2nd Worse Eonomical Disaster In The Nation's History

[Cammmpbell]

I was there. The crash in the late 20's, early 30's was during a Republican administration.

Just coincidence I'm sure but the one now is totally the fault of two terms back to back of a bunch of assholes who put tax cuts for the wealthy above the welfare of average America. This country will go down the tubes if we elect another president who is hell bent on accomodating the wealthy, corporations and the military-industrial complex. Anybody who actually works for a living who votes Republican deserves exactly what they get.

There hasn't been a new idea or a benefit for the working man under a Republican president since the Interstate Hiway system which was proposed during the Eisenhower administration. He just had to see his vision of a system like the one he had witnessed while he was in Europe during the second world war. We're still behind about 30 other countries when working class is the deciding factor and there are so many dumbasses who vote their early years, family and religious belief against reality that we could come up worse off if the Republicans get back into the white house and work their magic.....tax cuts for the wealthy and corporations.

 

[imbalance]

Tax cuts are never bad for citizens. What is bad for citizens and their economy is excess private debt and lack of private savings. What happened early on in this new millennium is that so many Americans drained their savings to invest in what is now debt.

 

[starcraftzzz]

Yep we can thank conservatives and their deregulation for the 2nd worse economic disaster ever

 

[Cammmpbell]

Tax cuts are never bad for citizens. What is bad for citizens and their economy is excess private debt and lack of private savings. What happened early on in this new millennium is that so many Americans drained their savings to invest in what is now debt.

Major bullschit!!! Tax cuts of any kind go to the people who pay the most taxes...the wealthy. After the second world war anybody who earned more than $300,000 paid 91% of the excess to the federal government. Now...the wealthy don't even take part in the wars of choice started by the Right...they don't even want to pay a reasonable tax rate.

Taxes are less right now than at any time during the last 30 years and all you can hear from the Right is tax cuts to create jobs. HORSE SHIT...it didn't work. Anybody who believes that tax cuts for the wealthy creates jobs for the poor has their heads up their collective asses so far they will never see daylight again.

 

[CrusaderFrank]

I was there. The crash in the late 20's, early 30's was during a Republican administration.

Just coincidence I'm sure but the one now is totally the fault of two terms back to back of a bunch of assholes who put tax cuts for the wealthy above the welfare of average America. This country will go down the tubes if we elect another president who is hell bent on accomodating the wealthy, corporations and the military-industrial complex. Anybody who actually works for a living who votes Republican deserves exactly what they get.

There hasn't been a new idea or a benefit for the working man under a Republican president since the Interstate Hiway system which was proposed during the Eisenhower administration. He just had to see his vision of a system like the one he had witnessed while he was in Europe during the second world war. We're still behind about 30 other countries when working class is the deciding factor and there are so many dumbasses who vote their early years, family and religious belief against reality that we could come up worse off if the Republicans get back into the white house and work their magic.....tax cuts for the wealthy and corporations.

Now you were in the midst of the Great Depression?

Really?

 

[CrusaderFrank]

The Fed caused the collapse in '29 by draining 1/3 of the money supply. You could try to throw in a fact or two every now and then, it won't hurt you

 

[CrusaderFrank]

Oh, and can you fuckers ever make up your mind about what was "the worst economy since the FDR (Great) Depression"? I hear it every 4 years or so and they can't all be true

 

[Oldstyle]

Our problems revolve around spending that is so out of control that it's about to drive us into insolvency yet people like you blindly insist that if we could just tax the wealthy "a little more" then everything will be fine.

 

[healthmyths]

Yep we can thank conservatives and their deregulation for the 2nd worse economic disaster ever

HOW many f...ing times DO idiots LIKE YOU have to be REMINDED!!!

1) $5 trillion in losses FROM the Clinton DoT. com BUST means $166 billion a year for the next 25+ years in tax revenue losses!
2) $2 trillion in losses from the 9/11 REMEMBER THAT you dumb f...k!
Another $66 billion a year in TAX loss write offs against tax income!!
3) $1 trillion in losses due to WOrST hurricanes in HIstory.. Another $33 billion

NEARLY $ 300 billion a year in LOST tax revenue

AND you fu...king IDIOT don't think kTHAT has ANYTHING to do with economics?

AND by the way NONE of that was a party or a President's FAULT!!!!

 

[CrusaderFrank]

Yep we can thank conservatives and their deregulation for the 2nd worse economic disaster ever

Dems 2008: ''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,''

 

[healthmyths]

$300 billion in TAX losses a year HAS nothing to do with party/President but events NOT under control of anyone!

What is the problem with admitting these $8 trillion in REAL market/ real businesses./ real property being destroyed occurred?

Are people like you so out of touch with the real world NOT to recognize dot.com/9/11/hurricanes happened????

 

[Oldstyle]

Tax cuts are never bad for citizens. What is bad for citizens and their economy is excess private debt and lack of private savings. What happened early on in this new millennium is that so many Americans drained their savings to invest in what is now debt.

Major bullschit!!! Tax cuts of any kind go to the people who pay the most taxes...the wealthy. After the second world war anybody who earned more than $300,000 paid 91% of the excess to the federal government. Now...the wealthy don't even take part in the wars of choice started by the Right...they don't even want to pay a reasonable tax rate.

Taxes are less right now than at any time during the last 30 years and all you can hear from the Right is tax cuts to create jobs. HORSE SHIT...it didn't work. Anybody who believes that tax cuts for the wealthy creates jobs for the poor has their heads up their collective asses so far they will never see daylight again.

And anyone who believes that tax raises in a weak economy will create jobs doesn't understand basic economics. Do yourself a favor and read up on what John Maynard Keynes had to say on that very topic.

 

[starcraftzzz]

Yep we can thank conservatives and their deregulation for the 2nd worse economic disaster ever

HOW many f...ing times DO idiots LIKE YOU have to be REMINDED!!!

1) $5 trillion in losses FROM the Clinton DoT. com BUST means $166 billion a year for the next 25+ years in tax revenue losses!
2) $2 trillion in losses from the 9/11 REMEMBER THAT you dumb f...k!
Another $66 billion a year in TAX loss write offs against tax income!!
3) $1 trillion in losses due to WOrST hurricanes in HIstory.. Another $33 billion

NEARLY $ 300 billion a year in LOST tax revenue

AND you fu...king IDIOT don't think kTHAT has ANYTHING to do with economics?

AND by the way NONE of that was a party or a President's FAULT!!!!

I wish I was stupid enough to post fabricated a bunch of numbers and post it with a straight face

 

[CrusaderFrank]

Tax cuts are never bad for citizens. What is bad for citizens and their economy is excess private debt and lack of private savings. What happened early on in this new millennium is that so many Americans drained their savings to invest in what is now debt.

Major bullschit!!! Tax cuts of any kind go to the people who pay the most taxes...the wealthy. After the second world war anybody who earned more than $300,000 paid 91% of the excess to the federal government. Now...the wealthy don't even take part in the wars of choice started by the Right...they don't even want to pay a reasonable tax rate.

Taxes are less right now than at any time during the last 30 years and all you can hear from the Right is tax cuts to create jobs. HORSE SHIT...it didn't work. Anybody who believes that tax cuts for the wealthy creates jobs for the poor has their heads up their collective asses so far they will never see daylight again.

And you rode with Patton in WWII amiright?

 

[BreezeWood]

Cammmpbell: Anybody who actually works for a living who votes Republican deserves exactly what they get.

Unfortunately the outcome affects everyone the same ... and already has.

Rather than pay down the National Debt with the surplus Bush inherited he handed it to himself and a few others ... they will be voting the same for the 1% candidate - Romney.

 

[Clementine]

Yep we can thank conservatives and their deregulation for the 2nd worse economic disaster ever

Dems 2008: ''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,''

I recall the hearings back in 2004. Some experts started warning as early as 1999 that something was wrong with F and F. In the hearings, we heard an angry and ranting Maxine Waters claim that Fannie Mae was fine and you don't fix something that isn't broke. The Republicans had to listen to one rant after another from Waters, Barney Frank and others. The Dems claimed that the hearings were nothing but a political lynching of Franklin Raines, who took off under a multi-million dollar umbrella before the crash. All the Repubs wanted was more oversight and regulations. Then, a few years later, the Repubs were accused of a lack of oversight and regulations.

Fannie and Freddie may not have been the sole cause of the meltdown, but they were in the worst shape and showed symptoms first. It was the tip of the iceberg ahead and none of the Dems wanted to turn the ship.

 

[imbalance]

Tax cuts are never bad for citizens. What is bad for citizens and their economy is excess private debt and lack of private savings. What happened early on in this new millennium is that so many Americans drained their savings to invest in what is now debt.

Major bullschit!!! Tax cuts of any kind go to the people who pay the most taxes...the wealthy. After the second world war anybody who earned more than $300,000 paid 91% of the excess to the federal government. Now...the wealthy don't even take part in the wars of choice started by the Right...they don't even want to pay a reasonable tax rate.

Taxes are less right now than at any time during the last 30 years and all you can hear from the Right is tax cuts to create jobs. HORSE SHIT...it didn't work. Anybody who believes that tax cuts for the wealthy creates jobs for the poor has their heads up their collective asses so far they will never see daylight again.

You can rant and appeal to emotion all you want but it doesn't change the fact that tax cuts do not hurt citizens. You want to take someone's money because you don't feel they deserve it but you stubbornly ignore the fact that taking that money does nothing for any class of citizens upper, middle, or lower. If you were to pay your federal taxes in cash the Treasury would say thank you and then proceed to feed that cash to a paper shredder. That is a fact. Since the Nixon Shock of 1971 it has simply been a myth that federal taxes finance government spending. All federal taxation does is allow the federal government to manipulate private sector demand and justify economic power grabs.

 

[CrusaderFrank]

Yep we can thank conservatives and their deregulation for the 2nd worse economic disaster ever

Dems 2008: ''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,''

I recall the hearings back in 2004. Some experts started warning as early as 1999 that something was wrong with F and F. In the hearings, we heard an angry and ranting Maxine Waters claim that Fannie Mae was fine and you don't fix something that isn't broke. The Republicans had to listen to one rant after another from Waters, Barney Frank and others. The Dems claimed that the hearings were nothing but a political lynching of Franklin Raines, who took off under a multi-million dollar umbrella before the crash. All the Repubs wanted was more oversight and regulations. Then, a few years later, the Repubs were accused of a lack of oversight and regulations.

Fannie and Freddie may not have been the sole cause of the meltdown, but they were in the worst shape and showed symptoms first. It was the tip of the iceberg ahead and none of the Dems wanted to turn the ship.

F and F were the binary black holes at the epicenter of the meltdown.

My friends at Lehman and Bear got wiped out while the criminals at F/F continue to draw their checks. They should be liquidated right after Romney is sworn in

 

[nodoginnafight]

Our problems revolve around spending that is so out of control that it's about to drive us into insolvency yet people like you blindly insist that if we could just tax the wealthy "a little more" then everything will be fine.

I agree - MANY of our problems DO revolve around spending way too much. And the only difference between big spending Republicans and big spending Democrats is what they want to spend on. Both parties spend the money in a way that panders to their donors to help them get re-elected.

 

[starcraftzzz]

Dems 2008: ''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,''

I recall the hearings back in 2004. Some experts started warning as early as 1999 that something was wrong with F and F. In the hearings, we heard an angry and ranting Maxine Waters claim that Fannie Mae was fine and you don't fix something that isn't broke. The Republicans had to listen to one rant after another from Waters, Barney Frank and others. The Dems claimed that the hearings were nothing but a political lynching of Franklin Raines, who took off under a multi-million dollar umbrella before the crash. All the Repubs wanted was more oversight and regulations. Then, a few years later, the Repubs were accused of a lack of oversight and regulations.

Fannie and Freddie may not have been the sole cause of the meltdown, but they were in the worst shape and showed symptoms first. It was the tip of the iceberg ahead and none of the Dems wanted to turn the ship.

F and F were the binary black holes at the epicenter of the meltdown.

My friends at Lehman and Bear got wiped out while the criminals at F/F continue to draw their checks. They should be liquidated right after Romney is sworn in

Um no actually FF has little to nothing to do with the crises that deosnt stop republicans from lying about it though
The Myth of Fannie Mae, Freddie Mac, Barney Frank, the Housing Bubble and the Recession « The Long Goodbye
Things Everyone In Chicago Knows - NYTimes.com