Enough Failed Republican Policies - Fire the Bums

Er, where was Barney Frank while the banks were tanking?  Ain't he the guy in charge of the Congressional Committee that oversees the Banks?  And Sen Dodd did not want a lot of oversight in the mortgage area did he?  Oh, did I see that Congress is Adjourning, to leave the crisis to Bernanke?  The financial crisis must not be too important to them, huh?

I'll choose Bush again before I'd vote for Obama.  ( And I recall saying 4 years ago "anybody but Bush.  Then the Dems trotted out John Kerry.  Talk about doing everything possible to lose an election.... 

I have good Medical Insurance, so IMHO the health system does not SUCK.  For the middle class it needs a great deal of improvement.  For the destitute, the care is better than for the middle class.

Damn shame there's only two parties!!!!!!!!!!!!

-ed-evans

It is a worse shame that there are any political party`s at all,everyone should belong to,and be a part of the All American Party.Any one who needs a political party to tell them how to vote,also needs a keeper,daily.Just an opinion,not necessarily the gospel truth.

-rino

"I got mine". Spoken like a true Republican Ed. An Anderson County Republican.

White Plains Drifter; Here's a little piece that I think ran in IBD a couple of days ago. And FYI, I do not live in Anderson. And your comment the Medical system sucks is a slap in the face to all the hard working Medical professionals that toil pretty hard under sometime trying conditions. But do enjoy the read below, OK?
The Real Culprits In This Meltdown
By INVESTOR'S BUSINESS DAILY | Posted Monday, September 15, 2008 4:20 PM PT
Big Government: Barack Obama and Democrats blame the historic financial turmoil on the market. But if it's dysfunctional, Democrats during the Clinton years are a prime reason for it.

Read More: Business & Regulation
Obama in a statement yesterday blamed the shocking new round of subprime-related bankruptcies on the free-market system, and specifically the "trickle-down" economics of the Bush administration, which he tried to gig opponent John McCain for wanting to extend.
But it was the Clinton administration, obsessed with multiculturalism, that dictated where mortgage lenders could lend, and originally helped create the market for the high-risk subprime loans now infecting like a retrovirus the balance sheets of many of Wall Street's most revered institutions.
Tough new regulations forced lenders into high-risk areas where they had no choice but to lower lending standards to make the loans that sound business practices had previously guarded against making. It was either that or face stiff government penalties.
The untold story in this whole national crisis is that President Clinton put on steroids the Community Redevelopment Act, a well-intended Carter-era law designed to encourage minority homeownership. And in so doing, he helped create the market for the risky subprime loans that he and Democrats now decry as not only greedy but "predatory."
Yes, the market was fueled by greed and overleveraging in the secondary market for subprimes, vis-a-vis mortgaged-backed securities traded on Wall Street. But the seed was planted in the '90s by Clinton and his social engineers. They were the political catalyst behind this slow-motion financial train wreck.
And it was the Clinton administration that mismanaged the quasi-governmental agencies that over the decades have come to manage the real estate market in America.
As soon as Clinton crony Franklin Delano Raines took the helm in 1999 at Fannie Mae, for example, he used it as his personal piggy bank, looting it for a total of almost $100 million in compensation by the time he left in early 2005 under an ethical cloud.
Other Clinton cronies, including Janet Reno aide Jamie Gorelick, padded their pockets to the tune of another $75 million.
Raines was accused of overstating earnings and shifting losses so he and other senior executives could earn big bonuses.
In the end, Fannie had to pay a record $400 million civil fine for SEC and other violations, while also agreeing as part of a settlement to make changes in its accounting procedures and ways of managing risk.
But it was too little, too late. Raines had reportedly steered Fannie Mae business to subprime giant Countrywide Financial, which was saved from bankruptcy by Bank of America.
At the same time, the Clinton administration was pushing Fannie and her brother Freddie Mac to buy more mortgages from low-income households.
The Clinton-era corruption, combined with unprecedented catering to affordable-housing lobbyists, resulted in today's nationalization of both Fannie and Freddie, a move that is expected to cost taxpayers tens of billions of dollars.
And the worst is far from over. By the time it is, we'll all be paying for Clinton's social experiment, one that Obama hopes to trump with a whole new round of meddling in the housing and jobs markets. In fact, the social experiment Obama has planned could dwarf both the Great Society and New Deal in size and scope.
There's a political root cause to this mess that we ignore at our peril. If we blame the wrong culprits, we'll learn the wrong lessons. And taxpayers will be on the hook for even larger bailouts down the road.
But the government-can-do-no-wrong crowd just doesn't get it. They won't acknowledge the law of unintended consequences from well-meaning, if misguided, acts.
Obama and Democrats on the Hill think even more regulation and more interference in the market will solve the problem their policies helped cause. For now, unarmed by the historic record, conventional wisdom is buying into their blame-business-first rhetoric and bigger-government solutions.
While government arguably has a role in helping low-income folks buy a home, Clinton went overboard by strong-arming lenders with tougher and tougher regulations, which only led to lenders taking on hundreds of billions in subprime bilge.
Market failure? Hardly. Once again, this crisis has government's fingerprints all over it.

© Copyright 2008 Investor's Business Daily. All Rights Reserved.

Apparently, the sub prime debtors were able to keep up with their payments during the Clinton years - seems the defaults are all occurring during Dubya's watch. Guess he's doing a GREAT job....

WPD is absolutely right - throw the bums out. Even if it means Obama - ANYBODY will be better than Bush/McCain..

Oh, and glad you have health insurance also. So do I. Noticed it takes about an hour and a half to see a doctor these days. So, no, I don't think the system is really working. Health care organizations are supposed to be non-profit - so why should the capitalists care if the government helps to run them. It's not taking money out of the greedy bastards that run Wall Street. --Oh, I forgot...there are insurance companies to pay!!

No doubt we have great hard working medical professionals out there who earn their money. Vote for Dr. Marshall Meadors by the way. But when we punish hard working entrepreneurs with a minimum $500 per month non-corporate health insurance premium, we discourage the very free enterprise that Republicans claim to be the flag bearer for.

IBD - another, shall we say, house-organ for those opposed to progress. (Or, if Rush Limbaugh could really read, he'd work there.)
Blaming legislative oversight for the sins of the executive branch lackeys (at Treasury and the Fed) is disingenuous. Barney only took over the helm two years ago. Committees are never particularly efficient at anything. The real (day to day) oversight is placed within the executive, and the executive failed miserably. To harken back to the "socialist engineering" of Clinton is also intellectually dishonest, especially when the bankers were tripping all over each other to pick up this "undesirable" sector of the economy. They mishandled the risk, they failed to do what, as good capitalists we expected them to do, and now, they're blaming government - just like the "undesirables" many bloggers moan about here. Not that I would call them that.

Shake your fingure at bush but it was all set up long before him. hey how much did obumaget from fanny????????

In fairness, this can't be Bush's fault - since he's too dumb to have set this up - but, his people really screwed it up big time (and they're probably still trying to explain it to him).