Has your memory seen the last big recession? Did your memory keep track of what was done then?
Validuz, I am curious what would have Ron Paul done during the Great Recession 2008?
- Thread starter Ender
- Start date
Really, so tell me what you were doing during the Reagan years you fucking pinhead.
Swensonator
Veteran X
So now somebody needs to have lived through a historical event to know it happened?
well shit, what the hell happened the last 10,000 years if nobody is around?
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President Obama is awesome
Hulu - ABC Nightline: One-Term President
Hulu - ABC Nightline: One-Term President
No, but it helps because you do not get clouded from reading biased material of your choosing especially when it comes to politics. Especially when it comes to a snot nosed little kid know it all like yourself who thinks he knows all the answers.
That was a great article Ed.
Swensonator
Veteran X
Oh, I didnt realize that every single history book that records the economic recessions during republican presidencies was biased.
my bad.
Tantric Rex
Veteran XV
Why is he awesome? Hes done nothing.
Obama is bound and determined to try and spend us out of this recession. He is just now starting to realize that free market principles is what it will take to fix the economy. But even then he is not going to let the fre market run its course. he is going to try and manipulate the market, which will not get him the results he is hoping for.
I don't know how I missed this thread for this long. Also, I'm not a Libertarian, but the answer should be obvious:
Let the banks fail like they're supposed to. Most will be consumed up by non-shitty banks, CEOs will get canned, lawsuits will be filed, etc. We'll all suffer a bit, but not as bad as continuing on the same route, only trillions more in debt.
You really think even the slightest fiscal conservative (someone with a brain) would agree to spending trillions to help failed companies, so they can fail more down the road? Are you retarded? Really?
Maybe next time, Congress won't push banks into giving loans and shitty banks won't give them.
p.s. Forgive me if I don't believe the economists who said "doing nothing is worse than doing something!!" because they're the same ones that got us into this mess.
this isn't a recession or a depression, its the black horse of revelation
the great depression was nothing compared to this. back then they didn't know how to create a disaster this big so it exploded quickly and was repaired quickly.
Yep.
Well maybe "forced" isn't the right word, but yes, the same result/idea. And not all "regulation" isn't a bad thing, but telling banks who to give loans out to, is.
Again. You don't know what you're talking about.
Congress pushed banks into giving loans, sure. That doesn't mean that congress forced them. Our tax system pushes us to have kids because we get tax incentives, does that mean I'm going to have kids because of those incentives? no.
We didn't spend trillions moron.
No the problem was more than just "more regulation". It was the lack of efficient regulation. Allowing financial institutions to become too big to fail was a failure on our part.
printing money was the failure, people had too much of it and nothing to do with it. so they put it in the housing market because there is really no other place to invest money
no reserve currency, no production industry, no gain in the oil industry, and high overhead cost of investing in Asia. bits and pieces of the american economy have been bitten off and systematically shipped overseas to the point where there is no place to send money but asia where everything is made