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Originally posted by Hemisphere
reply to post by Oldnslo
Sorry if I stole some of your thunder Oldnslo. I was similarly inspired and had not yet read your post.
Originally posted by poet1b
reply to post by Hemisphere
Few made money in the dotcom bubble, and most of them were crooks. The dot com bubble created by Newt and his fellow neocons who deregulated the finance industry, which then proceeded to destroy the technological expansion that was going on.
The economic boom of the 90ties under Clinton could have been sustained for decades, but the neocon free market communists destroyed it.
You people really need to stop parroting right wing propaganda and wake up to reality.
The current revolution that is going on will go on no matter what Obama does. Giant ICs will be gone in just a few decades. The writing is already on the wall.
Most Americans saw President Bill Clinton and Speaker Newt Gingrich as staunch foes--"the polar extremes of Pennsylvania Avenue." But as Steven Gillon reveals in The Pact, these powerful adversaries formed a secret alliance in 1997, a pact that would have rocked the political landscape, had it not foundered in the wake of the Lewinsky scandal. - Oxford University Press
During his original 2002 campaign, Emanuel "indicated his support of President Bush's position on Iraq, but said he believed the president needed to better articulate his position to the American people" - Wikipedia (of all places)
What changed was not what we knew; it was how we felt about what we knew. Investors in the late 1990's were excessively optimistic about the prospects for growth; at one point, one of my business school professors pointed out that for Dell to meet the growth rate implied by its stock, it would have to increase sales by 400% a year, every year, for the next two decades. Before they reached that target, they would run out of people on the planet to sell their computers to. Irrational exuberance is too kind--investors in the late 1990's had completely slipped their cams. - Jane Galt December 9, 2003
he got no serious corporate money for his campaign
Originally posted by poet1b
reply to post by Hemisphere
When you are people going to face the reality.
Seriously, what part of politics don't you understand.
Originally posted by poet1b
reply to post by Hemisphere
Oh, that was a link, I thought it was a headline. Usually a link is put just above or just below an ex quote. I did not realize it was a link.
I put you in a group of people who are starting to realize that blaming government doesn't work, who are finally seeing the damage that private institutions can do, but still cling to the free market ideology.
Since investment deregulation was enacted, the finance sector has been turned into a huge international casino. These derivative based investment funds carrying out naked short selling will always create stock market bubbles that then lead to busts. There can be no stable economic growth under such circumstances, and technological advances get destroyed. Our economy becomes a waste land.
Laws that regulate business are needed. Yes, regulations can become too much of a burden, but if they are not adequately put in place and enforced in order to be effective, then the destruction is even worse. This is what we have seen since 97 when banking de-regulation was introduced.
The sooner we can get people to wake up to the fact that the Free Market concept is just communism repackaged, just another foolishly unrealistic idealism that can not be made to work in the real world, the sooner we can start back on the road to true economic growth.