Economics courses do not teach how the economy works.

so? Bush did not reverse any of the liberal policies that caused the housing crisis. there were 132 liberal programs to get people into houses the free market said they could not afford. Have you ever heard of Fan/Fred which owned or guaranteed 75% of the subprime or Alt A mortgages at time of crisis began?

 

You're in way over your head.

 

The FACT is that housing prices weren't in a red zone until Bush took office.

While there's no doubt Clinton handed Bush a situation that could easily get out of hand, it was Bush's job to take strong steps to cut housing speculation.

 

You're wrong--again. They had more than one car producer.

https://en.m.wikipedia.org/wiki/Automotive_industry_in_the_Soviet_Union

 

Explain this...


As I said, Bush not only failed to remedy a bad situation, he made it worse.

 

I already pointed it out.

 

If you understood, you wouldn't have claimed Gingrich was responsible for the Clinton surplus, lol.

Do you have paypal? Or do you prefer to just send me a money order?

 

Bush was president for 8 years. Republicans controlled congress for all but 1 years of that. The great recession is at the feet of republicans.

 

for 3rd time: Do you think the USSR had 23 brands of deodorant or cars? Do you know why? How will you learn if you are afraid to try?

 

Bush did not eliminate any of the liberal programs that caused the crisis. Do you understand this point? Capitalism is self-correcting so it would have made housing recession impossible.

 

I love the idea that monopolistic branding is the celebration, given its at odds with teaching of perfect competition as the ideal...

 

Gingrich made Clinton lie and say "era of big govt is over." Gingrich made Clinton balance budget and "end "welfare as we know it". Republicans had taken over House for first time in 45 years so Clinton in effect worked for Gingrich, especially when further weakened in wake of Monica scandal.

 

care to state that in good English??

 

of course if there was ignorance the liberal would be happy to show it over and over again.

 

all agree that Bush was not free market and did nothing, and neither did Democrats. But, what free market support there is is 100% in Republican Party, thus they are the last best hope for freedom. Democrats are 100% opposed to free market.

Here is a little sample to get you up to speed:
Barney Frank: "I hope by next year we'll have abolished Fanny Freddie... it was a great mistake to push lower income people into homes they couldn't afford and couldn't really handle once they had it"


"These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis," said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."-Barney Frank

 

At the beginning of the 1960s, when MZMA, GAZ and ZAZ were offering a variety of cars and the popularity of having a personal automobile in the Soviet Union was on the rise, the Soviet government opted to build an even larger car manufacturing plant that would produce a people's car and help to meet the demand for personal transport.[6] For reasons of cost-efficiency, it was decided to sign a licence agreement with a foreign company and produce the car on the basis of an existing, modern model. Several options were considered, including Volkswagen, Ford, Peugeot, Renault and FIAT. The Fiat 124 was chosen because of its simple and sturdy design, being easy to manufacture and repair. The plant was built in just 4 years (1966–1970) in the small town of Stavropol Volzhsky, which later grew to a population of more than half a million and was renamed Togliatti to commemorate Palmiro Togliatti.[

 

It was Economics 101. Have you any training in the basics?

 

what was?? Why so afraid to tell us?

 

Monopolistic branding. My whole sentence. Do you have any economic knowledge?

 

monopoly is impossible under capitalism thanks to competition and anti trust. 1+1=2

 

capitalism is of course not self correcting.

 

was not president. Clinton way. Clinton did not veto the bill. The surplus is credited to him.

 

You do it for me with each post you make.

 

Chortle, chortle, your innocence of basic economics isn't interesting. Monopolistic competition only needs branding. It is not based on one seller of a product.

Why don't you learn some basics before pretending knowledge?

 

Monopoly is perfectly possible under capitalism and socialism both.

Typically capitalist monopolies are curbed and broken up by even larger socialist monopolies. The state.