Financial Crisis Signals the End of Reaganism

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  OakForest09/18/08 Report as spam
  1

  RE: Financial Crisis Signals the End of Reaganism

  BS! Reaganomics did not cause this financial crisis. The Democrats' meddling did. Get your facts straight.

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  OakForest09/18/08 Report as spam
  2

  RE: Financial Crisis Signals the End of Reaganism

  BS! Reaganomics did not cause this financial crisis. Democrat meddling and skimming did. Get your facts straight.

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  bnet@...09/18/08 Report as spam
  3

  RE: Financial Crisis Signals the End of Reaganism

  What a steaming pile of idiotic collectivist
  twaddle. "The birth of market fundamentalism"
  can be traced to the laws of thermodynamics and
  evolution. If you must blame Ronald Reagan for
  those conditions, I'm sure he's blushing with
  bemused humility. Unconstitutional
  interference in the private sector private
  property and finance markets (Fannie and
  Freddie) "overseen" by corrupt Democrat
  politicians (Barney Frank and Chris Dodd)
  combined with politically correct government
  mandates to loan money to people who couldn't
  pay it back and the ridiculous operating
  assumption that a government organization would
  balance "risk" of inflicting debt on taxpayers
  equally with the "risk" of not making their
  multi-million dollar bonus targets.
  
  I see a lot of stupid people with expensive
  degrees, and it makes me want to file a class
  action lawsuit for refund of tuition fees for
  you people.

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  LWeller209/18/08 Report as spam
  4

  RE: Financial Crisis Signals the End of Reaganism

  If Reaganomic-style deregulation did not cause this financial crisis, then SHOW the facts that prove this analysis is wrong. Note that this same analysis and conclusion is being repeated in newspapers, on talk shows, on the radio, etc.
  
  Are they ALL wrong?

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  LWeller209/18/08 Report as spam
  5

  RE: Financial Crisis Signals the End of Reaganism

  Are you forgetting the Savings and Loan scandal caused by deregulation? And the gigantic taxpayer bailout?

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  OakForest09/18/08 Report as spam
  6

  RE: Financial Crisis Signals the End of Reaganism

  Of course it's being repeated, #4. It's what the so-called mainstream media want you to think. Where do you get your news? The alphabet networks, NYT, WaPo, NPR, Chris Matthews, etc.? Do you not know the history of Fannie Mae and Freddie Mac? What Democrat high-rollers benefited the MOST from those 2 cash cows, hmm? Could it be Chris Dodd, Barack The Magic Negro Obama, and John F'n Kerry? Here's the link if you don't believe me:
  
  http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html
  
  Further, it wasn't deregulation that caused the S&L scandal, rather it was greedy people who didn't care who they hurt.

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  socratestried09/18/08 Report as spam
  7

  RE: Financial Crisis Signals the End of Reaganism

  Wow! Leave it to the neocons to try and spin Reaganomics (invented on the back of a cocktail napkin at a bar in DC) into the golden age of our country. The 80's were such a great decade for American's with that awesome national debt and roaring economy. Hey, #6, maybe if you take off the hood and ask your clan buddies to pipe down a sec, maybe you will see it's YOU who are destroying the GOP and MY country. I am ashamed that you consider yourself a Republican, as a matter of fact I think you should leave my country, really. There's no place for people like you at the table here anymore. I hear there are folks in Germany that might give a crap what you think.
  
  
  Signed
  
  A White Texas Veteran of Iraq
  who Works in Investment Banking

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  CreativePragmatist09/18/08 Report as spam
  8

  RE: Financial Crisis Signals the End of Reaganism

  Yeah, the supply-siders have been telling us it's going to trickle down and create wealth but the economic chaos we are living with now is what they made. All while 1-2% of them were sopping up all the gravy.
  
  Sure, it's the Dem's fault, even though the GOP with Phil freakin' Gramm and Tom Delay and clan were running the show and deregulating and privatizing and calling everyone else communists. How dare you even try that argument.

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  NicoleinON09/19/08 Report as spam
  9

  RE: Financial Crisis Signals the End of Reaganism

  It's the attack of the Pod People on BNet! The same Pod People who mindlessly vote Republican over and over again because they've been brainwashed to buy a complete load of ideologogical BS including (but certainly not limited to) the fairy tale of Regulation Is Bad. Children, this sort of regulation will protect YOU, not the big corporations who don't want to adhere to the principles of sound finance (or responsible environmental policies, or sensible sex education/birth control policies, whatever).
  
  Grow UP children! And stop listening to Faux News. They're not giving you anything approaching "fair and balanced."

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  engineeral09/19/08 Report as spam
  10

  RE: Financial Crisis Signals the End of Reaganism

  Fannie Mae and Freddie Mac were not allowed to stand on their own - hence not deregulated.

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  pgaluszka09/19/08 Report as spam
  11

  RE: Financial Crisis Signals the End of Reaganism

  Johnny Lucid,
  If you can't stick to the points, then don't blog. My ancestral background is none of your business.
  
  Peter Galuszka

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  Michael.Mattis@...09/19/08 Report as spam
  12

  Steaming pile?

  "What a steaming pile of idiotic collectivist
  twaddle."
  
  "Collectivist twaddle?" That's pretty good. Don't you just love it that whenever someone calls for sensible regulation these people come out of the woodwork and start screaming "commie"?
  
  Look at Peter's bio (brown box, right-hand column). The man was at BusinessWeek for 15 years, for crying out loud. Talk about capitalist chops.

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  GreenCPA09/19/08 Report as spam
  13

  RE: Financial Crisis Signals the End of Reaganism

  Pure unregulated capitalism would be the same as one big black market and I don't know anyone who would want to operate in that environment.
  
  Don't let the rhetoric fool you, corporations love regulation as evidence by all their lobbyists. Those guys aren't trying to eliminate rules, just bend them in their clients' favor.
  
  The corporate system which protects investors from risky behavior is partially to blame.
  
  I find it ironic that conservatives who bemoan public assistance for the masses are always the first in line for bailouts.
  
  Brian C. Setzler, MBA, CPA

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  GreenCPA09/19/08 Report as spam
  14

  RE: Financial Crisis Signals the End of Reaganism

  Quote #6 "Further, it wasn't deregulation that caused the S&L scandal, rather it was greedy people who didn't care who they hurt."
  
  Because capitalism is all about greed, regulations help establish the boundaries.
  
  If you haven't seen the movie "The Corporation", now would be a good time to rent it.

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  immparts09/19/08 Report as spam
  15

  RE: Financial Crisis Signals the End of Reaganism

  I have been following the current economic crisis with little pleasure from my "I told you so" position. For several years I, and others from "Main Street", have known that the Derivitave Market Instruments were essentially worthless. One need not be the 'Rocket Scientist" see junk economics when it it presented as purported theory. Am I pleased about being right? NO!, especially when it is all of us on Main Street who will have to pay for the mistakes of our Politicians, Economic Gurus, Accountants. Stock Brokers, Federal Reserve Governors, and othe associated highwaymen.
  
  BS is BS and HS is HS and Reganomics is the glue that binds them together.
  
  The Trickle Down to Main Street is Debt, Cebt and More Debt.
  
  Vote Obama