Do Democrats understand even the most basic aspects of economics?!?

Answers:5   |   LastUpdateAt:2012-10-06 10:19:02  

Asked at 2012-08-16 13:29:33
Have you noticed the thrust of Democrats ( Pelosi's supporters mostly) ... that this problem was caused by " deregulation?

How ignorant is this? You can simply throw an amorphous term and hope to fly.

OK Whatwas deregulated to cause this? Could he have been Fannie Mae and Freddie Mac? ? The entities were allowed to buy MORTGAGE REFUSE one after another ?

Not realizing that Democrats

Lenders will not lend money to people who can not afford it!

The only way you would is if I just had to have the loan for a short time and then pass it to something else ...

This housing crisis is just that! Fannie Mae and Freddie Mac bought loans that companies do not want !

So .... if no backup quasi - government for bad loans of banks .... would not have made the loans.

Very simple is not it ?

Democrats do not understand this basic concept ?
Answer1DinahAnswered at 2012-08-17 06:45:03
You do not understand the problems that deregulation has caused?

The deregulation of the lending industry made ​​bad loans as possible. Lenders did lend money to people who could not pay when adjustable interest rates soared. These predatory loans were no better than a " payday" or loan "title." They should have been illegal.
Answer2consquelaAnswered at 2012-09-02 19:53:03
Democrats probably do not even understand your question . All they know is that Barack Hussein Obama is "cool " .
Answer3Jan CAnswered at 2012-09-03 00:01:04
Deregulation did not cause this problem . Democratic Congress promised to back subprime loans , so that people with bad credit and no ability to repay the loans could obtain mortgages caused this problem . When the government and businesses operate and companies must understand that if they make bad decisions that will fail and not having a father taxpayer solve all your problems with massive injections of cash, then stop making bad decisions , and we find these problems solved .
Answer4Need HelpAnswered at 2012-09-12 01:38:04
no .. Democrats do not understand .... but if you do coloring books with lots of pictures simple , you can make a breakthrough ... MedlinePlus Indeed , Pelosi is absolutely useless . Instead of trying to solve the problems , she is making partisan comments . typical ...
Answer5SUBSTITUTION METHODAnswered at 2012-10-06 10:18:02
Raising taxes in tough economic times is meaningless.
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