topaz
7/14/2011 6:21:00 AM
On Jul 13, 10:05 am, moonpie <mr_rc_moon...@yahoo.com> wrote:
> John:
>
> >> Part of the reason that Williams does not feature the Iraq death count
> >> is that Obama has made serious progress in withdrawing troops from
> >> this country, trying to undo one of Bush's greatest catastrophes.
>
> Again and again and again, excuses and blame denial from you, always
> pointing the finger to the right in EVERY SINGLE CASE, and always
> excusing the left, in every single case.
>
> Keep arguing that you're not a liberal but I can pretty much sum up
> your entire political agenda with four words:
>
> GOP BAD WEALTHY BAD
>
> and I'm just tired of hearing it.
>
> So, I'm done. You are like talking to a self-righteous brick wall. No
> matter what anybody says, you CANNOT ACCEPT ANY BLAME FOR THE LEFT.
>
> Have a nice day.
>
> back to Topaz:
>
>
>
>
>
> >The housing/real estate crash was caused by greed and ignorance at
> >several levels, all the way from the level of the CEOs down to the man
> >on the street who bought too much house.
> >What is often ignored is the role Congress had to play and the
> >concept in Congress years before that the dream of home ownership
> >really should be available even for those who were not financially
> >that stable.
>
> >The big banks are more fun to attack in the media, as well as Fannie
> >and Freddie.
> >It is less fun to pick on a bus driver who bought too much house.
>
> >We are loiving in a society where people want the 40,000 dollar
> >SUV and are maxed out on their credit cards rather than admit they
> >are living too high on the hog. People are forgetting how to save
> >money.
>
> the other side of the coin here is that some people ARE starting to
> save a lot of money, instead of spending it... which means less money
> going into the Fed coffers as sales tax revenue, contributing to the
> too-much-going-out-not-enough-coming in problem.
>
> Every one of these issues is a huge double-edged sword, neither party
> will accept blame for the part they created, and both parties simply
> point the finger and dream up legislation that will "fix" only half
> the problem.
>
> Corporate taxes, for example. Both sides present ridiculous fuzzy math
> to "prove" their theories.
>
> Two schools of thought in Washington - Republicans - corporate taxes
> in other countries are much lower than they are in America, therefore,
> they should be lowered in america, to attract foreign corporations to
> open offices in america, and create jobs. Good theory - if it would
> work.
>
> Democrats will argue thats simply another tax break for the wealthy,
> and in 10 years of Bush tax cuts for the wealthy, no real new jobs
> were created. Therefore, corporate taxes should be raised.
>
> the republicans continue to argue that keeping expenses lower for the
> business class creates investment opportunities for them which creates
> employment - democrats argue that it can, but usually doesnt, and the
> business class doesnt invest, they simply dump the money into
> off-shore tax shelters.
>
> Personally I think both sides are right, and both sides are wrong, and
> both sides hold up straw men arguments to "prove" their theories.
>
>
>
> >Plenty of blame too for S and P rating organization, Moody's, the
> >little mortgage brokers etc. And let us not forget those Credit
> >Default Swaps, a financial concept that should have never been allowed
> >in the first place and the bets that Goldman Sachs took in the
> >markets that they would collapse.
>
> yeah by all accounts, some of the banking industry ran amok for the
> last ten years or so, thats probably more fault of
> republican-sponsored de-regulation than the democrats. But the
> democrats are hardly blameless as well.- Hide quoted text -
>
> - Show quoted text -
I agree with much of what you have said. I am still waiting for
Obama's plan (from his campaign) to stop sending jobs overseas.
Another campaign promise unfulfilled.
Well he kept one promise...to destroy our health care system as we
know it. He should have concentrated on creating jobs first.