VPs and he has taken more money than almost anyone from these institutions.  The people who were supposed to be looking at this said all was well, one of whom was Barney Frank and now Pelosi wants him to investigate it.  George Bush wanted this taken care of in 2003 and it was blocked by the Democrats.  Just read the NYT piece on it.  Democrats left us all these rules about low income home buyers and no document loans (Liar Loans). As for Lehman Brothers, they took risks and they were wrong.  That company failed because of the hubris of its CEO.  He took great risks and was wrong.  If you bet $5000 on a 100:1 longshot and he wins you look like a genius but if he loses you are out 5 grand.  The CEO bet things would be OK and he was wrong.  If he screwed up then they should go out of business. AIG has a 24 month loan so while it is a bail out the money should be repaid.  While I do not agree with bailing them or Fannie/Freddie I understand why it was done.  AIG holds the insurance on the bond market and the other two held 5 trillion dollars in home loans.  Bush wanted restrictions on them and the Dems poo poo'd it.  Couple this with their idea that everyone can have a home loan and you have a recipe for disaster. Tex, the fundamentals are strong (and Bloomberg seems to think so as well).  What is not strong are the corrupt people running things and their accomplices in Congress.  Obama’s financial advisers are former Fannie and Freddie people, he had a Countrywide guy in vetting VPs and he has taken more money than almost anyone from these institutions.  The people who were supposed to be looking at this said all was well, one of whom was Barney Frank and now Pelosi wants him to investigate it. 

George Bush wanted this taken care of in 2003 and it was blocked by the Democrats.  Just read the NYT piece on it.  Democrats left us all these rules about low income home buyers and no document loans (Liar Loans).

As for Lehman Brothers, they took risks and they were wrong.  That company failed because of the hubris of its CEO.  He took great risks and was wrong.  If you bet $5000 on a 100:1 longshot and he wins you look like a genius but if he loses you are out 5 grand.  The CEO bet things would be OK and he was wrong.  If he screwed up then they should go out of business.

AIG has a 24 month loan so while it is a bail out the money should be repaid.  While I do not agree with bailing them or Fannie/Freddie I understand why it was done.  AIG holds the insurance on the bond market and the other two held 5 trillion dollars in home loans.  Bush wanted restrictions on them and the Dems poo poo’d it.  Couple this with their idea that everyone can have a home loan and you have a recipe for disaster.

]]> By: Tex http://www.onebigdog.net/the-fundamentals-of-our-economy-are-strong/comment-page-1/#comment-123794 Tex Wed, 17 Sep 2008 16:48:54 +0000 http://www.onebigdog.net/?p=4160#comment-123794 If John McCain thinks that "the fundamentals of our economy are strong," then that phrase is effectively meaningless. Unemployment is at a five-year high, consumer spending is predicted to decline this fiscal quarter for the first time in 17 years, and we are currently undergoing the worst housing bust since the Great Depression. And that's not even taking into account the fact that one of the nation's longest-lived and most powerful investment banks, Lehman Brothers, is filing for bankruptcy. Lehman has $613 billion of debt, and the ripple effects of its liquidation will reach far. That's not taking into account that one of the nation's largest banks, Washington Mutual, is in serious trouble. That's not taking into account the woes of one of the nation's largest insurance companies, AIG and the recent 85 BILLION dollar bail out.. Do we recall the fate of the nation's largest mortgage lender, Countrywide? Anyone who has recently reviewed the performance of a 401K or kid's college fund or IRA probably doesn't think that the fundamentals of the economy are strong. Anyone who uses his or her car to commute to work probably doesn't feel that the fundamentals of the economy are strong. Anyone who has been paying attention to the figures on rising bankruptcy filings for individual Americans, the record number of foreclosures, and ballooning credit card debt doesn't think that the fundamentals of the economy are strong. For at least a year, most economists have been debating whether or not the economy is in a recession. That's not a debate you have when the fundamentals of the economy are strong. Heck of a job BROWNIE!!!! If John McCain thinks that “the fundamentals of our economy are strong,” then that phrase is effectively meaningless. Unemployment is at a five-year high, consumer spending is predicted to decline this fiscal quarter for the first time in 17 years, and we are currently undergoing the worst housing bust since the Great Depression.
And that’s not even taking into account the fact that one of the nation’s longest-lived and most powerful investment banks, Lehman Brothers, is filing for bankruptcy. Lehman has $613 billion of debt, and the ripple effects of its liquidation will reach far. That’s not taking into account that one of the nation’s largest banks, Washington Mutual, is in serious trouble. That’s not taking into account the woes of one of the nation’s largest insurance companies, AIG and the recent 85 BILLION dollar bail out.. Do we recall the fate of the nation’s largest mortgage lender, Countrywide?
Anyone who has recently reviewed the performance of a 401K or kid’s college fund or IRA probably doesn’t think that the fundamentals of the economy are strong. Anyone who uses his or her car to commute to work probably doesn’t feel that the fundamentals of the economy are strong. Anyone who has been paying attention to the figures on rising bankruptcy filings for individual Americans, the record number of foreclosures, and ballooning credit card debt doesn’t think that the fundamentals of the economy are strong. For at least a year, most economists have been debating whether or not the economy is in a recession.
That’s not a debate you have when the fundamentals of the economy are strong.
Heck of a job BROWNIE!!!!

]]> By: Big Dog http://www.onebigdog.net/the-fundamentals-of-our-economy-are-strong/comment-page-1/#comment-123757 Big Dog Wed, 17 Sep 2008 03:33:10 +0000 http://www.onebigdog.net/?p=4160#comment-123757 You are some liberal Obama backer so actually, someone told you what to say.  You are not capable of thinking on your own... You are some liberal Obama backer so actually, someone told you what to say.  You are not capable of thinking on your own…

]]> By: Jason Hears http://www.onebigdog.net/the-fundamentals-of-our-economy-are-strong/comment-page-1/#comment-123755 Jason Hears Wed, 17 Sep 2008 03:29:22 +0000 http://www.onebigdog.net/?p=4160#comment-123755 You're a moron.  I read that somewhere. You’re a moron.  I read that somewhere.

]]> By: David M http://www.onebigdog.net/the-fundamentals-of-our-economy-are-strong/comment-page-1/#comment-123735 David M Tue, 16 Sep 2008 18:19:14 +0000 http://www.onebigdog.net/?p=4160#comment-123735 The Thunder Run has linked to this post in the - <a href="http://thunderrun.blogspot.com/2008/09/web-reconnaissance-for-09162008.html" rel="nofollow"> Web Reconnaissance for 09/16/2008 </a> A short recon of what’s out there that might draw your attention, updated throughout the day...so check back often. The Thunder Run has linked to this post in the – Web Reconnaissance for 09/16/2008 A short recon of what’s out there that might draw your attention, updated throughout the day…so check back often.

]]> By: Adam http://www.onebigdog.net/the-fundamentals-of-our-economy-are-strong/comment-page-1/#comment-123733 Adam Tue, 16 Sep 2008 17:35:50 +0000 http://www.onebigdog.net/?p=4160#comment-123733 Maybe you'd like to outline exactly what these fundamentals are in this economy that are strong... Maybe you’d like to outline exactly what these fundamentals are in this economy that are strong…

]]>