"I can tell you as a business person trying to look at the big picture, I donโt remember 4 years ago as being a good time for business.
As a starting point of reference, here is a reminder of what the stock market was going through in the fall of 2008. Out of the top 10 point declines in the Dow Industrials, 5 of them occurred in the fall of 2008.
Four years ago we were worried about whether or not our financial system would fail. We were worried about whether the auto industry would fail. We were worried about whether or not housing would drop to zero and we were concerned with whether or not it would ever come back. We were concerned with what the bottom in job losses would be and whether or not there even was a bottom.
Four years ago we were looking around and describing our situation as โThe Great Recessionโ. Just the fact that we are no longer saying โWe are in the midst of a Great Recessionโ by definition means that as a country we are better off financially and psychologically than we were 4 years ago." -Mark Cuban from blogmaverick.com
Yeah.
Right.
The financial collapse of 2007-2008 goes back to the Clinton administration and Congress when they decided to deregulate the Banks and Financial Institutions. Check out this article:
Clinton, Republicans agree to deregulation of US financial system
http://www.wsws.org/articles/1999/nov1999/bank-n01.shtml
BTW let me remind you that the Democrats took over and controlled a majority in both the House of Representatives and the Senate, from the beginning of 2007. Till then The unemployment rate was about 4.5% and Bush's economic policies had set a record of 52 consecutive months of Job Creation. The Financial crisis and subsequent meltdown started after the Democrats took over both Houses in Jan 2007.
An what to say about the dumping of about $6 Trillion of toxic loans on the economy from the famous fiascoes by Freddie Mac and Fannie Mae, not to mention the dumping of several more Trillions of Dollars of US toxic shit on European Banks as well.
Correct me if I'm wrong but didn't Bush ask Congress almost 20 times to impose more regulation and oversight on Fannie & Freddie because of the financial risk it could bring on the US Economy, but was blocked by the (in the closet at the time) Democrat Barney Frank, as well as the Liberals, repeatedly?
Very interesting to note also and that many Liberals have forgotten that Senator Barack Obama was one of those Democrats who fought against reform of Fannie May and Freddy Mack, and you want to know why?
Because your dear President was the second highest receiver of political pay-offs by Freddie and Fannie. Yes that's right. Here's a video to remind you, just to refresh your memory:
[ame="http://www.youtube.com/watch?v=H-_HlpZ8azA"]Obama Ranks Second In Freddie/Fannie Contributions - YouTube[/ame]
Democrats were WARNED of Financial crisis and did NOTHING
[ame="http://www.youtube.com/watch?v=LPSDnGMzIdo&feature=related"]Democrats were WARNED of Financial crisis and did NOTHING - YouTube[/ame]
As for your mention of the stock markets, Dow Jones was doing very well till the Democrats took over both houses in Jan 2007. After that we all know the story, so don't try to blame Bush for everything that happened.
Bush may have been the driver, but the Democrats had the foot on the accelerator to drive the economy into the ditch
---------- Post added at 06:40 AM ---------- Previous post was at 05:55 AM ----------
- Someone in the US made a film that was the Islamic equivalent of someone doing the life of Jesus as a p*rno. The extremists were upset, to say the least. Anyone surprised?
- Someone at the consulate, seeing the unrest, made a statement distancing the US from the film. That's what diplomats do - it's called called "diplomacy." Even that statement (which was made by the consulate and not cleared by any officials higher up) was not an apology - our country was built on religious tolerance and we don't condone films that bash and make fun of others' beliefs (although free speech gave him the right to make it.)
I saw the 15 minute trailer and I must admit it's pretty disgusting.
But so is Hollywood's portrayal of Catholic Nuns (one of their favorite groups) which they've been denigrating for dozens of years
Latest example:
Kate Upton Plays Hoochie Nun in โStoogesโ Flick
http://christiandiarist.com/2012/04/16/kate-upton-plays-hoochie-nun-in-stooges-flick/
And if you google "porn movies portray nuns" you have lots of porno movies about horny nuns to choose from. No one seems to criticize or demonstrate or even kill for that.
---------- Post added at 06:50 AM ---------- Previous post was at 06:40 AM ----------
Where was all the talk of no penny for Lybia and Eygpt
when the US was bombing Lybia? Rmoney would do no different, or maybe he would bomb Lybia, bomb the goverment that the US helped to install

stick it to em ,right?
Hey, get your facts right. It was the UK and France that bombed Lybia, NOT the US. Plus it was done at the request of the cowards called
the Arab League who are too shit scared to involve themselves directly in another Arab country, so they ask the US or Europe to do their dirty work.