Obama on the Crisis on the Stock Market: I wouldn't have let it happen the FIRST TIME

[SoonerPride]

Republicans always leave economic destruction in their wake.

Deregulate the stock market? Crash of '29
Deregulate the savings and loans? Collapse of the 80s.
Deregulate the housing market? Crash of 2008.

The republicans are fiscally irresponsible and always destroy the economy.

Elect Democrats if you want fiscal responsiblity.

McCain says he wouldn't let it happen AGAIN.
I say I wouldn't have let it happen AT ALL.

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Can we get these words to the campaign, please?

[An Intellectual]

1. The crach of 1929 was caused by another Republican policy, but it wasn't the one you mentioned...

...was caused by the government inflating the economy with way too much credit without actually owning that money! In other words, it spent and spent and spent but didn't tax, and eventually the bubble burst.

Republicans have a knee-jerk opposition to raising taxes, especially on their rich racist supporters, and an odd, outdated obsession with "ownership".

[blondeatlast]

2. And just what are the republicans doing now? Whatever caused it, it's on a republican watch.

And right now, they are spending, spending, spending, spending--and hefting any tax burden on the middle-class.

[An Intellectual]

4. Exactly!

They know what they're doing but they don't care; they're going to make it through this just fine. :mad:

[SoonerPride]

5. I remember the stories of how Bush senior went to school in a limo during the depression

The Prescott Bushes survived the Depression just fine thank you.

And these self-same policies won't affect the in the least.

They have tons of money and a "market correction" is a minor hiccup to them.

Meanwhile, millions lose homes and all their savings.

And to think these fools want to convert social security into stocks.

Fucking lunatics.

[BadgerKid]

3. Dot.com crash of 2000's also due to too much credit - Greenie failed

to raise the margin requirement and stock market speculation flourished.