Resistance grows to Obama's bigger government

Quote from 377OHMS:

Those are secondary effects.

The culprit is Greenspan. When the housing market overheated in 2004 he dumped gasoline on it by lowering rates.

All the nonsense about Fannie and Freddie, subprimes and adjustables came afterwards.

Greenspan caused this. Period.

Bush, whom I voted for twice, stood by and cheered on "home ownership".

The Fed should have raised rates. Any sane Fed chairman would have.
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9/11 was a big issue too. We forget how much that changed everything with the huge amount of bureaucracy we created with Homeland Security.

John
 
Quote from 377OHMS:




Those are secondary effects.

The culprit is Greenspan. When the housing market overheated in 2004 he dumped gasoline on it by lowering rates.

All the nonsense about Fannie and Freddie, subprimes and adjustables came afterwards.

Greenspan caused this. Period.

Bush, whom I voted for twice, stood by and cheered on "home ownership".

The Fed should have raised rates. Any sane Fed chairman would have.
More...



While I agree Greenspan played a large role in this debacle. Barney Frank, Shumer, and the Clintons played a larger role with their GSE's. A certain percentage of the population has no business owning a home. Greenspans low interest rates are like crack, and now everybody is addicted and expects low interest rates to fund their extravagances. Houses aren't moving at 5% what will happen when rates are at 10%?
 
Quote from smilingsynic:

Why hasn't this garbage thread been moved to politics and religion?
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Was thinking the same thing. Frankly, most of the people posting on this thread scare the crap out of me.
 
LOL! Here come the Obama apologists!

Nice job guys. You fucked up the country and won't get a second chance for decades. Its poetic.
 
I laugh at you right wing militia types. So you are locked and loaded huh. I think if the government wanted to take you out, you would be dead before you could reach for your musket. As much as you want to forget that W ever happened, he was president the last 8 years and I know you all voted for him twice. There is no way possible that in 2 months Obama has worsened the economy in any tangible means. I love how people, usually the non trading types, try to act like the market speaks to them. The market isn't rational, I would think traders would know that. Then again most on these boards are posers.
 
Quote from Red_Ink_inc:

Was thinking the same thing. Frankly, most of the people posting on this thread scare the crap out of me.
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You should be scared. Guys like me are starting to see guys like you as a no-kidding enemy of the country.
 
Quote from 377OHMS:

You should be scared. Guys like me are starting to see guys like you as a no-kidding enemy of the country.
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hahahahahahahahaha :D


"Silly boy you got so much to live for
So much to aim for, so much to try for
You blowing it all with paranoia
You're so insecure you self-destroyer"

Destroyer - The Kinks

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