Bush says tax rebates going out Monday will help people afford rising gas, food price

Any other made up facts you'd like to share with us?

 

You don't think they've protected their assets?

 

Hipt

LOL – lets go back and to what you actually said – “so obviously the policies implemented in response at the time can't be condemned” –

The policies that were implemented in response to the bursting of an economic bubble (created by Greenspan supported policies) was to create another economic bubble.

I think such policies can and should be criticised even condemned.

Try - ‘Greenspan's Bubbles: The Age of Ignorance at the Federal Reserve’ by W. Flackenstein and F. Sheehan

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"Sorry what did he deregulate that let to a subprime bubble?"

Greenspan was a well known and a long time champion of deregulation who recommended it to Congress and several Presidents.

As can be seen in ‘The long demise of the Glass-Steagall’
http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/weill/demise.html

He wanted the banks to have more freedom on what and how they lent money and how they could then pass around the risks.

And on the other hand it was made clear that the Fed would step in to shore up things if they went bad.

Win/win for the banks, make risky speculations if they turn out good they pocket the profits and if they turn out bad the tax payer pays for the loss.

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Hiptastic's comments on Glass-Steagall and a comparison of US and European banking regulation have been censored for your protection.

 

Exactly. Well said, Balbus. I agree with you.

This is what the Republicunt Neo-Conservative party under Bush/Cheney was all about.

Win/win for the banks, and if they get into trouble, the banks get bailed out with taxpayer money.

Oil companies continue to be subsidized, inspite of record profits.

 

Hipt

So this means what?

That you don’t know what the fuck you’re talking about and want to pretend you do or maybe you do but know it doesn’t do your argument any good and have therefore decided to keep quiet.

Come on man, have some backbone and strength of conviction and give us your argument rather than hiding behind excuses.

 

Stev

Sorry to burst your bubble (ha ha) but it hasn’t just been the fault of ‘republican neo-cons’, it’s not that simple, it was all done with the tacit support (even encouragement) of Democrats.

Remember good old Bill Clinton accepted whole heartedly to his bosom Greenspan and his right wing libertarian, monetarist and neoliberal ideas. He was Bill’s "steady hand," who had "minimized the bad times and let the good times roll."

To give you some idea of what I’m talking about please read this review of Michael Meeropol’s book, ‘Surrender: How the Clinton Administration Completed the Reagan Revolution

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Thing is that neoliberal economics has been pushed so successfully in the US by very well funded lobby groups and wealthy think tanks that it has come to be accepted by many there as ‘common sense’, when it doesn’t have anything to do with the common good or make that much sense.

If you can try and get a copy of the excellent - A Brief History of Neoliberalism by David Harvey.
http://www.amazon.co.uk/Brief-History-Neoliberalism-David-Harvey/dp/0199283273

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lol

 

“If pigs could vote, the man with the slop bucket would be elected swineherd every time, no matter how much slaughtering he did on the side.” - Orson Scott Card

 

Please don't get me started on Bush and the the people in the U.S. grrrrr!!!!!!!!!!!

 

Dude, that's some sick signature pic you got, and by sick I mean hilariously funny.

Ah yeah, $600 might help some people working under the poverty line.

I mean if you're getting around 12k a year, $600 is 5% of your income.

It helps.......

 

The ad slogan and the Snickers coupled with dying ( or dead ) Jesus just comes together in a symphony of outrageous hilarity.

 

Dude! I just finished his book Empire, about 10 minutes ago! I encourage everyone to read the Afterword at the end. wise words. good author. love sci-fi writers.

 

I know you are not a Chrisitan, but just pretend for a minute.... Imagine kneeling before God and having to explain this. Asking God which part he likes. Now that would be hilarious! One of those ackward moments.

 

Congress was supposed to be the check/balance/protection of the American people, but they've mostly sold out as well. And we as the voters have allowed them to get away with it. I say next election vote out every incumbent. At least keep them off balance as much as they and their policies have kept the working American. Experience should count as a negative on every level, except support services such as clerical and janitorial. Let's see if the lobbyists will hit them up with gifts and donations.

 

lol

 

Greenspan let the real cat out of the bag. And this push for drilling in ANWR isn't going to solve our problems anymore than this war on Iraq and Terrorism has. And why aren't the oil companies building refineries, hell they've seen record prices for years while the consumer has only seen rising prices? They close refineries. Are we supposed to build them for them? Will they close the ones we pay for in order to manipulate the price of oil. Shit they are seeing an expanding market in China. They have more consumers now, they've capped wells, closed refineries, and now with Iraq what they want are Profit Sharing Agreements, that's why we are still there the Iraqi government won't sign. Bush has already issued Executive Orders to protect global corporations in the event of Iraqi PSAs. What do they want? They must be laughing in those backrooms!