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From: m00finsan
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  • Olbermann is such a douche.

  • dick

  • Dick Cheney is The GOP Crime Family's Terrorist in Chief. Olberman refuses to connect The GOP-Likud-PNAC Terror Family's "NEW PEARL HARBOR" 911 to (Bill Kristol-Dick Cheney) PNAC's 1998 charter of spoecial op's Osama Bin Laden "Saudi Brother" oil ally sending Saudi Brothers to WTC. Anyone who connects Iraq's oil reserves now placed in Exxon-Chevron-BP-Hallibutron's accounts are Keith's leftwing-conspiracy-nut. Ergo, GOP crimnal Cheney is merely paranoid patriot, not the wealthy GOP criminal

  • Maybe, cheney is posing as such a supreme a-hole to force the world into seeing how utterly despicable american foreign policy is.

    The democrats do almost all the same things, but they try to hide it.

    By being so frank about u.s. abuse, cheney is exposing all of the united snakes dirty laundry, and allowing people of conscience, like Olbermann to do something about it.

    So let us all thank 'dick' for being either so dense or so cunning as to say what he says out loud.

  • somebody needs to kick this snivvling prick right in his vagina. should i ever visit the U.S. and see this contentious twat, I'll strangle him with his tampon string.

  • you're not invited over here - we have enough nazi fucktards already so. Maybe russia will let you in. Putin and Cheney are pretty similar, cant you just worship him instead?

  • LOL hairymulletjr!!

  • this prick is a fucking disgrace... If I ever meet Olbermann I'll kick him in his vigina so hard he chokes on his tampon. what a snivvling twat.

  • Nielsen ratings for Tuesday, May 19th

    FOX NEWS OReilly

    Demo 686,000 Total 2,817,000

    MSNBC Olbermann

    Demo 258,000 Total 976,000

  • so what the fuck does that have to do anything? numbers don't indicate correctness, or anything close to it.

  • There's little correct about olbermann. Even Jon Stewart now makes fun of him. He's become such a joke that I no longer even post his numbers. Have a nice day.

  • the bush government basically focued on fear, if people believe that there in danger they'll become submissive kinda like a bank robber with a gun but instead it's a president with a gun and a terroist a million miles away

  • That cringe-inducing smirk on Cheney's face speaks volumes concerning his character, or lack thereof.

  • This guy is a former sports-hack that got fired from every broadcasting job he ever had and has now found his niche by over-playing the HateBush schtick to the point that he has insured MSNBC continued low ratings for as long as he keeps it up. You freeking libs are so incredibly deluded that you have come to believe and swear to "facts" that arent true, rewrite history as though we are all too stupid to know what happened, piss and moan nonstop about the very people that kept YOU safe! INSANITY

  • jimistreets, your appeal to ignorance and emotion versus Olbermann's presentation of facts. That's it?

  • WHOOSH!!! That's the sound of my comment flying over your head!! Your reply makes no sense in light of what I said. Facts and Olbermann are two things that just don't go together...

  • yo olbi, we get it! u hate bush and cheney and all in his administration! get the fuck over it, damn!

  • Calm down, dude, it is not about Olbermann hating somebody (I don't think he hates Bush and/or Cheney) but about facts, about exposing the demonstrable incompetence and immorality of Dick Cheney and Co. This can be assessed through reason and evidence based thinking. Nice job, Olbermann, and thanks. Watch the video and learn:-)

  • look I'm not a big fan of cheney either, in fact I hate his guts, but I'm just tired of seeing the same whiney videos from olbi, it's just plain annoying! he keeps trying to act like that one journalist from that george clooney movie about the mccartthy era.

  • Bravo Olbermann.... Shine the light ever so brightly on V.P. Cheney our Countries 21st Century  'Benidict Arnold!'

  • fuck yeah Olberman. you're one of the good ones my friend. keep it up.

  • Dick Cheney is a chronic compulsive liar. It is the only behaviour that will keep him from being tried. It's self preservation. If he were to let in on even a bit of the truth, about all the things he's done as VP, real life Oz guys will be waiting to greet him and Bush.

  • Thank you Keith! I continue to love you. Thank you.

  • lol That was a fairly succinct segment Keith, nice.

  • cheney is pure evil!

  • I'll help buy Cheney a plane ticket anywhere one way!

  • Flatly, it may be time for Mr. Cheney to leave this country.

  • God blessed the human race the day that Dick Cheney was removed from power.

  • FadeNightshade, youre a silly little stinky boy who needs to get back on his meds and stop posting comments to my profile.

  • Cheney is a war criminal. Charge him, try him, and send him to hang in the Hague.

  • what an idiot! go back to sports center

  • I'm not sure, but is Olbermann attempting a reenactment of Ben Affleck's SNL spoof? I couldn't help noticing the similarities, e.g., exhaustive moralizing, silly shifts in camera angles, and what amounts to a seemingly interminable, near 11-minute demagogic rant that satisfies nothing other than Olbermann's own goofy messianic complex. At least Affleck was entertaining to watch...

  • It is evident that former Vice President has information regarding a new terror attack on the U.S.

    He should be waterboarded until he discloses what he knows.

  • Olbermann is, once again, a beacon of light in the vast darkness of the mass medis.

  • jhamm - So you're saying that Sadamm DID have yellow cake in '03?  And we never found it!!!!????? That's either totally bull, or totally f'd up! SOMEONE MUST HAVE THAT YELLOW CAKE, RIGHT? And BUSH never found it. Horrible.

  • im saying that british intelligence said that saddam was in pursuit of yellowcake material,and if you would remember that is what bush mentioned in his remarks about it.

  • That's would be news to the British, or did you forget about the Downing Street Memo? They knew it was BS from the get-go. So did bush, or if he didn't , he should have. He was either incompetent or lying, can't have it both ways.

  • When Joseph Wilson's wife sent him to Niger he found out from Nigerian officials that Saddam had, in fact, sent a delegation to Niger to try to buy yellow cake uranium. That totally corroborates British intelligence findings.

  • wrong tony blair last i heard of him stands by the report.

  • Dude try to find something else to do. I thought the Republican party was out of office! why are you so concerned about what this guy is saying? I guess its because you're running out LIBERAL rhetoric PR..

    Grow up Mr. douche bag.

  • They didn't cancel PNAC yet.

  • Olbermann is a joke. He cherry-picks, is vague, and simplistic. He is blinded by his hatred of conservatives.

    It's like asking a jilted lover for news about her ex. Everything is dreadful until you look into it yourself.

  • It's like watching Rush Libaugh run the repugnantcan party, except with more verifiable facts. And actual quotes. Usually from the people he is talking about.

  • Man, I bet you give Gobshiite Olbermann a prolapsed anus by how far you stick your nose up his ass.

  • Is this meant to be ironic?

    Olbermann is claiming that criticizing the foreign policy of the president undermines our ability to fight terrorism, and actually helps terrorists?

    If it's meant to be ironic, it's brilliant.

    If he's serious...he's a moron.

  • I can only hope that Cheney's calls are being monitored so we'll know whether or not he's the one giving the orders behind the attack he's "expecting".

  • Hate crimes or war/economic crimes?

  • Whatever douche bag. If you don't like free speech or my opinion, don't read it. I have every right to hate who the fuck ever I want and I can express that hatred through free speech, you neo-Naz-fascist fuck.

  • I think a hate crime would be something more like if I grabbed a baseball bat and bashed a Retadicans skull in, gutted out thier intrails, and wrote "Republicans Eat Shit" on the ground with their blood; that would be more in lines with a "hate-crime". But since I am not interested in physically hurting some, I will just give you a hearty FUCK YOU instead. I love free speech.

  • Hate crimes or war/economic crimes? Which one u prefer to persecute first republicantards?

  • Ha! I love it! Republicans admonishing people for being spiteful and vindictive! Pot-...meet kettle. You guys pretty much perfected going negative in the last 12 years. You just can't stand when the tables are turned (with facts). Why don't you get an IOKIYAR tatoo on you forhead, just as a warning to others. Then people won't waste time arguing with you.

  • Really like the way Olbermann was the past couple of years to Bush and Cheney and slamming them for every little thing? And, I'm not a party person, I'm a conservative, Mr. Neo-Marxist, who thinks the republicans are the new DNC and the DNC is the new CPUSA.

  • One can only hope that terrorists get Cheney and saw his head off on video.

  • Worst President in History, that distinct honor goes to Democrat Carter. Carter (with both houses of Congress dominated by overwhelming Democratic majorities) presided over the worst, most painful economic crisis in the nations post-war history: complete with 21% mortgage interest rates, 12% inflation rates, and unemployment above 8%. Obama's 'debt to solve debt' Idea will exceed Carters flop...

  • Blah, blah, blah; whatever you fuckin, do nothing, wind bag retardican. I could give two shits about what your life or what you have to say. But, NO, Bush is the biggest failure in the history of the U.S. ya' dumb fuckin faggot. Keep on tryin', you will still lose, just like McCain/ Failin did.

  • Yeah, you tell him! Those stupid Repubtards should know by now that calling them names easily beats all the facts and other stupid educated junk they keep spewing. When will they learn?

  • No fuckhead, it's "Retardicans". Get it right. Also, remeber you are a "do nothing". That is the most important thing to realize. All talk, just like the political hacks that you give your money to. Ya, know the cons of the CONservative party for the sychophantic ants to fawn over and worship.

  • Were you experiencing a psychotic break when you wrote this? I just wanted to ask, because your statement is entirely nonsensical (that means it makes no sense), especially your inexplicable last sentence.

  • It's simple, dum dum, YOUR kind DOES NOTHING BUT TALK. YOU HAVE NOTHING TO OFFER THIS COUNTRY BUT HOT AIR. Get it? Fool.

  • Send that SOB to Afghanistan and drop him on a Taliban controlled area

  • Niav.......tey

    knob!

  • way to go Olbermann! I was hoping someone would wheel cheney down some stairs during the innauguration but I was dissappointed. I love watching the sore losers whine about President Obama being elected. To the Obama and Olbermann haters: would you like some cheese with that whine?

  • Olbermann is soooo delusional. It seems he believes that everything will be smiles and rainbows now that Obama is in office. Let's all just group hug! I'm sure the prisoners in Guantanamo want to group hug too - let's let them out!!!

    Idiot.

  • No, OLBERMANN is doing the work of terrorists.. seriously? change the title of this video - it's MISLEADING.  OLBERMANN WANTS THEM ALL FREED!

    Oh no wait.. we SHOULD let all those crazies out of Guantanamo. Cheney is right on with his critiques of the Obama administration.

  • Kudos to Keith!... I would love to waterboard that DICK with pleasure... and all those morons who still can't see the light at the end of the tunnel...

  • Dick Cheney is a great American. How do I know?  Liberals hate his guts.

  • the left/right paradigm is an illusion you fool !!!

    think about it !!!

  • "rush is right 08"?... I should have known and paid attention. So from now on whatever you say will be irrelevant. Go back to your bubble!

  • Look at the Frenchman talking tough!

  • democrats = republicans its like a wwf match. where the two sides pretend and act like they hate each other but they are really the same party

  • Right on.

  • mr. olbermann, sir, i will save this video, anew, if god forbid they hit us again.

  • Give it time. They will. I hope not, but I think based on what I've seen the first two weeks of the new Administration, they will.

  • Cheney must be put on trial!

  • Cheney is a constitutional terrorist.

  • And you've lost what rights? Obviously not freedom of speech.

  • I guess he has nothing to talk about now that his precious Obama is now president.

  • Prove it.

  • Umm, Olbermann has been deriding the Bush administration for several years now, well before Obama was even known to the world. You might want to try knowing what you're talking about before typing, thanx.

  • Keith is an old sports guy, who doesn't even vote in elections. He is a paid to mouth off a liberal agenda for several years after GE found that News does not bring in ratings. Pure crap, he repeats several blogs almost word for word. He is a pawn.

  • FINALLY someone in the media is telling it like it is and is doing it INFORMED and UNAFRAID. Mr. Olbermann, thank you, thank you, thank you. Cheney, Bush and that whole administration are all going to burn in hell. Good riddance.

  • Cheney.. the worst person in the world

  • I actually fear for KO's safety after this. Watch your back, Keith--Cheney is a very dangerous person!

  • I don't think they are in office anymore.... Keith, you have to let go bro...

  • This Olbermann has got himself a new fan. count me in.

  • in the nake of God: GO!!!

    HAHHAaa

  • Turns out the people they were spying on were their political opponents and the number one thing they were using torture for was to get false confessions to say these people were with al Qaeda, an organization that doesn't even EXIST but that the Neocons NEED to justify their agenda.

  • KO is a nasty bastard.

  • excellent video. It's refreshing to here a voice of reality amid the cacophony of insanity that has served as truth.

  • Terrorism: The unlawful use or threatened use of force or violence by a person or an organized group against people or property with the intention of intimidating or coercing societies or governments, often for ideological or political reasons. The US Govt does this daily ,for example: use of fear to pass stimulus & bailouts that tax payers get screwed over from.

  • THANK YOU KEITH OLBERMANN!

    Only you can tell it like it REALLY is.

  • Keith did an OUTSTANDING job!

  • Bravo Keith. Darth will be spewing hate and fear till his dying day. I just hope he is convicted and imprisoned for his crimes - conviction for any of several should put him away for the duration.

  • A comment about Keith Olbermann! is this the only guy in main stream media that has the principals, guts, standers to stand up to these ego manic thugs? God bless you Keith, you have my respect.

  • For the life of me I could never understand how 1 man like Hitler take country Germany and convince the people to follow this guy. Now im starting see... wow?

  • I know lets all get micro chips that way we can ID these evil doers then we all can be safe because the bad guys will stand out???? Better yet lets find the these REAL EVIL DOERS the ones who really hate our freedoms by attacking them this BS legislation called the patriot act, round them up and put a stop to all this BULL SHIT once in for all. Good God people wake up.

  • I love Keith Oberman. DICK Cheney is so dispecable that he makes "Ole Man Potter" look like Mother Theresa. It is about time Cheney is sent away - maybe to Iraq where he so easily sent 4,000 young men & women to die. Make him write the Constitution 100Xs....

  • McCarthyism, well put only I believe it was then "Communism" the BIG fear word then. Like always history repeating its self only today they changed from a C for "Communism" to a T for "Terrorism". Oh yeah, it even gets better THESE GUYS ARE INVISIBLE, HAVE NO COUNTRY, they are there but you cant see them! Oh shit! that means this war on Terrorism could last forever and anybody could be a Terrorist! Oh my what to do? :O

  • YES!!

    Way to go Keith!

    This NEOCON Crimina Mummyl deserves nothing less.

  • cheney is a terrorist also . You could take what he says and take what osama bin laden says and switch them and no one would no the difference . Their followers are the same too .

  • The whole "Bush saved us from future attacks" thing will never work for me. We were attacked in '93. Bush did not stop it in '01. I don't blame him alone. But to think that we were not attacked a again due to Bush is false. It took 8 years to attack a 2nd time. Why do so many think it would happen again right away? Bush didn't save us. The fact that terrorist are patient did. I don't believe anything or anyone can protect us if someone really wants to harm the USA.

  • You know, I don't love Olbermann's style, (msnbc is trying too hard to be the LEFT Fox News) but you've got to hand it to him and his writers. He lays it out pretty clearly and I don't see how you can argue with the logic. Especially the end. BUSH AND CHENEY, let those Gitmo guys go. So if they "returned to the business of terrorism", who's fault is that? Theirs. Period. Debate over. Gitmo doesn't work. Justice does. God bless America, and more importantly, our constitution.

  • Executive order 9066 was not deemed technically illegal.  However, the United States acknowledged this heinous error, apologized and made redress payments.

    "Keep us safe" - Keep believing that talking point while those guys get richer. Baa Baa Sheep

  • It's really to bad that the bad people stick around. Cheney should have died from the first heart attack he had. Fucking old bastard hanging around fucking with good people isn't right. Then again. What kind of country are we that we put a microphone in that old bastards face.

  • You don't get to tout your record against terror when you've already fucked up big time by failing to prevent 9/11. Cheney's actions kept us safe did they? At what price? By dismantling the foundations of this country? Of course there were no more attacks; I mean they have him and his cronies in the Bush Administration to do their dirty work from within. The lives lost in Iraq, the loss of America's moral and economic standing in the world - they should be making idols of him in Al Qaeda.

  • Well said. Why should Al Qaeda waste time attacking here while we give them the targets to attack in Iraq? They don't have to.

  • I know Dick is insisting that torture, Gitmo, and renditions kept us safe, but that isn't true. I happen to know for a fact that my invisible tiger Clarence was responsible for foiling all the terrorist attacks since 9/11, and I challenge anyone to disprove it. I have provided at least as much proof as Cheney has for his claim.

    Thank you, Clarence. Have a juicy steak. Love, America.

  • Apart from the anthrax, and attacks on our allies, and attacks on our troops, none. I explained to you why that was. Why won't you give credit to Clarence the Invisible Tiger? Why do you hate America?

  • i guess clarence didnt do his job then if all those things happened.

  • jhamm999, to my knowledge we've had 2 seperate attacks after 9/11.

    Do you remember the Anthrax attacks? And do you remember those sniper shootings around the DC/Maryland/Virginia areas.

  • bud. i do but if you want to call those terrorist attacks remember the anthrax scare was done by a crazy person that was a citizen, i think ha was a scientist,but my memory may be a little shaky. sniper shootings was a mass murder spree like the fool who killed those students at va.tech then turned the gun on himself. then again you have the o.k city bombings on the clinton watch. thats domestic terrorism.

  • Actually one of many charges Muhammad (one of the 2 snipers) was charged with was commiting terrorism. So yes, that was a terrorism act he commited.

    And the OK city bombings did happen on Clinton's watch but he had nothing to do with it, he didn't hide or withhold any evidence or information about it.

    9/11 is still an unsolved crime, there are so many conspiracy's and cover ups behind it we probably may never know who was actually behind it...

  • an unsolved crime?. come on bud. youre better than that to get in with the tinfoil hat crowd. did you not see the planes hit the buildings?. khalid mohammed admitted to the planning of 9-11, and he didnt even need to be waterboarded. and how do you know clinton had nothing to do with it?. why do you give clinton a pass on something horrific as this but you try to crucify bush?. could it be that you disagree with bush?.

  • You fools that believe what Bush/Cheney did to our great nations is Patriotism need to read the words of the Founding Fathers. They pledged their lives, honor, and fortunes for liberty. How dare you give up the rights and values they gave us. Hitler promised Germans the world and fifty million died. Germans had not rights or liberty either and feared for their lives under the Nazis.

  • By comparison Bush didn't do anything to compromise anyone's civil liberties? Do you really want to use comparisons to justify illegal and unconstitutional actions by President Bush? Wrong is wrong, period. I don't attempt to justify the actions of others, but Bush did violate the civil liberties of Americans. The wiretapping of all phone calls violates the Forth Ammendment and his oath to preserve protect and defend the Constition from all enemies. The enemy in this case was himself.

  • Didn't you bother the read my reply or did you just ignore it? Just like Bush ignored the laws like FISA. I said, I don't attempt to justify the actions of others, but Bush did violate the civil liberties of Americans. What others have done, like you say, doesn't change the fact that what Bush did was wrong too. Torture, including waterboarding were done by Japan during WWII. It was wrong then and now. People lie under torture and they did.

  • Actually, on a technical reading of the Constitution, Lincoln's suspension of habeas corpus WAS legal (though roundly criticized as it should be) - the Constitution allow fo suspension of habeas corpus during times of rebellion (and ONLY then) - Civil War being a rebellion, it may have technically been correct. Bush, however, has no such technicality on his side, let alone doing what is "best" for the country. If he truly did what was "best", we would not be in this mess.

  • You and dick bush should run off and start your own country somewhere where you can live your lives on your knees in fear and maybe convince some kids to go die for a lie while you suck each other off through glory holes while claiming moral superiority over everyone else. BTW the dems didn't do shit from 2006 to 2008. They rolled over and gave bush everything he wanted. But nice try.

  • Oh my, you do have issues, don't you?

    ...you are right the Dems didn't do anything from 2006 to 2008 but they absolutely did not give Bush anything. The whole point of not doing anything was to sabotage the last 2 years of the Bush administration (at the country's expense) to help make sure a Democrat was elected President. How do you think we got in this mess?

  • No issues here. You're the one that apparently votes against your own interests. The dems gave bush everything he wanted. Including billions for his little wars and even kept that money out of the budget. That is how we got in this mess. Not by stopping bush or sabotaging his presidency. The stupid fucker sabotaged himself with the help of moron repug voters like you. Just because you're completely blinded by partisan ignorance doesn't mean everyone else is.

  • The last two years of the Bush admin the Dems had majority in both houses of Congress. They did not do anything for those two years except try to make the president look bad. I'm not the one blinded by partisan ignorance. Go look in a mirror of that's what you want to see. Bush was president so he has to take some of the blame but most goes to a few CEO's & congress. Especially since Republican senators tried to toughen regulation on Fannie & Freddie in 2004 but were stopped by Democrats.

  • bush didn't need help to make him look bad. In 04 Dems were just along for the ride. 6 of the last 8 years repugs were in complete control of all three branches of government and you're stupid enough to say anything is the dems fault after 2 years in a slim majority? Or do you hope the people you tell your bullshit to are stupid enough to believe it? Just tune yourself back in to Drugs Limbaugh, Michael Weiner, Ann The Man, and O'Liely, shut yourself off to reality and enjoy your fantasies.

  • Yeah, ok. All I know is what has been happening on earth. I'm concerned enough to try and update you for the period you were apparently on some other planet but if youre happy in your la la land there's not much I can do for you.

  • "All I know is what has been happening on earth."

    No. You don't. If you did, then I wouldn't have responded to you because you would not have been spewing incredibly stupid shit that would make me want to mock and verbally abuse you.

  • No. You want to mock and verbally abuse me because you lack the capacity to respond civilly with a thoughtful, informed, well articulated comment.

    I do not agree with you and since you typically only put yourself in situations where you will only hear like-minded commentary, you don't know what to do. After all its not like there is any chance that you might be wrong, huh?

  • Can't agree to disagree on the facts. San Diego is not German for "Whale's Vagina" and the dems aren't responsible for the recession or making bush look bad.

    "After all its not like there is any chance that you might be wrong, huh?"

    About what we're discussing? No, there isn't.

  • I didn't say dems were responsible for the recession. I split the blame 3 ways. Bush/Wall Street/Congress. Some of it also has to go back to the Community Reinvestment Act (reeks of dems) as well as the Democrats refusing to help Republicans regulate Fannie and Freddie in 2004. There is plenty of blame to go around. Mostly to Democrats but not entirely.

    Oh and thanks for clearing that up about San Diego.

  • "Democrats refusing to help Republicans regulate Fannie and Freddie in 2004."

    Did you seriously just say that repubs tried to regulate Fannie and Freddie? That is a made up repub talking point and I can't believe you fell for it. Republicans trying to regulate something? It is to laugh. Even if it were a teensy bit true, dems were just along for the ride in 04' and as i've said before shamelessly did nothing from 06'-08'. Repubs are responsible for the last 8 years implicitly. Again, nice try.

  • It's 100% true. It was bill S.190 (Federal Housing Enterprise Regulatory Reform Act of 2005). It was written by 4 Republicans. They needed every Republican and just 1 Democrat to vote for it to get it out of committee but no Democrat did. They all insisted that there was no reason increase regulation on Fannie and Freddie, even called it a witch hunt. Check out the C-Span coverage of the committee debating the issue:

    watch?v=_MGT_cSi7Rs&feature=ch­annel_page

  • Actually, Alan Greenspan deserves some blame for this. His idea that "deregulating the banks in favor of a free market" and then hoping that everyone would "do the right thing when faced with excessive greed" was a bad choice all the way around. Once the checks and balances were removed, greed thrived, and every group seemed destined in their attempts to go beyond the level of their predecessor's. I agree that there is plenty of blame to go around, but this problem dates back before 2004.

  • What you're not telling me... What nobody seems to be able to tell me is: What checks and balances were removed?!! Exactly what regulatory act(s) was it that Bush signed into law that you think caused this problem?

    The root of the problem dates all the way back to the Carter Admin when Carter signed the Community Reinvestment act into law. We've really been on a downward spiral since it was modified in 1995 (Community Reinvestment act of 1995).

  • Wait a minute,did I watch the wrong video? Hey fairmind..i'll bet you watch fair and balanced faux too.

  • I don't recall saying Bush did anything. In fact, re-reading my article, there is no mention of Bush at all. I'm beginning to fear you're sitting here being more of a puppet for protecting the ideas of the Bush administration rather than being open to commentary on the subject at hand. I mentioned Alan Greenspan, and if you want to know specifics, his advice on allowing investment banks invest in home mortgages was taken too seriously by both President Clinton and President Bush.

  • Alan Greenspan saying something doesn't change how things are done. In order to change the rules there has to be a bill pass that is then signed by the President. Clinton signed the Gramm Leach Bailey act into law. It allowed Investment banks and commercial banks to merge and has been accused of contributing to this disaster. Clinton defends it and I think he is probably right. Saying deregulation caused a problem has to be backed up with the specific legislation otherwise it is just hot air.

  • What? Really? Did you forget Political Science 101 from your college days? Greenspan not only made recommendations, he was responsible for setting e.g. the funds rate. He also recommended bank deregulation. And the real power in the U.S. financial world is who? The chairman of the Federal Reserve. Not Congress, the president, or the Treasury Secretary. His "recommendations" were not ignored, I can assure you.

  • The CRA mandated that banks give mortgages to low income folks at the same rate as they do high income folks or risk losing FDIC backing. This forced banks into finding creative ways of getting people into mortgages they really should have never qualified for. Democrats praised and encouraged it right up til the bubble burst.

    Yes. The fed sets the prime rates. You are also right that it can only "recommend" regulation which would be accomplished through legislation. You've taken us nowhere.

  • You have a good point about the CRA, sadly, that's certainly an example of "discrimination" that has a basis in reality, i.e. that is justified. Thing is, if you're poor, you simply don't have the financial collateral to put up for a loan, making you risky to lend to, so in some sense, it makes sense that poor communities will get fewer loans than richer communities, no? I think, when combined with my original comment, I've taken us everywhere. I've never blamed Bush once for this problem.

  • Your not telling me anything until you sight specific regulatory acts that passed which may have contributed to today's crisis. You just keep dancing around it.

  • You also have ignored my prosperity question, while putting words in my mouth (about Bush when I specifically said "there is plenty of blame to go around." I've tried to stay away from "Democrat" versus "Republican" here but ...

    The factors I believe could be The repeal of the Glass-Steagall Act, done by the 106th (Republican majority congress), along with Commodity Futures Modernization Act of 2000 (also, 106th Republican majority congress).

  • The Glass-Steagall Act was repealed by the Gramm-Leach-Bailey act which was signed into law by Bill Clinton in 1999. He has defended it as recently as Sept '08. I believe it helped more than it hurt by allowing banks to diversify.

  • And in your comments, you say "otherwise it is just hot air" - this concerns me. You have not posted anything for me to review for this "55 months of economic prosperity" or even pointed me to the part of the CRA I've requested. I've thought about the "55" months of economic prosperity, and perhaps you're thinking of 1987-2001, where Greenspan actually did some good. This, of course, was not during much of Bush's term. As for Mr. Bush, his war spending certainly didn't help matters.

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  • Unfortunate 500 char count (in a day computers have longs, and 64-bit ints, wtf). Anyway, before you ask, he [Alan Greenspan] started shortly before the crash on Black Monday, October 19, 1987, and led us into 15 years of rapid economic expansion, with only one minor recession in 1991. Of course, he was also there for the 2002-2006 recovery following the dot-com & 9/11 recession. That is a pretty good track record when you think about it.

  • Looking over the CRA, I don't really see anything specific that could have caused the financial situation we're in now - what paragraphs should I be concerned with?

  • Your a bit wrong here, the democrats did attempt to "play ball" with Bush on some things but butted heads with him on others. It was practically a stalemate considering democrats were 27 votes from being able to override a veto. Even taking these facts into account, two years of stalemate didn't hurt this country any more than six years of republican rule. It was not even close to a repeat of the 1995 budget stalemate, which is something any party would want to avoid if they wish to stay in.

  • During those 6 years of Republican rule there was a record breaking 55 months of continuous economic growth and job creation.

  • Source? I've looked around for comparisons over the past 50 - 100 years in this country and am unable to find anything mentioning this "55 months of continuous economic growth."

  • First of all, the economy wasn't very strong until the summer of 2007 - we went from a large surplus to a large deficit real quick, to the point where Bush was begging us to stop. I was typing mostly generally about Bush's policies, and also since we were discussing the war on terror, Bush's policies relating to detention, etc. It wasn't just Bush who put in deregulation - we have been using the free market system for 20 years now and it hasn't worked.

  • actually we have been using the free market system almost since the countrys inception. and its also made us the wealthiest nation on the face of the earth with a 13,8trillion economy.

  • No, actually we haven't been using the free market system - in fact, that is why the Chicago School and Milton Friedman had to go to Latin America and Indonesia to try out their free market experiments until the 1980's. I guess FDR's New Deal was free market according to you?

  • yeah you are right. i should modify and say until hoover and fdr who compromised the true free market. until then what do you call it?. we had no income tax till 1913 people actually kept the money they earned, our forefathers as you know were very anti-tax. remember the boston tea party?.

  • lol - you're jumping around so much - first you say we had it during the entire time, then only until FDR - make some sense, man - I was talking about the last 20 years - from FDR to the last 20 years, we didn't have much of the a free market - but there HAS been a free market the last 20 years, and it helped bring us to our recession today - focus on the issue And the Boston tea party wasn't just "anti-tax" - it was taxation WITHOUT REPRESENTATION. Man, you don't know your basic history.

  • youre not the one to talk about history. believe it or not we have been a country a lot longer than fdr on. but lets take your premise and we havent had a free market since the 80s. i dont know what you would call what we had before then, socialism?. what?. so you cant blame the great depression then on free market principles can you?. actually you forgot the reagan years free market. answer my question. what economic system did we have before fdr?.

  • I'm not sure where my comment went, but - focus on what I am typing. Prior to the New Deal, we DID have free market - which actually lead to the Great Depression. We then saw fantastic growth in the 1933-1970 period. A period not exactly known for free market. And then the supply side Reagan revolution came along (leading to our CURRENT depression). Since then we have the return of giant economic bubbles, a loss in competition and even at the best of times slower growth than 1933-1970.

  • Where do you get your information? FDR's New Deal did nothing but prolong the great depression. What brought the economy back was WWII. We are not in anything close to a depression right now. True this is the worst economic crisis since Jimmy Carter but it does not compare to the Great Depression. There was economic growth from 1983 to 1990, from 1991 to 1999 and from 2001 to 2008. Free market capitalism. The way to go.

  • WPA and CC as well as others provided a lot of success. Problem is that they chickened out in the middle of their programs and started pulling back. Again, you have yet to show me that there was economi