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Falcon91Wolvrn03
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Re: Official Hillary vs Trump Debate Thread. [Re: amp244] 1
#23711962 - 10/06/16 01:25 AM (7 years, 3 months ago) |
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Quote:
amp244 said: Capitalism didn't cause 2007 or 1929.
What caused it then? We had rising income inequality before those times, putting less of the available money into the hands of consumers. Banks operated without federal protection before the Great Depression, creating a climate of panic when times got tough. Few regulations were placed on banks and they lent money to those who speculated recklessly in stocks...
Quote:
amp244 said: And if you like too big to fail than hell yea buddy, keep saving the market and watching this wealth inequality you decry grow and grow!
It's the liberals that are calling to end 'too big to fail'. The Government needs to break companies up when they get so large that their failure can hurt the entire economy. They also need to break up monopolies.
Quote:
amp244 said: The Federal Reserve, Progressive Income Tax, state administered education, these are Marxist ideas, not capitalist ones. They didn't exist in this country until the 20th century.
These all helped create a strong middle class.
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amp244 said: Under capitalism, the banks fail, and the taxpayer keeps their money, and the people who defaulted lose their homes.
You forgot to mention that when banks fail, innocent people with money in those banks also lose. And when a 'too big to fail' bank fails and causes other companies with money tied up in those banks to fail also, even more innocent people lose. That's capitalism.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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hostileuniverse
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Please explain what caused the jimmy carter recession, you know, before Reagan and them evil republicans fucked everything up,
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Crumist
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Re: Official Hillary vs Trump Debate Thread. [Re: hostileuniverse] 2
#23712140 - 10/06/16 05:09 AM (7 years, 3 months ago) |
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The cycles of boom times and crashes is a product of speculative capitalism, and the Presidents or even Congress have far less impact than many often ascribe to them.
-------------------- 'I am all for resources being allocated to the widowed single mother of 3, lost husband over seas fighting for our country. I am for vets getting mental health access and resources following war. I am not for free money cause a woman can't close her legs or some chump with low testosterone no going to work cause "i'm sad."' -finalexplosion Nice knowin ya'll! https://www.shroomery.org/forums/showflat.php/Number/23904704/vc/1#23904704
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hostileuniverse
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Re: Official Hillary vs Trump Debate Thread. [Re: Crumist]
#23712167 - 10/06/16 05:42 AM (7 years, 3 months ago) |
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Quote:
Crumist said: The cycles of boom times and crashes is a product of speculative capitalism, and the Presidents or even Congress have far less impact than many often ascribe to them.
An argument only used to defend recessions during a democrat president, when it's a republican, it was intentional to give more money to big business!
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qman
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Quote:
Falcon91Wolvrn03 said:
Quote:
amp244 said: Capitalism didn't cause 2007 or 1929.
What caused it then? We had rising income inequality before those times, putting less of the available money into the hands of consumers. Banks operated without federal protection before the Great Depression, creating a climate of panic when times got tough. Few regulations were placed on banks and they lent money to those who speculated recklessly in stocks...
Quote:
amp244 said: And if you like too big to fail than hell yea buddy, keep saving the market and watching this wealth inequality you decry grow and grow!
It's the liberals that are calling to end 'too big to fail'. The Government needs to break companies up when they get so large that their failure can hurt the entire economy. They also need to break up monopolies.
Quote:
amp244 said: The Federal Reserve, Progressive Income Tax, state administered education, these are Marxist ideas, not capitalist ones. They didn't exist in this country until the 20th century.
These all helped create a strong middle class.
Quote:
amp244 said: Under capitalism, the banks fail, and the taxpayer keeps their money, and the people who defaulted lose their homes.
You forgot to mention that when banks fail, innocent people with money in those banks also lose. And when a 'too big to fail' bank fails and causes other companies with money tied up in those banks to fail also, even more innocent people lose. That's capitalism.
And their failures cleans out the bad practices, would it make you feel better when people lose their money under crony capitalism/socialism?
You're the one that wants to bailout these banks, how does that help breaking up 'too big to fail'?
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Great Scott
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Re: Official Hillary vs Trump Debate Thread. [Re: qman] 1
#23712670 - 10/06/16 10:03 AM (7 years, 3 months ago) |
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You guys. I experienced income inequality the other day. I brought 50 lbs. to market and only made half as much money as the guy who brought 100 lbs. to market. So unfair. Where's my gubment equalizer?
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elax420
Anal Destroyer


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Re: Official Hillary vs Trump Debate Thread. [Re: qman]
#23712677 - 10/06/16 10:05 AM (7 years, 3 months ago) |
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Falcon91Wolvrn03
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Re: Official Hillary vs Trump Debate Thread. [Re: Crumist] 1
#23713223 - 10/06/16 01:23 PM (7 years, 3 months ago) |
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Quote:
Crumist said:
Quote:
hostileuniverse said: Please explain what caused the jimmy carter recession, you know, before Reagan and them evil republicans fucked everything up,
The cycles of boom times and crashes is a product of speculative capitalism...
Exactly. 
And Carter can actually be credited with passing the "Federal Reserve Reform Act of 1977", after which time the boom/bust cycles were greatly stabilized (until banking deregulation came along):
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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Falcon91Wolvrn03
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Re: Official Hillary vs Trump Debate Thread. [Re: qman]
#23713237 - 10/06/16 01:27 PM (7 years, 3 months ago) |
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Quote:
qman said: their failures cleans out the bad practices, would it make you feel better when people lose their money under crony capitalism/socialism?
Their failures don't clean anything. The banking executives that caused the Great Recession made huge sums of money during the bubble, and they'd still be filthy rich whether their banks collapsed or not. It's the shareholders and the business partners of the banks that lose out.
Quote:
qman said: You're the one that wants to bailout these banks, how does that help breaking up 'too big to fail'?
No, I don't want to bail out any banks. I keep saying we need to end 'too big to fail'.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
Edited by Falcon91Wolvrn03 (10/06/16 02:57 PM)
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Great Scott
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Quote:
Falcon91Wolvrn03 said: filthy rich weather
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hostileuniverse
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Quote:
Falcon91Wolvrn03 said:
Quote:
qman said: their failures cleans out the bad practices, would it make you feel better when people lose their money under crony capitalism/socialism?
Their failures don't clean anything. The banking executives that caused the Great Recession made huge sums of money during the bubble, and they'd still be filthy rich whether their banks collapsed or not. It's the shareholders and the business partners of the banks that lose out.
Quote:
qman said: You're the one that wants to bailout these banks, how does that help breaking up 'too big to fail'?
No, I don't want to bail out any banks. I keep saying we need to end 'too big to fail'.
I think this is an interesting statement, I too would love to end "too big too fail" although the means to the end is different, i was against the bailouts, you were not, I would let businesses fail, you won't.
Your ideals aren't backed up by your statements
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Falcon91Wolvrn03
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Re: Official Hillary vs Trump Debate Thread. [Re: hostileuniverse] 1
#23713611 - 10/06/16 03:45 PM (7 years, 3 months ago) |
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Quote:
hostileuniverse said: I too would love to end "too big too fail" although the means to the end is different, i was against the bailouts, you were not, I would let businesses fail, you won't.
Your ideals aren't backed up by your statements 
No, I'm NOT against businesses failing.
I said we shouldn't allow businesses to get too big to fail, we should break them up so that we CAN allow them to fail without the entire economy sinking into the abyss.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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hostileuniverse
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you've said many times you supoorted the bailouts, true or not?
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Great Scott
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Re: Official Hillary vs Trump Debate Thread. [Re: hostileuniverse]
#23714239 - 10/06/16 07:50 PM (7 years, 3 months ago) |
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Quote:
Falcon91Wolvrn03 said:

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The Ecstatic
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Re: Official Hillary vs Trump Debate Thread. [Re: hostileuniverse] 1
#23714246 - 10/06/16 07:55 PM (7 years, 3 months ago) |
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Quote:
hostileuniverse said: you've said many times you supoorted the bailouts, true or not?
He doesnt want to be in the position of a bailout, but to use one if necessary.
How is this so difficult to understand?
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Great Scott
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Re: Official Hillary vs Trump Debate Thread. [Re: The Ecstatic]
#23714281 - 10/06/16 08:07 PM (7 years, 3 months ago) |
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Quote:
The Ecstatic said:
Quote:
hostileuniverse said: you've said many times you supoorted the bailouts, true or not?
He doesnt want to be in the position of a bailout, but to use one if necessary.
How is this so difficult to understand? 
Because it feeds into the Hegelian dialectic of those who seek to rule us with Problem-Reaction-Solution scams.
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The Ecstatic
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Re: Official Hillary vs Trump Debate Thread. [Re: Great Scott] 1
#23714291 - 10/06/16 08:14 PM (7 years, 3 months ago) |
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You mean problem solving?
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Great Scott
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Re: Official Hillary vs Trump Debate Thread. [Re: The Ecstatic]
#23714317 - 10/06/16 08:22 PM (7 years, 3 months ago) |
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I mean like spilling something on purpose so you can come back later and charge money to clean it up. It's a racket.
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Falcon91Wolvrn03
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Re: Official Hillary vs Trump Debate Thread. [Re: hostileuniverse] 1
#23714352 - 10/06/16 08:35 PM (7 years, 3 months ago) |
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Quote:
The Ecstatic said:
Quote:
hostileuniverse said: you've said many times you supoorted the bailouts, true or not?
He doesnt want to be in the position of a bailout, but to use one if necessary.
How is this so difficult to understand? 
Exactly! Smart people easily get it. 
If someone pointed a gun to your head and told you that you have a choice between getting a cock up your ass, or a bullet in your brains, I'd advise you to take the cock up your ass. That doesn't mean I support ass rape.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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Falcon91Wolvrn03
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Re: Official Hillary vs Trump Debate Thread. [Re: Great Scott]
#23714355 - 10/06/16 08:36 PM (7 years, 3 months ago) |
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Quote:
PeyoteZen said: I mean like spilling something on purpose so you can come back later and charge money to clean it up. It's a racket. 
Please explain how your metaphor equates to any position I've taken.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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