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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (125480)	10/28/2012 1:00:01 PM
From: Little Joe	Read Replies (4) \| Respond to of 149317

"The entire world financial markets were in freefall. The credit markets seized up because of the bogus collateralized debt obligations (CDO's) which were junk bonds stamped triple AAA by Moody's and S and P and bundled and then sold in billion dollar chunks to banks around the world that trusted us/Moodys!" You conveniently left out the fact that the CDO's were backed by mortgages which were worthless and there came a time when everyone realized this fact, which is what caused the crisis. lj

To: koan who wrote (125480)	10/28/2012 1:20:12 PM
From: Little Joe	Read Replies (1) \| Respond to of 149317

Your response as usual is full of "every body" knows and "well understod" as usual and ignores the charge that Krugman advocated the housing bubble. He did and here it is in his own words. articles.businessinsider.com lj

To: koan who wrote (125480)	10/28/2012 6:33:27 PM
From: John Vosilla	Read Replies (1) \| Respond to of 149317

Like all right wingers you need to get yourself educated and quit believing brain dead right wing talking points and Faux news. Basically no net new jobs created since Clinton left office and anemic overall growth the entire time. When factored in with the Bush tax cuts, aging of the population and the bloated military industrial complex post 9/11 no wonder we now run trillion dollar deficits. Doubling down on the Bush years or even Reaganomics won't work now. We are in a far different place. Take advantage of record low rates to fund drivers here at home starting with infrastructure,education and public/private partnerships. The MIC, oil cartel, technology, offshoring, globalization, easy credit and record wealth disparity sucked the life out of the middle class the past 30+ years. When the bubble burst our imbalances were finally exposed...