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"Supply side economics" is working out great

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SHRED Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 11:45 PM
Original message
"Supply side economics" is working out great
They supply themselves hefty private profits followed by disaster.
We supply their bailout.

:sarcasm:
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curious one Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 11:53 PM
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1. So they took the money knowing they will get more from taxpayers.
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cliffordu Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 11:59 PM
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2. WIRE FRAUD
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underpants Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 12:03 AM
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3. That phrase actually came from Nixom making fun of those people's lack of understanding/simplicity
but then it was never really meant as anything other than a political ploy
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FKA MNChimpH8R Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 12:52 AM
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4. We supply the funds; the looters take the profits
when they should be dancing at the ends of ropes.

The late, great John Kenneth Galbraith called this "horse and sparrow economics." He explained the theory as resting on the belief that if you gorged the horse at one end, enough might eventually pass through to feed the sparrow at the horse's other end. Best analogy ever.
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endthewar Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 01:09 AM
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5. What's to stop them from risky financial bets in the future?
After all, the tax payer will be there to make it all better.
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FKA MNChimpH8R Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 01:57 AM
Response to Reply #5
6. There is one constant in the history of laissez faire capitalism.
A catastrophic meltdown occurs once in every generation since the days of the Tulip Panic. Why was FDR the only president to successfully point this out and take steps to prevent the inevitable presence of greed, which in a sane world? One might expect "Christianists" to
This is a country where the moron majority holds the decisive voice. That really sucked for people with functioning brains...and for them it is time to leave.
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