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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Valuepro who wrote (268832)8/13/2010 12:36:24 PM
From: koanRead Replies (1) of 306849
 
>>O.k., but when did the Democrats take control, what did they do about undoing what they didn't like? Anything?<

Obama blew it, but not so much the dems. Nancy Pelosi (the most underated politician in history) appointed Elizabeath Warren to oversee TARP. Warren was the best person in the entire country for that position. She fights all criminals left right and center. Obama is still dragging his feet not appointing her to the new regulatory office. Liberals have drawn a line in the sand on this one.

The dems also had to fight an historically incalcitrant Republican congress who saw, and still see, their mission as to defeat the dems even if they have to destroy the country to do so and so used every trick in the book to stop anything the dems tried to do. They are even looking people right in the eye and saying the bush tax cuts for the rich are revenue neutral. That is just a bold faced lie and everyone knows it. They are shamless and clueless e.g. boner.

But facing the great depression Bush gave us, Obama should have concentrated on the economy and jobs, jobs, jobs. He didn't. He also failed to do anything on the mortgage front.

Stiglitz and Krugman both layed out a path to Wallstreet, by running the money through mainstreet. That would have killed two birds with one stone shoring up both worlds simultanously. Instead, Geithner gave the money away to the corporations and asked for little in return.
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