The Great Depression

[grimmie 186]

What the hell does our government being broke at all levels have to do with real estate? I build houses and have 2 of them for sale right now.

I was pointing out that this is like Carter's era, but the republicans won't admit it.

I think GWB and his henchmen should be in jail in January. What's your point again?

[KathleenL 0]

BINGO! As I see it most of the financial problems right now stemmed from deregulation.

[lawrocket 3]

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BINGO! As I see it most of the financial problems right now stemmed from deregulation.

And you are probably correct! Deregulation HAS been a substantial factor in this kind of thing.

Now, ask the question: "Why did they deregulate?" Answer - because regulations caused problems of their own. Deregulation gives the freedom to try new things. Deregulation is pretty fairly exemiplified by boom and bust. Regulations generally prevent the busts and prevent the booms.

Regulation was seen as a big cause of the stagflation and misery indices of the 70's. Regulations discourage innovation. To try something new wasn't feasible because it might not work, and therefore barred by regulation.

On the other hand, regulation (in my opinion) can turn a bust into a long slump. No, not so severe, but much longer lasting. It can also turn a grand slam into moneyball. Advance the runners.

Deregulation is probably largely responsible for the large-scale and long lasting economic growth that the US has been experiencing since the mid-1980s. IN the long term, S&L was a hiccup. 1987 stock market crash was a hiccup. The tech bubble bursting was a sneeze.

What will this become? Impossible to say. I hope they don't regulate it so as to prevent this market correction from taking full effect quickly.

My wife is hotter than your wife.

[Lucky... 0]

Right, the issue isn't regulation vs deregulation, the issue is to what degree of regulation do we implement?

I like more regulation than not, but not major / total regulation. That is the problem with Cpitalism; the elites control / manipulate the market.

[Misternatural 0]

>>What the hell does our government being broke at all levels have to do with real estate?

Bwahha

Beware of the collateralizing and monetization of your desires.
D S #3.1415

[lawrocket 3]

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Right, the issue isn't regulation vs deregulation, the issue is to what degree of regulation do we implement?

I like more regulation than not, but not major / total regulation. That is the problem with Cpitalism; the elites control / manipulate the market.

I agree that SOME regulation is needed. I tend to favor "less." Regulations I favor ensure honesty by the companies. I.e., "we are taking a big risk here. It might not work. The possible payoffs are huge, and so are the possible risks."

Only with honesty can come truly accurate investment and risk calculation.

My wife is hotter than your wife.

[StreetScooby 5]

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the elites control / manipulate the market...

Opaque markets for sure. Not so much for efficient markets, though they still do wield power there simply because of their balance sheet.

We are all engines of karma

[akarunway 1]

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Let's see. In my 35 yrs. of working in the USA the only time I was out of work for an extended period of time was under RR and the Bushes. take that to thre bank. If your bank doesn't fail soon.

Ever occur to you to blame yourself?You know what motherfuker. 1981. I was making 19 bucks an hr. Const. work shut down. I went back to work for fuckin 4 bucks an hr. to feed my kids after 1 yr. on unemployment. Suck my dick. Thanks Ronnie

I hold it true, whate'er befall;
I feel it, when I sorrow most;
'Tis better to have loved and lost
Than never to have loved at all.

[FallingOsh 0]

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Let's see. In my 35 yrs. of working in the USA the only time I was out of work for an extended period of time was under RR and the Bushes. take that to thre bank. If your bank doesn't fail soon.

Ever occur to you to blame yourself?You know what motherfuker. 1981. I was making 19 bucks an hr. Const. work shut down. I went back to work for fuckin 4 bucks an hr. to feed my kids after 1 yr. on unemployment. Suck my dick. Thanks Ronnie

Whoa. I've wanted to say shit like that lots of times on here.

Personally, I think you're both off a little. My father was out of work for several years (he had odd jobs but nothing steady or really secure) beginning around 2000. Was it his fault? No. His employer closed up shop and left the state. Did he blame the government? Fuck no.

I'm sorry you went through hard times. I dont jump to the 'blame yourself' group, but I also don't blame the President that you were unemployed. Tough times happen. Is it to the President's credit you eventually found a better job? Of course not. You did whatever you could to survive until better came along.

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Stay positive and love your life.

[alw 0]

I'm gonna take that as a "no".

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Every day is a bonus - every night is an adventure.

[skydyvr 0]

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I'm gonna take that as a "no".

. . =(_8^(1)

[mnealtx 0]

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Let's see. In my 35 yrs. of working in the USA the only time I was out of work for an extended period of time was under RR and the Bushes. take that to thre bank. If your bank doesn't fail soon.

Ever occur to you to blame yourself?You know what motherfuker. 1981. I was making 19 bucks an hr. Const. work shut down. I went back to work for fuckin 4 bucks an hr. to feed my kids after 1 yr. on unemployment. Suck my dick. Thanks Ronnie

So you went from being an overpaid union employee to working at what was evidently a fair wage for the area - after a year.

Pardon my tears, dude.

Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706

[skydyvr 0]

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Suck my dick. Thanks Ronnie

Good on you for coming out -- you gotta be who you gotta be!

. . =(_8^(1)

[kallend 2,027]

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Let's see. In my 35 yrs. of working in the USA the only time I was out of work for an extended period of time was under RR and the Bushes. take that to thre bank. If your bank doesn't fail soon.

Ever occur to you to blame yourself?

You know what motherfuker. 1981. I was making 19 bucks an hr. Const. work shut down. I went back to work for fuckin 4 bucks an hr. to feed my kids after 1 yr. on unemployment. Suck my dick. Thanks Ronnie

So you went from being an overpaid union employee to working at what was evidently a fair wage for the area - after a year.

Pardon my tears, dude.

How do you feel about corporate CEOs making $(tens of millions) while running their corps. into bankruptcy? Is that fair?

...

The only sure way to survive a canopy collision is not to have one.

[mnealtx 0]

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Let's see. In my 35 yrs. of working in the USA the only time I was out of work for an extended period of time was under RR and the Bushes. take that to thre bank. If your bank doesn't fail soon.

Ever occur to you to blame yourself?

You know what motherfuker. 1981. I was making 19 bucks an hr. Const. work shut down. I went back to work for fuckin 4 bucks an hr. to feed my kids after 1 yr. on unemployment. Suck my dick. Thanks Ronnie

So you went from being an overpaid union employee to working at what was evidently a fair wage for the area - after a year.

Pardon my tears, dude.

How do you feel about corporate CEOs making $(tens of millions) while running their corps. into bankruptcy? Is that fair?

Depends on their contract, now doesn't it?

Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706

[kallend 2,027]

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Let's see. In my 35 yrs. of working in the USA the only time I was out of work for an extended period of time was under RR and the Bushes. take that to thre bank. If your bank doesn't fail soon.

Ever occur to you to blame yourself?

You know what motherfuker. 1981. I was making 19 bucks an hr. Const. work shut down. I went back to work for fuckin 4 bucks an hr. to feed my kids after 1 yr. on unemployment. Suck my dick. Thanks Ronnie

So you went from being an overpaid union employee to working at what was evidently a fair wage for the area - after a year.

Pardon my tears, dude.

How do you feel about corporate CEOs making $(tens of millions) while running their corps. into bankruptcy? Is that fair?

Depends on their contract, now doesn't it?

So CEO contracts count, but union contracts don't. OK.

...

The only sure way to survive a canopy collision is not to have one.

[mnealtx 0]

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Let's see. In my 35 yrs. of working in the USA the only time I was out of work for an extended period of time was under RR and the Bushes. take that to thre bank. If your bank doesn't fail soon.

Ever occur to you to blame yourself?

You know what motherfuker. 1981. I was making 19 bucks an hr. Const. work shut down. I went back to work for fuckin 4 bucks an hr. to feed my kids after 1 yr. on unemployment. Suck my dick. Thanks Ronnie

So you went from being an overpaid union employee to working at what was evidently a fair wage for the area - after a year.

Pardon my tears, dude.

How do you feel about corporate CEOs making $(tens of millions) while running their corps. into bankruptcy? Is that fair?

Depends on their contract, now doesn't it?

So CEO contracts count, but union contracts don't. OK.

Don't put words in my mouth, professor.

Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706

[Lucky... 0]

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Let's see. In my 35 yrs. of working in the USA the only time I was out of work for an extended period of time was under RR and the Bushes. take that to thre bank. If your bank doesn't fail soon.

Ever occur to you to blame yourself?


When you have recurring outcomes with like philosophies, time to take note. When you have opposing outcomes with opposing policies, time to take note. We have 28 years of evidence, how much more do you want before you figure it out; 4?

[Lucky... 0]

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Let's see. In my 35 yrs. of working in the USA the only time I was out of work for an extended period of time was under RR and the Bushes. take that to thre bank. If your bank doesn't fail soon.

Ever occur to you to blame yourself?

You know what motherfuker. 1981. I was making 19 bucks an hr. Const. work shut down. I went back to work for fuckin 4 bucks an hr. to feed my kids after 1 yr. on unemployment. Suck my dick. Thanks Ronnie

So you went from being an overpaid union employee to working at what was evidently a fair wage for the area - after a year.

Pardon my tears, dude.

How do you feel about corporate CEOs making $(tens of millions) while running their corps. into bankruptcy? Is that fair?

Depends on their contract, now doesn't it?

So CEO contracts count, but union contracts don't. OK.

Don't put words in my mouth, professor.


No, no, same words; yours. You think union contracts are gross, but CEO contracts are justified if contracts are followed. Unions = collective bargaining contracts, meaning they all bargain at the same time vs a CEO bargaining 1 at a time.

[Lucky... 0]

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Right, the issue isn't regulation vs deregulation, the issue is to what degree of regulation do we implement?

I like more regulation than not, but not major / total regulation. That is the problem with Cpitalism; the elites control / manipulate the market.

I agree that SOME regulation is needed. I tend to favor "less." Regulations I favor ensure honesty by the companies. I.e., "we are taking a big risk here. It might not work. The possible payoffs are huge, and so are the possible risks."

Only with honesty can come truly accurate investment and risk calculation.

History has shown us that we are so crooked, at least a portion of us, that thigs go awry when we deregulate.

I'm not sure what risks we are taking with pro-regulation, esp at this point. anti-regulation has gotten us to where we are, so the argument against regulation is one the corps make and is pretty much moot at this point.

[Lucky... 0]

>>>>>>>>>>>>>I'm sorry you went through hard times. I dont jump to the 'blame yourself' group, but I also don't blame the President that you were unemployed. Tough times happen. Is it to the President's credit you eventually found a better job? Of course not. You did whatever you could to survive until better came along.



Policy changes are the doing of the president. When these changes directly affect society, they are the fault / doing of the president. For example, the Ergonomics Bill that Clinton/OSAH originated and Bush killed was the doing of the respective parties. If a person is unable to get care for their injuries that would fall under these categories, it is directly the fault of Bush. Other things are indirect in regard to the president.

[alw 0]

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A bit misleading of you to count a neighborhood S&L failure as being the same as the failure of a major investment bank like B-S, Lehman Bros or ML, or players like Fannie and Freddie.

I expect that's what you wanted, though.

Reaganomics --> S&L crisis
Bushonomics --> Banking crisis

Amanda saved me the trouble. This is the guy that is talking about cronyism and lobbyists on his opponents staff?

http://townhall.com/video/TheFivewithAmandaCarpenter/1450_091708Five

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Every day is a bonus - every night is an adventure.

[mnealtx 0]

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So CEO contracts count, but union contracts don't. OK.

Don't put words in my mouth, professor.

No, no, same words; yours. You think union contracts are gross, but CEO contracts are justified if contracts are followed. Unions = collective bargaining contracts, meaning they all bargain at the same time vs a CEO bargaining 1 at a time.

Incorrect. Try re-reading what I said WITHOUT looking for any hidden meanings.

Since he was able to find work in the same area at $4/hour, then obviously the union wage of $19/hour was grossly out of line. Evidently he had a pretty decent unemployment (golden parachute) package, if he didn't have to work for a year.

If you don't want guaranteed bonuses for CEO's, then lobby to make bonuses tied to performance - I honestly expect to see more of that in the future.

Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706

[marks2065 0]

the only time i was out of work was under Clinton (by my own choice) i make the most money under a rep gov and loose income under dem gov. my Soso security statement proves to me that i really like to see the rep control the big house.

[akarunway 1]

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So CEO contracts count, but union contracts don't. OK.

Don't put words in my mouth, professor.

No, no, same words; yours. You think union contracts are gross, but CEO contracts are justified if contracts are followed. Unions = collective bargaining contracts, meaning they all bargain at the same time vs a CEO bargaining 1 at a time.

Incorrect. Try re-reading what I said WITHOUT looking for any hidden meanings.

Since he was able to find work in the same area at $4/hour, then obviously the union wage of $19/hour was grossly out of line. Evidently he had a pretty decent unemployment (golden parachute) package, if he didn't have to work for a year.

If you don't want guaranteed bonuses for CEO's, then lobby to make bonuses tied to performance - I honestly expect to see more of that in the future.

To clear the record. I was not in the union til 6 yrs. ago. And the ecomomy was so bad, that I was, as a traveling const. worker, allowed to claim unemployent benefits from 3 states. I got 26 weeks of regular and 26 weeks extended as work dried up everwhere. A WHOPPING $125 a week. Right before we were supposed to start a bunch of shale oil projects in Co. til Ronnie and his boys pulled the plugs. As dicussed here before. Edit to add: They are giving extended benefits AGAIN under this admin. What's that say? And you don't get shit from the union if you're not working. I will lose my insurance Dec.31st if work doesn't pick up and it's not looking good. Can you say Morgan Stanley next. I guess i need to learn to speak Chinese and/ or Arabic. Or Spanish

I hold it true, whate'er befall;
I feel it, when I sorrow most;
'Tis better to have loved and lost
Than never to have loved at all.