05-29-2016, 03:33 PM
(05-29-2016, 09:23 AM)Maggot Wrote: I don't know, Bernie has some pretty whacky ideas. He has for a long time. This is what happens to old hippies sometimes, America is in a financial hole now because of crazy spending and allowing anyone to get credit for a house, car, anything, I don't blame the banks I blame the government for practically forcing the banks to let them get the credit to spur the economy. It's happening again and I wonder why we have not learned.
Venezuela and Puerto Rico is an example of people not paying their debt and filing for bankruptcy. Someone has to pay it. Bernie and Hillary would try and put out the fire with gasoline and not actually address the problem, if the feds were smart they would bump the prime rate to 8% before its to late.
Trump knows this but one term won't fix it.
uh.....I am going to assume, you being a man of distinction, that you have some stocks and bonds in your portfolio. If you blame the Government for the recession in 2008, then, you know certainly that it was Bush and co-harts who were in power then... it was Banks and Wall Street and their greed which caused everyone to lose their "shirts." Do you really think the economy is in the hole right now? Low interest rate stimulates the housing market, and financially speaking, raising prime rate to 8% would be a mistake...You do know, that President Obama has reduced the National deficit.......The market is at record highs.....just too bad I lost all my mutual funds, etc....and my house lost one third of its value under the "leadership" of Bush and his henchmen......here in Phoenix, my house will never go back to price we paid for it.......the banks were giving credit to everyone and their brother and suddenly we have a million foreclosures all over Phoenix....everything tanked......When i listed it two years ago, I had to price it $42,000 under what we paid for it and it still wouldn't sell at that price. People wanted me to come down another $10,000. I decided at that point that I would just lease/rent it out as I would never recover the cash we put into house......