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Old 01-04-2013, 07:29 PM   #1001
Kelly
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Default Re: Discussion: The DEMOCRATIC Party II

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Originally Posted by JJJ's Ulcer View Post
Sorry, but that's whitewashing the truth and replacing it with a rightwing friendly spin. The reason we're in this mess is primarily a combination of deregulation of the financial markets (in particular the repeal of the glass-steagall bill), the housing bubble, the Iraq war and the unpaid for Bush tax-cuts.



I hope that means no one here can similarly insult liberals, since I'm a liberal.
Gosh...and who caused the housing bubble...which in turn threw the financial market into turmoil. YES, all of those things had something to do with where we are now....but no rightwing friendly spin...what Dodd and Frank did, AND DID NOT ALLOW to happen was the main culprit. No spin there...

Considering the majority on this site are liberal, or to that leaning, I'm sure some would cry foul, including yourself, if you were called a derogatory term....so my answer is, of course.

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Old 01-04-2013, 07:37 PM   #1002
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Default Re: Discussion: The DEMOCRATIC Party II

[QUOTE=Kelly;24944703]Gosh...and who caused the housing bubble...which in turn threw the financial market into turmoil.

So Barney Frank was singularly responsible for the housing bubble bursting? I believe the truth is a good deal more complicated than how you're depicting it. And it most definitely is right-wing spin to say Dodd and Frank are the "main culprits" of the 2008 economic collapse.

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Old 01-04-2013, 07:37 PM   #1003
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