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poll: Why don't more people realize GOP policies created the Trickle Down Deregulation Disaster? (Original Post) JohnWxy Dec 2011 OP
I went, I saw, I voted. recommended. Bill USA Dec 2011 #1
Looks like RON PAUL bullshit to me. zappaman Dec 2011 #2
B.S. poll; useless. elleng Dec 2011 #3
some answers are humorous, do you object to the first answer? Recoverin_Republican Dec 2011 #7
your objection to the polls question and premise is noted. I am happy to expand upon how the GOP JohnWxy Dec 2011 #12
HaHa, JohnWxy! elleng Dec 2011 #13
then your comment (no. 3) was utter nonsense. Ha-ha. of course your response was so quick JohnWxy Dec 2011 #14
NO THANKS for your snark. elleng Dec 2011 #15
reasonable as in your opinion. You think answer no. 1 is 'not reasonable'? JohnWxy Dec 2011 #16
I'm interested, where else do most people get most of their information about the world, other than JohnWxy Dec 2011 #17
my "snark"? oh, you mean the hypothetical response I offered as of a kind to your's at no. 3 JohnWxy Dec 2011 #18
Thats why we should hold MSM in contempt of the Truth. orpupilofnature57 Dec 2011 #4
The American People Are Full of Economic Anxiety Yavin4 Dec 2011 #5
Because not enough people Turbineguy Dec 2011 #6
Site seems to be a favorite of rethugs/retards mazzarro Dec 2011 #8
yes, the word "dimocrats" zappaman Dec 2011 #9
Because of the GOP Media. nt valerief Dec 2011 #10
Because we don't call them out or refute their failed policies and too often emulate and assimilate TheKentuckian Dec 2011 #11
7. some answers are humorous, do you object to the first answer?
Wed Dec 28, 2011, 09:32 PM
Dec 2011

do you 'feel' for the GOP?

Poll question: "Why don't more people realize that the GOP candidates will create another Trickle Down Deregulation Disaster?"

answers:

1. Because Corporate media have not told viewers that GOP policies created the Trickle Down Deregulation Disaster.

2. Many people think they deserve to be conned out of their livelihoods by the GOP.

3. Most people don't understand why anything happens because they are only interested in football or American Idol.

4. Because most people listen to late night talk-shows for information and thus have no idea what's going on.

JohnWxy

(6,506 posts)
12. your objection to the polls question and premise is noted. I am happy to expand upon how the GOP
Thu Dec 29, 2011, 08:01 PM
Dec 2011

created the TRICKLE DOWN - DEREGULATION DISASTER - to show that your comment about the poll is without merit.

GOP policies of lowering tax burden on the highest income earners and increasing it on the middle class lead to inadequate aggregate demand for the goods and services that companies wanted to sell. This produced fewer companies experiencing growing sales and net incomes which lead to moribund job growth. In fact, from 2000 - 2009 there was ZERO NET JOB GROWTH see: The Aughts, the lost decade for american economy and workers - Washington Post link

Then there is the GOPer hostility towards regulation of business activities. Phil Gramm sneaked in the Commodities Futures Modernization act (CFMA) as a rider to the 11,000 page Omnibus Funding bill in the last few days of the Clinton Presidency and the last few days of that congressional session. Noboby even knew the CFMA was in the veto proof funding legislation. The CFMA was the legislation that enabled banks to trade in Credit Default Swaps - WITHOUT ANY MONITORING OR REGULATION. This bill also contained the infamous ENRON LOOP-HOLE which enabled Enron to trade in energy futures electronically (no exchanges, no regulation). This is what enabled ENRON to rip-off California citizens in Billions of dollars in over-charges and which also lead to Enron's eventual collapse leaving thousands of employees without anything in their retirement plans.

But let's get back to banks and the unregulated trading in CDSs.-------- It was the CDSs that made high rate of return (read- riskier) sub-prime mortgages so popular because banks sold them to institutional investors with the Collalerized Debt Obligations (CDO) (bundled sub-prime loans) telling the investors the CDSs would insure them against loss due to default of the CDO. This created an enormous demand for more higher rate sub-Prime Mortgages (higher rates of return with 'NO' risk - "Oh boy!" ) which the predatory lenders were only too glad to provide. Since the predatory lenders were going 'flip' the mortgages they couldn't care less whether the people they hooked on the mortgages could make the payments or not.

NOw when people started raising concerns about the amount of predatory lending, Alan "Mr. Magoo" Greenspan said: "The market will police itself". When 50 States' attorneys General tried to rein in predatory lenders using consumer protection laws the Bush administration went to court and stopped them! (see: Predatory Lenders Partner in Crime - http://www.washingtonpost.com/wp-dyn/content/article/2008/02/13/AR2008021302783.html

Needless to say, soon enough investors - and even banks began to realize that the CDOs were worthless, and when everybody went to AIG to get paid on the CDSs AIG sold them - AIG Special Products collapsed and the Great Trickle Down Deregulation disaster was underway.

So that is, in very brief form, how GOP policies produced the greatest economic calamity this country has seen since the Great Depression.

[font size="3"] Now aren't you glad I didn't answer your comment in kind and just say something like: "You don't no you ass from a hole in the ground."[/font]

For more on how the GOP created the Trickle Down Deregulation Disaster see: http://howdidthishappen.org/blame/

elleng

(141,926 posts)
13. HaHa, JohnWxy!
Thu Dec 29, 2011, 08:04 PM
Dec 2011

No chance of THAT; not MY way of conversing!
Was a regulator, and observed directly adverse effects of deregulation.

JohnWxy

(6,506 posts)
14. then your comment (no. 3) was utter nonsense. Ha-ha. of course your response was so quick
Thu Dec 29, 2011, 08:17 PM
Dec 2011

(surprised me!) that one must wonder if you actually read it (my cmnt 12). But then if you are not constrained by the requirement to make any sense - who cares???

elleng

(141,926 posts)
15. NO THANKS for your snark.
Thu Dec 29, 2011, 08:19 PM
Dec 2011

The poll is nonsense because of the lack of reasonable choices. Blame the media for lack of understanding of failure of trickle down does not do it, imo.

JohnWxy

(6,506 posts)
16. reasonable as in your opinion. You think answer no. 1 is 'not reasonable'?
Thu Dec 29, 2011, 08:29 PM
Dec 2011

answer no. 1: "Because Corporate media have not told viewers that GOP policies created the Trickle Down Deregulation Disaster."

... I would be interested to hear what you would consider some reasonable choices (did you not understand that some of the choices were obvously meant as frivolous?). this is a chance to say something sensible - which might contribute to the discussion of the issue - -- if you are so inclined.





JohnWxy

(6,506 posts)
17. I'm interested, where else do most people get most of their information about the world, other than
Thu Dec 29, 2011, 08:32 PM
Dec 2011

the media? ..... I'm curious. Can you fill us in?..... psychics?

JohnWxy

(6,506 posts)
18. my "snark"? oh, you mean the hypothetical response I offered as of a kind to your's at no. 3
Thu Dec 29, 2011, 08:37 PM
Dec 2011


"B.S. poll; useless." --"not MY way of conversing!" - really? .... is this not snark? (some might just call it ignorant ... but that would just please the ignorant).

 

Yavin4

(37,182 posts)
5. The American People Are Full of Economic Anxiety
Wed Dec 28, 2011, 09:22 PM
Dec 2011

They're scared, and when some folks are scared, they will listen to the person that tells them that they will relieve their economic anxiety.

mazzarro

(3,450 posts)
8. Site seems to be a favorite of rethugs/retards
Wed Dec 28, 2011, 09:36 PM
Dec 2011

I will not be going back to that site any more!

zappaman

(20,627 posts)
9. yes, the word "dimocrats"
Wed Dec 28, 2011, 09:41 PM
Dec 2011

and every poll question being about how great Ron Paul is, shows what kind of website it is...

 

TheKentuckian

(26,314 posts)
11. Because we don't call them out or refute their failed policies and too often emulate and assimilate
Wed Dec 28, 2011, 09:55 PM
Dec 2011

them.

There is no opposition to their basic ideology and the corporate media works to support it as well.

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