Quote:
Originally Posted by Guest
to the coming economic crisis a year and a half earlier:
"I personally believe, based on my experience over the years with the economy, that if we moved aggressively on this home problem a year and a half ago, even a year ago, as much as 90 percent of the current crisis could have been avoided," he said.
I guess going back two years when the very issues we are in now were being discussed in congress and being bad mouthed by the Dems as being alarmist, unfair and what ever other political fluff could be put up.
Why don't they all shut up about the blame game and put all the so called "experience" to work.
While Obama may have cheering crowds around him (with their hand out!!!!) Wall Street is letting him (and us) know they are not impressed with the lack of details and how the distribution of these gifts will take place.....AND WHEN!!!!!!!!!!!
The market is forecast to test a new low of 6000....that is another 20% drop.
What is missing from the Obama feel good programs is how they work....AND WHEN!!!
Well he is fulfilling his prophetic catharsis that things are worse than we know and going to get much worse.
Even some of the media darlings are becoming concerned about his constant messaging of doom.
What about us in the 90++% who are not in the minority (not race) and not qualified for the hand outs because we are responsible? Do and have done the right thing? Working? or retired after years of hard work.
So far the CHANGE taking place is not what a lot of folks had in mind....the erosion of the American way of life....as we all know and love.
BTK
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Sept 30, 1999 The NY Times ran an article predicting future economic catastrophe resulting from Bill Clintons order to Fannie and Fredie to ease credit and lending standards so more people could buy homes (they couldn't really afford). I'm sure some of the computer experts can get the link... Sept 30, 1999.
Subject: NY Times from 9 yrs. ago (More prophetic words were
neverwritten!)
OMG! This is scary.
Take special note of paragraph three so that there is no mistaking the
administration in charge at the time this article was written. Maybe we
can all send Billy Clinton a copy of this article to remind him that he
is one of the major culprits behind the banking/mortgage problems the
country is presently facing.