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falcondfw69
Guest
Yes, falcon, it may shock you to know that someone other than you is well aware of the origin of the word "gerrymander." By the way, Elbridge Gerry was a founder and member of the Democratic-Republican party. As for the bleats about free markets, let's not overlook the root cause of the recent catastrophic market crash and bank failures: Bush-era lax and non-regulation of the banking and securities industries and the (in my view) criminal manipulation of the market by those who invented junk paper hedges that even they could not explain. Go read Republican David Stockman's evisceration of the distorted vulture capitalism practiced by Mitt Romney while at Bain Capital. It's as damning an indictment of "free" enterprise as any commie-leftist-pinko-liberal could ever have hoped to write, except it was written by Ronald Reagan's budget director.
Whatever party he was affiliated with, do you deny BOTH parties have engaged in gerrymandering? If you do deny it, you are dishonest. If you don't deny it, your earlier point blaming Republicans for it is moot. You lose either way.
Oh my gosh! The EVIL Bain capital! And all the people they put out of work and businesses they closed. Just like all companies that are similar to them. Will you idiot liberals ever give it a rest? 1. Romney lost. 2. How many more jobs and companies survive to this day, because of Bain and companies like them? I can think of one for sure. Ever hear of the Office Supply store Staples? Yeah, that's right. Bain invested in them in the 90's and saved their bacon. They now have over 2,000 stores in 26 countries and employ over 50,000. Yeah. That's really evil.
And finally, please check your facts on blaming bush for the wall street and banking collapse. The collapse was caused by CLINTON era policies pushing loans to people who did not deserve them and should not have qualified. Those bad loans were packaged MASSIVELY with a few good loans and were sold as MBS (Mortgage backed securities). This caused the investment houses to get into trouble.
I found this an interesting read on the troubles the banking industry got into "“The National Homeownership Strategy: Partners in the American Dream (“Strategy”), was compiled in 1995 by Henry Cisneros, President Clinton’s HUD Secretary. This 100-page document represented the viewpoints of HUD, Fannie Mae, Freddie Mac, leaders of the housing industry, various banks, numerous activist organizations such as ACORN and La Raza, and representatives from several state and local governments.” [136] In 2001, the independent research company, Graham Fisher & Company, stated: “While the underlying initiatives of the [Strategy] were broad in content, the main theme … was the relaxation of credit standards.”[137]".
So I guess, if you do your research, there is plenty of blame to go around for BOTH parties on the mortgage crisis/housing bubble that caused the economic collapse. But, of course, those FACTS don't seem to mean anything to liberals, like yourself, because it doesn't support your misguided policies. Oh. and by the way, the Glass-Steagall act that was passed after the great depression to separate commercial banking and investment banking, was repealed by the Gramm-Leach-Bliley Act in 1999, UNDER CLINTON. This allowed the commercial and investment banking sides to join again and package those subprime, failing loans and sell them to investment banks.
Research is such a wonderful thing. Try it.