Bourbon Democrats Had it Right - Today We Are Stuck With the Pina Colada Democrats that supported NIJA LOANS

Bourbon Democrats Had it Right - Today We Are Stuck With the Pina Colada Democrats - Sitting on the Beach and drinking Rum All Day on Everyone Elses Dollars.

Bourbon Democrat was a term used in the United States from 1876 to 1904 to refer to a conservative or classical liberal member of the Democratic Party, especially one who supported President Grover Cleveland in 1884–1896 and Alton B. Parker in 1904. After 1904, the Bourbons faded away. Woodrow Wilson, who had been a Bourbon, came to terms with William Jennings Bryan in 1912.

Bourbon Democrats represented business interests, supported banking and railroad goals, promoted laissez-faire capitalism (which included opposition to the protectionism Republicans then advocated), opposed imperialism and U.S. overseas expansion, fought for the gold standard, and opposed bimetallism. They strongly supported reform movements such as Civil Service Reform and opposed corruption of city bosses, leading the fight against the Tweed Ring. The corruption theme earned the votes of many Republican Mugwumps in 1884.

Stock market crashes

1797 panic • 1819 panic • 1869 black Friday • 1873 panic • Paris 1882 • 1884 panic • 1893 panic • 1896 panic • 1901 panic • 1907 panic • 1929 Wall Street crash • 1973–1974 stock market crash • 1982 Souk Al-Manakh stock market crash • 1987 Black Monday • 1989 Friday the 13th mini-crash • 1997 Asian financial crisis • 1997 mini-crash • 1998 Russian financial crisis • Dot-com bubble crash of 2000 • 2002 stock market downturn • 2007 Chinese correction • 2008–09 Global financial crisis • US bear market of 2007-2009

A Ninja Loan is a type of subprime loan issued to borrowers with No Income, No Job, (and) no Assets. The phrase was coined by HCL Finance as a name for one of their finance products. They were especially prominent during the United States housing bubble of the 2000s but have gained wider notoriety due to the subprime mortgage crisis in July/August 2007 as a prime example of poor lending practices[1]. The term grew in usage during the 2008 financial crisis as the sub prime mortgage crisis was blamed on such loans. It works on two levels - as an acronym; and allusion to the fact that ninja loans are often defaulted on, with the borrower disappearing like a ninja.