Feds' actions this week will go down as an historic vindication of liberal fiscal policy

[Tallison]

True or false? And I'm wondering here about how this event will mold prevailing economic theory on the merits of free(er) markets.

I never thought I'd live to read, "A (Republican) President Cites Urgent Need for Sweeping Intervention" in the free market my morning paper.

[kirby]

1. What does liberal fiscal policy mean?

I really think this bailout will prevent assigning blame and people learning lessons.

Personally, I think it highlights that you should never allow a company to become too big to fail. If it gets that big, it is bad public policy and should be prevented.

[Tallison]

4. I struggled myself with that expression

but by it this non-economist meant the opposite of 'conservative fiscal policy' that eschews regulation and promotes privatizing all industry under the theory that competition serves the consumer best. I'm wondering how profoundly the events of this week will go down as completely belying that theory.

[Democrats_win]

2. False. Americans feel sick that we have to bail out these crooks.

I also know that in a few years, the conservatives will be preaching the same old sermon again.

[Tallison]

5. I fear your second statement, too

That conservatives will be conservatives, as if there is some canonical merit to their ideology, contrary to the lessons of all evidence.

[sandnsea]

8. They're preaching it today

It's stunning. Except not. It will all be blamed on FHA and poor people, mark my words. If we aren't careful, we'll lose FHA and HUD.

[Tallison]

9. Christ, I hope you're wrong about that second statement

In my naive thinking, the lesson that the unregulated free market does not work toward even its own goals (never mind toward mine, as a progressive) is so self-evident. Analyzing this as anything to the contrary is a real contortionist exercise.

[cabluedem]

11. We should bail them out. Lets start building the gallows now.

the sooner the better.

[2Design]

3. liberals don't believe in giving more to the already fat cats! n/t

[sandnsea]

6. False. They'll never admit they're wrong

They still want to privatize social security. All I've heard today is that it's all the poor homeowners' fault. This will be used as an excuse to end FHA.

[cabluedem]

12. You are correct.

[mrcheerful]

7. Nope the republicon spin machine is already putting the blame on liberals

and democratics. It's their fault people were given loans they couldn't afford and the poor crashed Wall st with the democratic parties help. Never mind facts, we are talking about non liberals who still think Obama is muslim, refuses to wear a flag pin, has a muslim flag in his office, took the oath of office on the koran, with no experince on how government is run.

These are the same numb nuts who repeat the if you get in over your head you must step up and take responsibility instead of a governmental handout, lines fed to them by the republicon spin doctors. These are the ones who can't seem to grasp the fact that its billionares that are begging for government handouts, yet they lose nothing out of their bank accounts in order to get the handout.

It's really odd that these experts, for the most part, were born in the mid to late 70's, haven't a clue about life before Reagan. Keep talking about the great 50's and 60's and how it was republicon rule that made them great, they saw it on TV sit coms growing up.

These are the people who allow republicon spin doctors to rewrite history, hell half of them don't know that by 1800 congress had to enact laws to stop members of congress from dueling each other over governmental business. Remember Hamalton and Burr? That is what we liberals are up against, few question what they were told are told or will be told, if it goes against their republicon propaganda belief systems.

I doubt very much you or I can ever understand these peoples thinking, moderates, the fence sitters, for the most part are easily swayed into following along with the republicons because they don't like making waves, besides both parties are the same when it comes to corrupt politicans.

Just humble opinion and based on what I been hearing these past 30 years. Like the layed off GMC worker in the 80's living on welfare complaining about unions and welfare because Reagan told them welfare queens were the problem and deregulation/privatation was the answer.

[JackRiddler]

10. You need to figure out what "liberal" means, in several ways.

At any rate: What you saw this week was the final plunder-the-taxpayers operation on behalf of Wall Street by the Bush regime, with bipartisan support as usual, before the economy and likely the empire melt down.

[Tallison]

13. When it comes to economics, yes, I do...

since 80% of what I know about economics I've learned in the last week. What I mean to clumsily convey by the term is the alternative to 'conservative fiscal policy' that promotes a completely deregulated free market based on all kinds of (conservative) assumptions about social justice.

Not sure about the 'other ways' in which you think I need to figure out the term 'liberal.'

I'm still trying to comprehend the cause of the collapse, since I can't defensibly evaluate takes on the intervention before then.

[YellowRubberDuckie]

14. Liberal? Maybe. Socialistic? Absolutely!

My republican friends are flipping out at this bail out. It is the funniest thing I've ever watched.
Duckie

[MsTryska]

15. WRONG. Why?

because no one is bothering to connect the dots from Trickle Down Economics to Broke Down Economic System for the population at large.


Ask your Average American about the ramifications of a laissez-faire free market system. Then watch their eyes glaze over, as they remember they need to go to Wal-mart.

[JVS]

16. Nope. It'll say, "Tax and Spend Democrats add record pork to $700Billion bill"