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It also has one tenth of our population and is not even in the same league as the US when it comes to diversity. It doesn't have an illegal immigration problem, and it has none of the historical racial issues that we do.
It is also not socialist, just slightly more so than the US. The closest comparison if you're looking at European style socialism is the UK. And they're going down the tubes.
Can you cite a source such as the CIA world factbook or any other objective source indicating that Canada is a socialist country? No you cannot. You are claiming that Canada is socialist. Back up that claim.
You can invest in oil and natural gas companies and make a killing, you can set up a tech business and make a killing, etc. I do not see socialism. Do you?
I think the U.S., Canada and Sweden are a combo pack, kind of a mixed bag of socialism and capitalism.
Canada has a single payer system. That is a socialist program.
That is one thing. That doesn't make them a socialist country. And it still means approximately nothing, for reasons pointed out earlier.
You guys crack me up. Switzerland. Lol.
Quote:
Originally Posted by Ghostrider275452
I think the U.S., Canada and Sweden are a combo pack, kind of a mixed bag of socialism and capitalism.
Every "socialist" European democracy is nothing more than capitalism with a little socialism tacked on. There's nothing wrong with it to some extent, it just wouldn't work here. Switzerland for example is smaller than NYC in population, among other things. That's why it's stupid to look at those countries and use them as some type of proof of the benefits more socialism would provide to the US.
He makes more sense than the idiot he was debating and knows what he is talking about! Cornel knows nothing and shouldn't have been there.
Exactly, so why did you post a video of two guys who don't know what they are talking about?
It would be one thing if y'all could elucidate WHY you like Schiff so much, but you don't even try. Bottom line, he tells you what you want to hear. He tells you that big government caused the financial crisis, and therefore shrinking it will prevent another one.
The interesting part is that we actually do have some over-reaching, non-market, government policies which are causing major problems, but Schiff doesn't argue against those! Not only is he wrong about the causes of the crisis, and wrong about how to fix it, but ideologically he's a hypocrite.
Last edited by Cletus Awreetus-Awrightus; 11-01-2011 at 08:54 AM..
The perfect storm the fed created.. the housing bubble was created by the interest rates falling. Every time the interest rates came down a percent, the builders raised the price of the same house. Also the hype to buy because of the lower interest rates offered to buyers.
The sub prime mortgage made it possible to get families in a home for a small mortgage because they payed no interest and the interest was tacked on the original mortgage making the mortgage even larger than the original cost of the home. When the mortgage adjusted the payments grew much larger on the mortgage and many could not afford that home.
The government deregulation allowed many to buy who would not have been able to because of strict regulation . Regulation changed and if you were breathing you could buy a house.
Builders raised prices due to demand. There were people camping out to bid on lots in subdivisions here in Northen Virginia. There was a housing SHORTAGE because there were more people now qualified to buy than there were available houses.
i'm not real familiar with cornel west, but i do think he is an interesting and smart guy. seems better than jesse jackson.
schiff is a loudmouth that goes Bill O'Reilly on everyone, you can't get a word in edgewise. He is more about style than substance. Too much of what he says is just flat out wrong, but since he doesn't listen, he never learns anything new. He's too busy preaching his gospel.
Too much? lol I'd like to see a few examples.
Schiff was correct when he told us the housing bill was bad news and we'd see a bubble.
Schiff blamed government for the problem, West blamed the bankers for buying off government.
I do agree with you about Schiff being aggressive at times. West is a good man and is very knowledgeable. I enjoy listening to him even when I disagree.
Exactly, so why did you post a video of two guys who don't know what they are talking about?
It would be one thing if y'all could elucidate WHY you like Schiff so much, but you don't even try. Bottom line, he tells you what you want to hear. He tells you that big government caused the financial crisis, and therefore shrinking it will prevent another one.
The interesting part is that we actually do have some over-reaching, non-market, government policies which are causing major problems, but Schiff doesn't argue against those! Not only is he wrong about the causes of the crisis, and wrong about how to fix it, but ideologically he's a hypocrite.
Your post questions why people like Schiff without giving reasons yet you give no reasons at all in your post about why Schiff is wrong. You call Schiff a hypocrite but your post is hypocritical.
Schiff said the free market doesn't make those loans and he was spot on.
Since when is it good economics to make mortgage loans to people who have shown no or little ability to save as well as having a below average ability to repay loans? There is a reason that those type of loans were not done in the past, its called a bad risk.
Were there other bad policies that fueled the failure and made it worse? Absolutely
But you treat the cause not the symptom. Don't make loans to people who have proven through their past actions they are bad risks.
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