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October 9th, 2011, 07:47 AM #21
Conservatives: "If the facts disagree with our opinion, ignore the facts -- or at least misrepresent them."
October 9th, 2011, 10:06 AM #22
Young people are the victims of democrats, that's patently absorb. As already pointed out, your comment about stduent loans was just wrong, and your argument completely avoids the point that it's been the republican policies for the last 30 years that have widened income disparity, lowered taxes on the wealthy, stagnated middle class incomes for a generation, and vastly reduced the funding for public universities.
(on an iPad, sorry for any typos).Reason obeys itself; and ignorance does whatever is dictated to it.
October 9th, 2011, 10:10 AM #23
When Obama too office he federalized the student loan program. The was an effort to remove the bankruptcy provision, but with his control of the house and senate, he ignored his chance to forever live in the hearts of dead beats.
And while blaming Bush, I guess you are right. We need another 4 years of Obamanomics. Have you noticed since Obama has taken office nothing has gotten better?
Every dollar of tax money originates in the private sector. Kill that and you kill everything. Obama knows that, and he doesn't care if he kills it or not.
Buy the way, what do these boneheads want?
Last edited by Chuckiechan; October 9th, 2011 at 10:12 AM."What's a company worth that is doing business with China? The problem is, no one really knows." CC
October 9th, 2011, 01:29 PM #24
Bankruptcy Abuse Prevention act of 2005 limited the types of student loans that could be discharged through bankruptcy, not the 2009 bill signed by Obama. What you are claiming is simply not true.
Last edited by thephilosophizer; October 9th, 2011 at 01:57 PM.Reason obeys itself; and ignorance does whatever is dictated to it.
October 9th, 2011, 03:00 PM #25Conservatives: "If the facts disagree with our opinion, ignore the facts -- or at least misrepresent them."
October 9th, 2011, 03:24 PM #26
- Join Date
- Mar 2003
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to read their statement?
It sounds a lot more like a declaration of independence than a bunch of whining college kids.
I'd suggest attempting to find out what's actually happening before labeling them.Hillary for Wall Street. Sanders for WE THE PEOPLE.
October 9th, 2011, 04:05 PM #27
The issue was Obama's allowing the no bankruptcy clause to remain in effect. After all, it was put in by President Evil. He could have changed that help his base.
Either way, the protestors are a little off base blaming Wall Street for their problems. The educational lobby has made a college education cost as much as the student loan program will bear. Loan limits go up, so does tuition.
This is another "bubble" about to pop."What's a company worth that is doing business with China? The problem is, no one really knows." CC
October 9th, 2011, 09:05 PM #28
Likewise, income stratification has been occurring since Reagan and culminated with the Bush upper-income tax-cuts which resulted in income on the higher end skyrocketing while everyone else, at best, stayed the same.
Last edited by MTAtech; October 10th, 2011 at 08:23 AM.Conservatives: "If the facts disagree with our opinion, ignore the facts -- or at least misrepresent them."
October 10th, 2011, 11:34 AM #29
October 10th, 2011, 01:44 PM #30
- Join Date
- Mar 2003
- Joplin, MO
- Blog Entries
Did you take that or find it?Hillary for Wall Street. Sanders for WE THE PEOPLE.
October 10th, 2011, 02:21 PM #31
I like this paragraph from Krugman:
The way to understand all of this is to realize that itís part of a broader syndrome, in which wealthy Americans who benefit hugely from a system rigged in their favor react with hysteria to anyone who points out just how rigged the system is.To those who might be saying goodbye, take your sadness in stride as you walk toward the beautiful horizon.
October 10th, 2011, 02:41 PM #32
Stop the Redistribution of Wealth by the Government
In 2008 the Federal Government undertook a major redistribution of wealth from the American people who pay taxes to give that money to the top 1% of the top1 % of the income pyramid and also redistributed money from the middle-income Americans for several generations and gave away that money to major Banks.
It continues this income redistribution every day with tax subsidies to Big Business like Exxon Mobil the biggest American company with tax subsidies.
It would be reasonable to collect back the money it so redistributed to Big Finance and also to stop the subsidies to major CorporationsFIRST TEN YEARS ANNIVERSARY HONOR ROLLthis April 18th, 2014 and will be Officially Celebrated That Day! SEE http://www.techimo.com/forum/imo-com...ml#post1070600
October 10th, 2011, 02:49 PM #33
there are in fact very good reasons to intervene to support banks during a financial crisis. Bagehot knew it; Diamond and Dybvig showed it theoretically; and it remains true. Letting a financial crisis spread is very dangerous.Finally, even if you persuade yourself that the moral hazard created by financial firefighting outweighs the benefits of avoiding a 1931-style cascading crisis, the fact is that policy makers will intervene. Hank Paulson set out to make Lehman an example; two days later he was staring into the abyss.
So the only feasible strategy is guarantees and a financial safety net plus regulation to limit the abuse of those guarantees. Itís imperfect; it faces the constant threat of regulatory capture; but it has worked in the past, and itís the only game in town.
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