Concerned about Global Warming Gore spends 9 mil on new house.

[The_Dude 1,142]

Who honestly cares about Al Gore?

He has the same effect on conservatives that palin has on liberals.

[Trumplestiltskin 5,791]

I think it's more because he is seen as some sort of spiritual leader for climate change.

Outside of the US, Al doesn't really have a lot of traction.

[luckytxn 2,265]

Nice house Gore.

The sheep have been good to the guy.

[Heracles 417]

Gore is like a doctor who smokes. That in itself, doesn't negate the importance of taking care of your environment - your home.

Nice house Gore.

The sheep have been good to the guy.

I thought you said socialist were poor.

[Mr. Big Dog 10,747]

Danno, you can sit back and relax. Gore didn't make it 10 years ago. He didn't move into the White House and he never will. Let go of it already.

[Nagishkaw 510]

Danno, you can sit back and relax. Gore didn't make it 10 years ago. He didn't move into the White House and he never will. Let go of it already.

What a blessing !

[The_Dude 1,142]

What a blessing !

Instead, we got an ex-cokehead with down syndrom.

[one...two...tree 2,762]

Instead, we got an ex-cokehead with down syndrom.

...who led us into the worst economic catastrophes since the Great Depression.

Edited May 5, 2010 by El Buscador

[The_Dude 1,142]

...who led us into the worst economic catastrophes since the Great Depression.

Can't blame bush for the economic situation we are in now. Reagan's deregulation, Greenspan's policies, and Bush pt. 1 and Clintons complacency are equal contributors. The fact is, the economy was good for a long time so everyone didn't want to look too hard at it.

[JohnSmith2007 353]

Can't blame bush for the economic situation we are in now. Reagan's deregulation, Greenspan's policies, and Bush pt. 1 and Clintons complacency are equal contributors. The fact is, the economy was good for a long time so everyone didn't want to look too hard at it.

ITA And lets not forget the housing bubble was caused by the policies of Dodd and Frank pushing sub-prime mortgages so everyone could have the "American Dream". That is what lit the fuse on the downturn.

[waterpupy 5]

House #1 A 20 room mansion (not including 8 bathrooms) heated by natural gas. Add on a pool (and a pool house) and a separate guest house, all heated by gas. In one month this residence consumes more energy than ! the ave rage American household does in a year. The average bill for electricity and natural gas runs over $2400. In natural gas alone, this property consumes more than 20 times the national average for an American home. This house is not situated in a Northern or Midwestern "snow belt" area. It's in the South.

House #2 Designed by an architecture professor at a leading national university. This house incorporates every "green" feature current home construction can provide. The house is 4,000 square feet (4 bedrooms) and is nestled on a high prairie in the American southwest. A central closet in the house holds ; geothermal heat-pumps drawing ground water through pipes sunk 300 feet into the ground. The water (usually 67 degrees F.) heats the house in the winter and cools it in the summer! The system uses no fossil fuels such as oil or natural gas and it consumes one-quarter electricity required for a conventional heating/cooling system. Rainwater from the roof is collected and funneled into a 25,000 gallon underground cistern. Wastewater from showers, sinks and toilets goes into underground purifying tanks and then into the cistern. The collected water then irrigates the land surrounding the house. Surrounding flowers and shrubs native to the area enable the property to blend into the surrounding rural landscape.

~~~~~

HOUSE #1 is outside of Nashville , Tennessee ; it is the abode of the "environmentalist" Al Gore;

HOUSE #2 is on a ranch near Crawford, Texas ; it is the residence the of the President of the United States , George W. Bush.

[The_Dude 1,142]

ITA And lets not forget the housing bubble was caused by the policies of Dodd and Frank pushing sub-prime mortgages so everyone could have the "American Dream". That is what lit the fuse on the downturn.

Personally, I blame Reagan the most. His deregulation removed a lot of safeguards that could have caught this a lot earlier. Also, he nominated Greenspan in the first place.

[one...two...tree 2,762]

ITA And lets not forget the housing bubble was caused by the policies of Dodd and Frank pushing sub-prime mortgages so everyone could have the "American Dream". That is what lit the fuse on the downturn.

Sub-prime mortgages were let loose on the market thanks to the Graham Leach Bliley Act. The notion that it started with the Community Reinvestment Act is nothing but Right Wing horsesh!t.

President Barack Obama believes that the Act directly helped cause the 2007 subprime mortgage financial crisis.^[23] Economists Robert Ekelund and Mark Thornton have also criticized the Act as contributing to the crisis. They state that while "in a world regulated by a gold standard, 100% reserve banking, and no FDIC deposit insurance" the Financial Services Modernization Act would have made "perfect sense" as a legitimate act of deregulation, but under the present fiat monetary system it "amounts to corporate welfare for financial institutions and a moral hazard that will make taxpayers pay dearly."^[24]

Personally, I blame Reagan the most. His deregulation removed a lot of safeguards that could have caught this a lot earlier. Also, he nominated Greenspan in the first place.

I would agree that the era of laissez faire economic policies started with Reagan and Thatcher. The Savings and Loan crises was a warning shot of greater things to come.

[JohnSmith2007 353]

Sub-prime mortgages were let loose on the market thanks to the Graham Leach Bliley Act. The notion that it started with the Community Reinvestment Act is nothing but Right Wing horsesh!t.

President Barack Obama believes that the Act directly helped cause the 2007 subprime mortgage financial crisis.[23] Economists Robert Ekelund and Mark Thornton have also criticized the Act as contributing to the crisis. They state that while "in a world regulated by a gold standard, 100% reserve banking, and no FDIC deposit insurance" the Financial Services Modernization Act would have made "perfect sense" as a legitimate act of deregulation, but under the present fiat monetary system it "amounts to corporate welfare for financial institutions and a moral hazard that will make taxpayers pay dearly."[24]

Of course Obama would say that. He has to pass off the blame from his party to someone else. That has been his MO since he took office. Jus tbecause he said it is so doesn't make it so.

[one...two...tree 2,762]

Of course Obama would say that. He has to pass off the blame from his party to someone else. That has been his MO since he took office. Jus tbecause he said it is so doesn't make it so.

He's not passing blame along party line but on an economic philosophy that helped create the crisis. Laissez-faire economic policies don't work - even Alan Greenspan has admitted to that.

For over two decades, therefore, neoliberal philosophy turned the global economy into a headless chicken. President Reagan and Prime Minister Thatcher were the prime drivers of the neoliberal philosophy in the 1980s. However, there is a widespread debate regarding whether the neoliberal economic theory promoted development or hindered it especially since the onset of the current global financial crisis in mid 2007. At present many agree that the Washington Consensus and its neoliberal philosophy was a total failure. The neoliberal economic theory led to crises after crises and impoverishment of many both in developed and developing countries.

The financial meltdown caused by excessive greed and speculation and the virtual absence of any meaningful regulatory intervention proved that the free market economy does not have any mechanism to self correct itself.

The Keynesian economic theory that markets do not have any automatic mechanism to self correct in the short run is incontestably true now as it was in the 1930s and subsequently.

Dr. Wolassa L. Kumo

http://www.americanchronicle.com/articles/view/92595