It sure is nice how you free market extremists can have it both ways. Your irresponsible behavior crashed and burned the world's economy and put millions of people out of work.
Now you get to point to all the people getting unemployment benefits and tisk tisk over the spending on social programs, like unemployment benefits.
And you can do this without ever making the cause and effect connection.
Free market extremists didn't trash the economy. Government interference did. Now the government is here to help? Don't count on it. They are only spending us into oblivion now, to save us from the screw up job they did with the housing market.
LACK of oversight and regulation is what caused the bubble/burst cycle we have seen whenever deregulation goes too far.
Reagan deregulated the S&L industry which led to the S&L crisis of the 1980's. Clinton deregulated banking and investment, which gave us the housing bubble and eventually, under GW Bush's continued lack of interest in policing these financial industries, we got the collapse of 2008.
If you think Bush interferred too much on Wall Street, where Bernie Madoff had a $50 Billion stock investment firm which wasn't buying any stock. How much watch-dogging would it take to notice that the biggest stock guy wasn't buying any stock? How could he have interfered any less than he did?
Clinton deregulated banking and investment, which gave us the housing bubble
NEWS FLASH: Gramps admits our current problems are Clinton's fault.
Of course I am willing to admit it because it is true. The law that deregulated banking and investments was passed late in Clinton's second term, around 2000, even though this kind of radical deregulation is seen as a conservative idea.
Naturally Bush went right along with the deregulation mindset, leading us to disaster in 2008.
Oddly, many conservatives are still recommending taking deregulation ever further than the kind that nearly melted our economy down. Those are the ones who claim, as Sarah Palin has, that the banking collapse of 2008 was caused by excessive government regulation., which requires a trip right through the Looking Glass.
Pelosi & Reid both voted for deregulation - there were plenty of folks in congress that voted for it .. Wall Street bought off both sides of the floor and you can only seem to focus on the repubs. Bawney Fwank saw no problems with Fannie and Freddie two years before the collapse - yet even GW and his cronies tried to rectify the problem - but the paid Of Dodd and Frank saw no problems whatsoever.
An outsider caught Madoff - anyone of the regulators who weren't too stupid or not bought off could have .. should have caught him too. Wall Street is in the just as entrenched if not even more in Obama's fiefdom compared to GW's. You just can't face the fact that your dems are bought off lackys of Wall Street.
Sen Bunning has the audacity to ask how this continuation of benefits is going to be paid for and the dems are having a conniption cuz someone is pointing out that there should be Pay As You Go. Of course the drunken sailor spending spree by the dems continues with now slowing down. What else is new.
What happened was not deregulation. It was a direct interference with sound lending practices BY REGULATORS. Regulators were ordered to direct banks and lending institutions to relax standards in lending to minorities to increase home ownership. This evolved over many years, into the mess that crashed. Greed did eventually take over the entire system, but the root cause was government interference.
The National Employment Law Project estimates that 1.2 million people will prematurely lose benefits in March
No extension of benefits = premature loss of benefits?
Nice one sided article .. one may ask .... why is he doing this .. no liberal media outlet would ask this question ..
Now, to be fair, Senator Bob Corker did come down to help Senator Bunning 13 basically saying he would stay on the floor to help defend Bunning 19s right to object, and he deserves credit for that. But Bunning was the loan objector. And he did so because these 1Ctemporary 1D extensions have been rolling now month after month with no effort to pay for them. Moreover, Democrats are designating the extensions as 1Cemergency 1D spending so that they can avoid complying with the very 1CPAYGO 1D requirements for which they love to path themselves on the back. Included, of course, is the unemployment insurance extension as well as an extension for COBRA coverage, but in addition, are extensions of the highway trust fund, satellite television and other expenditures.
Bunning has said he wants the benefits to be offset elsewhere in the budget, or paid for with unused stimulus funds, and argued that the costs would add to the deficit.
I couldn't find the othe rlink I read today somehwere .. Bunning was also upset at Lord Reid who overruled the bipartisan job bill just recently that also had some money for the unemployed.
It would be nice to know how this congress and administration plan on paying for these enormous payouts at every turn of the head ... yesterday it was Fannie Mae wanting another $15 billion for this quarter .. just charge it says congress. Shoot and this guy has the audacity to ask how we're going to pay for it.
He is asking where is this money coming from to pay for this. It is a step in the right direction instead of the DC mentality of charge it.
I think the money should be allocated for these benefits - but is there a better way to pay for it - what funds are used .. that's what these clowns in DC are supposed to figure out - he is looking our for the people. Lord Reid sank the actual bipartisan effort a week or two before this for jobs and benifits which was much more than his current bill .. why no major ranting and raving over that bill. The media is a puppet - you often claim propoganda will sway people .. this article is an excellent example of this. The media is so biased and skewed on this issue it is beyond ridiculous. Just more fiscally irresponsible actions from DC - same as it always was .. but worse.
Bunning is not my guy - but I just wanted to point out what crummy job the news is in reporting this and it's one sided slant. RAQ story ... phptt .. and many of you claim that FOX news is Faux news ... what is this tripe?
How much you want to bet he has no alternative ideas and is just doing the same thing they always do? Soo... Now what gets done, nothing again. Great job.
Also, i didnt see alot of people endorsing RAWSTORY. I saw it posted, people comented. And i wouldnt say it a "claim" either one slanted because they both are.
Bunning is a well known obstructionist. He does stuff like this all the time, and not on principle. He did it this time because his own party was funding his opposition (even they can't stand the guy). Why do you think he's not running again?
He's been in DC since 1987, and he's one of the oldest members of congress .. maybe he just wants to retire. Maybe KKK Byrd should hit the happy trail too .. there are plenty of reps in DC that should retire. If he's the 6tyh oldest senator and the oldest Repub .. that means there are 5 old fart dem senators that should probably think about retiring too.
He's been elected many times .. so he is not hated by his constituents.
Kano .. as I said .. the RAW article did not give any counter story .. I had to google hard to find some of his side of the story ... and he does have another answer .. pay for it as you go .. which congress won't .. pay for it from the stimulus money .. which congress won't go for either .. AND they should have passed the bipartisan bill earlier this month .. the one that Reid shot down, as that had more money for jobs and money for jobless benefits.
Rand Paul is going to run for Kentucky senate position .. that is who I would likely vote for.
Bunning is a bit of a Butthead, but after reading more about this, I have to admit that he has a point. This problem is as much Reid's fault as it is Bunning's.
They are supposed to figure out where the money is going to come from before they pass these spending Bills, and it is irresponsible of the dems to avoid doing so. Their argument that this is just a temporary spending Bill seems lame to me. Spending is spending.
He's been in DC since 1987, and he's one of the oldest members of congress .. maybe he just wants to retire.
The GOP made it very clear that they will fund his opposition in the primaries if he runs again. They do not want him in office. That's why he's not running again. And this is a goodbye "fuck you" to the GOP. Like I said, this is nothing new that he is doing and he's a well known obstructionist.
Personally, I'm glad he's doing this. This is horrible PR for the GOP; it's forcing them into damage control mode.
It would be great if Rand Paul was elected as a senator.
Another Paul in congress is a step in the right direction.
steamed
Don't you readers worry about this. Mr. Gramps progressive Job Loss foundation will cover these expenses and get the greedy Republicans out of the picture.