Simple questions - never answered.

I think your buddies over at Bank of America might disagree with you. That same nanny state saved their asses from bankruptcy. Just sayin'.
It was exactly that nanny state which forced them to buy up the bad debt that resulted in that bailout.

Nice fail.

So, it had nothing to do with BoA's greed in trading CDSs?

Indeed, commercial banks are among the most active in this market, with the top 25 banks holding more than $13 trillion in credit default swaps — where they acted as either the insured or insurer — at the end of the third quarter of 2007, according to the Comptroller of the Currency, a federal banking regulator. JP Morgan Chase, Citibank, Bank of America and Wachovia were ranked among the top four most active, it said.

Read more: Credit Default Swaps: The Next Crisis? - TIME
 
The total amount in sub prime mortgages was below $480 billion. It was the bankers who sold debt, bundled mortgages and created derivatives that drove the car into the ditch.

Goldman Sachs. Lehman Brothers. Bear Stearns. Innocent bystanders? Nope! Just forgivable Capitalists. It's easier, and more politically prudent to blame the victims and the Democrats. And if we have learned anything about the contemporary Conservative movement, they always opt for the easy solution. Less thinking that way.

As opposed to the contemporary Marxist movement... blame the evil corporations?

Speaking of less thinking...
 
Points for clarity.

But you are a little light on the logic.

Why, exactly, in your estimation, would such a huge increase in Gross Domestic Product not impact, wonderfully, on improving employment?

The assumption being made here is that IF companies were not "straddled" with the burden of big government, or it's tax structure, that they would be so flush with cash that they would just automagically hire more workers here in the United States. Now, since we already know that corporate America is, and has been flush with cash for almost a full year and they have simply chosen to sit on it, I would say this "doubling of GDP" strategy is doomed to fail.

Your assumption is that if we could cut the nightmare Gordian Knot of mindless and needless red tape here in America, and lower the cost of doing business by cutting the ridiculously high taxes, that the American businessman would nevertheless seek the benefits of production in such idyllic heavenly locals as India. Your assumption is ridiculous.

Companies sought the refuge of producing in other countries to flee the burdens of producing here. If we lighten the burdens the incentive -- the perceived benefits -- of fleeing to other places gets eliminated proportionally.

Right. Because you know we can compete with India's wage system.
 
Maybe not a tax cut, but what about taking ALL of Social Security and Medicare tax from the employee and just make the employer responsible for submiting it.
 
The total amount in sub prime mortgages was below $480 billion. It was the bankers who sold debt, bundled mortgages and created derivatives that drove the car into the ditch.

Goldman Sachs. Lehman Brothers. Bear Stearns. Innocent bystanders? Nope! Just forgivable Capitalists. It's easier, and more politically prudent to blame the victims and the Democrats. And if we have learned anything about the contemporary Conservative movement, they always opt for the easy solution. Less thinking that way.

As opposed to the contemporary Marxist movement... blame the evil corporations?

Speaking of less thinking...
Timing is everything. When did the finacial crisis begin? Ahhh! that's right! In 2007 and 2008!

hack.
 
TRUST THOSE WHO ARE WEALTHY, we all know they will do the right things to help everyone BENEATH THEM.
 
The total amount in sub prime mortgages was below $480 billion. It was the bankers who sold debt, bundled mortgages and created derivatives that drove the car into the ditch.

Goldman Sachs. Lehman Brothers. Bear Stearns. Innocent bystanders? Nope! Just forgivable Capitalists. It's easier, and more politically prudent to blame the victims and the Democrats. And if we have learned anything about the contemporary Conservative movement, they always opt for the easy solution. Less thinking that way.

As opposed to the contemporary Marxist movement... blame the evil corporations?

Speaking of less thinking...
Timing is everything. When did the finacial crisis begin? Ahhh! that's right! In 2007 and 2008!

hack.

You're either painfully naive or just good ole fashioned dumb as a bag of hammers. If you think everything was fine until 2007.....

So, let's get to the heart of the matter... what is it that GWB did in 2007 that caused the mess?
 
As opposed to the contemporary Marxist movement... blame the evil corporations?

Speaking of less thinking...
Timing is everything. When did the finacial crisis begin? Ahhh! that's right! In 2007 and 2008!

hack.

You're either painfully naive or just good ole fashioned dumb as a bag of hammers. If you think everything was fine until 2007.....

So, let's get to the heart of the matter... what is it that GWB did in 2007 that caused the mess?
It's not that simple! If we could just pin this one on one act that the moron Bush did at one particular occasion, don't you think that this sort of simple mistake could be simply remedied?

I blame Phil Gramm (R) Texas chairman of the Senate Banking committee for rolling back regulations (something the Right loves to do but never thinks through) which made the derivative market possible. Friends of his were bankers and investment houses. They asked Phil if he could change the law so they wouldn't actually be breaking it. He owed them his Senate seat and here we are!
 
1. Cut capital gains to 5%.

2. No corporate income tax for the first 5 years of any new business

Effect: GDP doubles in 5 years

and employment and wages continue to decline.

Hence GDP does not double, because eventually that path leads to an economy with no consumers.

Wrong. One of your big mistakes, culo, was accepting the moronic additional premise offered so ignorantly and baselessly by uscitizen.
 
Timing is everything. When did the finacial crisis begin? Ahhh! that's right! In 2007 and 2008!

hack.

You're either painfully naive or just good ole fashioned dumb as a bag of hammers. If you think everything was fine until 2007.....

So, let's get to the heart of the matter... what is it that GWB did in 2007 that caused the mess?
It's not that simple! If we could just pin this one on one act that the moron Bush did at one particular occasion, don't you think that this sort of simple mistake could be simply remedied?

I blame Phil Gramm (R) Texas chairman of the Senate Banking committee for rolling back regulations (something the Right loves to do but never thinks through) which made the derivative market possible. Friends of his were bankers and investment houses. They asked Phil if he could change the law so they wouldn't actually be breaking it. He owed them his Senate seat and here we are!

So in your world, Dodd, Frank, Waters, Clinton, etc. who proudly declared there to be no problems, along their fierce defense of CRA mandates, etc. played no role? Yep, its all the fault of the (R)'s. I recall Bush banging the drum on more than one occasion that this was a mess in the making... and then he was basically called a racist for even suggesting such.
 
Good thinking! No sense having poor folks live in decent, safe and sanitary housing when there are slum lords waiting to offer rat traps at astronomical rents! No sense investing in education. We can afford to slip down the pole a little further (behind Singapore, Bangladesh and Sudan)

Yep! Shutting down the Department of Education could eliminate a lot of Pell Grants so the poorest kids can learn their place in American society and not how to lead her in the future.

But, we absolutely have to coddle every corporation we can!

And you wonder why those of us who consider consequences shake our heads in incredulity whenever simple solutions for complex problems are proffered.

Why do Libs always assume the worst about people?

Do landlords keep apartments filled by denying heat in the winter? Seriously?
I'm the county building inspector. Do you want to argue from anedotal evidence, or shall I give you real world examples of landlord abuse?

...and that's with HUD Fannie, Freddie and the Department of Education.

no doubt, we must need more government
 
Maybe not a tax cut, but what about taking ALL of Social Security and Medicare tax from the employee and just make the employer responsible for submiting it.

Speaking as an employer - What's the difference? Anything the company has to pay on your behalf is in lieu of additional wages. There's no free lunch.
 
Oh Jesus.. County Building Inspector? No wonder he loves government so... another pig at the trough.

Your arguments just got shot to shit!!


LOL!!!!!!
 
Blood sucking public servant bitching about the very businesses that he clings to like a parasite for his very existence.

Oh.. the irony.
 
and employment and wages continue to decline.

Hence GDP does not double, because eventually that path leads to an economy with no consumers.

Wrong. One of your big mistakes, culo, was accepting the moronic additional premise offered so ignorantly and baselessly by uscitizen.

It's already happening, dingus. The average QoL has been on the decline since the early 80's when all this voodoo began rolling out.
 
Oh... you want to add a faucet to your bathroom? Fill out these 5 forms, pay these fees, arrange for an inspection, put up this placard..... Useless fucks.
 
How to Cut the Federal Budget | The Heritage Foundation

Remind me what the Democratic program is to take care of our current situation? Raise taxes, increase regulation, launch another stimulus--oops infrastructure--oops jobs investment plan? How has all that worked out for you so far?

I love these deflections from the Democrat failures of the last 4 years.
Face it: The Democratic Party's vision has proven to be a disaster for America. The verdict on this experiment will be delivered tomorrow.
 

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