Comments on: This is Why Republicans Can’t Win Elections These Days http://www.sundriesshack.com/2009/02/16/this-is-why-republicans-cant-win-elections-these-days/ Delivering the Best of the New Media Since 2004. Fri, 25 May 2012 06:20:26 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: El Gordohttp://www.sundriesshack.com/2009/02/16/this-is-why-republicans-cant-win-elections-these-days/comment-page-1/#comment-681038 El Gordo Tue, 17 Feb 2009 12:05:11 +0000 http://www.sundriesshack.com/?p=7780#comment-681038 fostert - "But Phil Gramm wanted this, and Bill Clinton capitulated" Phil Gramm wanted what? Please explain precisely how a "Republican philosophy" led to the current situation? Do you understand what you are saying? fostert – "But Phil Gramm wanted this, and Bill Clinton capitulated"

Phil Gramm wanted what? Please explain precisely how a "Republican philosophy" led to the current situation? Do you understand what you are saying?

]]> By: Seanhttp://www.sundriesshack.com/2009/02/16/this-is-why-republicans-cant-win-elections-these-days/comment-page-1/#comment-681036 Sean Tue, 17 Feb 2009 11:28:14 +0000 http://www.sundriesshack.com/?p=7780#comment-681036 Came by way of the <i>Million Hit Blogger</i>. I would see them fail. I don't care WHAT anyone says, if banks fail, SOMEONE will pick them up for cheap prices and push onward. The FDIC can guarantee folks money, but I see it as transferring my account to the new owner- much like my mortgage that was sold twice in the past 4 years. Came by way of the Million Hit Blogger. I would see them fail. I don't care WHAT anyone says, if banks fail, SOMEONE will pick them up for cheap prices and push onward.

The FDIC can guarantee folks money, but I see it as transferring my account to the new owner- much like my mortgage that was sold twice in the past 4 years.

]]> By: Jimmiehttp://www.sundriesshack.com/2009/02/16/this-is-why-republicans-cant-win-elections-these-days/comment-page-1/#comment-680993 Jimmie Mon, 16 Feb 2009 23:57:40 +0000 http://www.sundriesshack.com/?p=7780#comment-680993 I'll also add that there aren't many industries more regulated than the financial industry. I'll also add that there aren't many industries more regulated than the financial industry.

]]> By: Jimmiehttp://www.sundriesshack.com/2009/02/16/this-is-why-republicans-cant-win-elections-these-days/comment-page-1/#comment-680992 Jimmie Mon, 16 Feb 2009 23:52:59 +0000 http://www.sundriesshack.com/?p=7780#comment-680992 A huge part of the problem is the regulation we've already had on banks. Like it or not, forcing banks under the CRA to extend themselves much farther than they wanted, then having the GSE's buy up their bad mortgages put them in a bad spot when the mortgage market slipped. The problem is that the banks were under the gun. If they didn't play ball with the gov't, the Clinton admin has already put into place the resources to let activist groups run them through the mill. If they did, they ended up holding a lot of bad paper that they could only reasonably recoup by bundling up with better paper. But when the GSEs went bad, that took a lot of good paper down with them. But it was not, in fact, a "Republican Philosophy" that got us most of the way to where we are today. Hell, just repealing the "mark to market" rules that the Dems put into place would solve many of the bigger problems. A huge part of the problem is the regulation we've already had on banks. Like it or not, forcing banks under the CRA to extend themselves much farther than they wanted, then having the GSE's buy up their bad mortgages put them in a bad spot when the mortgage market slipped. The problem is that the banks were under the gun. If they didn't play ball with the gov't, the Clinton admin has already put into place the resources to let activist groups run them through the mill. If they did, they ended up holding a lot of bad paper that they could only reasonably recoup by bundling up with better paper. But when the GSEs went bad, that took a lot of good paper down with them.

But it was not, in fact, a "Republican Philosophy" that got us most of the way to where we are today. Hell, just repealing the "mark to market" rules that the Dems put into place would solve many of the bigger problems.

]]> By: fosterthttp://www.sundriesshack.com/2009/02/16/this-is-why-republicans-cant-win-elections-these-days/comment-page-1/#comment-680991 fostert Mon, 16 Feb 2009 23:27:17 +0000 http://www.sundriesshack.com/?p=7780#comment-680991 Well, I guess I can post. That Lindsey Graham is talking about nationalization says quite a lot about how bad Bush let this problem get. I'm with you Jimmie, I don't like the nationalization of banks. I preferred regulating banks so they wouldn't get themselves into this kind of problem in the first place. But Phil Gramm wanted this, and Bill Clinton capitulated. So we are we where are. Clinton certainly deserves a lot of blame for buying into Republican philosophy. But perhaps Republicans deserve some blame for pushing that philosophy. Whatever, we're here where we are. The question is how to get out of the forest, and we have no dog to lead us out. I wish I had an answer, but I don't. I know that consumption must increase because inventory numbers look really bad (high inventory is bad). It's really hard to sell things now. That's not good for us engineers. I'm okay for now, I'm in the medical industry. People need my services, and people naturally get elective services when they get laid off. They still get their insurance, but now have the time to do it. A year from now, we'll get the economic hit. By then, much fewer people can afford our services. I'd say it sucks for those people who don't have insurance, but I haven't had it for ten years. And any insurance policy I could get would cost a minimum of $70,000 per year. Lloyd's of London will do that, but I can self-insure for less than that. So I have little sympathy for those who lose their insurance. They are simply in my boat. Well, I guess I can post. That Lindsey Graham is talking about nationalization says quite a lot about how bad Bush let this problem get. I'm with you Jimmie, I don't like the nationalization of banks. I preferred regulating banks so they wouldn't get themselves into this kind of problem in the first place. But Phil Gramm wanted this, and Bill Clinton capitulated. So we are we where are. Clinton certainly deserves a lot of blame for buying into Republican philosophy. But perhaps Republicans deserve some blame for pushing that philosophy. Whatever, we're here where we are. The question is how to get out of the forest, and we have no dog to lead us out. I wish I had an answer, but I don't. I know that consumption must increase because inventory numbers look really bad (high inventory is bad). It's really hard to sell things now. That's not good for us engineers. I'm okay for now, I'm in the medical industry. People need my services, and people naturally get elective services when they get laid off. They still get their insurance, but now have the time to do it. A year from now, we'll get the economic hit. By then, much fewer people can afford our services. I'd say it sucks for those people who don't have insurance, but I haven't had it for ten years. And any insurance policy I could get would cost a minimum of $70,000 per year. Lloyd's of London will do that, but I can self-insure for less than that. So I have little sympathy for those who lose their insurance. They are simply in my boat.

]]> By: fosterthttp://www.sundriesshack.com/2009/02/16/this-is-why-republicans-cant-win-elections-these-days/comment-page-1/#comment-680990 fostert Mon, 16 Feb 2009 23:03:36 +0000 http://www.sundriesshack.com/?p=7780#comment-680990 does this work? does this work?

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