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Jarl Osbiorn
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9 months ago
in Kudos to Republican Study Committee for bailout alternative on OpenMarket.org
"It would suspend capital gains taxes to put trillions of dollars of capital in the economy, and set Fannie Mae and Freddie Mac, which as CEI has documented were at the root of this crisis, on the road to full privatization."
This is your answer to everyting: cut taxes and privatize. I say F*ck it with the PG-rated plans. Let's just go full-bore right now and carry your ideas to their logical conclusion: Corporate Feudalism. It's just like feudalism of old, except that instead of the landed gentry or local lord, we have corporations fulfilling that role. We can still call them "employees" but they'll really be serfs in all but name. We can put four year olds back to work scrubbing floors and get rid of all those pesky safety regulations. And who could live without air so thick with pollution that people have to wear masks to breathe? Or water that even Mexican burros wouldn't risk drinking? Hey, at least there'd be free trade!
Man, it's really a shame this whole regulation thing is such a scam.
This is your answer to everyting: cut taxes and privatize. I say F*ck it with the PG-rated plans. Let's just go full-bore right now and carry your ideas to their logical conclusion: Corporate Feudalism. It's just like feudalism of old, except that instead of the landed gentry or local lord, we have corporations fulfilling that role. We can still call them "employees" but they'll really be serfs in all but name. We can put four year olds back to work scrubbing floors and get rid of all those pesky safety regulations. And who could live without air so thick with pollution that people have to wear masks to breathe? Or water that even Mexican burros wouldn't risk drinking? Hey, at least there'd be free trade!
Man, it's really a shame this whole regulation thing is such a scam.
9 months ago
in Bailout Bill Is Unconstitutional Delegation on OpenMarket.org
You abdicated the right to claim any act is UNCONSTITUTIONAL by supporting, for 7 years now, an administration which has attempted at every turn to eviscerate the very document you now exhort. Did you stand up and decry all of the unconstitutional aggrandizing of authority by the Executive branch over the past two terms? Where were your separation of powers arguments back then?
You free marketeers are all the same: hypocrites blinded by insatiable greed.
You free marketeers are all the same: hypocrites blinded by insatiable greed.
1 reply
9 months ago
in Welfare Added to Bailout to Appease Liberals on OpenMarket.org
Yes, it's all the liberals' fault. How dare all these "gamblers" take advantage of the innocent, defenseless financial institutions! It's a plain and unambiguous fact that the borrowers had each and every one of these lenders over a proverbial barrel and forced them to lend money they didn't want to lend. Or not...
The ultimate responsibility for this "crisis" sits squarely on the shoulders of lenders: they made risky loans; pawned off the risky loans as infallible securities to anyone they could entice; and leveraged themselves well beyond "what they could afford" [to finance lavish consumption, like sub-letting 10 floors of the Time Warner building in Manhattan]. If the lenders had bothered to analyze the loan applications with any kind of scrutiny, they'd have seen the red flags.
A final note: of the people I know personally who are having serious mortgage-related payment problems, all but one of them are DIE-HARD, BUSH-LOVING, LIMBAUGH-WORSHIPPING CONSERVATIVES. And the funny thing about that is - they are clamoring like mad for the "liberal-appeasing" relief you so disparage.
I don't like the idea of giving away $700 billion to anyone for any reason--especially where it absolves corporations of the consequences of their abysmally deficient governance--but don't try to characterize this mess as the big bad government pulling a Robin Hood. It's preposterous.
The ultimate responsibility for this "crisis" sits squarely on the shoulders of lenders: they made risky loans; pawned off the risky loans as infallible securities to anyone they could entice; and leveraged themselves well beyond "what they could afford" [to finance lavish consumption, like sub-letting 10 floors of the Time Warner building in Manhattan]. If the lenders had bothered to analyze the loan applications with any kind of scrutiny, they'd have seen the red flags.
A final note: of the people I know personally who are having serious mortgage-related payment problems, all but one of them are DIE-HARD, BUSH-LOVING, LIMBAUGH-WORSHIPPING CONSERVATIVES. And the funny thing about that is - they are clamoring like mad for the "liberal-appeasing" relief you so disparage.
I don't like the idea of giving away $700 billion to anyone for any reason--especially where it absolves corporations of the consequences of their abysmally deficient governance--but don't try to characterize this mess as the big bad government pulling a Robin Hood. It's preposterous.
2 replies
Sue A. Masten
READ your history. Carter implement the Community Reinvestment act in the 70's. Clinton supercharged it in the 80's and with the muscle arm or Rubin and janet Reno forced banks to lend to minorities, illegal alians and low income groups. Banks were not allowed to ask these groups for ID, credit checks or income checks. It was considered discriminatory. Fannie Mae and Freddit Mac was chartered to come in and buy these loans. The CEO and cronies all benefited unitl the SEC discovered the accounting fraud and fined them 500 million dollars. Bush, the Republicans , Greenberg and many others called the alarms and introduced legislation to increase the scutiney over these practices however it was the majority Democratic congress who voted against any oversight. Now they want to blame the current administration. I fault the republicans and Bush for not screaming loud enough and letting the public know. But know the Democrats, Dodd (can you say Countrywide bene's) and Franks and Pelosi want to point the finger the other way when they should be looking in the mirror. Now they want to give ACORN the very group who help to bring all of these minorities, illegals and low income groups to have loans they couldnt afford or qualify for more money to continue doing the same old bull. forget about your party allegiance. Throw all of the bums out. Obama is no better. He is aligned with ACORN, and votes 100% with his party- no change here. It is imperative that we go beyond our party beliefs and try to get to the truth. Why is it no one in the Democratic party is asking for investigation in how we got into this mess???
Sue A. Masten
My brother had no job no credit and didnt actually own the property he managed to take a loan of $350,000 on. They didnt ask him for proof of anything. He much to my dismay had no plan on paying the mortgage, how could he he didnt have a job. he got about $150,000 out of the deal. Do your research- look into the Community Reinvestment Act iniatiated by Carter in the 70's, supercharged by bill clinton in the 90's. Rubin the Secretary of Housing changed the rules to force banks to make the sub-prime loans. Dont just listen to the talking heads of the media but do your own investigation. You have to ask yourself WHY ARE THE DEMOCRATS ALIGNING WITH BUSH NOW///.// They have added every pork barrel hope into this bailout like ornaments on a christmas tree. ask yourself why are they trying to give ACORN- a community activist group that has multiple charges of voter fraud and actively involved with Fannie Mae / Freddie Mac in giving loans to individuals who can never pay. Dodd and Franks want to guarantee groups like these 20% of any profit to continue doing the same things that got this country into this mess in the first place. AMERICANS need to stop listening to the career politicians and media and educate themselves.
Alas, lawmakers of both parties were apprised early on about the use of coercive techniques, and they did not even object (according to the Washington Post), at least until after the Administration's popularity declined. Never mind that torture produces unreliable intelligence and bogus orange alerts. (By the way, "extraordinary rendition" began under Clinton). Don't assume that things would have been any different under an administration with a different ideology. The stupidity crosses party lines, unfortunately. The temptation to cut corners in intelligence gathering is always present.