Oh my gosh - the Clinton years were the worst

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It's not just California -- it was bad everywhere during the Clinton years. This country was living with a false economy. Dumb Bill signed NAFTA so all of our manufacturing jobs, etc. could go overseas (free trade, they call it) -- free to everyone except U.S. citizens.

Insofar as the terrorists, they may have started during the first George Bush's terms, but Clinton did nothing to stop them. And after the towers, what were we suppose to do -- wait for the terrorists to come over here so we could fight on our ground? I still think there were WMD --- they just removed them. After all, everything is advertised on TV before we do it. Do you not think the Iraqs knew in advance we were going to check for WMD -- and do you not think they had an ally somewhere that would help them remove them? Wake up! NAFTA has probably been our biggest downfall economically.

As much as you want to blame Bill Clinton......don't forget who held the reins for the last 8 years......who let them run amuck? Why was nothing done?

Check out the mortgage failures.
Tell me which failed more, prime or subprime
Tell me what is the rate of failures under the CRA or even Bush's ADDI (which i attack alll the time)
Once again, REALITY AND THE DATA doesn't fit ya'lls claims.

Basically what happened was.. we reformed bankruptcy laws.. so that people who ran into dire straights could not restructure.

We packaged the loans into commodity derivatives. These are sorta mirror bets on the loans. Sorta..as the same loan will be sold many times in many derivative packages.. that's why the housing derivatives are worth more than all the real estate in the US. Derivatives are actually not that bad.. when a market is stable and only has to deal with natural forces. The housing market was bubbled.. partially due to low interest rates that encouraged everyone to buy, even the rich, and partially due to the CRA and the ADDI.. which did add customers to the market (helping form the bubble was the extent the CRA and the ADDI had in this mess)

All it took was a few failures to pop the bubble..and make real estate prices drop,. and mind you, it was mainly prime loans (READ not loans given to poor people and not loans under the CRA) that failed. The derivative market.,.which like I said, is really mirrors of the same loans.. cause the defaults to explode with ten times the ferocity, because one loan could effect the price of dozens of derivatives.

Really the poor and even irresponsible people .. simply did not have the economic ability to cause this mess. Pool all their money together and waste it on hookers.. it would have zero effect without help from the rich elites and their magnifying packaged derivatives.

THE CRA and ADDI both had stricter requirements than loans you got from normal banks.. both required income data.. where many prime loans did not.. they also greatly limited you on how much home you could purchase..whereas private banks did not care if you tried to buy something you could not afford.
Don't believe me?.. Look in the phone book.. call your own housing authority - you can get a loan for 106% the purchase price of a home even today.. if you're poor enough.

Ask to hear the red tape and hoops you must go through.. Heck, it is probably easier to just get a real job and earn real money than go through the FHA.

and plans that don't and won't work can be presented eloquently and there certainly will be people dumb enough to believe that those ideas and plan will actually work. This is all a bunch of fluff to get elected. Obama does give hope....it is called FALSE HOPE!

The Worst President in History?

One of America's leading historians assesses George W. Bush

George W. Bush's presidency appears headed for colossal historical disgrace. Barring a cataclysmic event on the order of the terrorist attacks of September 11th, after which the public might rally around the White House once again, there seems to be little the administration can do to avoid being ranked on the lowest tier of U.S. presidents. And that may be the best-case scenario. Many historians are now wondering whether Bush, in fact, will be remembered as the very worst president in all of American history.

From time to time, after hours, I kick back with my colleagues at Princeton to argue idly about which president really was the worst of them all. For years, these perennial debates have largely focused on the same handful of chief executives whom national polls of historians, from across the ideological and political spectrum, routinely cite as the bottom of the presidential barrel. Was the lousiest James Buchanan, who, confronted with Southern secession in 1860, dithered to a degree that, as his most recent biographer has said, probably amounted to disloyalty -- and who handed to his successor, Abraham Lincoln, a nation already torn asunder? Was it Lincoln's successor, Andrew Johnson, who actively sided with former Confederates and undermined Reconstruction? What about the amiably incompetent Warren G. Harding, whose administration was fabulously corrupt? Or, though he has his defenders, Herbert Hoover, who tried some reforms but remained imprisoned in his own outmoded individualist ethic and collapsed under the weight of the stock-market crash of 1929 and the Depression's onset? The younger historians always put in a word for Richard M. Nixon, the only American president forced to resign from office.

Now, though, George W. Bush is in serious contention for the title of worst ever. In early 2004, an informal survey of 415 historians conducted by the nonpartisan History News Network found that eighty-one percent considered the Bush administration a failure. Among those who called Bush a success, many gave the president high marks only for his ability to mobilize public support and get Congress to go along with what one historian called the administration's pursuit of disastrous policies. In fact, roughly one in ten of those who called Bush a success was being facetious, rating him only as the best president since Bill Clinton -- a category in which Bush is the only contestant.

The lopsided decision of historians should give everyone pause. Contrary to popular stereotypes, historians are generally a cautious bunch. We assess the past from widely divergent points of view and are deeply concerned about being viewed as fair and accurate by our colleagues. When we make historical judgments, we are acting not as voters or even pundits, but as scholars who must evaluate all the evidence, good, bad or indifferent. Separate surveys, conducted by those perceived as conservatives as well as liberals, show remarkable unanimity about who the best and worst presidents have been.

Historians do tend, as a group, to be far more liberal than the citizenry as a whole -- a fact the president's admirers have seized on to dismiss the poll results as transparently biased. One pro-Bush historian said the survey revealed more about the current crop of history professors than about Bush or about Bush's eventual standing. But if historians were simply motivated by a strong collective liberal bias, they might be expected to call Bush the worst president since his father, or Ronald Reagan, or Nixon. Instead, more than half of those polled -- and nearly three-fourths of those who gave Bush a negative rating -- reached back before Nixon to find a president they considered as miserable as Bush. The presidents most commonly linked with Bush included Hoover, Andrew Johnson and Buchanan. Twelve percent of the historians polled -- nearly as many as those who rated Bush a success -- flatly called Bush the worst president in American history. And these figures were gathered before the debacles over Hurricane Katrina, Bush's role in the Valerie Plame leak affair and the deterioration of the situation in Iraq. Were the historians polled today, that figure would certainly be higher.

Even worse for the president, the general public, having once given Bush the highest approval ratings ever recorded, now appears to be coming around to the dismal view held by most historians. To be sure, the president retains a considerable base of supporters who believe in and adore him, and who reject all criticism with a mixture of disbelief and fierce contempt -- about one-third of the electorate. (When the columnist Richard Reeves publicized the historians' poll last year and suggested it might have merit, he drew thousands of abusive replies that called him an idiot and that praised Bush as, in one writer's words, a Christian who actually acts on his deeply held beliefs.) Yet the ranks of the true believers have thinned dramatically. A majority of voters in forty-three states now disapprove of Bush's handling of his job. Since the commencement of reliable polling in the 1940s, only one twice-elected president has seen his ratings fall as low as Bush's in his second term: Richard Nixon, during the months preceding his resignation in 1974. No two-term president since polling began has fallen from such a height of popularity as Bush's (in the neighborhood of ninety percent, during the patriotic upswell following the 2001 attacks) to such a low (now in the midthirties). No president, including Harry Truman (whose ratings sometimes dipped below Nixonian levels), has experienced such a virtually unrelieved decline as Bush has since his high point. Apart from sharp but temporary upticks that followed the commencement of the Iraq war and the capture of Saddam Hussein, and a recovery during the weeks just before and after his re-election, the Bush trend has been a profile in fairly steady disillusionment.

WASHINGTON, Dec 29 (IPS) - Despite all the claims of improvements, 2007 has been the worst year yet in Iraq.

One of the first big moves this year was the launch of a troop "surge" by the U.S. government in mid-February. The goal was to improve security in Baghdad and the western al-Anbar province, the two most violent areas. By June, an additional 28,000 troops had been deployed to Iraq, bringing the total number up to more than 160,000.

By autumn, there were over 175,000 U.S. military personnel in Iraq. This is the highest number of U.S. troops deployed yet, and while the U.S. government continues to talk of withdrawing some, the numbers on the ground appear to contradict these promises.

The Bush administration said the "surge" was also aimed at curbing sectarian killings, and to gain time for political reform for the government of U.S.-backed Prime Minister Nouri al-Maliki.

During the surge, the number of Iraqis displaced from their homes quadrupled, according to the Iraqi Red Crescent. By the end of 2007, the United Nations High Commissioner for Refugees (UNHCR) estimated that there are over 2.3 million internally displaced persons within Iraq, and over 2.3 million Iraqis who have fled the country.

Iraq has a population around 25 million.

The non-governmental organisation Refugees International describes Iraq's refugee problem as "the world's fastest growing refugee crisis."

In October the Syrian government began requiring visas for Iraqis. Until then it was the only country to allow Iraqis in without visas. The new restrictions have led some Iraqis to return to Baghdad, but that number is well below 50,000.

A recent UNHCR survey of families returning found that less than 18 percent did so by choice. Most came back because they lacked a visa, had run out of money abroad, or were deported.

Sectarian killings have decreased in recent months, but still continue. Bodies continue to be dumped on the streets of Baghdad daily.

One reason for a decrease in the level of violence is that most of Baghdad has essentially been divided along sectarian lines. Entire neighbourhoods are now surrounded by concrete blast walls several metres high, with strict security checkpoints. Normal life has all but vanished.

The Iraqi Red Crescent estimates that eight out of ten refugees are from Baghdad.

By the end of 2007, attacks against occupation forces decreased substantially, but still number more than 2,000 monthly. Iraqi infrastructure, like supply of potable water and electricity are improving, but remain below pre-invasion levels. Similarly with jobs and oil exports. Unemployment, according to the Iraqi government, ranges between 60-70 percent.

An Oxfam International report released in July says 70 percent of Iraqis lack access to safe drinking water, and 43 percent live on less than a dollar a day. The report also states that eight million Iraqis are in need of emergency assistance.

"Iraqis are suffering from a growing lack of food, shelter, water and sanitation, healthcare, education, and employment," the report says. "Of the four million Iraqis who are dependent on food assistance, only 60 percent currently have access to rations through the government-run Public Distribution System (PDS), down from 96 percent in 2004."

Nearly 10 million people depend on the fragile rationing system. In December, the Iraqi government announced it would cut the number of items in the food ration from ten to five due to "insufficient funds and spiralling inflation." The inflation rate is officially said to be around 70 percent.

The cuts are to be introduced in the beginning of 2008, and have led to warnings of social unrest if measures are not taken to address rising poverty and unemployment.

Iraq's children continue to suffer most. Child malnutrition rates have increased from 19 percent during the economic sanctions period prior to the invasion, to 28 percent today.

This year has also been one of the bloodiest of the entire occupation. The group Just Foreign Policy, "an independent and non-partisan mass membership organisation dedicated to reforming U.S. foreign policy," estimates the total number of Iraqis killed so far due to the U.S.-led invasion and occupation to be 1,139,602.

This year 894 U.S. soldiers have been killed in Iraq, making 2007 the deadliest year of the entire occupation for the U.S. military, according to ICasualties.org.

To date, at least 3,896 U.S. troops have been killed in Iraq, according to the U.S. Department of Defence.

A part of the U.S. military's effort to reduce violence has been to pay former resistance fighters. Late in 2007, the U.S. military began paying monthly wages of 300 dollars to former militants, calling them now "concerned local citizens."

While this policy has cut violence in al-Anbar, it has also increased political divisions between the dominant Shia political party and the Sunnis � the majority of these "concerned citizens" being paid are Sunni Muslims. Prime Minister Maliki has said these "concerned local citizens" will never be part of the government's security apparatus, which is predominantly composed of members of various Shia militias.

Underscoring another failure of the so-called surge is the fact that the U.S.-backed government in Baghdad remains more divided than ever, and hopes of reconciliation have vanished.

According to a recent ABC/BBC poll, 98 percent of Sunnis and 84 percent of Shias in Iraq want all U.S. forces out of the country. (END/2007)

Can someone explain to me please why in all communications about the war in Iraq, both for and against, they never speak of how many Al Qaeda are being eliminated during this continued fighting in Iraq? Considering that this would be the ONLY plausible reason why we should continue with it, if we were actually making headway against Islamic extremism and the Al Qaeda network? Furthermore, why in the last six months or so has the media started referring to the "insurgents" as Al Qaeda with no clarification whatsoever?

This is very telling isn't it? If we are not fighting the terrorists anymore, why is our military still putting their lives on the line?

I believe this is because they are no longer there, considering that there was a very small faction there to begin with.

Considering that the Bush administration is losing what is left of their reputation continuing this war against AL Qaeda in Iraq, is it so far fetched to see media manipulation in the fact that now all of a sudden the American media is sprouting headlines about Al Qaeda being the cause of Bhutto's death without any proof whatsoever but based on wishful thinking and supposition? When in reality Musharraf has the most to gain from her death? Especially if it is lauded that Al Qaeda is behind her death, this lends to solidity that Bush will not withdraw US funds from Pakistan if it is thought that Al Qaeda is behind Bhutto's death, perhaps Musharraf asking for MORE funds and getting them from the Bush administration to fight Al Qaeda (supposedly) in Pakistan.

And here we all thought the correct way was: ''way more clearer.'' Wow! You write real good!

I don't know what to do about this election folks!!!! I'm scared of McCain..and I'm just not sure about Obama either....time is running out..

Scared of McCain because he seems to be a bit of a hot head..and Obama is scary because its almost cult like with him...

I get this mental picture of terrorists licking their chops savoring the thought that USA is going to be prone for another attack..after this election just to test the resolve of the President..whoever that will be..

I worry about economics but I am more afraid of an attack within the USA...I want someone who will strike fear in our enemies...These terrorists are not the kind of people I picture sitting and discussing differences over a conference table...