Aug 12, 2010 6:37 AM GMT
It's popcorn time.
wrestlervic saidIt's because we don't have enough new affortable toys and gadgets to buy. Bring electric cars to $15,000, iPads and tablets to $99-$129, and 3D TVs (without glasses) to $299 and you will see an AMAZING jump in the economy.
You know I'm right.
southbeach1500 saidI saw Stockman interview by Larry Kudlow a few days after the piece was published and Stockman actually backed off a bit on what he had written.
Something just doesn't seem right with that guy....
I know that this is not going to be the popular response. If David Stockman is suddenly seen as the herald of truth and a man with wisdom then you have to read one sentence in the article.
“Yes, Stockman is equally damning of the Democrats' Keynesian policies “
He is right. The GOP has strayed- they are a much responsible as anybody else for the financial mess. They are not the party of restraint in spending. The problem with using this article (or David Stockman) to attack conservatives is that the man is every bit as critical of Keynesian policies and democrats. No point in explaining it as google is everybody's friend- but if you look it up you will notice that both the Democrats and the Republicans seem to be using the same economic play book.
Basically, I think he is correct... the problem is that he is correct when it comes to both parties. Once again I really think that this party politics has blinded many people to economic truth. People read the article and rejoice because this man is rightfully slamming the GOP but want to remain blind to his views which disagree with those of the party they support...
If you think it is just fiction you may want to ask yourself who will be paying the billions in losses that Freddie and Fannie posted this week and the loses that they are still expecting in the future? If you search there are also more stories of the treasury department buying up bad debt from the last week...
Nonetheless, he barely mentions the Democrats in his op-ed piece (which hasn't been linked here so here ya go):
Very true. I think the reason may be that he believes that he may hold some sway over Republicans- that they may sit up and take notice. Not much of a story if the headline read "former Republican US representative slams the economic policies of the democrats." That is more of a dog bites man story where him questioning and critiquing the policies of the GOP is a little more of a man bites dog story. I am not saying he is wrong in his assessment- I am simply saying that he is correct in his assessment of both parties.
I suppose what I am trying to say is that he may be trying to wake people up and being as most Democrats write off his criticisms against their parties economic policies he is target those who may pay attention to him (although from the responses that I have read it would appear that Democrats pay plenty of attention to him as well so long as he is criticizing the policies of the GOP)
I'll bite...GQjock said
Fannie and Freddie - Freddie and Fannie
You sound like some trained gay parrot ..... can't you see that those two are just PART of a disastrous economic policy that is just playing itself out right now?
Tax cuts .... Corporate Welfare .... Deregulation for more than 30 years
If you read my response prior to that you would have picked out sentences such as “but if you look it up you will notice that both the Democrats and the Republicans seem to be using the same economic play book. “ I really don't give a rats rear about Freddie and Fannie- they are just small problems in the overall picture- it was just a couple of things from yesterdays news that tied in with the cartoon that was posted. I appreciated that it was Freddie and Fannie only because they are the best model for private profit and public loss. I love their stories and how they are tied to the government without being tied to the government. It was only luck that their asking for a few billion fell on the same day as that cartoon popped into my head as something to post. I think they are asking for a total of 3 billion for now- it will not break the US- but the overall policies will. I am non-partisan in my assessment of the US economy and both parties have been taking steps towards ruining it for decades.
Haven't been here long enough to know which way you swing (politically) but I suspect that if what you posted reflects your true feelings we may agree on the direction the U.S economy is heading. The difference may be that I don't hold out hope that either party will fix it (or at this point in the game could fix it even if they tried.)
On a side note- that is the first time I have been compared to a gay parrot...