Economics

Discussion in 'Clean Debate Zone' started by P@triot, Jul 31, 2012.

  1. Foxfyre
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    Foxfyre Eternal optimist Gold Supporting Member Supporting Member

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    The ideology that government can fix poverty by assigning different rules to the rich and poor. It is progressiveism at the extreme.

    It started in the Carter Administration with CRA, and while the concept itself was flawed by encouraging people who couldn't afford to buy a house to buy one anyway, but at the time there was at least some common sense controls and requirements for qualifying for a loan in place. So the system wasn't too bad for quite awhile and rocked along through all of the Reagan Administration without much of a problem. Then in the Clinton Administration, Congress via Barney Frank, Chris Dodd, and some others began relaxing some of the restrictions and regulation, and the GOP congress that followed were either complicit with the new rules or didn't reinstate them. Negligence and wrong headedness by both.

    So that's when the housing bubble began to build when people who couldn't afford them were not only encouraged to buy houses they never should have qualified for, but encourage to buy HUGE houses they shouldn't have qualified for. This continued well into the Bush Administration.

    By 2006 President Bush and his advisors were strongly pushing Congress to deal with it--asked them again and again--but Frank and Dodd kept insisting that there was no problem, Fannie and Freddie were essentially sound, no worries, yadda yadda. So when a cyclical aand what would have been a mild recessionary trend occurrred, and those houses started going into default and others started going underwater,the whole house of cards collapsed in late 2008. The rest is history.
     
  2. Joe Steel
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    Joe Steel Class Warrior

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    I'm certain I'd never be able to prove the statement to your satisfaction just as I'd never be able to prove evolution or global warning to you either. That doesn't mean it isn't so.
     
  3. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    I disagree. Change doesnt occur in the White House. It occurs in our houses. Every American alive can change and influence their own life. They can change their families lives. They can change their communities. They can lift their friends an neighbors to higher ground. They can love their enemies. They can reconcile with adversaries. They can forgive those who hurt them. They can dedicate their lives to being honest, true, chaste, kind, full of love, gentle, meek, etc.

    I would argue that it's the progressive mindset that teaches that the only way we can change our nation is by changing our President and government.
     
  4. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    1) Cutting taxes dont give people any money. They allow people to keep the money that's already theirs.

    2) Allowing people to keep more money encourages them to invest, create, and serve more people because it allows them to keep more of the fruits of their labor.

    3) I don't see how government spending the money is going to benefit the nation. We already spend trillions of dollars we don't have and are still suffering from an economic recession that started 4 years ago. How many times do we need to throw money down the drain before we realize that allowing the government to rob the people and spend on what the politicians want doesnt generally benefit the people at large?
     
  5. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    How can we fix a trade imbalance if the people dont go back to work?
     
  6. uscitizen
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    uscitizen Senior Member

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    Largest manufacturer? Then why is our economy consumer spending based?
    You bring up talking points but cannot see the entire picture.
     
  7. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    It doesn't mean it is so either.
     
  8. there4eyeM
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    there4eyeM unlicensed metaphysician

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    Derivatives.
     
  9. Twofox
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    Twofox Active Member

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    Joe, it's the difference between economic schools of thought. Keynsian has been the current school of thought used in the US for the last 30-50 years or so. Keynesian economics - Wikipedia, the free encyclopedia
    This like desribes it, and links to the other school of thought - Austrian Economics.

    So long story short - Centralized planning vs let the market work it self out. We've had 30+ years of centralized management and we call can see where that's gotten us. Blaming either side is exactly what the pols want us to do, so they can keep their little party going.
     
  10. Foxfyre
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    Foxfyre Eternal optimist Gold Supporting Member Supporting Member

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    As long as we keep electing professional politicians who quickly become focused on increasing their own power, prestige, influence, and personal wealth at our expense, we cannot expect government to address any of our economic problems. The politicians and the bureaucrats they hire are thriving and prospering by keeping the problems unsolved. That is why members of both parties are so hostile to the 9/12ers, Tea Partiers, tax reformers, and other grass roots groups that have raised up and are demanding to be heard. If they can't keep such groups marginalized and discredited, they can't keep their own gravy trains going.

    Some of us keep sounding the alarm. We hope there are still enough people with eyes to see and ears to hear to heed it.
     

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