Quote:
Originally Posted by Wolf_Rider
Actually, it was Socialism.... all the PIIGS are Socialist countries and the home loan laws of the US socialist Government (Clinton Democrats) was the fuse.
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You people like to throw that 'Socialist' label around a lot. It seems to be a blanket term of abuse for anything you don't particularly like, because it doesn't have much to do with any definition of socialism that I've read.
If you described Ireland (and specifically the Fianna Fail government and their policies) as socialist most people would find it hard to stop laughing. The Irish screwup was caused by the banks having to be bailed out and rescued by the (boo hiss! BAD!!!) government/state after fueling a housing boom that subsequently crashed.
Similar situation in Spain afaik.
And to describe the US Democrats as socialist is such a joke ...it really is.
The banks caused the mess in the US too, and if they hadn't had the big bad state to bail them out you people would be in a much worse situation than you already are.