apple0154
MEOW
Talk about idiocy you think an ideology that brought the world to the brink of financial collapse had a "flaw"? A slight defect? Not quite perfect? Perhaps, more like a complete disaster would be more appropriate.
Some are still in the dark on Obama
- Thread starter Dixie - In Memoriam
- Start date
Talk about idiocy you think an ideology that brought the world to the brink of financial collapse had a "flaw"? A slight defect? Not quite perfect? Perhaps, more like a complete disaster would be more appropriate.
Dixie - In Memoriam
New member
But that's not what Greenspan said, is it?
And let's be perfectly clear, the 'ideology' is responsible for creating the greatest superpower mankind has ever known. While it may have a flaw or two, it is light years ahead of any other opposing 'ideology' in terms of success. What has proven to be a complete disaster, is 4 years of trying to destroy this ideology... but you keep trying!
PostmodernProphet
fully immersed in faith..
liberalism?.......
dixon76710
New member
When the defect is government incentives, you eliminate the government incentives.
apple0154
MEOW
The disaster goes back more than 4 years. Just one example is medical care. Free enterprise. The invisible hand. Charge what the market will bear and to hell with the 45,000 people who die every year because they can't bear the cost. You call that success?
Greenspan!
What is so great about being a superpower?
Beats me. You get to be number one in obesity?
Number one in most money spent on weapons?
Biggest oil glutton on the planet?
Yippee.
Dixie - In Memoriam
New member
Why do you keep mentioning "the invisible hand?" There is no "invisible hand" when it comes to capitalism and free enterprise. There are consumers and capitalists, and they mutually benefit from transaction with each other. When they engage in these transactions, tax revenue is generated, which funds the government. There is not a magic hand or invisible hand. None of this has anything to do with health care, as much as you want to talk about the mythical 45,000 dead people who couldn't use the health clinic. Greenspan basically said the "flaw" was the result of the government misunderstanding what the hell they were doing, when they started monkeying around with the rates. IF government had stayed the hell out of it, and allowed capitalists to do what they do, there would have been no flaw!
Dixie - In Memoriam
New member
It serves to stuff a great big sock in the kisser of Commies, Socialists and Eurotrash when they start muttering their idiotic nonsense!
Oh, that is so important, getting to be the world bully. Matches your mentality, Dixie!
apple0154
MEOW
Don't be absurd. The disaster was due to loosening of controls. Naive Greenspan thought if enough people lost money others wouldn't invest in a particular thing and it would all balance out. The problem was by the time people realized it was all a scam too many had invested. That was the problem in a nutshell. No controls so all the greedy bastards jumped on the same wagon. Unfortunately, the wheels fell off.
Dixie - In Memoriam
New member
Greenspan was chairman of the Federal Reserve, a government agency. If government had not been involved, Greenspan wouldn't be testifying anything.
Chris Dodd and Barney Frank concocted a scheme to back low-interest loans to low-income people, and Bush signed off on it, with Greenspan's blessings. The whole thing went Tits Up, and now, nattering nincompoops like you, want to spin it into the fault of Bush and capitalists. You're a fucking IDIOT!
Dixie - In Memoriam
New member
Has nothing to do with being a bully. It has to do with which philosophy is wiser. Statist Socialism and Marxism, or Free Enterprise Capitalism. We went from being the youngest nation in the world, to the unquestionable leader in terms of military, financial, and technological endeavor. Our success is unmatched by any civilization in history, and in just a couple hundred years.
When Commies, Socialists and Marxists start yapping about "to each according to need" and "helping the masses" then the #1 World Superpower sock can go firmly in the ole kisser. That's what I meant... nothing to do with being a bully.
OMG!
What's going to happen to Dicksee's millions and millions and millions and millions and millions and millions (that's six, right?) when Romney declares war on Germany?
apple0154
MEOW
My goodness, your lack of knowledge regarding this is staggering. For one thing certain individuals bought a number of homes. The program wasn't designed just for the poor. Middle class, middle aged people were buying retirement homes 10 or more years before they planned to retire. There are entire subdivisions in Nevada left to rot. Subdivisions containing over 100,000 homes. In other words it wasn't designed to help just the poor get their first home and that was a major part of the problem.
You see, other countries have programs where first time buyers get a break. Sort of anti-capitalistic, if you will. Those with good jobs and a home have to place a larger down payment than the low income, no-home owner. That allows the poor to enter the housing market while preventing speculators. What a nifty idea, huh? Don't you just hate it when those darn social policies work out better?
