Socialism costs a lot of money.

[sgthoskins]

Originally Posted by GregW

If you think socialism is expensive wait until you try unregulated monopoly capitalism. I think we have and the financial collapse is the result. Just how expensive has it been for most people with collapsed retirement accounts and upside down mortgages? That is a tax on everyone that was imposed without any representation what so ever by a bunch of mendacious Wall Street thieves that did not want to take responsibility for their failed investments.

Get your facts straight and stop spewing out your usual left wing b.s.

The democrats were the ones that forced lending guidelines to those companies so even those who couldn't afford houses got loans. Well guess what? They couldn't afford them and they would almost always foreclose. When the housing market was booming this was good for the lenders. They got the original down payment, what little equity that was paid, and after the foreclosure the house was worth more than the original loan because the market was booming.

It was a win for the lenders. They were making more money on re-selling foreclosures than regular mortgages. Then the housing market came down just like is has every time it hits a high, it always comes down. Now these foreclosures were killing these lenders because most of the time the house was worth 10-20% less than the time of the original mortgage. Add that to less people buying and you have a very serious problem.

No Greg, if the democrats would have just let the market dictate who qualifies for a loan this would have never happened. But alas the democrats think everyone should live the American dream regardless if they have earned it.

Spew what you will, but the facts will set you free.

[sgthoskins]

Originally Posted by seamusnh

salary.com is free. If you find any examples of 50% (or even 20%) higher wages in Boston than in Nashua or Manchester, let us know...

Umm Greg can't be bothered with actual facts. That isn't the democratic way.

[seamusnh]

"monopoly capitalism"... An oxymoron if there ever was one... The essence of capitalism is competition, not monopolies. Would we have the current low cost telecommunications services if Ma Bell had not been broken up in 1984? Imagine the cell phone innovations they would have come up with.... Would we still have round trip flights from Boston to LA for $400 with plenty of airline to choose from if the government were still regulating airfares? Conservative capitalists like competition. How much better would K - 12 education in this country be if the public school system had competition in the form of vouchers that so that ALL parents had a choice of school rather than just the rich (ex. Obama sending his kids to private school in DC at $29k per year)?
Liberals want a single large monopoly called the government....