The New Tea Party
- Thread starter Jeronus
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I think I can put up with the whiny conservatives, really, as long as they keep the inadvertent comedy coming. First the coast-to-coast teabagging, then that anti-gay-marriage "2M4M" thing--ooh, maybe for their next trick, they can protest illegal immigration with a National Dirty Sanchez March.Jeronus said:
The comment really was directed at Barry for effectively answering his own question. However since you asked: Double posting is poor form and against the rules. Someone saw your double post and reported you for it (can't imagine why anyone here would report you as they all obviously love you). Probation is the second-to-lowest form of correction so I wouldn't sweat it. I would highly recommend reading the posting rules so those who obviously love you so much can't use posting weaknesses against you.arbane said:
Just to throw in a quick thing about moderation:Captain Blackout said:
Some folks here have a deep-seated fear of the "double post", and I think it's rather unjustified. I don't think any of the mods are actually going to give you trouble for two well-constructed, independent posts that happen to be back to back. A whole series of one-liners, even if topical, is crossing the line, though.
-- Alex
I mean self correcting due to changes and recessions. But there are a few problems with the current setup. First is regulation doesn't just effect one industry it effects them all. This is one of the things you learn when you major in economics. They have to model the impact of a tax on a single commodity not only to that industry but others as well. This is because people now have less cash to spend on other goods because they are paying more for that good which is taxed. They also buy less of that good because the price is higher.arbane said:
Also there is the issue that the financial system (aka the banks) are allowed to commit fraud on a daily basis. If you do what a bank does and the police were to find out you would be arrested for fraud but the banks are allowed to do it cause it's in the law. What they do is give out more loans then they have deposits which means they are always insolvent. Which means if ever their debts are called in they go bankrupt by default. This house of cards only last as long as no one calls in the debts which is what is happening now and the reason things are going down hill. It was also the cause of the Saving and Loans failures during the 80s. This is also the reason for the bank runs when people want to make sure they can get their money and why the government had to setup the deposit insurance so people would "trust" banks with their money.
Now most people are taught this "fraction reserve" loan system is a good thing because it helps stimulate economic growth. Well that much is partially true because it artificially stimulates growth and once things begin to recede they only begin to compound. Once recessions begin to set in this system dramatically increases the speed and extent of these negative effects on the economy as a whole making recessions much worse. The ups and downs in the economy are greatly increased by this setup. We would have a much steadier and solid economy if we did away with it and required banks to maintain deposits equal to their loan amount then this problem would NEVER have happen. Because if it did that would mean the broke the law and would be going to jail.
As an example it would be like buying things on margin in the stock market and in case you don't know what that means he's what you do. Go put down $10 in stocks on loan for say $100 dollars then take that $100 buy stocks and use them as collateral on a loan for $1,000 which you then take and put on a loan for $10,000. After which you go buy a bunch of stocks. This too is illegal because the only thing backing up that $10,000 is $10. Now if your stock goes up then you gain a fortune but if it goes down not only do you loss your original investment of $10 but you could end up in debt for the remaining $9,990.
This is the insanity that is happening right now. This large financial institutions put out big money on things they thought would pay off but the value of those assets plummeting they now can't pay off their debts that they owe so they are in major trouble. And we are all stuck paying the bill for this in the form of bailouts.
I am very disappointed in John Stewart and Stephen Colbert. During the Bush years, it was easy to think they were clever comedians and incorruptible political commentators, because Bush and the neoconservatives provided no end of corruption to rail against. They have proved themselves the former but not the latter. They are just another MSNBC or FOX News, and will only blindly follow and never question their appointed leadership.
I fully support the Tea Parties. My only complaint is they don't take it a step further.
I fully support the Tea Parties. My only complaint is they don't take it a step further.
Awwww, look at the little conservatives whining about taxes, they're so cute ^^
And they use those big, grown up terms like "class warfare", "Socialism", and "wealth redistribution", surely it can't be a load of crap?
I guess "class warfare" was alright when you were winning.
And they use those big, grown up terms like "class warfare", "Socialism", and "wealth redistribution", surely it can't be a load of crap?
I guess "class warfare" was alright when you were winning.
Okay, I'll bite, what is "a step further"?Rooster Cogburn said:
