Uh-Oh, How Bad Is This Going to Get?

[Tribesman]

I just wish Tribes would link to a source every now and then.

Wish and it shall be granted

http://www.hpsauce.co.uk/

[Tribesman]

You're confusing his top marginal tax cuts (trickle down for the uninitiated) with his defense strategy of outspending the Soviets to oblivion. This part of his defense strategy (which caused them to compete and go bankrupt) was the most effective part.

Errrrrr......no .
If you cannot see how the spending , tax cuts and credit are all part and parcel of not only the financial crisis but also the geo-political crisis then it is you who is confused .
Yeah sure it was a nice handy short term fix , but the longer term of every aspect is really kicking you in the arse now .

[Husar]

I just wish Tribes would link to a source every now and then.

That is correct, I do as well sometimes, but then I don't recall you discrediting Tribes just because he is Tribes, which is completely illogical and wrong, oh and I don't agree with him on every single issue either, just for the record.
Now back to my Tribes-shrine before the chicken I wanted to sacrifice runs away...

He is pretty correct in saying that the overspending using credits created this whole mess, everybody linked to funny comics saying just that when the "crisis" began anyhow. And everybody who believes in trickle down is either a manager, related to a manager, blackmails a manager, gets paid very well by a manager to say that or writing from his yacht in the carribean via satellite uplink.

[edyzmedieval]

That article reminds me of this South Park quote:

Eric Cartman - "...and a black man to sacrifice himself in case anything goes wrong."

The black guy got elected. This are wrong, will go wrong. Who's gonna be sacrificed? Barack Obama.

[Vladimir]

Well, when people cannot argue with Tribesman's pinpoint-accurate logic, they always attack his posting style, it's so...desperate...

I'll presume the meaning was lost in translation.

There was no pinpoint-accurate logic. There was only an unsubstantiated and inaccurate allegation with poor follow-up. The root of this financial crisis lay in the 1990's with both parties to blame. Congress wanted to encourage people to seek the "American dream" of owning a home. Evidently congress thought it best to decide what that actually means. This encouraged a cycle of high risk borrowing which ultimately ended in collapse.

Desperate? Hardly. If your style is one of lacking substance than an “attack” is warranted.

I don’t know his intent but it seemed a desperate attempt to pin blame on a dead man from a different era.

Errrrrr......no .
If you cannot see how the spending , tax cuts and credit are all part and parcel of not only the financial crisis but also the geo-political crisis then it is you who is confused .
Yeah sure it was a nice handy short term fix , but the longer term of every aspect is really kicking you in the arse now .

That is called Keynesian economics, not Reaganomics.

[Lemur]

That is called Keynesian economics, not Reaganomics.

I'm missing something. All Husar mentioned was "spending , tax cuts and credit" as part of the global financial meltdown. With a description that vague, he could be talking about almost anything short of a command economy. Could be Reagan-style supply-side or Keynesian demand-side or something else completely.

[Husar]

I'll presume the meaning was lost in translation.

There was no pinpoint-accurate logic. There was only an unsubstantiated and inaccurate allegation with poor follow-up. The root of this financial crisis lay in the 1990's with both parties to blame. Congress wanted to encourage people to seek the "American dream" of owning a home. Evidently congress thought it best to decide what that actually means. This encouraged a cycle of high risk borrowing which ultimately ended in collapse.

So the managers wanting to give everybody a credit to get more bonuses had nothing to do with it at all?

I'm missing something. All Husar mentioned was "spending , tax cuts and credit" as part of the global financial meltdown.

That's nice but he responded to a quote from Tribes if I'm not mistaken.