Obama supporters why do you blame the Republicans for the financial situation when it was the Democrats who ?

Query by Green Eyed Gila: Obama supporters why do you blame the Republicans for the financial situation when it was the Democrats who ?
voted against legislation in 2005 that would have prevented some of the mess we see right now?
“I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for fast passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the huge threat that Fannie Mae and Freddie Mac pose to the housing market place, the all round financial program, and the economy as a complete.”

(A bill that attempted to fix the fiasco signed into legislation in 1992)

And do the folks who took out mortgages for loans they could not afford also not bare any responsibility?
http://www.govtrack.us/congress/bill.xpd?bill=s109-190&tab=summary
Ten Points to the first Democrat that tells me which Republican said the above quote.

Ideal answer:

Answer by John McCain
You tell em boy! Like I said, the fundamentals of the Economy is robust! I’ve got 7 property to prove it!

Ohhhhh Ciiiiiiiiiindy… Will ya bring me the Ben-Gay please. I’ve got an ache in my shoulder that is hurtin like a son of a B*&%$ @!

Give your answer to this query below!

Is this the legacy of Ronald Regan, the Republicans, and the GOP?

Query by BigBubbaLove: Is this the legacy of Ronald Regan, the Republicans, and the GOP?
http://finance.yahoo.com/profession-work/write-up/107069/spend-dirt-the-executive-spend-technique-is-broken?mod=profession-salary_negotiation

The Regan Administration took away the majority of restrictions on corporations. This led to rampant corruption at the corporate level and unreasonably huge CEO compensation.

Right here is a quote from the write-up

“It wasn’t usually like this.

From the Excellent Depression until the late 1980s, CEO spend levels stayed pretty continuous. Adjusted for inflation, a CEO in 1988 earned as significantly as one did in 1934, according to analysis published in 1990 by Michael Jensen and Kevin Murphy. ‘We are confident that the causes are systemic,’ they wrote. With no ‘the creation of a new regime in compensation practice’ far more organizations could get into trouble because of skewed incentives, they added.

So why has CEO spend surged so drastically since the late 1980s? A lot of authorities blame the following: Golden parachutes, annual stock-choice grants, peer-group comparison surveys and reaction to new government regulations.

The two compensation experts re-visited the problem in 2004 in the wake of the Enron scandal and concluded that factors had changed “substantially” for the worse.”

So the query.

Is this entire monetary crisis the outcome of “Reganomics”? Of rewarding the wealthy and expecting to have the billions of excess CEO compensation trickle down to the typical worker?
Bill G.

That is not how a free of charge market is supposed to work. A cost-free industry is based on provide and demand, not CEO compensation and corporate bonuses. Besides, if you study the post, you would comprehend that the problem is systemic. All CEO’s do this, thus, it is impossible to quit acquiring their items as you recommend.
To all,

I refer to Reganomics, or the economics of rewarding the rich with the belief that they will bring up the rest of the nation.

OH, and by the way. That neighborhood reinvestment act which you trumpet so loudly by no means triggered this dilemma. That act accounted for less than 2% of the total bad loans given by banks. Stop blaming the poor on the problems the wealthy triggered. The problem was that CEO’s had as well a lot incentive to dish out loans. This result in them to leverage a lot more than they had. They did this so they could get their golden bonuses.

Sorry. I am proper! And so is Warren Buffet, who argued this extremely very same thing.

Best answer:

Answer by Atheist in the Foxhole
Reaganomics sucked then, and they suck now.

What do you consider? Answer beneath!

Mortgage Crisis-Is it the fault of Democrats or Republicans. Why?

Question by SmooveB: Mortgage Crisis-Is it the fault of Democrats or Republicans. Why?

Best answer:

Answer by delphi
I think there is lots of blame to go about. The Republican trickle down economics and deregulation sure got the ball rolling.

Know better? Leave your personal answer in the comments!

Do you feel republicans were the ones that permitted Fannie Mae to go unregulated? ?

Question by Steve C: Do you think republicans have been the ones that allowed Fannie Mae to go unregulated? ?
Please watch the following video, and see which celebration was truly allowing Fannie Mae to go unregulated and which celebration was warning about the potential problems.

http://www.youtube.com/watch?v=_MGT_cSi7Rs

Ideal answer:

Answer by out2lunch4now2
Which celebration has been “in handle” of Congress for the final 2 years? I heard John McCain warn about this collapse three years ago. John McCain is from which party? Try once again.

Add your personal answer in the comments!

Seeing as how Republicans got us in this mess, should they be taxed at a greater rate to spend it off?

Question by Who’s Your Daddy Now: Seeing as how Republicans got us in this mess, ought to they be taxed at a higher price to pay it off?

Best answer:

Answer by Philip McCrevice
Funny.

Dems had been in handle of Congress when the economy tanked.

In fact, when Republicans had been in charge of Congress, we were cruising financially. Despite the loans to the dem voter base that ought to never ever have been allowed.

Know far better? Leave your own answer in the comments!