Originally posted by: LegendKiller
Originally posted by: Ocguy31
Originally posted by: LegendKiller
Originally posted by: Ocguy31
F*ck the bailout. Republicans are doing something right for the first time in 4 years.
Do you know what you're even talking about?
No, please enlighten me. There were a core group of House Republicans that put a wrench in the already announced bailout this evening, due to concerns of the government getting involved in the private financial sector. I applaud this.
So I ask you, what the hell are
you talking about?
If the Fed doesn't keep liquidity in the system, were are companies going to get money? Do you even understand how the Great Depression started?
It was this exact problem.
The Republicans are too late. They fucked over the economy by letting this shit happen. Their mantra of "deregulation" put us into this system. They sucked off the banks, mortgage lenders, and investors, for 7 years. Now they don't want to fix what they broke.
Personally, I think that they're shooting themselves in the dick. Once we hit another great depression the US public will clamor for a democrat candidate, akin to FDR, and the Repugs will wallow in their shit for the next 20 years as they are maligned like Hoover was.
What's funny is that a Republican President lead us into the first Great Depression and another one leads us into this one. Great job, jackasses.
Perhaps you should read up on history.
Coolidge
Many later criticized Coolidge as part of a general criticism of laissez-faire government.[4] His reputation underwent a renaissance during the Reagan administration,[5] but the ultimate assessment of his presidency is still divided between those who approve of his reduction of the size of government and those who believe the federal government should be more involved in regulating the economy.[6]
Hoover
That position was challenged by the Great Depression, which began in 1929, the first year of his presidency. Hoover tried to combat the Depression with volunteer efforts and government action, none of which produced economic recovery during his term. The consensus among historians is that Hoover's defeat in the 1932 election was caused primarily by failure to end the downward spiral into deep Depression, compounded by popular opposition to prohibition. Other electoral liabilities were Hoover's lack of charisma in relating to voters, and his poor skills in working with politicians.
Guess what? It was the retard Republicans in Congress who lead us to the last Depression too!