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Looking back it all seems so obvious. .com, housing, commodities and now the final bubble: the whole economy was one big Reagonomics deregulation bubble. The whole house of cards has collapsed and there won't be a quick fix next year, or the year after, or the year after. Imagine if oil goes back up.
Looking back it all seems so obvious. .com, housing, commodities and now the final bubble: the whole economy was one big Reagonomics deregulation bubble. The whole house of cards has collapsed and there won't be a quick fix next year, or the year after, or the year after. Imagine if oil goes back up.
I suppose the moral hazard presented by an implicit guarantee of Fannie and Freddie by the US taxpayer and market distorting interest rates after the NASDAQ crash had nothing to do with the collapse, let alone the welfare/warfare state we live in, that subsidizes dead beats, countries who wont fight their own battles, and corrupt bureaucrats across party lines. How can free market capitalism be to blame? The playing field was never free/equal to begin with.
Wait till inflation kicks in, once the bailout money works its way through the system. Ironically that will be what sends the US economy into great depression version 2.
it is ironic that the parties are still blaming each other. i saw an interesting story about how neocons and neoliberals actually helped bring us to where we are now.
whatever the parties used to be, now both the republican and democratic parties are now run by people with identical agendas: make the big corporations richer and to protect the money.
There is only one party, which simply puts on different faces depending on which "branch" of the party is in power. If it is the democratic branch, there is a slightly liberal social veneer to the mask, more funding for social programs, a little more nice guy talk, a little more of a laissez faire attitude towards gays and minorities.
if its the republican branch, there's a little more tough guy talk, quicker moves towards military strategy, an affirmation of religion, and a tad more centralization of power in the president.
Okay. Anybody who thinks the Republicans or the Democrats are responsible by themselves is a halfwit.
Pretty much, both political parties are complicit. Short of electing somebody like Ron Paul, I don't know who has clean hands on the subject of economics.
Looking back it all seems so obvious. .com, housing, commodities and now the final bubble: the whole economy was one big Reagonomics deregulation bubble. The whole house of cards has collapsed and there won't be a quick fix next year, or the year after, or the year after. Imagine if oil goes back up.
Npo0 with terh rise in debt from after the deficit fell several ywears after 9-11 and how is slated to rise to the largest per cantage of GDP with the stimulis packages and the bailouts pluc theor spending;it wil;l be the real change that the democrtis congress brought two years ago. They bribe senators with pork to pass the bailout of wall street on s second vote and how they are workiing on bribes to get part of that for the big three. Then of course the two stimulis packages to come they promise. In the end its the same old politics of paying the specail interest groups for thier support ans votes. Campaigning on lowering the deficit and how having the big in real terms as poer centage of the GDP in history. New demcratis leadership is worse than any in histroy so its no wander have the lowest popuklarity in histroy even lower than Bush's.
it is ironic that the parties are still blaming each other. i saw an interesting story about how neocons and neoliberals actually helped bring us to where we are now.
whatever the parties used to be, now both the republican and democratic parties are now run by people with identical agendas: make the big corporations richer and to protect the money.
There is only one party, which simply puts on different faces depending on which "branch" of the party is in power. If it is the democratic branch, there is a slightly liberal social veneer to the mask, more funding for social programs, a little more nice guy talk, a little more of a laissez faire attitude towards gays and minorities.
if its the republican branch, there's a little more tough guy talk, quicker moves towards military strategy, an affirmation of religion, and a tad more centralization of power in the president.
Yep. And they rile us up to fight amongst ourselves. Meanwhile, they sit back, fat and happy.
Location: Georgia, on the Florida line, right above Tallahassee
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I saw a Congress woman on T.V. today. As she so eloquently put it, " I don't see why we can't use 4 percent of the 700 billion TARP to save these jobs."
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4 percent is 28 billion, not 25 for one thing. This person can't even do basic math....or maybe they CAN do the math, but you know...trying to be slick or something.
The other is IT WASN'T SUPPOSED TO BE USED FOR THAT, MORON. I can see that....why can't our elected representatives see that?
Wait till inflation kicks in, once the bailout money works its way through the system. Ironically that will be what sends the US economy into great depression version 2.
You're right! Once the bailout money is gone there will be hardly any private cash out there to stimulate the economy. Over the past several months I kept asking myself how could we do this too ourselves? It just doesn't make sense.
Is this the part where its our duty as citizens to support the government and pay for corporate America's mistakes? I have a headache.
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