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Igel

(35,282 posts)

16. Flashback.

Reply to IWelcome TheirHatred (Original post)

Sat Jan 5, 2013, 12:46 AM

Jan 2013

It's 2008. Home interest rates are low. Morgage-based securities are trading freely.

Nobody cares about the housing price increase. Those complaining about a "housing bubble" are babies.

If the mortgage burden were such a problem, you think you'd see it reflected in interest rates and hesitation over getting into the housing market for speculation. Obviously investors don't have a problem with the outlook in the housing market.

The only threat to the viability and future prospect of the housing market are the crazy-assed Republicans who tried to limit the mortgage industry. Even that was only once, and a pathetic, feeble attempt.

Point: When investors suddenly decide that they don't want T-bills we'll be so screwed it won't be funny. Until then, everything'll look great.

Oddly, many (D) objected to the outrageously high deficits in the '00s when job creation was about the same as now. The deficits were a national disgrace then and a drag on the economy; now they're stimulative.

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Nobody cares about the national debt.... [View all] IWelcome TheirHatred Jan 2013 OP

I was with you until the last sentence and maybe even then. merrily Jan 2013 #1

Debt-ceiling hostage takers... IWelcome TheirHatred Jan 2013 #3

It was the Republicans who held the previous debt-ceiling hostage and cause the downgrade... TheProgressive Jan 2013 #4

We are working off some of the same facts, but may see them differently. merrily Jan 2013 #5

Ok, can you translate that into standard logical English please... TheProgressive Jan 2013 #9

I believe the problems with the credit rating had, and continues to have, causes broader than merrily Jan 2013 #11

My apologies... But, on to the topic... TheProgressive Jan 2013 #14

Thanks for the apology. On the topic: I felt a goalpost move. merrily Jan 2013 #19

if republicans care about the debt they would never have supported shrub's tax cuts. unblock Jan 2013 #2

Or Obama's 2010 tax cuts? merrily Jan 2013 #7

You said the magic word Fumesucker Jan 2013 #22

That would have done that with any Democratic President. merrily Jan 2013 #23

If Republicans cared about deficits they wouldn't have started 2 wars without raising revenue. JaneyVee Jan 2013 #6

Or "surged" in either of those wars without raising revenues? merrily Jan 2013 #8

At LEAST make an attempt. Starting 2 wars while lowering taxes? This isn't rocket science. JaneyVee Jan 2013 #13

I agree with you, but we did also surge in both wars without raising revenues and merrily Jan 2013 #20

But it was a complete Republican administration investigation that promised/lied about WMD's . JaneyVee Jan 2013 #21

Bottom line, it was a bipartisan decision. merrily Jan 2013 #24

Yes, based on false pretenses drummed up by a complete republican administration. JaneyVee Jan 2013 #25

???? bongbong Jan 2013 #26

I've read many comments by Repubs about the need to reduce spending. Kaleva Jan 2013 #10

You have not read those comments from anyone but Republicans? merrily Jan 2013 #12

My Rep is a Republican and lots of Republicans posting on his Facebook page... Kaleva Jan 2013 #15

Flashback. Igel Jan 2013 #16

Total nonsense IWelcome TheirHatred Jan 2013 #17

True, the dollar is the benchmark. JaneyVee Jan 2013 #18