Toddsterpatriot
Diamond Member
Unsustainable bubbles are cool!
So then why is it that Conservatives are the ones who give us those bubbles? Dotcom bubble in 2000 thanks to the Capital Gains Tax Cut of 1997, Mortgage bubble in 2004-7 thanks to Bush deregulating the mortgage industry and his tax cuts.
So then why is it that Conservatives are the ones who give us those bubbles?
Bubbles have always happened and will always happen.
The one that is currently expanding in China is an ugly one.
I'd stand back if I were you.
As far as the recent bubbles, if the Internet bubble had popped a couple years earlier, we wouldn't have to hear about Clinton's awesome "surplus" and if the RE bubble had popped a couple of years later, Obama would have been a one term failure instead of a two term failure.
Mortgage bubble in 2004-7 thanks to Bush deregulating the mortgage industry
You'll have to tell me more about this claim.
Do you feel that pushing banks, Fannie and Freddie to vastly expand lending to poorer people is an example of deregulation?