cawacko
Well-known member
Desh, what deregulation was passed during the Bush years that caused this whole mess? We already know they passed Sarbenes-Oxley which added all kinds of NEW regulations. What deregulation was passed?
dems vs reps
- Thread starter Don Quixote
- Start date
Desh, what deregulation was passed during the Bush years that caused this whole mess? We already know they passed Sarbenes-Oxley which added all kinds of NEW regulations. What deregulation was passed?
cawacko
Well-known member
And assuming you don't believe Afghanistan was a needless war what policies were passed as a result of the Iraq War that you feel led to this financial meltdown?
it was not the amount of deregulation but the studied lack of oversight by bushco
the iraq war never should have happened and led to an immediate out of pocket over $1,000,000,000,000.00 with a commitment of over $2,000,000,000,000.00 to take care of the troops, restore expended equipment and cleaning up the mess - if we had left iraq alone and concentrated on afghanistan maybe we would not have had such a resurgence of the taliban and strenghtening of al qaeda
now we have a mess in afghanistan to clean up
cawacko
Well-known member
the iraq war never should have happened and led to an immediate out of pocket over $1,000,000,000,000.00 with a commitment of over $2,000,000,000,000.00 to take care of the troops, restore expended equipment and cleaning up the mess - if we had left iraq alone and concentrated on afghanistan maybe we would not have had such a resurgence of the taliban and strenghtening of al qaeda
now we have a mess in afghanistan to clean up
Ok, and please tell me how that led to the housing crisis and financial meltdown which is what I asked.
cawacko
Well-known member
Did I misread what Desh said? Did she not say DEREGULATION? Hence the question. Don't be afraid to call out one of your own DQ.
the greed that led to the meltdown was typical of the dark forces called investment bankers
however, the lack of money that exacerbated the meltdown can be laid at bushco's feet
yep, she said deregulation, but i paraphrased it as lack of oversight
regulations do no good if the regulators look the other way or are asleep...
sorry evince/desh, but bushco/congress did not do more deregulation dejure, but bushco did defacto
Immanuel
Junior Member
i would not say infallible, but perhaps correct more often than the reps
I would say that is all in how you look at them.
I would also say that they are in league with the Reps and just as corrupt as the Reps and they should all be sent home in disgrace for what they have done to this country.
Immie
cawacko
Well-known member
what do you mean lack of money that exacerbated the meltdown? I'm not following you on that.
the dark side investment bankers used most of it up, but part of the problem is the deficit inherited and the money spent already
the wars helped the economy but at a severe cost to the nation
in other words, bushco squandered not only the nation's rep but also its money
how much of our future generations' income has been squandered by the poor policies of bushco
e.g., how much does each household owe for the national debt and how long will this go on before we can balance our budget again and start repaying the national debt
i am not sure i answered your question, i am not well again, i have a tumor on my thyroid and go in to get my throat cut next month to remove it...
ps it appears to be attached to my carotid too