Keynes VS Hayek

[marharth]

I'll help you out Marharth, what happened was they extended existing tax rates rather than let them go back up to the rates they were at a decade or so ago. Most people would call that keeping the tax rates the same, not of course if your a Democrat and truth is just a thing that gets you way of course.

I don't think you get my point.

 

I am saying that you should like, Obama because he is counting right wing policies, when he should be getting rid of them.

 

@Harbringe that's what I have been trying to say.

 

If you keep going with Hayek's model there will be no ref left in the ring.

[csgators]

I'll help you out Marharth, what happened was they extended existing tax rates rather than let them go back up to the rates they were at a decade or so ago. Most people would call that keeping the tax rates the same, not of course if your a Democrat and truth is just a thing that gets you way of course.

I don't think you get my point.

 

I am saying that you should like, Obama because he is counting right wing policies, when he should be getting rid of them.

 

 

Why would you think I liked what Bush did or even what the "right wing" wants? Obama is doubling down on everything Bush did.

[marharth]

I'll help you out Marharth, what happened was they extended existing tax rates rather than let them go back up to the rates they were at a decade or so ago. Most people would call that keeping the tax rates the same, not of course if your a Democrat and truth is just a thing that gets you way of course.

I don't think you get my point.

 

I am saying that you should like, Obama because he is counting right wing policies, when he should be getting rid of them.

 

 

Why would you think I liked what Bush did or even what the "right wing" wants? Obama is doubling down on everything Bush did.

My point was that the government is a right wing majority.

[csgators]

I'll help you out Marharth, what happened was they extended existing tax rates rather than let them go back up to the rates they were at a decade or so ago. Most people would call that keeping the tax rates the same, not of course if your a Democrat and truth is just a thing that gets you way of course.

I don't think you get my point.

 

I am saying that you should like, Obama because he is counting right wing policies, when he should be getting rid of them.

 

 

Why would you think I liked what Bush did or even what the "right wing" wants? Obama is doubling down on everything Bush did.

My point was that the government is a right wing majority.

 

Right and left are subjective, I could make a case easily for the government being way farther left than the average American. They are all big government types with only a few exceptions. In my book, based on current political terminology that makes them left wing. Either way I oppose all would subvert my liberty and grant the government ever expanding powers.

[marharth]

I'll help you out Marharth, what happened was they extended existing tax rates rather than let them go back up to the rates they were at a decade or so ago. Most people would call that keeping the tax rates the same, not of course if your a Democrat and truth is just a thing that gets you way of course.

I don't think you get my point.

 

I am saying that you should like, Obama because he is counting right wing policies, when he should be getting rid of them.

 

 

Why would you think I liked what Bush did or even what the "right wing" wants? Obama is doubling down on everything Bush did.

My point was that the government is a right wing majority.

 

Right and left are subjective, I could make a case easily for the government being way farther left than the average American. They are all big government types with only a few exceptions. In my book, based on current political terminology that makes them left wing. Either way I oppose all would subvert my liberty and grant the government ever expanding powers.

Can you explain to me how it makes sense to deregulate companies that screwed up the economy?

[Aurielius]

Marharth excerpt

"Can you explain to me how it makes sense to deregulate companies that screwed up the economy?"

 

Could you elucidate just what current deregulation the Obama administration is contemplating? Or for that matter the Republicans?

[csgators]

I'll help you out Marharth, what happened was they extended existing tax rates rather than let them go back up to the rates they were at a decade or so ago. Most people would call that keeping the tax rates the same, not of course if your a Democrat and truth is just a thing that gets you way of course.

I don't think you get my point.

 

I am saying that you should like, Obama because he is counting right wing policies, when he should be getting rid of them.

 

 

 

Why would you think I liked what Bush did or even what the "right wing" wants? Obama is doubling down on everything Bush did.

My point was that the government is a right wing majority.

 

Right and left are subjective, I could make a case easily for the government being way farther left than the average American. They are all big government types with only a few exceptions. In my book, based on current political terminology that makes them left wing. Either way I oppose all would subvert my liberty and grant the government ever expanding powers.

Can you explain to me how it makes sense to deregulate companies that screwed up the economy?

 

It was the regulation that screwed up the economy, not the lack of. The bad debt in the housing loans was a directive from DC, the banks were forced to make loans to people they previously denied. Our economy and industry are among the most regulated in the world, you can't drink yourself sober.

[marharth]

I'll help you out Marharth, what happened was they extended existing tax rates rather than let them go back up to the rates they were at a decade or so ago. Most people would call that keeping the tax rates the same, not of course if your a Democrat and truth is just a thing that gets you way of course.

I don't think you get my point.

 

I am saying that you should like, Obama because he is counting right wing policies, when he should be getting rid of them.

 

 

 

Why would you think I liked what Bush did or even what the "right wing" wants? Obama is doubling down on everything Bush did.

My point was that the government is a right wing majority.

 

Right and left are subjective, I could make a case easily for the government being way farther left than the average American. They are all big government types with only a few exceptions. In my book, based on current political terminology that makes them left wing. Either way I oppose all would subvert my liberty and grant the government ever expanding powers.

Can you explain to me how it makes sense to deregulate companies that screwed up the economy?

 

It was the regulation that screwed up the economy, not the lack of. The bad debt in the housing loans was a directive from DC, the banks were forced to make loans to people they previously denied. Our economy and industry are among the most regulated in the world, you can't drink yourself sober.

So the banks were forced to make record profits before the crash by the government?

 

"The bad debt in the housing loans was a directive from DC"

How so?

 

@Aurielius I wasn't really talking about politicians, I was replying to csgators about that.

[csgators]

http://en.wikipedia.org/wiki/Community_Reinvestment_Act

 

http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2008/09/28/franks_fingerprints_are_all_over_the_financial_fiasco/

 

http://www.youtube.com/watch?v=i8grxXf2WLQ

[Aurielius]

Margarth excerpt~

"The bad debt in the housing loans was a directive from DC"

How so?

Barney Franks the democratic chairman on the House Banking Committee is the one I would point the first finger at.

 

"Frank's fingerprints are all over this fiasco. Time and time again, Frank insisted that Fannie Mae and Freddie Mac were in good shape. Five years ago, for example, when the Bush administration proposed much tighter regulation of the two companies, Frank was adamant that "these two entities, Fannie Mae and Freddie Mac, are not facing any kind of financial crisis." When the White House warned of "systemic risk for our financial system" unless the mortgage giants were curbed, Frank complained that the administration was more concerned about financial safety than about housing.

 

Now that the bubble has burst and the "systemic risk" is apparent to all, Frank blithely declares: "The private sector got us into this mess." Well, give the congressman points for gall. Wall Street and private lenders have plenty to answer for, but it was Washington and the political class that derailed this train. If Frank is looking for a culprit to blame, he'll find one suspect in the nearest mirror."~ Wall Street Journal

Edited May 4, 2011 by Aurielius