posted on Feb, 7 2009 @ 10:22 PM
Originally posted by mental modulator
Originally posted by soldiermom
Starred and flagged. This shines some light into the dark corners the democrats didn't want the light of day to touch.
Of course, the people that think Bush is evil will still see him that way even though he isn't, much the same way Obama fans think he's a knight in
shining armour even though he isn't.
Truth doesn't always matter to some people.
Are you nuts???
All of a sudden in this ONE circumstance BUSH became a LIBERAL?
BUSH further deregulated electricity, military supply, insurance companies, public works , nuclear standards, pollution standards, lead in water
ALL of a sudden BUSH said WAIT - I think I will regulate the mortgage and financial industry while we are in the middle of a boom...
GOD you guys are way past funny....\
Look, I understand that you probably dont have a whole lot of formal education in the business world or in economics and these fields are often over
simplified by people who try to explain them. I hope my explanation may provide you with a little more insight and I mean that in a sincere way.
As a general rule, when you DONT have the government telling you that there is a certain restriction on a product that makes it more difficult to
produce that product the net result is positive in sales.
For example, the engineer doesnt have to rework a design so that it makes less emisions. Which in turn means that the company doesnt have to pay the
engineer for all the extra work which = money saved. It also means that the product is easily manufactured at a lower cost which means the volume of
that product can be supplied more easily and at a cheaper cost.
hence nuclear deregulation, electric, pollution, etc. can do what it does more easily.
In economic terms, the supply curve has shifted to the right. (look up supply and demand curves.)
Now, when you give loans or give money to people who can never pay it back, the net result is a loss and the result initiates a chain reaction. The
bank got the money from somewhere and they are unable to pay it back. the result travels through the financial markets. Now, when people are nto being
paid for their products/services they stop producing. This creates a downturn in the economy. This is a business minded thought process and this was
what bush was thinking when he did all these things. It is really common sense.