It's Looking More And More Like The Recession Was A Deliberate Set Up By GOP

[AllosaursRus]

They didn't have control in '06, but the economy was roaring along during that time. Unemployment was very low. The economy started tanking Oct-Nov of '07, when Dims had controlled Congress since January.

I remember Bwarney Fwank tellin' the Repub Senators there wasn't a damn thing wrong with Fannie and Freddy at a financial hearing on the housing market!

The Dems put the kabash on "W" and the Repubs tryin' to reign them in! The Repubs saw it was a fallin' off a cliff, and Reid, Pelosi, Frank, and Dodd just went ahead and pushed it off!

Tell me again DUmbasses how the Repubs sank the economy! Idiots! Facts are like garlic is to a vampire to you morons!

[zeitgeist]

An excellent older article on the Contrived Crisis from the Canadian Free Press.  To those intested in this subject it is an excellent primer. Lurking DUmmies are advise not to go to the link as it contains truth, will burn your eyes, and, cause hair to grow on your palms.

 http://www.canadafreepress.com/index.php/article/8713

{tease}


Through a series of supposedly random but arguably deliberate chain of events, America is poised to jettison 220 years of a free market system called capitalism, in favor of the tried and failed system of socialism. This writer, and others, are now starting to question how we reached this point.
 





Last summer, as McCain and Obama were in the midst of their campaigns to capture the presidency, a series of events dramatically changed the focus of the campaign from Iraq to the economy. From that point on, Obama took the lead and eventually won the presidency.

June 26, 2008: Democrat Chuck Schumer leaked a memo questioning the solvency of IndyMac bank. This memo precipitated a run on IndyMac which led to its failure. Federal regulators pointedly cited U.S. Sen. Charles Schumer, D-N.Y., in explaining the bank’s failure. “The immediate cause of the closing was a deposit run that began and continued after the public release of a June 26 letter to the OTS and the FDIC from Senator Charles Schumer of New York.”

This event, coupled with the Lehman Brothers collapse in September, marked the beginning of the current economic meltdown and provided the ammunition for massive government intervention in the private market.


{snip}

[Maxiest]

I remember Bwarney Fwank tellin' the Repub Senators there wasn't a damn thing wrong with Fannie and Freddy at a financial hearing on the housing market!

The Dems put the kabash on "W" and the Repubs tryin' to reign them in! The Repubs saw it was a fallin' off a cliff, and Reid, Pelosi, Frank, and Dodd just went ahead and pushed it off!

Tell me again DUmbasses how the Repubs sank the economy! Idiots! Facts are like garlic is to a vampire to you morons!

Yes, I posted the video of such exchanges a few post up.

[zeitgeist]

Gee DUmmies how do you reconscile this little tid bit:

Sept. 15, 2008: Obama and McCain are virtually tied in their race for the presidency. Out of no-where, in the space of less than 2 hours, the Federal Reserve noticed a tremendous drawdown of money market accounts in the U.S. to the tune of $550 billion. Rep. Paul Kanjorski of Pennsylvania said that if authorities had not closed the banks, $5.5 trillion would have been withdrawn from US banks, which would have caused the collapse of the US  within 24 hours.
This seminal event marked the ascendancy of Obama’s candidacy, and eventually resulted in his election as president.

I guess this should make you wonder who could [would] do such a thing??  <cough, cough, George Soros, cough, cough>