18 Sep 2019 12:31 pm
Yes I did, in March of 2008, and you know I did because you replied and said that it was not going to happen.Termin8tor » 18 Sep 2019 7:10 am » wrote:You, an ignoramus about Economics, predicted the Financial Freeze?
That's believable.
It didn't take much of a genius to figure out that there was a housing bubble and people who had no business getting mortgages were getting mortgages.
Your Response:QUOTE (MistyBlue @ Mar 28 2008, 12:49 PM)
We are headed for an economic tsunami, and McCain's answer is to sit back and let the free market work it out.
Except I guess when some big bank fails. Then he will bail them out with our money.
Are you denying that you said that?QUOTE (RichClem @ Mar 28 2008, 12:58 PM)
We aren't on the verge of a meltdown, unless incompetent politicians pass stupid policy, which thankfully has not happened, except in small doses.
McCain has a strong economic plan, the centerpiece of which so far is to slash corporate tax rates, now among the highest in the world. He was being excessively modest when he said he doesn't know much about Economics, but at least he knows the basics; cutting taxes helps growth, and raising them hurts it.
Both Obama and Hillary are clueless on the subject, claiming their massive tax hikes will make the economy better. That's utter crap, the equivalent of proposing alchemy instead of Chemistry. Not a single school of Economics supports that ridiculous claim.