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	Name:	MartiniMan -
	Subject:	answers
	Date:	7/6/2009 2:37:53 PM

Archie: I won't stipulate your speculation about how things would have been worse in all three areas had McCain/Palin won because it is silly and pointless to argue about something that none of us would ever know because it didn't happen. We can only see what has happened under Obama/Biden.

I do wonder about your last point. It seems to me that it is both common knowledge and widely accepted that the current financial crisis was a result of the excesses caused by government intervention in the free markets (Fannie/Freddie/CRA, etc.). These drove the housing market to artificially high levels (the bubble) that burst when the economy slowed and the subprime borrowers saw there was no escape and began to default. What about that is not clear to you? You can argue all day long as to whether one or both parties share the blame but not about the cause.

As for all of us sharing in the excessive expenditures I take exception to that claim. Nothing could be further from the truth. TARP has never been the issue for me and other conservatives even though many of us preferred to allow the free markets to correct things, we also realized the risk in a totally lassez faire approach. What is an issue is the alleged stimulus plan that those of us who delved into it pointed out was not stimulative and would not work. We were right and they were wrong. Remember, the Messiah himself said we needed this bill to keep unemployment from going over 8%. He lied and jobs died.

What really happened was they used a crisis to implement a slew of big government spending that ballooned the deficit (quadruple anything Bush ever dreamed up that liberals were screeching about for the last 4 or 5 years). It was never about stimulus for them or they would have taken a totally different tact. What we now have learned is they didn't really care about the deficit, they just didn't like what Bush spent his borrowed money on. But the point is they are going to want to bring us "son of stimulus" and it will just be another pork-laden, big government spending program that will not stimulate and will only further increase the debt. I hope that is not the case but Obama continues to outsource the writing of these bills to uber-liberals like Pelosi, Reid, Frank and other safe liberal Democrats that will pay no price for their profligacy with our money (or more to the point, our children and grandchildren's money). Socialist European governments are telling us we are nuts as they go in the other direction by cutting taxes.

We are repeating all the same mistakes of the Great Depression. My only hope is we don't need a WW3 to save the Messiah's legacy like we did with FDR and WW2.

Other messages in this thread:

View Entire Thread

Question for Archie - water_watcher - 7/5/2009 7:35:02 PM

Additional Question - Astro - 7/5/2009 8:23:41 PM

you are right ... - water_watcher - 7/5/2009 8:29:00 PM

answers - architect - 7/6/2009 9:24:58 AM

answers - water_watcher - 7/6/2009 2:27:29 PM

answers - MartiniMan - 7/6/2009 2:37:53 PM

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