The problems we are facing now began several years ago.  Who knows who started them?  I would put fault on both sides.  I would also lay blame on people spending more than they can afford and then, if you listen to commercials going to lawyers to get out for less than they owe.  When these people start facing up to their responsibilities and paying their bills that will help.  Who needs a $250,000 house when they make less than $50,000 per year?  How many people actually need a $500,000 house?  Some of the Political officials getting enormous salaries and CEO’s get bonuses when they can’t even keep their companies in the black?  People should earn what they are actually worth.  Maybe, then we can get things back on even keel.

Specter, Collins and Snowe are classic RINO’s.

Our present economic mess is directly related to the mortgage industry and relaxed standards for lending.  That is undeniable!  Thus, it can be traced back to Carter’s Community Reinvestment Act of 1977 and followed by the 1999 repeal of Glass-Steagall under Clinton’s watch.

Wait4me, even the most general of Democrats know who Arlen Specter is so to call him weak I think that’s incorrect. As for Gitmo, civilized countries do not operate such places. Maybe W. Bush did in some way help keep the country safer from terrorists, but no one knows that for sure. All those photos from Gitmo, that ruined that place, a place so bad we don’t even want it in our own country. The Community reinvestment act, which gives back to rural and poor communities, don’t tell me that ruined the economy. No, you are right, the stimulus bill probably will not fix a problem that in terms of economy makes Katrina look like a funnel cloud. Dew26M, yes there was a Wall Street during Biblical times and the peopel who ran it killed Jesus. That much I know about the Bible, and probably lots more. and Correction, you meant HALF OF AMERICA put W in office. The other half of us DID NOT.

Licensedtokill, Obama got three, yes three weak republicans, if you can even call them such to go along with his massive spending frenzy. I agree Bush wasn’t the ideal president, but he is not at fault or totally at fault for the current economic situation our country is in. YOUR current president, has already signed a bill concerning gitmo that puts this country at risk and now wants to set an end date for the war in iraq, why because he wants to move the troops to afganistan, ANOTHER WAR. Your democratic president Carter started the Community reinvestment act in 77, and your democratic president Clinton added to it and made things far worse economically for us than Bush ever could.  Stop drinking the kool-aid and get some of your facts right before you blame the man that protected this country for the last 7 years from what Obama will permit in the next year. YOU look at his spending bill that was passed and tell us if you TRULY believe it will accomplish the mission, I don’t think it will.

The economic crisis we are facing has nothing to do with the Iraq war.  You need to learn a little history, before you start slamming Bush and blaming everything from climate change to the cost of a hamburger on the guy!

Back last year there was an electronic run on the banks, when over 500 billion dollars were pulled out in less than an hour.  The federal reserve pumped in over 140 billion in an effort to stabilize the situation, but it was far too gone.  They finally closed all trading before the end of the day and worked to secure assets, etc.

The run began because mutual funds recognized a lack of liquidity in the major banks and holding companies due to their toxic assets.

None of that had to do with Iraq and very little to do with Bush.

lmao @ licensedtokill and “Biblical-like misery and poverty”! Please show me in the Bible there is ANYTHING similar to what is currently going on with the economy? I’m pretty sure in the “Biblical” days there was no wall-street, nor a big-ten looking for a bail-out! I’m pretty sure that then the people did what we should do today, took care of them and theirs! They grew their own foods, raised their own meat, and fed themselves with what they had, and starved if they didn’t! They didn’t have leases, they didn’t have cars, and they didn’t have technology, yet still they managed to exist! Funny isn’t it, there was no mention of a “recession” in the bible. Oh well, maybe in the near future people will learn to live within their means, rather than having their credit so over-extended that they’ll never be debt-free by the time they die, more or less by the time they retire! By the way, George W Bush didn’t “screw America up”, AMERICA did by voting him into office!

Wait4Me, you are the one who fails to understand how things work in Washington. The president calls most of the shots and W. Bush made sure he used his power of veto when the “Dems” in Congress did not go along with his program - a losing program that has brought almost the entire world to the brink of Biblical-like misery and poverty. To prove my point of who runs the show - Obama made sure he got those three GOP senators needed to get the stimulus bill passed. He as president has that kind of power. Just like W. Bush had all the power he had and abused. I don’t care what you GOP say, W. Bush was a trainwreck from start to finish and he may have finished it for us all. You people share some of the responsibility because not only did you allow him to do this, you encouraged it. Our current president voted AGAINST Iraq war. Even as a Dem against Iraq I finally wished, hell let’s just win and get out. We couldn’t even do that under “W”.

The magic words in Obama’s speech are “save or create” up to 4 million jobs.  If only 250,000 people get laid off next month, he will claim he saved 250,000 jobs.

One of the most alarming aspects of this job is the creation of one new bureaucracy, the National Coordinator of Health Information Technology, will monitor treatments to make sure your doctor is doing what the federal government deems appropriate and cost effective. The goal is to reduce costs and “guide” your doctor’s decisions (442, 446).

This is based on a formula proposed by Tom Daschle that suggests that seniors should fore go life saving treatments and let nature take its course, because it is more cost effective.

This thing has been ramrodded through congress at such a pace no one even knows what is truly in the blasted bill.  We as Americans have been sold out to those that want to follow a European Socialist model of government.

licensedtorant, your analysis of politics is laughable. Who was in charge of the congress for the last 4 years? Dems right.  Who went along wiht authorizing the war? Dems right.  As for your current president, last night he sid on national tv that he didn’t even know if this would work, buts its better than doing nothing…. Well I believe doing nothing wan spending our tax dollars on a gamble, and putting our kids and grandkids in debt because tha government “had to do something”  Well how about waiting to get it right the first time and doing the right thing. there is no way the bill passed today will put 4million people to work, it is mostly short term projects and future payments for pork projects.

You are right Sen. Sessions!  This is the true economic “catastrophe” Obama predicted!

Most of the House and Senate do not even have a clue what is in this porkulus and just voted along party lines or backroom promises.  They just put a debt on this country that will be carried by generations and will probably send this country into a true depression after an initial sugar high.