Comments on: Stimulating The Economy On The Backs Of The Poor http://www.frumforum.com/stimulating-the-economy-on-the-backs-of-the-poor Building a conservatism that can win again Sat, 11 Feb 2012 17:50:44 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: StarboardNow http://www.frumforum.com/stimulating-the-economy-on-the-backs-of-the-poor/comment-page-1#comment-44058 StarboardNow Sat, 28 Feb 2009 22:39:08 +0000 #comment-44058 The poor are up a creek much like the middle class will be shortly, the sad fact is they have far less flexibility to change their own 'well being', and care much more about day-to-day matters, like food, energy, clothing. Very soon, it will be evident that they will be far worse off as the cost of common goods and energy, coupled with increases taxes breaks their backs - and it will not be pretty. The middle class is only margnally insulated. The only hope is job generation, a robust energy policy (not green per se), and lower taxes. Conservative values. The poor are up a creek much like the middle class will be shortly, the sad fact is they have far less flexibility to change their own ‘well being’, and care much more about day-to-day matters, like food, energy, clothing. Very soon, it will be evident that they will be far worse off as the cost of common goods and energy, coupled with increases taxes breaks their backs – and it will not be pretty. The middle class is only margnally insulated. The only hope is job generation, a robust energy policy (not green per se), and lower taxes. Conservative values.

]]> By: fact based http://www.frumforum.com/stimulating-the-economy-on-the-backs-of-the-poor/comment-page-1#comment-40513 fact based Wed, 25 Feb 2009 16:00:34 +0000 #comment-40513 " There are many institutions to blame for that loosening, but Democrats in Congress top the list" I agree, the Dems marched into the boardrooms and trading rooms on wall street and demanded: thou shalt leverage your balance sheets 30:1 thou shalt create cdos thou shalt coerce credit rating agencies to rate these cdos highly thou shalt pressure unregulated mortgage lenders to churn out mortgages with lower and lower standards so you could package them and sell them thou shalt create more and more derivatives like cds to create more leverage thou shalt run to Secy Goldman Sachs Paulson to get the govt to bail you out yup blame it on the dems I can see a new contributor from the talk radio wing nut school ...welcome. Thankfully this is the old minority and if you keep this up you will never become the new majority ” There are many institutions to blame for that loosening, but Democrats in Congress top the list”

I agree, the Dems marched into the boardrooms and trading rooms on wall street and demanded:

thou shalt leverage your balance sheets 30:1
thou shalt create cdos
thou shalt coerce credit rating agencies to rate these cdos highly
thou shalt pressure unregulated mortgage lenders to churn out mortgages with lower and lower standards so you could package them and sell them
thou shalt create more and more derivatives like cds to create more leverage

thou shalt run to Secy Goldman Sachs Paulson to get the govt to bail you out

yup blame it on the dems

I can see a new contributor from the talk radio wing nut school …welcome.

Thankfully this is the old minority and if you keep this up you will never become the new majority

]]> By: gibberish http://www.frumforum.com/stimulating-the-economy-on-the-backs-of-the-poor/comment-page-1#comment-45184 gibberish Wed, 25 Feb 2009 13:05:50 +0000 #comment-45184 Now the true colors of the right are revealed! It is immoral for government to take your money or tell you what to do with it - unless you are poor in which case we insist you do what we want Now the true colors of the right are revealed! It is immoral for government to take your money or tell you what to do with it – unless you are poor in which case we insist you do what we want

]]> By: sinz54 http://www.frumforum.com/stimulating-the-economy-on-the-backs-of-the-poor/comment-page-1#comment-42540 sinz54 Wed, 25 Feb 2009 12:53:55 +0000 #comment-42540 Cavoisie asks: "Do you have any evidence at all that the money is/will be used for anything other than subsistence living?" I have plenty of evidence. Go into any convenience store or other place where state lottery tickets are sold. There you will see working-class folks spending their last dollar--all their lunch money and then some--to purchase state lottery tickets. I have a great way to stimulate the private sector: Let's abolish state lotteries and let those poor folks spend their lunch money on real goods instead of pipe dreams. Cavoisie asks: “Do you have any evidence at all that the money is/will be used for anything other than subsistence living?” I have plenty of evidence. Go into any convenience store or other place where state lottery tickets are sold. There you will see working-class folks spending their last dollar–all their lunch money and then some–to purchase state lottery tickets. I have a great way to stimulate the private sector: Let’s abolish state lotteries and let those poor folks spend their lunch money on real goods instead of pipe dreams.

]]> By: gibberish http://www.frumforum.com/stimulating-the-economy-on-the-backs-of-the-poor/comment-page-1#comment-55034 gibberish Wed, 25 Feb 2009 12:07:39 +0000 #comment-55034 So the thrust of the article is: Let's ban the poor from getting loans and never give them money, that'll teach 'em to save! So the thrust of the article is: Let’s ban the poor from getting loans and never give them money, that’ll teach ‘em to save!

]]> By: Cavosie http://www.frumforum.com/stimulating-the-economy-on-the-backs-of-the-poor/comment-page-1#comment-45703 Cavosie Wed, 25 Feb 2009 10:35:09 +0000 #comment-45703 Wow. This is nearly a delusional post. Putting aside your factual inaccuracies regarding the cause of the current crisis, your portrayal of Democrats as imposing the solution "on the backs of the poor" is both wrong and repugnant. Do you have any evidence at all that the money is/will be used for anything other than subsistence living? The stimulus effect is a BYPRODUCT of assistance--of getting money to people who most NEED it. Wow. This is nearly a delusional post. Putting aside your factual inaccuracies regarding the cause of the current crisis, your portrayal of Democrats as imposing the solution “on the backs of the poor” is both wrong and repugnant. Do you have any evidence at all that the money is/will be used for anything other than subsistence living? The stimulus effect is a BYPRODUCT of assistance–of getting money to people who most NEED it.

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