On Fri, 10 Aug 2012 13:49:52 -0400, iBoaterer wrote:

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 founding of the country led to the great depression and this great
recession.

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.

In article ,
says...

On Fri, 10 Aug 2012 13:49:52 -0400, iBoaterer wrote:

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.

Tax cuts are a drop in the bucket. The crash heard around the world
was due to (1) almost all of the money in the American economy being
captured by the top 7% or so of the various most wealth people in the
US, the Federal Mint trying to print our way out of the aforementioned
situation, and the absolute lack of regulation of the money sector.

"Captured by the top 7%", what does that mean?

It is the Federal Reserve Bank printing money, not the US Mint.

On Fri, 10 Aug 2012 21:03:23 -0400, Wayne.B
wrote:

Meanwhile the Carter administration had mandated that mortgage loans
be made available to low income borrowers.

===

Correction, make that the Clinton administration.

X ` Man wrote:
On 8/10/12 5:42 PM, JustWait wrote:
On 8/10/2012 2:50 PM, John H. wrote:
On Fri, 10 Aug 2012 13:49:52 -0400, iBoaterer wrote:

Romney wants to go back to the GWB economics tactic of giving tax
breaks
to the rich.

Does anybody with a brain really believe this crap?


It's exactly what Romney will do. Where have you been? Hiding up your
butt?


That's really a sad response.

In article , says...

On 8/10/2012 2:50 PM, John H. wrote:
On Fri, 10 Aug 2012 13:49:52 -0400, iBoaterer wrote:

Romney wants to go back to the GWB economics tactic of giving tax breaks
to the rich.

Does anybody with a brain really believe this crap?

Um, Insane Scotty, it's what ROMNEY himself said he wants to do.....