Page 5 of 5 FirstFirst ... 345
Results 41 to 49 of 49

Thread: Gallup: Americans Blame Government More than Wall Street for Bad Economy.

  1. #41
    Sage
    SheWolf's Avatar
    Join Date
    Jul 2010
    Last Seen
    Yesterday @ 10:48 PM
    Gender
    Lean
    Other
    Posts
    24,505

    Re: Gallup: Americans Blame Government More than Wall Street for Bad Economy.

    Quote Originally Posted by Eighty Deuce View Post
    And we would agree that many are blind as a bat.

    Your last line is pretty ignorant though. The OWS folks are not protesting politicians to any degree. In fact, I think you will find that they support bigger government so as to better enable redistribution. You would be correct had you said something closer to my being opposed to class warfare fomented by a major political party, to now include the finges of lawlessness.
    The TP was blamed for all the same tactics... racism and lawlessness, death threats, even cutting a gas line to somebody's house, vandalism, terror threats, etc. etc. It's funny to me how all the TPers were so angry and pissed when the left wing media stereotyped them all, but they are doing it to the OWSers now. The point is, this is a free country and they are all Americans protesting and voicing their opinion. Some people in the TP were racist and waved racist signs, and some of the OWS protesters have broken laws. So ****ing what?

  2. #42
    Banned
    Join Date
    Nov 2010
    Last Seen
    12-29-15 @ 10:42 PM
    Gender
    Lean
    Conservative
    Posts
    3,747

    Re: Gallup: Americans Blame Government More than Wall Street for Bad Economy.

    Quote Originally Posted by SheWolf View Post
    The TP was blamed for all the same tactics... racism and lawlessness, death threats, even cutting a gas line to somebody's house, vandalism, terror threats, etc. etc. It's funny to me how all the TPers were so angry and pissed when the left wing media stereotyped them all, but they are doing it to the OWSers now. The point is, this is a free country and they are all Americans protesting and voicing their opinion. Some people in the TP were racist and waved racist signs, and some of the OWS protesters have broken laws. So ****ing what?
    In the words of Marx ... Groucho Marx .... (paraphrase) "What am I to believe ? You, or my lying eyes ?"

  3. #43
    Sage
    SheWolf's Avatar
    Join Date
    Jul 2010
    Last Seen
    Yesterday @ 10:48 PM
    Gender
    Lean
    Other
    Posts
    24,505

    Re: Gallup: Americans Blame Government More than Wall Street for Bad Economy.

    Quote Originally Posted by Eighty Deuce View Post
    In the words of Marx ... Groucho Marx .... (paraphrase) "What am I to believe ? You, or my lying eyes ?"
    What are you really trying to say? I know what you're saying, but why not just argue it? Or does saying it sound like such a bad hack job to yourself that you can't even type it out?

  4. #44
    Sage
    VanceMack's Avatar
    Join Date
    Feb 2010
    Last Seen
    Today @ 01:28 AM
    Gender
    Lean
    Independent
    Posts
    54,677

    Re: Gallup: Americans Blame Government More than Wall Street for Bad Economy.

    The great majority of Americans are driving by those camps, driving by those protesters, driving by on their way to work and getting on with their lives...dealing with the day to day stresses we all have to deal with. Most people can see a 15.5 trillion dollar debt and completely disfunctional federal government, their failed 'solutions,' and recognize the problem for what it is. is 'Wall Street', this undefinable entity, to 'blame'? Well...for what? The market exists to make money for brokers, shareholders, investors (pssst...hey...just in case most of you that work and have 401ks and retirement accounts missed it...thats YOU). Thats what they do.

  5. #45
    Banned
    Join Date
    Nov 2010
    Last Seen
    12-29-15 @ 10:42 PM
    Gender
    Lean
    Conservative
    Posts
    3,747

    Re: Gallup: Americans Blame Government More than Wall Street for Bad Economy.

    Quote Originally Posted by SheWolf View Post
    What are you really trying to say? I know what you're saying, but why not just argue it? Or does saying it sound like such a bad hack job to yourself that you can't even type it out?
    <sigh>

    Big dogs pee in tall weeds.

  6. #46
    Sage
    SheWolf's Avatar
    Join Date
    Jul 2010
    Last Seen
    Yesterday @ 10:48 PM
    Gender
    Lean
    Other
    Posts
    24,505

    Re: Gallup: Americans Blame Government More than Wall Street for Bad Economy.

    Quote Originally Posted by Eighty Deuce View Post
    <sigh>

    Big dogs pee in tall weeds.
    You can't type it out...

  7. #47
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: Gallup: Americans Blame Government More than Wall Street for Bad Economy.

    Quote Originally Posted by Eighty Deuce View Post
    You are half right, but very much half wrong. The bubble was not caused by folks taking on "too much debt". Our capitalist market had always been able to ebb and flow with normal housing market dynamics. The bubble was hyper-inflation. And you have to look at what got that started.

    New buyers enabled by Fannie and Freddie underwriting sub-primes at a rate that increased five-fold in the 90's.



    No. If it had all just been private banks etc, with their own money, we still would have had basic market forces keeping things relatively in check. The banks and other lenders made loans to sub-primes because Fannie and Freddie underwrote the risk. At the height of the bubble, Fannie and Freddie had half the market. That is government underwriting half of the entire risk market. Your last sentence sweems to say that banks performing two functions enabled them to keep profits and shed losses. They were able to do that , but it was because of Fannie and Feddie, and then such as TARP. You do not mention either.

    No doubt Greenspan could have jacked interest rates beginning in about 2000 to stifle this. But the bubble was created by government, not the repeal of Glass Steagle.

    I have debated this too many times. You are a bit misinformed. I am not going to waste more time on it. You can go to a thread more devoted to this, and learn there.
    This is mostly myth. The private banks collateralized the sh*t mortgages and sold them to many investors -- not just F&F, or even mostly F&F. F&F were more victims of the GR than they were perpetrators.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

  8. #48
    Banned
    Join Date
    Nov 2010
    Last Seen
    12-29-15 @ 10:42 PM
    Gender
    Lean
    Conservative
    Posts
    3,747

    Re: Gallup: Americans Blame Government More than Wall Street for Bad Economy.

    Quote Originally Posted by AdamT View Post
    This is mostly myth. The private banks collateralized the sh*t mortgages and sold them to many investors -- not just F&F, or even mostly F&F. F&F were more victims of the GR than they were perpetrators.
    That is absurd. FF cannot be a "victim". They are government. The were GSE's: Government Sponsored Enterprises. All of their losses fall on you and me and every other taxpayer. That is why they waded deep into the markets as they did, acting as a tool of government, putting sub-prime folks in homes. They eventually ended up on the hook for half of all mortgages in the US, primarily because they were the King and Queen of the moral hazard. That is not the work of a victim. They were the overwhelming perpetrators.

  9. #49
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: Gallup: Americans Blame Government More than Wall Street for Bad Economy.

    Quote Originally Posted by Eighty Deuce View Post
    That is absurd. FF cannot be a "victim". They are government. The were GSE's: Government Sponsored Enterprises. All of their losses fall on you and me and every other taxpayer. That is why they waded deep into the markets as they did, acting as a tool of government, putting sub-prime folks in homes. They eventually ended up on the hook for half of all mortgages in the US, primarily because they were the King and Queen of the moral hazard. That is not the work of a victim. They were the overwhelming perpetrators.
    Dude, you know not of what you speak. In fact F&F were private. The government covered up their losses, just like it covered up the losses of Bank of America, Citi, Goldman Sachs, and AIG -- but it was not obligated to do so.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

Page 5 of 5 FirstFirst ... 345

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •