Get rich quick / make the economy all better NOW mentality!

Jarod

Jarod

Well-known member
Contributor
The same people who were riding the get rich quick mentality of the last 10 years and caused this economic crash are now screaming about why the economy is not all better yet...


These things take time. Getting rich takes time, correcting years of failed policy takes time, turning the Titanic around takes time...

WE need to relax into a more wholesome steady approach to working our way out of this mess.

It will take years of hard work, you cant expect to have bad times for a year or so then everything will be better... REcovery's take years of hard work. Stick with it.


Bush created the Iraq mess then the republicans stayed with him and his stay the coarse chant...

Bush created the economic mess and now the Republicans are dying to go back to the old ways a fourth of the way into the recovery.

UGH!!!!!!!!!!!!!
 
Are you really trying to claim a 'get rich mentality' just started in the last ten years? Have you spent most of your life outside of America?
 
Jarod said:
The same people who were riding the get rich quick mentality of the last 10 years and caused this economic crash are now screaming about why the economy is not all better yet...


These things take time. Getting rich takes time, correcting years of failed policy takes time, turning the Titanic around takes time...

WE need to relax into a more wholesome steady approach to working our way out of this mess.

It will take years of hard work, you cant expect to have bad times for a year or so then everything will be better... REcovery's take years of hard work. Stick with it.


Bush created the Iraq mess then the republicans stayed with him and his stay the coarse chant...

Bush created the economic mess and now the Republicans are dying to go back to the old ways a fourth of the way into the recovery.

UGH!!!!!!!!!!!!!
Click to expand...

for sh*ts and giggles how Bush create the financial mess?
 
Jarod said:
The same people who were riding the get rich quick mentality of the last 10 years and caused this economic crash are now screaming about why the economy is not all better yet...


These things take time. Getting rich takes time, correcting years of failed policy takes time, turning the Titanic around takes time...

WE need to relax into a more wholesome steady approach to working our way out of this mess.

It will take years of hard work, you cant expect to have bad times for a year or so then everything will be better... REcovery's take years of hard work. Stick with it.


Bush created the Iraq mess then the republicans stayed with him and his stay the coarse chant...

Bush created the economic mess and now the Republicans are dying to go back to the old ways a fourth of the way into the recovery.

UGH!!!!!!!!!!!!!
Click to expand...

aren't you on the other bandwagon blaming 30 years of failed policies?
 
cawacko said:
for sh*ts and giggles how Bush create the financial mess?
Click to expand...

Primarly by cutting taxes at the same time as going into a massive and expensive war.

Also by supporting the relaxation of regulations on big business and by not regulating these businesses.
 
cawacko said:
"The same people who were riding the get rich quick mentality of the last 10 years"

Ok, what does that mean then?
Click to expand...

THat does not mean that we have only had "get rich quick mentality" around for 10 years. You should study logic...
 
Jarod said:
THat does not mean that we have only had "get rich quick mentality" around for 10 years. You should study logic...
Click to expand...

Ok, did only some people have a get rich mentality in the last ten years? Was this get rich mentality any different than the '80's 'Decade of Greed' or the '90's 'let's value companies with no revenues at billions of dollars'?
 
cawacko said:
Ok, did only some people have a get rich mentality in the last ten years? Was this get rich mentality any different than the '80's 'Decade of Greed' or the '90's 'let's value companies with no revenues at billions of dollars'?
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I belive it had different followers and different cherastics. It became more mainstreem and was supported by the mainstreem. In the 80's people were not taking money out of there houses and putting it into new Masiratti's like they were in the last 10 years, for example.

Its clearly the 10 years that led to this disaster.
 
Jarod said:
I belive it had different followers and different cherastics. It became more mainstreem and was supported by the mainstreem. In the 80's people were not taking money out of there houses and putting it into new Masiratti's like they were in the last 10 years, for example.

Its clearly the 10 years that led to this disaster.
Click to expand...

Well you are just being a very narrow minded partisan hack now if you think our economy exists in such a bubble that we can neatly break it down into Presidential pockets with no overlap. Congrats, you've reached Desh's level of economic understanding.
 
cawacko said:
Well you are just being a very narrow minded partisan hack now if you think our economy exists in such a bubble that we can neatly break it down into Presidential pockets with no overlap. Congrats, you've reached Desh's level of economic understanding.
Click to expand...

I never said that, thats one reason I said 10 years and not 8 or 9....
 
Let me just give you a couple of examples Jarod to show you the world doesn't exist in a vacuum.

1) The housing bubble - do you think the issue with the government and housing and interest rates started on Jan 20, 2001?

2) Wall St firms - As Michael Lewis said things changed in the '80's when Solomon became the first big bank to go public. Once others did to and they were using OPM instead of their own money they had no problem using execessive leverage like they did.

3) The Repeal of Glass-Steagal occurred in the '90's. Do you think that had no effect in the 2000's?
 
cawacko said:
Let me just give you a couple of examples Jarod to show you the world doesn't exist in a vacuum.

1) The housing bubble - do you think the issue with the government and housing and interest rates started on Jan 20, 2001?

2) Wall St firms - As Michael Lewis said things changed in the '80's when Solomon became the first big bank to go public. Once others did to and they were using OPM instead of their own money they had no problem using execessive leverage like they did.

3) The Repeal of Glass-Steagal occurred in the '90's. Do you think that had no effect in the 2000's?
Click to expand...

1) No I do not.
2) true.
3) It did, but that does not change that the greed of the last 10 years was different than the greed of the 10 years prior.
 
Bullshit, recoveries are usually pretty quick and Obama has done nothing but delay this one. He is repeating many of the mistakes that Hoover and FDR made, but I don't think he will do as much damage as they did.

It's not the get rich quick mentality, but the bubble blowing of the fed that is to blame. These bubbles create misinformation. The housing prices skyrocketed and people believed they were richer, when that was just on paper.
 
RStringfield said:
Bullshit, recoveries are usually pretty quick and Obama has done nothing but delay this one. He is repeating many of the mistakes that Hoover and FDR made, but I don't think he will do as much damage as they did.

It's not the get rich quick mentality, but the bubble blowing of the fed that is to blame. These bubbles create misinformation. The housing prices skyrocketed and people believed they were richer, when that was just on paper.
Click to expand...

FDR presided over a great and sustained recovery!
 
RStringfield said:
Bullshit, recoveries are usually pretty quick and Obama has done nothing but delay this one. He is repeating many of the mistakes that Hoover and FDR made, but I don't think he will do as much damage as they did.

It's not the get rich quick mentality, but the bubble blowing of the fed that is to blame. These bubbles create misinformation. The housing prices skyrocketed and people believed they were richer, when that was just on paper.
Click to expand...

The whole stock market is an illusion. People feel rich when Their "Portfolio" is "valuable". Everyone walks around feeling secure, but the truth is the moment some of them tried to take siginificant money off the table, all the prices would crash. People feel rich from the fictive growth of numbers in a computer, while someone else is doing shit with all the money. It's all a scam.
 
LOFL, I like Jarod cause turbo-libs are for personal freedom.
That said, anybody taking economic advice from him should be shot.

More companies got into trouble under Clinton than Bush. And I agree with the sentement that leave the recession alone and we'll come out faster. Even if it went WAY DEEPER. The fucking uncertainty of Obama attacking every business that moves is hampering trillions of dollars being invested. And that's from an Obama fan.
 
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