Mileage Psycho Posted March 28, 2017 Author Share Posted March 28, 2017 47 minutes ago, f7ben said: there were all kinds of businesses that suffered....why should just the construction industry have gotten a govt hand out. the recession touched every industry but the govt let plenty of businesses go under while infuses tax dollars into others. that is called picking winners and losers There is pie chart for you below. 25 minutes ago, f7ben said: I think that the liquidity that was provided should have gone directly to consumer lending ...not to line the pockets of the big banks investing in rigged sure things. I am a free market fundamentalist.....certainly not a Keynesian corporatist You're confusing the $700B Bush bailout of the banking industry with the ARRA. Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 28, 2017 Share Posted March 28, 2017 1 minute ago, Mileage Psycho said: There is pie chart for you below. You're confusing the $700B Bush bailout of the banking industry with the ARRA. My commentary was in general concerning the Bush bill , the ARRA and QE 1 2 3 4 and however many others there were Quote Link to comment Share on other sites More sharing options...
Mileage Psycho Posted March 28, 2017 Author Share Posted March 28, 2017 Just now, f7ben said: My commentary was in general concerning the Bush bill , the ARRA and QE 1 2 3 4 and however many others there were The discussion was ARRA, and you're the one who stated that just the construction industry got the handout, I just wanted to educate with the reality of what happened. 10% for infrastructure was construction and that was heavy construction. 30% tax relief for individuals was the lions share of ARRA. Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 28, 2017 Share Posted March 28, 2017 Just now, Mileage Psycho said: The discussion was ARRA, and you're the one who stated that just the construction industry got the handout, I just wanted to educate with the reality of what happened. 10% for infrastructure was construction and that was heavy construction. 30% tax relief for individuals was the lions share of ARRA. I know , I read the contents of the act prior .....its all stimulus and I dont agree with any governent intervention at all. The big banks should have been allowed to fail for a start. Fuck the global markets and their tantrums Quote Link to comment Share on other sites More sharing options...
Mileage Psycho Posted March 28, 2017 Author Share Posted March 28, 2017 Just now, f7ben said: I know , I read the contents of the act prior .....its all stimulus and I dont agree with any governent intervention at all. The big banks should have been allowed to fail for a start. Fuck the global markets and their tantrums Yea we should gone the route of the Great Depression.................... Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 28, 2017 Share Posted March 28, 2017 Just now, Mileage Psycho said: Yea we should gone the route of the Great Depression.................... Propping up the banks and filling their pockets so they could wash rinse repeat is no better .....we will have another crisis in no time and they will be crying for another trillion and 10 years of loose money Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted March 28, 2017 Share Posted March 28, 2017 2 minutes ago, Mileage Psycho said: Yea we should gone the route of the Great Depression.................... 1 more example of dragging out something with government intervention Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted March 28, 2017 Share Posted March 28, 2017 any one want to talk about the government home loan policy's that lead to this collapse? Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 28, 2017 Share Posted March 28, 2017 4 minutes ago, Ez ryder said: any one want to talk about the government home loan policy's that lead to this collapse? it was about 3% home loan policy and 97% deregulation of the banks and removal of glass steagall Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted March 28, 2017 Share Posted March 28, 2017 1 hour ago, f7ben said: it was about 3% home loan policy and 97% deregulation of the banks and removal of glass steagall um yeah better look a bit deeper . I would give it a 60% or higher on home lone policy . Quote Link to comment Share on other sites More sharing options...
spin_dry Posted March 28, 2017 Share Posted March 28, 2017 he's simply jumping from one promise to the next. basic con man shit. first it's cadillac healthcare for everyone and now it's broadband internet for every american. excuse me while i find a puke bucket. i ain't buying any of it. next..... Quote Link to comment Share on other sites More sharing options...
spin_dry Posted March 28, 2017 Share Posted March 28, 2017 3 hours ago, Ez ryder said: any one want to talk about the government home loan policy's that lead to this collapse? you mean all those $600,000-$1,000,000 jumbo home loans that were given with no underwriting? or was it the corruption that stretched from home appraiser to wall street investment specialist. do tell..... are you now now going to give the Fox News version? poor people and fanny mae? Quote Link to comment Share on other sites More sharing options...
Cold War Posted March 28, 2017 Share Posted March 28, 2017 15 hours ago, Mileage Psycho said: 11 bills were passed in Obama's first 100 days, we are now at the 67th day of Trump's presidency and bills passed are? Passed bills? How about took the governments foot off the neck of the auto industry and good jobs are coming and staying in Michigan. Ford just announced they will be investing heavily in three local plants................You will no doubt have to search for the good news. Quote Link to comment Share on other sites More sharing options...
Mileage Psycho Posted March 28, 2017 Author Share Posted March 28, 2017 1 minute ago, Cold War said: Passed bills? How about took the governments foot off the neck of the auto industry and good jobs are coming and staying in Michigan. Ford just announced they will be investing heavily in three local plants................You will no doubt have to search for the good news. How about if Obama would have just let GM and Chrysler swing by there necks, then we could have watched the whole state of Michigan implode and that includes Ford. You're really not to bright eh Quote Link to comment Share on other sites More sharing options...
Cold War Posted March 28, 2017 Share Posted March 28, 2017 1 minute ago, Mileage Psycho said: How about if Obama would have just let GM and Chrysler swing by there necks, then we could have watched the whole state of Michigan implode and that includes Ford. You're really not to bright eh Like all the little guys had to do? Ahh, when insulting someone's intelligence ........ big shot. Quote Link to comment Share on other sites More sharing options...
Anler Posted March 28, 2017 Share Posted March 28, 2017 11 minutes ago, Cold War said: Like all the little guys had to do? Ahh, when insulting someone's intelligence ........ big shot. So let 2 million auto workers hang to save the "little guys"? Do you understand the economic impact of that? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 28, 2017 Platinum Contributing Member Share Posted March 28, 2017 (edited) 13 hours ago, Anler said: The recovery act kept alot of companies from going under during those years. People can argue about but I and others lived it. Very stressful time. It was basically started under Bush. Bush did reach out to the Obama team as he knew it would crossover to Obama. Just imagine the chances of that going on today. BTW I disagreed with large portions of the bill. Non Essential items Conservatives, represented by House Minority whip Eric Cantor, R-Va., complained, “This was not a stimulus bill. It was a spending bill.” [19] Some of the "stimulus" proposals attacked by conservatives: $650 million for digital TV coupons $600 million for new cars for the federal government $6 billion for colleges/universities The plan establishes at least 32 new government programs at a cost of over $136 billion [20] $25 million for new ATV trails $400 million for the National Endowment for the Arts $400 million for global warming research $30 billion has been set aside for infrastructure spending $200 million for Dep. of Defense to acquire alternative energy vehicles. $1.5 billion for a CO2 Reductions $4.2 billion for community organizing [21] $3.5 billion for higher education facilities $400 million for HIV and chlamydia testing $150 million for The Smithsonian $81 billion for Medicaid $36 billion for expanded unemployment benefits $20 billion for food stamps $83 billion for the earned income credit for non-taxpayers $54 billion to federal programs Economic Development Administration, the Small Business Administration, the 10 federal job training programs $66 billion for education $650 million coupons to subsidize digital television conversion $572 million for Coast Guard improvements [22] $1 billion to subsidize Amtrak $2 billion to help subsidize child care $2.25 billion for national parks $75 million for programs to help people quit smoking $44 million to renovate the headquarters building of the Agriculture Department $200 million for the National Mall, including $21 million for sod $53.4 billion for science facilities, high speed Internet, and miscellaneous energy and environmental programs. $32 billion for a "smart" electricity grid to minimize waste $13 billion for public housing, the homeless, renovate foreclosed homes $20 billion for quicker depreciation and write-offs for equipment $10.3 billion for tax credits to help families defray the costs of college tuition Edited March 28, 2017 by Highmark Quote Link to comment Share on other sites More sharing options...
Momorider Posted March 28, 2017 Share Posted March 28, 2017 17 hours ago, Mileage Psycho said: 11 bills were passed in Obama's first 100 days, we are now at the 67th day of Trump's presidency and bills passed are? 6 with 12 pending Quote Link to comment Share on other sites More sharing options...
Momorider Posted March 28, 2017 Share Posted March 28, 2017 1 hour ago, Mileage Psycho said: How about if Obama would have just let GM and Chrysler swing by there necks, then we could have watched the whole state of Michigan implode and that includes Ford. You're really not to bright eh No chance all that production capacity and branding would not have been acquired by other auto manufactures like any normal bankruptcy rather than being bought for the union by the taxpayer eh Ballsack Quote Link to comment Share on other sites More sharing options...
Cold War Posted March 28, 2017 Share Posted March 28, 2017 1 hour ago, Cold War said: Passed bills? How about took the governments foot off the neck of the auto industry and good jobs are coming and staying in Michigan. Ford just announced they will be investing heavily in three local plants................You will no doubt have to search for the good news. 1 hour ago, Anler said: So let 2 million auto workers hang to save the "little guys"? Do you understand the economic impact of that? Where do you guys get this shit? Reread my post. I merely stated jobs were staying and be created in Michigan, and now I am against the bailout, don't understand economics, want to see the state implode,. not giving Obama his just dues. Jesus Christ. Chaos!!!!!! Trumps destroying the Country!!!!! He's an asshole!!!!! Better? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 28, 2017 Platinum Contributing Member Share Posted March 28, 2017 13 hours ago, f7ben said: Propping up the banks and filling their pockets so they could wash rinse repeat is no better .....we will have another crisis in no time and they will be crying for another trillion and 10 years of loose money Lets not forget the $4.5 Trillion in QE the US has done. FUBAR Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 28, 2017 Platinum Contributing Member Share Posted March 28, 2017 1 hour ago, Anler said: So let 2 million auto workers hang to save the "little guys"? Do you understand the economic impact of that? The auto industry would have been scooped up and maintained for the right price. The govt did it for the Unions. Quote Link to comment Share on other sites More sharing options...
Mileage Psycho Posted March 28, 2017 Author Share Posted March 28, 2017 2 hours ago, Momorider said: 6 with 12 pending What bills have been passed Momo? Quote Link to comment Share on other sites More sharing options...
Momorider Posted March 28, 2017 Share Posted March 28, 2017 Just now, Mileage Psycho said: What bills have been passed Momo? look it up its all on the federal site you fucking penis head dago midget know nothing clown Quote Link to comment Share on other sites More sharing options...
Mileage Psycho Posted March 28, 2017 Author Share Posted March 28, 2017 2 hours ago, Momorider said: No chance all that production capacity and branding would not have been acquired by other auto manufactures like any normal bankruptcy rather than being bought for the union by the taxpayer eh Ballsack 2 hours ago, Highmark said: The auto industry would have been scooped up and maintained for the right price. The govt did it for the Unions. Birds of a feather flock together Quote Link to comment Share on other sites More sharing options...
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