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    I am postulate one blumpkin blownuts's Avatar
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    Quote Originally Posted by maks View Post
    There was never infinite money. It doesn't magically rain down from on high, economics is cyclical. The housing bubble was caused by a Clinton era mandate imposing a quota requiring them to lend to low-income (minority) applicants.
    Nothing new about predatory lending, but you can point fingers at dozens of people for the surge in unchecked, wholesale abuse of mortgages, and later on in complex securities transactions which you'd have to have an MBA to understand fully yourself. Greed, in the form of the "someone else will just eat my dinner if I don't dig in now" logic. There's some special term for that in game theory.

    We somehow managed to survive for almost 170 years without a federal income tax. Increasing that tax to pay for a nationwide healthcare mandate is not solving a problem, it is creating a new one.
    Yeah, and the majority of that time we instead survived on slavery, child labor, other abusive labor practices, lack of unions, and probably much, much more.
    Untapped stocks of natural resources supplies greatly outweighing their demand, and disconcern for environmental impact during this period had something to do with that as well, I'm sure.


    Using loaded statements like this which are inaccurate and not pertinent to the conversation like you're Michael fucking Moore isn't any better than spewing bumper sticker slogans bob, I thought we discussed that already.
    It often really just comes down to bumper-sticker logic for our main arguments. Excuse me for not being long-winded and proving every single single little point- then again Simon's already grading this as my term paper.
    Last edited by blumpkin blownuts; 03-20-2012 at 09:45 AM.
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