a new whining republicans thread

[trysail]

Jethro ( known as Dragonlithp or Dragging Lips back in the Ozarks whence he and Jed Clampett hail ) is a gifted fabricator. We all know that Jed was a great success while Jethro/Dragonlithp is a n'er-do-well. His repeated failings are attributable to a faulty, naive and childlike belief in Holy Scripture authored by Grade D educational institutions, William Jefferson Blythe and the biggest charlatan-Pied Piper of them all, Kaiser Roosevelt II.

Government regulation and intervention have NEVER prevented bubbles and the operation of the business cycle. The collapse of economic bubbles has always been followed by false prophets and manipulative opportunists promoting painless quack remedies. The mountebanks never fail to claim the efficacy of their solutions when recoveries occur— as free market economies inevitably do— after the excesses that created the bubbles are purged naturally by operation of markets. The promoters of the simple fixes are as dishonest as the first set of schemers— merely another set in a long line of charlatans, foolish dreamers and would-be dictators.

In the latest episode, demagogues railed and browbeat and threatened and harangued and strong-armed and bullied— anybody with a pulse has a god-given right to a mortgage. Bankers lost their minds and "bought" their own pitches. Greenspan lowered rates to irresponsible and unconscionably absurd levels— all in the name of a quick and pain-free solution to the tech-bubble-insanity and 9/11. The media whooped and hollared about how everybody was getting rich flipping houses. Gurus proclaimed that residential real estate prices never decline. Result: the lemmings drank the Kool-Aid and produced another old-fashioned bubble— just like the tech stock insanity of 1997-2000, just like the commercial real estate madness of 1986-1989, just like the Nifty Fifty of 1966-1972, just like the conglomerate madness of 1966-1968, just like the South Seas bubble of the 1720s, just like the Tulip Bulb insanity of 1636.

The business cycle is and always will be. If you believe otherwise, I've got a bridge I'd like to sell you. Jethro/Dragging Lips is, of course, excepted because he/she/it suffers from severe cognitive and intellectual impairment and it would be beneath my dignity to take advantage of that fact.

http://en.wikipedia.org/wiki/Recession_of_2008
http://en.wikipedia.org/wiki/Recession_of_2001
http://en.wikipedia.org/wiki/1973–1974_stock_market_crash
http://en.wikipedia.org/wiki/Recession_of_1958
http://en.wikipedia.org/wiki/Recession_of_1953
http://en.wikipedia.org/wiki/Recession_of_1937
http://en.wikipedia.org/wiki/1929_Depression
http://en.wikipedia.org/wiki/The_Panic_of_1907
http://en.wikipedia.org/wiki/Panic_of_1893
http://en.wikipedia.org/wiki/Panic_of_1890
http://en.wikipedia.org/wiki/Panic_of_1884
http://en.wikipedia.org/wiki/Panic_of_1873
http://en.wikipedia.org/wiki/Panic_of_1866
http://en.wikipedia.org/wiki/Panic_of_1857
http://en.wikipedia.org/wiki/Panic_of_1847
http://en.wikipedia.org/wiki/Panic_of_1837
http://en.wikipedia.org/wiki/Panic_of_1825
http://en.wikipedia.org/wiki/The_Panic_of_1819
http://en.wikipedia.org/wiki/South_seas_bubble
http://en.wikipedia.org/wiki/Mississippi_Scheme
http://en.wikipedia.org/wiki/Tulip_bubble

http://en.wikipedia.org/wiki/Austrian_Business_Cycle_Theory
http://en.wikipedia.org/wiki/Business_cycle
http://en.wikipedia.org/wiki/Extraordinary_Popular_Delusions_and_the_Madness_of_Crowds

 

[DeeZire]

Government regulation and intervention have NEVER prevented bubbles and the operation of the business cycle.

However, government deregulation has had the opposite affect. If we hadn't deregulated credit default swaps, we wouldn't have had to bail out AIG. Although I acknowledge your expertise in the financial field, you seem to suffer from a case of selective reasoning.

 

[Dragonlipz]

Jethro ( known as Dragonlithp or Dragging Lips back in the Ozarks whence he and Jed Clampett hail ) is a gifted fabricator. We all know that Jed was a great success while Jethro/Dragonlithp is a n'er-do-well. His repeated failings are attributable to a faulty, naive and childlike belief in Holy Scripture authored by Grade D educational institutions, William Jefferson Blythe and the biggest charlatan-Pied Piper of them all, Kaiser Roosevelt II.

Government regulation and intervention have NEVER prevented bubbles and the operation of the business cycle. The collapse of economic bubbles has always been followed by false prophets and manipulative opportunists promoting painless quack remedies. The mountebanks never fail to claim the efficacy of their solutions when recoveries occur— as free market economies inevitably do— after the excesses that created the bubbles are purged naturally by operation of markets. The promoters of the simple fixes are as dishonest as the first set of schemers— merely another set in a long line of charlatans, foolish dreamers and would-be dictators.

In the latest episode, demagogues railed and browbeat and threatened and harangued and strong-armed and bullied— anybody with a pulse has a god-given right to a mortgage. Bankers lost their minds and "bought" their own pitches. Greenspan lowered rates to irresponsible and unconscionably absurd levels— all in the name of a quick and pain-free solution to the tech-bubble-insanity and 9/11. The media whooped and hollared about how everybody was getting rich flipping houses. Gurus proclaimed that residential real estate prices never decline. Result: the lemmings drank the Kool-Aid and produced another old-fashioned bubble— just like the tech stock insanity of 1997-2000, just like the commercial real estate madness of 1986-1989, just like the Nifty Fifty of 1966-1972, just like the conglomerate madness of 1966-1968, just like the South Seas bubble of the 1720s, just like the Tulip Bulb insanity of 1636.

The business cycle is and always will be. If you believe otherwise, I've got a bridge I'd like to sell you. Jethro/Dragging Lips is, of course, excepted because he/she/it suffers from severe cognitive and intellectual impairment and it would be beneath my dignity to take advantage of that fact.

http://en.wikipedia.org/wiki/Recession_of_2008
http://en.wikipedia.org/wiki/Recession_of_2001
http://en.wikipedia.org/wiki/1973–1974_stock_market_crash
http://en.wikipedia.org/wiki/Recession_of_1958
http://en.wikipedia.org/wiki/Recession_of_1953
http://en.wikipedia.org/wiki/Recession_of_1937
http://en.wikipedia.org/wiki/1929_Depression
http://en.wikipedia.org/wiki/The_Panic_of_1907
http://en.wikipedia.org/wiki/Panic_of_1893
http://en.wikipedia.org/wiki/Panic_of_1890
http://en.wikipedia.org/wiki/Panic_of_1884
http://en.wikipedia.org/wiki/Panic_of_1873
http://en.wikipedia.org/wiki/Panic_of_1866
http://en.wikipedia.org/wiki/Panic_of_1857
http://en.wikipedia.org/wiki/Panic_of_1847
http://en.wikipedia.org/wiki/Panic_of_1837
http://en.wikipedia.org/wiki/Panic_of_1825
http://en.wikipedia.org/wiki/The_Panic_of_1819
http://en.wikipedia.org/wiki/South_seas_bubble
http://en.wikipedia.org/wiki/Mississippi_Scheme
http://en.wikipedia.org/wiki/Tulip_bubble

http://en.wikipedia.org/wiki/Austrian_Business_Cycle_Theory
http://en.wikipedia.org/wiki/Business_cycle
http://en.wikipedia.org/wiki/Extraordinary_Popular_Delusions_and_the_Madness_of_Crowds

Wow, your world view isn't slanted, it's vertical....you rail and thunder about Roosevelt (who rescued this country from Hoover's incompetence) and 'government regulations' but fail to grasp the lessons of history (you really need a better source than 'wikipedia' - not really a scholarly tome, y'dig?). Fortunately for you, I'm in a generous mood...Business cycles, indeed....
I'll try to enlighten you (you try to keep up - focus - take your meds if that's what's necessary) here goes: following the crash of '29, the government put in place safeguards to prevent the excesses of the twenties and the debilitating results. Banks were required to adhere to lending standards, the regulatory agencies were supposed to regulate....
The economy during the fifties, sixties and seventies chugged along, but beginning with Ron Reagan's attack on the middle class with the deregulation in the name of 'globalism and competitiveness' and the beginning of the decline of the American manufacturing base....This assault on the middle class continued unabated for the next twenty nine, nearly thirty years....Most of this under Republican leadership....Clinton was in office for eight of those years and Obama for one but the rest of the deregulation and gutting of our financial, manufacturing, and communications systems is from those folks - mainly the Republicans - who cannot abide a man or woman earning an honest living and supporting their family....
They'd be much happier if we were serfs.....
The same folks who took a five trillion dollar surplus and turned it into a 3 trillion dollar deficit - and now are complaining about it....
I love the consistency of the Party of No....
By the way - you didn't list the either the crash of 87 or 89 - that's why ya need a better source than wiki.....twit

 

[Jenny_Jackson]

However, government deregulation has had the opposite affect. If we hadn't deregulated credit default swaps, we wouldn't have had to bail out AIG. Although I acknowledge your expertise in the financial field, you seem to suffer from a case of selective reasoning.

In the current financial mess, it appears that deregulations was largely responsible. Before congress earlier this year Greenspan admitted he, "may have been wrong" is approving deregulation of the banks. Furthermore, Greenspan and the FED opposed any regulation of "Derivatives" which lead to the downfall of AIG.

Government regulation generally is only aimed at preventing fraud and those practices which may endanger the stability of the financial institutions and markets. It's silly to oppose that kind of regulation in light of the length of the current unemployment lines.

 

[JAMESBJOHNSON]

In the current financial mess, it appears that deregulations was largely responsible. Before congress earlier this year Greenspan admitted he, "may have been wrong" is approving deregulation of the banks. Furthermore, Greenspan and the FED opposed any regulation of "Derivatives" which lead to the downfall of AIG.

Government regulation generally is only aimed at preventing fraud and those practices which may endanger the stability of the financial institutions and markets. It's silly to oppose that kind of regulation in light of the length of the current unemployment lines.

Yep, how do you regulate 'wrong' and 'stoopid' and 'greedy'?

About the only way to regulate human nature is to limit how much of the market one company can control. I mean, Congress had no problem breaking up Standard Oil or Ma Bell into smaller pieces. OR You can run some numbers in the newspaper everyday: HOW MUCH MONEY THEY REALLY HAVE and HOW MUCH MONEY THEY REALLY OWE.

 

[JackLuis]

-
The same folks who took a five trillion dollar surplus and turned it into a 3 trillion dollar deficit - and now are complaining about it....
I love the consistency of the Party of No....
-

Our current situation is a bubble that has burst and the reason for it is the incompetence of our Government, Regulatory Agencies and the short sightedness of our Business community.

The only way to avoid this again is to select the 150 most likely "Suspects" and decorate Wall St. lamp posts with their carcasses. When the Boards of Directors are "Hanging out on Wall Street," well then you'd see some self restraint on Wall St.

Oh and confiscation of their "ill gotten" profits before they are hung will redirect the direction of those left.

 

[sr71plt]

Our current situation is a bubble that has burst and the reason for it is the incompetence of our Government, Regulatory Agencies and the short sightedness of our Business community.

Not to mention the brilliance of the voters, of course.

 

[JAMESBJOHNSON]

Our current situation is a bubble that has burst and the reason for it is the incompetence of our Government, Regulatory Agencies and the short sightedness of our Business community.

The only way to avoid this again is to select the 150 most likely "Suspects" and decorate Wall St. lamp posts with their carcasses. When the Boards of Directors are "Hanging out on Wall Street," well then you'd see some self restraint on Wall St.

Oh and confiscation of their "ill gotten" profits before they are hung will redirect the direction of those left.

Too many are involved. Election to public office is now elevation to nobility, and the nobles take care of their courtesans and patrons. A few days ago I had a discussion with my local GOP state senator, and he pretty much confirmed that he and the others are corrupt as hell.

 

[JackLuis]

Not to mention the brilliance of the voters, of course.

Never underestimate the stupidity of the American Electorate!
After all they gave us 12 years of Bush's, we certainly got fucked, what more could a porn pervert ask?

 

[JackLuis]

Too many are involved. Election to public office is now elevation to nobility, and the nobles take care of their courtesans and patrons. A few days ago I had a discussion with my local GOP state senator, and he pretty much confirmed that he and the others are corrupt as hell.

I'm shocked!

 

[sr71plt]

Never underestimate the stupidity of the American Electorate!
After all they gave us 12 years of Bush's, we certainly got fucked, what more could a porn pervert ask?

I have no kick with Bush the Greater as a president. I was with the government then--and he was my agency boss before the presidency. I'd say he did an above-average job.

 

[AsylumSeeker]

Wow, your world view isn't slanted, it's vertical....you rail and thunder about Roosevelt (who rescued this country from Hoover's incompetence) and 'government regulations' but fail to grasp the lessons of history (you really need a better source than 'wikipedia' - not really a scholarly tome, y'dig?). Fortunately for you, I'm in a generous mood...Business cycles, indeed....
I'll try to enlighten you (you try to keep up - focus - take your meds if that's what's necessary) here goes: following the crash of '29, the government put in place safeguards to prevent the excesses of the twenties and the debilitating results. Banks were required to adhere to lending standards, the regulatory agencies were supposed to regulate....
The economy during the fifties, sixties and seventies chugged along, but beginning with Ron Reagan's attack on the middle class with the deregulation in the name of 'globalism and competitiveness' and the beginning of the decline of the American manufacturing base....This assault on the middle class continued unabated for the next twenty nine, nearly thirty years....Most of this under Republican leadership....Clinton was in office for eight of those years and Obama for one but the rest of the deregulation and gutting of our financial, manufacturing, and communications systems is from those folks - mainly the Republicans - who cannot abide a man or woman earning an honest living and supporting their family....
They'd be much happier if we were serfs.....
The same folks who took a five trillion dollar surplus and turned it into a 3 trillion dollar deficit - and now are complaining about it....
I love the consistency of the Party of No....
By the way - you didn't list the either the crash of 87 or 89 - that's why ya need a better source than wiki.....twit

In the time it took to write this drivel you could've actually had a positive impact on your community. Whatever!

 

[JackLuis]

I have no kick with Bush the Greater as a president. I was with the government then--and he was my agency boss before the presidency. I'd say he did an above-average job.

Well is wasn't our worst President GHWB, and he finished up his war, so I guess I can give him some slack.

However his son.... Well he is in a class by himself. Not even Nixon can compare with him.

 

[Dragonlipz]

In the time it took to write this drivel you could've actually had a positive impact on your community. Whatever!

Obviously it had no impact on you but that doesn't make it any less true......thanks for reading.....