Scott SoCal said:
I'm not sure what to think of Greenspan. You can lay all of this economic turmoil at his feet if you want, but I'd politely ask you to look at the community development act that essentially forced lenders to loan money to folks who could not pay it back. Is that Greenspan's fault?
So I'll tell you what to think of Greenspan. He's a disciple of Milton Friedman, the Godfather of Voodoo economics. As for the community development act, this is another distortion by you. The banks were
MORE than willing participants in the loans made. Are you suggesting their arms were twisted to make these loans? That's the laugh of the century. I seem to remember
REFI marketing pressures
EVERYWHERE I went, even when I walked in the bank itself. Yeah right, the banks were trying to avoid making those loans. What a joke.
Scott SoCal said:
I stay out of the religion part, so you can direct those comments elswhere.
How convenient of
YOU. Conservatives and Republicans have been on this moral majority and conservative Christian bs for
Decades. That's why GWB got in the WH after Clinton's dalliances with Lewinsky. Without their "moral" spin on things GWB would never have been POTUS and jeez, we probably would have an infinetesimal fraction of the deficit we now have as a worst case scenario.
I'm all for leaving Religion up to the individual but
it's your party and likeminded people that want to inject it into every aspect of American life.
I myself don't have much problem with that and I know that Republicans have perverted the nature and spirit of Christianity far more than some poor ******* on the street.
Anyway, don't suggest that I have brought up this topic and inserted into political consciousness.
It's your side that
talks Christian, but walks Corporate.
.
Scott SoCal said:
After three tries at suggesting tax cuts in a down economy are beneficial in terms of economic expansion and job creation you still try and spin my comments to suggest something other than what is my point... I'll just leave it at that.
Best of luck to you. We just disagree.
Because cutting Capital gains taxes will only succeed in lowering government revenues.
The equity markets are well on their way to recovery and yet the employment picture is horrendous with no signs of getting better.
Someone is starving on the street in desperate need of shelter and your idea is to offer a capital gains tax reduction in hopes someone playing the speculative markets will take profits and that will help people in emergency situations? Damn, I think GWB wanted to help the victims of Katrina by cutting capital gains taxes. The city would drain quicker when some millionaire calls up EF Hutton and dumps a couple thousand shares of Microsoft.
This is why GHWB called it Voodoo economics. Even your own guys know it's bs.