An Ol’ Broad’s Ramblings

Just Stop Talking!

28 February 2009, 10:46 pm. 17 Comments. Filed under The ONE.

erkle

Swiped from Walt’s Facebook page.

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17 Comments »

  1. capper. 1 March 2009, 12:47 am

    OK, I’ll admit it. That picture is funny. Wildly inaccurate, but funny.

  2. olbroad. 1 March 2009, 9:50 am

    Pshaw! Every time he, or one of the minions talks, the market drops. Why? NO confidence. And yeah…it is funny. :) But not! :(

  3. capper. 1 March 2009, 2:48 pm

    The market dropped due to shortcomings in profits for several companies in the last quarter. Bush was still POTUS and still f’ing things up. He had eight year to dig us in this hole, and no one will get us out in 6 weeks.

    Just like Iraq, it takes time to fix the GOP’s bigger blunders.

  4. olbroad. 1 March 2009, 4:43 pm

    Yer so funny. Let’s see….in reality, it started in Carter years. Then, Clinton made it worse. Fancy Frank and company insist all is well, even though Bush, and others tried to get people to pay attention to the coming fiasco.

    So, you want to fix blunders with even BIGGER blunders? Uh huh. Makes a whole lot of sense.

  5. capper. 1 March 2009, 7:32 pm

    You know Kate, if you’d stop hitting your head against the wall, it would be easier for you to talk sense.

    But you are correct with one thing. We did try to warn people, but the money lenders, the housing people, and the oil people (including Bush) could or would only see the dollar signs.

    As long as they got theirs, to hell with the rest of us.

  6. olbroad. 1 March 2009, 7:42 pm

    Don’t make me come up there and smack you! :P And what’s this “we” stuff? Got a mouse in yer pocket?

    A bubble was fabricated, by unsavory practices PUSHED by folks like Frank and what’s her face, and ….it went POOF. Now, folks are getting their knickers in a twist because they paid WAY more than their house was worth. So did we. We aren’t going to be demanding someone pay our mortgage though. If I have to sell apples on the street to keep it, then so be it.

    Question: And I mean a serious question…. with the drop of housing prices, do you think property taxes are going to drop? I mean since they were OVER appreciated, shouldn’t the taxes drop with the depreciation?

  7. capper. 1 March 2009, 7:48 pm

    For the first part, I have a new mouse, but I keep it on the pad by the computer. :D

    The mortgage lenders went way, way beyond what was required by law. Congress, both sides, only enabled their greed.

    As for the last, all I know is the taxes on the northern castle dropped $200 or 16.2% this year. I don’t know if that is because of the housing bubble burst, or the garage burst. I do know that our heating bill jumped by over 50% and is now twice our taxes. Yet we only heat for four or five months out of the year, while we own it the entire year. Says something, doesn’t it?

  8. olbroad. 1 March 2009, 8:08 pm

    It surely makes ya wonder, doesn’t it!

  9. Doc Zeremba. 1 March 2009, 11:02 pm

    Capper, if you think your utilities bill is high now, wait till after Obama’s carbon cap kicks in: EVERYONE’S power bill is going to go up significantly… which should probably essentially cost people at least half of the $13 per week tax cut Obama is giving.
    The deficit under Bush was largely due to 9/11 and 2 wars and bc Bush allowed Congress to spend, perhaps because he needed Congress’ support for the war. Let’s not forget that the Dems controlled congress since 2006, and after THAT was when the economy tanked.
    It is generally agreed (by both parties) that the acute economic crisis was mostly due to 2 things: (1) subprime loans and the resulting toxic assets (2) lack of regulation and oversight of financial institutions (Fannie, Freddy, etc.). Neither Bush nor Republican policy caused either of these 2 things. It was Democrats, including Obama and ACORN, who forced the subprime loans. And it was Democrats who fought any legislation for regulation and oversight, despite the pleas and warnings from Repubs (including the 13 times Bush asked for regulation, beginning in 2001). Obama didn’t support ANY regulation/oversight! He has no right to blame Bush, as he knows it’s a lie. When you think about it, Obama is more to blame for the causes of the crisis than Bush.
    Fannie and Freddy were “paying” Democrats (including Obama, Dodd, Hillary, John Kerry) large sums of money, presumably so they would prevent regulation/oversight. Looks suspiciously like corruption to me. You can watch the Congress hearings, which C-SPAN records and airs. Here is one such clip of the 2004 Congress Hearing showing exactly the Repubs clamoring for regulation and the Dems adamantly denying any problems with mortgage lenders, housing, etc.: http://www.youtube.com/watch?v=_MGT_cSi7Rs

  10. capper. 2 March 2009, 10:15 pm

    Unfortunately for the good Doc, he is wrong. The issues you are bringing up relate to the CRA, which was in effect for thirty years, which makes it highly unlikely that all of a sudden it would go boom. It was the Fannies and Freddies that did not have to abide by the CRA, and didn’t follow it, all on their own, that led to the housing bubble burst. This all happened in the early 2000’s, when the Repubs owned the White House and all of Congess.

    http://seattlepi.nwsource.com/money/386997_real08.html

  11. olbroad. 2 March 2009, 10:33 pm

    Gonna counter your Seattle rag with a Washington D.C. rag. :)

    How Washington Failed to Rein In Fannie, Freddie

    Good ol’ Barney was doin’ his dance, even way back when.

  12. capper. 2 March 2009, 10:43 pm

    “Rags” is the correct word. That’s another thing that annoys me. Is there any accurate news sources anymore?

  13. olbroad. 2 March 2009, 10:46 pm

    Well, one or two MIGHT come close, but then again…. sigh…

    Ya thought I was gonna say Fox, didn’t ya! HA! :P

  14. capper. 2 March 2009, 10:48 pm

    Well, if ya had, I would have been sorely tempted not to wait for you to come up here, but I’d go down there. But I wouldn’t smack ya. I’d let loose a flock of peacocks. I know how much you loooooooove them birds. ;)

  15. olbroad. 3 March 2009, 9:13 am

    And I know it wouldn’t have done any good to tell you that MANY on your side of the aisle consider Fox to be a reliable source of information. :P

  16. capper. 4 March 2009, 11:24 pm

    Well, I never denied that we had crazy people on the left too. :P

  17. olbroad. 5 March 2009, 9:52 am

    How ’bout a long distance smack? :P