Saturday, September 27, 2008

comment on gather post: Ron Paul: Greenspan, Bernanke Should Be Criminally Charged by Col. George W.

micky d: "A few more rats should also be jailed..."

Gosh, a list of criminal Democrats who, it turns out, have been in control of Congress for less than two years! How DID they manage to create this CLUSTERFUCK in such a short amount of time?

A Congress run by Republicans from 1994 through 2006, a Presidency run by Republicans the last 20 of 28 years, and a Supreme Court with a Republican majority for how many years? And all three branches of government for 6 years. But you've got a list of Democrats who are responsible? How many Republicans are now in jail or on trial from the last six years, and how many more if the Justice Department was controlled by a Democrat? How do you keep your head from exploding?

Anyhoo...

Here's my timeline for the ECONOMIC CRISIS:

1981: John McCain and Charles Keating meet and become BFFs. The Keating Five scandal in 97 seconds...

August 1994: The Republican Party presents the Contract With Ameria

January 1995: Republicans gain majorities in the House and Senate

November 4, 1999: Senator Phil Gramm, Chairman of the Senate Banking Committee, presided over a session where the Gramm-Leach-Bliley Act was passed 90-8, making it FILIBUSTER and VETO proof.

December 15, 2000: Phil Gramm slips 262-page measure called the Commodity Futures Modernization Act into an omnibus spending bill.

late 2001: Enron collapses, Bush says he may have met Ken Lay in a reception line at the White House.

October 15, 2002: President Hosts Conference on Minority Homeownership, George Washington University, Washington, D.C.

February 23, 2004: Greenspan says ARMs might be better deal, By Sue Kirchhoff and Barbara Hagenbaugh, USA TODAY ARM=Adjustable Rate Mortgage

September 18, 2004: Ex-SEC Official Blames Agency for Blow-Up of Broker-Dealers - 'They constructed a mechanism that simply didn't work' By JULIE SATOW, Staff Reporter of the Sun

May 30, 2006: Goldman's chief to take on Treasury, Paulson nominated by President Bush to succeed John Snow as secretary, boost public perception of performance, By Chris Isidore, CNNMoney.com senior writer

February 14, 2008: Predatory Lenders' Partner in Crime, How the Bush Administration Stopped the States From Steping In to Help Consumers, By Eliot Spitzer

March 17, 2008: Why Bush Watergated Eliot Spitzer, By F William Engdahl (well it did help push the oncoming disaster forward a couple months)

September 23, 2008: How Bill Buckley's Hatred of the New Deal Brought the Wall Street Crash of 2008, By Rupert Russell

You can, of course, make your own timeline.

A germane quote: "Capitalism will always survive in the United States as long as the government is willing to use socialism to bail it out." Nathra Nader, Ralph Nader's father

Let me expand on that: Capitalism will survive in the United States as long as Republicans grow the government with deficit spending so that it remains big enough to keep the economic system from collapsing from the latest Ponzi scheme.

And thanks to micky d for the perfect deflection away from the real culprits.

Comment location: Ron Paul: Greenspan, Bernanke Should Be Criminally Charged

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