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Thread: Reducing the deficit

  1. #501
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    I've been on vacation, so I didn't get a chance to have a nightly exposure to non-reality-based TV "news" reporting. I've read a few posts in this thread, and now feel all caught up on vituperation; I feel like a real American again. Thanks.

  2. #502
    Compulsive Truthteller OptiBoard Gold Supporter Uncle Fester's Avatar
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    Quote Originally Posted by For-Life View Post
    The Conservatives are more right wing, but still embrace Universal Health Insurance...
    Our right wing also embraces universal health care even if they sometimes get confused when they protest to keep government out of health care yet run ads about how Dem's are going to cut Medicare.

    Great quote from yesterday by Gov. Deval Patrick of Massachusetts on NPR "It's as old as the scriptures- Take an anxious public, whip them into anger, and ride it to election". This works for either party.

    PS MC future reference it's toe the line.

  3. #503
    MasterCrafter OptiBoarder MasterCrafter's Avatar
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    Quote Originally Posted by Uncle Fester View Post
    Our right wing also embraces universal health care even if they sometimes get confused when they protest to keep government out of health care yet run ads about how Dem's are going to cut Medicare.

    Great quote from yesterday by Gov. Deval Patrick of Massachusetts on NPR "It's as old as the scriptures- Take an anxious public, whip them into anger, and ride it to election". This works for either party.

    PS MC future reference it's toe the line.
    Yea, a perfect example of this is what Obama did in the 2008 election. So like you said.. both party's do it. Now it is the Dem's turn to get that tactic used on them.
    Not a good feeling is it?

    BTW... i am not an English major... so i do not care about using proper English all the time.

    I am not as sophisticated as you intellectual elite libs. I live in fly over country. What do you expect?



  4. #504
    Compulsive Truthteller OptiBoard Gold Supporter Uncle Fester's Avatar
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    Quote Originally Posted by MasterCrafter View Post
    Yea, a perfect example of this is what Obama did in the 2008 election. So like you said.. both party's do it. Now it is the Dem's turn to get that tactic used on them.
    Not a good feeling is it?
    But when Bush pleaded with the Dem's to bail out the banks the Democratic Congress did what was best for the country and voted for TARP only to have it used against them now.

  5. #505
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    Quote Originally Posted by Uncle Fester View Post
    But when Bush pleaded with the Dem's to bail out the banks the Democratic Congress did what was best for the country and voted for TARP only to have it used against them now.
    Bush was an idiot for doing that. McCain as well !!



  6. #506
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    Let's make sure proper regulations are in place to ensure that the question of banks being bailed out never happens again.

    In the past 100 years, only two Canadian banks closed. Both were in Alberta in the 1980s. The same year they closed, 200 American banks closed.

    Clearly, being deregulated is not working for this sector.

  7. #507
    Compulsive Truthteller OptiBoard Gold Supporter Uncle Fester's Avatar
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    The power of money...

    Quote Originally Posted by For-Life View Post
    Let's make sure proper regulations are in place to ensure that the question of banks being bailed out never happens again.
    Too late...

    http://www.newsweek.com/2010/05/21/b...loopholes.html

  8. #508
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    What about Fannie Mae and Freddie Mac? Looks like tax payers are going to be on the hook for $363 billion over the next 3 years. What could be done to regulate this BS? I mean they were the cause of the subprime mortgage mess.

    http://articles.latimes.com/2010/oct...louts-20101022



  9. #509
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    Fannie Mae and Freddie Mac used to be well regulated. But those regulations were removed.

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    You have to watch the CNBC special "House of Cards."

  11. #511
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    Quote Originally Posted by For-Life View Post
    You have to watch the CNBC special "House of Cards."
    I dont think that Special really covers the real reasons. Now i admit i did not watch it. So if they did mention these I apologize in advance.

    But i did read 2 reviews and it says they do not mention the following:

    The New Deal
    http://en.wikipedia.org/wiki/New_Deal
    This is where it all began. FDR... the great Progressive/Liberal.
    This was pure American made Bureaucracy

    The Great Society
    http://en.wikipedia.org/wiki/Great_Society
    LBJ, what an all around fool. I mean Vietnam, oh and signing this piece of trash.

    They declared a "War on Poverty" How much money have they spent on this since? Are the inner city's any better today?

    Community Reinvestment Act
    http://en.wikipedia.org/wiki/Community_Reinvestment_Act
    Then we have Jimma, He forced banks to loan to people who could not afford to pay their loans back. I mean i dont care what color your skin is, if you cant pay the loan, you do not own!!

    NAFTA
    http://en.wikipedia.org/wiki/Nafta
    Big Bill broke my heart by signing this. The US manufacturing sector has lost 3.6 million jobs since it has been signed.
    According to the U.S. Bureau of Labor

    The Gramm-Leach-Bliley Act
    http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act
    Clinton signed this too. I cant tell what this thing does but Obama claims this caused alot of things that went wrong today. It looks like a Democratic President and 3 RINO Republicans did something here Obama didnt like.



  12. #512
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    The biggest rise in House of Cards was the repeal of the Glass Stegall act. You can see that as soon as the act was repealed, housing prices soared. Of course, idiot consumers were a big cause, but we know that there are idiot consumers and should have anticipated it.

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    Quote Originally Posted by For-Life View Post
    The biggest rise in House of Cards was the repeal of the Glass Stegall act. You can see that as soon as the act was repealed, housing prices soared. Of course, idiot consumers were a big cause, but we know that there are idiot consumers and should have anticipated it.
    Yea that repeal of the glass stegall act was in the last one on my list. Bill Clinton signed that into law.

    The Gramm-Leach-Bliley Act
    http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act

    It seems a Democrat started that mess.. not Bush?



  14. #514
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    ----------------------------------------
    Breaking News Alert: U.S. GDP grew at 2% annual rate in 3Q
    October 29, 2010 8:48:08 AM
    ----------------------------------------

    Economic growth accelerated a bit late this summer, according to new government data, even as the nation remained stuck in a pattern of economic expansion that is too slow to bring down joblessness.

    Gross domestic product expanded at a 2 percent annual rate in the July through September quarter, the Commerce Department said Friday, matching economists’ forecasts. That was a slight improvement from the 1.7 percent growth rate of the second quarter and the fifth straight quarter of expansion.


    http://link.email.washingtonpost.com...XV6/AR1ZQ/FW/h

    For more information, visit washingtonpost.com

  15. #515
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    Quote Originally Posted by MasterCrafter View Post
    Yea that repeal of the glass stegall act was in the last one on my list. Bill Clinton signed that into law.

    The Gramm-Leach-Bliley Act
    http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act

    It seems a Democrat started that mess.. not Bush?
    Yep, Clinton is definitely to blame for that. Along with the Republican House and Republican Senate, and any Democrats that voted for it.

  16. #516
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  17. #517
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    Quote Originally Posted by For-Life View Post
    Yep, Clinton is definitely to blame for that. Along with the Republican House and Republican Senate, and any Democrats that voted for it.
    A little off subject but,

    You know how Obama keeps saying that 8 years of Republican rule has "driven us into a ditch" Actually it was 6 years with Bush and a Repub controlled house. The last 4 years it was the Democrats. The Dems have controlled the house since 2007. Now everyone should know it is the Congress that controls the PURSE. Plus Obama was a Senator for 2 years in this Congress, now 2 years as President. Thats 4 years Obama has been in on this.

    So the Democrats controlled the Congress from 1949 to 1993. Thats was 44 years of Dems controlling the spending. Even Reagan had the Dems in power when he was President.

    Also alot of people give Clinton the credit for balancing the budget in the 90's. But wasnt that a Newt Gingrich controlled house?
    Last edited by MasterCrafter; 10-29-2010 at 01:15 PM.



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