Black Republican Ads

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[donnyforte2]

@dunkelfier "Politicians would be far more likely to be bought off than anyone working for a bank."

How do you think deregulation came about? The politicians were bought. I didn't even mention credit default swaps and these are all unregulated securities. And since every deal is private, all hell breaks loose because the bank fuckers are all hand-to-cock with credit default contracts. Let's also remember the SEC was in bed with the Bush administration for its lax concern/oversight.

[dunkelfier]

@donnyforte2 Deregulation is not a scam. All the Gramm-Leach-Bliley bill did was repeal part of the Glass-Steagall Act, which among other things allowed the government to limit speculation and prevent any one bank from being an investment and commercial bank at the same time. In any case, who do YOU think should be in charge of regulating banks? Politicians? Politicians would be far more likely to be bought off than anyone working for a bank.

[donnyforte2]

@dunkelfier "It wasn't deregulation that caused the housing market collapse"

Both Friedman and Greenspan insured the markets were self-regulating. The subprime market crisis came directly from private sector.. not those "poor people". And none of this ever explain the intensity of mortgage lending. This was a crisis thanks to 30 years of financial deregulation in the making. I'm not separating the Democrats from the same resulting mess, but Republicans kept the scam running primo.

[dunkelfier]

@donnyforte2 It wasn't deregulation that caused the housing market collapse, it was OVER-regulation, with the intent of allowing anyone, regardless of their ability to pay for their mortgage, to take out loans that would be backed by the government. This caused many people to try to make money from skyrocketing housing prices, and when the bubble burst everyone blamed the government, not the people who took advantage of government regulated loans.

[donnyforte2]

@dunkelfier "because of the Community Reinvestment Act,"

No, you mean the Gramm–Leach–Bliley Act (of 1999)... drawn up by three Republicans.

"It was actually George Bush who tried to stop this in 2004"

This too is a bunch of bullshit. Republican-conservatives controlled all three sectors of government, including the committee that supposedly "Barney Frank stopped". They did not need Barney Frank to pass the legislation to the floor. It was all for show anyway.. there were no meaningful ideas.

[dunkelfier]

@donnyforte2 The reason we're in an economic crisis is because of the chain reaction due to the collapse of the housing market and all the investments and derivatives people had based on the housing bubble. The reason things got so bad was because of the Community Reinvestment Act, and the government forcing banks to lend money to people regardless of their ability to pay back. It was actually George Bush who tried to stop this in 2004, but the Democrats (Barney Frank) stopped him.

[donnyforte2]

@dunkelfier "Working hard and becomming wealthy is not a crime"

Greed is why we're in an economic crisis. And a person making 35k a year is paying a bigger % out of his/her paycheck than some multi-millionaire/billionaire. It becomes a crime when so much wealth is transferred, the top 400 individuals in this country have more combined wealth than the bottom 50% of all Americans. Maintaining poverty on top of an educational system lacking funds (budget cuts), it's a crime.

[dunkelfier]

@donnyforte2 Ok, I guess my complaint was that people call Republicans 'racists' frequently, while hardly anyone points out the history of racism in the Democrat Party. Republicans don't fill the pockets of the wealthy, they sit back and let the wealthy keep doing the things that made them wealthy. Working hard and becomming wealthy is not a crime, nor should it be. This country is based on the idea that anyone with enough ambition and determination has the opportunity to succeed.

[donnyforte2]

@dunkelfier "why you think Republicans are racist"

I'm not the one who's blaming an entire party, you are. And saying a Republican ad is racey isn't the same thing as saying the Republican party is racist. If anything, mainstream Republicans are too sensitive about a social construct of race and make themselves look like idiots in the process.

"Republicans don't complain about race"

They complain about welfare while simultaneously filling the pockets of the wealthy. That's what I care about.

[dunkelfier]

@donnyforte2 But you have to admit, out of the two major parties, the Democrats are more guilty of racism than the Republicans.  You haven't provided any evidence other than rhetoric of why you think Republicans are racist. I've provided facts, which you probably have not researched, just dismissed as 'nothing'. I've researched what you've said, and the fact remains that Republicans don't complain about race anywhere near as much as Democrats.