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Thread: Govt to suspend Cash for Clunkers program

  1. #111
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    Re: Govt to suspend Cash for Clunkers program

    Quote Originally Posted by fromderinside View Post
    Regulators didn't borrow. They printed money which, if it isn't soaked up in the wrap up to the bailout, will have to be financed. the Congressional bailout will result in borrowing. On the other hand, if the US isn't buying, China ain't prospering. Interesting you point to the creation of Freddie and Fannie as the problem. Uh, no, that wasn't it. Adjustments made to regulation of borrowing policies in the mid nineties left open the opportunity for highly leveraged debt and insurance products which got us there.
    One of the principle reasons that the debt was leveraged was because of the underlying understanding that the debt vehicles (bundled mortgages) being packaged as AA bonded securities would be backed by the Federal Government. However, what no one was telling was that Fannie and Freddie did not have the funds to back those securities. Partly because of the over extension of credit mandated by the liberals in Congress (i.e. Barney Frank and Chris Dodd) while those at the top of those organizations were taking home those big bonuses that liberals like to scream about.


    Quote Originally Posted by fromderinside View Post
    It's also interesting that you don't acknowledge that there were no depressions since 1933, when before that time there were depressions almost every decade from 1790 on. When ambitious people untie themselves from minimal constraints excess always results.
    You didnít get it did you? If we had let the economy tank a couple of times, people would not be so willing to have their money tied up in risky investments. Sometimes failure is a great motivator. But when we have the government protecting us from ourselves, we get the behavior your seem to deplore .

  2. #112
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    Re: Govt to suspend Cash for Clunkers program

    Quote Originally Posted by fromderinside View Post
    Actually, I'm one of those whose job it is to 'create' demand. I know I'm on the margin. Normal exercise of life as technology develops produces sufficient awareness of what is available and effective in conducting life. that is all the demand one should require to satisfy needs for available products to sustain everybody in an enlightened society.

    The expectation that unlimited greed should be permitted to drive demand to one's benefit is in error. Take the example of Denmark. Health care, high taxes, low unemployment, happy, they have it all.

    Oh, so you're one of the clowns out there wasting our tax dollars?

    The Danes don't have as much freedom as I do. So, they don't have it all.

    The government can't tell me that I can't rich. That ain't a free society.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  3. #113
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    Re: Govt to suspend Cash for Clunkers program

    Quote Originally Posted by apdst View Post
    Oh, so you're one of the clowns out there wasting our tax dollars?

    The Danes don't have as much freedom as I do. So, they don't have it all.

    The government can't tell me that I can't rich. That ain't a free society.
    First you don't live in a free society. You live in a state with a constitution with rights and responsibilities spelled out. Go outside the law and you'll soon find just how not free you are.

    No one is going to stop you from being rich. they are just going to tax you such that no one will be destitute.

    Hey, I'll go with employed, covered, live longer and healthier, and happier.
    Last edited by fromderinside; 08-04-09 at 03:58 AM.

  4. #114
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    Re: Govt to suspend Cash for Clunkers program

    Quote Originally Posted by GetAClue View Post
    You didnít get it did you? If we had let the economy tank a couple of times, people would not be so willing to have their money tied up in risky investments. Sometimes failure is a great motivator. But when we have the government protecting us from ourselves, we get the behavior your seem to deplore .
    Actually, we get it. We got tired of crashes so we reined in excess which worked real well until those who exude greed forgot what unbridled greed can wrought. Deregulation began with Nixon and went into overdrive during Reagan. By the late nineties controls had been removed and experimentation was on in full force. We needn't have depressions to constrain excessive greed. We just need to recognize that such exists and unless controlled excess is inevitable.

  5. #115
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    Re: Govt to suspend Cash for Clunkers program

    Quote Originally Posted by fromderinside View Post
    Yet until government regulation was firmly fixed in 1933 we had depressions about every 10-15 years. Now, even when conditions are ripe for a depression, government regulators were able to step in and reduce the depression to a recession. Free market and supply and demand systems don't work without intergovernmental and government cooperation and regulation.
    Every 10-15 years? Where do you get your information?
    Government regulation firmly fixed?

    I think you need to do some reading up on the 5 depressions we have had.
    All of them have been caused by government intervention and/or paper money.

    [ame=http://en.wikipedia.org/wiki/Depression_of_1807]Embargo Act of 1807 - Wikipedia, the free encyclopedia[/ame]

    [ame=http://en.wikipedia.org/wiki/Panic_of_1837]Panic of 1837 - Wikipedia, the free encyclopedia[/ame]

    [ame=http://en.wikipedia.org/wiki/Panic_of_1873]Panic of 1873 - Wikipedia, the free encyclopedia[/ame]

    [ame=http://en.wikipedia.org/wiki/Panic_of_1893]Panic of 1893 - Wikipedia, the free encyclopedia[/ame]

    [ame=http://en.wikipedia.org/wiki/Great_Depression]Great Depression - Wikipedia, the free encyclopedia[/ame]
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    óAdam Shepard

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