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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:

 
 
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Old 09-15-2008, 08:18 PM   #1
Nebe
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Spence, the problem is that most americans dont understand how our economy works and are just going to vote on emotion.. who they 'like' better...as opposed to who will do a better job.
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Old 09-15-2008, 08:30 PM   #2
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Spence, the problem is that most americans dont understand how our economy works and are just going to vote on emotion.. who they 'like' better...as opposed to who will do a better job.
Including the most coached candidates for the presidential position, the messiah an the pow
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Old 09-15-2008, 08:31 PM   #3
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sad but true.
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Old 09-15-2008, 08:42 PM   #4
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from the AP

What had happened?
Some seeds of the current crisis were planted in the late 1990s, when Congress and President Clinton reshaped the financial landscape. They removed Depression-era barriers between commercial banks and investment firms and allowed the creation of financial behemoths where, years later, the risks of underwriting risky subprime mortgages were somewhat hidden.

A chief author of that law was Phil Gramm, then a Republican senator from Texas and until recently one of McCain’s top economic advisers.
McCain voted for a Senate version of the bill but did not vote on the final package. Democratic vice presidential nominee Joe Biden voted against the Senate version but for the final compromise that was signed by Clinton.
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Old 09-15-2008, 08:48 PM   #5
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Its pretty obvious that we are also paying the price for all of that 'free' money from Alan Greenspan.. cheap credit cards.. spend spend spend.. Buy tons of chinese crap.. create a huge trade deficit.. but what do I know.. i am just a lowly artist.

I blame it all on Clinton.. not bush... he was too busy trying to screw us in other ways
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Old 09-15-2008, 08:49 PM   #6
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Quote:
Originally Posted by striperman36 View Post
from the AP

What had happened?
Some seeds of the current crisis were planted in the late 1990s, when Congress and President Clinton reshaped the financial landscape. They removed Depression-era barriers between commercial banks and investment firms and allowed the creation of financial behemoths where, years later, the risks of underwriting risky subprime mortgages were somewhat hidden.

A chief author of that law was Phil Gramm, then a Republican senator from Texas and until recently one of McCain’s top economic advisers.
McCain voted for a Senate version of the bill but did not vote on the final package. Democratic vice presidential nominee Joe Biden voted against the Senate version but for the final compromise that was signed by Clinton.
This is probably valid, although I'm sure there's more too it then that.

To be honest I don't hear much responsible economics coming from either side. As one newsmaker put it, it's just too complicated for most people to understand.

-spence
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Old 09-15-2008, 08:54 PM   #7
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laissez faire economics

happened through out history
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Old 09-15-2008, 08:54 PM   #8
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whats so complicated about it?
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Old 09-15-2008, 09:03 PM   #9
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I'm gonna try that approach..
EPO: Sir...it appears that that striper measures 33 7/8"
SKW: I'm not going to cooperate in your investigation...I believe it's tainted by EPO bias!
Repub. Reality
EPO: OK sir...we'll let that slide this time (wink wink) I was being a little unfair in my investigation.
My Reality
EPO: Give me the keys to your boat and truck and put your hands behind your back.
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Old 09-16-2008, 05:58 AM   #10
spence
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Quote:
Originally Posted by Nebe View Post
whats so complicated about it?
1) Requires a nuanced understanding of how markets operate
2) Requires people comprehend and accept things they don't want to hear

Watch CNBC then listen to politicians. It's as if they're often living other realities.

-spence
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Old 09-16-2008, 10:54 AM   #11
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Quote:
Originally Posted by striperman36 View Post
from the AP

What had happened?
Some seeds of the current crisis were planted in the late 1990s, when Congress and President Clinton reshaped the financial landscape. They removed Depression-era barriers between commercial banks and investment firms and allowed the creation of financial behemoths where, years later, the risks of underwriting risky subprime mortgages were somewhat hidden.

A chief author of that law was Phil Gramm, then a Republican senator from Texas and until recently one of McCain’s top economic advisers.
McCain voted for a Senate version of the bill but did not vote on the final package. Democratic vice presidential nominee Joe Biden voted against the Senate version but for the final compromise that was signed by Clinton.
Throw Nafta in the mix. Clinton very well was one helluva of a Republican president.
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