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Wizard
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Wizard
Joined: Oct 14, 2009
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Mission146
October 17th, 2018 at 10:25:04 AM permalink
I haven't heard anyone mention the Tea Party in a long time. Is that still a thing?
It's not whether you win or lose; it's whether or not you had a good bet.
AZDuffman
AZDuffman
Joined: Nov 2, 2009
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Mission146
October 17th, 2018 at 10:25:57 AM permalink
Quote: beachbumbabs

I think this is a shot at Trump's claim he would fill the largest stadium in Texas at a Cruz rally. There are nearby stadiums that seat 60,000-80,000 people. They booked a relatively small venue.



Anyone knows in politics you want a filled room.
All animals are equal, but some are more equal than others
RogerKint
RogerKint
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Mission146
October 17th, 2018 at 10:26:41 AM permalink
Quote: beachbumbabs

Yeah, gotta stop having fish for lunch. :D

For one example, Glass-Steagall, which passed in 1933, separating banking and investment services, was introduced by a Democratic Senator and Congressman. However, it passed the House 262-19, and the Senate by floor acclimation. More than a few Republicans there. It was a strong and drastic response to irresponsible and unregulated banking practices that caused the Great Depression.

It was repealed in 1998, after working for all those years. Took less than 10 years to cause the housing crisis and the 2007-2008 recession, where again the crash of our economy traces directly back to bad banking and investment policies. Biggest recession since 1930s, no controls on basic monetary policy. Big surprise, not.

https://en.m.wikipedia.org/wiki/1933_Banking_Act



LOL the fact that we had a federal reserve artificially controlling interest rates had nothing to do with it. What a joke.
100% risk of ruin
beachbumbabs
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beachbumbabs
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Mission146
October 17th, 2018 at 10:26:56 AM permalink
Quote: RogerKint

So as government grows regulation also grows, competition decreases and that means less value for the customer?

The obvious failure of our government's space program isn't proof the earth is flat buttttttt I think it's another nail in the coffin for the hard Left ;)



The space program didn't fail the government. The government failed the space program, by starving it.

Every dollar we spent on the space program has been returned to us 7x (maybe more by now, that number is about a decade old). Look it up.
If the House lost every hand, they wouldn't deal the game.
RogerKint
RogerKint
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Mission146
October 17th, 2018 at 10:30:34 AM permalink
Wow if that's true then government must be really inept. Can you imagine getting a 700% rebate in a casino? And then you just leave? LOL. Or, you start a hedge fund make a 700% return and your investors are like "nah this is too good, I'm done". You can't make this stuff up!!!!

For the reader: NASA's daily budget is around 50 million dollars PER DAY. You better believe it's a globe and it's totally warming.
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VCUSkyhawk
VCUSkyhawk
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Mission146
October 17th, 2018 at 10:32:21 AM permalink
Quote: Wizard

I haven't heard anyone mention the Tea Party in a long time. Is that still a thing?



Not really. No more than "the resistance" will be a thing once the democrats get back power. They want to limit the power of the presidency when they don't have power and justify it when they do. A perfect example was DACA.

Anyways, I am over here like, yes we DO need to curb the power of the president no matter who is in control.
I got a plan, we take all your picks we reverse them like one of those twilight zone episodes where everything is the opposite. You say "black" we go white.
beachbumbabs
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beachbumbabs
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Mission146
October 17th, 2018 at 10:34:01 AM permalink
Quote: RogerKint

LOL the fact that we had a federal reserve artificially controlling interest rates had nothing to do with it. What a joke.



It wasn't interest rate caps. It was speculative and risky investments. It was lending mortgages on insane ARMs with balloons and 125% or more LTV HELOCs. It was derivatives that inflated the actual value of the core stock by 4000%. And a hundred other abuses.

People lost their houses by the millions. People lost their pension and retirement funds, their deposits, their savings to predators. Where have you been?
If the House lost every hand, they wouldn't deal the game.
rxwine
rxwine
Joined: Feb 28, 2010
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Mission146
October 17th, 2018 at 10:35:36 AM permalink
Quote: VCUSkyhawk

I do not believe it is un-American to want to minimize your tax burden by any and all legal measures. Quite the opposite, I think it is very American.



The entire welfare class is the most American then.
Quasimodo? Does that name ring a bell?
TigerWu
TigerWu
Joined: May 23, 2016
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beachbumbabsMission146
October 17th, 2018 at 10:37:16 AM permalink
Quote: RogerKint

Everything the government has done the free market has done better.



Well, the free market has really screwed the pooch on our health care system, so I'd be willing to let the government take a shot at it. Seems to work in almost every other country on earth.
RogerKint
RogerKint
Joined: Dec 5, 2011
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Mission146
October 17th, 2018 at 10:38:37 AM permalink
Quote: beachbumbabs

It wasn't interest rate caps. It was speculative and risky investments. It was lending mortgages on insane ARMs with balloons and 125% or more LTV HELOCs. It was derivatives that inflated the actual value of the core stock by 4000%. And a hundred other abuses.

People lost their houses by the millions. People lost their pension and retirement funds, their deposits, their savings to predators. Where have you been?



My mom's basement, duh. So when the fed keeps interest rates artificially low creating a bubble in asset prices, that doesn't cause a risky environment for the average Joe? When they raise interest rates and pull the cheap money from underneath the economy causing asset prices to crash, is that great for the average Joe? When banks fail and the gov chooses to bail out some, but not others, is that the capitalism you eloquently explained to Nathan?
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