How are any of these issues Democrat winning points? Even Republicans want smart regulation. The dems will guarantee the comical redundancies. Who do you think drives the insane Tax rules? Would you accept something simple like a flat tax? Government spending is an issue to both sides. The Rino's no longer act like they care, and the Democrats never cared in the first place. I'm guessing #4 is why you vote Democrat. Do you think there is some way to take working people's money and give it to the 'needy'. What is a correct redistribution on your sliding scale. I'm genuinely curious. I won't say it is impossible for the government to help society, but when you have Nadler on one side and Graham on the other, I don't have high hopes. I'm not sure I can remember the last 'government' solution that actually made things better. I know you hate Libertarians, but I see some wisdom in the government getting out of people's way.
The Left seems to think that any regulation is good regulation. The Right seems to think that all regulation is bad regulation. They're both wrong.
The Meltdown taught us nothing, and it should have.
Effective, efficient regulation is not a handicap to capitalism - it's an
absolutely necessary component of it. The Right refuses to see that. Therefore, as I mentioned, we keep screwing it up worse because all we know how to do is apply band aids.
Our government is as badly split as we are. As long as we keep enabling that, we'll keep screwing up capitalism. And as long as we keep screwing up capitalism, the socialists and the communists will continue to get stronger.
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If both sides are wrong on regulation, why do you vote Democrat? If we stick to economics, besides regulation, at least republicans have figured out 70% taxation kills growth, and doesn't just target the rich. Both sides are wrong on regulation and spending, so why not choose the one that at least gets something right?
Well, I just agree with the Democrats on more issues than the Republicans. The economy is just one issue.
But I don't see the Republicans better on the economy at all. They just claim to be. Look at what Dubya left behind.
The GOP lost its shit on the economy the moment it took Reagan's "government is the problem" speech tag line as literal gospel.
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You are the biggest ******* liar if you think it was solely Booooosh that caused the economy down turn while claiming to be some financial ******* advisor.
You already in your pathetic way showed how ignorant you are when you claimed that the rewriting of the Community Reinvestment Act had no effect on the economy.
It is an actual fact that the toothless 1977 regulations fully expired in July 1997, when President Clinton rewrote them to toughen CRA enforcement as part of a crusade to close the "mortgage gap" between blacks and whites. For the first time, banks were required to show results. One of the five performance criteria in the "lending test" — the most heavily weighted component of the CRA exam — was adopting "flexible lending practices" to address the credit needs of poor borrowers in "predominantly minority neighborhoods." Banks that didn't bend their underwriting rules risked flunking the exam.
Ex-Federal Reserve Board Gov. Lawrence Lindsey, a staunch CRA defender, acknowledges that the changes "did contribute to a downgrading of credit standards."
Under Clinton's CRA "investment test," moreover, banks for the first time earned CRA credit for purchasing subprime securities. A wave of these securitizations in the secondary mortgage market and on Wall Street began in 1997, which also happened to mark the start of the housing bubble.
We also know clinton signed the Commodity Futures Modernization Act in December of 2000 and that exempted default swaps from any regulation.
We also know fruitcake Barney Frank and Dodd headed up the Fannie and Freddie debacle.
We also know that the democrats took over the House and Senate in 2007 and it is an actual fact that they ignored all warnings put out by the White House of the bubble. It is all documented in the White House archives you loser.
You are either the most incompetent financial advisor on the planet or a ******* liar.
A socialist financial advisor everyone.