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Old 10-31-2010, 04:50 PM
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Default How Did We Get Here? A Timeline Of Significant Political Events

How Did We Get Here? A Timeline Of Significant Political Events

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October 3, 2008: Congress passes the Troubled Asset Relief Program, or TARP. The economy was about to collapse.

November 5, 2008: America elects Barack Obama.

Jan 16, 2009: Before Obama's elected, Rush Limbaugh wishes the president bad luck and hopes he "fails."

Late January, 2009: Democrats rush a nearly $800 stimulus package through Congress. Republicans seize on several items they feel are unnecessary, like funding for abortions and funding to restore the national mall. The White House pledges that money will go to "shovel ready" projects, and brags about the bill's containing the largest tax cut in history. But Republicans succeed in firing up their base for the first time, post-inauguration

February 2009: The administration releases its unemployment projection for 2010 -- we'd be at 8.5 percent

Feb 19, 2009: -- Rick Santelli rants from the floor of the Chicago Stock Exchange about the administration's new mortgage loan modification program. He calls for a new Tea Party

February 15, 2009: Fed chair Ben Bernanke says he sees "green shoots" in the economy

March 29, 2009: Obama fires the CEO of GM, which had placed it fate in the arms of the federal government. GM would re-emerge a year later in much better fiscal health. $82 billion worth of TARP funds were used, fueling ire that the government was paying the people who messed up things in the first place.

April 4, 2009: Obama says there are "glimmers of hope" in the economy

May 19, 2009: Congress passes historic credit card reform legislation

July 23, 2009 -- Obama addresses the nation on health care

July 28, 2009: Glenn Beck announces that Barack Obama "has a deep-seated hatred for white people."

August, 2009 -- Tea Partiers take over health care town hall meetings

August 10, 2009, Taking advantage of their second amendment rights but scaring the heck out of the Secret Service, some New Hampshire residents bring guns outside an Obama rally.

November 3, 2009: GOP picks up NJ and VA governors mansions. Democrats manage to hold onto a House seat in New York because of divisions within the Republican Party.

November 20, 2009 TARP watchdog Elizabeth Warren says that while TARP saved the banking system it did little for consumers, their mortgages, and their confidence.

December 2009 -- Harry Reid, the majority leader, cuts a deal with two Democratic senators to bring them on board the health care bill. Ben Nelson of Nebraska secures $100 million in extra Medicaid payments; this is immediately dubbed as the "Cornhusker Kickback," and poisons people's views about the way that Democrats were crafting the legislation.

December 25, 2009: An Al Qaeda-trained terrorist nearly blows up a Northwest Airlines flight over Detroit.

January 20, 2010: Scott Brown stuns the world by winning Ted Kennedy's vacated Senate seat in Massachusetts. The Tea Party claims him as their first candidate, but Brown later shuns the label.

January 21, 2010: The White House announces support for the "Volcker" rule, which would restrict derivatives trading.

January 30, 2010 -- Obama schools Republicans at their retreat in Baltimore, energizing Democrats ahead of a key health care vote.

Feb 3, 2010: Obama says a "corner has turned" for the economy.

Feb 3, 2010: It's revealed that AIG executes netted $100 million in bonuses. The Treasury Department seems helpless to intervene and Obama seems to have to force himself to match the public's level of anger, even though he really is angry.

Feb 6, 2010 -- Sarah Palin addresses the first major Tea Party gathering in Nashville, TN and throws out the memorable line: "How's that Hopey-Changey thing working out?" (Note: at the same rally, she reads notes off her hand.)

Feb 20-22, 2010: The White House makes it clear that it does not support the "public option" for health care reform if it would lead to the bill's collapse in Congress. The "professional left" goes on a complete tear.

March 21, 2010 -- The House passes health care reform after 13 months of struggle. Democrats are decidedly unenthusiastic.

April 3, 2010 -- Obama says the "worst is over" as regards the economy.

April 20, 2010: A blow-out converter on BP's "Deepwater Horizon" well ruptures, and for months, oil seeps into the Gulf of Mexico. The administration is later accused of not responding quickly to the crisis, though it is hard, in retrospect, to see what more they could have done. Obama holds regular meetings about the crisis, but he does not ramp up his public visibility until weeks later.

April 29, 2010: Charlie Crist, the governor of Florida, announces he's decided to become an independent, forced out of his party by the Tea Party and its support for Marco Rubio

May 8, 2010: Incumbent Senator Robert Bennett (UT) places third at the party convention, becoming the first Senate incumbent to lose his job in a primary. Two more (Arlen Specter and Lisa Murkowski) would follow.

June, 2010: -- The administration pins the tail on the donkey, speaking of a "recovery summer." It isn't.

July 15, 2010: Congress passes the Wall Street reform package, two years after the nation's economy nearly plunged off of a cliff.

August 28, 2010: Glenn Beck holds his "Restoring Honor" rally in Washington, D.C.

September 15, 2010: Christine O'Donnell upsets Mike Castle for the Delaware Republican Senate nomination.

September 16, 2010: Obama hires Elizabeth Warren, at times a critic of Obama's economy policies, to become a senior adviser at the Department of the Treasury and at the White House, and tasked her with building the new consumer finance products regulatory commission.

September 22, 2010: Larry Summers, chairman of the National Economic Council, resigns.

September 28, 2010: President Obama calls Fox News a "destructive" influence on the media.

November 2,2010 Spencer Collins decides to split his ticket and becomes even more frustrated with the two party system.

How Did We Get Here? A Timeline Of Significant Political Events - Marc Ambinder - Politics - The Atlantic

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Old 10-31-2010, 05:59 PM
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Default Re: How Did We Get Here? A Timeline Of Significant Political Events

I made a left turn in the hall and then straight to my computer......
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Old 10-31-2010, 06:57 PM
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Default Re: How Did We Get Here? A Timeline Of Significant Political Events

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I made a left turn in the hall and then straight to my computer......
smartazz.
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Old 10-31-2010, 07:31 PM
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smartazz.
that's me all over.........

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Old 10-31-2010, 07:39 PM
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Default Re: How Did We Get Here? A Timeline Of Significant Political Events

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November 2,2010 Spencer Collins decides to split his ticket and becomes even more frustrated with the two party system.
What took you so long?
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Old 10-31-2010, 09:15 PM
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Default Re: How Did We Get Here? A Timeline Of Significant Political Events

How did we get here? By creating a society in which people believe they have an inherent right to have all their needs met regardless of their input. It's against the laws of nature, and is destructive to individuals and to society. On earth, nature always has her say in the end.
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Old 10-31-2010, 11:21 PM
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Default Re: How Did We Get Here? A Timeline Of Significant Political Events

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What took you so long?
I've been frustrated with the two party system for many years.So much so that I've worked with both the Constitution Party and the Patriot Party but progress has been painfully slow. I'm not going to give any party my total support. Both big box parties continue to bribe us with our own money in one way or another. The bitter political gamesmanship is also a big turnoff. I'm tempted to just sit this election out but I see some good people on the ballot (non incumbents) so I decided to give them a chance...
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Old 11-01-2010, 12:15 AM
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Default Re: How Did We Get Here? A Timeline Of Significant Political Events

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How did we get here? By creating a society in which people believe they have an inherent right to have all their needs met regardless of their input. It's against the laws of nature, and is destructive to individuals and to society. On earth, nature always has her say in the end.
We didn't get here by the timeline given, it is cut short of the real reason.

Barney Frank and Chris Dodd get their vision of home financing passed first, then they demand Fanny and Freddie take all loans from the bankers no matter the risk. So given the new rules the banks start lending and home prices skyrocket due to the new government subsidized demand. Ability to pay didn't matter at this point the banks only needed to lend and the FED's would cover it. Well when the obviously screwed up system of allowing borrowers that can't pay it back fell short then the government that promised to pay had to. Thus we get TARP and the start of the timeline given.

If people could only purchase homes they could pay for we would have never got to that point.

The government caused the housing bubble. There is no way around that.
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Old 11-01-2010, 12:47 AM
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Default Re: How Did We Get Here? A Timeline Of Significant Political Events

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First, and it's a point Frank returned to several times, is he and the Democrats did not have the power to call the shots since they were in the minority during most of the Clinton and Bush years. "Tom Delay was running the House of Representatives. So I take responsibility for what I do but I don't take responsibility for Newt Gingrich and Tom Delayís policies," he protests. Making a broader point, he says, "if I really had the power to stop the Republicans from doing anything you know what I would have done first? I would have stopped the war in Iraq. I would have stopped the impeachment of Bill Clinton. I would have stopped tax breaks for people making millions of dollars a year."

Continuing along that line, when it comes to the problems at Fannie Mae and Freddie Mac, Frank not only denies it, he shifts the blame to the Bush administration. When it came to a Republican bill to reform Fannie and Freddie, President Bush gave his own party "the one finger salute," he colorfully says.

Second, Democrats not only did not cause the crisis, they were aginst subprime lending all together: "The Bush administration made a big mistake; they were the ones that pushed home ownership for very poor people. Liberals wanted rental housing, we thought that was more appropriate," he claims.

Finally, the real estate crash was not something even the experts saw coming. "No one I know of - except Robert Shiller - saw the drop in conventional housing prices," he says.
So who's telling the truth?
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Old 11-01-2010, 01:03 AM
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Default Re: How Did We Get Here? A Timeline Of Significant Political Events

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So who's telling the truth?
Not Barney, look for the truth of what he promoted.
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