Bush economic policies at work............

[Slapper]

The US has a broken government. The only solution is to return to a strong federalisation of everything, relegating most important decisions to the state level.

The three headed dragon (executive, legislative and judicial) is broken and does not work well. Revamping everything and turning it into a parliamentary system would be better.

Change directives of Federal reserve (if you can't get rid of it) to preventing inflation alone and disregarding growth as is the case with the European Central Bank.

Much of this has been done to great effect in the EU and it works quite well.

Regardless of dishonest and/or predatory lending practises: one should never spend money one does not have.

Well, that is a difficult thing to do. Most of the power in the Union is now in Washington, while states have been progresively emptied of any real power (all they do is collect property taxes, issue drivers licenses and provide services alike). Fuckface Cheney has said in many ocasions that the president of the USA should have the final word on everything and should not be questioned, ever! Can you believe that? This is America in the XXI century.

With so much power concentrated in one place, it is going to take a gargantuan effort to get all these bureaucrats to relinquish their power and hand it back to the states. For one thing corporations will not like it so there will be a media campaign against handing power back to the states, probably under the retarded presumption that indoingso the government will become weaker (which will not be the case) and hence vulnerable to attack by other countries (which will get all these Kansas/Oklahoma types-individuals into survival mode and all hell will break loose). So all in all, I see us heading, head first, into a pseudo-fascist regime within the next 50 years for sure.

[Slapper]

Lots of bible thumpers there too...

You aren't American are you?

No, but I did stay at a Holiday Inn las night. I was customer 1 through 8.

[Deicide]

No, but I did stay at a Holiday Inn las night. I was customer 1 through 8.

Canadian?

[Deicide]

Well, that is a difficult thing to do. Most of the power in the Union is now in Washington, while states have been progresively emptied of any real power (all they do is collect property taxes, issue drivers licenses and provide services alike). Fuckface Cheney has said in many ocasions that the president of the USA should have the final word on everything and should not be questioned, ever! Can you believe that? This is America in the XXI century.

With so much power concentrated in one place, it is going to take a gargantuan effort to get all these bureaucrats to relinquish their power and hand it back to the states. For one thing corporations will not like it so there will be a media campaign against handing power back to the states, probably under the retarded presumption that indoingso the government will become weaker (which will not be the case) and hence vulnerable to attack by other countries (which will get all these Kansas/Oklahoma types-individuals into survival mode and all hell will break loose). So all in all, I see us heading, head first, into a pseudo-fascist regime within the next 50 years for sure.

Good thing I don't live there.

[Slapper]

Canadian?

No, gringo my man! Although I'm well travelled and lived in another country for many years (because of work).

[Slapper]

Good thing I don't live there.

Good, so you probably know how much sympathy other people have for us. It is quite a shock for an American, when traveling abroad, to find out that half of the world hates our guts. It is also enlightning to find out that some of our presidents meet the murderous profiles that would make Mengele proud. I myself got my ass kicked once for talking politics in Europe...

[Deicide]

Good, so you probably know how much sympathy other people have for us. It is quite a shock for an American, when traveling abroad, to find out that half of the world hates our guts. It is also enlightning to find out that some of our presidents meet the murderous profiles that would make Mengele proud. I myself got my ass kicked once for talking politics in Europe...

I am American and European.

Eh, the USA is doomed. Historic really, watching it fall. It sucks but there is nothing that can be done. At least one can watch the death throes whilst earning Euros....

[Deicide]

No, gringo my man! Although I'm well travelled and lived in another country for many years (because of work).

Where, the UK?

You employ British orthographical rules when writing.

[Slapper]

Where, the UK?

You employ British orthographical rules when writing.

No, Spain actually.

[War-Horse]

No, Spain actually.

Me too.  Of course Im born american, but family from spain on both sides.

[Slapper]

Me too.  Of course Im born american, but family from spain on both sides.

Great country. I was actually lucky enough to live through the González's years in power and was able to experience life through a different (pseudo-socialist) system: Universal health care system, public education, universal retirement, etc. The system had its faults, but it worked!

[headhuntersix]

Yup, you have to realise that the armed forces are absolutely totalitarian entities within a democratic society. That's why all these nutjobs from the "heartland" and patriots alike tend to be so obedient and domesticated.

I'm from Boston so i guess that doesn't apply..u libs are so far gone..please move and take ur anti-American bullshit with u...nobody will ever miss u. The heartland is this country...without the heartland..u idiots on the coasts would starve.

[War-Horse]

I'm from Boston so i guess that doesn't apply..u libs are so far gone..please move and take ur anti-American bullshit with u...nobody will ever miss u. The heartland is this country...without the heartland..u idiots on the coasts would starve.

Reminds me of a chevy truck commercial....

[Slapper]

Reminds me of a chevy truck commercial....

It reminds me of the nutjob that kept going "me, me, me!!!" in the Who's the Biggest Asshole competition.

[OzmO]

ozmo, you cannot lower interest rates to near zero, remove lending regulations so that no document loans are the norm and easy to obtain, plus ignore income to debt ratio WITHOUT CREATING A CREDIT CRISIS and attendant housing bubble.

this housing bubble was created by predatory lending practices that the bush regime encouraged.   the bush policy "that everyone deserves a home" was total BS and the housing collapse has proved it.

this situation was never a "housing crisis", it was a LENDING crisis, which the bush regime allowed to fester.

therefore, bush is responsible.



NT




 

I think i understand what you are saying and i thank you for answering and appreciate you taking the time. 

If i understand it right, to me, who has been very critical of BUSH and even labeled a BUSH hater by some neo-taints on the board, it seems like he created a situation that allowed more people the choice to buy a house that normally couldn't and because of that many bought houses that really couldn't afford them becuase they had that choice.

I can see why you could put blame on BUSH here for creating that situation. 

Although in my mind the ultimate fault as far each person who bought a house they couldn't afford is one each of these people becuase they choose to buy it.  No one forced them to buy it.  just as no one forces me to run up my amex by going to vegas and then not being able to pay it a month from now.

These policies opened the doors for people to put themselves in bad situations where they couldn't afford the house, but it was by their choice to do it in the first place. 

[War-Horse]

It reminds me of the nutjob that kept going "me, me, me!!!" in the Who's the Biggest Asshole competition.

Have you seen that commercial for J.G.Wentworth on T.V.    All those people screaming in the streets "Its my money and I want it now"!!!!    

 I want to kick in my tv when i see that thing......F'in greedy pigs.....

[Slapper]

Have you seen that commercial for J.G.Wentworth on T.V.    All those people screaming in the streets "Its my money and I want it now"!!!!    

 I want to kick in my tv when i see that thing......F'in greedy pigs.....

Nope, I haven't. Although JG Wenworth is well known for helping the poor and the needy. Not!

I do not know how the American people can just sit back and turn a blind eye to what their government is doing around the world.

[headhuntersix]

What are we doing exactly...what should we stop doing....how many countries do we aid, how many people do we feed. But ur right we should cut off all aid, monetary or otherwise to everybody...the UN would be whining withing the minute. Its all our fault, because withouyt the US, the world would be at peace right?

[Deicide]

I'm from Boston so i guess that doesn't apply..u libs are so far gone..please move and take ur anti-American bullshit with u...nobody will ever miss u. The heartland is this country...without the heartland..u idiots on the coasts would starve.

Blind allegiance to the state, strong nationalism, wholly bereft of individual thought; what's the point? All the result of an arbitrary set of events.

If you are a globetrotter you need never starve, just be flexible and adaptable.

I certainly don't want to depend on bible thumping nutcases for my survival.

[Neurotoxin]

I think i understand what you are saying and i thank you for answering and appreciate you taking the time. 

If i understand it right, to me, who has been very critical of BUSH and even labeled a BUSH hater by some neo-taints on the board, it seems like he created a situation that allowed more people the choice to buy a house that normally couldn't and because of that many bought houses that really couldn't afford them becuase they had that choice.

I can see why you could put blame on BUSH here for creating that situation. 

Although in my mind the ultimate fault as far each person who bought a house they couldn't afford is one each of these people becuase they choose to buy it.  No one forced them to buy it.  

These policies opened the doors for people to put themselves in bad situations where they couldn't afford the house, but it was by their choice to do it in the first place. 

ozmo, your point is well taken, but without strict lending regulations in place, people who clearly couldn't purchase a home were not only given a chance to own a home, many left the closing with EXTRA cash in their pockets as well. who would turn down a home plus extra spending cash with ZERO risk ? if their payments escalated and were unable to make them...... they'd just walk away. leaving the financial institutions and the US tax payers to clean up the mess.

the banking crisis of the late 1920's and 1930s which led in The Great Depression, resulted from unregulated, unsupervised financial markets (similar to now) which can all too easily suffer catastrophic failure.

as the decades passed, that lesson was forgotten — and now we’re relearning it, the hard way.

bush & co. embraced the failed policies of the Depression era, only to repeat them.



NT





 

  

[24KT]

It reminds me of the nutjob that kept going "me, me, me!!!" in the Who's the Biggest Asshole competition.

[24KT]

Nope, I haven't. Although JG Wenworth is well known for helping the poor and the needy. Not!

I do not know how the American people can just sit back and turn a blind eye to what their government is doing around the world.

Sadly, ...it's much easier than you think!

It's easy for you & I, who are outside of the USA to fume with rage, ...however, something we have to keep in the forefront of our minds is that information about the USA and what she does around the world is largely filtered out for Americans at home. Heck, they're barely even getting news from right within the country itself. If they don't know what's going on, how can they be expected to do something about it.

Every day though, more & more Americans are taking the time to inform themselves. Just look at this very board. I can remember it was just a short time ago when people were freaking out that I or anyone else dared to post a political topic or even dared to suggest that America was not the rosy, peachy, bastion of democracy and human rights she puts herself forth to be. Disclosures of hard truths were met with accusations of "Anti-Americanism". Heck, I can recall suggesting a book be read and the post was deleted... for recommending a book written by a former member of the State Dept. We've come a long way! And I think Americans have come a long way from just a few years ago. The fog is lifting, ...slowly but surely. Don't be so hard on your countrymen. They're playing with a handicap that you and I are not burdened with. Had we had the same blinders placed on us, who is to say it wouldn't have taken us longer to start figuring things out. Considering the burden they've had to bear, ...I think they're progressing pretty well, ...although there are still some that really make you want to give them a good shake at times.

[24KT]

ozmo, your point is well taken, but without strict lending regulations in place, people who clearly couldn't purchase a home were not only given a chance to own a home, many left the closing with EXTRA cash in their pockets as well. who would turn down a home plus extra spending cash with ZERO risk ? if their payments escalated and were unable to make them...... they'd just walk away. leaving the financial institutions and the US tax payers to clean up the mess.

the banking crisis of the late 1920's and 1930s which led in The Great Depression, resulted from unregulated, unsupervised financial markets (similar to now) which can all too easily suffer catastrophic failure.

as the decades passed, that lesson was forgotten — and now we’re relearning it, the hard way.

bush & co. embraced the failed policies of the Depression era, only to repeat them.



NT

We don't even have to go that far back to find the Bush family ushered in a RE crisis... the S&L fiasco of the 80's.

[drkaje]

ozmo, you cannot lower interest rates to near zero, remove lending regulations so that no document loans are the norm and easy to obtain, plus ignore income to debt ratio WITHOUT CREATING A CREDIT CRISIS and attendant housing bubble.

this housing bubble was created by predatory lending practices that the bush regime encouraged.   the bush policy "that everyone deserves a home" was total BS and the housing collapse has proved it.

this situation was never a "housing crisis", it was a LENDING crisis, which the bush regime allowed to fester.

therefore, bush is responsible.



NT




 

Sure the practices are predatory but is Bush really responsible for someone being too stupid to realize they can't afford something? Maybe the gov should make credit cards illegal too and stop people from spending money they don't have.

[24KT]

Sure the practices are predatory but is Bush really responsible for someone being too stupid to realize they can't afford something? Maybe the gov should make credit cards illegal too and stop people from spending money they don't have.

It's not all about people buying too much home. In many cases, it was people refinancing their homes, homes that they had for years, and the mortgages comes up for renewal, ...and since the re-fi, interest rates rose to beyond what they could afford.  When the market appraises a home at X, and lenders issue a mortgage based on a certain amount of equity in the property, ...if the value gets re-assessed at Y, the bank is coming for that home. When someone owes more for the house than what it can be sold for, ...I think the creator(s) of the economic policies that fostered such market instability cannot ber considered blameless.