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

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  1. #33
    Enlightened Despot Member Vladimir's Avatar
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    Default Re: Uh-Oh, How Bad Is This Going to Get?

    Quote Originally Posted by Husar View Post
    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.

    Quote Originally Posted by Tribesman View Post
    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.
    Last edited by Vladimir; 12-22-2008 at 20:51. Reason: This was posted from my yacht via satellite uplink.


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