Originally Posted by DonDadda59
Man you went off on a tangent that had absolutely nothing to do with my post
But I'd like to just address the bold- nowhere did I attack free market capitalism, just specifically the deregulation and Reagonomics 'trickle down' theory. I don't know of any historical or present economy that was purely laissez-faire and I don't think anyone in their right mind would even want to see that, it'd be like a Dickens' novel on crack. What I was arguing is that the two aforementioned institutions, which many on the right are calling for a redux of, has been proven to be a failure. I don't know how you can look at the events of '08, and economic barometers of the past 10 years or so and conclude otherwise.
We were all there. We saw it play out in real time. Yet people want to double down on another recession and/or possible depression?
The economy was booming before the recession. The recession was due to banks writing subprime mortgages. It wasn't an issue of "republican economic policy" not working, it was a very specific problem.