Thread: Obama caps executive pay

Originally Posted by jps

Well, Barney Frank got the "working man" affordable housing, then he got the "working man" foreclosed on.

So much for the interests of the "working man."

For the last 40 years, the Democrats power base has focused on growing a dependency class. How does that help "the working man?"

Ok this is how it worked. Its actually easy to follow

1. First the Republicans told the American people that deficits don't matter. Remember the Republican mantra the last 8 years. Remember Cheney when asked about how we are going to pay for the war while insiting tax cuts for the mostly rich were important to give out. You guys bought it hook line and sinker. Three big tax cuts during Bushes term. After 6 years each us us owed 30,000 dollars. still no concern from the Republican leaders. Deficits were good.

2. With the huge unprecidented tax cuts the rich now had had more money than they knew what do do with and thought hey if only we could come up with a way to make this money make more money it would be great . Unlike us they had more than they ever could spend in a lifetime so having no other real ideas of how to make this money work for them they needed new ones

3. Wallstreet came to there aid and invented finacial tools that had no basis of reality but could make these fat cats the money they asked for off the backs of the unsuspecting folks. They just had to get some lapdog republicans to change some laws. Remember deregulation. hello, in came people like Phil grahmn who wrote into the appropriations bill the deregulating of the commodities market. Others who followed the call made by the fat cats went along too. I think It was Gates( too smart for this this scam) who said I don;t understand these new tools of the finacials and didn't go down that slippery slope.

3. Banks got rich off the prosessing of the loans and fees paid out by Americans buying homes. They didn't care how much we owed or if we could pay them back. They were sold abroad bundled neatly for others to worry about. It was fast money for the rich and thats what our republican leaders championed.

4. Fannie and freddie backed these loans but in all fairness they were just caught up in the hype of the new finacial tools created by wall street to make money for the rich. Remember Bernake and Paulsen the 2 top guns in Economics told the congress everything was cool. Remember Bush bragging because of his policies home ownership has soared to new hights. So did most of the Republican law makers up to 2006. don't forget Republicans truely believe that the world is made up of those that screw you over. They are the winners and sucsessful folks accoding to them and those that get screwed over. they are the losers who deserve our scorn.
Listen to right wing talk radio, its a constant theme in thier taking points.

No regulation caused this mess. the problem is Republicans are against regulation in idealogy. Greed also caused it because thats what Republican leaders have called a virtue during the last 8 years. Lord, have we been screwed over big time. I just hope Obama can clean this mess up.

Originally Posted by lassie

Ok this is how it worked. Its actually easy to follow

1. First the Republicans told the American people that deficits don't matter. Remember the Republican mantra the last 8 years. Remember Cheney when asked about how we are going to pay for the war while insiting tax cuts for the mostly rich were important to give out. You guys bought it hook line and sinker. Three big tax cuts during Bushes term. After 6 years each us us owed 30,000 dollars. still no concern from the Republican leaders. Deficits were good.

2. With the huge unprecidented tax cuts the rich now had had more money than they knew what do do with and thought hey if only we could come up with a way to make this money make more money it would be great . Unlike us they had more than they ever could spend in a lifetime so having no other real ideas of how to make this money work for them they needed new ones

3. Wallstreet came to there aid and invented finacial tools that had no basis of reality but could make these fat cats the money they asked for off the backs of the unsuspecting folks. They just had to get some lapdog republicans to change some laws. Remember deregulation. hello, in came people like Phil grahmn who wrote into the appropriations bill the deregulating of the commodities market. Others who followed the call made by the fat cats went along too. I think It was Gates( too smart for this this scam) who said I don;t understand these new tools of the finacials and didn't go down that slippery slope.

3. Banks got rich off the prosessing of the loans and fees paid out by Americans buying homes. They didn't care how much we owed or if we could pay them back. They were sold abroad bundled neatly for others to worry about. It was fast money for the rich and thats what our republican leaders championed.

4. Fannie and freddie backed these loans but in all fairness they were just caught up in the hype of the new finacial tools created by wall street to make money for the rich. Remember Bernake and Paulsen the 2 top guns in Economics told the congress everything was cool. Remember Bush bragging because of his policies home ownership has soared to new hights. So did most of the Republican law makers up to 2006. don't forget Republicans truely believe that the world is made up of those that screw you over. They are the winners and sucsessful folks accoding to them and those that get screwed over. they are the losers who deserve our scorn.
Listen to right wing talk radio, its a constant theme in thier taking points.

No regulation caused this mess. the problem is Republicans are against regulation in idealogy. Greed also caused it because thats what Republican leaders have called a virtue during the last 8 years. Lord, have we been screwed over big time. I just hope Obama can clean this mess up.

No way, there is enough blame to go around to both parties. It was greed, corruption and lack of regulatory oversight. The housing market was ground zero. That's where it blew up. You got the facts wrong on Fannie and Freddie. These GSEs were run by liberal democrats and forced into taking bad liar loans from underpriviledged low income people. Our messiah president was in the middle of it with Acorn, Franklin Raines, Chis Dodd and the man lover Barney Frank.

While we are on the subject of Barney Frank, here is the latest. Barney Frank: Hey, let’s cap executive compensation for everyone. I'm back to lib bashing. I was nice and gave you a chance. I agree that there should be caps on exec pay with companies and orgs that received bailout money and that's it. Here's the article on Nobama's left hand man in congress jerking off again.

Hot Air Blog Archive Barney Frank: Hey, let’s cap executive compensation for everyone