Owner59
Posts: 17033
Joined: 3/14/2006 From: Dirty Jersey Status: offline
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quote:
ORIGINAL: ArizonaSunSwitch quote:
ORIGINAL: Owner59 It`s been one day and you have it all nailed down and it`s all bad. I`ll give him a little more time. A honeymoon. Please, you'll support whatever he does as long as he spews the proper rich vs poor rhetoric. quote:
If you define government power by regulating Wallstreet,Banks,polluters,corporate thieves and predatory capitalist scalawags,then I say bring it on! The crash/recession,it`s real and not just meaningless boiler-plate rhetoric,like government is bad or liberty is being taken. The credit crash was caused by government and being used by government to grab even more power over commerce and individual liberty. But, hey, doing even *more* of the same will create different results, right ? [quote Talk to someone elderly who`s whole retirement has been taken, about liberty. Not true ,the credit cruch was caused be erasing the line between Wallstreet and Banks. By removing the rule that said banks couldn`t speculate/gamble.It was the lack of oversight and greedy financial industry types,who lobbied for less and less rules/regulation. Like your good`ol buddy Phil"Americans are whiners" Grammy/McCain adviser got a law passed that allowed banks to make high risk speculative investments. He wasn`t in government at the time he screwed us.He was a lobbyist working against the consumer`s interest. And bush`s SEC or lack of it, allowed financial insts. to leverage money 30 to 1! Again,that`s 30 to 1. Unbelievable and a great example of how markets do not regulate themselves. Let them take advantage and they will.Let them make their own rules and the consumer gets shafted and the taxpayer gets the bill and ruined economy. bush presided over the biggest ponzy scheme in history and let it happen b/c of neo-con anti-regulation policy. "Markets regulate and correct themselves","Get the government out of it" and the rest of that nonsense that defines neo-conservatism, is now dead. It`s real to.The commercial credit markets are frozen.Commercial paper is the financial life blood of business and it`s not there. This is why we`re losing a half million jobs a month.B/c businesses can no longer operate from payday to payday without commercial paper,ie.short term credit. Are you gonna call those Americans who lost their incomes whiners?! You gonna call those Americans who are losing their homes,whiners?! And all of the seniors who`ve lost all their retirements and must go back to work or go on welfare.......... Are they whiners too?!
< Message edited by Owner59 -- 1/24/2009 8:02:14 AM >
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"As for our common defense, we reject as false the choice between our safety and our ideals" President Obama
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