Posted on 08/16/2011 7:30:58 PM PDT by neverdem
McCotter does.
Pawlenty out. Perry in. This article is already ancient history. Romney? lol!
I agree that only McCotter has anything remotely like an economic plan.
Sadly, his ideas will gain no traction whatsoever... because they involve bankers taking losses.
The housing mess will have to sort itself out naturally. I know that the government had a major hand in the bubble. They should get out of the social engineering mortgage business. No one is going to really start building houses again until demand catches up with supply. That could take years. Government has done enough damage. Sell off Freddie and Fannie for what you can get for it and get out of the way. This is an economic plan that I could get behind.
President Mini-Me can only point at his mini-accomplishments and take shots at the proposals of the growing field of Republican challengers.
He’s also the only candidate who sees Commmunist China for what it is, talks about not just downsizing but re-structuring a 20th century government to fit a 21st century world and confronts the major problem that is “Crony Capitalism”, the alliance between Big Business and Big Government that is eliminating the citizens role in our Republic. But why should he get any traction? (sarc) He only talks about the issues.
It's from the August issue. It wasn't posted for the candidates per se. It was posted for the topic, i.e. resolving the debacle from the subprime mess. This economy is going nowhere quick until that happens.
Yes, as I read on, I saw it was really about the housing market. My apologies for posting before reading the whole thing :-)
Simple. Cut spending, cut taxes, let the market work.
It's not simple. Sometimes markets get it wrong. We had a tech bubble. That just screwed the stock market. The housing bubble is hamstringing this economy just like bad debt prolonged the Great Depression. We also have an education bubble with college students taking huge loans for useless majors as far as jobs go to pay off student loans. This economy is loaded with bad debt.
Purposely developing our own energy sources would create a substantial number of jobs and get our own money circulating within the country all without enriching our enemies. Energy is the life blood of any modern economy. Making it plentiful and cheap would provide us with huge benefits across the board raising everyone’s standard of living.
I do believe that's what Palin is advocating.
You won't find an argument from me. Cheap, unsubsidized energy is one place where they could make some jobs in the private sector, IMHO.
The housing bubble was created by government policy: by holding interest rates too low, so allowing mortgage debt to inflate, and hence house prices. And, also, disastrously, by forcing banks to lend to people who had no hope of ever repaying the loan.
The college problem is a classic example of the Law of Unintended Consequences. The government subsidised loans to students, so the colleges immediately raised their fees to consume the subsidy, leaving the students worse off. Repeat a couple more times, and a college education becomes the high road to debt peonage.
There was no excuse for this: the facts were already in that the Medicare subsidy had caused health-care costs to increase by more than the subsidy, leaving seniors worse off than before. But liberals who want to waste taxpayers' money are immune to mere facts.
Government wouldn’t have to spend anything to get it going.
Just pull down the barriers and get out of the way.
Herman Cain will be announcing his plan Thursday from SC. At this point he states he cares more about his country than political posturing and just wants his ideas to resonate with people or the powers that be, so the USA can move forward.
The dot com bubble can’t easily be laid at the door of government.
Personally I think there’s a basic instability in the system due to large amounts of money (retirement and investment funds) looking for the highest returns and the ability to move that money quickly. It isn’t obvious to me that there’s anything to be done about it short of accepting it, as in simply living with it.
When some sector of the business world starts showing higher returns than the others, money starts rushing towards it to get the highest returns. In doing so it creates its own positive feedback system making it unstable. As the money pours in, prices go up due to an increase in demand, the price going up shows up as even larger returns on investment and so more money flows in to chase it in a viscous cycle until the bubble pops.
In a free society, it isn’t clear to me what can be done about it.
Credit bubbles on the other hand are creations of governments. Being a creation of government it can be sustained unnaturally for far longer periods until the results are catastrophic. That’s what we’ve done to ourselves this time.
The housing bubble was created by government policy: by holding interest rates too low, so allowing mortgage debt to inflate, and hence house prices. And, also, disastrously, by forcing banks to lend to people who had no hope of ever repaying the loan.
A market distorted by the government is still a market. What's scary is that so many professionals didn't see it coming. These subprime loans were being advertized all over the place.
There was no excuse for this: the facts were already in that the Medicare subsidy had caused health-care costs to increase by more than the subsidy, leaving seniors worse off than before.
What Medicare subsidy? Docs limit their practice. They don't make enough money from Medicare patients to cover their costs. Hospitals and private practice docs rely on private health insurance to make up the difference.
Too bad that signal didn't come sooner.
IF you have a problem YOU sue Exxon.
Dont YOU worry 'bout me disposing my - entirely EPA defined as SAFE - drilling waste underneath you home. Do NOT worry - its safe - experts will assure you its safe.
Do YOU want to sue for your IMAGINARY reasons?
The drilling/frac industry ASSURES that NONE of this is dangerous. There is NO regulation concerning the matter...
It MUST be o.k., then..
| White House Thinks Unemployment Creates Jobs. And we have a government that grows at 8 percent a year, with unelected czars and departments working to do Zer0's bidding -- writing regulation after regulation. |
Barack's working hard for the nation And he's needs another vacation Some golf would be nice And the pie he'll have twice As we endure This reeking Obamanation Countdown until Obama leaves Office: 521 days as of August 17, 2011. |
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