AMERICAN CONSERVATISM IN 2008 AND BEYOND

McGentrix wrote:

Cycloptichorn wrote:

The Community Reinvestment Act was not responsible for the financial crisis. You don't really understand how the crisis happened, do you? Do you even know what the Credit Default-swap market was, Mcg?

Cycloptichorn

More so then you do apparently.

What idiocy. You don't understand the first thing about it, and if requested, you couldn't explain it, not even using basic terms. Otherwise, you would never blame the CRA for this. You've substituted Republican talking points for actual knowledge - Again.

Cycloptichorn

Since I don't want to go back and check the records for each cabinet appointee etc., I will amend my previous statement to include President Bush's judicial appointments only re Democrat filibusters requiring the nuclear option.

Nope.

Why don't you do it for us all to read.

McGentrix wrote:

Nope.

Why don't you do it for us all to read.

I have done so in depth in this thread already; I will hunt for the exact link.

I assert that you have no knowledge of what you speak at all, McG. You certainly haven't displayed any knowledge. You should know better than to challenge me on this, b/c it's just going to lead to the sorts of humiliations you've suffered in the past. You're simply talking out your ass - Again.

Cycloptichorn

Published on Monday, January 10, 2005 by the Hartford Courant (Connecticut)

Quote:

Saying No To Bush Agenda
Democrats United In Desire To Resist White House Tactics
by Dan Balz

WASHINGTON -- As President Bush prepares for his second term, Democrats in Washington and around the country are organizing for a year of confrontation and resistance, saying they are determined to block Bush's major initiatives and thereby deny him the mandate he has claimed from his re-election victory last November.
http://www.commondreams.org/headlines05/0110-04.htm

Judicial Filibuster: Democrats' Clintonian Definition of What a 'Vote' Is
by Sherry and Steven Eros
05/19/2005

Senate Minority Leader Harry Reid speaking for the perfectly unified Senate Democrats advanced their argument during Wednesday morning’s U. S. Senate debate on the first of several planned resubmissions of President Bush’s nominees to appellate court judicial posts, that of Priscilla Owen. The showdown over Owen will shortly be followed by the resubmission of the nomination of Justice Janice Rogers Brown and other Bush nominees to the federal appellate bench. Reid’s presentation was overflowing with misinformation, misleading statements and outright deception. But one intentional distortion was so outrageous that it stands out as bolder and more duplicitous than all the rest.

Justice Priscilla Owen was first nominated to the 5th Circuit Court of Appeals on May 9, 2001. Justice Janice Rogers Brown was first nominated on July 25, 2003 to the District of Columbia Circuit Court of Appeals.

Each of these respected jurists, previously elected to high state judicial office by overwhelming majorities in their respective states, was filibustered in the U. S. Senate by the Democrats and thereby denied the up-or-down vote called-for in the U. S. Constitution, Article II, Section 2 in which the Senate’s advice and consent function is granted.

Democrats invented the filibuster of judicial nominees in 2003, when the previous congress was in session, in order to defeat many of President Bush’s conservative nominees to the federal circuit courts. The filibuster strategy developed out of the Democrats' concern for the fact that Republicans commanded a majority in the Senate and were in a position to approve all the president's appellate-level judicial nominees. As a result of the new filibuster tactic employed by the Democrats, President Bush has had the lowest confirmation rate for such appointments in the history of the U. S.

At issue is whether the Democrats have the right to change procedures that have governed the Senate for over 200 years in acting on judicial nominees, providing for what is known as an up-or-down vote on the Senate floor. By universal assent of every Senator, politician and historian of the Senate, never in U. S. history has approval of judicial nominees required anything more than a simple majority of 51 votes in the Senate. Not even those Senate Democrats who are most opposed to President Bush’s allegedly "out-of-the-mainstream onservative nominees" are proposing that the simple majority requirement be upped to a supermajority.

Instead, the Democrats have circumvented the existing simple majority requirement through a legislative maneuver, using a technicality in the Rules of the Senate (# XXII) allowing for unlimited debate on all legislative matters, termination of which requires a three-fifths vote of the Senate (60 out of 100 votes). This Senate Rule has never been interpreted as applying to judicial nominees, and no nominee has ever been filibustered who was aknowledged by both parties to command a simple majority support (though cloture votes have been taken as a temporary delaying tactic or when in cases where nominees could not even command simple majority support in such cloture votes). Each and every one of President Bush's nominees blocked thus far by a filibuster is known to have had the simple majority support requisite for approval.
http://www.humanevents.com/article.php?id=7509

Sorry, but I don't want a private company to own the bridge between our two lovely cities.

I would also point out that a bridge of that size and length, in a heavy earthquake risk zone, takes a considerable amount of upkeep in order to operate. Certainly a large portion of the tolls collected goes to upkeep and maintenance.

What private company would have fronted the billions of dollars it would take to build these bridges, George? If they were truly that profitable, you would think that there would be private industries lining up to do such projects and tons of investors looking to put their money into it. I don't see a lot of evidence of this.
Cycloptichorn

Thu 26 Mar, 2009 11:56 am - And she still wants to show she's more right than wrong. She'll shift the meaning of her earlier statements to fit what she wants it to mean even though she paints with a big brush at the... (view)

Thu 26 Mar, 2009 10:39 am - That Foxie still doesn't know that the GOP used the filibuster to stop legislation during the last two years of Bush's tenure is quite telling. She argues from a base of ignorance. ... (view)

Thu 26 Mar, 2009 09:43 am - Gee, Cyclo, just another case of Foxie contradicting herself. Why do you bother? ... (view)

Wed 25 Mar, 2009 08:36 pm - okie, The sky is falling! All fear mongering and no solutions provided in your "piece" of **** from FOX News. ... (view)

Wed 25 Mar, 2009 07:12 pm - Cyclo, You're wasting your time trying to have a discussion on the current crisis with anybody who wears a conservative stripe. They are now the "no" party who doesn't want Obam... (view)

Wed 25 Mar, 2009 03:55 pm - Foxie, MACean theories are meaningless. Your definition has no real application to real life. ... (view)

Wed 25 Mar, 2009 02:57 pm - Walter, Some people's doom's day projections have no basis in fact; they are guessing without any background in economics or the workings of capitalism. This is the very first time in ... (view)

Tue 24 Mar, 2009 03:48 pm - Foxie, Do you know the difference between one person's opinion vs supportable facts? Opinions without credible evidence is not worth the paper its written on. ...

Tue24 Mar, 2009 12:55 pm - oe, Excellent strategy; it's gonna backfire of Foxie again! LOL ... (view)

Tue 24 Mar, 2009 12:36 pm - oe, I believe people like ican has a mental deficiency that is not only inconsistent, but is unable to decipher right from wrong. When one side does wrong, they remain quiet, but when the other sid...

Tue 24 Mar, 2009 12:20 pm - ican, Sorry you spent so much time on your post, but I didn't read anything past the first line. Quit wasting your time, because I'm not reading it. ... (view)

Tue 24 Mar, 2009 10:55 am - spendi, What are you afraid of? That you might end up in hell-fire if you don't believe in the jesus myth? ... (view)

Tue 24 Mar, 2009 10:39 am - oe, You should know by now that okie makes all kinds of claims he is unable to back up with facts or evidence. His imagination runs wild, and he expects sane people to accept his gibberish. What ... (view)

Tue 24 Mar, 2009 10:35 am - DTOM, That's like asking them to crucify themselves on the "cross." Their fear exceeds their logic and common sense. ... (view)

Tue 24 Mar, 2009 09:39 am - revel, I would suggest you keep count of how many issues you discuss with Foxie will end up this way. A merry go round comes to mind - over and over and over...... (view)

Tue 24 Mar, 2009 09:26 am - Here again is another example of Foxies' SOP; she's been contradicted and still refuses to acknowledge her own mistake by ignoring the very evidence that refutes her position. ... (view)

Mon 23 Mar, 2009 12:45 pm - It's very interesting to see that Foxie can posts several definitions for "socialism" but still doesn't know its meaning. ROFL ... (view)

Mon 23 Mar, 2009 11:40 am - revel, What I find so amusing about Foxie is that she's able to miss the simplest concepts that runs contrary to her own beliefs. She seems to have a mental block on many issues that leans tow... (view)

Mon 23 Mar, 2009 11:13 am - JM, You speak of when viewed honestly and objectively as if you have the ultimate knowledge to say what that is. You're sounding more like Foxie every day. Is that a MAC thing... (view)

Sun 22 Mar, 2009 05:45 pm - The GOP uses fear to win their case on every important issue that faces our country. How many have they been right on? ... (view)

Sun 22 Mar, 2009 04:50 pm - Your ignorance shows with every post you make. Here are some truisms you need to learn: All cultures have good and bad people. This includes all the races and tribes of this world - past,... (view)

Sat 21 Mar, 2009 04:36 pm - Cyclo, The conservatives are not really conservative in their life choices. They say they are, but they defend to the death all those executives who made the wrong choices to bankrupt their compani... (view)

Sat 21 Mar, 2009 11:12 am - "Unsourced?" Is that your response? Is it too difficult for you to find the source by a little Google search? It's not important enough? ... (view)

Fri 20 Mar, 2009 04:21 pm - okie, Your info are mostly garbage; it has no common sense or reality. You dream up ideas in your own head, and spew them on a2k as if they have some valuable info. Knock yourself out by giving ... (view)

Fri 20 Mar, 2009 03:45 pm - rjb, You're a generous individual to share your land with strangers, but I would recommend that you have liability insurance coverage before you invite them to your property. ... (view)

Fri 20 Mar, 2009 03:43 pm - okie, Nothing by themselves will wean us off of oil/gas. Get real. ... (view)

Fri 20 Mar, 2009 10:59 am - dys, I doubt very much okie sees any "blue sky." He's a demagogue without any real suggestion on how to fix this crisis, but is ready to fault Obama at every point. okie's sug... (view)

Fri 20 Mar, 2009 09:45 am - Cyclo, You have gone beyond reason yourself by asking okie to be "reasonable." I wonder about your common sense and logic. ... (view)

Fri 20 Mar, 2009 08:55 am - okie is immune to embarrassment. Thank god none of my children are that ignorant! ... (view)

Thu 19 Mar, 2009 06:33 pm - Foreign policy of the US is never established during the first two months of any administration - you dummy! ... (view)

Thu 19 Mar, 2009 02:51 pm - Foxie, The real reason you are still "mulling over Saddam ordering the arrest of an al Qaida leader in 2002" is based on your hope of hopes that you'll influence others on a2k to believ... (view)

Thu 19 Mar, 2009 01:15 pm - I'm sure okie never made a mistake in his life, because he thinks he's god, and can question everybody's mistakes. okie is a perfect example of what is called a hypocrite. ... (view)

Thu 19 Mar, 2009 01:01 pm - Poor spendi's life swirls around the local pub and a2k, and he has the chutzpah to speak to us as though his life has any meaning. He'll continue to believe in an afterlife that'll n... (view)

Thu 19 Mar, 2009 12:28 pm - babs, Spot on! Their message of fear has fallen off the cliff, but the 20% or so of conservatives who rely on fear of socialism, taxation, spreading the wealth to the richest amongst us, and Obama, ... (view)

Thu 19 Mar, 2009 10:02 am - McG evidently doesn't want to hear the truth; he can't handle the truth. The best he can do is try to make it into a joke. The jokes on him. LOL ... (view)

http://able2know.org/user/cicerone_imposter/#myRecentPosts

You remember the CRA, don't you? The very thing that lead to so many people getting into homes they couldn't afford which led to foreclosure which led to debt which led to the crisis we are in... So, who is to blame? Congress.

My point was that even members of the EU are starting to talk in more MACean terms.

The United States and the European Union have set out their agendas for financial regulation reform and they look remarkably similar going into an April 2 summit of the Group of 20 leading nations. Skip related content

The London summit will produce broad principles for a global realignment of oversight of world finance amid a severe capital markets crisis that is hammering economies worldwide.

But the United States and the European Union, with 70 percent to 80 percent of the world's capital market between them, will make decisions that will put pressure on the rest of the world to fall in line.

Similarities between EU and U.S. approaches will be welcomed by big banks, hedge funds, and credit rating agencies who want a global approach to replace a patchwork of local rules which impose higher compliance costs.

The EU and the United States will also be keen to avoid major discrepancies in their strategies to stop some market participants from playing a game of regulatory arbitrage by gravitating to the jurisdiction with the least strict rules.

Hedge funds would face a unified, trans-atlantic blast of regulation under proposals being put forth by both the EU and the Obama administration which presented a broad set of reform initiatives at a congressional hearing on Thursday.

U.S. Treasury Secretary Timothy Geithner called for mandatory registration with U.S. authorities of all advisers to hedge funds, private equity funds, and venture capital funds with assets above a level yet to be set. These sorts of funds now are only loosely regulated in the United States.

The U.S. proposal is in line with an anticipated draft EU law to be published on April 21 outlining mandatory registration and reporting requirements.

Both the United States and the EU envision new regulators to oversee "systemic risk," or overall threats to the stability of the financial system and to the health of economies.

Please detail the 'straw man' I am arguing against. Are you claiming you didn't mention the CRA as the cause of the financial crisis?

You didn't say these words?

Quote:

You remember the CRA, don't you? The very thing that lead to so many people getting into homes they couldn't afford which led to foreclosure which led to debt which led to the crisis we are in... So, who is to blame? Congress.

I could swear that you did. And these words are completely false, and display a great deal of ignorance on your part.

Cycloptichorn

Studies Rebuff Charges of CRA Complicity in Financial Crisis
by Robert Kropp

Attempts by some conservatives to link the Community Reinvestment Act to predatory mortgage lending are shown to be misleading and often false.

...



In a study entitled "The Community Reinvestment Act: A Welcome Anomaly in the Foreclosure Crisis," Traiger & Hinckley found that in keeping with its mission, the CRA actually deterred irresponsible lending. Banks subject to CRA requirements were 66 percent less likely than other lenders to originate a subprime mortgage loan, and 58 percent less likely to originate subprime loans to low- and moderate-income borrowers, even though CRA banks were 16 percent less likely than other lenders to deny a loan application.

Furthermore, according to the report, when CRA banks did issue subprime mortgages, the average annual percentage rate was significantly lower than on similar loans from other lenders. And perhaps most importantly, CRA banks were more than twice as likely as other lenders to retain originated loans in their portfolio, as well as significantly more likely to retain loans they originate in their CRA assessment areas than non-CRA banks.

The Bush Administration is not responsible for THE DECLINE OF THE USA’s FINANCE INDUSTRY. Bush warned the Democrats about this pending mess multiple times, and multiple times the Democrats chose to ignore him.