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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: HPilot who wrote (137089)	9/16/2008 4:47:47 PM
From: Kevin Rose	1 Recommendation Respond to of 173976

Of course he didn't say that. It was a pyramid game, just like most bubbles. Once they artificially lowered rates, it caused a bubble, but Bush and the Republican Congress did not have the political will to burst that bubble. Besides, it's not the Republican way - aren't markets supposed to take care of themselves? But, what about artificially stimulated markets - how can they take care of themselves? The problem is in the translation of theoretical free market economics into practical terms. Totally free, unregulated markets are brutal - as evidenced by much of our pre-FDR economic history. There is a reason that the New Deal resulted in the US being a sustainable economic powerhouse. Republicans who hate the New Deal, and want to see it undone, are driving us back to the 'good old days' of panics and trusts.