WHAT'S DELAYING MY DINNER



Burning Down The House: What Caused Our Economic Crisis? 20306


republican agitprop

5 Comments

* Comment
threeiem said on Sat Sep 27th, 2008 1:49am [#11535]
With in the past few days there has been a lot of pointed changes made to the wiki pages they reference. Especially with the Clinton Administration Changes of 1995. Not that it's uncommon, but really effects the credibility of this video.
* Comment
threeiem said on Sat Sep 27th, 2008 1:54am [#11536]
Mr. McCain tells campaign audiences, and he blames Mr. Obamas ties to Fannie Mae executives, particularly former chairmen James A. Johnson and Franklin D. Raines. Mr. Johnson has been a senior Obama adviser, but both Mr. Obama and Mr. Raines say they met once, for just minutes.

-> http://www.nytimes.com/2008/09/26/us/politics/26ch...
* Comment
threeiem said on Sat Sep 27th, 2008 1:54am [#11537]
scratch Raines out of that video
* Comment
threeiem said on Sat Sep 27th, 2008 1:55am [#11538]
Oh crap.. scratch Jim Johnson out of that...

-> http://articles.latimes.com/2008/jun/12/nation/na-...
* Comment
threeiem said on Sat Sep 27th, 2008 3:44am [#11539]
I keep looking at some of these bills ...

-> http://www.govtrack.us/congress/bill.xpd?bill=h108...
-> http://www.govtrack.us/congress/bill.xpd?bill=h107...

And no McCain and in fact Shays, who introduced these, is " *labeled by his supporters as a "maverick" and "independent thinker", while conservative detractors regard him as a RINO ("Republican in name only").* " Whoa! another maverick!

Anyway, my favorite part of the video is this. (and I will add some comments too)

"Big Problem!" (we have been in a costly war for two years now, mission accomplished)

"Interest Rates Rose" (U.S. dollar weakens and the Inflation rate in 2005 (as indicated in the movie) was 4.69%, before Bush, the inflation rate was 2.63% -> http://inflationdata.com/inflation/Inflation_Rate/... (oh yeah, that's right the democrats couldn't have done that, they didn't have the majority until after 1996.))

"Gas Prices Shot Up" -> http://www.wtrg.com/oil_graphs/oilprice1947.gif look at 2005 (when the last republican president was in office)... Iraq war? no, couldn't be that. Who uses gas during a war, much less two wars?)

"Paychecks Got Squeezed" (Umm.. duh, didn't I already say that U.S. dollar was weakened.. well, shit wouldn't that inflate the cost of a house too?)

"Especially Low Income Pay Checks" (Really, inflation, everything else got more costly (especially health care) (oh yeah, and like you said, gas)... That is a "big problem" and I don't think it had anything to do with law changes in 1995 to allow Fannie and Freddy to offer more Mortgage Bases Securities to help lower income people get off the street and into a house. It wasn't until after 2000 that the home prices began to rise. It wasn't until after 2000 that the federal government began to cut back on education, social and medical services. For some reason they seem to think that the cost of that stuff would just *disappear*. But, it doesn't just disappear and is placed on the taxpayers. Lower income families are now faced with new expenses and fewer skills to earn a living.

I'm just not sold at all.

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