tag:blogger.com,1999:blog-5050620890310827676.post686319551379617721..comments2023-08-21T10:07:58.051-04:00Comments on Daily AntiKos: A Simple Game of Pin the Tail on the DonkeyFundyhttp://www.blogger.com/profile/11919458872326059183noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-5050620890310827676.post-4589533989418030132008-10-29T03:27:00.000-04:002008-10-29T03:27:00.000-04:00"Nice try there, sparky"Oh, and I forgot to mentio..."Nice try there, sparky"<BR/><BR/>Oh, and I forgot to mention: when it comes to convincing people of your position, being snotty is a very poor substitute for knowing what you're talking about. Better luck next time.<BR/><BR/>-jcrjcrhttps://www.blogger.com/profile/07013638886217607372noreply@blogger.comtag:blogger.com,1999:blog-5050620890310827676.post-31765580068690341682008-10-29T03:15:00.000-04:002008-10-29T03:15:00.000-04:00" Next time, do a little more reading."That's good..." Next time, do a little more reading."<BR/><BR/>That's good advice, and you should follow it. If you read my comment closely, you may discover that I laid the blame at the feet of the Federal Reserve. The Real Estate bubble is merely the latest and the largest of the symptoms caused by the Fed's furious rate of inflation under Bernanke and Greenspan before him. <BR/><BR/>If you would care to move beyond your own Keyensian ignorance, I recommend <I>America's Great Depression</I> by Murray Rothbard, and <I>Human Action</I>, by Ludwig Von Mises.<BR/><BR/>-jcrjcrhttps://www.blogger.com/profile/07013638886217607372noreply@blogger.comtag:blogger.com,1999:blog-5050620890310827676.post-382670201869598292008-10-28T22:45:00.000-04:002008-10-28T22:45:00.000-04:00To jcr, who commented at 8:01pm:Wow, congratulatio...To jcr, who commented at 8:01pm:<BR/><BR/>Wow, congratulations! You just showed about 7000% more understanding of economics than John McCainarthy! And you're still wrong! The housing bubble wasn't the problem - it wasn't in itself big enough to bring down the economy. If you really want to oversimplify, then it's the Credit Default Swaps that have really gotten us into trouble.<BR/><BR/>Nice try there, sparky. Next time, do a little more reading.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5050620890310827676.post-84356312406193482042008-10-28T21:06:00.000-04:002008-10-28T21:06:00.000-04:00"No...it's your fault because Goopers continue to ..."No...it's your fault because Goopers continue to insist that THIS time, trickle-down economics will work. I have news for you, chief...it didn't work in the 80's with Reagan, it didn't work with Dubya's daddy, and it didn't work with Dubya. But we're supposed to believe that this time, under John McCain, it will work??? Please!"<BR/><BR/>If you want to see how hardcore socialism works visit Cuba, Venezuela for a start and tell if their "poor" people are doing better than ours? Fact is, our poor are better than the middle class of MANY nations. And since you're mentioning Republicans and the poor, and I'm assuming homeless are included, you might want to know that a nonpartisan homeless advocates group found that homelessness increased under Clinton, it just wasn't mentioned by the main stream press...and by you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5050620890310827676.post-1215411380747667022008-10-28T20:01:00.000-04:002008-10-28T20:01:00.000-04:00To the anonymous coward who commented at 2:59:Firs...To the anonymous coward who commented at 2:59:<BR/><BR/>First, the author didn't mention McCain, nor did he mention Reagan's "trickle down" rhetoric, so you're a bit short on stuffing for your straw man. Not everyone who opposes Obama supports McCain.<BR/><BR/>Secondly, the financial crisis we face today is not a failure of the markets, and in fact the markets would quickly remedy the problems if the government would quit trying to prop up the overpriced assets. This is the same mistake that Hoover and Roosevelt made, and it's why the crash of 1929 became a depression that lasted until 1946.<BR/><BR/>Thirdly, the cause of the crash itself was a failure of central planning. The Federal Reserve is no more competent to set interest rates than the bureaucrats of the Soviet Union were to set production quotas in their five-year plans. Central planning didn't work for the Soviets, and it doesn't work for us.<BR/><BR/>By providing a bottomless pit of credit at negligible interest rates, the Fed made the real estate bubble possible. That bubble has now burst, and every effort of government to hold back the necessary liquidation of malinvestment can only make the problems worse.jcrhttps://www.blogger.com/profile/07013638886217607372noreply@blogger.comtag:blogger.com,1999:blog-5050620890310827676.post-13447670672405085942008-10-28T14:59:00.000-04:002008-10-28T14:59:00.000-04:00No...it's your fault because Goopers continue to i...No...it's your fault because Goopers continue to insist that THIS time, trickle-down economics will work. I have news for you, chief...it didn't work in the 80's with Reagan, it didn't work with Dubya's daddy, and it didn't work with Dubya. But we're supposed to believe that this time, under John McCain, it will work??? Please!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5050620890310827676.post-67651505462164324962008-10-28T14:23:00.000-04:002008-10-28T14:23:00.000-04:00It's "lose" not "loose"Why is it that every ijit o...It's "lose" not "loose"<BR/><BR/>Why is it that every ijit on teh internetz can't spell?Anonymousnoreply@blogger.com