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utubehayter (October 6, 2008 at 7:04 am)
It is their fault - but it is aided and facilitated by the Federal reserve which provides as much credit as the banks can loan out (endless pit of credit- against the future of American citizens, who implicitly promise to pay it back via taxes). So there - the "positive" and "negative" regulation - simply does not work - but makes it worse. If you care for the hardworking people, there ought to be no FED and no Bailout. Put simply NO FED = NO BAILOUT
t0nt01982 (October 5, 2008 at 7:47 pm)
I obessess over? Ha! i want the Fed abolished! establishment of the Fed was a progressive idea. the whole point was to contradict your claim that Dems are innocent when it comes to this country's recessions. LBJ/JFK policies greatly affected the next 3 presidencies afterwards. jimmy carter actually did some dereging too. you can look that one up too.
scientistwriter (October 5, 2008 at 6:20 pm)
actually it was the federal reserve
BboyVIRTUE (October 5, 2008 at 2:03 am)
Any recession? Fine, THIS recession. Explain to me why it had nothing to do with the fact that bankers knew they were making poor investments, but did so anyway because they were not regulated enough.
BboyVIRTUE (October 5, 2008 at 2:00 am)
Which argument about conservativism do you reject: tax cuts cause govt spending, or that this relationship makes both conservative? These are why Bush IS conservative.
And actually, I've researched both extensively: the commonly accepted cause of the 80s recession was the fed's expansionary policy you obsess over, while the 1973 recession was Nixon's deregs, wanton foreign policy and OPEC retaliation. Even if you could put one of these on dems, this can't answer 80 YRS of repub recessions.
t0nt01982 (October 5, 2008 at 12:40 am)
increase spending is not conservatism. how many times do i have to tell you that. bush is not a conservative. he's a neocon which means the 'Old Left'. There's plenty of evidence to blame the recession on LBJ's outta control spending. look it up yourself. Carter was presiend till jan.20h 1981. look up all the economic crisis of the carter years.
BboyVIRTUE (October 4, 2008 at 5:27 am)
Carter had nothing to do with the 80s recession, and 2001 was not Clinton's fault either, you can't just grab the dem closest to a recession and pin it to him.
And if this "govt intervention" you refer to, the reason these "neocons" aren't right, is expansionist policy (which is essentially more money for the business class), then you need to see why that policy also results from the corporations you've bent us over with tax cuts to be raped by. Even this is the true face of right wing govt
BboyVIRTUE (October 4, 2008 at 5:14 am)
ooooh my god, the point I just made? No, forgot already? The results of libertarianism are still libertarian?
Yes cutting taxes upping spending is right-wing: the lion's share of Bush's spending increases result from his corporate driven invasion of Iraq, a corporate that would not have nearly as much a say in the matter if it weren't for tax-cutting folks like yourself. Bush should be a warning of why your libertarian ideals are so utopian.
BboyVIRTUE (October 4, 2008 at 5:04 am)
Once again... that recession happened 5 YEARS into Nixon's presidency, there is NO WAY you can pin that on LBJ, it was because Nixon undid post=1929 regulations more than almost anyone. And Carter was not president during the 1980-82 crisis either. You're throwing out all these random accusations which, even if they were right, could not contradict the effect of 80 years of consistent republican fucking up.
t0nt01982 (October 3, 2008 at 7:49 am)
Jimmy carter 80-82 recession, 2001 recession (clinton fuckups). so you are wrong on that assessment. besides its a proven fact government intervention in the market causes these economic crisis. give me one crisis and i'll get you reason why it happened. it always boils down to some government policy. and you need to read the political history of modern day liberals. and look up the history of the term "neocon". all these "right wingers" are actually progressives aka liberals. |
