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Old 04-25-2008, 11:23 AM
 
Location: Boise
2,684 posts, read 6,178,378 times
Reputation: 1000

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Quote:
Originally Posted by expat007 View Post
why blame the government for Greenspan keeping the interest rates down so that the rich can make quick capital gains on the sell of crackhouses to the poor who cant afford to keep up with the joneses???

Dubya's conservative team is the one responsible for letting his corporate mates rort the American people

I don't disagree with you here. I blame the government for Greenspan because he is the government. I blame Bush for not truly follwing conservative economic principle, hell Ron Paul is about the only Republican who holds a nation wide office who still does. My point is the government should stay out of economics all together. We should disband the Federal Reserve and stop all of this nonsense.

Politics screw up economics, whether you're a Democrat or a Republican.

There is also nothing wrong with corporations, W. went wrong because he favors some corporations. This is not a true free market.
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Old 04-25-2008, 12:37 PM
 
1,572 posts, read 3,677,773 times
Reputation: 512
Quote:
Originally Posted by JustinFromBoise View Post
We wouldn't be in the mess we are in now if any regulation never occured. Under a true free market capitalist society, failing banks would fail. New banks would arise.
That wouldn't work because peoples expectations about the market are often not rational- and sometimes there isn't that lone voice telling people to calm down and think for a moment, at least often this voice is ignored. That's why pure capitalism fails. Unmanaged capitalism destroys itself and has harsh boom and bust cycles. If you believe that the economy should serve human needs, then this is not acceptable.

Quote:
Banks wouldn't have been forced to give loans to people who couldn't afford it.
This just isn't true. Nobody was forcing banks to given predatory loans to people in cities like Cleaveland who obviously could not pay the loans back. The banks were just "irrationally exuberant", or in common-speak, greedy. Even in Florida banks gave loans to people even when economic fundamentals, such as wages, were not there.

Quote:
Interest rates wouldn't have been kept artificially low, so people wouldn't have been capable to buy a house they couldn't afford.
OTOH, if interest rates hadn't been lowered, there would have been no economic recovery for many more years. As much as Alan Greenspan is hated by the libertarian wingnut Ron Paul supporters, the Fed has an important job to manage capitalism. By lowering interest rates, he helped belay the permanent demand erosion that tends to happen in severe recessions and depressions. It just so happened that a Republican Congress had pushed housing deregulation to the point that the American economy sold itself enough rope to hang itself.

Quote:
Without government involved in the private financial sector, people would have been forced to live within their means.
In other words we'd still be in a recession.
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Old 04-25-2008, 12:44 PM
 
Location: Boise
2,684 posts, read 6,178,378 times
Reputation: 1000
Quote:
Originally Posted by Magnulus View Post

In other words we'd still be in a recession.
We are in a recession. And living within one's means is never a bad thing.
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Old 04-25-2008, 02:29 PM
 
Location: Sitting on a bar stool. Guinness in hand.
4,429 posts, read 5,655,300 times
Reputation: 1698
Default protected by buddha

Quote:
Originally Posted by Yeledaf View Post
Whew. Thanks. I was afraid that the pandemic of national schizophrenia had spread to Massachusetts.

We are relieved.
Nope no schizophrenia up here. We are protected by our great Buddha Ted Kennedy. Rub his stomach and it will bring you good luck!


http://www.rushlimbaugh.com/home/eibessential/illustrating_absurdity/breakfast.Par.0005.ImageFile.jpg (broken link)
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Old 04-25-2008, 03:36 PM
 
Location: Near Manito
19,495 posts, read 20,832,721 times
Reputation: 13756
Back to the OP for a sec, okay?

Kathleen Parker hits the nail on the head, as usual...

"Are white males misogynistic and racist? Or are they weary of being the only group in America that is fair game for contempt, insult and blame?"

Townhall.com::White Males Aren't Feeling the Love::By Kathleen Parker
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Old 04-25-2008, 03:41 PM
 
Location: Near Manito
19,495 posts, read 20,832,721 times
Reputation: 13756
Here's a comment in reponse to Nora Ephron's argument that white men will vote for Hilary or Obama, "depending on whom they hate least."

Gotta love this guy....

Why would we hate anyone?

We are the most confident, successful, powerful and capable group of mortals ever to have walked the earth.

Weak people hate those who are stronger. Cowards hate the brave. The lazy hate the provident. Greedy people hate those who give willingly and selflessly.

We are strong enough to love those weaker than ourselves.

We acknowledge that God is ultimately in charge and so we bravely execute the orders we are given, trusting in Him that righteousness will prevail -- and it always does.

We work hard and give selflessly in caring for our families and those less forunate in our communities.

We get what we want, when we want it and how we want it. But we do so humbly, never forgeting the source of our blessings and bounty.

We love our God, our women, our children and our country and we are the only group who readily and routinely give up our lives in defense of those we love.

We destroy enemies who threaten us or those we love without hesitation, mercy or regret.

But we don't hate anyone.
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Old 04-25-2008, 03:50 PM
 
Location: LA
19 posts, read 44,737 times
Reputation: 14
Quote:
Originally Posted by miu View Post
My boyfriend is white, college educated and 26 years old. He supports Hillary. And if it's between Obama and McCain this fall, he will be voting for McCain.
You both sound uneducated if you're going to "switch" seeing that Hillary and Obama have the same ideas, just in different packages. Typical Clinton demographic.



Anyway, white male here for Obama. I'm considered white collar though, so I guess it's obvious who I'm voting for.
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Old 04-25-2008, 05:09 PM
 
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,248 posts, read 21,252,185 times
Reputation: 3587
Quote:
Originally Posted by jnestorr View Post
This looks like a typical Clinton supporter....
He is bitter and clinging to his shoes and newspaper!
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