Nice, fix a cyclical economy downturn largely in part to the EXPECTED reversal of one of the greatest bull market runs across all markets [that is, and was, real estate], with some bizarre 25-year New Deal like energy program.
Eliminate all congressmen who dare attempt to limit governmental control and oversight.
Stalin couldn't of concocted a better recipe than half the shit in your post Phil. Seriously.
You haven't the slightest idea what you are talking about.
Expected my ass--- not ONE economic advisor saw this shit coming... that is why the stock brokers are all crying..
You are looking at an economic disaster that is directly attributable to DE-REGUALTION of lending.
that is a
LACK of government oversight... and hey- if you don't think the government should be regulating commerce- then get the fuck out of the US because in THIS country, the constitution specifies that the government's JOB is to regulate commerce.
We have the FED- its sole function is to regulate the economy. It was created in response to an earlier failure of the government to REGULATE private sector GREED.
Get over it, or get out.
I loathe conservative two faced pissantry... pretending that conservatives try to limit the power of government-
The only power you folks seek to limit is the power of government to impede the flow Money to the already wealthy.
You encourage the concentration of power around money, greed and people who lack scruples.
Other than that, you want a government that tells folks what they can and can't do in their own home, that spies on the citizenry, you want to censor speech and gut the constitution.
And you want to do all that because you are afraid of anything different.
Keep dreaming that this is just normal.... that its NOT the result of republican harebrained economics.
ALL economists who win nobel prizes will tell you that ALL models of free markets result in ALL money in the hands of 3 people.
And where is your "freemarket" ethic now? when the corporations who BOUGHT the de-regulation of their own industry have screwed the entire economy?
They are stadning with their hands out for some good old fashioned welfare money, that's where.
Conservative think their profit should be private and the massive debts they can't pay off should be public.
And your comment about "New Deal"?
how ignorant of history are you?
I referred to the building of the interstate highway program...
That was an EISENHOWER project- he pushed it after seeing what Hitler's Autobahn did for Germany.
It was a HUGE government infrastructure program, It employed tens of thousands over 20 years.
And it TRIPLED the Gross National Product of the US.
IT ENCOURAGED the growth of business and wealth.
And BTW- new deal programs like the Tennessee Valley authority all created vastly more wealth than the money they cost.
It was INVESTMENT in the Structure of a society.... the foundation upon which BUSINESSES are built.
Honestly- in the face of this republican created disaster... economic reforms pushed by republicans going back to Reagan... the rampant croneyism and profiteering... the scams and the cons... 28 billion in CASH just 'vanishing" on a plane...
the exact same result, on a wider scale, as the REPUBLICAN created S&L disaster...
It just amazes me the guys like you can keep shoveling the same shit.
Are you totally incapable of LEARNING from the obvious mistakes of your party?
Totally unable to process the timetable of Bush de-regulating the mortgage industry and the resultant profiteering frenzy of greed and opportunism?
Unable to recognize that, no matter what banks CALL it...
debt is NOT "product"?
ITs the opposite... its a DRAFT on FUTURE productivity.
Yeah- you small government types keep it up with creating huge bureaucracies... keep it up with LOWERING taxes while you BORROW more to pay for the revenue shortfall.
Keep it up letting the top 2% - who have 60% of all the money, go tax free-
Yeah... that is working out SO WELL for us all.