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Bill USA

(6,436 posts)

13. Reich was responsible for Alan "Mr. Magoo" Greenspan's opposition to regulating mortgage lenders.

Reply to pipoman (Reply #9)

Wed Jun 13, 2012, 08:15 PM

Jun 2012

Reich lead the effort - of the Bush administration - to fight 50 States' Attorneys General, in court, to stop them from reining in predatory lenders in their respective states? (see Predatory Lenders Partner in Crime) LOL.

Reich was behind the GOP's century long adamant opposition to regulation of any business activities. Reich was involved in the slipping the Commodities Futures Modernization Act 2000 in as a rider to the Omnibus Spending bill 2000 (see: Who Wrecked the Economy: Foreclosure Phil) - after he was no longer in Government and was not a member of the Bush administration. LOL!!

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Why the Economy can't get out of First Gear - Robert Reich [View all] Bill USA Jun 2012 OP

Why the Economy can't get out of First Gear? pipoman Jun 2012 #1

What about his thesis that not enough money is getting into the hands of enough people but instead Bill USA Jun 2012 #2

Yeah, thanks to him.. pipoman Jun 2012 #6

that's right he was pushing for foreign trade deals as sec of labor. and these trade deals are Bill USA Jun 2012 #7

Yep, sure did.. pipoman Jun 2012 #9

Reich was responsible for Alan "Mr. Magoo" Greenspan's opposition to regulating mortgage lenders. Bill USA Jun 2012 #13

Worker Displacement rates were lower during the 90's than in the 80's. see CRS report Bill USA Jun 2012 #8

When was he a corporate sell out? When he supported the wage-lowering, jobs-killing NAFTA? AnotherMcIntosh Jun 2012 #3

Yep pipoman Jun 2012 #5

and this is what caused the housing bubble? 2 wars financed on debt & deregulation did not produce Bill USA Jun 2012 #11

The fault of the "housing bubble" pipoman Jun 2012 #16

and this is what caused the housing bubble? 2 wars financed on debt and deregulation did not produce Bill USA Jun 2012 #10

Excuse me, but I don't understand your logic. Are you saying that "Reich did not throw blue collar AnotherMcIntosh Jun 2012 #12

then you don't understand logic at all. Bill USA Jun 2012 #14

Oh, you've shown me the error of my ways. AnotherMcIntosh Jun 2012 #15

the point of this thread is why is the recovery going as slow as it is. I quoted Reich who said: Bill USA Jun 2012 #18

Nope. AnotherMcIntosh Jun 2012 #19

I didn't think you would. Bill USA Jun 2012 #20

I know I'll be accused of kicking someone when their down but NAFTA lowered avg wage a whole 0.2% Bill USA Jun 2012 #23

The other big problem is that the housing market is not yet back. That is a MUST. RBInMaine Jun 2012 #4

I'm glad to see some defense of Reich. philly_bob Jun 2012 #17

Exactly. People make mistakes, Reich is willing to admit his mistakes and move on. Sirveri Jun 2012 #21

I'll tell you the answer in one tiny word: Zoeisright Jun 2012 #22