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Saturday, October 18. 2008A Liberal Supermajority?Trackbacks
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Good -- the Great Depression (what's so great about it?) resulted from the deregulation of Conservative Republicans Coolidge and Hoover. Now, John McCain, like Herbert Hoover, wants to take more from the middle class and give it to the rich. That's corporate welfare -- as socialist as you can get, only it's heavily biased to the rich. McCain is no moderate and no maverick -- he's really a Right-Wing Conservative at heart, who wants to give more welfare to the rich while the middle class consumer continues to suffer. Americans will no longer buy this Right-Wing "checks and balances" rubbish -- a smokescreen that will inevitably fail, like all McCain's other attempts to smear the "New F.D.R.", Barack Obama. Dear Republicans, your influence is waning. Your free ride from Reagan's hollywood fame is dying out. Americans know their history better than you think. Every time this country undergoes an economic crisis, created by the rich-loving Republican deregulators, the Democrats have saved the day and restored America's prosperity. And, for all the "fiscal conservatives" out there, Bush was not one of you -- he outspent Clinton almost 2 to 1. How's that for military socialism?
I hope someone pays you to write such nonsense!
The Great Depression resulted from deregulation. Wow! That's incredible. Are you a professor or a student? Please tell me your not teaching or studying math...
While I am not the original commenter, I used to teach mathematics (although I'm unclear why this makes me an economist of any sort). I'm curious what your opinion is on the causes of the Great Depression.
Considering that Ben Bernanke appears (see the link at my homepage - 1st page only is displayed) to subscribe to the debt-deflation view, which could easily be construed as something very likely to occur (given enough time) in under-regulated markets - I don't think that the original commenter is posing that unusual of a viewpoint. As a counterpoint (also part of Ben Bernanke's view), there is an argument that over-regulation of the Federal Reserve prevented it from acting in a manner (like it's doing now) to increase the monetary supply.
There is a consensus that there were a number of causes of The Great Depression, including first and foremeost the handcuffing of the Federal Reserve and the collapse of foreign trade (Hawley Smoot).
The notion the it was due to 'deregulation under Coolidge and Hoover' is just silly rhetoric designed to fit into the boilerplate being foisted on the public that 'deregulation caused this current mess.' Government intervention distorted and elongated the Great Depression, and the same can be said for what we are currently experiencing... (Currently former President Clinton, former treasury secretaries Rubin and Summers all subscribe to this view, I believe. Rubin and Summers both advise current presidential candidate Barack Obama.)
>Every time this country undergoes an economic crisis, created by the rich-loving Republican deregulators
With regard to the current crisis, I do believe it was democrats who, under the auspices that "everyone should own a home," circumvented regulatory processes enough to force Fannie Mae and Freddie Mac to issue subprime loans. That was the beginning of this nightmare! And then the same people who started this mess were charged with legislating a solution for it. Yeah...great idea...leverage the cause of the problem to seek its solution. But you are correct in that conservative influence is waning. However, after liberals fail and sink us deeper than we are now, look for a resurgence ala Reagan cleaning up after Carter.
In these times we can NOT tie the hands of our government. The Republicans have destroyed our democratic system, leaving the country in a deep hole and we MUST take action in order to have any chance of digging ourselves out again. If we DON'T elect a congress and president who will work together, we will once again find ourselves in a stalemate that will make it impossible act. I sincerely believe that whichever party's candidate you support, it's VITAL to give them the majority they need to actually DO something about the situation.
We have watched Obama's decision making process over the last 18 months in a campaign that everyone would have to agree has been run more efficiently and consistently than any campaign we have experienced in my lifetime. This man has proven that he deserves the chance to run our country. In this time of desperately needed change, I believe he is the only choice with a steady, even hand. He needs a majority Congress to have any chance of implementing that change. We gave the Republicans 8 years. It's time to give Barack Obama his swing at the ball. If his ideas are not working we can throw the Congress out in 2 years. That's what happened with Bush. Once it finally became clear he was going in the wrong direction, we voted in a Democratic Congress. But he was given his chance. If we don't give Obama a solid, filibuster-proof majority, we will have no way of knowing if he really has solutions to our desperate situation. It is time for a change. Let's give the man the majority he needs.
You win today's hyperbolic rhetoric award!
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