For someone who parades around acting like an expert, but in reality is just a loudmouth with no supporting facts. Reagan's deregulation has been favorable except in the banking arena. Republicans did not solely create derivatives, which helped cause this crisis. What about the mess caused by Clinton, Barney Frank and others in the housing debacle? Last time I looked, Wall St. is well represented by Democrats. Fkbullshitite. Another obamanite with his thumb up his ass.
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Recession eerily reminiscent to period prior to Great Depression
- Thread starter ByLoSellHi
- Start date
For someone who parades around acting like an expert, but in reality is just a loudmouth with no supporting facts. Reagan's deregulation has been favorable except in the banking arena. Republicans did not solely create derivatives, which helped cause this crisis. What about the mess caused by Clinton, Barney Frank and others in the housing debacle? Last time I looked, Wall St. is well represented by Democrats. Fkbullshitite. Another obamanite with his thumb up his ass.
Quote from countryBoy:
The premise of this thread completely ignores one of the largest factors in the 1930's depression: Political instability across most of the industrialized world, except U.S. and Britian.
Forget about opening up a manufacturing facility in Europe or Asia. Who would want to build export channels to these countries if goods could be siezed without due process? International investment in the 1930's was at a standstill.
The economic environment now is 180 degrees opposed to then.
And in the meantime, dozens of large manufacturing plants a day are closing in the United States:
Thursday, July 30, 2009
Rieter Automotive closing Indiana factory
Associated Press
Lowell, Ind. -- Rieter Automotive North America plans to close a northwestern Indiana factory by the end of the year, eliminating 130 jobs.
Rieter officials say the decision to shut down the plant in the Lake County town of Lowell was made to better align the company's production capacity with demand from its customers.
More than 400 people worked in the mid-1980s at the plant, which produces noise control and automotive trim products for the automotive and appliance industries.
Rieter said it planned to mothball the building and equipment. Farmington Hills.-based Rieter is a division of the Rieter Group of Switzerland.
Quote from ByLoSellHi:
And in the meantime, dozens of large manufacturing plants a day are closing in the United States:
And let me guess where they are moving to: someplace that has no unions, no EPA, no DEP, no OSHA rules, and probably very few lawyers.
Am I correct?
The U.S. economy does have massive overhead that is not realistic in today's world economy. Much of this is the direct result of the U.S. monopoly on some types of manufacturing from 1945 through the 1970's.
But that is not to say that today's economy is in any way similar to the 1930's.
Quote from fhl:
If we can only get Barney Frank and Chris Dodd to regulate wall street, we'll never have to worry about speculative bubbles again. They fixed fannie mae and freddie mac and now they're as sound as a financial institution can get.
Barney's still trying - he wants to penalize banks to keep them from foreclosing on homes.
The genius of this man is too much...
Everywhere I go,
Everywhere I look,
People askin' me,
(People askin' me),
Feelin' cold to you?
Mighty cold, indeed...
Oh, there's a wicked cold wind blowin'
Next year, she's gonna be howlin'
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Everywhere I look,
People askin' me,
(People askin' me),
Feelin' cold to you?
Mighty cold, indeed...
Oh, there's a wicked cold wind blowin'
Next year, she's gonna be howlin'
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