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What happened to all of the doom and gloom economic threads?

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vetteman said:
Your reality is bankruptcy and national failure, Communism or failure.
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Communism...well sort of. The master plan may be to fold the world into the Chinese system. A hybrid between communism and capitalism.

Benefit for the power elite? People become peasants with no rights or freedoms. Total power and control for the elite. Increasing power and control has been the basis of their operating system for decades now.

Check out Tiananman Square for how to efficiently deal with dissent.

I'd explain more I'm sure it would be a waste of time.
 
4est_4est_Gump said:
Please show us the reality in any Democrat proposals. All they ever do is call for more spending, more taxes, and no new compromises...

This is not the first time, for example, that President Obama has presented a political budget to please his core base that even his own party will not pass, a reality that no one can avoid seeing, especially the markets and the business community.
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mercury14 said:
Reality is not what you just typed.
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There we go. Typical Democrat behavior.

There is no reality on the side of the Democrats, so all they do is call names.

That's not even a decent attempt at ad hominem; it's simply fucking pathetic...
 
While it's true that there are some pretty crooked bankers and Wall Street types floating around, bankers as a whole aren't a bunch of crooks, any more than any other group of professionals are (the people who control the "central banks" being the possible exception). At the moment however, American bankers are being denigrated as greedy parasites and the cause of our economic woes on a daily basis by politicians and the media. In fact it's the politicians themselves, and their accomplices in the media who are to blame for our current dire financial position. Bankers are merely their current scapegoat, just as the health insurance companies were during the fight over ObamaCare.

A dominant theme in America's history over the last 100+ years, has been our government's never ending attempts to regulate and control our once free market economy. History shows us clearly, that every single time government has tried to "fix" something in our economy, their actions made things worse rather than better, and oftentimes created new problems as well.

...

Since the economic collapse began with the sub-prime mortgage fiasco, we have to look closely at the real culprit, the CRA (The Community Reinvestment Act of 1977). The CRA was passed during the Carter administration, and greatly strengthened during the Clinton years. It was initially motivated by do-gooders on the far left who sought a way to clean up America's inner city slums. They figured that if the people living in those squalid homes actually owned them rather than paying rent to slumlords (like Valerie Jarrett and Tony Rezko), that they'd take pride in their homes and clean up those ghettos themselves. Of course this seemed like a noble idea at the time.

The problem, however, was that the people they targeted didn't have sufficient credit to qualify for the mortgages needed to buy those properties. The CRA fixed that by requiring banks and mortgage companies to put out a certain percentage of their loans to people who weren't creditworthy, i.e., to the poor in the areas where they did business. The banks had no choice but to comply for 2 reasons. The first was that if they didn't, the government threatened to pull their membership in the FDIC, which would make it almost impossible for the banks to attract depositors. The second reason was that after writing those "sub-prime" mortgages, they were able to sell them, with most of them going eventually to Fannie and Freddie.

The banks of course are privately owned businesses, and the executives who run them bear their primary responsibility to their shareholders. So their choices were rather limited. Either comply and make lots of money in fee income (from points and other fees charged when mortgages are generated), or refuse, in which case they'd likely go bankrupt.

With so much easy mortgage money available, people started buying homes strictly as investments. This of course caused the builders to build more housing than the market could absorb. Of course the banks did what they had to do in order to survive. One of the ways they came up with to sell off the mortgages they couldn't sell to Fannie or Freddie, was to package them in bundles and sell them as securities, with insurance (from AIG) to investors.

But it really wasn't insurance. By calling it something else, the government allowed AIG to write those "insurance" policies without having the capital reserves that all insurance companies are required to have in order to be sure that they can cover any potential losses. When the market collapsed, AIG wasn't able to make good on those policies, as a result. AIG of course went bankrupt, and the American taxpayers wound up bailing them out to the tune of $170 billion. Blaming the banks & Wall St. for the subprime fiasco is like blaming a wild animal for biting someone. The bankers were only doing what they had to do in order to survive in a hostile world, just like wild animals do when cornered.

...

The cause of the problem is easy to see for anyone with an objective and rational mind. The leftist, liberal and progressive elements of our government, in their effort to achieve power at any cost, are killing the golden goose of American business. We're only barely surviving right now, because there's still lots of seed corn for them to consume, but at the rate they're eating it (borrowing) the entire house of cards will likely collapse within the next few years, and I'm not just talking about America, as the death throes of the socialist governments of the European Union take place before our very eyes. It's become so bad that it's doubtful that America could survive another 4 years of an Obama presidency.

54 years ago, when Atlas Shrugged was published, Ayn Rand told us all what to expect if we continued on the path that we were on. I knew she was right when I first read Atlas in 1963. I just never thought it would happen so soon.
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F. Swemson
http://www.americanthinker.com/2011/09/dont_blame_the_bankers.html
 
4est_4est_Gump said:
There we go. Typical Democrat behavior.

There is no reality on the side of the Democrats, so all they do is call names.

That's not even a decent attempt at ad hominem; it's simply fucking pathetic...
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No I called you on your bullshit, false argument that Dems want no cuts. You were lying. And I didn't call you a name - nor did your quote of me show me calling you a name. So you were lying about that too.

Do you see what you just did? You assigned a false position to a group of people and then attacked it. Then when I called you on that farce you took a huge victim stance. It's much easier for you to insist you're horribly and unjustly victimized than it is to defend your position based on lies and false assumptions, isn't it?
 
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mercury14 said:
No I called you on your bullshit, false argument that Dems want no cuts. You were lying. And I didn't call you a name - nor did your quote of me show me calling you a name. So you were lying about that too.

Do you see what you just did? You assigned a false position to a group of people and then attacked it. Then when I called you on that farce you took a huge victim stance. It's much easier for you to insist you're horribly and unjustly victimized than it is to defend your position based on lies and false assumptions, isn't it?
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Poor Dances With Falsehoods....the userid changes, but the lies still stay the same....
 
mercury14 said:
I was just thinking it was him. Same C&P tsunami, same dumb sources, same rhetoric, same straw man arguments, same writing style.
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Same hatred of America, same devotion to drowning out opinions that run contrary of the American Thinker, same ad hominem attacks.
 
mercury14 said:
No I called you on your bullshit, false argument that Dems want no cuts. You were lying. And I didn't call you a name - nor did your quote of me show me calling you a name. So you were lying about that too.

Do you see what you just did? You assigned a false position to a group of people and then attacked it. Then when I called you on that farce you took a huge victim stance. It's much easier for you to insist you're horribly and unjustly victimized than it is to defend your position based on lies and false assumptions, isn't it?
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I did not ever say that. You have assigned a false position to me and then went bat-guano crazy, again.

Their "tax-cuts" are insane...

You aren't even discussing thew topic any more; all you are doing is lashing out. That's ad hominem doll. Mr. Ringo may not actually be all that educated.

Insane proposed Democrat tax cuts:

1.) If you hire and take on over $60,000+ (we don't know how much the plus will be, maybe Kathleen will throw a dart and shoot us a number sometime in the near future) in additional business costs, we'll give you a one-time $6,000 break on your taxes. WHAT'S NOT TO LOVE ABOUT THAT YOU GREEDY CAPITALISTS????

2). At a time when Social Security is under great stress and headed for even rockier shoals, I KNOW!!! We'll give everyone a break on Social Security taxes (because we've already relieved out voters of paying income tax, so this is one of the last vote-buying arrows in our quiver)!

and

3). To pay for all of this new "spending" (after all, all Republican tax cuts are referred to as new spending). we'll raise taxes on the rich and close all those loopholes that were yesterday's stimulus, so that we can create some more stimulus spending (tomorrow's loop holes).

WHAT'S NOT TO LIKE ABOUT THAT PLAN???
 
cebalrai said:
Same wish for America to fail.
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That's the same as saying I wish Obama would continue with his grand success.

The Balkanization of America, the Humbling of America, and the Weakening of America in order to make it appear that he has raised the rest of the world in stature just the same as he thinks a Democrat-Socialist Quasi-Fascist government will level the rich to give the poor the appearance of equality.
 
When we all have the same stuff, then life will be fair.




Of course, those who lead from behind will have all the best stuff still AND the cracking whip...
 
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