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View Poll Results: Vote for most to blame!
Bush admin.. and the legis.. 13 14.61%
Obama admin.. and the legis.. 18 20.22%
Clinton admin.. and the legis.. 3 3.37%
Big Businesses Best Buddy's with Big Gov 6 6.74%
Crazy Exp.. / Reckless Gov Creations 3 3.37%
Value Combo of 1 and 4 7 7.87%
Value Combo of 1 and 4 and 5 0 0%
Value Combo of 2 (and/or 3) and 4 3 3.37%
Value Combo of 2 (and/or 3) and 5 3 3.37%
Value Combo of 2 and (and/or 3) and 4 and 5 4 4.49%
ALL OF THEM 12 13.48%
OTHER (comment why you chose other in this thread) 17 19.10%
Voters: 89. You may not vote on this poll

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Old 12-06-2013, 06:55 PM
 
Location: Vallejo
13,485 posts, read 15,112,814 times
Reputation: 11954

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Other:

Literacy in the United States - Wikipedia, the free encyclopedia

20% of the country is functionally illiterate. Pretty amazing.
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Old 12-06-2013, 07:25 PM
 
8,306 posts, read 3,481,171 times
Reputation: 1591
Quote:
Originally Posted by Rakin View Post
Seems like OBL may have been the big winner after Sept 11 after all.

Our Govt purposely kept interest rates below market and the foot on the accelerator to keep us from sliding into a recession.
When it hit, it hit harder than if they had allowed it to happen in 2002-04.

OBL may be dead but we are still paying a huge price. Much of our policies the last 10 years have been a response to 9/11.

Like ripples in the water after a stone was cast.
The Post 9/11 recession is long since gone and recovered. Compared to 2008 a relative fart in a tornado!
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Old 12-06-2013, 07:44 PM
 
Location: London
70 posts, read 53,259 times
Reputation: 71
Quote:
Originally Posted by Rakin View Post
Seems like OBL may have been the big winner after Sept 11 after all.

Our Govt purposely kept interest rates below market and the foot on the accelerator to keep us from sliding into a recession.
When it hit, it hit harder than if they had allowed it to happen in 2002-04.

OBL may be dead but we are still paying a huge price. Much of our policies the last 10 years have been a response to 9/11.

Like ripples in the water after a stone was cast.
I don't think the terrorists can really win, but the US people mainly and much of the rest of the world are the ones who lost. More disturbing is that the Establishment is very happy to first create enemies and then to reduce liberty and enhance control over people (by using their own money) when those enemies find a way to strike back.
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Old 12-06-2013, 08:03 PM
 
Location: DFW - Coppell / Las Colinas
30,012 posts, read 34,660,144 times
Reputation: 36045
Quote:
Originally Posted by Hoonose View Post
The Post 9/11 recession is long since gone and recovered. Compared to 2008 a relative fart in a tornado!
The recession that should have happened after 9/11 was not allowed to happen.
Feds artificially lowered interest rates to keep us out of a recession.
They passed a lot of new laws to keep us out of a post 9/11 recession.

All they did was make it worse and stall it for a few years.
If they had allowed it to happen naturally it would not have been as deep or as bad.

They used housing to fuel the fire and they had a huge implosion.
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Old 12-06-2013, 08:19 PM
 
15,863 posts, read 8,466,054 times
Reputation: 6291
All of them. Both parties are failing us.
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Old 12-06-2013, 08:44 PM
 
7,206 posts, read 5,286,133 times
Reputation: 7862
Quote:
Originally Posted by ovcatto View Post
The problem is very simple, when 70% of GDP is based upon consumer spending and consumers don't have either the money or the desire to consume, the economy falters.
Pretty much this.

To answer why consumers have no money to spend, we need to go much further back.

Reagan is the single most destructive force to ever hit the American economy. Thirty years later, the utterly idiotic, obviously terrible ideas of that administration are still with us. And thirty years later, exactly what any rational person would have predicted would happen, has in fact occurred. Yet for some reason people continue to cling to the fantasy and hold up perhaps the most destructive president in US history as some sort of god.
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Old 12-06-2013, 08:47 PM
 
8,306 posts, read 3,481,171 times
Reputation: 1591
Quote:
Originally Posted by Rakin View Post
The recession that should have happened after 9/11 was not allowed to happen.
Feds artificially lowered interest rates to keep us out of a recession.
They passed a lot of new laws to keep us out of a post 9/11 recession.

All they did was make it worse and stall it for a few years.
If they had allowed it to happen naturally it would not have been as deep or as bad.

They used housing to fuel the fire and they had a huge implosion.
We had a sensible enough of a pull back after 9/11. Bubbles and crashes are just like SHT - they happen. A Black Swan if there ever was one!

Low rates alone would not have been enough of a stimulus to create such a large credit bubble. IMO. Because along with Gov't regulatory malfeasance that allowed all of it to be written and accumulated, it also took serious malfeasance on S&P's part in rating all the many trillions of crap arcane mortgage paper in the first place.
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Old 12-06-2013, 11:01 PM
 
Location: San Antonio
2,819 posts, read 2,773,468 times
Reputation: 1245
We citizens are responsible. We hold no one accountable anymore.
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Old 12-06-2013, 11:11 PM
 
Location: Prepperland
13,159 posts, read 9,243,771 times
Reputation: 9057
All Americans who voted for, signed up or otherwise condoned the socialist slavery of FICA are at fault.

Once Americans embraced the notion that it was "moral" for government to take from one to give to another, under threat, duress and coercion, it was ALL OVER.
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Old 12-06-2013, 11:14 PM
 
Location: Arizona
12,758 posts, read 7,385,035 times
Reputation: 6738
Quote:
Originally Posted by jetgraphics View Post
All Americans who voted for, signed up or otherwise condoned the socialist slavery of FICA are at fault.

Once Americans embraced the notion that it was "moral" for government to take from one to give to another, under threat, duress and coercion, it was ALL OVER.
I guess you and your kind have been screwed for quite a while with that attitude. Meanwhile the rest of us have created a robust society that forges onward.
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