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No mention of housing bubble in those articles?
Go figure.
Maybe Stockman, like Greenspan, actually sees what a job his govt service contributed to America's decline, and the deep, long-term pain to Americans.
They are both tools of the disastrous Movement Conservatism class war, where the sacred "free market" solves all problems, always give best possible outcomes, that deregulation is wonderful, that tax cuts pay for themselves, and the lie "government is the problem".
No mention of housing bubble in those articles?
Go figure.
This approach has not simply made a mockery of traditional party ideals. It has also led to the serial financial bubbles and Wall Street depredations that have crippled our economy.
Darrin didn't read the article?
Go figure.
My bad, I specifically searched for "housing bubble".
Do you think the GSEs, Fanny Mae and Freddy Mac, contributed to the housing bubble?
I think they played a part. How big of a part is debatable.
That said, it's unrelated to what Stockman's main criticism is.
When you really think about it, we need another round of stimulus for American made automobiles & motorcycles purchases….In CA there is a 9.75% sales tax plus DMV fees for new car & motorcycle purchases….What is needed is more taxation from states like Texas & Florida to help off set the cost of new vehicles purchases for states like California…This will get the economy moving…
We also have a serious problem with state workers pensions…Our teachers, fireman, policeman, city counsel workers are en le to a retirement pension after just 20 years service…Most of them immediately go to work in the same field & collect a second pension…The politicians are able to collect three pensions for lateral moves…Now California is broke…
We need to raise taxes in states like Texas who have been fiscally conservative to bail us Californians out…We are all in this together folks…There is no Democrat or Republican when it comes to financial shortfalls…
I tend to agree with Stockman but IMHO Democrats and Republicans share the blame equally and will share the pain equally.
You can't be serious.
That would be the one criticism of Stockman's piece that is more than fair. It's not all on the republicans. The democrats have been willing accomplices to the whole thing.
These days you don't get printed unless you're taking one side or the other. "Our politicians destroyed the economy" doesn't get published... certainly doesn't inspire a lot of talk radio or blog discussion.
Also true.
I will tell you how serious I am…I was recently in contact with my local Ford dealer regarding a new car purchase…The dealer did their part & offered me a fair trade in on my old car…Ford did their part & offered $3,500 in Ford dollars for taking delivery of a 2010 vehicle on dealer lot…My employer did their part & got me on the Ford x-plan pricing, which gave me an additional discount…Then I ran the numbers by my tax accountant who informed me that I would not be able to write off the $3,500 dollars in sales tax & DMV fees because that program expired in 2009…
This is B.S. & a deal breaker…I am en led to write off the tax & DMV fees for the purchase of an American car…Until this stimulus program is re activated I will not purchase a new vehicle…States that don’t have these exorbitant fees should be required to subsidize states that do…It is only fair, we are all in this together…
Just like for the lies told and pushed hard for by Repugs/neo-c*nts in the run up to the Iraq war-for-oil, the Dems were at best passive, and finally accomplices in that crime (Magic Negro notably excepted).
If the Repugs hadn't pushed for the Iraq invasion (or if Gore had won), there wouldn't have been $3T and 1000s of lives wasted in Iraq.
Same with tax-cutting for the wealthy and deregulation/non-enforcment of just about everything. VRWC/Movement Conservatives/Repugs have been pushing their "govt-is-the -problem, strangle-it" strategy for 35 years. The Dems bought the Repub bull , but the Repugs created the bull . No Repugs, then no bull to buy.
If banks and non-bank lenders hadn't WILLFULLY (stick that CRA lie up your asses) written bad loans, then F&F/taxpayers wouldn't now be on the hook for having bought that toxic crap.
mmmm...maybe states that have these "exorbitant" fees should drop em?
Croutons, It cracks me up how you constantly absolve F&F of any guilt.
THEY are the ones that wrote the lending guidelines. When you tell mortgage brokers you don't require proof of income to make loans then thats's the guidelines they follow.
Teysha, he's trolling you.
I don't think he's removing blame from the Democrats. As a Republican who thinks his party is better, he's just calling out the contemporary version of it for being no different than Democrats.
I thought Texas being 'fiscally conservative' was kind of a myth? I mean, I'm sure they do better than Cali (who doesn't?), but they received more federal aid than almost any other state during Bush Jr's presidency and I believe they still have a budget deficit?
As usual, the fact that you believe it doesn't make it true. Texas was in the bottom half.
Fiscal conservatism waxes and wanes here in Texas. In the end, we have a largely clueless legislature that often mimics the nonsense in DC.
My Ford story is 100% true...I will not be buyig a new car this year due to the fact that I can't write off sales tax & DMV fees...
Buy in Oregon. 0 sales tax.
If you look at it per capita. Looking at actual amount disbursed by the federal government, Texas ranked consistently 3rd behind California and New York.
Numbers don't lie: http://www.census.gov/prod/www/abs/fas.html
i just got through looking at the exact same thing.
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