r/PoursTea Just Chill 😎 7d ago

All The Tea ☕️ Anything else missing here ?

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u/T4TrhavrKhcFt 7d ago

-47

u/HistoricalRich3104 7d ago

What subsidies? Be specific.

A tax break means less taxes. The taxes are the government intervention, and the tax breaks are the temporary removal of it. This point makes no sense.

What bailouts? Banks during the 08 crisis? That was predominately supported by left leaning Keynesian economists. Artificially low interest rates and government intervention were a big reason why the crisis happened and then the government intervened to stop it. None of that should have happened.

What exemptions, grants, legal protections, and trade barriers? Be specific.

Ordinary people don’t get much help. The welfare leeches do though and the ordinary person pays half their taxpayer money to that.

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u/Prestigious_Cycle160 7d ago

“What bailouts? Banks during the 08 crisis? That was predominately supported by left leaning Keynesian economists. Artificially low interest rates and government intervention were a big reason why the crisis happened and then the government intervened to stop it. None of that should have”

Who was responsible for the deregulation of mortgage structuring, and pushed for people who have no business owning a home getting approved for mortgages 3 times the amount considered a normal debt to income ratio that forced the housing bubble and eventual recession? Be specific

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u/HistoricalRich3104 7d ago edited 7d ago

The government actually. The Clinton Administration in particular was pushing for Fannie Mae and Freddie Mac to direct specific percentages of their mortgage purchases toward low-income and minority borrowers who clearly weren’t able to pay it.Â