Michelle Bachman: I want honest opinions

[woz]

and exactly, the graph is bullshit.

is the laffer curve credible, roy?

as for the democrats created a the crisis that's a load of bullshit and you know it. they played their part but the blame falls squarely on a lot of people. the fed reserve, congress, clinton administration, bush administration, alan greenspan, the real estate agents, mortgage brokers and wall street and a belief that house prices would keep rising forever

and claiming that one piece of legislation could cause this entire thing is bogus and insane.

[Roy Karrde]

and exactly, the graph is bullshit.

is the laffer curve credible, roy?

That there is a area in which higher taxes decrease revenue, and a area in which lower taxes decrease revenue, and that a adequate middle point should be found? Yes.

as for the democrats created a the crisis that's a load of bullshit and you know it. they played their part but the blame falls squarely on a lot of people. the fed reserve, congress, clinton administration, bush administration, alan greenspan, the real estate agents, mortgage brokers and wall street and a belief that house prices would keep rising forever

Which shows your ignorance. Banks were not making these loans until Fannie Mae and Freddie Mac guaranteed them and began to pump out hundreds of billions of dollars in toxic loans each year.

and claiming that one piece of legislation could cause this entire thing is bogus and insane.

It would have stopped the toxic loans at it's source, Fannie Mae and Freddie Mac, that would have kept the banks from going over which dominoed this entire crisis.