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Ahhh! So the right wingers are back on the deregulation bandwagon!
Nevermind that we just had a catastrophic melt down of the banking industry due to deregulation of mortgage lending. Nevermind the SEC is doesn't have the resources or power to keep the same thing from happeing again.
They just want more deregulation.
Are Americans this stupid???????
Deregulation is the solution, not the problem.
Can you honestly sit there and blame the government for those people who failed to responsibly manage their own finances, thus defaulting on their debt??
Can you honestly sit there and blame the government for those people who failed to responsibly manage their own finances, thus defaulting on their debt??
As many experts who have traced the origins of the crisis have done.
Why don't you give us one expert who only blames the crisis on the home owners?
ok dude, use your little liberal brain for a second... i know this is hard, but try.... can you honestly blame the GOVERNMENT for someone who decided to purchase a $800,000 house while only making $45,000 a year?
If so, you are a complete buffoon. End of story.
... ps. and yes, for the record, the financial crisis can be attributed to two things: 1) irresponsibility of people who took out the loans they knowingly could not afford, and 2) the news media, for overhyping the state of the economy and creating a self-fulfilling prophecy by indirectly affecting people's spending habits. (interesting article here... http://www.articlesbase.com/entrepre...cy-603184.html)
Last edited by ryanst530; 01-18-2010 at 09:58 PM..
ok dude, use your little liberal brain for a second... i know this is hard, but try.... can you honestly blame the GOVERNMENT for someone who decided to purchase a $800,000 house while only making $45,000 a year?
If so, you are a complete buffoon. End of story.
As I thought! You cannot name a single one... It's YOU who is the expert!
Alan Greenspan, who I just linked to, is a nobody.
Despite right wingers praising him for his eight years under Bush.
Why listen to experts when you have your own ideology to keep you "informed"?...LOL
And what do you expect really? China is moving more and more towards a free-market, capitalist system and we're moving the opposite way! Socialism will be the fall of America.
Ah, excuse me?
1.The squandering of our surplus due to more government spending in wars over oil and an inept Homeland Security (Katrina and still no border wall?) by the fossil fuel industry's very own Dick "Dig Em'All Up " Cheney and his accomplice Georgie Boy.
2.The reverse robbe,..., er,.., Robin Hoods who steal tax payers money from the poor and give it the stingies.
3.Oh and the "free" (as in feel free to be suckered middle & working class Americans) trade agreements like NAFTA which allowed more businesses to outsource and more illegals to flood our (non-existent) gates.
If there has been any move toward socialism, its toward corporate socialism. And yes this very well could be America's downfall.
Quote:
Originally Posted by ryanst530
The increase in regulations and tax laws in this country is and will continue to prevent businesses from hiring and sparking innovation.
Wasn't the iconic good old days of the 50's and 60's the time when we DID have strong government regulations and job/economic growth. Could it be that "Too Big To Fail" has become a euphemism for an oligopoly?
Quote:
Originally Posted by ryanst530
I can only hope that the socialism "fad" here in the US will die quickly, otherwise America will permanently change for the worse.
Yes, I absolutely agree, corporate socialism is so last decade. There are some Chicago School of Economics (egg heads whose theories have guided our economy since Reagan) that are on the same page.
As I thought! You cannot name a single one... It's YOU who is the expert!
Alan Greenspan, who I just linked to, is a nobody.
Despite right wingers praising him for his eight years under Bush.
Why listen to experts when you have your own ideology to keep you "informed"?...LOL
Because what I am saying is the truth... lol....
Can you honestly tell me that I am WRONG with what I am saying? No you can't. You may not believe that what I am saying is what actually happened, but at the same time you cannot prove that I am wrong either.
However, I am very confident that I am right. In fact I would guarantee it.
When people use the term "American Exceptionalism" they are not referring to economics. You should ask a Chinese national how they feel about it.
PS: It looks as though Amazon.com has slashed the price of the book that you so smarmily linked by a third. I wonder why.
Maybe because Amazon offers discounts on its books since its beginning.
Got anything actually constructive to say on the topic?
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No you can't. You may not believe that what I am saying is what actually happened, but at the same time you cannot prove that I am wrong either.
