View Poll Results: Which party is more responsible for the state of the economy?

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  • The Republican Party

    41 62.12%
  • The Democratic Party

    25 37.88%
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Thread: Which party is more responsible for the state economy?

  1. #71
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    Re: Which party is more responsible for the state economy?

    Quote Originally Posted by Ikari View Post
    Decades of Republocrat rule led us to this place.
    Yeah, too bad your candidates are too stupid to get elected.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Which party is more responsible for the state economy?

    Quote Originally Posted by American View Post
    Yeah, too bad your candidates are too stupid to get elected.
    That was an ugly thing to say to Ikari, and what makes it worse is that you provided absolutely nothing to back up your ugly words.

    You should be ashamed of that post.
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  3. #73
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    Re: Which party is more responsible for the state economy?

    Quote Originally Posted by Lord Tammerlain View Post
    Explain the housing bubble in Ireland, and the UK?

    Explain the tech bubble using the same methodology?

    Heck explain the property bubbles in Japan in the 80s and China currently using the same methodology
    You know better than to expect Cpwill to actually examine the actual causes and not apply a "one size fits all damn the actual facts on the ground they get in my way" ideology.

    A sign of an educated person in economics knows that a one size fits all ideology is patently retarded. That's why he never even tries to meet the challenges of a difficult question when it threatens to destroy his ideology.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  4. #74
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    Re: Which party is more responsible for the state economy?

    Quote Originally Posted by obvious Child View Post
    You know better than to expect Cpwill to actually examine the actual causes and not apply a "one size fits all damn the actual facts on the ground they get in my way" ideology.

    A sign of an educated person in economics knows that a one size fits all ideology is patently retarded. That's why he never even tries to meet the challenges of a difficult question when it threatens to destroy his ideology.
    Yes I do

    Despite his knowledge his ideological bias always causes innaccurate analysis (ie government bad, private business good) despite many obvious examples to the opposite. Any example that counters his ideology is ignored.

    Housing bubble - governments fault through regulation, despite the fact the most regulated state when it comes to mortgages (Texas) did not have a housing bubble. If the CRA was at fault forcing banks to make bad loans Texas would have had a housing bubble as well. Since Texas did not have a housing bubble despite facing the same regulations from the CRA, and the same Freddie and Frannie Mac as everyother state, it stands to reason that the housing bubble and the loans that were made by the banks were voluntary and not forced by the government. Sure the federal government promoted home ownership, but with effective regulation of the mortgage and financial industry the banks could not have made the idiotic loans they wanted to make (and make money doing so)

    Of course some will state the government did it, and leave it at that
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  5. #75
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    Re: Which party is more responsible for the state economy?

    Quote Originally Posted by Lord Tammerlain View Post
    Yes I do

    Despite his knowledge his ideological bias always causes innaccurate analysis (ie government bad, private business good) despite many obvious examples to the opposite. Any example that counters his ideology is ignored.
    Indeed. I find it sad how he keeps posting the same refuted studies time after time after time despite being pointed out they have flaws the size of the Andromeda Galaxy. And he never addresses those flaws.

    Housing bubble - governments fault through regulation, despite the fact the most regulated state when it comes to mortgages (Texas) did not have a housing bubble. If the CRA was at fault forcing banks to make bad loans Texas would have had a housing bubble as well. Since Texas did not have a housing bubble despite facing the same regulations from the CRA, and the same Freddie and Frannie Mac as everyother state, it stands to reason that the housing bubble and the loans that were made by the banks were voluntary and not forced by the government. Sure the federal government promoted home ownership, but with effective regulation of the mortgage and financial industry the banks could not have made the idiotic loans they wanted to make (and make money doing so)
    Absolutely. Furthermore, on a national scale the NPLs are mostly from non-CRA covered banks. I've never seen anyone who blames the CRA address that specific point with something other than saying that the overall push caused non-CRA banks to get in on it. Which may be true (and probably is), but no one made them do it.

    Of course some will state the government did it, and leave it at that
    And flee the thread when challenged. Man, if this place keeps going like this, election season will be a literal hell here.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  6. #76
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    Re: Which party is more responsible for the state economy?

    Quote Originally Posted by obvious Child View Post
    Indeed. I find it sad how he keeps posting the same refuted studies time after time after time despite being pointed out they have flaws the size of the Andromeda Galaxy. And he never addresses those flaws.



    Absolutely. Furthermore, on a national scale the NPLs are mostly from non-CRA covered banks. I've never seen anyone who blames the CRA address that specific point with something other than saying that the overall push caused non-CRA banks to get in on it. Which may be true (and probably is), but no one made them do it.
    Given the higher potenial profit from the subprime loans which Frannie and Freddie were traditionally unable to offer it could be argued that the competition for the growing subprime market (pushed by the non CRA regulated companies Countrywide, Ditech etc) pushed Frannie and Freddie into trying to cover that market as well. People should remain aware that even though the GSE were "covered by the government" they were for profit companies with non governmental ownership seeking a return


    And flee the thread when challenged. Man, if this place keeps going like this, election season will be a literal hell here.
    I am sure it will be

    I had to take a leave for a while during the last election to keep my sanity from the idiocy.


    I doubt the idiocy will be any better this time around, but most likely worse as the right has moved even more to the right, and the left has become rather more vocal then in the past on US domestic policy
    Last edited by Lord Tammerlain; 11-05-11 at 02:59 AM.
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    Re: Which party is more responsible for the state economy?

    Quote Originally Posted by Lord Tammerlain View Post
    Given the higher potenial profit from the subprime loans which Frannie and Freddie were traditionally unable to offer it could be argued that the competition for the growing subprime market (pushed by the non CRA regulated companies Countrywide, Ditech etc) pushed Frannie and Freddie into trying to cover that market as well. People should remain aware that even though the GSE were "covered by the government" they were for profit companies with non governmental ownership seeking a return



    And flee the thread when challenged. Man, if this place keeps going like this, election season will be a literal hell here.
    [/QUOTE]

    Funny you should mention Countrywide.

    Dodd and Countrywide - WSJ.com
    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.

  8. #78
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    Re: Which party is more responsible for the state economy?

    Quote Originally Posted by apdst View Post

    Funny you should mention Countrywide.

    Dodd and Countrywide - WSJ.com

    So one senator out of 100 during a republican controlled senate, congress and with a republican president had more power then all of the republicans to ensure Countrywide was not going to be regulated by the republican congress, senate, and president?

    Does that make Dodd the most powerfull person behind the financial industry bad lending or is Barney Frank the most powerfull man in the universe? able to over power hordes of conservatives in government, responsible bankers, and investors

    The story tends to make Barney the most powerfull man in the US, able to direct policy even though all but the Supreme court was repubican/conservative at the time. If it is true that Barney Frank is the person to blame I sugest some knee pads for proper worship
    Last edited by Lord Tammerlain; 11-05-11 at 03:22 AM.
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  9. #79
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    Re: Which party is more responsible for the state economy?

    Quote Originally Posted by Lord Tammerlain View Post
    Funny you should mention Countrywide.

    Dodd and Countrywide - WSJ.com

    So one senator out of 100 during a republican controlled senate, congress and with a republican president had more power then all of the republicans to ensure Countrywide was not going to be regulated by the republican congress, senate, and president?

    Does that make Dodd the most powerfull person behind the financial industry bad lending or is Barney Frank the most powerfull man in the universe? able to over power hordes of conservatives in government, responsible bankers, and investors

    The story tends to make Barney the most powerfull man in the US, able to direct policy even though all but the Supreme court was repubican/conservative at the time. If it is true that Barney Frank is the person to blame I sugest some knee pads for proper worship[/QUOTE]

    Ordinarily, I might say no, but this senator just happens to be one of the two Democrats that were calling the shots at Fannie and Freddie.

    I guess it doesn't matter, since you're convinced that the banks did this all on their own and the government doesn't share any responsibility.
    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.

  10. #80
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    Re: Which party is more responsible for the state economy?

    Quote Originally Posted by apdst View Post

    I guess it doesn't matter, since you're convinced that the banks did this all on their own and the government doesn't share any responsibility.
    Either you cannot read properly, or you simply ignore whatever you do not like.

    Lord T made it perfectly clear the government shares responsibility in this mess:

    http://www.debatepolitics.com/polls/...post1059931701
    http://www.debatepolitics.com/polls/...post1059931719

    How about you actually read for comprehension rather then just assume whatever the **** you want for a change?

    This is the third time I've caught you with either a reading comprehension problem or a "I don't give a **** what you actually wrote and I'm just going to assume whatever I want you to say so I can attack you with a fabrication I obviously made and made no attempt to hide" problem in two weeks.
    Last edited by obvious Child; 11-05-11 at 03:21 AM.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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