If the free market worked the way conservatives thought it did, then it wouldn't matter whether there were overbearing regulations or not, the people in charge would still make the educated wise decisions that would lead to long-term success.

The fact that the moment a loophole for a short-term high-risk profit requiring unethical business practices pops up they all jump up and take it is evidence the regulation worked until it was removed, and that without it they would have acted like idiots.

What pisses me off the most is that most people who scream about free markets don't even understand what they mean, and can't define basic econ 101 terms, let alone see what was wrong about the repackaging of bad loans and essentially lying about their quality when they sold that debt and spread it around the financial system.

Things like this would be more amusing if she didn't sit on the United States House Permanent Select Committee on Intelligence (new window)

I don't know why it is. The dumbcrazier she gets the more I wants to weasall her!

Obama has been using his time machine a lot lately.

This woman is literally wrong about everything.

Smackledorfer: If the free market worked the way conservatives thought it did, then it wouldn't matter whether there were overbearing regulations or not, the people in charge would still make the educated wise decisions that would lead to long-term success.

And if that long-term success is best found by canning American jobs and shipping them to China to avoid those regulations?

Mentat: hillbillypharmacist: It may have been under the Republican's watch, but consider this: each Congress has its own problems to attend to, and it certainly didn't have time to correct every one of Clinton's furious efforts to handcuff and punish business.

Like repealing Glass-Steagal? Or unleashing Larry Summers on any regulator who tried to do their job? Or renominating Alan Greenspan to Fed Chairman? Or signing NAFTA?

He was being sarcastic.

Who?

KarmicDisaster: Obama has been using his time machine a lot lately.

Well he DID shoot Franz Ferdinand and caused WWI.

Petit_Merdeux: Clintoned in the boobies!


Thank you Fark, for giving us these wonderful expressions. :)

Michele Bachmann then went on to accuse chestnuts of being lazy, and made the bizarre claim that she invented the question mark.

Whats frustrating is that you can't argue with these people. Show them statistics that demonstrate how the CRA could not have possibly caused this and they'll clam that the statistics are invalid because the source is librul. Show them how the CRA only applied to large banks, not small banks or mortgage companies and they'll insist that small banks and independent mortgage companies played no role in the crisis. Its enough to make you crazy.

KarmicDisaster: Obama has been using his time machine a lot lately.



Disapproves.

I just ignore anything this useless, ignorant twat has to say.

liverleef: Whats frustrating is that you can't argue with these people. Show them statistics that demonstrate how the CRA could not have possibly caused this and they'll clam that the statistics are invalid because the source is librul. Show them how the CRA only applied to large banks, not small banks or mortgage companies and they'll insist that small banks and independent mortgage companies played no role in the crisis. Its enough to make you crazy.

Even funnier: Republicans claim that the financial collapse was all because of those damned liberals who used Federal power to force banks to loan money to minorities, so really, you should blame all your financial problems on minorities, and then they wonder, hey, how come minorities don't vote for us?

liverleef: [home.insightbb.com image 586x443]

oh come on. You know poor people are the ones who control the world economy. Just ask any Republicans.

Poor people want to be poor! Herman Cain said so so it must be true!

Other things Obama used his time machine for (according to Republicans):

Starting Afghanistan war
TARP
Starting the Guns walking programs under Bush

What can't Obama do?

I wonder when the first "economy started slowing down the second Democrats won Congress, they are at fault no matter what policies did or did not contribute to the crash" post will be.

/for people claiming Keynesianism is false, Republicans sure put a lot of faith in animal spirits (in the form of the party makeup of Congress) and tax cuts stimulating the economy.

Corvus: Other things Obama used his time machine for (according to Republicans):

Starting Afghanistan war
TARP
Starting the Guns walking programs under Bush

What can't Obama do?

He can't be The President. The constitushun prohibits it.

Fail in Human Form: Things like this would be more amusing if she didn't sit on the United States House Permanent Select Committee on Intelligence (new window)

Michele Bachmann. Committee on Intelligence. Michele Bachmann. Committee on Intelligence.Bachmann. Intelligence.

I need to be reminded that that's real from time to time. My brain just sort of rejects that information. It's just too implausible.

hubiestubert: Actually, Michelle, you retconning twunt, it came down to deregulation and greed. Betting on loans to fail, and passing them off before the game of financial hot potato before bad things happened.

That isn't Liberal. It isn't Conservative. It was about greed and stupidity. YOUR statements and trying to spin the events, that's MORE bone stoopid.

Congrats. You are working on a trifecta of dumb around the issue...

I have a feeling that all this public fellating of the rich is going to end up costing the republicans, while the democrats will quietly accept the campaign donations and tell us about how they feel our pain.