The REAL Effect of Obama's Policies Regarding Jobs

[mookiemookie]

Originally Posted by Aramike

I just don't see that.

Well, not quite - You don't WANT to see that. Politics is played by negatively bashing the other side's proposals, regardless of what it is. If the Republicans discovered a money tree, the Dem's would call it irresponsible and a fake, just so the other side wouldn't score a political point. It's suicide to admit the other side has a good idea - even if you don't have a better one, you need to down the other side's idea so they can't one up you.

This is the kind of thing that makes politics so futile to argue - one side will never see that their team is just as guilty as the other team for any criticism levelled. They're all politicians, they all play by the same rules. They ALL WILL POO POO THE OTHER'S IDEAS, REGARDLESS OF THEIR OWN!

Originally Posted by Aramike

They however were excellent at destroying Bush's reform plan which, quite frankly, would likely have flat-out prevented (if not substantially reduce the impact of) our recent recession.

Bush's plan would not have restricted investment banks from leveraging 40 to 1, it would not have prevented the Fed from lowering interest rates too far for too long, it wouldn't have checked the unmitigated growth of financial derivatives and it would not have prevented credit rating agencies from rating junk paper as AAA, so it would have done nothing for mitigating the recession.