Allow me to educate you on a few things about politics and "the people who got us in to this mess".
1) The symbol that each party carries has absolutely no bearing about what they represent or how the operate government. As for what the Elephant would represent? The Elephant was most commonly used in the ancient days as a means of carrying heavy and otherwise immovable stock from one place to another over dangerous terrain. Mountains, Rivers, valleys, and various climates were ideal for using Elephants because they are very durable, very strong, and very big. In the course of their use by humans the Elephant has been a far more efficient and helpful means of getting work done than a Mule. However, as I said, the symbol really holds no bearing on the political parties means of governing.
2) As for what the Republican party has done for us so far? Well, for one, they've cut taxes repeatedly and they, usually, strive to reduce the footprint of the government by shrinking it. They have advanced the idea of Individualism and Capitalism which are two of the very ideals that this country was founded upon.
3) Speaking about the economy for a moment? Why don't you tell everyone who got us in to this mess with the housing crisis and the banks failing left and right due to bad debt? You won't tell them? Ok, I will.
It all begins with a piece of legislation called the "Community Reinvestment Act". This piece of legislation was created by the Carter administration because they felt it was "unfair" that so many people in the country were renters instead of homeowners. They instituted a law that would ease the requirements for large mortgage loans allowing more people to own a home. The way the Carter administration did it allowed more people to own homes, but foreclosures began to rise as well due to many people taking out loans they couldn't pay back, so the credit markets clamped down again and stopped giving out home loans to unqualified people.
HOWEVER, in 1995 the Clinton Administration drastically revised the CRA (community reinvestment act) and placed numerous clauses in the legislation that made it impossible for banks to DENY home loans. Fannie and Freddie (which are Government Sponsored Enterprises) would guarantee loans to the private banks of the nation, but at the same time the government would threaten the private banks with lawsuits and penalties if they denied loans to low-income (read POOR) buyers. Private banks were being forced by the government to give out $200,000 dollar loans and UP to unqualified and undeserving people who had no means of ever paying back these extravagant loans. SO, the number of foreclosures and bad loans began to pile up and eventually the private banks were collecting billions of dollars in bad debt. However, Fannie and Freddie continued to guarantee these bad loans despite the fact that Fannie and Freddie knew they were worthless.
In 2003 the Bush Administration (and the GOP) pushed forward a piece of legislation that would have brought more oversight and reform to the problems with Fannie and Freddie and it would have allowed the government to crack down on all of the bad loans that the GSE's were still trying to pass off to private banks. The Democrats blocked the legislation and said, in numerous hearings, that "there was nothing wrong with Fannie and Freddie".
In 2005 McCain co-sponsered a bill that would have, once again, created an oversight committee to try and fix the problems of Fannie and Freddie which would have avoided this economic collapse due to the billions of dollars in housing debt that every bank was carrying.
The Democrats blocked that too.
Now, here was are, on the verge of economic collapse and the Democrats have the NERVE to blame it on the Republicans? The funny thing? people like you believe them when they point the fingers and blame.
While your at it! Why don't you look up how much money in kick-backs and contributions your man Barack Obama was getting from Fannie and Freddie's nefarious business practices. It was upwards to $120,000 and he had only been in the senate for two years. Hmmm, i guess corrupt chicago politics is the type of "hope" and "Change" that he was talking about.
Next time you need to study up a little bit before you come in here and spout off your retarded political rhetoric. Because when you DO then people who are intelligent and very knowledgeable in the subject will come in here and school you.
Kinda like I just did.
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