Ronald Reagan wrote:
The federal government has taken too much tax money from the people, too much authority from the states, and too much liberty with the Constitution.
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Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.
Not much more can be said better than that. Say what you want about Reagan...if you read his quotes, the man had an incredible insight into many things.Thomas Sowell wrote:
Egalitarians create the most dangerous inequality of all -- inequality of power. Allowing politicians to determine what all other human beings will be allowed to earn is one of the most reckless gambles imaginable. Like the income tax, it may start off being applied only to the rich but it will inevitably reach us all.
You forgot 1 word "previous". It should go in between "the" and "government".ATG wrote:
The government regulated that fannie and frreddie spew loans to illegal immigrants and encouraged douche bag suit fucks to package up these garbage loans as " financial products " to be sold to dumbasses like Norway as " asset backed securities "
They didn't just fuck me and mine, they fucked the whole world.
Except the president has very little, if anything to do with the economy. The people that fucked up our economy are the people still cashing congressional paychecks every month. The president may have changed but you still have the same retards driving the bus.BN wrote:
You forgot 1 word "previous". It should go in between "the" and "government".ATG wrote:
The government regulated that fannie and frreddie spew loans to illegal immigrants and encouraged douche bag suit fucks to package up these garbage loans as " financial products " to be sold to dumbasses like Norway as " asset backed securities "
They didn't just fuck me and mine, they fucked the whole world.
New government, new policy.
As far as I'm aware they didn't regulate but did encourage. You give a stupidity-pass to the common man, the short-sighted investor/banker/speculator and the banks themselves. Of course the government was itself partly culpable but no. 1? Don't think so.ATG wrote:
The government regulated that fannie and frreddie spew loans to illegal immigrants and encouraged douche bag suit fucks to package up these garbage loans as " financial products " to be sold to dumbasses like Norway as " asset backed securities "
They didn't just fuck me and mine, they fucked the whole world.
Last edited by CameronPoe (2009-11-07 15:02:06)
Nope. It was actually legislation started in the 90s, well after Reagan left office (bipartisan blame to go around, Dilbert).Dilbert_X wrote:
But I thought it was Reagan's deregulation which led to this hole being such a big one?
But for govt intervention and transfusing taxpayers money into the banks it would have been truly, bloodbath on the streets, catastrophic.
