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The Water Cooler
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Romney speaks to his 1% pals
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<blockquote data-quote="71buickfreak" data-source="post: 1906805" data-attributes="member: 8373"><p>In all reality, Clinton started the whole thing by repealing Glass-Steagall. It was bank deregulation that allowed the housing bubble to bloom and subsequently burst to epic propertions. The Iraq war allowed the oil companies to boost their prices, and suddenly we had $3.50 gas, which pushed the prices on EVERYTHING else up. Obama has taken this country back to Keynesian economics, which DOES NOT WORK and has been proven not to work time and time again. Supply side economics works, but Dems love to blame all the world's ills on reaganomics, but it worked. </p><p></p><p>Europe maintains a Keynesian based economy, how is that working out for them? It has it's moments, but when you are already leveraged beyond control, you can't spend your way out of the gutter.</p></blockquote><p></p>
[QUOTE="71buickfreak, post: 1906805, member: 8373"] In all reality, Clinton started the whole thing by repealing Glass-Steagall. It was bank deregulation that allowed the housing bubble to bloom and subsequently burst to epic propertions. The Iraq war allowed the oil companies to boost their prices, and suddenly we had $3.50 gas, which pushed the prices on EVERYTHING else up. Obama has taken this country back to Keynesian economics, which DOES NOT WORK and has been proven not to work time and time again. Supply side economics works, but Dems love to blame all the world's ills on reaganomics, but it worked. Europe maintains a Keynesian based economy, how is that working out for them? It has it's moments, but when you are already leveraged beyond control, you can't spend your way out of the gutter. [/QUOTE]
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