If budget cuts will cost jobs, will maintaining current spending save them?

Will maintaining current federal spending save jobs?

  • Yes

    Votes: 0 0.0%

  • No

    Votes: 2 100.0%

  • No way to tell

    Votes: 0 0.0%
  • Total voters
    2
Damn Yankee said:
Dune. Why do you think we had an economic crisis in 2008?
Click to expand...

Greenspan knew those "investments" or financial instruments were bogus, however, his philosophy was when enough people lost enough money others would stop investing and the "invisible hand" of the marketplace would take over.

The problem was too many people jumped into the game and that's why we heard them lamenting "too big to fail". Simply stated the "invisible hand" was invisible for too long.

Greenspan's philosophy was shown to be the garbage it truly was. He made a career out of being wrong and others in positions of power followed along. Capitalism at it's finest.
 
it would have/could have been contained to the used car salesman who put on ties and posed as bankers (now known as banksters) selling shitty mortgages and insurance against thier default.
The hype about spreading is fear mongering and it was gobbled up like George Michael meeting a republican congressman in a public restroom.
 
apple0154 said:
Greenspan knew those "investments" or financial instruments were bogus, however, his philosophy was when enough people lost enough money others would stop investing and the "invisible hand" of the marketplace would take over.

The problem was too many people jumped into the game and that's why we heard them lamenting "too big to fail". Simply stated the "invisible hand" was invisible for too long.

Greenspan's philosophy was shown to be the garbage it truly was. He made a career out of being wrong and others in positions of power followed along. Capitalism at it's finest.
Click to expand...

You're assuming that the free market was in effect, which is bogus, therefore the rest of your theory is also bogus.
 
You must log in or register to reply here.
Back
Top