2016 Postmortem
Related: About this forumMatt Taibi : HRC Ad Against Trump Makes Dems Look Sleazy
http://www.commondreams.org/views/2016/05/26/hillary-clintons-new-anti-trump-ad-misses-markbelievably, it makes the Democrats look sleazy and disingenuous in comparison.
The ad begins with a picture of a grinning Trump and the words, "In 2006, Donald Trump was hoping for a real estate crash."
It proceeds to a series of grim scenes from the financial crisis. Against a Roger and Me-esque montage of blighted neighborhoods, it reads off stats: "9 million Americans lost their jobs. 5 million people lost their homes."
Then it returns to a grinning Trump, and another line:
"And the man who could be our next president
was rooting for it to happen."
Then we hear Trump talking about how a bursting of the real-estate bubble would be an opportunity for rich folks like himself.
"I sort of hope that happens, because then people like me would go in and buy," Trump says, in an interview from 2006. "If there is a bubble burst, as they call it, you know, you could make a lot of money."
Cut to: "If Donald wins, you lose."
This ad is disingenuous in a dozen different ways. For one thing, the destruction that the Clinton campaign describes was not caused by people swooping in after the bubble burst, buying at the bottom of the market.
It was caused by the existence of a speculative bubble in the first place. And that bubble was inflated not by Donald Trump, but by the people who have at least in part bankrolled Hillary Clinton's career: namely, Wall Street banks.
In the mid-2000s, a speculative mania swallowed up the real-estate markets largely because Wall Street discovered a new (and often criminally fraudulent) way to peddle mortgage securities.
riversedge
(70,197 posts)CorkySt.Clair
(1,507 posts)MT has a sad because Bernie lost.
TheSarcastinator
(854 posts)She's so crooked she has to screw on her pantsuit every morning. Pathetic.
pinebox
(5,761 posts)840high
(17,196 posts)CrowCityDem
(2,348 posts)The Velveteen Ocelot
(115,681 posts)The point of it was not about what caused the crash but the fact that Trump would welcome one because he could make money from it - pointing out that Trump is an asshole who doesn't care about what happens to people as long as he can profit.
BernieforPres2016
(3,017 posts)Does that not also describe Bill Clinton, and Hillary Clinton if you change the "he" to "she"?
840high
(17,196 posts)SFnomad
(3,473 posts)TheSarcastinator
(854 posts)Once again, Hillarians demonstrate their astute understanding of politics. You can't lose!!!
SFnomad
(3,473 posts)Demsrule86
(68,555 posts)"...And to one degree or another, the modern Democratic Party, often including Hillary Clinton personally, has been on the wrong side of virtually all of these issues."
Read more: http://www.rollingstone.com/politics/news/why-young-people-are-right-about-hillary-clinton-20160325#ixzz49smN7t00
Follow us: @rollingstone on Twitter | RollingStone on Facebook
Bluenorthwest
(45,319 posts)hellofromreddit
(1,182 posts)Clinton would do much better to stay a few miles above his level.
onehandle
(51,122 posts)Of course.
CorkySt.Clair
(1,507 posts)I don't mean stay home, I mean literally vote for him. Posters who have been around here for a decade or more will cast their ballots for an orange bigot out of spite.
frylock
(34,825 posts)George II
(67,782 posts)What has DEMOCRATIC Underground become?
Demsrule86
(68,555 posts)I can hardly wait until...not more Faux, Breitbart and Trump supporters.
stevenleser
(32,886 posts)Is Taibbi chasing the dragon again?
Under what twisted rules is this not completely in bounds?
reddread
(6,896 posts)how substantive and leaderly.
One of the 99
(2,280 posts)corkhead
(6,119 posts)frylock
(34,825 posts)FSogol
(45,480 posts)pinebox
(5,761 posts)CorkySt.Clair
(1,507 posts)It's rather illuminating about DU's short term future.
Peacetrain
(22,875 posts)it surely does not belong here..
corkhead
(6,119 posts)EndElectoral
(4,213 posts)merrily
(45,251 posts)left crap mortgage derivatives unregulated, namely the Commodities Futures Modernization Act of 2000. That bill led to the crash in 2008 in several nations and to unknown numbers of foreclosures in the US.
Soon, someone will come along and note that Bernie voted for this bill, so let me beat them to it. Bernie voted for this bill ONLY because, in desperation to get it passed, someone wrapped it in with a bill that prevented a Republican shut down of the government, something that was then unthinkable.
bvar22
(39,909 posts)Most of The RICH (Democrats and Republicans) took advantage of the situation (Buy Low.Sell High)....but what caused it?
Answer:
1) A "Housing Bubble" combined with lax banking & Lending regulation (Thanks, Bill), possibly manipulated for the reason stated above.
2) Bailing Out Wall Street instead of Main Street
[font size=3]Paulson with Co-Conspirators
Now THIS is Bi-Partisanship!!![/font]
Doctor_J
(36,392 posts)Trump was rooting for the collapse. He's a skeezy carnival barker who cares nothing for working people, and especially for honest people. This should be a highlight of the ge campaign.
thesquanderer
(11,986 posts)0rganism
(23,944 posts)Laughing Mirror
(4,185 posts)Every one of them I've looked at that attacks Trump is actually an advertisement for him, delivering the opposite message of what's intended. The people putting these things together don't even seem to realize it. Every time I see one of these it's like one more nail in her coffin.