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Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
03-15-2018, 12:11 PM
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#1
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Registered User
Join Date: Jul 2008
Posts: 20,429
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Quote:
Originally Posted by spence
That was covered under "predatory lending."
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There was some of that, sure. There was also some reckless risk-taking. I knew people who bought houses that cost 7X their annual income. Stupid.
Spence, I got sucked into a business deal with a good friend 7 years ago (former good fiend). Turned out it was basically a Ponzi scheme, lost about a year's gross pay. What government program can I go to, to get bailed out for my stupidity? Because what my family did, was spend a lot less and I took a job (which I don't especially like) which pays more. Will take 10 years to re-coup. Where's my HARP program that I get to withdraw money from?
Liberals aren't especially keen on the idea of responsibility. Everything is someone else's fault.
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03-15-2018, 12:29 PM
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#2
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Registered User
Join Date: Oct 2003
Location: Bethany CT
Posts: 2,877
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Quote:
Originally Posted by Jim in CT
There was some of that, sure. There was also some reckless risk-taking. I knew people who bought houses that cost 7X their annual income. Stupid.
Spence, I got sucked into a business deal with a good friend 7 years ago (former good fiend). Turned out it was basically a Ponzi scheme, lost about a year's gross pay. What government program can I go to, to get bailed out for my stupidity? Because what my family did, was spend a lot less and I took a job (which I don't especially like) which pays more. Will take 10 years to re-coup. Where's my HARP program that I get to withdraw money from?
Liberals aren't especially keen on the idea of responsibility. Everything is someone else's fault.
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You were ok with Bush bailing out the banks, I take it. Also, if your stupidity (your word) was going to take down the entire economy of the US with it, there would likely be a program. If it were only those people who took those loans affected by it, there would not have been a program. When it causes the entire housing market to collapse and greatly impacts the ability of ALL businesses to borrow money, then it is within the function of the government to step in. At least in the opinion of most economists, the Bush administration, and the Obama administration.
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No, no, no. we’re 30… 30, three zero.
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03-15-2018, 01:38 PM
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#3
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,183
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Quote:
Originally Posted by zimmy
You were ok with Bush bailing out the banks, I take it. Also, if your stupidity (your word) was going to take down the entire economy of the US with it, there would likely be a program. If it were only those people who took those loans affected by it, there would not have been a program. When it causes the entire housing market to collapse and greatly impacts the ability of ALL businesses to borrow money, then it is within the function of the government to step in. At least in the opinion of most economists, the Bush administration, and the Obama administration.
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Zim, to help you understand Jim's thought process here's a brief tutorial.
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03-15-2018, 02:08 PM
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#4
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Registered User
Join Date: Jul 2008
Posts: 20,429
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Quote:
Originally Posted by spence
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I'm not a sheep like you Spence, I actually think things through, which is why I agree with both sides on different, major issues. I'd like to know a major component of the liberal platform that you disagree with. All ears.
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03-15-2018, 04:08 PM
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#5
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,183
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Quote:
Originally Posted by Jim in CT
I'm not a sheep like you Spence, I actually think things through, which is why I agree with both sides on different, major issues. I'd like to know a major component of the liberal platform that you disagree with. All ears.
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Sheep. HAHAHAHHAHAHAHAHAHHAHHAHAHAHAHHAHHA
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03-15-2018, 09:48 PM
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#6
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Registered User
Join Date: Oct 2003
Location: Bethany CT
Posts: 2,877
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Quote:
Originally Posted by Jim in CT
I'm not a sheep like you Spence, I actually think things through, which is why I agree with both sides on different, major issues. I'd like to know a major component of the liberal platform that you disagree with. All ears.
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You certainly pat yourself on the back alot. Good Christian value, vanity.
Posted from my iPhone/Mobile device
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No, no, no. we’re 30… 30, three zero.
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03-15-2018, 10:18 PM
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#7
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,561
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Quote:
Originally Posted by zimmy
You certainly pat yourself on the back alot. Good Christian value, vanity.
Posted from my iPhone/Mobile device
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I find great delight observing conservatives who wave the flag of Christianity and yet completely lack any understanding of the teachings of Jesus. I’m not pointing my finger at anyone here, just at my observations in life in general.
There’s a lot of people on this planet that need to take a long hard look in the mirror.
Posted from my iPhone/Mobile device
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03-15-2018, 02:06 PM
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#8
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Registered User
Join Date: Jul 2008
Posts: 20,429
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Quote:
Originally Posted by zimmy
You were ok with Bush bailing out the banks, I take it. Also, if your stupidity (your word) was going to take down the entire economy of the US with it, there would likely be a program. If it were only those people who took those loans affected by it, there would not have been a program. When it causes the entire housing market to collapse and greatly impacts the ability of ALL businesses to borrow money, then it is within the function of the government to step in. At least in the opinion of most economists, the Bush administration, and the Obama administration.
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"You were ok with Bush bailing out the banks, I take it." No, I was not.
"if your stupidity (your word) was going to take down the entire economy of the US with it, there would likely be a program"
That's a good argument for it. My rebuttal would be, if you don't let crooks/idiots fail, they never learn their lesson, so they have no incentive not to do it again. We cannot know what would have happened had they been allowed to fail.
So because I was individually stupid, instead of collectively stupid, I have to pay for my own mistake, as well as pay for the mistakes that others made that I did not make. Does that sound fair to you?
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03-15-2018, 02:44 PM
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#9
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,183
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Quote:
Originally Posted by Jim in CT
That's a good argument for it. My rebuttal would be, if you don't let crooks/idiots fail, they never learn their lesson, so they have no incentive not to do it again. We cannot know what would have happened had they been allowed to fail.
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What if the crooks are the ones writing the policy the idiots have to follow?
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03-15-2018, 02:57 PM
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#10
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Canceled
Join Date: Jun 2003
Location: vt
Posts: 13,069
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Quote:
Originally Posted by spence
What if the crooks are the ones writing the policy the idiots have to follow?
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Or rewriting?
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Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!
Niles: You have met “people”, haven’t you?
Lets Go Darwin
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03-15-2018, 07:47 PM
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#11
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Registered User
Join Date: Feb 2009
Posts: 7,688
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Quote:
Originally Posted by spence
What if the crooks are the ones writing the policy the idiots have to follow?
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03-15-2018, 09:00 PM
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#12
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Registered User
Join Date: Jul 2008
Posts: 20,429
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Quote:
Originally Posted by spence
What if the crooks are the ones writing the policy the idiots have to follow?
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Who "had to follow"? You're talking about the people who bought 3x the house they should have? The "had to follow"?
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