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  1. #21  
    CU's Tallest Midget! PoliCon's Avatar
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    Quote Originally Posted by username View Post
    What did it cost us? Your "age of prosperity" seems a fickle facade in retrospect.
    every up turn is always fallowed by a down tick. It's a normal part of the economic cycle. The problem we're having now has less to do with economics than it does to do with government regulation and interference in the markets.
    Stand up for what is right, even if you have to stand alone.
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  2. #22  
    CU's Tallest Midget! PoliCon's Avatar
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    Quote Originally Posted by username View Post
    Okay, show me.

    http://www.jpost.com/servlet/Satelli...ticle/ShowFull

    http://www.jewishjournal.com/communi...n_la_20071012/


    Iran was fighting against Communists attempting to destabilize the country and against religious fanaticism also aiming to destabilize a pro-western which in their view meant pro-satanic regime. Carter gets elected - demands that the Shah enact progressive reforms - but promises to back up the Shah if there is any trouble - HA! And Carter's weak response there emboldened the Soviets - and lead to their invasion of Afghanistan.
    Stand up for what is right, even if you have to stand alone.
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  3. #23  
    Senior Member stsinner's Avatar
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    Quote Originally Posted by username View Post
    Thanks for your assessment. It really adds substance to this thread.
    The thread has substance like a rice cake has satisfaction...
    Obama-if you're being run out of town, get out in front and pretend that it's a parade!!!
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  4. #24  
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    Quote Originally Posted by PoliCon View Post
    every up turn is always fallowed by a down tick. It's a normal part of the economic cycle. The problem we're having now has less to do with economics than it does to do with government regulation and interference in the markets.
    The link from post #12 portrays much more then just "a down tick". Don't those numbers mean anything to "conservatives"? I agree with you that a lack of effective regulation in the banking industry has been a major contributor to our current problem. Is that what you meant? Add to that black budget warfare coupled with tax cuts for the rich and here we are.
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  5. #25  
    CU's Tallest Midget! PoliCon's Avatar
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    Quote Originally Posted by username View Post
    The link from post #12 portrays much more then just "a down tick". Don't those numbers mean anything to "conservatives"? I agree with you that a lack of effective regulation in the banking industry has been a major contributor to our current problem. Is that what you meant? Add to that black budget warfare coupled with tax cuts for the rich and here we are.
    HOLY HELL. LACK of regulation is not a problem - regulation IS the problem along with manipulation of the markets and repressive taxes. It was federal regulations that forced banks to make loans to risky people. It was federal regulation that made it possible for one person to have multiple mortgages on multiple properties as they tried to 'flip' houses. Every time the government sticks it's nose in - they push prices higher and supplies lower.
    Stand up for what is right, even if you have to stand alone.
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  6. #26  
    PORCUS MAXIMUS Rockntractor's Avatar
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  7. #27  
    CU's Tallest Midget! PoliCon's Avatar
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    Quote Originally Posted by Rockntractor View Post
    me likey :D
    Stand up for what is right, even if you have to stand alone.
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  8. #28  
    PORCUS MAXIMUS Rockntractor's Avatar
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    Quote Originally Posted by PoliCon View Post
    me likey :D
    You can keep him. Classic isn't he?
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  9. #29  
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    Quote Originally Posted by username View Post
    The link from post #12 portrays much more then just "a down tick". Don't those numbers mean anything to "conservatives"? I agree with you that a lack of effective regulation in the banking industry has been a major contributor to our current problem. Is that what you meant? Add to that black budget warfare coupled with tax cuts for the rich and here we are.
    "Tax cuts for the rich" -- where have I heard that before? Oh yeah, from almost every rabid lefty who posts on internet message boards. Such original economic thinkers.
    Anyway, so I presume that once you took the oath to be a liberal, received all your code words, talking points, and bumper stickers, finished your crash course on climate change and stayed up all night watching your free Al Gore and Michael Moore double feature dvd, you signed on to the theory that cutting tax rates, including those of the pariahs otherwise known as "The wealthy". (what is that token rate down to now, eighty thousand or more anuallly?) was the most destructive thing to the economy.

    I will agree, it is plausible that cutting tax rates can reduce government revenues, but it is also plausible that cutting tax rates can spur investment, consumer spending and other economic activity, which in the long run can offset the revenue loss, or even produce a net gain.

    Now then, I'm guessing you totally agree with the first concept and totally discount the latter. So my question is: if you think the loss of tax revenues was a key factor in large deficits, which in turn was a key factor in the economic crisis, then how is making those deficits even larger going to help solve the problem?
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  10. #30  
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    Quote Originally Posted by PoliCon View Post
    HOLY HELL. LACK of regulation is not a problem - regulation IS the problem along with manipulation of the markets and repressive taxes. It was federal regulations that forced banks to make loans to risky people. It was federal regulation that made it possible for one person to have multiple mortgages on multiple properties as they tried to 'flip' houses. Every time the government sticks it's nose in - they push prices higher and supplies lower.
    "those of us who have looked to the self-interest of lending institutions to protect shareholder’s equity (myself especially) are in a state of shocked disbelief. Such counterparty surveillance is a central pillar of our financial markets’ state of balance. If it fails, as occurred this year, market stability is undermined."

    No shit?

    "As much as I would prefer it otherwise, in this financial environment I see no choice but to require that all securitizers retain a meaningful part of the securities they issue. This will offset in part market deficiencies stemming from the failures of counterparty surveillance. There are additional regulatory changes that this breakdown of the central pillar of competitive markets requires in order to return to stability, particularly in the areas of fraud, settlement, and securitization"

    You don't say?

    "It is important to remember, however, that whatever regulatory changes are made, they will pale in comparison to the change already evident in today’s markets. Those markets for an indefinite future will be far more restrained than would any currently contemplated new regulatory regime."

    Whoa there bud! Are you sure that your using the term "indefinite future" properly?

    "We should seek ways to reestablish a more sustainable subprime mortgage market."

    In other words, business as usual, right? Unless, wait, are you getting at more regulation?

    These quotes are form a "conservative".
    Last edited by username; 10-21-2009 at 12:56 PM.
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