T or F?
1) Bankers and politicians haven't suffered for the mistakes leading to our economic meltdown as much as the foolish people who purchased home loans have.
2) The U.S. shouldn't have ANY socialism in our country.
3) The free market has been hi-jacked by crony capitalism.
4) Only idiots are attending the "Occupy Wallstreet" protests.
5) Only idiots joined the "Tea Party" protests.
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Verified answer
1. True - They shouldn't have been bailed out. Of course the government shouldn't have forced the Community Reinvestment Act on them either, which was the catalyst to them making subprime loans. There have also been a lot of homeowners who have had their loans modified, which isn't fair to the rest of the people who didn't get in over their heads. But I'd say overall this is a true statement.
2. False - Some things work better this way, such as police and fire departments
3. Yes and No - We've never had a true free market or true capitalism. It's always been mixed, however the pendulum has been swinging away from capitalism over the past 30 years, with predictably bad results. The government has absolutely no clue how a healthy economy works, and the sooner they get out of the way the better for everyone.
4. Yes and No - They're right to be upset, but they should be protesting Congress, where all the insane regulations and financial irresponsibility originated from
5. False - It started as a small government, sound money movement, but was quickly overrun by neocons. It's unfortunate. Most of the original tea party members have left the movement, and have gone back to the Libertarian party.
1) Bankers and politicians haven't suffered for the mistakes leading to our economic meltdown as much as the foolish people who purchased home loans have.
True
2) The U.S. shouldn't have ANY socialism in our country.
False
3) The free market has been hi-jacked by crony capitalism.
True
4) Only idiots are attending the "Occupy Wallstreet" protests.
False
5) Only idiots joined the "Tea Party" protests.
False
1) True
2) True. Right now we're stuck in the middle between right and left. This leaves us with inefficient social programs and high taxes.
3) False. Anyone who wants to start a business can be sucessful, perhaps by making friends of their own to help them with business.
4) False, but there still are a lot of unemployed idiots there (I live in Manhattan so I've talked to some of them and I could tell they weren't a bright bunch)
5) True. I'm a Republican from Atlanta, but even I view the tea party as redneck idiots. Like the wall street protesters, they haven't realized that protesting complex systems is a waste of time.
50
1.) ... False, but they haven't suffered int he same way.
2. True.
3. True, government bailing out corporations is NOT capitalism.
4. False.
5. False.
1. True
2. True
3. True
4. True
5. False
1 T
2 F
3 T
4 F
5 F
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1. T
2. T
3. T
4. F
5. F
T
F
F
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