Barack Obama

[TracyCoxx]

Originally Posted by SluttyShemaleAnna

lol, a republican supporter mentioning the economy! Hey, I got an idea, lets have less regulation, that will solve the crisis caused by unregulated markets!!

and I love the idea of republicans of fiscal conservatives. I didn't realise that mountains of debt and a banking system in collapse was fiscal conservatism.

Did you read the part I wrote in parenthesis? Here, let me reprint it for you.

Originally Posted by TracyCoxx

But... I agree whole heartedly with their fiscal conservatism and anti-welfare stance (well at least for real republicans, there's been too many RINOs lately), and most of their foreign policy.

Perhaps you don't know what RINO means. Republican In Name Only. As for your crack about regulation, the markets HAVE been regulated. It was government intervention that I was referring to above that forced banks to make loans to unqualified recipients. So much for that idea.

[randolph]

Originally Posted by TracyCoxx

Did you read the part I wrote in parenthesis? Here, let me reprint it for you.


Perhaps you don't know what RINO means. Republican In Name Only. As for your crack about regulation, the markets HAVE been regulated. It was government intervention that I was referring to above that forced banks to make loans to unqualified recipients. So much for that idea.

You are partially right. Both Republican and Democrats supported easy loans to low income people. Unfortunately, crucial oversite regulations essential to keep the system from spinning out of control were ignored or removed. Greenspan and the rest of the free marketers had the naive view that markets would automatically regulate themselves. They didn't realize that a "free" market opens things up for the Madoff types.