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#1
posted to rec.boats
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Here's what I'd like to know.
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. |
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#2
posted to rec.boats
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Here's what I'd like to know.
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. Kevin, you seem to forget the key role of the Barney and Frank duo. Shame on you. |
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#3
posted to rec.boats
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Here's what I'd like to know.
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#4
posted to rec.boats
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Here's what I'd like to know.
On 8/10/2012 1:49 PM, 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. Yup. That's why this country needs a leadership change. |
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#5
posted to rec.boats
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Here's what I'd like to know.
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. 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. Kevin, you seem to forget the key role of the Barney and Frank duo. Shame on you. Has that slobbering fool retired from politics yet? |
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#6
posted to rec.boats
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Here's what I'd like to know.
"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 some early warnings to those who happened to be paying attention for one reason or another. I am no economist by any means but when we sold the houses we had in Florida back in 2004, the annual rate of appreciation on housing values was running at 28% in the area we were in. Anybody with a lick of common sense knew that increasing values like that could never last. We sold just before the market began to tank down there. The house we sold for $10k short of a million is currently for sale for $450k OBO. Think what you will of GWB, but the overinflated housing market with artificially high values was going to burst regardless of who was in the Whitehouse. |
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#7
posted to rec.boats
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Here's what I'd like to know.
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? 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. Kevin, you seem to forget the key role of the Barney and Frank duo. Shame on you. |
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#8
posted to rec.boats
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Here's what I'd like to know.
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? -- I'm a liberal because the militant fundamentalist ignorant science-denying religious xenophobic corporate oligarchy of modern Republican conservatism just doesn't work for me or my country. |
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#9
posted to rec.boats
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Here's what I'd like to know.
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#10
posted to rec.boats
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Here's what I'd like to know.
On 8/10/12 5:52 PM, Boating All Out wrote:
In article , dump-on- says... 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? Looks like Scotty doesn't believe a word Romney says. Pretty funny. Under the best of circumstances, Scotty's connection with reality is tenuous. It's part and parcel with his being psychotic. -- I'm a liberal because the militant fundamentalist ignorant science-denying religious xenophobic corporate oligarchy of modern Republican conservatism just doesn't work for me or my country. |
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