auditor0007
Gold Member
All I can do is laugh at the stupid partisan bickering. Just about the entirety of this economic meltdown can be traced back to the housing crisis which was created due to the stupid ass lending practices by the banking and investment industry. And guess what? Both Republicans and Democrats allowed it to happen. Everyone was involved. It wasn't solely the Republicans fault or the Democrats fault. They all had a hand in allowing this to happen.
The Republicans were in control for six of the last eight years, but during that same time, even when the writing was on the wall, Democrats blocked any changes Republicans tried to make. They all screwed this up, and if you can't see that then you're all goofy.
While we can all disagree on our involvement in Iraq, how the aftermath of Hurricane Katrina was handled, and even all the deficit spending, none of these things caused the economic situation we now face.
Now that we're in this mess, one thing is certain; the banking system must be stabilized. We shouldn't be happy about the fact we're having to bail these people out, but we're bailing ourselves out in the process. The idea that we should have just let the banks collapse is about as stupid an idea as I have ever heard. At the same time, spending more money that we don't have to spend also is about as stupid as it gets, especially when the bulk of this stimulus bill will do nothing to create new jobs.
We're in for a long slowdown, plain and simple. We all had a part in allowing it to come about; now it's time to pay the piper. Printing more money to throw at the problem is only going to lead to higher taxes down the road, and we're taking a great risk of it creating escalating inflation.
Oh, just so you all know, existing home sales in January fell 5.3 percent compared to last year. The housing market is still in a tailspin. Until that turns around, ain't nothin a changin anytime soon.
The Republicans were in control for six of the last eight years, but during that same time, even when the writing was on the wall, Democrats blocked any changes Republicans tried to make. They all screwed this up, and if you can't see that then you're all goofy.
While we can all disagree on our involvement in Iraq, how the aftermath of Hurricane Katrina was handled, and even all the deficit spending, none of these things caused the economic situation we now face.
Now that we're in this mess, one thing is certain; the banking system must be stabilized. We shouldn't be happy about the fact we're having to bail these people out, but we're bailing ourselves out in the process. The idea that we should have just let the banks collapse is about as stupid an idea as I have ever heard. At the same time, spending more money that we don't have to spend also is about as stupid as it gets, especially when the bulk of this stimulus bill will do nothing to create new jobs.
We're in for a long slowdown, plain and simple. We all had a part in allowing it to come about; now it's time to pay the piper. Printing more money to throw at the problem is only going to lead to higher taxes down the road, and we're taking a great risk of it creating escalating inflation.
Oh, just so you all know, existing home sales in January fell 5.3 percent compared to last year. The housing market is still in a tailspin. Until that turns around, ain't nothin a changin anytime soon.