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Star Bulk Carriers Corp. Message Board

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  • tough1er tough1er Nov 8, 2008 3:14 PM Flag

    divy announcement????

    Sayfu wrote: And who caused the financial chaos around the world?..liberals of course, that corrupted FANNIE and FREDDIE so that their poor constituents could get homes they couldn't pay for...all for the vote.
    They deserve what they are getting.

    Man, you've got a lot of poison built up. Breathe in, breathe out. I'm guessing you must listen to Rash Lamebaugh or one of his delusional ilk. They get you whipped into a frenzy and you go off half-cocked blaming everything on the other side.

    First, there is plenty of blame to go around for both parties on the sub-prime mortgage scandal. Republicans' hands are at least as dirty. They perpetually harp about deregulating every aspect of business in this country -- and, guess what, deregulation is what opened the floodgates to the colossal mess we have. Remember the crippling Savings and Loan debacle of the 1980s? You can thank deregulation. Enron's jaw-dropping abuses? Same crap. Now the sub-prime mortgage fiasco.

    The trend is clear. There is often an initial boom when deregulation occurs, but it's followed by the inevitable bust. You guys never seem to learn and it's now clear that your arrogance disguises an incredible ignorance.

    Here's another myth: debts don't matter. Reagan cranked up that theory big-time -- and today our national debt is soaring toward $11 trillion. Many American families, accepting the government's cue, are themselves now over their heads in debt, even as we see the number and caliber of jobs shrink.

    Meanwhile outsized tax cuts to the ultra-rich have only worsened the mounting deficit.

    So the Republican version of capitalism has, in the end, taken us down a major rathole. And that's mainly why much of the country said, in essence, get the hell out of the way; you've botched things up badly and we'll try to clean up your mess.

 
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