Re: The Truth Is Catching Up With Obama
What does my age have to do with anything?
First you state the free market is flawed. Why? You conclude because idiots get into power, make idiotic decisions, which lead to disastrous results.
So if we have a free market, why are these idiots making policies that would effect the market? Your idiots only influence an economy that is not free. Your calculating your conclusions on a mixed economy not a free economy. In a free economy idiots can only harm themselves.
So in your mind "abandonment of standards" is equal to laissez fair capitalism?
So what standards are you talking about? Considering the government (tax payers) was still backing loans, i.e. taking the risk. Government was constantly lowering the interest rates on loans and injected liquidity into the markets - allowing banking institutions to relax their mortgage standards. Government was and is manipulating the market; you know the idiots you are warning about. The sub-prime mess is a result of idiots like Obama that think more government is a solution for problems created by government in the first place.
Yeah, there are smart people in government but bureaucracy will only retard their production and ideas. If you want them to be unrestrained, you want them in the private sector.
do you think Obama will drill Anwar, South Dakota, the gulf of mexico and/or enable more nuclear energy? No Democrat will all they have is hope that some intelligent republican or libertarian will create technology so they won't have to come up with a viable energy solution.
Originally posted by trip
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First you state the free market is flawed. Why? You conclude because idiots get into power, make idiotic decisions, which lead to disastrous results.
So if we have a free market, why are these idiots making policies that would effect the market? Your idiots only influence an economy that is not free. Your calculating your conclusions on a mixed economy not a free economy. In a free economy idiots can only harm themselves.
Originally posted by trip
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So what standards are you talking about? Considering the government (tax payers) was still backing loans, i.e. taking the risk. Government was constantly lowering the interest rates on loans and injected liquidity into the markets - allowing banking institutions to relax their mortgage standards. Government was and is manipulating the market; you know the idiots you are warning about. The sub-prime mess is a result of idiots like Obama that think more government is a solution for problems created by government in the first place.
Originally posted by trip
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Originally posted by trip
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