Chuch Todd- "Consumer spending got us into this mess."

[arcadian]

:wtf: Fuck you dude.

[Desimal]

1. Obama reminded him that the banks got us into this mess

Todd wouldn't know. He's filthy rich. He's clueless and disinterested about who the real culprits are.

[Deja Q]

12. Quite. It takes two to tango and there was a lot of pimping on the banks' side, like it or not.

[hendo]

17. Obama did acknowledge wreckless home purchases though

as one of the causes.

[SammyWinstonJack]

27. Reckless mortgage lending as brought on, and endorsed by, the bu$h maladministration.

[elizfeelinggreat]

25. That was great!

I was so happy he corrected that.

As a bonus, think how many people watching thought of that sage advice, "Go shopping" :D

[Veritas_et_Aequitas]

2. We should be easy on him.

They haven't had to really research anything for the last 8 years. They just took the WH's talking points and ran with them. His utter confusion is understandable. :sarcasm:

[Inspired]

3. There they go again, blaming this mess on the middle class.

[nadinbrzezinski]

4. He aint't getting a free ride from the President of the US

[ThomWV]

5. And he got that asshole statement handed right back to him

Discredited immediately.

[truebrit71]

6. Chuck Todd = Severely out of his depth

..and completely mis-understanding the basics...

[4 t 4]

8. It's all the peoples fault, TOOL

[Zynx]

7. Ummm...no. A financial market crisis caused by primarily poor banking practices did.

This is a rare downturn where the crash in economic activity can actually be directly linked to financial markets. I can't think of any other downturns in this country where that is true. The Great Depression does not even come close to fitting that mold.

[acmavm]

9. Wow! I bet his face is red after that dressing down. And Obama did it

with intelligence and class.

This guy's something.

[rocktivity]

10. Oh, but did you notice how Obama blew him off

He instantly said, he didn't agree with his premise, then went on his merry way talking about how the bank gambled on shaky assets?

:rofl:
rocknation

[Deja Q]

13. A comon sense President. Feels great, doesn't it?

:patriot:

[glitch]

18. Very sweet indeed. nt

[AlCzervik]

11. Chuck Todd=let them eat cake.

[brentspeak]

14. A consumer ECONOMY got us into this mess

Offshore all the good-paying, solid jobs, and let the People eat credit cards -- administered by Wall St. swindlers.

[malaise]

15. Weren't they following Chuckie's president

Bush - didn't he tell them to go shopping.

[glitch]

16. I am sure he meant the consumer spending on military contractors and derivatives*.

He's not a complete moran. Oh, wait. Is it too late to hit Post Message?

* to name a few bushdoggles.

[Ichingcarpenter]

19. doesn't Chuckie seem like a little Kid these days?

He's so over his head.

[DCKit]

20. When the President called on Chuck, I immediate mentioned what an ass he is...

then he went and proved my point beyond my wildest dreams.

It was great that the President didn't let him get away with it.

[rucky]

21. consumer spending artificially kept the economy afloat for longer than it should've

[hay rick]

24. "wealth effect"

People borrowed and spent based on artificially inflated net worths- inflated property values and inflated stock portfolio values. Much of that spending won't come back anytime soon. The economy should stabilize at a lower level of spending and output.

[originalpckelly]

22. "I like people who tell me I'm not responsible for doing anything wrong.

I mean just because I racked up thousands of dollars in credit card debt, bought a gas guzzling SUV, and a house I can't afford, doesn't mean I had anything to do with my problems. After all, the bankers put a gun to my head and told me I had to do it."

[Parker CA]

23. FAIL He had all day to draft a question and he couldn't get the info correct. n/t.

[mykpart]

26. But . . . but . . . Bush and Cheney told us to go shopping!