Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The U.S. stock market is wrapping up what is likely to be its worst decade ever. In nearly 200 years of recorded stock-market history, no calendar decade has seen such a dismal performance as the 2000s.
The 80s were one of the best decades for the stock market and Reagan slashed tax rates much more dramatically than Bush. I guess the real take away is Bush didn't cut them enough!
It is much more complicated than the modest tax cuts that W. enacted. Those cuts actually served as short term stimulus (similar to the recent stimulus tax cuts that Obama advocated) back in 2001.
To explain the recession would take more time and energy than I have -- but I couldn't let the blame be placed on a few modest tax cuts. No way.
It is much more complicated than the modest tax cuts that W. enacted. Those cuts actually served as short term stimulus (similar to the recent stimulus tax cuts that Obama advocated) back in 2001.
To explain the recession would take more time and energy than I have -- but I couldn't let the blame be placed on a few modest tax cuts. No way.
Don't take it so seriously, this is a troll thread.
Don't take it so seriously, this is a troll thread.
Oh, does that mean it was a joke? It's hard to say what some people believe or not. I don't think most people, who are so busy with their jobs and families, have the time (until they retire) to really figure out what's going on half the time.
But, anyway, tax cuts are part of stimulating the economy, what sinks it is when a few crooked people get away with unethical business practices -- or, like with the year 2000, a bunch of businesses founded on terrible ideas crop up. I can say one thing: I would have never, when I was buying my first house, put my family in the situation so many Americans did by just accepting dumb loans!
Free market actually gives the consumers a choice. If you can't pay that loan, don't get it. The market will correct itself, trust me.
Because Reagan started the financial deregulation process back in 84 and every president since has continued the process until the financial industry started selling securities that were composed of thin air and they didn't even understand it. It all crashed in 2007. When the varible rate martgages started to reset and the Credit Default Swaps were leveraged at a 70 to 1 ratio. Short answer
Because Reagan started the financial deregulation process back in 84 and every president since has continued the process until the financial industry started selling securities that were composed of thin air and they didn't even understand it. It all crashed in 2007. When the varible rate martgages started to reset and the Credit Default Swaps were leveraged at a 70 to 1 ratio. Short answer
Don't forget CRA and Obama is at it again threatening the banks if they don't make loans while at the same time his regulators are demanding increased reserves.
Don't forget CRA and Obama is at it again threatening the banks if they don't make loans while at the same time his regulators are demanding increased reserves.
Oh, does that mean it was a joke? It's hard to say what some people believe or not. I don't think most people, who are so busy with their jobs and families, have the time (until they retire) to really figure out what's going on half the time.
But, anyway, tax cuts are part of stimulating the economy, what sinks it is when a few crooked people get away with unethical business practices -- or, like with the year 2000, a bunch of businesses founded on terrible ideas crop up. I can say one thing: I would have never, when I was buying my first house, put my family in the situation so many Americans did by just accepting dumb loans!
Free market actually gives the consumers a choice. If you can't pay that loan, don't get it. The market will correct itself, trust me.
No, a troll thread is a thread that is based upon a distorted premise designed to get a rise out of the opposition. The original poster understands it is not supportable and rarely participates in the ensuing discussion.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
