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Originally posted by Carseller4
Democrats forcing banks to make loans to people that can't pay them back is the REAL reason we are in the mess we are in today.
Also, we are not in the debt we are in because we are taxed too little, it's because we SPEND too much.
A rising tide raises ALL ships.
Originally posted by SeekingAlpha
Actually, if you did your homework, banks such as Wells Fargo did tons of loans to less qualified people and Wells Fargo held up okay. Giving predatory, liar, subprime loans is another story and is the result of deregulation that republicans thought and still thinks is a great idea.
With regards to debt, it's not just that we spend too much, we're taking in too little as well. It's a two way street. The most expensive and out of control bloated spending spree is for our military. We cut that by 25% and it would absolutely help our budget problems.
Either way you look at it, the Reaganomics is exactly what GHWB said it was "voodoo economics." This is the same crap being peddled by the right wingers that our country has been f'ed six ways to sunday. And guess what, Romney is peddling the same garbage.
Originally posted by Carseller4
Democrats forcing banks to make loans to people that can't pay them back is the REAL reason we are in the mess we are in today.
Also, we are not in the debt we are in because we are taxed too little, it's because we SPEND too much.
A rising tide raises ALL ships.
Originally posted by Carseller4
Originally posted by SeekingAlpha
Actually, if you did your homework, banks such as Wells Fargo did tons of loans to less qualified people and Wells Fargo held up okay. Giving predatory, liar, subprime loans is another story and is the result of deregulation that republicans thought and still thinks is a great idea.
With regards to debt, it's not just that we spend too much, we're taking in too little as well. It's a two way street. The most expensive and out of control bloated spending spree is for our military. We cut that by 25% and it would absolutely help our budget problems.
Either way you look at it, the Reaganomics is exactly what GHWB said it was "voodoo economics." This is the same crap being peddled by the right wingers that our country has been f'ed six ways to sunday. And guess what, Romney is peddling the same garbage.
Originally posted by Carseller4
Democrats forcing banks to make loans to people that can't pay them back is the REAL reason we are in the mess we are in today.
Also, we are not in the debt we are in because we are taxed too little, it's because we SPEND too much.
A rising tide raises ALL ships.
Re-do your homework and you will see that banks were FORCED to make these risky loans by government. This phenomenon started with Jimmy Carter, and was done more forcibly in the Clinton years. Social engineering never turns out well.
Originally posted by SeekingAlpha
I did do my homework. You didn't see the housing market collapse under Carter and Clinton like it did with Bush did you.
Predatory lending is the real issue and it was made possible by deregulating the banks and turning them into casinos thanks to the GOP.
Originally posted by Carseller4
Originally posted by SeekingAlpha
Actually, if you did your homework, banks such as Wells Fargo did tons of loans to less qualified people and Wells Fargo held up okay. Giving predatory, liar, subprime loans is another story and is the result of deregulation that republicans thought and still thinks is a great idea.
With regards to debt, it's not just that we spend too much, we're taking in too little as well. It's a two way street. The most expensive and out of control bloated spending spree is for our military. We cut that by 25% and it would absolutely help our budget problems.
Either way you look at it, the Reaganomics is exactly what GHWB said it was "voodoo economics." This is the same crap being peddled by the right wingers that our country has been f'ed six ways to sunday. And guess what, Romney is peddling the same garbage.
Originally posted by Carseller4
Democrats forcing banks to make loans to people that can't pay them back is the REAL reason we are in the mess we are in today.
Also, we are not in the debt we are in because we are taxed too little, it's because we SPEND too much.
A rising tide raises ALL ships.
Re-do your homework and you will see that banks were FORCED to make these risky loans by government. This phenomenon started with Jimmy Carter, and was done more forcibly in the Clinton years. Social engineering never turns out well.
This does not happen overnight. George Bush actually warned us about this. Government forcing banks to lend to minorities and the poor was a stupid idea, and it crashed the economy.