On Fri, 10 Aug 2012 15:36:26 -0400, "Eisboch" wrote:



"iBoaterer" wrote in message
...

Romney wants to go back to the GWB economics tactic of giving tax
breaks
to the rich. Now, when Bush did that, it led to an economic crash
heard
around the world. So, why would the same tactic garner different
results
this time?

Insanity: doing the same thing over and over again and expecting
different results.

----------------------------------------------------

The Bush tax cuts did not cause an economic crash heard around the
world. In fact the economy was doing quite well up through 2007 and
early 2008 despite the spending on two wars, etc.

The crash was ignited by the housing boom and their inflated values
collapsing. The rest of the economy followed suit. People were
caught with their pants down with declining values, deferred payment
interest only loans, balloon loans and all kinds of fuzzy logic
financing. The latest get-rich-quick scheme for many was
house-flipping. It had to end.

There were a lot of "leverage" guys in that mix, who think just like
Romney. That is, "how do I make a buck with nothing invested and
practically no risk."

The answer, OPM and raping the little guy.