“So now the libs have to justify Clinton's economic good times as a fraud.”

What? Not a chance! The economy under Clinton was legitimate good times, not a fraud at all. I know how much it irks republicans that Clinton left a huge surplus that was then squandered but, really, that's not my fault.

Blaming the CRA for the meltdown is just silly and demonstrates either a lack of understanding of the problem or an intentional disregard for the facts.

The problem is with credit default swaps. CD swaps are the notorious credit derivatives that are at the heart of the credit crunch. Essentially insurance policies that are bought and sold by financial institutions aiming to protect against bond defaults, they comprise a relatively new market that has grown in recent years from $144 billion ten years ago to $62 trillion this year.

It was the defaulting of CD swaps that bankrupted Freddie, Fannie, Lehman, Bear Sterns and AIS. Look it up. Google SEC Chairman Christopher Cox, you'll get hundreds of stories of him expressing his alarm at unregulated CD swaps.

Look at his testimony to Congress a couple of weeks ago: “It's also important to note that legislation has expressly excluded CDS from regulation even of the most modest kind, such as disclosure, and the lack of disclosure, the lack of transparency, around this market is one of the reasons that we as a law enforcement agency, but also market participants, are very, very concerned about this.”

What? “... legislation has expressly excluded CDS from regulation even of the most modest kind...”???

What legislation is that?

The Commodity Futures Modernization Act of 2000 introduced by former Senator Phil Gramm, McCain's top economic adviser. And who voted for it? Every republican and one democrat.

Oh BTW, I've never claimed superior intelligence for the liberal press, nor would I. They're just better informed.

Here are your words, robert, when you weren't engaging in adolescent name calling:

"but when they get in power and have to make decisions and act responsibly, you get an administration like Carter or Clinton. "

Soo, Robert, two easy questions for a "productive person AKA republican"

1: How responsible, financially, has the executive branch of the last 8 years been?

2: IF 8 years of responsible, sound GOP policy have done the opposite of balancing a federal budget, how many terms of supply side budgeting will it take? How many McCain terms will it take for these "proven" conservative economic strategies to actually work?

"Why doesn't CNN have balance?"

When I watch Glenn Beck tonight on CNN, I'll phone in that question LOL

If the New York Times is such an un credible news source, why is Sarah Palin quoting them in her rehearsed stump speeches? That doesn't make much sense, does it?

beacause boneheads like you and your liberal friends eat that stuff up!

"The truth is incontrovertible, malice may attack it, ignorance may deride it, but in the end; there it is".
Winston Churchill

Sarah Palin, the republican VP nominee, quotes the New York Times because liberals eat it up? WWWOOOOOOWWWW! You think we are taking Sarah "I can see Russia from here" Palin seriously on any level? Drink some water friend. You're making less sense than paper machete rain coats.

Call me a bonehead to my faces

Well, either way the wannabe diva admitted multiple personalities.

Why would anyone wear paper machete, rain or shine? FYI--a machete is a large knife used to cut sugar cane, etc. Now I think Hack would have known this! I think you might have meant papier mache',made from wet paper and glue or some other binding material, and usually adhered to a form and then removed when dry.

For Palin it makes sense. Wink, Wink...

Of course newspapers are biased towards liberals. How could it be otherwise for people who study national and world affairs every day, are the most knowledgeable, and gather facts and write about them for a living?

"The truth is incontrovertible, malice may attack it, ignorance may deride it, but in the end; there it is".
Winston Churchill

..."people who study national and world affairs every day, are the most knowledgeable, and gather facts and write about them for a living?".

Good one, I'm still laughing!!!!

"The truth is incontrovertible, malice may attack it, ignorance may deride it, but in the end; there it is".
Winston Churchill

Even though not a newspaper, CNN is a liberal show that is committed to getting Obama elected.

They've been trying to convince us for almost a year that our economy is in trouble just to hurt McCain and republicans. Wait a minute.... Something is just popping up on my financial news home page........

ummmm... never mind.

Say what you will, but, this paper is worth every penny you pay for it.

I yam what I yam....Popeye

The Citizen is the most biased paper in Fayette. Try writing an anti Steve Brown or Nicole File letter. They will not be posted in the paper. Try saying good things about any politician Cal disapproves of, it will not be printed. I know I tried.

Ummm, only becuase you and about ten other "anonymous" posters share the same ip address......Congrats to you and some of your liberal friends for your more "creative" names you came up with. The writing styles are always the same.....nice try.

Hey if bonker$, $age, $dollar, d.$mith and nitpicker$ can get away with it, everybody should be able to do the same...right?

You wouldn't make a very good detective.
The "same" IP address does not mean that the same individual uses that same computer!
Think about it! Several people log in on this one.

Several people might log in on your computer, but the same one does all the typing.

I yam what I yam....Popeye

Don't get defensive, most of us love all of the different characters some of you come up with. Its very entertaining.