CrusaderFrank
Diamond Member
- May 20, 2009
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The problem with the economy is conservative economic theories of the past...they were put into practice and the chickens have come home to roost
That's a bit redundant, isn't it?Please tell us or admit to being a low IQ liberal
The problem with the economy is conservative economic theories of the past...they were put into practice and the chickens have come home to roost
Which of Friedmans theories do you have in mind? and why????
Please tell us or admit to being a low IQ liberal
Much of the securitization took the form of collateralized debt obligations (CDOs) with senior credit tranches certified by rating agencies as AAA. It was the failure to properly price such risky assets that characterized the crisis. "Epilogue", p. 512
Alan Greenspan - Wikiquote
The problem with the American economy is the 1%.
Over the last 30 years, the economic philosophy has been to enrich these folks with money and tax incentives in the hopes that they would trickle the wealth down to the rest of us.
Never happened.
Whats the problem with the US Economy
Too much red tape,
Too much spending on other countries and none on ours.
Spending into thin air
Rewarding failure
Our educational system is fucekd up under unions.
The problem with the American economy is the 1%.
Over the last 30 years, the economic philosophy has been to enrich these folks with money and tax incentives in the hopes that they would trickle the wealth down to the rest of us.
Never happened.
Unfortunately, we still live in Reagan and Bush's America when it comes to economic philosophy. The real "takers" are the multi-nationals and the super wealthy. The producers and the drivers of the economy work to send everything up the ladder wholesale, and what they've gotten in return is higher health care costs, less job security, broken contracts, broken unions, stagnant wages, no benefits, and job outsourcing.
All the rules have been written by the people that these folks own in Washington, and they continue to benefit the most from the system that exists today. The average American will either tell you things are about the same or just a little bit better or worse than 4 years ago. However, there is not one single 1%'er who could be justified in saying the same thing. Not Romney, not Trump, not the estate of Steve Jobs, not the Facebook guy, not Sheldon Adelson.
Those people had 4 amazing, record-breaking years, thanks in part to "rules and regulations" that have been written to specifically benefit them.
It all goes back to the Nationalist Reagan Socialist economic philosophy that says we all slave away in order to make the top guy rich and then and only then will he rain cash upon us all. What a fucking lunatic way to run a country, but that's where we're at and hopefully that'll start changing as the fiscal cliff approaches.
The problem with the American economy is the 1%.
Over the last 30 years, the economic philosophy has been to enrich these folks with money and tax incentives in the hopes that they would trickle the wealth down to the rest of us.
Never happened.
Unfortunately, we still live in Reagan and Bush's America when it comes to economic philosophy. The real "takers" are the multi-nationals and the super wealthy. The producers and the drivers of the economy work to send everything up the ladder wholesale, and what they've gotten in return is higher health care costs, less job security, broken contracts, broken unions, stagnant wages, no benefits, and job outsourcing.
All the rules have been written by the people that these folks own in Washington, and they continue to benefit the most from the system that exists today. The average American will either tell you things are about the same or just a little bit better or worse than 4 years ago. However, there is not one single 1%'er who could be justified in saying the same thing. Not Romney, not Trump, not the estate of Steve Jobs, not the Facebook guy, not Sheldon Adelson.
Those people had 4 amazing, record-breaking years, thanks in part to "rules and regulations" that have been written to specifically benefit them.
It all goes back to the Nationalist Reagan Socialist economic philosophy that says we all slave away in order to make the top guy rich and then and only then will he rain cash upon us all. What a fucking lunatic way to run a country, but that's where we're at and hopefully that'll start changing as the fiscal cliff approaches.
Reagan is not President, neither is Bush
Are you saying we have too many rich people in this county, or that we have rich people at all?