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  #61 (permalink)  
Old 10-12-2008, 05:53 AM
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Quote:
Originally Posted by Toby View Post
Its a simple concept! The socialization of our economy (in the effort to help it) by democrats has almost led to its demise!
Socialization? It's funny that your avatar says "Republican: Becuase everyone can't be on welfare" yet the amount of people on welfare was at a thrity year low, under clinton, then the gap between rich and poor widens greatly when the neo-conservative Republicans took office.

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But hey! If you think President Bush is at fault or the republicans then nows your chance to prove it to me!
Wow, you're right, Bush didn't do anything to the economy. A trillion dollar war, suicidal spending and neo-liberalism is a free-ride!
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  #62 (permalink)  
Old 10-12-2008, 06:22 AM
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Originally Posted by Toby View Post
1)McCain wants to freeze spending on everything but national security and taking care of our veterans.

2)McCain wants to lower taxes in the middle of the economic crisis wich will cause more money to be spent and invested in our economy.

3)McCain is for free trade.

4)McCain will drill for oil, coal, and nuclear power wich will lower our dependence on foreign oil, lower energy prices, and create millions of jobs.


1) Barack Obama wants to increase the size of goverment and enact over one trillion dollars of new spending. An economic killer!

2) Barack Obama wants to raise taxes on income and industry wich will destroy our economy even further by taking more money out of the market.

3) Obama is against free trade. Another economic killer.

4) Obama is against offshore drilling and Nuclear power and clean coal. Energy prices will skyrocket!
You cite four items for each candidate. The only thing I think will do any good at all is McCain number 4, but it's contradicted by McCain number 1. I'd probably vote for the candidate who would spend $700 billion dollars to build nuclear power plants as quickly as possible. We need the energy to end free trade economics and start producing physical economic capital--things that we can can quit importing, and start exporting.
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  #63 (permalink)  
Old 10-12-2008, 08:41 AM
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This ENTIRE thread was created on a completely false premise. You are making the assumption that Democratic policy trying to increase home-ownership in the lower class is the reason for this economic crisis. The truth is, that while democrats HAVE always pushed for more housing opportunities for the poor, the poor are NOT the cause of this crisis, as much as the free market GOP would like to deflect the blame in that direction.

Guess what, far more money has been lost and more corruption has happened in the middle and upper tier of the housing market . Far more foreclosures are happening in mini mansions being built, and subprime loans given out to families that can't afford them. The democratic bills you spoke of were designed to give people with low income the opportunity to get a low income loan to buy a low income house. MOST of those people DO pay those mortgages, on time with no trouble. Right now, the people being foreclosed on are middle class and rich folks that have middle and upperclass incomes, but homes that far exceed their levels of income. They took loans for too much money, and now can't pay them. THATS THE BANKS FAULT, NOT THE GOVERNMENTS FAULT. The GOP wanted that free market where the banks could lend to anyone. They've gotten their wish. Banks felt that it was ok to give loans to these people, because even if they couldn't pay them, the bank would foreclose and end up with a house that was more valuable when they first gave the loan. The reality is that the housing market busted, and now the banks have a house thats worth a fraction of when they first lent on it. Basically, sleazy, greedy banking practice is now biting the banks in the butt.

Now, we ARE seeing poor people being thrown out into the streets, but once again, in many cases its not their fault, its the fault of their property owners. Property owners bought too much, too fast, and couldn't maintain their level of income equal to their level of greed, so now, despite the fact that their renters ARE paying their rent on time, the property owners are being foreclosed on, and everyone is getting kicked out to the streets.

This is a GREED FIRST problem, and a government INACTION problem second, and a government policy problem 3rd. NOT the other way around.
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Old 10-12-2008, 09:49 AM
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Oh wow toby i thought you where going to have a great debate about this without youtube videos, campaign videos etc. Let me know when you are ready to debate facts and not campaign vids..
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  #65 (permalink)  
Old 10-12-2008, 09:59 AM
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toby. are you cutting and pasting these words of a simpleton as therapy?

look at your own graph. you will see that the abberation occurred during the shrub's watch. at the time he was appointing the various regulators. clearly this crisis happened on the republican watch

tell your therapist to help you find something with cogent content. it will help you get well faster

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Old 10-12-2008, 01:32 PM
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It took me awhile to go thru all of the information. There is more than enough blame to go around. Most of all, the Republicans didn't push hard enough for regulation. Having said that, if you get govt money, you get the massive regulations that go with it. If you do not get govt money, minimal regulation. Yes, I beleive it all started with the New Deal. I don't think anything can be solved with long term gov't handouts and subsidies. People talk about compromise. Isn't that what got us into this mess? Both sides compromise and the final product is just a hybrid that doesn't address the core problem.
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Old 10-12-2008, 02:07 PM
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Quote:
Originally Posted by OneThunder View Post
People talk about compromise. Isn't that what got us into this mess? Both sides compromise and the final product is just a hybrid that doesn't address the core problem.
You're right on here. Everyone wanted something and everyone was accommodated - politicians got donations and votes, lenders got rich, the economy grew on the development, and home buyers got a deal.

Now it's time to pay the bill. That invoice gets paid in full by the taxpayer.
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