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Originally Posted by transjen
So bailing out the US automakers is socialism but W bailing out wallstreet wasn't?
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W shouldn't have had to bail out wall street. This isn't really a capitalistic system though is it? Not after the government has already stepped in and required banks to make loans to minorities who were not able to repay the loans. After that happened, it wasn't purely capitalism anymore.
Quote:
Originally Posted by transjen
All that was need was more GOP leadership and Regannogmics after all look what 8 years of deregalation and trickle down did for us Regan's trickle down only lead to a sea of red ink in the 80s and W was even worse but it appears that the GOP is fine with a sea of red ink as long as there is tax cuts for billonairs but the moment a dem gets in power all of a sudden they are worried about the debit
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Jen, we've already gone over regulation, yet you keep holding on to that myth. Republicans were asking for regulation. Dems didn't want it.
http://www.youtube.com/watch?v=hN31-nKndg8
As for the rest, Obama's red ink is 2.5 times greater than the red ink from all of Bush's 8 years - including Bush's wall street bailout. Please explain how this debt is no worse than W's debt?