The Candidates 2008: Joe Biden | Financial Crisis

[joeydemille]

We voted for change in 2006-We elected the Democrats into congress-Here's the only change they invoked Before then: -Consumer confidence stood at a 2 1/2 year high -Reg. gasoline sold for $2.19/gal -The unemployment rate was 4.5% Since then: -Consumer confidence plummeted -The cost of regular gasoline is over $4.00/gal -Unemployment is up to 5% -American households have seen $2.3 trillion in equity value evaporate -Americans have seen their home equity drop by $1.2 trillion Biden=the problem

[19770326]

Joey,

Im afraid the 2 year window of the congress will not get the blame for this one. George Bush has presided over some of the worst times in our country's history. And he will be branded by the failures.

But dont worry. I believe obama will do well. And because of this republicans will not see the white house for at least the next 20 years.

at least.

[joeydemille]

The next 20 yrs? We just borrowed $812B more on the backs of our children and you think Obama's going to fix the problem by promising the middle class tax cuts and raising gvmnt spending? That's a joke! Obama "says" what you all want to hear. You'll end up simply paying more for goods and services. The people in this country who make more than $250K/yr aren't just going to take a pay cut, they're going raise prices on you and me first. More jobs will leave the US. corp incentives=gvnmt power

[littlemisscritch]

Well said Joe.

[jayisme01]

Joe was SPOT ON back then!! Obama/Biden '08

[willymanet]

Why was Obama not in these debates? I know he entered the race late, but I never knew he missed any of the debates.

[piyushsoniccc]

biden is right

[MediaLizzy]

Having unregulated hedge funds, and unregulated mortgage lending is about more than whether or not it's sexy. It's about whether or not the American public is willing to allow the Federal Reserve Bank, which while chartered by Congress, is a private institution, to go on without real transparency and real oversight. The financial crisis is real. At least Biden and Dodd are honest.

[psxwarrior]

This country has rejected central banks before, and for good reason. They ruin the country. The Constitution says that congress has the power to coin money and regulate its value, not the fed, and we're reaping the consequences of the unconstitutional fed today.

[Sally9999]

Regulate the lenders. The lenders made the marginal loans to borrowers with no ability to pay if rates went up. Going after hedge funds sounds sexy, but they didn't cause the problem.