I agreeto Idea Stop interfering with the economy!
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Stop interfering with the economy!

Why Is This Idea Important?: Government intrusion in the economy makes it worse.

Einhorn: Obama Blowing Up Another Bubble

Monday, June 8, 2009 11:39 AM

By: Julie Crawshaw Article Font Size

The Obama administration is using the same naive playbook the Bush administration used, says Greenlight Capital fund manager David Einhorn.

"The basic strategy appears to be to try to bring us back to 2006 by propping up asset prices and re-inflating the popped credit bubble while hoping for an economic recovery," Einhorn told attendees at the recent Ira W. Sohn Investment Research Conference.

Read more here: http://moneynews.com/economy/senior_foreclosures/2009/06/08/222669.html?s=al&promo_code=811C-1

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Submitted by tolynette 3 years ago

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Comments (3)

  1. Uncle MythMan Jay Hubbard

    I don't know if Oklahoma's "financially solvent" (like I heard North Dakota is), but individually we owe the money we use and earn the money we spend.

    3 years ago
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  2. magikrider909

    Well, now my comments are being censored. I guess I struck a nerve with someone.

    3 years ago
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  3. luvwith

    GEORGE BUSH WAS THE GREATEST REPUBLICAN PRESIDENT IN THE HISTORY OF THIS COUNTRY

    Nobody in the history of this country was more successful at passing what conservatives will tell you are their key issues. He was not a failure by any stretch of the imagination if you are judging by how much of his party's agenda was achieved.

    What did he do to deserve this title?

    Biggest tax cuts in history

    Biggest cuts in "social" programs

    Biggest rollbacks of environmental protections

    Most defense spending ever

    Biggest rollbacks in business and development regulations

    Biggest giveaways of public land for mountaintop mining and timber

    Biggest crackdown on civil liberties

    Biggest cuts in higher education budgets

    Privatization of Military, law enforcement and prison infrastructure

    Biggest cuts in Veteran's benefits

    Two new ultra right Supreme Court picks

    And on and on...

    There is nothing this man did that was a failure...if you are judging by whether one advances his party's interests. He was able to accomplish things that conservatives have been whimpering that the dirty "Libtard" congresses of Nixon, Bush I, and Reagan blocked them from doing for 40 years.

    Well, the stars lined up for them. They got everything they said would "free capitalism" from the bonds of "big government" to work it's magic.

    What did we get?

    Worst job creation record since Hoover

    Actually LOST jobs over his entire first term

    300,000 jobs for his second term

    (Jimmy Carter created 10 million jobs in "worst economy in history”)

    Millions more people without health insurance

    Millions more collecting unemployment from the government

    Millions of people’s retirement saving WIPED OUT

    Homes worth half what people paid for them

    Major decline of respect for US in the world

    Continued terrorist attacks on US soil (Anthrax? Snipers?)

    Stagnant wages in the midst of inflation in the prices of fuel, food, education and health care resulting in a NET LOSS in the standard of living of the vast majority in this country

    Largest gap between rich and poor in this country since the beginning of the Great Depression

    It is not George W. Bush's fault and it is not his failure. The fault for the state of this country rests firmly on the POLICIES not the PERSONALITY of GEORGE W BUSH! It is conservative, trickle down, “let business regulate itself” policies that got us where we are.

    If we don't acknowledge that then we will repeat this experiment again in the next election. It is important for people to know what they are going to get when they vote for conservatives.

    If you make 250,000 a year or more and you want to shut the door to prosperity behind you so you don't need to share your loot then you should vote republican.

    But if you are trying to get there, and want policies that help that happen, like a good education and healthcare alternatives so you don't get trapped in a job you hate…even though you have a great idea for a business...then you need to vote for New Deal Liberalism.

    New Deal Liberalism is social spending to help you succeed and government regulation to keep powerful corporate interests from rolling right over you and crushing your hopes to line their own pockets the way they did to millions of others in the last 8 years.

    3 years ago
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