Black People Politics : BIDEN WINS PART 2

[Kemetstry]

I don't have any predictions for the Georgia Senate races. My guess is that Gov. Brian Kemp and his noxious band of voter suppression fans will come up with new ways to stop their opponents from casting a ballot.

I am not sure many Georgia Democrats understand they must request a new absentee ballot for this runoff election. I doubt the GOP is gonna advertise this openly.

Two things are certain: Defund the Police and We Want Socialism will not play well in the Peach State. Democrats are going to have be smart and tell the Leftist looneys to stay away.

Hopefully, Abrams is on that

I know Abrams is on that

I think the elephant people are more in trouble for taking advantage financially of their inside info on their stock dumps



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[Kemetstry]

And what did you find? What were your conclusions?

Because the real reason Barack Obama trounced John McCain by seven percentage points is because the 2008 general election followed two terms of up until that point, the most incompetent and poor public speaking White President in history.

There was little more to it than that. Black voters came out in historic numbers, aided by millions of cheering Whites, Latinos and Asians. The enthusiasm for Obama was magnetic and electric. And did not end for many months.

Of course, despite his successful two terms in the White House, Obama still gets blamed for events and chit he had no control over.

That many of our own had a problem with a black in that position. And many said he wasn't black enough

Obama won:
1. Because white people jacked up the economy and didn't have a clue how to fix it

2. Obama put together a good team to fix it

3. They had no scandals

He put together a coalition

Of course. He is black



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[Discerning]

Kemetstry,

Your conclusion is off. You offer no details, no company names and no executives. Just an all encompassing collective attack on one race. But It was not just White people.

Most remember that Stanley O'Neal, the acerbic Black CEO of Merrill Lynch & Co., led that storied mortgage lender right into disrepute as one of the banks responsible for the sub-prime loan crisis.

There were many others. Countrywide Financial Corp. packaged many mortgage loans which were offered to people who had no way of paying them back. Bank of America ended up buying Countrywide for $4 billion, one sixth of what the lender was worth before the crisis.

Others were deep into the credit-default swaps. It's not that White people didn't know how to fix it. George W. Bush simply wasn't up to the task and had no idea how to end what became known as the Great Recession. Everyone who understood Wall Street financing and banking knew it would take time and a lot of money to save teetering financial institutions.

There was several hundred stories written about the financial crisis. And players of other races who were guilty as well. There were also different factors contributing to the crisis.

Companies were shutting down left and right and it seemed the downturn would never end. In fact, a group of enterprising individuals came up with a great Internet moniker for the ages and that terrible time: "f*ckedcompany dot com. I know, they called me a couple of times.

The U.S. financial system was on the verge of complete collapse as Lehman Brothers went bankrupt and once mighty mortgage guarantor American International Group has to be sold to the Federal Reserve Bank for $85 billion. Washington Mutual bank went belly-up. Hundreds of billions of dollars to be given to banks to keep them solvent. Things got so bad that stalwart Wall Street bankers Morgan Stanley and Goldman Sachs decided to become regular banks to be protected by the Fed.

While President Obama is rightfully given credit for saving the U.S. from a depression, he did not do this overnight. Obama saved the U.S. auto industry for sure by bailing out General Motors. Ford and Chrysler. And he approved a $787 billion economic stimulus package. However, most of the hundreds of billions needed to save banks and the bond industry were handed out before Obama became President.

And it took time for the U.S. economy to recover and it began to just before the last year of Obama's first term. There is no doubt people in the U.S. and around the world were soothed by Obama's measured speeches and his calm demeanor.

 

[Kemetstry]

Kemetstry,

Your conclusion is off. You offer no details, no company names and no executives. Just an all encompassing collective attack on one race. But It was not just White people.

Most remember that Stanley O'Neal, the acerbic Black CEO of Merrill Lynch & Co., led that storied mortgage lender right into disrepute as one of the banks responsible for the sub-prime loan crisis.

There were many others. Countrywide Financial Corp. packaged many mortgage loans which were offered to people who had no way of paying them back. Bank of America ended up buying Countrywide for $4 billion, one sixth of what the lender was worth before the crisis.

Others were deep into the credit-default swaps. It's not that White people didn't know how to fix it. George W. Bush simply wasn't up to the task and had no idea how to end what became known as the Great Recession. Everyone who understood Wall Street financing and banking knew it would take time and a lot of money to save teetering financial institutions.

There was several hundred stories written about the financial crisis. And players of other races who were guilty as well. There were also different factors contributing to the crisis.

Companies were shutting down left and right and it seemed the downturn would never end. In fact, a group of enterprising individuals came up with a great Internet moniker for the ages and that terrible time: "f*ckedcompany dot com. I know, they called me a couple of times.

The U.S. financial system was on the verge of complete collapse as Lehman Brothers went bankrupt and once mighty mortgage guarantor American International Group has to be sold to the Federal Reserve Bank for $85 billion. Washington Mutual bank went belly-up. Hundreds of billions of dollars to be given to banks to keep them solvent. Things got so bad that stalwart Wall Street bankers Morgan Stanley and Goldman Sachs decided to become regular banks to be protected by the Fed.

While President Obama is rightfully given credit for saving the U.S. from a depression, he did not do this overnight. Obama saved the U.S. auto industry for sure by bailing out General Motors. Ford and Chrysler. And he approved a $787 billion economic stimulus package. However, most of the hundreds of billions needed to save banks and the bond industry were handed out before Obama became President.

And it took time for the U.S. economy to recover and it began to just before the last year of Obama's first term. There is no doubt people in the U.S. and around the world were soothed by Obama's measured speeches and his calm demeanor.

I thought, having lived thru this, most already knew. There wasn't one person or company that caused this.

+90 of the people that caused the "Great Recession" were white rich people. There were all kinds of studies done, books written and videos shot to document this. In fact, too many to name. There was no random black or Hispanic that did it.

Citibank, I forget the big insurance giant that was 'too big to fail'.

Obama got his 2nd term, because all the financial expert said it would take over 10 years to do what he did in 3.5.

Even so automation wiped out millions of job permanently.




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[Discerning]

Kemetstry,

Again, you are wrong. Stop blaming the rich and only Whites.

It was the banking policies and the free-wheeling freedom to create and sell risky financial securities that caused the financial crisis and later the Great Recession. It was not just credit default swaps. It was also subprime mortgages that were defaulted on.

Subprime mortgages are offered to folks with not only less than stellar credit, but who also likely not to default. Many of those were Black, Latino and non-rich Whites. This is why you tunnel vision does not work.

A credit default swap can be exchanged for something similar, which is supposed to be guaranteed by the lender in the event the borrower defaults. Not all the defaulters were White.

I laid it all out for you. But you still resort to blanket and racial condemnations and display no knowledge of what led up to the crisis. The Great Recession devastated millions and wrecked many up and coming Black families who had obtained mortgages.

There was a lot that went wrong. But you just ignore this in favor of just throwing darts at White people. It's the bankers and the politicians who protected their corrupt dealings who are at fault.