Gee..never saw that coming.

Well, I guess you'd better sit down and come up with one hell of a plan for 2012 so you don't have to keep suffering this way, huh ?

So far you're doing just great, by the way. America loved you guys when you were snotty little pricks who screamed and never offered solutions... so keep going with that.

Mordant: So far you're doing just great, by the way. America loved you guys when you were snotty little pricks who screamed and never offered solutions... so keep going with that.

lol..two words describe Liberal solutions, "Hope" and "Change". No one ever bothered to define that. Here we are, everyone got it. And more to come, take out your wallets, you and your great grandchildren.

Yes, we can!!

And here we were all convinced that it would be low class low income people screaming about how slowly this administration enacted change. Really, though, it's the fear mongering hate spewing 'conservative' mouthpieces. Funny how that works.

For all you Obama worshipers, he's not going to be your savior....he's just another farking typical politician.

Mordant: So far you're doing just great, by the way. America loved you guys when you were snotty little pricks who screamed and never offered solutions... so keep going with that.

Sounds like you described most Fark Liberals during the last eight years. Especially yourself.

PacManDreaming: Mordant: So far you're doing just great, by the way. America loved you guys when you were snotty little pricks who screamed and never offered solutions... so keep going with that.

Sounds like you described most Fark Liberals during the last eight years. Especially yourself.

That must be why you are sitting there whining about losing your ass in November and not me. Go look in the mirror, dickless. You tried your best and earned everything you have... which is NOTHING.

Congratulations on that.

PacManDreaming: Mordant: So far you're doing just great, by the way. America loved you guys when you were snotty little pricks who screamed and never offered solutions... so keep going with that.

Sounds like you described most Fark Liberals during the last eight years. Especially yourself.

We offered a solution. We got control of congress and the Presidency. What did YOU do? You whined about it.

a couple of simple questions before too much wharrgarbl:

1) when was the current earmark-filled budget drafted?
2) when was obama elected?

Mordant: That must be why you are sitting there whining about losing your ass in November and not me. Go look in the mirror, dickless. You tried your best and earned everything you have... which is NOTHING.

Congratulations on that.

I tried my best and earned everything I have... which is NOTHING? Um, OK. I'll take your word for that. I have no clue what you're raving about, but I'll assume you're right. Oh well, at least you haven't lost that special douchebag touch you've always had.

cameroncrazy1984: We offered a solution.

What solution? To continue throwing billions of dollars at failing companies like Bush was already doing? Or letting the Democrats in congress throw billions of dollar at their pet projects, which will probably do very, very little to stimulate the economy? Either way, good solution y'all came up with.

PacManDreaming: Or letting the Democrats in congress throw billions of dollar at their pet projects

Pet projects? What pet projects? Fun Fact regarding earmarks in the Omnibus bill: It took 57 democrats to spend the same amount on earmarks as 42 republicans.

From My Comments Yesterday: Link (new window)

According to that [link provided in previous thread], he promises to cut them to 1994 levels, which is approximately $8 billion a year. So, of course, if this bill passes that will eat up any remainder to help him keep the promise. (Assuming he signs it).

However, this year will be a spending year, so look to many promises being fulfilled next year anyways.

cameroncrazy1984: Pet projects? What pet projects?

Next time, RTFA:

"White House budget director Peter Orszag says the Obama administration isn't happy with the billions of dollars aimed at lawmakers' pet projects - also known as earmarks."

cameroncrazy1984: Fun Fact regarding earmarks in the Omnibus bill: It took 57 democrats to spend the same amount on earmarks as 42 republicans.

So, what you're saying is that it's OK for 57 Democrats to f*ck up as bad as 42 Republicans? Hope and change at last....

Maybe he realizes he has more important things to work on than something that eats up less than 1% of the budget each year.

wahhhhhH!!!!!!

Obama hasn't fixed the system yet!! WAAAAHHHH!!! he's had almost TWO MONTHs to undo the damage of the last thirty years and HE HASN'T!!!!

WAAAAAAHHHHH.......~!!!!!!


/keep it up, conservatives. Please. Watching someone who PUT THE EARMARKS IN THE BILL (Bohener) biatching about earmarks...is awesome.

I like how Republicans are so pissed that he hasn't fixed stuff that they farked up.

GAT_00: I like how Republicans are so pissed that he hasn't fixed stuff that they farked up.

Ding ding ding ding, it's all over in the first round folks.

GAT_00: I like how Republicans are so pissed that he hasn't fixed stuff that they farked up.

I like how Fark Liberals forget Democrats are the ones who enabled Freddie Mac and Fannie May cause all the shiat that's happening now, yet still think it's all the Republicans' fault.

PacManDreaming: I like how Fark Liberals forget Democrats are the ones who enabled Freddie Mac and Fannie May cause all the shiat that's happening now, yet still think it's all the Republicans' fault.

That's because, for the most part, Fark Liberals rely on [Citations]. In your case, one is [Needed].

sloppy shoes: That's because, for the most part, Fark Liberals rely on [Citations]. In your case, one is [Needed].

Here's one of several hundred [Citations] that can be found on Google. (^)

PacManDreaming:
Here's one of several hundred [Citations] that can be found on Google. (^)

But here's the thing: Fannie and Freddie had nothing to do with the explosion of high-risk lending a few years ago, an explosion that dwarfed the S.& L. fiasco. In fact, Fannie and Freddie, after growing rapidly in the 1990s, largely faded from the scene during the height of the housing bubble.

Partly that's because regulators, responding to accounting scandals at the companies, placed temporary restraints on both Fannie and Freddie that curtailed their lending just as housing prices were really taking off. Also, they didn't do any subprime lending, because they can't: the definition of a subprime loan is precisely a loan that doesn't meet the requirement, imposed by law, that Fannie and Freddie buy only mortgages issued to borrowers who made substantial down payments and carefully documented their income.

So whatever bad incentives the implicit federal guarantee creates have been offset by the fact that Fannie and Freddie were and are tightly regulated with regard to the risks they can take. You could say that the Fannie-Freddie experience shows that regulation works.

In that case, however, how did they end up in trouble?

Part of the answer is the sheer scale of the housing bubble, and the size of the price declines taking place now that the bubble has burst. In Los Angeles, Miami and other places, anyone who borrowed to buy a house at the peak of the market probably has negative equity at this point, even if he or she originally put 20 percent down. The result is a rising rate of delinquency even on loans that meet Fannie-Freddie guidelines.Link (new window) (or http://www.nytimes.com/2008/07/14/opinion/14krugman.html if Fark deletes it).


People who blame Fannie and Freddie for this crisis and downturn no nothing about the problems.

sloppy shoes: People who blame Fannie and Freddie for this crisis and downturn no know nothing about the problems.

Wow. FTFM. Time to go eat, apparently I'm losing it right now.

PacManDreaming: cameroncrazy1984: Pet projects? What pet projects?

Next time, RTFA:

"White House budget director Peter Orszag says the Obama administration isn't happy with the billions of dollars aimed at lawmakers' pet projects - also known as earmarks."

...

So did Orszag say "pet projects" or "earmarks"? It's not clear from the article.

what_now: /keep it up, conservatives. Please. Watching someone who PUT THE EARMARKS IN THE BILL (Bohener) biatching about earmarks...is awesome.

Those weren't earmarks, they were... Freedom Allocations!

sloppy shoes: Fannie and Freddie had nothing to do with the explosion of high-risk lending a few years ago,

Of course not. Just because they've been doing it for the last 14 years doesn't mean they had anything to do with high risk lending for the last few years.

Nothing to see here.

No better time to start fixing Washington than right now next year!

GAT_00: I like how Republicans are so pissed that he hasn't fixed stuff that they farked up.

Win/This/Ding/Zing.

PacManDreaming [TotalFark] 2009-03-08 12:51:34 PM


sloppy shoes: That's because, for the most part, Fark Liberals rely on [Citations]. In your case, one is [Needed].

Here's one of several hundred [Citations] that can be found on Google. (^)


It's no secret that the repackaging of mortgages by Fannie and Freddie was a major driver in the mortgage crisis, enabling investment banks to take on additional risk.

However, in the period Barone is talking about, Barney Franks' work was done. Most of the damage was done by 2005, the cow was out of the barn, with Barney, Phil Gramm, Dodd and others holding the door open from 1995-2005,
and both presidents looking the other way. Barney Frank is what you get when a Marxist with a brain made of cottage cheese maneuvers his way into managing financial services he has no hope of understanding, so that he can ensure that social justice is rendered.

/this is the guy who supposedly didn't know that his own home was the epicenter of a gay prostitution network, and he's regulating banks.

GaryPDX: Mordant: So far you're doing just great, by the way. America loved you guys when you were snotty little pricks who screamed and never offered solutions... so keep going with that.

lol..two words describe Liberal solutions, "Hope" and "Change". No one ever bothered to define that. Here we are, everyone got it. And more to come, take out your wallets, you and your great grandchildren.

Yes, we can!!

Like the Republicans were any better when they were in power.

GaryPDX: Gee..never saw that coming.

These crazy Republicans on here. Always coming up with the most original stuff! You just never know what you will see next!

PacManDreaming: I like how Fark Liberals forget Democrats are the ones who enabled Freddie Mac and Fannie May cause all the shiat that's happening now, yet still think it's all the Republicans' fault.

How the hell did this bullshiat talking point get started anyway? If this was all just Fannie and Freddie, how does that translate to the banks dying? Or, this could all be because Republicans removed regulations on the derivatives market that let banks make thousands of bullshiat loans.

GAT_00: I like how Republicans are so pissed that he hasn't fixed stuff that they farked up.

I like how farkers forget that the democrats have controlled congress for going on 3 years.

Lenny_da_Hog: GAT_00: I like how Republicans are so pissed that he hasn't fixed stuff that they farked up.

Win/This/Ding/Zing.

Yep. I can't believe people thought as soon as Obama got into office everything was gonna turn around immediately. We've been screwed so hard by politicians for the last several years that I'll be amazed if we see any real change by the time Obama's first term is over. His biggest obstacle, for being elected to a second term, is gonna come from all the fickle voters who haven't seen "Hope and Change" four years from now.

PacManDreaming: So, what you're saying is that it's OK for 57 Democrats to f*ck up as bad as 42 Republicans? Hope and change at last....

THIS.

All the Farklibs can do is point at Republicans. What they don't seem to understand is that this is not a zero sum game. Proving that there are incompetent Repubs does not make the Dems look better. And right now, Obama is looking like the guy riding a unicorn into the sunset. If I hear him talk about responsibility again while he's tossing around billions to pet dem projects, I'll puke.

Skorkles: These crazy Republicans on here. Always coming up with the most original stuff! You just never know what you will see next....(year!)

FTFY

/snarky, I know.

GAT_00: How the hell did this bullshiat talking point get started anyway?

Been under a rock or something the last year or so?

Spanky_McFarksalot: GAT_00: I like how Republicans are so pissed that he hasn't fixed stuff that they farked up.

I like how farkers forget that the democrats have controlled congress for going on 3 years.

...and that Bush never picked up a veto pen until those last two years.

Skorkles: GaryPDX: Gee..never saw that coming.

These crazy Republicans on here. Always coming up with the most original stuff! You just never know what you will see next!

Quiet, he might tell us that we're not Venezuela.
/if he already has, my bad, I blocked him. Too much WHA, not enough RRGARBL to keep me amused.

President Obama's budget chief says wait until next year.

Wait Orszag is a Cubs fan?

PacManDreaming: Yep. I can't believe people thought as soon as Obama got into office everything was gonna turn around immediately. We've been screwed so hard by politicians for the last several years that I'll be amazed if we see any real change by the time Obama's first term is over. His biggest obstacle, for being elected to a second term, is gonna come from all the fickle voters who haven't seen "Hope and Change" four years from now.

There are a lot of people, including me, who were hoping against hope that Obama would actually change the way things are done, which means distancing himself from the Pelosi machine.

Instead, he immediately bought into the Dem party line of "any spending is stimulus" and made some moves that sent the stock market into free fall. Of course, Rahm is probably rubbing his hands together thinking that it presents even more opportunities to sell the public on even more spending, on even more social programs labeled as "stimulus". this money allocated to block grants and handouts to people who pay little or no taxes should be held in reserve for the FDIC and help for the recently unemployed. One of many critical errors that Obama has made in following Pelosi's lead.

Like it or not, Obama is going to take the historical rap for poor decisions, lack of honest leadership, and an inability to assemble an effective team. The buck stops there.

Lenny_da_Hog: Spanky_McFarksalot: GAT_00: I like how Republicans are so pissed that he hasn't fixed stuff that they farked up.

I like how farkers forget that the democrats have controlled congress for going on 3 years.

...and that Bush never picked up a veto pen until those last two years.

Now, now, he vetoed a bill in September 2006 that would have let science takes its course and attempt to cure diseases and other liberal shiat like that.

Mordant - I've observed that if any party is the "snotty little pricks" party it's the one that likes to feel "progressive" while wanting to oppress anyone who disagrees with their juvenile world view.

Sad as this is to say, I think Pelosi had the best idea. For all their whining and biatching about earmarks, the GOP has stuffed as much pork in the bill as Democrats. So screw the Republicans--if they don't want earmarks, fine, let theirs die as well and just pass a bill keeping spending at the previous year's level, with earmarks for anyone.

That's ideally what people would like to see, and it would nice to see McConnell, Vitter, et al. see their pet projects die.

RminusQ: Lenny_da_Hog: Spanky_McFarksalot: GAT_00: I like how Republicans are so pissed that he hasn't fixed stuff that they farked up.

I like how farkers forget that the democrats have controlled congress for going on 3 years.

...and that Bush never picked up a veto pen until those last two years.

Now, now, he vetoed a bill in September 2006 that would have let science takes its course and attempt to cure diseases and other liberal shiat like that.

Oh, right. That one time when the moderate Republicans almost got a bill through, but only after pushing that it could have cured Reagan.

GaryPDX: Mordant: So far you're doing just great, by the way. America loved you guys when you were snotty little pricks who screamed and never offered solutions... so keep going with that.

lol..two words describe Liberal solutions, "Hope" and "Change". No one ever bothered to define that. Here we are, everyone got it. And more to come, take out your wallets, you and your great grandchildren.

Yes, we can!!

Didnt a bunch of us get shouted down when we said that a buzzword is nice but show us an actual plan?

And all of these people on the left still think there are only crazies on the right, amazing.

So this is how the game is going to be blamed: Conservatives are going to blame Obama for things that happened while Bush was president. Brilliant. Keep up the great work geniuses. You've been so helpful.

Dil Doe: So this is how the game is going to be blamed: Conservatives are going to blame Obama for things that happened while Bush was president. Brilliant. Keep up the great work geniuses. You've been so helpful.

They've been doing that since election day.

Animatronik: There are a lot of people, including me, who were hoping against hope that Obama would actually change the way things are done

Same here. I don't care who the hell is in office, just so long as they get shiat fixed.