KaskadskyjKozak Posted January 17, 2008 Posted January 17, 2008 i wish the fallacy of this kind of logic was a bit more transparent to the hoi polloi.... it's all Greek to me Quote
pink Posted January 17, 2008 Posted January 17, 2008 hey i know! let's cut taxes on the richest again to stimulate the economy! every natural downturn in the economy will serve as a wonderful excuse to eventually eliminate all taxes! link. i wish the fallacy of this kind of logic was a bit more transparent to the hoi polloi.... so if i win the lottery tomorrow and get rich i'm gonna get a tax break? Quote
Hendershot Posted January 17, 2008 Posted January 17, 2008 Prior to Bush's tax break, the highest rate was 38.6% now it is 35% Quote
JosephH Posted January 18, 2008 Posted January 18, 2008 The mortgage mess was started by Clinton who wanted to make homes "more affordable". meddling socialist engineers always trying to "solve" some problem with big gov't and only creating more problems... which of course they will "solve" with big gov't. repeat. meanwhile Archie pays more taxes Both comments are completely incorrect. The root of the crisis was Bush leaning on Greenspan to push interest rates lower after the dotcom crash to sustain the only sector of the economy with legs - housing. Together they pushed interests rates way down while simultaneously providing the mortgage market regulatory protection for predetory lending practices and mortgage market instruments which decoupled the incentives of banks to lend from the ability of homeowners to repay those loans. The entire crisis was a wholly owned and manufactured scheme by the administration to provide the appearance of a "healthy economy" while waging war in Iraq and cutting taxes on the rich. Meanwhile, the administration and their corporate cronies have been f#cking Archie and his wife in the ass at every turn since the first day an all-republican government took office in 2000. Quote
prole Posted January 18, 2008 Posted January 18, 2008 Both comments are completely incorrect. The root of the crisis was Bush leaning on Greenspan to push interest rates lower after the dotcom crash to sustain the only sector of the economy with legs - housing. Together they pushed interests rates way down while simultaneously providing the mortgage market regulatory protection for predetory lending practices and mortgage market instruments which decoupled the incentives of banks to lend from the ability of homeowners to repay those loans. The entire crisis was a wholly owned and manufactured scheme by the administration to provide the appearance of a "healthy economy" while waging war in Iraq and cutting taxes on the rich. Meanwhile, the administration and their corporate cronies have been f#cking Archie and his wife in the ass at every turn since the first day an all-republican government took office in 2000. Thanks for the reality dose. The "mortgage market regulatory protection" you speak of is only the tip of the iceberg with regard to a whole host of deregulatory policies that have enriched corporate finance capital while increasing economic instability and possibility of widespread damage. Quote
KaskadskyjKozak Posted January 18, 2008 Posted January 18, 2008 Both comments are completely incorrect. The root of the crisis was Bush leaning on Greenspan to push interest rates lower after the dotcom crash to sustain the only sector of the economy with legs - housing. Together they pushed interests rates way down while simultaneously providing the mortgage market regulatory protection for predetory lending practices and mortgage market instruments which decoupled the incentives of banks to lend from the ability of homeowners to repay those loans. The entire crisis was a wholly owned and manufactured scheme by the administration to provide the appearance of a "healthy economy" while waging war in Iraq and cutting taxes on the rich. Meanwhile, the administration and their corporate cronies have been f#cking Archie and his wife in the ass at every turn since the first day an all-republican government took office in 2000. Thanks for the reality dose. The "mortgage market regulatory protection" you speak of is only the tip of the iceberg with regard to a whole host of deregulatory policies that have enriched corporate finance capital while increasing economic instability and possibility of widespread damage. let's resurrect a dead thread and babble about the same old political crap. Quote
roboboy Posted January 18, 2008 Posted January 18, 2008 I think this is basically what this thread turned out to be about... Quote
KaskadskyjKozak Posted January 18, 2008 Posted January 18, 2008 gee, stocks went down?!?!? OMG! That never happens. Stocks only go up. Quote
Jim Posted January 18, 2008 Posted January 18, 2008 It's a great example of (current) Republican policies. Reduce taxes while going to an unneeded war, reduce oversight on finacial instutions, allow carte blanche in packaging and repackaging dubious mortgages as investment vehicles, and don't invest in long-term growth. Excellent. Great. Highest inflation in 20 years, housing starts have plummetted, foreclousures are going to balloon, huge federal debt, the only folks that have made out well are the CEOs and the Wall Street derivitive marketers, while the normal working folks are just beginning to see the reckoning. And we have 11 months more of these idiots. It will be good to get some adult supervison back in control of things. But it will be like cleaning up after the mother-of-all frat parties. Quote
chucK Posted January 18, 2008 Posted January 18, 2008 (edited) Yes often go down, but this last couple of day is scaring me. All this negative business news keeps coming out, followed by DOW down 300. Ugh. Check out the DOW for the last decade What we're in now seems like it could be pretty significant. Edited January 18, 2008 by chucK Quote
prole Posted January 18, 2008 Posted January 18, 2008 let's resurrect a dead thread and babble about the same old political crap. "Nothing to see here, keep moving, move along, nothing to see here..." Quote
sexual_chocolate Posted January 18, 2008 Posted January 18, 2008 i wish the fallacy of this kind of logic was a bit more transparent to the hoi polloi.... it's all Greek to me i know we're on different sides of the fence on this issue, but what cracks me up is running into down and out paid signature collectors trying to get you to support the elimination of estate taxes and other such taxes that support the very infrastructure that the down and out might use to give their lives a little help. Quote
sexual_chocolate Posted January 18, 2008 Posted January 18, 2008 Yes often go down, but this last couple of day is scaring me. All this negative business news keeps coming out, followed by DOW down 300. Ugh. Check out the DOW for the last decade What we're in now seems like it could be pretty significant. "significant" in what way? Quote
KaskadskyjKozak Posted January 18, 2008 Posted January 18, 2008 Yes often go down, but this last couple of day is scaring me. All this negative business news keeps coming out, followed by DOW down 300. Ugh. Check out the DOW for the last decade What we're in now seems like it could be pretty significant. well, my 401(k) looks like shit, that's for sure. Quote
KaskadskyjKozak Posted January 18, 2008 Posted January 18, 2008 i wish the fallacy of this kind of logic was a bit more transparent to the hoi polloi.... it's all Greek to me i know we're on different sides of the fence on this issue, but what cracks me up is running into down and out paid signature collectors trying to get you to support the elimination of estate taxes and other such taxes that support the very infrastructure that the down and out might use to give their lives a little help. i was just making a joke about your use of hoi polloi. :-) Quote
sexual_chocolate Posted January 18, 2008 Posted January 18, 2008 i wish the fallacy of this kind of logic was a bit more transparent to the hoi polloi.... it's all Greek to me i know we're on different sides of the fence on this issue, but what cracks me up is running into down and out paid signature collectors trying to get you to support the elimination of estate taxes and other such taxes that support the very infrastructure that the down and out might use to give their lives a little help. i was just making a joke about your use of hoi polloi. :-) yeah, but just felt like throwing in a non-sequitur for the hell of it. Quote
Jim Posted January 18, 2008 Posted January 18, 2008 So given the track record of the Republicans this past 7 yrs, which party are you votin' for in 2008? Quote
sexual_chocolate Posted January 18, 2008 Posted January 18, 2008 btw for anyone interested, yesterday's wall street journal has a great front page article about citigroup, merrill lynch, foreign investment, and the us economy. Quote
sexual_chocolate Posted January 18, 2008 Posted January 18, 2008 So given the track record of the Republicans this past 7 yrs, which party are you votin' for in 2008? the surge is working, the shiite government wants the US there, the economy and the stock market have both been booming the last few years.... McCain in '08? Quote
Seahawks Posted January 18, 2008 Posted January 18, 2008 So given the track record of the Republicans this past 7 yrs, which party are you votin' for in 2008? Quote
rob Posted January 18, 2008 Posted January 18, 2008 So given the track record of the Republicans this past 7 yrs, which party are you votin' for in 2008? it's funny how a supporter of Bush could make fun of how Hillary looks. Quote
Jim Posted January 18, 2008 Posted January 18, 2008 While she would not be my first choice, yes, I'd vote for Hillary over the current crop of republican choices, especially given the recent record. Thank goodness Bush will soon be relegated to the one chore he seems to be fit for, clearing brush at his Texas ranch. What a legacy. Quote
Seahawks Posted January 18, 2008 Posted January 18, 2008 (edited) So given the track record of the Republicans this past 7 yrs, which party are you votin' for in 2008? it's funny how a supporter of Bush could make fun of how Hillary looks. Who cares how she looks??? What about her little crying session a week ago. I'm not being treated fair so I'm going to go cry. Hell what she going to do faced with a big decision? Edited January 18, 2008 by Seahawks Quote
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