Common Sense Tells You

[WillowTree]

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

 

[Iriemon]

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

Where they looking at a potential depression when he said that?

 

[WillowTree]

ignored!

 

[Yurt]

b-b-b-but he saved 17 billion

 

[Yurt]

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

Where they looking at a potential depression when he said that?

they said the same thing went the dot coms went bust

 

[Iriemon]

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

Where they looking at a potential depression when he said that?

they said the same thing went the dot coms went bust

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.

 

[Yurt]

Where they looking at a potential depression when he said that?

they said the same thing went the dot coms went bust

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.

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...