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Al Cook
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Posted: 25 July 2008 at 7:35pm | IP Logged | 1  

So, is the current dismal U.S. economy Clinton's fault? Or Carter's?
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Mike O'Brien
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Posted: 25 July 2008 at 7:35pm | IP Logged | 2  

Joel:  So, show me where Obama is just handing out money to people

Daniel: Oh, I know all about Savage.  I believe people have free will and that outside forces can not be blamed for people's actions, but he's clearly calling for his audience to murder people.  In direct terms.  No hyperboyle.  Have YOU listened to his show? 

Michael:  Of course I have looked at Obama's proposed spending plans.  I think they're great.  A corporate neo-con?  Well, it's a mixture of two terms.  Corporate means:  cor�po�rate audio� (k�rpr-t, k�rprt) KEY

ADJECTIVE:

Formed into a corporation; incorporated: the corporate companies of industrial America.

  1. Of or relating to a corporation: corporate assets; corporate culture.
  2. United or combined into one body; collective: made a corporate effort to finish the job.
  3. Of or relating to a corporative government or political system.

And Neo-Con means: ne�o�con audio� (n-kn) KEY

NOUN:
Informal

A neoconservative: "The neocons and hard-liners have long felt that no Soviet leader could be trusted" (New York Times).

In our modern political terminology, it refers to a conservative who favors the business end of things.

It must be hard for you, to have to look words up.  Gets you all frustrated.  You start spiting and ranting and typing angry things on the computer.

But to answer your question about Reganomics - so... if it was so great - and yeah, I'm just some dumb hick - I don't get big words and fancy economic logic - but if it was so great, why come we owe so much monies every time it put in effect?  Why come average income down so much?  Why come more poor people?  Duh.... me stupid... but I'm not that stupid. 

Why, look here: http://www.bls.gov/cps/prev_yrs.htm - I don't see unemployment too drastically changed by Trickle Down Economics - in fact - I see some pretty high spots of Unemployment.

And lookie here: http://www.census.gov/hhes/www/income/histinc/h06ar.html I don't see a huge benefit for the average income - the high point?  Internet bubble.

Here's a page that brainwashes dummies like me: http://www.rationalrevolution.net/war/trickle_down.htm

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Joe Zhang
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Posted: 25 July 2008 at 7:42pm | IP Logged | 3  

I agree with conservatives that government is not a very good way of spreading the wealth. On the other hand the multi-multi millionaires and billionaires seem hell-bent on concentrating all wealth with themselves. We're currently living the in the worst of both worlds.
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Mike O'Brien
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Posted: 25 July 2008 at 7:50pm | IP Logged | 4  

Let's clarify this - No presidential candidate is suggesting we just hand out money to people - just like no candidate is suggesting we destory the bill of rights - these are boogey man ideas used to scare electorate bases.

Obama does have some plans for having government provide certain services - which, being a democrat, I support.  I get that some conservatives like the idea of no taxes and pay as you go, etc - and to them, I say:

Ok.  Next time you call the cops, be ready to get a bill.  Next time your house is on fire - be prepared to pay the market value of a firefighter's time.  Want to walk on the street?  $5 please.  Hope you are one of those rich conservatives, because private school don't come cheap.

Et cetera.

No Democratic candidate has ever called for full on socialism.  It's not what Obama is pushing for, nor Kerry, Gore, Clinton, Dukakis, Mondale, Carter, McGovern, Humphrey, Johnson, Kennedy, Stevenson, Truman...

False boogy man argument.  Unless someone can prove it, let us move on from these lies and propaganda.

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Joel Tesch
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Posted: 25 July 2008 at 8:03pm | IP Logged | 5  

Ok.  Next time you call the cops, be ready to get a bill.  Next time your house is on fire - be prepared to pay the market value of a firefighter's time.  Want to walk on the street?  $5 please.  Hope you are one of those rich conservatives, because private school don't come cheap.

Mike, this argument is akin to a conservative arguing back at you with, "Ok Mike. Let's have a massive tax increase to employ everybody in the US. And let's have another massive tax increase to purchase everybody in the US a car. And another massive tax increase to purchase everyone a home. Because we all owe everyone employment, transportation and a home don't we?"

They're both extremely exaggerated perversions of a point of view that accomplish nothing.

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Jonathan Watkins
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Posted: 25 July 2008 at 8:19pm | IP Logged | 6  

So, is the current dismal U.S. economy Clinton's fault? Or Carter's?

*******

Mostly, the Democratic Congress of the 1980's.  Congress is the branch with the power to regulate interstate commerce (interstate commerce being defined as just about any thing that can in the most tenuous way be said to touch on economic concerns).  It was that Congress which created Freddie Mac and Fannie Mae.  The effect of this was to change the real estate market from a local market where mortgages were owed to local banks and turn it into a national system whereby the market could be exposed to investment in the same way things like commodities are exposed to investment.  Thus, the bubble and the bust.  In the past the Real Estate market was largely immune to something as pernicious and irrational as speculation.  No longer.

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Mike O'Brien
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Posted: 25 July 2008 at 8:41pm | IP Logged | 7  

Um, Joel, no, it's not.  Taxes pay for all the things I listed.  People don't need cars, but transportation is covered in many cities, by municipal transportation systems.  There is no flaw in my arguement.

I just got this pic e-mailed to me:

It's a good one, right?  Yeah!  We sure told those Commie Obama supporters, didn't we?

If John McCain wins, there will be no taxes!  Yay!

 

 

Um.  No.

You're going to get taxed either way. 

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Al Cook
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Posted: 25 July 2008 at 8:47pm | IP Logged | 8  

 Jonathan Watkins, quoting me, wrote:
So, is the current dismal U.S.
economy Clinton's fault? Or Carter's?

*******

Mostly, the Democratic Congress of the 1980's.


Right. Knew that it had to be the Democrats fault somehow. No way the
Republicans would have to shoulder any of that blame!
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Jonathan Watkins
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Posted: 25 July 2008 at 8:53pm | IP Logged | 9  

Huh?  I vote Democratic (with the youthful indiscretion of going for Perot when I was 19 or so).  Aside from that its been Clinton, Gore, Kerry and soon Obama.  But a bad idea is a bad idea, no matter which party comes up with it.  Exposing homeowners to the vagaries of a national market was a bad idea.

But, hokay!  Way to dismiss me as a blanket blame-the-libs GOPer.

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Al Cook
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Posted: 25 July 2008 at 9:06pm | IP Logged | 10  

Is there more wrong with the economy than just the mortgage situation
then?
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Josh Sherwood
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Posted: 25 July 2008 at 9:17pm | IP Logged | 11  

Just a few random questions, I guess ...

1. If it's the fault of the 1980's Democratic Congress, just how long should we have given the Republican Congress to fix it?  I mean, they had majority control for, what, 12 years?  Point of perspective: in the 80's, I was still prone to occasionally poop my pants.  Apparently, so was Congress.  I've grown up since then, how come they haven't?

2. If, 8 or 9 months into Obama's first term, a terrorist strike occurred on American soil, would anybody blame Bush?  Why do Republicans like to blame Clinton for 9/11 when they'd certainly not blame Bush for 9/12?  Hey, I've got an idea.  Let's blame FDR or Kennedy!

3. I haven't been actively following this now-massive thread.  Has anybody here discussed the Enron Loophole, which apparently is playing a part in the absurd oil prices we've been encountering?  Is anybody concerned that some of the people responsible for the existence and defense of that loophole are currently McCain's economic advisors?

4. We've seen trickle down economics in effect.  So have intelligent businessmen.  Just go study the case of any professional athlete who made a ton of money and then blew it on buying cars, houses, and drugs for their friends.  That, my friends, is trickle down economics, and no businessman or woman with half a brain would ever endorse or act such a policy.  People get rich by saving, not by spending. 

5. Everything is the Democrats fault.  I'm just pointing it out.  The fact that America had a Republican controlled Congress for more than a decade, including during the first 6 years of a Republican President's term in office, while a conservative bench served on the Supreme Court, means nothing.  It's the Democrats faults that everything has gone to hell.  Right?  Am I right?

6.  Lastly.  For those of you who are worried about Obama's spending plans, two points.  A) I could promise you the world, but I'd still never be able to give it to you without the cooperation of others.  Obama may have some brilliant-if-not-naive ideas, but that's what checks and balances is about.  They won't all happen.  B) More importantly.  Under the control of a conservative President and, up until recently, a conservative House, the United States of America is spending 12 billion - 12 billion!!! - a month in Iraq.  That's 144 billion a year, and that's just what's on the books.  Some speculate that it may be far more than that.  If it's true that Mr. Obama will seek to either cut American involvement, or at least American costs in Iraq over the next 12-14 months, then it's conceivable that he could actually spend money where we need it while still saving money at the end of the day.  I know it's a crazy concept, but when you have a government that isn't doing other insane, self-destructive* things, it may just work.

(*They're so self-destructive right now that people are actually thinking about voting Democrat!  It's crazy!)

Besides.  If taxes need to be raised, then screw it - raise taxes, particularly on the wealthy who benefited so unnecessarily from Bush's ridiculous tax cuts, and let's fix this country while there's still time.
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Joel Tesch
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Posted: 25 July 2008 at 9:19pm | IP Logged | 12  

Um, Joel, no, it's not.

Um, Mike, yes it is.

See I can play too!

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