Common Sense Tells You

Discussion in 'Current Events' started by WillowTree, May 8, 2009.

  1. WillowTree
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    WillowTree Diamond Member

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    The budget should be balanced, the treasury should be refilled and the public debt should be reduced. The arrogance of officialdom should be tempered and controlled. And the assistance to foreign lands should be curtailed lest we become bankrupt.


    Cicero
     
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  2. Iriemon
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    Iriemon VIP Member

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    Where they looking at a potential depression when he said that?
     
  3. WillowTree
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    WillowTree Diamond Member

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    ignored!
     
  4. Yurt
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    Yurt Gold Member

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    b-b-b-but he saved 17 billion
     
  5. Yurt
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    Yurt Gold Member

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    they said the same thing went the dot coms went bust
     
  6. Iriemon
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    Most financial institutions weren't holding trillions of dotcom stock when the market fell in 2000, there was not equivalent credit market freeze because of it.
     
  7. Yurt
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    Yurt Gold Member

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    of course it is not equal, but people lost billions in paper value, that paper value of course was tied somewhat to the credit market...the more you are worth on paper, the more likely you were to get loans. then came the real estate bubble/boom....that is what killed the credit markets.

    two bubbles and bursts that really had little to do with any president. its like blaming a president for the gold rush ending....both parties were at fault...however, one party wanted people who should have qualified for a loan to get loans...
     

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