Obama: Whomever GOP Nominee Is, “They Represent Ideas That I Think Are Wrong For America”
Posted by Jim Hoft on Thursday, January 26, 2012, 11:49 AM
Barack Obama told Univision today that whoever the Republican nominee is, “They represent ideas that I think are wrong for America.”
Like capitalism.
The Politico reported:
President Barack Obama won’t say whether he thinks Mitt Romney or Newt Gingrich would be a tougher challenger, but, either way, he’s certain that the difference between him and the Republican at the top of the ticket will be stark.
“I don’t really think about that,” Obama said in response to a question about who would be more of a threat in an interview with Univision conducted Wednesday night in Chandler, Ariz., and released Thursday morning. “What I can say is this: That whoever their nominee is, they represent ideas that I think are wrong for America.”
“On a whole range of issues I think that whether it’s Mr. Romney or Mr. Gingrich or Mr. Santorum or whoever else they might decide to select, they represent a fundamentally different vision of America. And it’s not the bold generous forward looking optimistic America that I think built this country,” he added.
The interview was Obama’s first since delivering his State of the Union address on Tuesday night, and comes as the Republican presidential candidates are stepping up their appeals to Hispanic voters ahead of next week’s Florida primary. Speaking to one of the top U.S. Spanish-language news outlets, Obama offered his own appeals, noting his efforts to make immigration laws more favorable to immigrants even without the comprehensive reform he’s repeatedly called for.
For the record… Barack Obama is the worst jobs president since the Great Depression overseeing the worst housing crisis since the Great Depression.
And the hits keep coming…
Today we found out that 2011 was the WORST YEAR EVER for home sales.
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Rough Night… Obama Loses 36 Arkansas Counties to Unknown Democrat – Loses 67 Kentucky Counties to “Uncommitted”
Published May 23, 2012 at 4:57 am - 67 Comments
Carbon Pootprint commented:
Yeah but he’s an out of tune idiot leftist.
Like this Idea commented:
http://www.foxnews.com/politics/2012/01/26/senate-vote-gives-obama-option-to-raise-debt-ceiling-another-12-trillion/?test=latestnews
SENATE FAILS TO LIMIT DEBT CEILING INCREASE IN 52-48 VOTE, US EFFECTIVELY HAS A $16.4 TRILLION DEBT CEILING
olm commented:
One thing he is right about. Whoever the nominee is for the Republicans will represent the exact opposite of what Obama represents. That is not to say they will behave any differently in office, but they do represent the hope for bringing America back from the statist uptopia Duhobama is trying to create.
Ma commented:
Obummer your ideas which have been a demostrated failure for the last three years are what is wrong.
AuntieMadder commented:
OT: This sucks.
Gingrich opens door for illegal immigrants
By Seth McLaughlin
-
The Washington Times
Wednesday, January 25, 2012
http://www.washingtontimes.com/news/2012/jan/25/romney-gingrich-flip-flopper-self-deportation/
BuddyG commented:
If 0bama thinks their ideas are “wrong”, then they’ve got my vote.
jorgen commented:
“On a whole range of issues I think that whether …, they represent a fundamentally different vision of America.
That’s what the whole world is hoping!
Stats R Us commented:
Total US Marketable debt will increase from $6.3 trillion to $11.7 trillion under this administration, an 85% increase
olm commented:
One more thing, although the left will attempt to use race at every turn, it will be far more difficult than it was against McCain.
Obama is clearly a Marxist. There is no longer a black/white issue to fall back on, he’s in the WH he was given every oppurtunity. His Marxist ideology is now tough to cover up.
America either wants a Marxist or it doesn’t.
Ria commented:
In this political climate of housing recession, the GOP would be nuts to send the tongue tied, private equity guy to go up against Obama the Class warfare warrior. 2012 is all about how hard the middleclass is struggling.
Rachelle commented:
Just a note, ‘whoever’ is correct and ‘whomever’ incorrect in this instance. It is a subject, not an object. ‘Whoever is…’ gives the idea.
donh commented:
Romney refuses to so much as call Obama a socialist…but he will re-enact a ruthless Gettysburg battle to kill Newt in Florida. He even brings the Obamas in state to campaign for him with their non specific general attacks of ” republican ideas “…code for Newt…. the only man offering any ideas. …
Chris in N.Va. commented:
Perfect self-definition by our Malignant Narcissist-in-Chief.
Sums up his worldview quite concisely.
L’etat, c’est moi!
Sherry commented:
WhatEver.
Militant Conservative commented:
Great, another English grammar geek.
Simple choice America. Do you want more of the
Current economy? Do you think another candidate
would be in order. Obama is Evil.
Powder is dry
jwyatt03 commented:
Radical ideas like actually laboring for a paycheck.
Greg commented:
Dear Mr. President,
Please Resign! You are so out of touch and hypocritical that you are an absolute disgrace to the Presidency.
Sincerely,
Another Democrat turned Republican just because of you!
S. Wolf commented:
‘They represent ideas that I think are wrong for America’
Like Liberty. Like the Right to be left alone by government. Like freedom of conscience. Like pro-life. Like self-sufficiency and standing on your own two feet. Etc. Hussein thinks a lot of things are wrong for America.
Blacque Jacques Shellacque commented:
Finally, the idiot managed to get something right for once.
If you’re lazy and prefer to be dependent on the government for everything, then Obama’s your guy.
gee! commented:
#15 bing………..
mike191 commented:
A community organizer, who spends more time on the Golf Course than in the White House,claims that Republicans vision for are Nation are wrong is pure lunacy.
MustComment commented:
I’m still trying to process how so many believe all his UNTRUTHS spoken during his SOTU address? I guess people just believe everything that is told to them… CLUELESS IN AMERICA.
DrNSA commented:
Why worry about a debt ceiling, when you have the “it’s all Bush’s fault” excuse? Zippy saved the day! You just don’t understand the nuance of leftist thinking. And with a MBM(Make Believe Media) backing this nonsense, the Zipster only needs the dimwits that voted for the Hopium he was selling in 2008.
lakewriter commented:
I’m sorry. I cant get past that picture matched with that headline! I’m still chuckling. A masterpiece match! Someone has to pick that up and use it for their campaign!! LOL
Militant Conservative commented:
Good photo of erkel.
Too bad he governs just like erkel.
“did I do that?!”
Powder is dry
BlackBush commented:
“forward looking America” = Communist America
Patty commented:
“And it’s not the bold generous forward looking optimistic America that I think built this country,” he added.”
Could be more of a liar?
_________
(Obama offered his own appeals, noting his efforts to make immigration laws more favorable to immigrants even without the comprehensive reform he’s repeatedly called for.)
Between his treatment of Governor Brewer and having Holder involved in Fast and Furious, up to his eyebrows, can we have faith in Obama.
_______
Obama’s uncle quietly released from jail
Officials released President Obama’s uncle from Plymouth County jail yesterday after holding him for more than two weeks on an immigration detainer for violating an order to return to his native Kenya in 1992.
US officials refused to disclose any other information about Onyango Obama, who remained in the United States undetected until Framingham police arrested him Aug. 24 on drunken driving and other charges.
Yesterday, federal immigration officials refused to say whether the 67-year-old Framingham resident posted bond, whether they are keeping track of his whereabouts, or even whether they are still seeking his deportation, raising questions about public accountability in the case.
_
besides breaking several laws, where was MOTHER’S AGAINST DRUNK DRIVERS.
Jonah Vark commented:
The MSM has again proven their incompetence by failing to report on an extremely significant court case today. It’s all over the internet but not a peep from the major news networks.
OBAMA ELIGIBILITY COURT CASE…BLOW BY BLOW
By Craig Andresen on January 26, 2012 at 9:25 am
Given the testimony from today’s court case in Georgia, Obama has a lot of explaining to do. His attorney, Jablonski, was a NO SHOW as of course, was Obama.
The following is a nutshell account of the proceedings.
http://www.thenationalpatriot.com/?p=4138
Patty commented:
http://articles.boston.com/2011-09-09/news/30136095_1_jay-carney-immigration-agency-onyango-obama
#27
OBAMA’S UNCLE RELEASED FROM JAIL
Patty commented:
OT
There will be a new Secretary of Treasury in Obama second term
http://www.hapblog.com/2012/01/timothy-geithner-there-will-be.html
and this, Rasmussen reports Romney has an 8% lead.
Patty commented:
This looks like a very volatile race, though. A big debate stumble by Romney could reverse this yet again. However, with the tax issue off the table and every other line of attack likely to be a rerun, there’s a question about whether Gingrich can find another way to knock Romney off his stride as he did in South Carolina, or go after the media like he did to win in two debates there.
http://hotair.com/archives/2012/01/26/new-rasmussen-poll-in-fl-puts-romney-up-by-8/
All Romney has to do is stumble and if Gingrich fights back with facts against him this will turn around for Gingrich.
So, no matter what Obama says, he is scared of Gingrich. Romney is a RINO.
haha commented:
DrNSA: good one! “leftist thinking”
hahahaha, what a knee slapper!
myohmy commented:
If George Soros is correct that Obama and Romney is no different, then why vote Romney?
gee! commented:
Obama’s failed policies…………http://obamafailedpolicies.com/Category/Economy1.asp?Specialty=Economy……………..just sayin
Ria commented:
I just heard an audio of Newt telling his audience he will be very grateful for their support on Tuesday. Can someone wake Team Newt up and let him know early voting is going on now. Why are they not encouraging that crowd to go and vote NOW!!
overthehillbill commented:
Last Tuesday I was at a family members funeral and with the exception of a few people I
was surrounded by obama supporters and others who think exactly like obama. On instruct-
ions from good-wife and a good deal of selfcontrol i was able to keep my sanity.
LAURIE commented:
THATS RIGHT, HE’S A FACIST
valerie commented:
#3 January 26, 2012 at 12:38 pm
olm commented:
If he had a reasonable shot at creating the wonderful world he has promised, I’d have voted for him the last time. After all, the first set of promises was even better than the ones he set out in the SOTU. This guy has no mechanism for getting from here to there, which is why he can’t deliver.
Ria commented:
OUT – Operation Chaos
IN – Operation Pious Baloney
Enjoy the debate all! lol
squeaky commented:
[Andrew Restuccia of The Hill is reporting that Ener1, a battery company that President Obama referenced in his State of The Union Speech on Tuesday as an example of successful energy investments, has just filed for chapter 11 bankruptcy] the guy apparently has the kiss of death. his think process is obviously flawed.
http://www.businessinsider.com/the-next-solyndra-president-obama-mentions-an-energy-company-in-his-big-speech-and-it-goes-bankrupt-instantly-2012-1#ixzz1kayxYnj6
valerie commented:
#32 January 26, 2012 at 2:00 pm
Patty commented:
Interesting. That Hot Air article presumes that only very conservative voters will like Newt. I don’t thing that’s true, although of course this is a Republican primary and the Republicans have been calling themselves conservative.
When Gingrich talks, it’s obvious that the lights are on, and somebody’s home. Further, that somebody is creative, hard-working, and willing to take a good idea from any source. Any Liberal who actually listens to him, or bothers to do a little original-source research instead of being satisfied with the game of telephone our dishonest media has been playing, is going to be pleased and surprised.
This ain’t no little, angry attack muffin. This is a skilled policy wonk that is willing to try to make legislation work properly.
Molon Labe commented:
People should remember that the GOP laid the foundations for Obama and allowed him to do what he has wanted for the past year and a half. Exactly what will they do that’s different if they control the senate and house. Make sure you vote for a conservative and not a cocktail party member.
As for the Dear Leader, a thorough investigation needs to be carried out after he leaves office and he and his associates need to be prosecuted for their offenses against the constitution.
WillofLa commented:
Screw this other crap, let me tell you something about this so-called hurting housing market. Do you people out there want to work your butts off and not ever be able to afford a house? Not a new one because the price of those is totally out of touch with most working people. I’m talking about existing houses that are over thirty or fourty years old that have been remodeled and have twice the space that a new house with the same floor footage that is twice the price. These houses make up more than 80% of the market. The house I have was built in 1956, and has never been remodeled until my wife and I moved in. We’re not finished with it yet, but many were and are now worth much more than what we paid. But that’s just it. What will these houses be worth if the housing market doesn’t keep going down.
This is what you have to understand that happened to the housing market that has taken it out of reach forever from most working people making decent money but no where near enough to pay a three or four thousand dollar a month house note. It would never be that way if houses weren’t manipulated into becoming a “investment” comodity. Once that happened and the big banks, and the Federal government, investment corporations, and other kinds of things like that, it killed the “American Dream” or home ownership.
Now realitor’s will argue with me all day that the Dream is not dead. Sure, if you want to cough up two or three thousand a month where both you and your wife will have to slave at working all your lives just to keep that roof over your heads. But home ownership was never supposed to be enslavement. It was supposed to be the very thing that solidified what being an American was all about. That is not slavery. Sure a home is probably the single most expensive thing you will ever purchase. But the way it’s set up now you can forget it, you won’t be able to own one to find out the fun and enjoyment of home ownership. This is something that many countries who are run by Socialist/Communist/Islamist countries don’t even allow their citizen’s to do. Those countries don’t have private property rights and it’s becoming less and less everyday.
Here’s a big part of what drives the cost up from where it should be that you need to be aware of. What is value? The value of a house is obviously how much it cost to build it, and the price of the lot it sits on, pavement, sidewalks and landscaping, if any, whether it has a attached or detached garage. We all know that the builder gets his profit off the job and that is part of the pricing to. Okay now we are at what you should be paying to a bank or mortage company. The price, though has taken on a life of itself now since the big banks and those others I mentioned have gotten in on it. Some of the traditional price of a home is included where the house is located, like what kind or what neighborhood is it in. What school district is it in. What fire and police protection does the area have, and what and how many businesses are near by.
Those intangable elements don’t have a price on them like a board or a piece of sheet rock, or a can of paint. You can’t add up the intangable’s and add that to the price bringing up the cost you’ll be paying the bank. And there is an amount they do figure into the price and every one knows that part of the price is some of those things. But that’s not what I’m focusing on. What will be added to the price of a house is something that has come about in the last twenty-five years, and that is that if one house can be sold from a bank to a investment corporation for so much profit, how much could the bank make off of houses if they had a thousand of them. Are you getting the picture? Then the investment corporation has several of those banks with houses to sell and we’re talking about some real numbers. Now, the investment corporation sells them to a bigger investment corporation and tacks on profit margins for itself, and on and on. Now, a house that started out at $80,000 is now “worth” $150,000 from all the financial activity that these houses are generating from being sold over and over again from one financial entity to the next. And each time these houses get sold the price goes up higher and higher until a $80,000 house is now selling for $325,000 that has the same floor space as a less expensive one, the same floor treatment, the same remodeled kitchen, the same added bathroom, and the same upgrades in insulation and air conditioning.
In short, really nothing has been done to that house to bring the price up so significantly, and the neighborhood is just like it has always been, the schools didn’t move closer or further away, and the fire dept. can still get to you in the same amount of time. But let’s just say for the sake of arguement that this house sold for the original $80,000 five years ago, but now the same house is going for $325,000. What in the hell changed?? What changed was how much somebodies profit was on that house, the last time it was sold.
That house didn’t move an inch from where it was originally built, and the same bank will be the one you’ll be buying it from. So it’s still the house you wanted but now you can’t even begin to afford it. What would put more American’s into more houses is if we can get houses out of the hands of big banks, and investment corporations by making a house something that cannot be bought for investment purposes, but for the sake of home buying only, to either a first time home buyer, or someone who is buying up in the market. Get our homes out of the hands of the hedge fund corporations, and the Federal governments schemes of selling homes to people who have no business buying a house and then force the price back down to their “natural value” and we will be able to get into the American Dream we once were taught by our parents was the thing that made being an American worth having. Get the big realitor comclomerates out of the houses selling business that drive their realitor’s to sell more houses this month than they did last month like Rohm Emanuel did while he was working at Freddie/Fannie, and maybe we won’t be seeing people loosing their homes if one of the couple looses a job.
Home foreclosures is the number one thing that is causing our economy to be damaged. But it is the fault of the high unrealistic house pricing that is also the cause. When both husband and wife are working their butts off to be able to pay a three or four thousand dollar a month house note, when they both know good and well if either one of them looses a job, there goes the house is just plain wrong. If that house note was more realistic and was around six or seven hundred a month, then in the mean time a minimum wage job would cover the house note and that family wouldn’t end up living in their car, is where home ownership should be in this country.
It breaks my heart to know that good, decent, hardworking people are living in their cars now because they couldn’t pay a overpriced house note is a travesty in this country and should not be happening. Oh, but the big butt banks and investment corporations have already got their money, and the entity that is lined up to buy all those houses again is chomping at the bit to sell those houses again is getting impatient. He doesn’t give a damn about you not having the money. Yeah, you would though if these houses hadn’t become investment comodities instead of being protected and preserved for the American working people instead of some rich fat cat’s who own a string of hedge funds and are already filthy rich. They have theirs, you deserve to have yours to.
I’m all in favor of hedge funds and big banks making profits. But I am totally against houses being put on the auction block that don’t belong there keeping American’s from ever having something that is what American’s work for in their lives more than anything. And that priveledge has been taken away from us by Socialists in the government for the purpose of keeping it out of our reach. Change these laws and take our homes out of the hands of those who don’t need them and we will be able to own the land like the Bible tells us to. We can’t do that if those in the government have taken that away from us. It’s Socialist laws giving big banks the opportunity to make profit off of something that they didn’t have access to before is what the problem is. Just like Wall Street now, the Democrats gave the banks laws that opened up opportunities that didn’t exist before so they could realize profits that could not be obtained before, that keeps them loyal to Democrats, that end up screwing us out of home owership that is rightfully ours for the taking if we have worked for it like we should.
Home ownership is not a right, but the opportunity to obtain a home at a price that is easily affordable, because it hasn’t been sold a dozen times by big banks and investment corps. artificially jacking up the value, and does not require our becoming a slave to the house just to keep it is what will bring back America. Our parents didn’t have to compete with the big banks being given profits by government laws that should not exist. Why should we?
tommy mc donnell commented:
i think the myth’s ideas are wrong for america or anywhere else in the world.
The Triguy commented:
Here’s the point. If he really believes that–and he does with everything in him–when he looses the election, will he actually give up and go home?
valerie commented:
#5 January 26, 2012 at 12:39 pm
AuntieMadder commented:
Auntie, that article is not talking about what Newt said. They are talking about what his unnamed campaign people didn’t say.
The person who wanted to make a guest worker program a path to citizenship was Ted Kennedy.
Here is a list of his votes. Note that Ted Kennedy’s idea of a guest worker program undermines its purpose. He would have made a guest worker program into a path to citizenship. THIS is amnesty, not a guest worker program. Ted Kennedy always pushed for amnesty.
http://www.issues2000.org/International/Ted_Kennedy_Immigration.htm
*************
Here is what Newt actually said on the subject in the SC debate.
Transcript of SC debate
http://archives.cnn.com/TRANSCRIPTS/1201/19/se.05.html
GINGRICH: Right. What I say, we’ll start with I think you have to first of all control the border. I don’t think you can pass a comprehensive bill because nobody trusts the government. So first, you control the border. We have a bill that would have it controlled by January 1, 2014. And I’m prepared both to waive all federal regulations to get it built and controlled by 2014 and I’m prepared to move up to half the people who work for Homeland Security — about 20,000 — they have 23,000 employees in Washington. I’d be prepared to move half of them to Texas, Arizona and New Mexico if that’s what it took to control the border.
Second, I favor English as the official language of government. And I think that creates a continuity.
Third, I would actually modernize the legal system of visas, because currently we make it too difficult to come here legally and too easy to come here illegally.
Fourth, I would make it much easier to deport people. So if you are a non-citizen who belonged, say, to MS-13, an El Salvadorian gang, we should be able to get rid of you in two weeks, not two years. And we should have a much easier deportation.
Fifth, I favor a guest worker program. And I would outsource it to American Express, Visa or MasterCard, because they can run it without fraud and the federal government’s hopeless. So you want a system that is accurate and that is anti-fraud, which leads you then to be able to say to private employers, if you hire somebody who’s illegal, we’re going to have an enormous economic sanction, because there will be no excuse once you have a guest worker program that’s legal.
Then you get down to the question of people who are already here. I believe in what I just described most of them will go home.
The one group I signaled out — and we do have a lively debate on this up here. There are people who have been here 25 years. They’ve been working. They’ve been paying their bills. They’re married. They have children. They may have grandchildren. They may be in your church.
Now, I don’t think we’re going to deport grandmothers and grandfathers who have 25 years of networking and relationships in a community. So I’ve suggested a World War II-style draft board where local citizens would review the applications. You could only apply if you proved that you were financially responsible, you proved you had genuine family ties, and you had an American family sponsor you.
You still wouldn’t get amnesty. You wouldn’t get citizenship. You would get a residency permit.
In order to apply for a citizenship, you would have to go back to your own country and get in line behind everybody else and be processed as a person from that country. But I think this is a doable, solvable, practical solution. And I think trying to deport grandmothers and grandfathers will never pass the Congress and would never be accepted by the American people.
***************
Newt Gingrich answered the question these reporters repeated to his campaign. The reporters were looking for an excuse to print something different from what he said, and when the campaign wouldn’t co-operate, they made something up.
tommy mc donnell commented:
#41…if a business gets taxpayers’ income and fails that is a success to obama.
valerie commented:
http://townhall.com/tipsheet/greghengler/2011/11/01/absolutely_devastating_obamas_words_come_back_to_haunt_himbig_time
WillofLa commented:
Sorry for such a long post. I hope people read all of it because as a home owner I have always wondered how these houses kept going up higher and higher in cost when nothing more was done to it to make the price that high. It had to have been something else. Talking to realitor’s gave me the idea of what all was involved with the price of a house. But if you aren’t a realitor you will be lied to by a realitor about what makes houses priced like they are. It’s professional secrets of the business.
If houses were taken out of the hands of the Socialist Democrats using them as pawns to get support from big banks and investment concerns, and put them back in the hands of people who are just in the business of selling houses to American’s who are wanting to have a “home”. A place to raise their kids, to be able to teach them the priveledge of having the security that your home provides you, and to feel how wonderful it is to have your own place that you can call yours, and that you know you can’t be thrown out of, and that you have Constitutional rights to protect with a gun if need be, and can blow somebody back out into the street if need be. Here in Louisiana we have a “shoot the burgular” law that says a home owner has the right to shoot to kill anyone who breaks into your home and is a threat to you and your family. The cops come and clean up the mess and bid you good night. That’s the way it should be nationwide. We should be protected from crime and criminals. If you are renting, you don’t have that right, because the property doesn’t belong to you and you have nothing to legally protect. See?
But when the Democrats create their own laws just for the purpose of being able to break a law that is Constitutional, and giving the banks opportunities to do things with houses that they couldn’t do before just so Democrats can make deals with them to give back some of the profits they make off all the houses they get to sell, is not right. What it does is put people out of their homes if the fail to make a payment, and under the conditions the banks establish to protect their profits in the houses they own, then you will be thrown out where before they couldn’t. They would be more willing to work things out with you before the Socialists got involved with these banks and investment houses.
That is what I have heard from legislator’s and that is the banks should be more willing to work with home owner’s so they can stay in the house. But how can they do that if once one of them looses a job there’s no way to make a three or four thousand dollar house note. And look what that high of a house note is paying for. A little bitty 1500 or 1800 square foot house. I live in one that is less than 1200 feet, and I can tell you that it is real hard to find space for anything. And I have seen on the HDTV houses the size of one that I’m living in that are out in California going for $325,000 and aren’t any more of a nice house than mine. But out in California where money is always the name of the game and those people out there don’t give a damn about your circumstances, all they want is as much as is possible to get out of you. They will tell you that you can afford a three or four thousand dollar house note, and once they find somebody who gives in to their convincing ways, you’re stuck in a house note that will bleed you dry!!
We must have a President who understands what the Socialist Democrats have done to the housing market. They gave banks rights they shouldn’t have that had nothing to do with home ownership that is the American Dream, and has everything to do with money! Life is not all about money and how ever much you can get your hands on every day. That is not it. But it is to many people. And every time you hear the “housing market”, they aren’t talking about a “home”. They are talking about the huge money that there is in selling houses, not making homes for American’s. So everytime you hear the words, “housing market” don’t think about a “home”, think about big piles of money that can be made on houses like they were clumps of gold nuggets, instead of something that is the physical evidence of FREEDOM, and not enslavement to a mortage company.
#1AMERICAN commented:
If you were a common citizen and gave me that smug look I would knock you on your skinny ghetto a$$ in a second….POS disgusting excuse of a human
valerie commented:
*sigh* Congress caused the housing bubble by forcing banks to lend to people who lacked the resources to pay. President Bush made his first speech on the topic in January, the year he took office. Congress ruined our housing market.
http://wallstreetpit.com/22570-congress-pushed-the-u-s-central-bank-on-housing-bubble-says-greenspan
“Mr. Greenspan, who led the Fed from 1987 to 2006, pointed out however, that making it easier for poorer Americans to get mortgages didn’t push the country into crisis. According to him, the abandonment of rational lending standards and Wall Street’s drive to package the loans into opaque securities helped do so.”
In my opinion, “the abandonment of rational lending standards” was the only way for the banks to make the goals established for them by Congress, and the loan packages (backed by Congressional assurances) were a rational attempt to protect themselves from the hazards of nonpayment.
Newt Gingrich also tried to get a more rational approach to housing. And he was a consultant, not a lobbyist.
http://www.msnbc.msn.com/id/46074877/ns/meet_the_press-transcripts/#.Tx8B8SNWoU8
“FMR. REP. GINGRICH: …wait a second, wait a second, David. David, you know better than that. I was not a lobbyist, I was never a lobbyist, I never did any lobbying. Don’t try to mix these things up. The fact is I was an adviser strategically and if you look at the only thing ever published by Freddie Mac I said, “You need more regulations.” If you look at the only article ever written about my talking to the Congress it was in The New York Times in July of 2008 and I said, “Do not give them any money.” Now I opposed giving money to Fannie Mae and Freddie Mac. I think they both should be broken up into four or five much smaller companies. And I’ve long felt that. And so I think that to jump from one to the other is simply wrong.”
http://www.ketv.com/r/22971726/detail.html Smaller banks thrive – 2010
“”They’re not suffering the delinquencies, the defaults that the bigger banks are suffering,” said Creighton University professor Dr. Ernie Goss.
Small banks thrive below regulators’ radar
Boast “cleaner business models’ than their bigger brethren
http://www.investmentnews.com/article/20120122/REG/301229981
“Unlike their plus-size brethren, many of which gained notoriety during the 2008-09 financial meltdown, smaller banks tend to be unencumbered by questionable assets or complicated product lines. That has allowed them to operate, if not thrive, just below regulators’ radar.”
So Newt’s prescription, to encourage the proliferation of smaller entities to handle mortgages, turned out in retrospect to make a lot of sense.
valerie commented:
#50 January 26, 2012 at 3:49 pm
WillofLa commented:
Sorry, I meant to reference you, above, at #53.
Joanne commented:
Obama thinks what is right for America is a total and utter economic collapse and reliance on other nations for everything, so if Obama thinks a Republican nominee will be the opposite, then yeah!
Molon Labe commented:
Ever notice that Obama reminds one of one of those lizards disguised as a human. He sounds like a human, looks sorta like a human but he can never connect and keeps repeating the same lines he has selected from some recording arranging them to meet keep query but somehow always sounding off kilter and unfocused.
I keep expecting him to swallow a rat and then have Hommer Simpson say “I never voted for him.”
valerie commented:
36 Obama aides owe $833,000 in back taxes
http://news.investors.com/Article/599002/201201260818/obama-white-house-staff-back-taxes.htm
Ripped commented:
“Like capitalism.” you say Jim Hoft, 0bama sounds a lot like Newt Gingrich, he attacks capitalism also.
KLD commented:
I think, Mr Obama, we’ve had a good look at your ‘vision of America’….and it’s decidedly un-American. We don’t want it. So yes balancing you and your vision, and the Republican candidate and their idea’s are a stark contrast. Like comparing communism/socilaism and democracy. We should thank you perhaps. You have given us a very clear view where you and those who share your beliefs have been steering this country. You have lifted the fog of apathy, and we see clearly now. For that you should be congratulated.
I dirt Cloddius commented:
I think a dirt clod would make a better president than this socialist worm Barry O’Blabla.
Obamas regulation destroy jobs commented:
OMG is that a huge wart on his nose…I can’t look at him or listen to him with his lisp
Frances commented:
HE THINKS??? Who KNEW!!!
Julie commented:
Follow the money. Obama and Mitt are backed by the same wall street firms. They know if you vote for either one is a vote for them, so nothing will change for them, and all the bad dept will be dumped on the people with Rick and Newt. They claim they did everything until you check the facts and they did nothing. Newt lied so much he got the pants on fire award from CNN
gwhh commented:
that the weridest photo of him i have ever seen. i am looking forward to the photo of him the day he loses the elections!!