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An epic phail is quoting a poll done by a company no one has ever heard of that doesn't state any variables. If this was a viable poll you would fid it more places than some obscure web site. I can go around my neighborhood and create my own poll and cite that but that doesn't make it very accurate.Quote:
Originally Posted by DarkThanos
[quote="beandip"]The real-estate market was just a nudge to the house of cards financial market. One of the main causes of the economic is lack of regulation. For example there has been a large amount of lending and leveraging between financial houses. The 60 minute segment called it a “60 trillion dollar shadow market”. http://www.crooksandliars.com/nicole...-shadow-market But if those parties were subject to regulation, then they would have been forced to have sounder business practices. An example used was that they were providing insurance to cover losses, but not subject to insurance regulations, which would have required them to have a percentage of reserves to cover losses.Quote:
Originally Posted by yodajazz
Lax regulation allowed banks to get into riskier practices, as well as other financial organizations. Unsound practices, like being able to buy stock by borrowing money and then selling for a profit without having to put up any of your own money, over inflated the value of stocks. An article I read, put the cause of the rise gas prices more on commodities speculation. I believe it. Let me ask you, have China and India stopped using gas in the last 2-3 weeks, so that the price could come down? No, the answer is that there is less money out there to drive up the price through commodities speculation.
The Republican/Conservative philosophy since Reagan has been for less government oversight. This crisis is the result of unsound business practices by financial managers looking for quick profits without looking at the bigger long term picture. The whole US manufacturing base has been eroded as Corporations were allowed to ship jobs overseas to industries which are often subsidized by the host nation. Now we don’t have enough people making money to buy cars, etc. Each company has a better profit margin through lower labor costs, but the bigger picture is a nation unable to produce it’s own goods sending money out other nations economies.
The same government that people are complaining about has the task to establish and regulate sound financial practice. After years of lobbying for less government intervention, the same people turn around and ask them for a bailout, shifting some of the financial burden to those people whose jobs they wanted outsourced.
I’ll admit that I am just learning, but your reasoning doesn’t take into account the much bigger financial market, like the 60 Minutes story.
I do appreciate the Republican Party for fighting for, and passing the 13th Amendment in 1865, 107 years ago. But my honest opinion is that the average American, these days in an indentured servant to the credit industry. Larger and larger amounts of our productivity are going for paying credit costs and penalties. As Jesus Christ might say, we were 'led into temptation'.
P.S. I agree with everything said by Sarah G, in her post above. Great post Sarah.
Most of what you said was accurate imo, with the exception of the regulation. The fact is we have not had a free market in any recent memory. There has been tons of government interference, mainly by Congress through twisting the commerce clause. In my opinion the democrats push socialism as the cure, while the bulk (not entirety) of the republican party has been pushing a fascist agenda (even if some of them haven't realized it).Quote:
Originally Posted by yodajazz
Too many people are quick to jump on the anti-free market bandwagon, when in truth that provides the greatest amount of individual freedom and better living conditions overall. People can call our economic structure over the past 100 years many things, free market shouldn't be one of them.
This mixed bag economic policy, combined with run-away government spending/borrowing, and intervention to save companies/individuals that have made poor choices is coming back to fuck us.
im kinda retarded when it comes to the innernet dillio, i dont really think about wut i say or type, i just go with the flow, and as for basic research on the computer, i really just use it for porn, and the occasional music downloadQuote:
Originally Posted by braveman
Don't worry about the internet so to speak. It would be nice if you would know who you are supposed to be fighting against. If Im not mistaken you are a soldier, therefore it should be of the utmost importance to you to know who you are supposed to be fighting against. As a veteran I find it shocking that you don't nor do you seem to care too much. This is a great example of why the world hates the US. We have lumped prety much all groups of Muslims together as terrorists instead of knowing the differences between them. Or own president still doesn't know the difference between a Shiite and a Sunni. If he did know he would have known this war in Iraq was not going end well.Quote:
Originally Posted by boondocksaint
Don't be a George.
I am one of the 60% that is unhappy with the choice of candidates. To date in the race, I've seen shit from both, though I like both of them. They throw out the votes of each other on different bills, which god knows what's attached to them bills. I like to once, see a candidate to say what he feels as opposed to being controlled by their parties machines. But in this day in age thanks to our "Access" type media...we won't see it.Quote:
Originally Posted by goldensamba
No candidate can deliver anything he's promised to date. You have The House of Repreretards to go through. Though, Obama is a Democrat, he's not one of the in-crowd yet and will have to give on tons of principles to get what he wants. McCain is one of the in-crowd, but in the wrong party, so he won't get shit either. And don't bring up Kerry, he was a stationary dildo with a dead battery. The Clintons knew how to get people blown, so they were popular.
We got what? 20 something days and I don't know who to vote for. Show me something in these last 20 or so days. Who has balls? Step out of the box.
Ain't gonna happen, they will stay in the safe media box.
Now that I can agree with. Obama will play it safe so he doesn't lose ground and McCain will throw all the toys out of the box to see what sticks. I question his temperment and decision making which is what makes my vote go to Obama.Quote:
Originally Posted by ezed
The ugly scenes at his rallies are another. The fact that it took him a week and tons of media pressure ot put a stop to the racial crap shows me he is not the right man for the job.
Good reply SarahG...at least someone here has a clue.
Why not try refuting what I've written with some facts?Quote:
Originally Posted by lisaparadise
You might come off a sounding tad bit more intelligent instead of just name calling.
Give it a try.
Look up Zbigniew Brzezinski .
I listen to 104.1 out of Hartford. Hard rock. I'm not an ass sucking bootlicker for either so called "political party".
it'll never happen dude. facts have no place in lisa's posts. lisa ignored the last two posts i made asking to back up statements that were made...Quote:
Originally Posted by beandip