nutcr0cker
join:2003-04-02
Chandler, AZ | Thank you Bush and the merry band of rethugluicans
Thank you Bush and the merry band of rethugluicans. Great gift for Bush voters. Hope the state does not impose socialism on those laid off bush voters and force unemployment benefits on their families. |
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DrModem
Premium
join:2006-10-19
USA
 ·EarthLink
 ·1and1
 ·PeoplePC
2 edits | Hate to bust the Bush-hating bubble but this economic downturn was 40 years of terrible financial decisions in the making, so it ain't Bushes fault. Sure his administration shares some of the blame for adding to the pile of terrible economic policies, but only some, not all or even the majority of it.
The Obama administration will also continue the 40 year tradition by making even more terrible decisions. |
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Titus Pullo
I came, I saw, I slept
join:2004-06-26 | There's no such thing as "Bush-hating bubble"; the hatred is quite real, I assure you 
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jsz0
join:2008-01-23
Jewett City, CT
 ·Comcast
| reply to DrModem
I'm certainly not a fan of Bush but I think that's true. It's been a long time in the making.
However, the Republicans have controlled the White House for the vast majority of the last 40 years.
They controlled congress for the last 14 years.
Clearly they deserve most of the blame. |
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Brigrat
join:2003-09-01
Lovington, NM | that's funny, I thought the Dems controlled congress for the last two years, and most of the 50 years preceding 1992? |
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en102
Canadian, eh?
join:2001-01-26
Valencia, CA
·RoadRunner Cable
·DSL EXTREME
| reply to jsz0
Top few reasons why we're _really_ in this mess:
1. Mortgage meltdown (housing went from $200k to $600k in a few years - now its 'correcting')
2. People living on credit - using item #1 as an ATM to pay for cars, vacation, TV's, etc because credit was cheap.
3. 'Best Shore' practices by most industries
4. People buying things they don't really need and charging it to item #2
5. Union mentality (sorry - I have been inside a GM plant) - getting paid $75k/year for janitor service is an insult.
6. U.S. Auto industry - still behind the times on so many fronts. No Biodiesel, few hybrid options, scrapped minivans, CEO's being paid obscene amounts (Toyota CEO makes $1 mil, Ford CEO makes $21mil... and Toyota isn't in the red).
7. Gov't spending money overseas (war, nation building, etc. vs. schools, infrastructure )
I'm sure there's more. |
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jsz0
join:2008-01-23
Jewett City, CT | reply to Brigrat
Sure. They deserve some blame too. |
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Skippy25
join:2000-09-13
Hazelwood, MO | reply to nutcr0cker
You do realize a vast majority of this is a direct result of the Clinton administration right? It was he who loosen the regulations that allowed for most of what is now going belly up. |
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endthefed
@charter.com
| reply to en102
yep, there's more.
The Federal Reserve and it's monopoly on our money supply. It was supposed to protect the value of the dollar, but instead it is destroying it.
We need to get rid of our legal tender laws and our dependence on an organization that steals (taxes) us in stealth through inflation.
Don't forget the socailst programs Social Security, Medicare, and Medicaid. Current liabilities from those 3 alone total somewhere in the ball park of $70 trillion. But hey, we need "free" healthcare! We can so afford it! 
And yes, Charter went from 3 divisions of support to two. I haven't heard of the number of employees that will be let go at the end of the year, however. |
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Piggie
I Actually use Windstream
Premium
join:2005-11-23
Orange Springs, FL
 ·HughesNet Satellit..
·Windstream
2 edits | reply to Brigrat
said by Brigrat  :that's funny, I thought the Dems controlled congress for the last two years, and most of the 50 years preceding 1992? Once this country realizes it was a mutual, that this assumption that one party is smarter than the other is a diversion so they can both rip you off.
I am not here going to list all the major legislation that lead to today, as I have blogged it in many blogs till my fingers turned blue.
But do some research, without your party prejudice, and you will find they are both to blame. That includes bills President Clinton signed.
It was a total break down in common sense. We turned the banks and wall street loose in a candy store and expected them to behave themselves.
But even sadder is no one learned from history. We ended up repeating the 1890-1930 failure all over again. We even had a warning early on that was called the S&L failure.
Now little can be done, but wait and hope. Bail outs are not going to work. Just cause more inflation later.
The only question left is now far down we are going. Hope for the best my friends all over the world.
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| Speedstream 4200 Modem - 3m/384 plan | W98-W2KSP4-XPSP2 - All AMD | Buffalo WHR G54S with Tomato 1.18 | 3 downstream switches feeding 6 total clients (no wireless) | Including the Data port on the side of my neck | |
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The Monkey
I like bananas
Premium
join:2000-10-08
New York, NY
·RoadRunner Cable
| reply to Skippy25
said by Skippy25 :You do realize a vast majority of this is a direct result of the Clinton administration right? It was he who loosen the regulations that allowed for most of what is now going belly up. Possibly my favorite talking point from the right. You go ahead and keep spouting that nonsense. You'll have plenty of time out of power to reconsider. |
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rradina
join:2000-08-08
Chesterfield, MO
·Charter Pipeline
| reply to endthefed
I thought controlled inflation (3%) is a foundation of a healthy, capitalist economy. Think about your home. What if you bought your home for $100,000 and at the end of 20 years, it was still only worth $100,000? Given typical mortgage interest rate, you'll pay ~$200,000 to own that $100,000 home and at the end of 20 years it will need a lot of upgrades and repairs. If you throw in property tax, it cost a lot to own that $100,000 home. However, if inflation increases the value of the home and your salary rises with a cost-of-living increase, the proportionate value of your debt continues to decrease and you finally get ahead and the home actually ends up being a very worthwhile investment.
I thought deflation was evil because then everyone goes broke because today's debt continues to be more valuable and you can never get rid of it.
Imagine if the trillions of dollars we owe (because of our government's overspending) continued to represent MORE rather than less. We'll probably never get out from under our debt as it is, deflation would assure that it would never be possible to get out from under it. |
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Skippy25
join:2000-09-13
Hazelwood, MO
| reply to The Monkey
Do a little study and you will find that the policies of an administration effect the country for about 10 years. Do some additional research and you will see that a vast majority of what is going on now is the DIRECT result of policies that the Clinton administration put into effect. You can hide your head in the sand, but that is not going to change the truths that are going on around you.
I am on neither side and think our entire government, election process, and judicial system is in need of a major overhaul. |
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The Monkey
I like bananas
Premium
join:2000-10-08
New York, NY
·RoadRunner Cable
| said by Skippy25 :Do some additional research and you will see that a vast majority of what is going on now is the DIRECT result of policies that the Clinton administration put into effect. Absolutely wrong and among the more superficial analyses that have been proffered during the crisis, but also highly typical. And I've seen the "additional research." The talking point you have repeated is not in any way new. That the prior admin's policies contributed to the crisis is academic, but it is the current Administration's mind-numbingly careless and negligent handling of the economy that has landed us here. The Clinton admin might have an indirect effect on this crisis. The DIRECT impact has been courtesy of the current admin.
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The Monkey |
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Dems and repub
@rr.com
| reply to endthefed
I agree, we are now at the point where those receiving govt sponsored benefits is greater then those who contribute.
Here is some math, SSDI monthly check 1,167$/mo
food stamps 556$/mo
heap 265$/mo
medicaid for family5,221/yr
Amounts taken from govt provided information.
WOULD YOU WORK EITHER? |
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