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Originally Posted by inthebox

Lets look at why we have this housing bubble that is at the root of this recession;

CRA and the likes of the past administration and the Dems like Frank and Dodds that were supppose to keeping an eye out for us.

Nice job by the politicians.

And it isn't the government that bails us out, it is the taxpayor that pays for these bailouts
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Bush had it right the first time when the dotcom buble burst - lower taxes. Let the people and the businesses that produce things keep more of their hard earned money.

Bush screwed up this past 6 months, thinking that government and paulson, by spending more money, is going to get us out of this mess. Now Obama thinks government is the answer!!







G&P

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So did Bush think that Government was the answer, if the Republican's couldn't find a free market solution what makes you think there is one? What is your answer, should nobody have been bailed out? On the surface I wouldn't mind letting all those who took a risk, fail. I mean that's the risk right, you invest to make money and have no problem cashing in, but when you lose money you should lose it.

However, the breadth and scope of the fraud (yes fraud, burying bad paper -worthless loans- with other investment vehicles so that you keep making money without telling the investor that they are getting sour milk is fraud) affects every aspect of our financial system. To do nothing would affect individuals and corporations in much worse ways despite the fact that I wouldn't not bailing them out.

There is no free market solution to the immediate crisis at hand, if you have one, please suggest it.

As I said previously, when the free market fails, Government steps in.

Circular:

Government played a huge role in this mess. Or do you deny that fannie and freddy were not GSEs?

Now government is trying to fix the mess they created? Lets start with a potential Treasury secretary that cannot even pay his own taxes. This is what you place your faith and hope on?



Better ways?

Neal Boortz : There is a better stimulus plan out there - Townhall.com

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Instead of bureaucrats and politicians deciding how all of this money is going to be spent, why not let the people who actually worked for this cash make their own independent spending decisions for this money. How would you do that? Simple: declare a five-month tax holiday. From February through June everybody keeps their paycheck. No income tax withholding … no payroll taxes. What will the people do with this money? What, are you crazy? They'll spend it, that's what. Talk about stimulating the economy!

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Mary Fallin : A Stimulus That Works - Townhall.com

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It is based on principles recognized by Republican and Democratic presidents alike: tax cuts work, growth begins with the middle class, and recovery comes fastest when we allow Americans to keep more of their own money.

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G&P

Yeah, that reallyyyyyyyyyyyyyyy doesn't help me on my report ; you see it's about how our goerment is a good one!!