tag:blogger.com,1999:blog-12389938.post8156236414461898602..comments2024-03-28T11:06:56.895-05:00Comments on PawPaw's House: The Tea PartyPawpawhttp://www.blogger.com/profile/14959820068377494313noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-12389938.post-37746157516264227752010-10-27T16:33:17.391-05:002010-10-27T16:33:17.391-05:00I think they are jumping the gun. The biggest cau...I think they are jumping the gun. The biggest caution in politics is to not get cocky, and they're a cocky bunch.<br /><br />The biggest players in the stock market are things like pension funds and market funds. The US government is a huge player, with things like mortgage funds, which caused the last bubble and burst. <br /><br />Actually, if you want to talk about history, there are five fairly commonly accepted causes of the Great Depression. The market crash of Black Tuesday was just one of them. The others are the bank failures (which we've had plenty of lately), the loss of consumer confidence (people quit buying stuff), the Smoot-Hawley Tariff (which caused a problem with European trade) and the drought of that period. Lots of farms lost. Each of these were a player in the cause of the Great Depression.<br /><br />The Republicans shouldn't get to cocky. We're pissed at them too.Pawpawhttps://www.blogger.com/profile/14959820068377494313noreply@blogger.comtag:blogger.com,1999:blog-12389938.post-62300459327270152422010-10-27T16:08:51.421-05:002010-10-27T16:08:51.421-05:00Jumping the gun a mite, the new Republican Congres...Jumping the gun a mite, the new Republican Congressional leadership in waiting is already planning massive financial deregulation. The inevitable result will be financial collapse in four to eight years. <br /><br />Lax regulation caused the Great Depression of the 1930s and the huge recession of 2008. Wall Street bankers and brokers without proper regulation tend to make themselves filthy rich at the expense of lowly ordinary citizens. If the Republicans get their wishes, prepare you and yours for Great Depression #2 sometime circa 2014. And remember I said it.....Jnoreply@blogger.com