Thread: General Politics Why do people like Chris Christie?
View Single Post
Old 02-09-2013, 11:42 PM   #102
BucEyedPea BucEyedPea is offline
BucPatriot
 
BucEyedPea's Avatar
 

Join Date: Apr 2006
Location: None of your business
Casino cash: $107875
Quote:
Originally Posted by chiefzilla1501 View Post
Too funny. So the crash had a lot more to do with us paying too much for social security and welfare, and had nothing to do with private sector financial institutions going unregulated as they gambled literally trillions of dollars in risky derivatives and as horrendous lending practices destroyed the mortgage market.
You keep harping on this "unregulation" and I've discussed it with you already by saying the previous tried and true regulation was simply replaced with new and different regulations. So it could not have been regulation itself.

Quote:
Anyone claiming government spending was the primary reason for the crash or even close... it's just laughable. If anything, government didn't do enough, and the motives for not doing anything suck.
No the regulators were asleep not doing their jobs and I didn't say govt spending...I responded to "more govt." It was govt that decided to replace previous regulations with new and untried regulations. That was adding more govt. That was govt activism.

The root of the problem was Federal Reserve monetary policy which leads to such speculation in markets because the extra money/credit they create has to be spent somewhere. This creates overheated areas called cones. Who created the Federal Reserve? It was created at the start of the BIG govt era. Hence, more govt is still the underlying root of the problem. Especially one that is in bed with banks and financial institutions because guess who bailed them out which created moral hazard? More govt.

Wake up.
__________________
“Experience should teach us to be most on our guard to protect liberty when the Government’s purposes are beneficent. Men born to freedom are naturally alert to repel invasion of their liberty by evil-minded rulers. The greatest dangers to liberty lurk in insidious encroachment by men of zeal, well-meaning but without understanding.” — James Madison
Posts: 56,209
BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.
  Reply With Quote