CLAIM: liberals destroyed the economy in 2 yrs.!

tieguy

Banned
Many Democrats voted for these piles of crap. However the Republicans were the majority, they were the ones pushing them through, they were the deregulators, the were the ones getting huge campaign contributions from finance, insurance, banking and real estate companies. The Republicans controled all 3 branches of government for 6 years. In fact the Republicans have controlled both the legislative branches for 12 of the past 14 years.

Hmmm let me get this straight braveheart democrats and republicans voted for this legislation but the republicans were the ones that got the huge campaign contributions. The democrats that voted for it did not get any incentive to vote for it? No pork, no campaign contributions? Only the republicans?

God help me no wonder Obama is in the lead when you have people believing this kind of rhetoric.
 

moreluck

golden ticket member
Make sure you try to catch Barney Frank's re-election commercial about himself. What a bunch of gall !! He's a real jerk !!
 

av8torntn

Well-Known Member
Derivatives trading, credit default swaps, short sales and deregulation have only made the stock market legalized gambling with no money in the bank, no credit, no limits, no one at the wheel and no one keeping any thing honest.

.

Derivatives trading. credit swaps, short sales, and deregulation only act to stabilize markets. Your Government regulations, and price supports cause these market bubbles that normally seek to correct themselves.

Let me get this straight you think that by pricing some labor out of the labor market this has no effect on the economy? You think that by telling banks who they must lend money to this causes a stable credit market? Seriously are you joking?
 

passerby

Well-Known Member
Derivatives trading. credit swaps, short sales, and deregulation only act to stabilize markets. Your Government regulations, and price supports cause these market bubbles that normally seek to correct themselves.
That certainly doesn't seem to be the case in our current financial crisis.

Isn't McCain calling for price supports to prop up the mortgage crisis? Seems that way to me. Renegotiating mortgages to reflect current values, and have the taxpayers foot the bill for the difference sounds like price support, or even (gasp!) socialism!
 

av8torntn

Well-Known Member
That certainly doesn't seem to be the case in our current financial crisis. Well it certainly is.

Isn't McCain calling for price supports to prop up the mortgage crisis? Seems that way to me. Renegotiating mortgages to reflect current values, and have the taxpayers foot the bill for the difference sounds like price support, or even (gasp!) socialism!

Yes he is. You I would guess have no room to complain about this. I am fairly confident that you fully support price supports by the federal government.
 

passerby

Well-Known Member
Yes he is. You I would guess have no room to complain about this. I am fairly confident that you fully support price supports by the federal government.
Actually, I am in such a position that I don't support mortgage bailouts, and would disagree on your assertation that deregulation stabilizes the economy.

Price supports on commodities? Absolutely, on housing? Let the chips fall where they may, same with bailouts the way the Treasury is conducting them. The British approach seems to be better.
 

av8torntn

Well-Known Member
Actually, I am in such a position that I don't support mortgage bailouts, and would disagree on your assertation that deregulation stabilizes the economy.

Price supports on commodities? Absolutely, on housing? Let the chips fall where they may, same with bailouts the way the Treasury is conducting them. The British approach seems to be better.

When you allow willing sellers meet willing buyers in the market it becomes stable. The very old invisible hand argument takes over. When you allow an individual to pursue his own self interests it tends to promote the good of the community. This works in all things not just housing. You could apply this to the labor market, the health care market, the housing market, the commodities and well the list goes on and on.

So you say you are all for price supports on commodities. Why do you promote farm subsidies but not housing subsidies? How high do you wish to drive food prices? I would think most people would rather see lower food prices than lower housing prices. This is just out of curiosity as I know you will not change my mind. I personally believe that all this government intervention is the problem not the cure for the problem. By the way the dims had to suspend the paygo rules in congress this year to provide more farm subsidies.
 

passerby

Well-Known Member
The problem lies when you are allowed to make a bet without the capital to back it, and it is legal to do so. That was one of the causes of the meltdown.

I have a feeling that a lot of the sellers in the current market aren't exactly willing to sell, but rather forced to sell.

The Friedman/Reagan/Greenspan model is a total failure.

Some things need to be regulated. Traffic and finance, to name a couple.
 

av8torntn

Well-Known Member
The problem lies when you are allowed to make a bet without the capital to back it, and it is legal to do so. That was one of the causes of the meltdown.

I have a feeling that a lot of the sellers in the current market aren't exactly willing to sell, but rather forced to sell.

The Friedman/Reagan/Greenspan model is a total failure.

Some things need to be regulated. Traffic and finance, to name a couple.

You could have just said you did not want to answer any of the questions I posed to you. Anyhow that is a very funny post there. Thanks for the laugh.
 

passerby

Well-Known Member
Sorry there, North Tenn.

I don't have the time to get into a lengthy economics disscussion with you, nor the inclination.

I assume you are a believer in Friedman economics?
 

av8torntn

Well-Known Member
Sorry there, North Tenn.

I don't have the time to get into a lengthy economics disscussion with you, nor the inclination.

I assume you are a believer in Friedman economics?

Is there a north TN?

That's OK take your time, get with team Hussein, and have them tell you what to think. I was here before this election and if I am allowed to stay I plan on remaining after the election.
 

toonertoo

Most Awesome Dog
Staff member
Is there a north TN?

That's OK take your time, get with team Hussein, and have them tell you what to think. I was here before this election and if I am allowed to stay I plan on remaining after the election.
Thats right av8tortn. we will still be here when they are all gone.
 
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