RE: Tightening of Credit?
The point is that the then current admiration (Carter’s) at that time forced many banks through legislation, to make loans to people who would be considered high risk. In theory helping “everyone” to own the American dream of home ownership is noble and great, but the realty is, many can’t and will never be able to buy a house for whatever the reason, and to force banks to make loans to those that could not really afford it, was wrong. And, that’s what happened, no the banks are not blameless since I am sure that many had $ signs in their eyes (but then they always do), but in many cases their hands were tried by those in office that were trying to help these "little guys".
I don’t think Obama is the reason for this banking issue, BUT he sure made a lot of money from how things worked out! (The second greatest benefiter in moneys made)
You say that Bush won on a popularity contest…..what do you think Obama has been doing, he is certainly not running on his accomplishments (or lack thereof). Palin has much more experience and has more to offer than Obama. It’s funny how the gas crisis and then the financial problems have all come to a head under a Democratic Congress. And what has the current Congress actually done?? And, no the Republicans are not blameless in this whole mess as they could have done a lot more when they had the power, but didn't.
You are correct, an Obama/Biden ticket does make more sense, IF you like socialism, because that is what they and the entire Democratic party are selling……..no thank you.
Obama talks about change....but it needs to be change for ther better, not change, just for change....and again the change they want to bring is out and out socialism........
(As you may have guessed, I am NOT a Democratic)
(**As a side note, it's threads like this that really should be on other sites, since most members would rather read about Challengers than politics. If I offended anyone with this posting...sorry, but to much of what you get on network news is just out and out wrong.....)
*****By the way.....LOVE my New Challenger!!!!!!!!!!!!!!