Gaigemasta wrote:I'm guessing you're referring to CRA, which was signed into law by Carter, and expanded under Clinton and Bush. This was a good law until you see the many unnecessary revisions it had, but with the combination of GSE, things turned out for the worse. GSE allowed banks to take advantage of the fact that more people are able to buy a home, they made lower interests rates (Federal Reserve) and allowed even more people to get loans, which was the catalyst to the "bubble". Even with CRA, it was still a difficult process to get a loan for housing, just not as difficult and biased. You can't fully blame our economic mishap on the housing bubble, but it was a portion of it. There are many factors and involved both democrats and republicans, but again, republicans played a much larger role.
No I was not actually, but that's also part of what started the artificial bubble. I'm not sure where you get this "republicans played a much larger role" when the only thing you can tell me they took part in, is hearsay mudslinging. I don't agree with what the republican part has stood for in the last couple decades, but to say the republicans are at more fault than the democrats, for a leftist idea... I don't know man, that sounds like a far cry from reality.
heroo wrote:I also never said the government should run businesses. They should oversee their activities and obviously they failed that since the U.S. had their biggest economic recession since the Great Depression. This lack of government is the main reason for this recession
This is more or less ignorance of the events that took place to cause the recession. The regulations that the government placed on banks and "free" market are more to blame than anything. Most any economist worth his weight, knew as far as 10-20 years in advance that this recession was going to hit. They knew why it would happen, and it was because the crap they were forcing banks to do.
heroo wrote:Also some things are not meant to be efficient, because safety or quality is more important then being efficient.
You do know you're talking about a government that takes the lowest bidder on just about every kind of contract job... I can't understand why you would insist that the government should not be efficient... and why do you think safety and quality have to be thrown out the window so one can be efficient at something?
heroo wrote:I am talking about things like gas, water, defense, electricity and yes even healthcare. These kind of things should be done by the government. We can't take the risk of letting companies do those kind of things, because companies only think of profit.
This is crazy lol, it's like you've become so dependent on government, that you think only government can do these things, and do them safe. (Which I'm really not getting where you think the government does things safer or more correct than private companies.)As a country, we got along just fine in all these fields (besides national defense of course, that's actually a fed gov. duty) just fine before out gov. co-opted everything.
heroo wrote: The U.S. are so hardcore capitilistic that they are even hiring private companies to help in the war (black cobra).
I am for a semi-communistic government. Semi as in the government has to take care of all the important services I mentioned before and they should have a controlling function on the free markets. It is the best way, believe me. None of the existing political or economical systems are perfect. You have to take the best of all systems and combine them. A system based on free markets with a government that overlooks all the activities.
And finally, a central government is the only key to succes. If you keep letting states decide on important things, the country wil get more and more divided. Imo, the biggest threat for the U.S. as a country is the freedom of the states. If it continues like this or it gets worse, it will be the downfall of the U.S.
Note: I actually love discussing about these kind of things, but I hate my English isn't 100%. Otherwise I could've really explained to you what I think should be best
When you have a government that controls the aspects of the market place, there is no such thing as "free" market anymore. A central government is not the only key to success. You can talk in terms of your country because perhaps you understand the formation and laws of your country, but this is not a one size fits all kind of thing. America became one of the greatest and most powerful counties in the world in a very short time, and it was all based on the constitution we have. When you start straying from this document, which we have been doing for at least a century, you began to lose the very thing that made us great. If we truly had a free market, the consumer would be the deciding factor on who will succeed and who will fail. So why would a company that is dangerous to the people, and screw the people over, why would they continue to be able to do so? They are allowed to now because we have government supported "monopoly". blah blah... How it was meant to be... Local government was suppose to have the most direct impact on a person's life. The state government was suppose to regulate the bigger decisions that effect the state, and decide on laws and such, so it would have an effect on your life, but not as direct as local. Then you have the federal government, which was supposed to make sure all the states were getting along with each other and also protect our national border. Go study the civil war a little, you'll find out, it wasn't started over slavery. It was started because the southern states wanted to keep their rights as states, and the federal government wanted to be able to pass more invasive laws. The whole slave thing was more or less propaganda used by Lincoln to gain support for the war.
The central government is to blame for most of our problems today. America does not need other counties to survive, we have everything we need within our borders, but our government has tied our arms behind our back so we have to be dependent on other countries. ... Another story for another time, would take too long to go into the whole thing... but yeah..
--I laughed about the part that the states making decisions would divide people. Umm... The fed gov has split this county in half yet again. If states were making decisions, if you didn't like the laws in that state, you move to another. If everyone leaves that state or votes differently than the state will change. THIS IS WHY ITS SUPPOSED TO STAY IN THE HANDS OF THE STATES! So when you don't like the government you don't have to leave the U.S.A, you just leave the state. (Sorry just frustrating to try and wrap my head around someone that sucks the federal government's tit. /tongue in cheek)
*Blue in the face*
Why are you even in this thread? 3x 3x 3x... 
