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SO YOU GET PAID BY THE BANKING INDUSTRY BESIDES EXXONMOBIL?
It seems like it.
Talk about spin!!!
"Natural cycles" lol I guess a natural cycle goes like this -- in the 70's and 80's it was like pulling teeth to get a credit card or buy a house. You had to prove that your economic situation was sound -- establish credit, it was called -- use layaways in a certain store to get a credit card there, then use that credit card as proof you were reliable before you could get other credit cards. Or have to have one-third of the price of a home before a bank would give you a loan on the other two-thirds.
Then -- in the 90's and later, credit cards were handed out like candy - - you didn't need a job even to get one -- no establishing good credit. And banks? home loans? -- just handed out freely. The aim, of course, was to make the economy look better than it was -- increase consumer spending and had the new home sales increase -- pad the statistics. n That doesn't seem natural to me. It looks just like what our President described.
These "natural cycles" were in effect through the latter half of the Nineteenth and pretty well through the fir first third of the Twentieth Centuries -- and you will notice numerous recessions during that time, ending in the Great Depression.
Then regulations were put into effect to avoid a repeat of the Great Depression, and they stayed in effect until the recent Republican Administration and Republican Congress lifted them at the behest of the banking industry. And we very nearly entered a catastrophe that could have been greater than the 30's debacle.
And now, the President wants to put controls back in place similar to those that maintained our economic stability for seven decades and you call it repression.
I call it security.
The only people that would be hurt by these controls (actually, not hurt, but their profits lessened is all) are the rich bankers.
But this is how the conservative spectrum talks -- "what's good for General Motors is good for the U.S.A." -- you spin the debate to make it seem that when government attempts to curb the excesses of the wealthy elite, somehow the Common Man is being repressed, when in fact, controlling those excesses is protecting the rest of us from the effects of such -- such as economic disparity and, in the case of emissions regulation, the health of the rest of us versus oil industry profits -- same story, same situation.
I guess it will take either economic disaster or severe effects from Global Warming before people really wake up and reject what in essence is pure bovine excrement emanating from the minds of such as you.
posted by
Xeno-x
on December 10, 2009 at 6:37 AM
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Thank you
posted by
shadesofblue
on December 9, 2009 at 8:15 PM
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