Didn't want to embarass you, but the two wars and the two tax cuts were more than enough.
Longest stretch of high unemployment since Great Depression
- Thread starter icedancer2theend
- Start date
Didn't want to embarass you, but the two wars and the two tax cuts were more than enough.
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The Almighty
Neither of which led to the banking crisis you dolt. But thanks for 'embarrassing me'. You fucking retard.
Do you think they were contributing factors?
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The Almighty
To the banking crisis? No.
But please, since you obviously feel otherwise, please elaborate on how you think either led to the banking meltdown.
What you are in essence saying is that it doesn't matter how fiscally irresponsible the government is, or how many extra trillions they spend. It is completely, 100% independent of the rest of the economy, and by extension, the health of the banking system.
That is not a strawman. That is what you are saying.
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The Almighty
No moron, THAT is your fucking straw man. Show me where I stated ANY such nonsense.
Or perhaps you can actually ANSWER THE FUCKING QUESTION... HOW DO YOU THINK EITHER CAUSED/CONTRIBUTED TO THE BANKING CRISIS
It's hilarious that you don't think that overspending & fiscal irresponsibility can be contributing factors at all. It IS what you are saying - that these are independent of the health of the banking system.
You sound really stupid right now.
zappasguitar
Well-known member
His complete inability to put together a single sentence without using vulgarity doesn't do much to rectify that either...
What you are saying is that the banking is the entirety of the economy? (note: When you start a statement with so what you are saying, it is likely a straw man.)
USFREEDOM911
MAKE AMERICA GREAT AGAIN
Instead of you and Rune just repeating the accusation, why don't you do as requested and show the connections?
You've really been honing those reading skills. Congrats.
Because he cannot. The US wasn't defaulting on payments, it wasn't government debt that caused the banking crisis. The crisis was caused by bad debt, not debt to the US government. While fiscally irresponsible and immoral to purchase largesse now with your grandchildren's money, it was not the debt or spending of the US government that caused or contributed to that particular crisis. While policies to lend money to people who could not afford it contributed to it, that is also not spending or debt for the US government.
Of course, Onceler tries to say that this means SF believes that Bush didn't contribute to it in any way, which is also silly and not what SF said.
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The Almighty
It's hilarious you can't answer the fucking question.
No, overspending & fiscal irresponsibility are not independent of the health of the banking system/economy. Which is why I NEVER FUCKING STATED ANY SUCH NONSENSE.
That said, to pretend THAT is what caused the banking collapse or that it had any significant effect on the collapse is nothing short of ABSURD.
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The Almighty
LMAO... you can't comprehend a thing I write, you create one straw man after another and then you tell OTHERS they need to hone their reading skills?
You are a fucking riot today. You are almost at Dungs normal level of hackery.
Your answer, to my question regarding if you thought the fiscal irresponsibility of the Bush admin was a contributing factor to the banking crisis.
Just a reminder.
And 7+ years of fiscal irresponsibility had no effect whatsoever on the causes of "bad debt"?
You sure about that, Bushie?
USFREEDOM911
MAKE AMERICA GREAT AGAIN
And that's why I asked; because all the two of them are doing is playing tag team of "prove it - prove it - prove it", no matter how many times SF has asked them to show something to support their feelings.
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The Almighty
Which again mr Straw man maker is NOT the same as 'did Bush's fiscal policy have any effect on the banking industry AT ALL'.
IT WAS NOT ANY TYPE OF MAJOR CONTRIBUTOR TO THE BANKING SECTOR GOING UNDER.
The banks got levered WAY too fucking high... The Wars and government spending did not cause that
Lenders got WAY too loose in lending practices... the wars and government spending did not cause that
Borrowers took on way more than they should have... the wars and government spending did not cause that
So again... are you EVER going to answer?
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The Almighty
Tell us Onceler... you keep asking the same thing... you obviously believe it did... so TELL US HOW YOU THINK IT DID. Why are you so fucking afraid to answer that question?
I have answered. I see how things are interconnected in the real world; you see #'s on a spreadsheet.
Wall Street, lending, borrowing, credit - all of these things do not exist independently of the nation's fiscal health. In fact, they ebb & flow in direct relation to the nation's fiscal health. The wars, the tax cuts, the "deficit spending doesn't matter philosophy"? All of those were a big deal when it came to the nation's fiscal health.