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Thread: Hooray euro socialism

  1. #1
    Super Moderator UGLY's Avatar
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    Default Hooray euro socialism

    The stock market is down because of the fantastic socialist ideals of europe. Ireland is the latest country to claim bankruptcy with portugal not far behind. Have we learned yet that there model is not working. Should we continue to try and adopt their government pays for everything standards? Or should we get back to doing it the we've always done it, the way that works.

  2. #2

    Default Re: Hooray euro socialism

    It seems obvious, yet some still think something will change. Utopia is a myth. The only people who benefit from socialism or communism are those in charge. I agree with you, when will everyone else realize it?

  3. #3

    Default Re: Hooray euro socialism

    Those who cannot remember the past are doomed to repeat it.

  4. #4

    Default Re: Hooray euro socialism

    The corruption and greed demonstrated in our country in recent years sure hasn't helped the global economy all that much.

    "The way we've always done it" sure ain't no Utopia either.

  5. #5
    Super Moderator UGLY's Avatar
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    Default Re: Hooray euro socialism

    Now the citizens of ireland are protesting. What a thing to do, protest losing your benefits because they have bankrupted the country. That is brilliant.

    Ground no one thinks we live in a utopia, but we do have a system of government that works. We need to get back to fiscal responsibility.

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    Olympic Champ RYou's Avatar
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    Default Re: Hooray euro socialism

    Quote Originally Posted by Ground&Pound View Post
    The corruption and greed demonstrated in our country in recent years sure hasn't helped the global economy all that much.

    "The way we've always done it" sure ain't no Utopia either.
    "The corruption and greed" If you take a hard look at the economic collapse, those on Wall Street were taking advantage of an emerging market - sub prime home mortgages. When the sub primes started to fail, some in the business saw an opportunity to make more cash betting there would be a tsunami of foreclosures. HOWWWWWWEVER..............

    The crux of the problem was the sub prime loans in the first place....and what was the subprime market? It was a government sponsored socialist initiative spearheaded by Pres Clinton in 1998 to enable people that couldn't afford to buy a home the opportunity to do so. It was facilitated by The Fed by dropping the interest rate to banks to 1% enabling them to issue variable rate loans THE BANKING INDUSTRY new would go into failure as soon as The Fed raised interested again which they did. Why did they agree to issue a bad loan plan? The Federal committee on banking and finance basically guaranteed the loans through Fannie Mae and Freddie Mac. When The Fed rate hit 4% the loans were renewing at 7%, almost doubling the monthly mortgage payment.

    So my friend, the corruption and greed that buoyed the global failure was in fact that bastard stepchild of the US government.
    Life's not the breaths you take, the breathing in and out that gets you through the day ain't what it's all about. It's the moments that take your breath away.

  7. #7

  8. #8

    Default Re: Hooray euro socialism

    You certainly aren't going to hear me argue against fiscal responsibility.

    However, you guys pointing fingers at "them", "they", "those socialists" etc. is nothing but unproductive partisan spin.

    If you believe the reason for our current recession is our government's (Democrat) socialist/communist policies, then you got fool by someone.

    You need to take your understanding to the next level. Quit being lazy by allowing someone else to think for you.

  9. #9
    Super Moderator UGLY's Avatar
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    Default Re: Hooray euro socialism

    After reading your fact check reference I dont see your point in posting it. The post confirmed what ryou said while adding a few more things to the list.

    I have to disregard the Barney Frank reference

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