capitalism
- Started
- Last post
- 458 Responses
- ukit0
Obama will be a fresh start that will give people a sense of optimism for a change. McCain is a tired old man who can barely string a sentence together, perpetuating the sense of failure. An image of a U.S. led by a doddering old man isn't a recipe for business success.
- hedge0
I understand the desire for fresh and new change, but what happens when that change does more harm than good? Optimism at the cost of the health of our economy is not worth it.
- We're in a bear market, all the fundamentals are gone to shit, oil is at an all time high..what fucking planet do you live on?TheBlueOne
- See my responses below.hedge
- Obama is not as much of a leftist as you make him out to beukit
- I've seen and read his stances.hedge
- BonSeff0
right cause our economy is nice 'n healthy
- Again, what are you proving here? Nothing.hedge
- That since the economy is already hurting, we can't possibly do any more damage?hedge
- I can assure you that is not the case.hedge
- thast the tax cuts aren't helping.mrdobolina
- Tax cuts are a single tool in the arsenal of the government. You cannot expect it to drown out the other problems we're facing.hedge
- I am just using your logic.mrdobolina
- drgs0
ok....
- ********0
do any americans actually try to do something for their country and the people in it besides yammering about their federal politics like it's baseball?
- rigged baseball too********
- You have no reference in this conversation.hedge
- rigged baseball with war********
- rigged baseball too
- ukit0
You guys should read up on how the financial crisis came about...a lot of it has to do with Phil Gramm, who is one of McCain's main advisers and a likely candidate for Treasury Secretary in a McCain administration.
- BonSeff0
this is the first war that has not been funded by taxes- all borrowed chinese loans
- TheBlueOne0
" Billionaire investor Eli Broad said the U.S. economy is in the worst recession since World War II and a recovery in the housing market is ``several years'' away. ``This is worse than any recession we've had since World War II,'' Broad, 75, said in an interview yesterday. "
- That's interesting, since we are not in a recession right now.hedge
- Oh gee I guess the billionaire is wrong and the burger flipper is correct.TheBlueOne
- how's the weather in myopiaBonSeff
- ukit0
"According to the Congressional Record, Gramm promised that the amendment—also known as the Commodity Futures Modernization Act—along with other landmark legislation he had authored, would usher in a new era for the U.S. financial services industry.
“The work of this Congress will be seen as a watershed where we turned away from an outmoded Depression-era approach to financial regulation and adopted a framework that will position our financial services industry to be world leaders into the new century,” Gramm said.
Watershed indeed. With the U.S. economy now battered by a tsunami of mortgage foreclosures, the $30-billion Bear Stearns Companies bailout and spiking food and energy prices, many congressional leaders and Wall Street analysts are questioning the wisdom of the radical deregulation launched by Gramm’s legislative package. Financial wizard Warren Buffett has labeled the risky new investment instruments Gramm unleashed “financial weapons of mass destruction.” They have fed the subprime mortgage crisis like an accelerant. While his distracted peers probably finalized their Christmas gift lists, Gramm created what Wall Street analysts now refer to as the “shadow banking system,” an industry that operates outside any government oversight, but, as witnessed by the Bear Stearns debacle, requiring rescue by taxpayers to avert a national economic catastrophe.
Gramm serves as co-chair of the McCain 2008 presidential campaign. As one of the candidate's chief economic advisers, he is mentioned as a possible secretary of the treasury in a McCain administration."
- hedge0
First blue, look up the definition of a recession. Next, look up the GDP data for the past year. Finally, get back to me on that.
- mrdobolina0
you have about 10 debates going on in this thread and you nitpick one the instant you get shutdown on others. you suck at trolling, bitch.
- What are you talking about? These debates seem to revolve around one common topic.hedge
- http://www.flayme.co…mrdobolina
- drgs0
1 2
- TheBlueOne0
"the "two quarters of negative growth" argument. It assumes that inflation is correctly calculated -- or is not deliberately under-reported. There is a strong body of evidence indicating inflation is under-reported for a variety of reasons. In addition, even assuming inflation is correctly calculated, it does not mean we are out of the woods by any stretch of the imagination because a little under half of all post WWII recessions started with positive or flattish growth."
- hedge0
I don't agree with allegations of false or manipulated inflation data, but it's pointless to argue over it.
Just tell me this. How will raising taxes under the next administration help the current situation at all? Just tell me this.
- what about the debt, D? fuck it, who cares?mrdobolina
- Stop spending?hedge
- Cut pointless social programs instead?hedge
- Advocate a strong dollar policy?hedge
- but you want war with iran, you are a shitty troll. be consistent u cunt.mrdobolina
- yeah it's not like anybody needs social programs or anything, useless********
- Maybe they shouldn't rely on the government to provide their every need.hedge
- ukit0
Obama isn't raising taxes hedge, he's returning them to the pre-Bush levels...under which we did just fine
- mrdobolina0
spending is out of control and you are trolling as though you are for a war with Iran, wtf pays for that, cupcakes and skittles and other shit from your fantasy world you have created for yourself?
- ukit0
Apparently, issues like financial regulation are totally meaningless to you, but any kind of tax increase will instantly "hurt" the economy...which is a rather simplistic view for someone who supposedly works on Wall Street.
- ********0
*scratches nuts
- Social program utilizer?hedge
- He's signaling.TheBlueOne
- indeed, i'm canadian********
- Canadians got nuts?TheBlueOne
- several********
- hedge0
Open your eyes.
http://elections.foxnews.com/200…
“I have to convince them the consequences of protectionism and isolationism could be damaging to their future,” the Arizona senator said, pledging to improve programs for displaced workers and unemployment insurance if elected.
“I understand it’s very tough. But for me to give up my advocacy of free trade would be a betrayal of trust,” he said. “And the most precious commodity I have with the American people is that they trust me.”
* * * *
Obama is a critic of NAFTA and other free trade deals, and the issue was a flash point in his primary campaign against Hillary Rodham Clinton. As president, he has said he would push for enforceable labor and environmental standards in the agreement and might threaten to withdraw completely.
* * * *- So Obama on the far left is in agreement with Pat Buchanan on the far right, is that what your argument is?TheBlueOne
- Not quite.hedge