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Who's more to blame for the debt/speculation/bubble that's destroyed the dollar and our economy?

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El Pinko Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-06-08 10:33 AM
Original message
Poll question: Who's more to blame for the debt/speculation/bubble that's destroyed the dollar and our economy?
Edited on Wed Aug-06-08 10:36 AM by El Pinko
Who's more to blame for the debt/speculation/bubble that's destroyed the dollar and our economy?
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bryant69 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-06-08 10:36 AM
Response to Original message
1. that last one could be reworded
"Both are to blame and neither are to blame - the inherent flaws of capitalism have eventually caught up with American Capitalism - this crumbling is no surprise and should be applauded as it will hopefully lead to an abandonment of predatory capitalism and and ousting of the corporatist class."

Bryant
Check it out --> http://politicalcomment.blogspot.com
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El Pinko Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-06-08 10:40 AM
Response to Reply #1
2. I'm not inclined towards wishful thinking.
For now, we will have to settle for Hope® and Change™. (IE, a repeat of the Clinton years, and that's only if we're UNBELIEVABLY lucky. Hell, we may be lucky to have a repeat of the Carter years the way things are heading...)
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sinkingfeeling Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-06-08 10:43 AM
Response to Original message
3. In all fairness, I blame St. Ronnie for starting the 'trickle down' economic theory, privatizing
government functions, reducing regulation, and the birth of 'debt capitalism'. The Bushes carried on. Bill Clinton failed to counter this trend effectively.
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ellenfl Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-06-08 10:59 AM
Response to Original message
4. WE are to blame. eom
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aspergris Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-06-08 11:16 AM
Response to Original message
5. stupid poll
for fuck's sake, i have to repeat this ad infinitum and people STILL DON'T get it.

debt/speculation/bubbles have formed (and popped) for centuries.

it is NOTHING new.

it is the NATURE of capital markets. in the long run it's part of a healthy process of price discovery.

morons who chase bubbles will of course get slaughtered. that's their frigging fault.

we have had bubbles in economies for CEN-TU-RIES.

study markets.

plus ca change.

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El Pinko Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-06-08 12:37 PM
Response to Reply #5
6. Then your answer is essentially #4.
Thank you for your smug little reply.
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