General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forumspoll: Why don't more people realize GOP policies created the Trickle Down Deregulation Disaster?
if interested in participating or see possible answers, go to:
http://www.wepolls.com/p/6836220/Why-dont-more-people-realize-that-the-GOP-candidates-will-create-another-Trickle-Down-Deregulation-Disaster
Bill USA
(6,436 posts)zappaman
(20,627 posts)Nice try though...
elleng
(141,926 posts)Recoverin_Republican
(218 posts)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)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)No chance of THAT; not MY way of conversing!
Was a regulator, and observed directly adverse effects of deregulation.
JohnWxy
(6,506 posts)(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)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)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)the media? ..... I'm curious. Can you fill us in?..... psychics?
JohnWxy
(6,506 posts)"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).
orpupilofnature57
(15,472 posts)Yavin4
(37,182 posts)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.
Turbineguy
(40,077 posts)have had all their assets transferred up the heap.
mazzarro
(3,450 posts)I will not be going back to that site any more!
zappaman
(20,627 posts)and every poll question being about how great Ron Paul is, shows what kind of website it is...
valerief
(53,235 posts)TheKentuckian
(26,314 posts)them.
There is no opposition to their basic ideology and the corporate media works to support it as well.