114
   

Where is the US economy headed?

 
 
Cycloptichorn
 
  0  
Reply Tue 20 Apr, 2010 04:47 pm
@ican711nm,
ican711nm wrote:

The bill to fix Fanny & Freddie was reported out of committee. There was a threat by the Democrats to filibuster.


Provide evidence of this.

Cycloptichorn
ican711nm
 
  2  
Reply Tue 20 Apr, 2010 04:52 pm
@Cycloptichorn,
Cycloptichorn, provide evidence that:
(1) The 2005 bill to fix Fanny & Freddie was NOT reported out of committee. (2) There was NOT a threat by the Democrats to filibuster it.
Cycloptichorn
 
  0  
Reply Tue 20 Apr, 2010 05:01 pm
@ican711nm,
ican711nm wrote:

Cycloptichorn, provide evidence that:
(1) The 2005 bill to fix Fanny & Freddie was NOT reported out of committee. (2) There was NOT a threat by the Democrats to filibuster it.



You don't have a prove a negative; the burden of proof lies upon he who makes the affirmative assertion in a debate.

YOU are the one asserting that the Democrats are responsible for holding up the bill in question, YOU provide evidence that they did so. The truth is that the GOP was in charge of the Congress at that point and they could have passed the bill if they like - yet they did not, just like they didn't pass ANY of these bills that were put forth in 2003.

The ONLY bill changing the way that Fannie and Freddie were overseen was sponsored and written by Democrats, passed by the Democratic-ran house in 2007, and signed into law in 2007. Funny how for 12 years the Republicans ran the place and couldn't get it done, but the Dems did in the first year they were in charge - it really blows a hole in your theory as to who was responsible for holding up reforms.

In the absence of your evidence, there is no reason to believe that the Democrats 'threat' to filibuster the bill is what held it up. Not only that, but if the Republican leaders were too pussy to bring a bill forward due to a mere threat of a filibuster, then THEY are responsible for the bill not being put forward.

Cycloptichorn
realjohnboy
 
  3  
Reply Tue 20 Apr, 2010 05:15 pm
@Cycloptichorn,
I can find this regarding S-190 which was legislation "To regulate Fannie and Freddie." It never got out of committee.
"Last action (7/28/2005): Committee on Banking, Housing and Urban Affairs.
Status: Dead."
The committee at the time consisted of 11 Republicans and 9 Democrats.

Is any of that wrong, Ican? Can you point to some other bill that made it out of committee and was filibustered by the Dems?
0 Replies
 
ican711nm
 
  1  
Reply Tue 20 Apr, 2010 06:10 pm
Quote:
ican711nm wrote:
A bill was brought forth by the Republican Congress in 2005 to prevent the damage threatened to be done to the economy by Fannie & Freddie. Unfortunately, the Republicans had only 55 votes in the Senate, and were subject to unanimous Democrat opposition--including Barack Obama's. Republicans required 60 votes to end the Democrat's threat to filibuster the bill.

Blaming this failure to correct Fannie & Freddie on the Democrats is true and correct and observes the truth that the Democrats were personally responsible for the failure of Congress to rectify Fannie & Freddie as President Bush repeatedly recommended.

The failure to ever rectify Fannie & Freddie caused America's present recession, and continues to cause its continuation!

Quote:
Cycloptichorn wrote:
The bill was never reported out of committee. There was no threat to filibuster; ...

Quote:
ican711nm wrote:
The bill to fix Fanny & Freddie was reported out of committee. There was a threat by the Democrats to filibuster.

Quote:
Cycloptichorn wrote:
Provide evidence of this.

Quote:
Ican711nm wrote:
Cycloptichorn, provide evidence that:
(1) The 2005 bill to fix Fanny & Freddie was NOT reported out of committee.
(2) There was NOT a threat by the Democrats to filibuster it.

Quote:
Cycloptichorn wrote:
You don't have a [sic] prove a negative; the burden of proof lies upon he who makes the affirmative assertion in a debate.

Cycloptichorn, you repeatedly use this false claim to avoid your responsibility to provide evidence to support your claims. It is a stupid claim.

The following quote is my evidence to support my claims:
(1) The bill to fix Fanny & Freddie was reported out of committee;
(2) There was a threat by the Democrats to filibuster.
Quote:

http://getsgreased.blogspot.com/2008/09/s-190-federal-housing-enterprise.html
S. 190 - “Federal Housing Enterprise Regulatory Reform Act of 2005”

On January 26, 2005, hoping for a different result in the new congress, Sununu, Hagel, and Dole re-introduced legislation (S. 190) to improve oversight of Fannie Mae and Freddie Mac. The bill incorporated many provisions of the Sununu, Hagel, Dole legislation from the prior congress. It passed out of the Committee on another party-line vote of 11 " 9 on July 28, 2005. But again, without a single Democrat vote, the bill was doomed if brought to the floor for the critical 60-vote cloture.

In May 2006, John McCain signed on as a co-sponsor of the stalled bill, in the hopes of gathering more co-sponsors and getting a vote in the 109th Congress before the bill would die. McCain would state, “I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190,to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.” The bill did not obtain any of the necessary support from the Democrats, and once again, the bill died when the 109th Congress ended.

Also see the Wall Street Journal, Tuesday, April 20, 2010, page A21:
"Fannie and Freddie Amnesia" by Peter J. Wallison
plainoldme
 
  -1  
Reply Tue 20 Apr, 2010 06:34 pm
@old europe,
I am so sorry that we have to be subjected to okie's level of ignorance. The taliban is like the fascists? While both are destructive, the Taliban has little to do with controlling production although both the Taliban and the American right are given to hate crimes and religious fundamentalism.
plainoldme
 
  -1  
Reply Tue 20 Apr, 2010 06:36 pm
@Cycloptichorn,
Like tell you that you are a fascist. Oh! I'm sorry, I mixed okie up with David! Okie will ask you what your fascination with Communism is all about.
0 Replies
 
plainoldme
 
  -1  
Reply Tue 20 Apr, 2010 06:41 pm
@Cycloptichorn,
Now, the Republicans could have passed a health care when that "compassionate conservative" resided in the WH. Like the hypocrites and sadists they are, they enjoy the suffering of the masses.
0 Replies
 
ican711nm
 
  1  
Reply Tue 20 Apr, 2010 06:46 pm
@ican711nm,
Evidence is required for negative as well as positive claims.

For example:
(1) Some scientists chose to provide significant evidence that their claim is true that the earth is NOT the center of the universe!
(2) Some economists chose to provide significant evidence that their claim is true that federal tax revenues will NOT increase if income tax rates are increased to greater than 50%.
0 Replies
 
ican711nm
 
  1  
Reply Tue 20 Apr, 2010 06:57 pm
@plainoldme,
The Taliban controls the production of opium poppy plants (Papaver somniferum) in Afghanistan.
realjohnboy
 
  2  
Reply Tue 20 Apr, 2010 08:07 pm
I find it interesting that we can all due our research on the Senate Bill #190 from 2005. It got killed in the Republican controlled committee by a wide margin, or maybe it was a narrow margin. Or maybe it made it to the floor where the Dems did the filibuster thing.
I am curious as to how, when we take the time to research this one bill involving Fannie and Freddie, we can find so many different stories about what the outcome was.
plainoldme
 
  0  
Reply Tue 20 Apr, 2010 08:38 pm
@ican711nm,
Sounds like an activity that the right would fund.
0 Replies
 
okie
 
  1  
Reply Tue 20 Apr, 2010 09:42 pm
@georgeob1,
georgeob1 wrote:

okie wrote:

Exactly and 100% correct, ican, and the leftists on this forum cannot deny facts. Hitler was a leftist, absolutely no doubt, and absolutely undeniable, unless of course you are a leftist and you cannot face reality. I am starting to come to the conclusion that such people cannot be reasoned with. They simply must be defeated politically. The real question boils down to this, are there enough people left that can reason, that still understand the constitution, that will stand up and be counted and vote for freedom and liberty, and personal responsibility, that is the question?


No, Hitler was instead a fanatic who embraced intense beliefs surrounding the supposed cause of German political and economic setbacks during and after WWI, later assigning blame to a worldwide conspiracy of Jews.

Nothing you just said in the above disagrees with what I have asserted. Hitler was a fanatic, yes I agree, and he used political and economic setbacks to further his cause. But even you, George, must admit that he demonized Jews in large part for their capitalistic greed, come on, it is part of history. That is a leftist mantra, and it is going on right now in this country, the demonization of capitalism and the greed of corporations, surely you must read the news. Obama himself is engaged in that very thing, and surely you would never claim it is because of Obama's conservative or right wing politics. Such is clearly the mantra of left wing politics.
Quote:

He was an authoritarian who created a cult of his person, and who cynically used both socialistic and capitalist ideas to advance his causes. Like most tyrants, of both the left and the right, he was skilled at diverting public resentments toward "enemy groups" and using socialist sounding rhetoric to foster public hopes ... all to create uncritical belief and acceptance of his tyranny.

Sure, he created a cult of his person, which is typical of most leftists, they create a false hope of some kind of utopia, based upon some nebulous socialist vision based upon the unrealities of the world. And you are exactly correct in the fact that socialist sounding rhetoric is commonly used, but you seem to be defying your own logic, because clearly socialist rhetoric is leftist in nature, not conservative or right wing.

Quote:
You persistently confuse the spectrum social and economic theories of the left and right with that of freedom and tyranny. They are in fact orthogonal. There are and have been capitalist and socialist tyrannies in this world as well as capitalist and socialist democracies that preserve the freedoms of their citizens. Examples abound: you just refuse to see them.

Absolutely not. What I have done is cut to the chase and get to the basic root of the debate here by identifying Hitler for what he was and identifying leftist traits and idealogies. Hitler was not freedom based, he was socialist based and he was Statist based, plain and simple. George, free market based capitalism cannot exist in a tyranny, it by definition must have freedom to operate. Socialism, as it progresses from mild to extreme, by definition must and will replace freedom with tyranny. I think you are the one refusing to see and admit to the realities of political beliefs and systems, George. I am not denying that mild forms of socialism can exist without tyranny, and in fact any government has a degree of socialism, because after all we must agree to a minimum set of norms for a society and for a government, but as the socialism tightens, it will by definition have to take away more and more freedom and replace it with tyranny, or with leftist philosophy.

Bottom line, if you look at the Nazi points or platform, the vast majority of it is leftist in nature, there is just no denial of that fact of history. The primary difference Hitler had with communists was that he wanted his socialism or leftism to apply only to Germany, his was a nationalistic form. He did not agree with the communist or Marxist philosophy of eventually engulfing the entire world with their world vision of utopian socialism or communism. But this fact does not distinguish Hitler's philosophy as being non-leftist, it only meant that his leftism was a nationalistic form of it.
H2O MAN
 
  0  
Reply Wed 21 Apr, 2010 08:20 am


When will the Obama administration do anything that will actually help the US economy?

15+ months in office and Obama has totally ignored the serious economy and unemployment issues that this country is currently facing.
0 Replies
 
plainoldme
 
  0  
Reply Wed 21 Apr, 2010 08:29 am
@ican711nm,
Yeah, probably with the help of the American right.
0 Replies
 
plainoldme
 
  -3  
Reply Wed 21 Apr, 2010 08:31 am
@realjohnboy,
When I was studying journalism, both in high school through workshops and later as a journalism minor in college, it was always stated that if you went looking for scandal or evidence of wrong-doing, you would find it, but, if you went looking for the story in all its facets, you would also find that.
0 Replies
 
plainoldme
 
  -1  
Reply Wed 21 Apr, 2010 08:33 am
@okie,
Ah! Okie has been voting up his own skewed posts again . . . no one else reads his gibberish all the way through.
maporsche
 
  3  
Reply Wed 21 Apr, 2010 08:45 am
@plainoldme,
Every time you reply to his post, you automatically give it a +1 thumbs up.

He can't vote up his own posts.
0 Replies
 
parados
 
  1  
Reply Wed 21 Apr, 2010 09:15 am
@ican711nm,
http://thomas.loc.gov/cgi-bin/bdquery/D?d109:79:./temp/~bdnd5q:@@@L&summ2=m&|/bss/d109query.html|#major%20actions

(Edit -Link won't work, cut and paste the entire string to browser)


I guess someone should tell Congress this bill was passed in committee by an 11-9 vote because their official records show no such thing. It looks like someone is relying on nothing more than wishful thinking.
0 Replies
 
H2O MAN
 
  0  
Reply Wed 21 Apr, 2010 09:16 am

One sure fire way to make the US economy grow is to consolidate
and reduce the size of government in conjunction with cutting taxes.

Do this at the local level and we all become a little less dependent
on the bloated, out of touch federal government.
0 Replies
 
 

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