A RW dittohead at work today

[SHRED]

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I overheard him talking that the current financial meltdown was due to over regulation and that the government "forced" lenders to give bad home loans out.

I shit you not.

Where the hell did he get this?
Is this what the RW talkshows and FAUX are spewing out?

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[firedupdem]

1. They will come up with anything to support the bullshit situation

they have put this country in.

[d_b]

2. lol oh fudge. That's a good one.

[Webster Green]

3. Opposite World inhabitants are truly amazing..

Everything in their world is 180 degrees out of phase with reality. :crazy:

[kevinmc]

4. A RW dittohead ..... must have heard it from the Dittohead King ..... n/t

[OmahaBlueDog]

5. I've heard this meme before

It's a righty talker pushed notion. Bill Clinton, to hear it told, passed legislation to make it easier for peoplewho had no business buying houses to get mortgages. Then, so the tale goes, the Clinton government put intense pressure on lenders to make these unsound loans.

I don't know when the Clintons had time to do any of this .. what between Monica, covering up for the Vince Foster murder, murdering all their other political opponents, and running a huge drug dealing operation in Arkansas. To me, the notion that they even had time to think about banking is mind boggling. Of course, maybe David Rockerfeller and the Tri-Lateral commission advised him on this ;-)

[Selatius]

8. It's born from the repeal of the Depression-era Glass-Steagall Act.

That act prohibited investment banks from owning commercial banks, the banks that give out mortgages in the first place. It was repealed under Clinton. That much the Republicans will say. What they fail to mention is that a president cannot repeal something without Congress sending him a bill to do that...a Republican-controlled Congress in this particular case. You can thank Phil Gramm for being the principle architect of that move at repealing that protection.

[OmahaBlueDog]

13. I actually did know that. I was simply telling the story the way the rightys tell it

You are correct... they always leave out Phil Gramm's involvement, or the fact that many of the very banks and insurance companies being bailed out pushed this as the mother of all great ideas.

[BuyingThyme]

14. That 1999 repeal was passed overwhelmingly.

Had Clinton vetoed, they probably could have overridden.

One Senator voted present. That Senator was John McCain.

[Selatius]

6. Did you bother to correct him? You should mention how the Repubs repealed Glass-Steagall.

Next time you have people talking to you at work, simply talk about how the repeal of regulations put in place during the last Depression like Glass-Steagall would've stopped this meltdown if it weren't for the fact that the Repub Congress and Clinton repealed that protection...all the way back in 1999. Make sure you talk loud enough that this co-worker of yours overhears.

[SHRED]

7. you can't correct a brain that is like....

..."a BB in a boxcar".

[Selatius]

10. Sure, there are lost causes, but other co-workers may still be within the grasp of facts and reason.

For the 30 percent of this country that are blind--such as the 30 percent who STILL support Bush--they are lost causes, but the mushy middle can still be lead to the facts and away from the propaganda.

[Indenturedebtor]

11. Yes but there are other people listening most of the time

In water cooler conversations like this there's almost always a fence sitter listening to how it plays out!

Own this fool for the good of humanity :D We'll help you if you need it!

[SHRED]

12. I have already...many times

[Indenturedebtor]

16. Right on :D Keep up the asswhoopins n/t

[Oldtimeralso]

18. I thought it was a BB in a blimp hanger! n/t

[quiet.american]

9. Sounds perfectly logical, yet a recent study found that facts actually make wingnuts twice as dumb.

I think Obama's phrase, "deliberate ignorance" sums it up.

[girl gone mad]

15. Yes, it's the latest right-wing meme.

It's total crap, so stupid even they don't really believe it.

The banks have at least a dozen lobbyists per congressperson. They were making the bad loans because they knew they could turn around and sell them to unsuspecting buyers as AAA rated credit.

[madrchsod]

17. new talking point from the right wing...

it`s the coloreds and white trash that`s ruined the economy

[Flabbergasted]

19. omfg, nt

[vanderBeth]

20. WTFail

I haven't hear THAT one before.

He is so incredibly stupid.

[ColbertWatcher]

21. Isn't this a classic example of moving the goal posts?

The GOP will continue to blame the failure of their policies on regulations until the last one is gone.

Then they'll blame terra.

[ProudToBeBlueInRhody]

22. Surprised he didn't tag on "lending to minorities"

Hell, Neil Cavuto doesn't even try to hide that shit anymore.

[nadinbrzezinski]

23. I heard that tonight on the Reagan show... as well as it was the dems

who stood on the road to proper regulation

There is more, they are still in the culture wars mode

[Liberal_in_LA]

24. yep. Huel Hewitt (LA radio rightwinger) laid the financial crisis squarely on Obama's shoulders