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October 9, 2008 at 10:26 AM #284037October 9, 2008 at 12:55 PM #284107DWCAPParticipant
Obama for smaller Gov. RIGHT! Same as he is gonna cut spending like he promised in the last Debate right?
“The nonpartisan Committee for a Responsible Federal Budget has found that both Obama and McCain are proposing combinations of tax and spending policies that would increase the federal deficit. It found that in 2013, Obama’s proposals would produce a net deficit increase of $286 billion, while McCain’s major policies would produce a net deficit increase of between $167 billion and $259 billion. In talking to CNN, CRFB President Maya MacGuineas estimated that McCain’s deficit increase would fall midway between the extremes of that range, at $211 billion.” -Factcheck.org
I know gandoff and breeze and the rest wont listen to this, but those of you saying that Republicans are entirely to blame and Democrats, ANY democrat, is better are no better than the red state blindmen you so hate. Policies matter, not the letter after your name, and frankly our two choices have nearly the same polices. So our choice is bad policies or exactly the same bad policies in a little different wrapper. WOW! whata choice.
October 9, 2008 at 12:55 PM #284394DWCAPParticipantObama for smaller Gov. RIGHT! Same as he is gonna cut spending like he promised in the last Debate right?
“The nonpartisan Committee for a Responsible Federal Budget has found that both Obama and McCain are proposing combinations of tax and spending policies that would increase the federal deficit. It found that in 2013, Obama’s proposals would produce a net deficit increase of $286 billion, while McCain’s major policies would produce a net deficit increase of between $167 billion and $259 billion. In talking to CNN, CRFB President Maya MacGuineas estimated that McCain’s deficit increase would fall midway between the extremes of that range, at $211 billion.” -Factcheck.org
I know gandoff and breeze and the rest wont listen to this, but those of you saying that Republicans are entirely to blame and Democrats, ANY democrat, is better are no better than the red state blindmen you so hate. Policies matter, not the letter after your name, and frankly our two choices have nearly the same polices. So our choice is bad policies or exactly the same bad policies in a little different wrapper. WOW! whata choice.
October 9, 2008 at 12:55 PM #284418DWCAPParticipantObama for smaller Gov. RIGHT! Same as he is gonna cut spending like he promised in the last Debate right?
“The nonpartisan Committee for a Responsible Federal Budget has found that both Obama and McCain are proposing combinations of tax and spending policies that would increase the federal deficit. It found that in 2013, Obama’s proposals would produce a net deficit increase of $286 billion, while McCain’s major policies would produce a net deficit increase of between $167 billion and $259 billion. In talking to CNN, CRFB President Maya MacGuineas estimated that McCain’s deficit increase would fall midway between the extremes of that range, at $211 billion.” -Factcheck.org
I know gandoff and breeze and the rest wont listen to this, but those of you saying that Republicans are entirely to blame and Democrats, ANY democrat, is better are no better than the red state blindmen you so hate. Policies matter, not the letter after your name, and frankly our two choices have nearly the same polices. So our choice is bad policies or exactly the same bad policies in a little different wrapper. WOW! whata choice.
October 9, 2008 at 12:55 PM #284436DWCAPParticipantObama for smaller Gov. RIGHT! Same as he is gonna cut spending like he promised in the last Debate right?
“The nonpartisan Committee for a Responsible Federal Budget has found that both Obama and McCain are proposing combinations of tax and spending policies that would increase the federal deficit. It found that in 2013, Obama’s proposals would produce a net deficit increase of $286 billion, while McCain’s major policies would produce a net deficit increase of between $167 billion and $259 billion. In talking to CNN, CRFB President Maya MacGuineas estimated that McCain’s deficit increase would fall midway between the extremes of that range, at $211 billion.” -Factcheck.org
I know gandoff and breeze and the rest wont listen to this, but those of you saying that Republicans are entirely to blame and Democrats, ANY democrat, is better are no better than the red state blindmen you so hate. Policies matter, not the letter after your name, and frankly our two choices have nearly the same polices. So our choice is bad policies or exactly the same bad policies in a little different wrapper. WOW! whata choice.
October 9, 2008 at 12:55 PM #284447DWCAPParticipantObama for smaller Gov. RIGHT! Same as he is gonna cut spending like he promised in the last Debate right?
“The nonpartisan Committee for a Responsible Federal Budget has found that both Obama and McCain are proposing combinations of tax and spending policies that would increase the federal deficit. It found that in 2013, Obama’s proposals would produce a net deficit increase of $286 billion, while McCain’s major policies would produce a net deficit increase of between $167 billion and $259 billion. In talking to CNN, CRFB President Maya MacGuineas estimated that McCain’s deficit increase would fall midway between the extremes of that range, at $211 billion.” -Factcheck.org
I know gandoff and breeze and the rest wont listen to this, but those of you saying that Republicans are entirely to blame and Democrats, ANY democrat, is better are no better than the red state blindmen you so hate. Policies matter, not the letter after your name, and frankly our two choices have nearly the same polices. So our choice is bad policies or exactly the same bad policies in a little different wrapper. WOW! whata choice.
October 9, 2008 at 2:13 PM #284531Diego MamaniParticipantWe already have an option: The Libertarian Party.
You should read today’s WSJ article on the Greenspan’s legacy revisited. It discusses how today’s mess could have been prevented since the 1990s when several smart voices called for some regulation or oversight of the derivatives markets and hedge funds. At the very least, those voices wanted transparency if not regulation.
Transparency is key because no one knew (as we know today) that some players like Bear Sterns, etc., were leveraged 30-to-1 so it’s no surprise that a minor accident would bring the whole system down. Huge obligations in the trillions but tiny reserves? Insurers selling insurance against defaults without being properly capitalized? Yes, all that happened, but the worst part is that no adult was in charge.
But back in the 1990s Clinton’s Treasury (Rubin, Summers) and Greenspan forcefully resisted any talk of overisght. Even as the LTCM collapsed in 1998 threatening to bring the whole financial system down!
Today’s problem is bipartisan. Fannie & Freddie, with their muddy accounting, and outrageous salaries and bonuses paid to its executives, had congressmen of both parties in their pockets. Similarly, hedge funds and derivatives dealers stopped any attempt at reform through lobbysts.
This is not a failure of free markets; it’s a failure of regulators asleep at the wheel, it’s a consequence of cronyism, and a result of special interest lobbysts at their worst.
Check out your phone book and look for the Libertarian Party local chapter. You can ask questions without committing yourself. It’s time we stop the Republicrats and Demoblicans from selling the people’s interests to special interests.
October 9, 2008 at 2:13 PM #284542Diego MamaniParticipantWe already have an option: The Libertarian Party.
You should read today’s WSJ article on the Greenspan’s legacy revisited. It discusses how today’s mess could have been prevented since the 1990s when several smart voices called for some regulation or oversight of the derivatives markets and hedge funds. At the very least, those voices wanted transparency if not regulation.
Transparency is key because no one knew (as we know today) that some players like Bear Sterns, etc., were leveraged 30-to-1 so it’s no surprise that a minor accident would bring the whole system down. Huge obligations in the trillions but tiny reserves? Insurers selling insurance against defaults without being properly capitalized? Yes, all that happened, but the worst part is that no adult was in charge.
But back in the 1990s Clinton’s Treasury (Rubin, Summers) and Greenspan forcefully resisted any talk of overisght. Even as the LTCM collapsed in 1998 threatening to bring the whole financial system down!
Today’s problem is bipartisan. Fannie & Freddie, with their muddy accounting, and outrageous salaries and bonuses paid to its executives, had congressmen of both parties in their pockets. Similarly, hedge funds and derivatives dealers stopped any attempt at reform through lobbysts.
This is not a failure of free markets; it’s a failure of regulators asleep at the wheel, it’s a consequence of cronyism, and a result of special interest lobbysts at their worst.
Check out your phone book and look for the Libertarian Party local chapter. You can ask questions without committing yourself. It’s time we stop the Republicrats and Demoblicans from selling the people’s interests to special interests.
October 9, 2008 at 2:13 PM #284200Diego MamaniParticipantWe already have an option: The Libertarian Party.
You should read today’s WSJ article on the Greenspan’s legacy revisited. It discusses how today’s mess could have been prevented since the 1990s when several smart voices called for some regulation or oversight of the derivatives markets and hedge funds. At the very least, those voices wanted transparency if not regulation.
Transparency is key because no one knew (as we know today) that some players like Bear Sterns, etc., were leveraged 30-to-1 so it’s no surprise that a minor accident would bring the whole system down. Huge obligations in the trillions but tiny reserves? Insurers selling insurance against defaults without being properly capitalized? Yes, all that happened, but the worst part is that no adult was in charge.
But back in the 1990s Clinton’s Treasury (Rubin, Summers) and Greenspan forcefully resisted any talk of overisght. Even as the LTCM collapsed in 1998 threatening to bring the whole financial system down!
Today’s problem is bipartisan. Fannie & Freddie, with their muddy accounting, and outrageous salaries and bonuses paid to its executives, had congressmen of both parties in their pockets. Similarly, hedge funds and derivatives dealers stopped any attempt at reform through lobbysts.
This is not a failure of free markets; it’s a failure of regulators asleep at the wheel, it’s a consequence of cronyism, and a result of special interest lobbysts at their worst.
Check out your phone book and look for the Libertarian Party local chapter. You can ask questions without committing yourself. It’s time we stop the Republicrats and Demoblicans from selling the people’s interests to special interests.
October 9, 2008 at 2:13 PM #284513Diego MamaniParticipantWe already have an option: The Libertarian Party.
You should read today’s WSJ article on the Greenspan’s legacy revisited. It discusses how today’s mess could have been prevented since the 1990s when several smart voices called for some regulation or oversight of the derivatives markets and hedge funds. At the very least, those voices wanted transparency if not regulation.
Transparency is key because no one knew (as we know today) that some players like Bear Sterns, etc., were leveraged 30-to-1 so it’s no surprise that a minor accident would bring the whole system down. Huge obligations in the trillions but tiny reserves? Insurers selling insurance against defaults without being properly capitalized? Yes, all that happened, but the worst part is that no adult was in charge.
But back in the 1990s Clinton’s Treasury (Rubin, Summers) and Greenspan forcefully resisted any talk of overisght. Even as the LTCM collapsed in 1998 threatening to bring the whole financial system down!
Today’s problem is bipartisan. Fannie & Freddie, with their muddy accounting, and outrageous salaries and bonuses paid to its executives, had congressmen of both parties in their pockets. Similarly, hedge funds and derivatives dealers stopped any attempt at reform through lobbysts.
This is not a failure of free markets; it’s a failure of regulators asleep at the wheel, it’s a consequence of cronyism, and a result of special interest lobbysts at their worst.
Check out your phone book and look for the Libertarian Party local chapter. You can ask questions without committing yourself. It’s time we stop the Republicrats and Demoblicans from selling the people’s interests to special interests.
October 9, 2008 at 2:13 PM #284489Diego MamaniParticipantWe already have an option: The Libertarian Party.
You should read today’s WSJ article on the Greenspan’s legacy revisited. It discusses how today’s mess could have been prevented since the 1990s when several smart voices called for some regulation or oversight of the derivatives markets and hedge funds. At the very least, those voices wanted transparency if not regulation.
Transparency is key because no one knew (as we know today) that some players like Bear Sterns, etc., were leveraged 30-to-1 so it’s no surprise that a minor accident would bring the whole system down. Huge obligations in the trillions but tiny reserves? Insurers selling insurance against defaults without being properly capitalized? Yes, all that happened, but the worst part is that no adult was in charge.
But back in the 1990s Clinton’s Treasury (Rubin, Summers) and Greenspan forcefully resisted any talk of overisght. Even as the LTCM collapsed in 1998 threatening to bring the whole financial system down!
Today’s problem is bipartisan. Fannie & Freddie, with their muddy accounting, and outrageous salaries and bonuses paid to its executives, had congressmen of both parties in their pockets. Similarly, hedge funds and derivatives dealers stopped any attempt at reform through lobbysts.
This is not a failure of free markets; it’s a failure of regulators asleep at the wheel, it’s a consequence of cronyism, and a result of special interest lobbysts at their worst.
Check out your phone book and look for the Libertarian Party local chapter. You can ask questions without committing yourself. It’s time we stop the Republicrats and Demoblicans from selling the people’s interests to special interests.
October 9, 2008 at 2:21 PM #284552gandalfParticipantDWCAP and cooprider don’t ‘get it’. There’s not any money left to spend. It’s all spent. Nothing but debt to the tune of $200-300K per family in America. We’re collectively broke, and the bills are coming due. We’re nationalizing the banking system to keep the thing afloat.
This little whine about “Obama’s a liberal” and “liberals tax-n-spend” is time-warp horseshit from the 1980s. It’s pathetic. We have ENORMOUS ISSUES before us. The world is now different. Time to return to responsible governance.
Obama / Biden ’08.
October 9, 2008 at 2:21 PM #284541gandalfParticipantDWCAP and cooprider don’t ‘get it’. There’s not any money left to spend. It’s all spent. Nothing but debt to the tune of $200-300K per family in America. We’re collectively broke, and the bills are coming due. We’re nationalizing the banking system to keep the thing afloat.
This little whine about “Obama’s a liberal” and “liberals tax-n-spend” is time-warp horseshit from the 1980s. It’s pathetic. We have ENORMOUS ISSUES before us. The world is now different. Time to return to responsible governance.
Obama / Biden ’08.
October 9, 2008 at 2:21 PM #284523gandalfParticipantDWCAP and cooprider don’t ‘get it’. There’s not any money left to spend. It’s all spent. Nothing but debt to the tune of $200-300K per family in America. We’re collectively broke, and the bills are coming due. We’re nationalizing the banking system to keep the thing afloat.
This little whine about “Obama’s a liberal” and “liberals tax-n-spend” is time-warp horseshit from the 1980s. It’s pathetic. We have ENORMOUS ISSUES before us. The world is now different. Time to return to responsible governance.
Obama / Biden ’08.
October 9, 2008 at 2:21 PM #284499gandalfParticipantDWCAP and cooprider don’t ‘get it’. There’s not any money left to spend. It’s all spent. Nothing but debt to the tune of $200-300K per family in America. We’re collectively broke, and the bills are coming due. We’re nationalizing the banking system to keep the thing afloat.
This little whine about “Obama’s a liberal” and “liberals tax-n-spend” is time-warp horseshit from the 1980s. It’s pathetic. We have ENORMOUS ISSUES before us. The world is now different. Time to return to responsible governance.
Obama / Biden ’08.
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