Please indulge me here. Acorn headquarters were in Texas? The Clinton Admin, which created the free-for-all mortgage programs were domiciled in Texas?
Houtx48. You don't know much about anything. Good luck coming up with something substantial.
Knock it off with the invented history.
Clinton did not invent free for all mortgages. The mortgage incentive program Clinton introduced did NOT result in higher default rates... if fact, the mortgages that program resulted in have a LOWER default rate than average.
The CURRENT crisis was NOT CAUSED BY GIVING LOW INCOME PEOPLE LOANS.
It was caused by giving MIDDLE income people loans on mini- mansions.
The Clinton plan DID NOT result in run away real estate speculation because you still had to qualify for it.
The real estate bubble was DIRECTLY attributable to DE-REGULATION of Loan origination...Starting with Bush's first weeks in office... the granting of Triple A bond ratings to questionable mortgage schemes... and the rampant speculation by people who try to make money by trading slips of paper, rather than actually producing anything of value.
The focus of this country on Stock Manipulation, as opposed to real production, as the path to wealth, plays a large role.
Furthermore... please be honest about the origin of ALL modern ideas of FREE TRADE.
They are REPUBLICAN intiatives dating back to the voodoo economics first espoused by Reagan.
In supporting NAFTA and other free trade agendas, Clinton was playing to the CONSERVATIVES, not the liberals.
The plain facts are inescapable.
We have allowed FREE TRADE to offshore our actual porductivity and replaced that with IMAGINARY productivity in the form of instruments of Debt.
Borrowing from the future money that we call GNP today.
This has gone on for 30 years, now, and had mirrored the "rise of the right" in public opinion and voting.
Americans got sold a bill of bullshit, including you Star, trickle down free trade nonsense that has resulted in an astronomical transfer of PUBLIC money and middle class earnings into the hands of a few thousand of the most wealthy.
Cutting taxes to the rich, and borrowing to pay for a war does only ONE THING... it transfers the entire cost of govenrment from the rich to the middle class in the form of DEBT.
And the rich ARE NOT re-investing in American jobs and industries... they are offshoring their business interests as fast as they can.
Demanding bailouts and STILL giving themselves mutlimillion dollar bonuses.
Star... try to process this... the belief system you bought into was a CON- you have been TAKEN by the folks who played you along while they used insider information to make sure THEY made out like bandits.
Ask Greenspan... ask any economist who has won a nobel prize... the Free market ideology puts PERSONAL PROFIT
ABOVE the good of your nation.
Its TREASONOUS. It endorses the decimation of US job markets if there is more money to be made for the board in foreign markets.
It is a pyramid scam and the bottom finally fell out.
Time to let the notion of unregulated free markets DIE.
Time to start thinking about the survival of your nation... or the free world...
And, by the way... ALL alternative tax schemes are designed to favor the rich even more.
Science has proven beyond any doubt that the progressive tax scheme is the fairest form of taxation.
Tax holidays are beyond stupid. Government MUST have revenue to function, and our government has been pretty well fucked by republican mismanagement for the past 10 years.
The government has ALREADY been underfunded to the tune of 11 trillion dollars.
Tax holidays would only make everything worse.