Lines that lost Presidential elections.

[Pab Sungenis]

In retrospect, it's sometimes easy to identify that single line that led to defeat in a Presidential Election:

"There is no Soviet domination of Eastern Europe." - Gerald Ford

"My dog Millie knows more about foreign affairs than these two bozos." - George Bush

"But it was a risk I did not have to take, and a risk I would not take where my daughter is concerned." - H. Ross Perot

"(unintelligible scream)" - Howard Dean

Are we going to have to add to that list:

"One of the biggest problems about the collapse of Lehman's ... and the whole sub-prime lending fiasco is that a lot of that stuff wasn't necessarily illegal." - Barack Obama

(edited to add longer quote.)

[defendandprotect]

1. "...because they did not necessarily do anything wrong." hmmmm... !!!

However, I would take the Dean item out --

[dionysus]

2. lol

:rofl:

[young but wise]

4. Exactly.

:spray:

[lumberjack_jeff]

3. Which one of these is not like the others?

the first four are quotes.

[DFab420]

5. Hurray! Another poster completely misquoting the President to prove a point they couldn't make

otherwise..

Really Pab? You couldn't be bothered to get the quote right? I thought as an author you had a bit more...ethics..than that.

[Kolesar]

6. Dean had already lost Iowa when he said that

And all of those replays that you delight in were digitally altered to make him sound worse. ok?

[Pab Sungenis]

7. I don't delight in them.

I was a Dean supporter. I watched that speech from my hospital bed. I knew we'd lost it then and there.

[sinkingfeeling]

8. One point: Obama didn't say that.

[Pab Sungenis]

9. Longer, actual quote in place.

"One of the biggest problems about the collapse of Lehman's ... and the whole sub-prime lending fiasco is that a lot of that stuff wasn't necessarily illegal."

[Angry Dragon]

10. What is the quote for the people that did not see or hear

the press conference??

[DFab420]

11. OMG How dare Obama speak teh truth!.....lame man..really lame.

[The Velveteen Ocelot]

12. Obama was correct. It wasn't illegal. That was the whole problem.

All those funny derivatives and weird mortgages were perfectly legal because the banking industry had been deregulated. You can't prosecute people for doing evil shit that's legal. All you can do is try to make that evil shit illegal.

[Nye Bevan]

13. OK. How would *you* have answered that question?

"Don't worry, that bastard Blankfein's going down, or my name's not Barack H Obama?"

[Pab Sungenis]

15. Actually, yes.

"I have instructed the Attorney General to conduct a full and complete investigation of the practices of Wall Street investment houses and investment banks. We will hold those who destroyed our economic system accountable."

[phleshdef]

14. You're right, all the talk about the need to reinstate GS and other reforms was just shits & giggles

[dtexdem]

16. What's the issue? It says that there was insufficient law and regulation to prevent the mess.

Whether or not Obama said it, the quote, or 'quote,' does underline one of the problems leading to the meltdown.

[BumRushDaShow]

17. Unrec for faux snooze-type out-of-context drivel. n/t