IntenseDebate - Bill

15 years ago @ Liberty's Life Line - Coons vs O’Donnell. ... · 0 replies · +1 points

Sorry for the comments being out of order. I had to break them up to fit.

15 years ago @ Liberty's Life Line - Coons vs O’Donnell. ... · 0 replies · +1 points

9) "The stimulus was not big enough" The simulus didn't do diddly-squat. The recession was over before the money hit the street. Obama promised unemploment which at that time was below 8% would not rise above 8% and threatened that if we did nothing it would climb to 9%. Well, he got his way and unemployment is worse than he said it would be if we did nothing, and we are $1 trillion deeper in debt, and you say that wasn't enough?
10) Your answer is more government and higher education employment? Who's going to pay those salaries? They don't produce anything at a profit. We need private sector jobs. We just went through the housing bubble. Next up is the bubble in higher education, because the cost of tuition cannot continue to climb.
As far as putting millions of govenment workers out of work, I am reminded of a story about someone asking Pope John XXIII how many people worked in the vatican. He said, "about half."

Thanks for commenting.

15 years ago @ Liberty's Life Line - Coons vs O’Donnell. ... · 0 replies · +1 points

8) Reagan boom and then hard crash. Okay, take out your calendar and lets' review. Reagan took over a disastrous economy from Jimmy Carter. He turned it into the longest peace time expansion in history with, you are correct, deregulation, tax cuts, and spending reduction. He served from 1980 to 1988. He was succeeded by George H. W. Bush (1988-1992) during whose term there was a mild recession. In came Bill Clinton for a lackluster two years until the Republicans took over Congress and then we had balanced budgets and a continued boom due to tax cuts and spending reduction, both of which Clinton reluctantly went along. The dot.com bubble was on Clinton's watch. George W. Bush inherited a recession from Clinton. He cut taxes and the economy took off again. Then all the govenment programs that put people into mortgages they couldn't afford brought the collapse. Any questions? Reagan was no where in site in the early 90s. Unlike Clinton, Carter and Gore, he retired quietly to California.

15 years ago @ Liberty's Life Line - Coons vs O’Donnell. ... · 0 replies · +1 points

3) "The Tea Party views are not compatible with our present society." According to a Rasmussen poll, 46% say Tea Party is good for America, 31% disagree. Again, you bring no facts to the table.
4) "Clearly when there is less regulation on business our economy falters." Again, no facts. The financial meltdown was triggered by the housing bubble which was the culmination of government program on top of government program going back to FDR (Fannie Mae). Where are your facts?
5) "Our situation is the result of Bush's deregulation." Again, no facts. What did Bush deregulate that caused the financial meltdown?
6) You are right about Bush starting the stimulus ball rolling with TARP. He was wrong. He was also not acting conservatively and he was helped, if you care to recall, by Nancy Pelosi and Harry Reid.
7) Ah, the race card. What principled discusssion could we have without you bringing that up, because there is no where that I mentioned anyone's race. I'm colorblind on these issues. It sounds like you have a race problem.

15 years ago @ Liberty's Life Line - Coons vs O’Donnell. ... · 0 replies · +1 points

Gee rachel, you gave me so much meat, I don't know where to start,so let me take it point by point.
1) I have a complete lack of understanding of our "complex society and government work." That is a typical liberal/statist/progressive attack of making a charge without backing it up with any facts.
2) A criminal complaint has been filed by CREW. I didn't know that, but since it was filed only about a week ago and it appeared that CREW was more interested in getting the charges in the media that they forgot to serve any papers on O'Donnell. According to the Washington Times, her attorney was going to visit the CREW website to see what the charges were. I went to the CREW site and did a search on the word Democrat. Not much turned up. Hmmm... fair and balanced? I found a list of the 22 most corrupt politicians in Washington and surprise! It had eighteen Republicans and only four Democrats. There was no mention of Charlie Rangel, Maxine Waters; no mention of the 41 Obama White House aids who owe $831,000 in back taxes, so since this is just about a week old, I'll let it play out, but it smells fishy to me, particularly considering the timing.

15 years ago @ Liberty's Life Line - Coons vs O’Donnell. ... · 0 replies · +1 points

Nice try, Blake, but you failed to mention any facts or any matchups. Why are you asking me to come up with the list? The point of the post was O'Donnell vs. Coons. If you have a match you'd like to analyze, be my guest. Perhaps Harry Reid vs. Sharon Angle?

15 years ago @ Liberty's Life Line - Control of Congress an... · 1 reply · +1 points

Thanks, David. Are you sure it wouldn't be blue donkeys dancing under that arch?

15 years ago @ Liberty's Life Line - The Regulators are Dea... · 0 replies · +1 points

As companies grow larger, they become unwieldy. Think about the conglomerate rage in the 1970s, the idea being the company itself would be a portfolio maximizing return and minimizing risk. Michael Milken and company saw the opportunities in those firms and bought, broke them apart and made a fortune in the process. That was all done privately.

As companies become large, they should reassess what they are good at, focus on that and divest the rest. Then if they fail, they do it with their own money not ours. Independent auditors should provide a risk profile of a financial institution and depending on where they fall on a scale of risk, they should be required to have a set percentage of their capital on hand to offset the risk. If they carry more risk, they should have greater reserves, less risk, less reserves.

Think about an individual getting a mortgage. If your down payment is too small the bank may require mortgage insurance on the borrower. If you get the level of equity up, you can drop the insurance.

16 years ago @ Liberty's Life Line - The Truth Deficit · 0 replies · +1 points

President Obama should have waited a few days before speaking. The unemployment figures released today showed a surprising increase and included upward adjustments to prior months numbers. The Dow Jones Industrial average is down about 250 points now. I can't wait to hear how the president spins this one.

16 years ago @ Liberty's Life Line - Comedian Lewis Black D... · 0 replies · +1 points

And what facts are you bringing to the table? It never ceases to amaze me how those on the left believe a reasoned debate consists of shouting and name calling and little else.

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