Obama, the socialist New Party, and the socialist Bush Treasury Department
There’s a lot of blog buzz over Barack Obama’s membership in the socialist New Party. You can read about it here, here, and here.
A year ago, I might have gotten as worked up about this as everyone else seems to be.
But after watching a GOP White House and Republican collaborationists fork over billions upon billions in socialist aid to private businesses, presiding over the most massive nationalization efforts I’ve seen in my lifetime over the past year — and then watching John McCain pitch his Treasury Department-as-national loan servicer plan during the debate — it’s hard for me to muster up much more angst than I already have.
Read today’s headline, people: U.S. May Take Ownership Stake in Banks:
Having tried without success to unlock frozen credit markets, the Treasury Department is considering taking ownership stakes in many United States banks to try to restore confidence in the financial system, according to government officials.
Treasury officials say the just-passed $700 billion bailout bill gives them the authority to inject cash directly into banks that request it. Such a move would quickly strengthen banks’ balance sheets and, officials hope, persuade them to resume lending. In return, the law gives the Treasury the right to take ownership positions in banks, including healthy ones.
The Treasury plan was still preliminary and it was unclear how the process would work, but it appeared that it would be voluntary for banks.
The proposal resembles one announced on Wednesday in Britain. Under that plan, the British government would offer banks like the Royal Bank of Scotland, Barclays and HSBC Holdings up to $87 billion to shore up their capital in exchange for preference shares. It also would provide a guarantee of about $430 billion to help banks refinance debt.
The American recapitalization plan, officials say, has emerged as one of the most favored new options being discussed in Washington and on Wall Street. The appeal is that it would directly address the worries that banks have about lending to one another and to other customers.
This new interest in direct investment in banks comes after yet another tumultuous day in which the Federal Reserve and five other central banks marshaled their combined firepower to cut interest rates but failed to stanch the global financial panic.
In a coordinated action, the central banks reduced their benchmark interest rates by one-half percentage point. On top of that, the Bank of England announced its plan to nationalize part of the British banking system and devote almost $500 billion to guarantee financial transactions between banks.
Socialism is here and now.
***
J H Lee agrees.
See what others have said
Note from Michelle: This section is for comments from michellemalkin.com's community of registered readers. Please don't assume that I agree with or endorse any particular comment just because I let it stand. A reminder: Anyone who fails to comply with my terms of use may lose his or her posting privilege.
Comments
You must be logged in to post a comment.
 |
Obama’s new campaign candy: More mortgage aid, homeowner “bill of rights”
February 1, 2012 11:39 AM by Michelle Malkin
88 Comments
One cheer for the belated SEC lawuit against Fannie/Freddie execs
December 16, 2011 11:53 AM by Michelle Malkin
45 CommentsBailing out the world
November 30, 2011 09:35 AM by Michelle Malkin
131 CommentsBreaking: Barney Frank will not seek re-election
November 28, 2011 09:54 AM by Michelle Malkin
168 CommentsSnortalicious: Chicago corruptocrat/Fannie fat cat William Daley wears Occupier costume
October 17, 2011 01:56 PM by Michelle Malkin
20 Comments
Here are your 1 percent-ers: Obama’s bundlers
October 17, 2011 03:13 AM by Michelle Malkin
79 CommentsJohn McCain Understands the Frustrations of ‘Occupy Wall Street’
October 12, 2011 09:07 PM by Doug Powers
122 CommentsWho’s Up For Another Fannie Mae Bailout?
May 9, 2011 11:20 AM by Doug Powers
67 Comments
Categories: Subprime crisis
Pundit & Pundette
» Obama's war on conscience, cont'dRedstate
» Media MattersHot Air
» National Review to Newt: Get outAmSpecBlog
» Explosion Near Israeli Embassy in India
This does not surprise me in the least bit. I was telling some of my co-workers a couple days ago that if the bailouts don’t work I expect the feds to claim they need to “start seizing banks in an effort to ensure they don’t fail” and this will just lead us further down the path to a socialistic government.
If our founding father’s could see how far we have fallen they would weep openly for the nation they built.
Welcome to the People’s Republic of America.
Who is John Galt?
vomit. vomit. vomit
this is the last straw for me. I defended the Bush administration throughout the Gwot, and even supported the surge. Now, with bailouts, shamnesty, and all the other crap going on, I decided not to vote for McCain and had to write in (thanks, Alan Keyes) Pastor Chuck Baldwin for president. plus its not like I live in a swing state, I just can’t stand the blurring of party lines on these things. The right needs to return to the Robert Taft, Barry Goldwater, Calvin Coolidge, Ronald Reagan era, rather than the socialistic new world order of GHW Bush and W’s second term.
I weep for the future of this country.
If the USA turns Socialist, it will have been Bush, not Obama, that ushered in the new era.
Worst.
A major part of the problem is the American People. It’s no longer “ask not what your country can do for you but what you can do for your country” but rather – what can the gov’t do for me. If I can get my neighbors to pay for my medicines – GREAT. If I can get them to pay my mortgage – EVEN BETTER.
Can you imagine if the “ask not…” speech had been made today (not that Kennedy actually believed it) – the person making the speech would be laughed out of the venue by 3/4 of the people.
The difference between McCain and Obama – Obama knows he’s a socialist while McCain doesn’t.
I only somewhat concur. We’ve been marching down this road for a long time. Bush has just allowed us to take the next steps. I would even argue that the steps that Bush has taken have been no bigger than the prior steps – just more visible.
Unfortunately, each step builds on the previous.
Little did I realize a few weeks ago, that the Obama salute was a indicator of our confidence in government, the markets, the economy, and the candidates. Man does the future look bleak this morning. The two hand zero says it all.
Can someone answer this? Exactly how “clogged” is our credit market? Exactly who is deserving of credit can’t get credit? Exactly how many people is this happening to? Until we know these numbers, it doesn’t seem to me that we really know anything about the alleged problem. Maybe there isn’t a problem at all !!!!!!
May God help us all.
I’m afraid, as conservatives, we are getting what we deserve. We stood by while our schools, our Universities, our press and our government were taken over by 60′s hippie detritus and their shallow, venal followers. We were mostly silent as the America haters made movies and television shows as tools of promoting a world-wide culture of America-hate even while, paradoxically, American culture is wildly popular in the countries that seem to hate us most.
I’m slowly converting to Conservative Nihilism: the only way we can get out of this mess is to let it crumble, plow it under, and ensure that the new institutions are built taking into account some of the lessons we’ve learned (inter alia): severe penalties for betraying the public trust (like what we call “treason” now), a Bill of Responsibilities complimentary to a Bill of Rights, absolute prohibitions on government debt, and a return to the family as the fundamental unit of civilization.
How much longer until we have labor camps?
Finally people are using the correct term. I’ve been referring to Obambi and his leftist Dem friends as Socialist Liberal Democrats for well over a year now. For the first time I am seeing others tag them with their proper label. It’s no longer enough to say they are just liberal or big spending. They are socialism in action and they are in the business of redistributing money, deciding who gets what and who keeps what while making the working pay for the non-working at the highest rate we have ever seen.
One year ago today the DJIA closed at an all time high of 14,164.53. Anyone care to bet that todays close will be at least 5,000 points lower?
I ran some the money markets figures last night and I hit a major snag. When I looked at China’s system as an example and tried to determined how much of these funny money loans are imbedded in their system it is impossible even if I had official clearance to follow the links. What makes it worse is I don’t think anyone with full access to could possibly know. Adding the reality of China’s system is not being transparent, a true beginning value for their currency can’t be determined. China and other countries will value their currency up or down as much a 15% when it helps in their international trading. Trying to answer your question is totally impossible.
McCain should’ve called Obama out. Now Obama is going street on McCain.
Family – I’m sorry to send you on a goose chase. My question was actually more simple. I’m still not aware of ANYBODY who is deserving of credit not getting it. They ?may? pay a higher rate than previously though. (To be expected though since market rates are higher as the fed is not giving money away these days.) I do know of some not credit worthy (my opinion) who did not get cheap loans – but they still got loans!!!. From what I see in my little circle of the corporate financial world, there is not a credit crisis. There is a tightening from the days where if you had a pulse you got a loan with no questions and if your pulse was missing, you only had to prove that a pulse was once there.
What did Americans expect when they elected a rich spoilt brat, who was himself bailed out by his Arab masters and Saudi financers? Any wonder that Saudis have been pro-actively protected after murdering 3000 Americans? What is even worse is Americans re-elected this corrupt, timid puppet. Even after Katrina, 9/11 and economical collapse, noone is held accountable.
Should Americans not take action against those responsible?
Yeh it’s a good point; I think about the lesser of two evils right now. How about Pfleger who said all white people should have their 401k’s taken away from them? That seems a bit too radical for me.
The only bright side in Obama winning the election— we can have a full frontal assault on this socialist nonsense instead of the divided party we have been under Bush-McCain.
Funny you should mention that, Cromwell. I pulled out my copy yesterday and reread John’s 60+ page speech to the nation and was absolutly amazed with the paralles between the book and our current situation. unfortunatly, I don’t really think there is anyplace where we could run and hide while civilization falls around the rest of the sheeple.
~Competence in the only system of morals that is set to the gold standard.
Would caution some to keep eye on the ball and not chase red herrings.
Please do not get discouraged.
Most folks on this blog knew that this would be a bloody election cycle.
Stay focused buck up and STAY ON POINT
who we pull trigger for is the issue
keep those who wish us poorly in your crosshairs…IT AIN’T THE ECONOMY STUPID. God Bless won’t be yammering for a few weeks.
What bank in their right mind would lend money now??? They are all going to hold back for their piece of the Crap Sandwich. Sheesh.
I forgot to add:
I swear by my life and my love of it that I will never live for the sake of another man, nor ask another man to live for mine.
No kidding. I’ve been of the mindset in the last two weeks, that if someone is going to take our country down this path, I’d rather have a Democrat getting credit for it. Sigh.
My political science professor in college told his class….years ago….that Americans need to go on strike against the IRS.
THAT would fix the economy.
THAT is the ONLY thing we can do other than a civil war.
If these people get bailouts, freebies, illegals taking our monies, etc., then bygod, we’ll KEEP what is OURS.
Let’s pledge to go for it!
You’re assuming the elected officials calling themselves Republicans would actually stand up and fight. Some may, but I would not count on the majority of them doing it.
I say this should be a house cleaning election. Any member of Congress who voted for these bailouts, regardless of party, should be voted out of office to send a message to them all that we, the American People, will no longer tolerate this BS! And if they don’t get the message and shape up then we continue every election cycle to do some COngressional house cleaning!
That made me laugh. How can WE know how many loans are being approved? My personal observation is the money supply is drying up because some authority said so!!!!!!????? In my little world some number need to be changed if I’m to be responsible and prudent. Those number move through the financial system and will tighten the credit market. At this point it mostly based on human confidence and our emotional response to how much money we chose to spend. My wife asked me last night “Why is this happening know?” It could be a manufactured crises, which is darn scary to contemplate.
I guess the only question is Western Europe or Eastern Europe circa 1985.
I have said it numerous times here. We were worried that Clinton, Gore, Kerry and Obama would turn the US into a socialist economy. And while we were distracted with them George W. Bush imposed socialism on us.
Both major parties are utterly corrupt. I have known it for years. But, until this year I thought the GOP might be saved until they nominated McCain. I just didn’t think the two parties would collaborate to precipitate a crisis and make their moves so brazenly and quite so soon.
Poor Obamessiah wanted so badly to be the first black and socialist President. Clinton beat him to the first and Bush to the second. He will just be the President with the goofiest ears.
Has it occurred to anyone that the timing of this collapse seems to be engineered to coincide with the election? Don’t you think Bush and Paulson could have held off for 2 months until the election? Makes one wonder if everything is going along as THEY PLANNED !!!New World Order is just an old coupe accomplished without a military.
For the past week I was driving from Wisconsin to Connecticut via Kentucky (business and pleasure). My wife and I had the radio on. In “every” market it seemed, there were local bank radio ads that went something like – “You may have heard about the credit crisis but our bank is willing, ready, and able to loan money. Just come on in…” Leads me to question if this is entirely a manufactured “crisis”. Manufactured by the liberals and perpetuated by the unthinking media. As I’ve asked (and FamilyMan started to dig)….exactly what is “clogged” and how much? I don’t deny the economy is slowing (healthy markets do that) but what I see is a bunch of politicians running around looking for a problem to “fix” (gain more power)
When in the course of human events….
Investing is 50% reality and 50% emotional. Confidence in the monetary system is all emotional. I’m an old advertising man. We would say sell the sizzle not the steak.
HOW MUCH OF THIS ENTIRE CRISIS IS SIZZLE AND HOW MUCH IS STEAK?
Didn’t this all start with the Community Reinvestment Act in the 90s? Washington has been poking away at the banking industry for long time. Then again, it’s probably all George Bush’s fault anyway. Nevermind.
WHY do I watch the MSM? This morning they are giving the election to Obama in a “landslide”. I feel so depressed.
The shock of recent days has been the realization by more and more people that we haven’t really been living in a free economy or society for quite some time. And the realization that we haven’t had national leaders who have wanted to bring us back to true freedom since Reagan. And to be honest, the citizens of this country have done it to themselves by choosing comfort and security over challenge and freedom. A key question in this week’s debate: Tom Brokaw asked if health care was a right or a responsibility. McCain said responsibility and Obama replied it was a right. Health care doesn’t appear in my copy of the constitution as the responsibility of any government entity or any branch of government. The last thing voters want to hear is that they have a responsibility for anything and that government has no responsibility to do anything to provide it. As a people, we’ve become used to sucking at the government tit. Business looks for handouts. Minorities demand preferences and cash payments to make up for past grievances. The public in general demands protection from enemies foreign and domestic with only a fraction of the people willing to step up and fulfill that role, and then only under withering criticism from self-satisfied hedonists. They demand the “right” to kill their own young if they get in the way of their so-called “lifestyle.” Folks, we’re living in an amoral society, and we need a grass roots reform effort to get us out of this mess, and it won’t be easy or quick.
One of my daughters called last night to discuss her financial exposure. She is so much younger and has less equity and is therefor more exposed to monetary fluctuations. Her initial repose was of child curled in a fetal position with her thumb in her mouth, wanting protection. I assured her our family will ALWAYS take care of each other. My big be concern is how many people will want the government to take care of them?
They’re in for a rude awakining Rob.
“When men put their faith in man, they will forever be disappointed.”
Tru dat!
According to the Bible, the Antichrist will come to power based on his control of three central pillars of society; a global government, a global economy and a global religious system.
The Antichrist’s principle weapons are deception and his control of what MUST be a centralized economy.
Is Bush and Paulson unwilling or ignorant dupes?
Believe in Bible Prophesy or not – Looks like we’re on the way.
It’s a bad dream I’m having influenced by reading ‘Atlas Shrugged’ late last night..
wake me up soon.
It’s about time we started getting serious about stopping socialism in this country. The first step, of course, is acknowledging that the Democrats don’t have a monopoly on socialism in Washington, DC. They’re just more honest about what they intend to do.
Until we stop voting for these people, they will continue to roll forward with this stuff, and things are going to continue to get worse. The bill for their experiments is already too high.
We really need to dump the socialism, bring back freedom and prosperity, and make amendments to the Constitution to keep this sort of thing from happening again.
RWR
http://www.rightwingrocker.com
Oh and when I say “we”, I mean we, the people, not we, the government like the libs mean when they use the word.
I mean YOU and ME.
RWR
http://www.rightwingrocker.com
Well DUH.
It’s been here for nearly a hundred years.
It’s time to stop it.
RWR
http://www.rightwingrocker.com
Ron your completely correct on all points.
I WISH OUR POLITICIANS WOULD TALK TO US LIKE THAT AND STOP TREATING US LIKE CHILDREN.
Everyday we have heard SOMETHING from our Goverment. My very first Presidential vote went to Ronald Reagan, because I thought he had the RIGHT ANSWERS to keep America… Well, America. He had ALL the blocks put in the correct holes.
When he left office, America was Strong, Good and it belonged to THE PEOPLE! Bill Clinton came along, dumped out all the blocks, got a few put back in… But NOW, our Goverment is left with ROUND BLOCKS AND SQUARE HOLES!
Inept is an understatement.My ONLY question to Michelle and everyone else is this :
How do WE THE PEOPLE,TAKE OUR GOVERMENT BACK? FOR OUR CHILDREN, FOR OUR GRANDCHILDREN?
reminds me..
I received in the mail the other day a credit card application for WaMu
So is it time for torches and pitchforks yet? I’d like to get the revolution started while there is still some America left to save.
For god’s sakes. It never ends. Once the seal on the cookie jar was broken, the crooks in DC can’t stop themselves. Bush is a complete disgrace. I thought I could not dislike him any more after the schamnesty debacle, he proves me wrong. He is determined to surpass carter as the worst president ever. He is more liberal than the liberals. No wonder the GOP is falling apart with his leadership and advice.
Heck Bush, why not just take my savings and 401K while you are at it and give it to some lazy parasite. That should make you feel better about yourself. You have some kind of self esteem issue you resolve? Why bother trying to get ahead. Eventually hte gov’t will take it from you.
As opposed to the rich spoiled brats Al Gore and John Kerry?
There is a war for the soul of the Republican Party but I will not ally with an Obamanite for it. George Bush was never anyone’s first choice-neither is John McCain. But the Bhishmas and Obamas of the world have nothing to offer I wish to hear. Enough of you.
But yes there is credit crunch in the short term loan market and it is the RESULT of the bailouts. Small businesses are indeed having a hard time getting the 30/60/90 loans they need BECAUSE the lenders are uncertain what is happening. We have seen this time after time. What fool step will they, government, do next ? Will they outbid us for capital? Will inflation roar? Uncertainty is the great killer of markets and always has been.
Now I worry over how many Republicans sit on their vote in disgust over Beltway Johnny. The bump he got over Governor Palin has been wasted by his statism.
–
“I ask, sir, what is the militia? It is the whole people, except for a few public officials.” -George Mason, 3 Elliot, Debates at 425-426.
More here.
Ayers and Obama may be closer than we thought. See this:
http://www.americanthinker.com/2008/10/who_wrote_dreams_from_my_fathe_1.html
Did you ever notice how USA (in any way shape or form) is not mentioned in any end times prophecy? Further, over and over we’re told “the whole earth” turns against Israel. What would cause that? I suspect Israel is forced to turn to it’s only “means of self preservation” (the nuclear option) and “the whole earth” turns against her for it.
Welcome to the mew socialist America.
I have been a McCain supporter since 1999. I still think he is by far the better man for the job. But when he ran off to Washington to head the bailout effort I knew he was conceding the election.
After all, if the people are going to be given socialism, they will take the something closer to the real thing, rather than a pale imitation.
And in any event, I do not think Obama is really a “socialist” but more of a managerial state type.
If you ask 5 strangers if they’re worried about the US becoming a socialist country, I think you’d be frightened to learn that 3 of them think it’s OK, and the answer to the mess we’re in.
Of course, where I live, in the People’s Republic of Santa Cruz County, I’d get at least 4 of them to say it’s OK.
“Socialism” is no longer a dirty word in America.
Credit worthy people are still able to get a loan. My parents just sold their house in three weeks for $7k less that the asking price. Business is still being done out there.
I received over 15 credit applications last week. If things are so bad, why am I getting these solicitations? Has any one else had the same experience?
Remember that Joe Biden thinks taking money from one person and giving it to another is “fair”. I call it “income redistribution”, but he calls it “fair”. My question then to Mr. Biden is WHY is that fair? Why not take from the “poor” and give to the “rich”. It’s purely arbitrary taking from the “rich” and giving to the “poor”. Why not everybody just work and give your paycheck to your next door neighbor? Why is that not “fair”.
It seems to me that libs have a serious problem with definitions. No words have meanings anything like those found in the dictionary. “fair” has been mis-appropriated. “marriage” has been usurped. “racist” has been seized. “tolerance” has been comandeered. And the list goes on.
This slow, deliberate march towards socialism is scary. Especially since our candidate just became the drum major. I am flumoxed as to why McCain would think this is a good idea.
I also think McCain is making a mistake focusing on Ayers et al instead of Obama’s connection to Freddie/Fannie and this whole financial mess. Conservatives already know about Ayers and Wright and undecided voters don’t care. Undecided voters do care about this bail out business and should be educated on how Obama and the dems where its genesis.
I received over 15 credit card applications last week. If things are so bad why am I getting these solicitations?
But if you ask them to pay their neighbors medical bill, they would tell you that you are insane.
The masses clearly have been dumbed down sufficiently so they are pliable enough to believe anything.
Why did they choose to use undecided voters in the presidential debates. Any one that brain dead would have lousy questions and they did.
SHEEEEESS!
I think they are very willing. looks like the Lord has already sent a deluding influence…its scary, yet hopeful.
the next president, most likely obama, will abandon israel, and Iran and russia will march right in, to their doom…the Ezekial scenario….
the sooner the better.
most likely, damascus will be destroyed..as the bible predicted…then iran and russia will make their move…
That may well be true. BroBama seems to have none of the flowing rhetoric talking off the cuff as he does in speeches and the books. But Dreams From My Father: A Story of Race and Inheritance does tell us of his Black Nationalism, contempt for America and that he is a lying SOB. At least a Typical White Person (youtube
) might think so.
Yes I agree that Bill Ayers is as much a mentor to BroBama as was Jerry Wright of God Damn America (love youtube I do) shame and that Michael Pfleger-Hillary’s none friend of Chicago or Rashid Khalidi, a former PLO operative.
But our Republican leadership is not really distinguishing itself from BroBama as per the topic
Obama, the socialist New Party, and the socialist Bush Treasury Department. If the Republican Party offers nothing but “me too” why not stay with the original?
—
A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed.
Minor correction….
I remember Bill Clinton saying he was living in The People’s House doing The People’s Work. This completes the thought. Good God!
The bailout legislation is the longest suicide note in history.
Hat tip to our British cousins for that one!
There are a couple of ways.
Here’s one.
Here’s another.
RWR
http://www.rightwingrocker.com
Hay Hay…USSA all the way…maybe they will give us a new flag…
Why Hopenchange remains more of a concern vis a vis socialist tendencies is simple: It’s one thing for Republicans in the administration and for McCain to get behind government intervention in what they rightly or wrongly believe are emergency circumstances. Quite another thing to endorse socialist practices just because you think they’re an a priori good.
That’s why Hopenchange is a worse prospect than McCain. In ordinary circumstances the latter is not a leftist socialist, while the former most certainly is.
Obama and his buddies hate the one we have sooooo why wouldn’t they!
I don’t understand why McCain isn’t doing a “Zell Miller” moment.
“The One” is promising that “I will cut investments in unproven missile defense systems. I will not weaponize space. I will slow our development of future combat systems.”
What McCain needs to do is to point out that our enemies like North Korea and Iran are making every attempt to develop nuclear missiles and “that one” is promising to eliminate our defenses.
What are we supposed to do when a missile is heading our way? Put up our umbrellas?
michellemalkin.com–Command central for histrionics and hysteria. No lack of balance and perspective here. Not.
so where is all this money coming from?? the pot at the end of the rainbow?? little leprechaun’s handing out pots of gold??…geeze….
and #75 it’ll look a little like this:
http://farm1.static.flickr.com/165/428458245_079bd3ff25.jpg
oh and insert chairman mao-bama’s face on it and it’ll be complete…
OK. So I guess you are in favor of all this socialism?
Or do you deny it’s happening?
RWR
http://www.rightwingrocker.com
To a conservative this is certainly an unsettling development. To a pragmatist this is better than a complete, utter metldown of the financial system.
And it may be worth considering while that taking an equity position means partial ownership, such an ownership position can be sold in the future once the system recovers (perhaps even profitably) === assuming men of good will, and not socialists, are in charge at the time.
I have my hands in front of my eyes – you can’t see me
Goes to my point. This appears to be a necessary step to protect the system — without it it collapses. Its what comes after that is telling. If we elect socialists then the banks stay partially or completely nationalized after the recover. If we elect conservatives the bank ownership gets sold after the recovery. Its all in what we do as voters.
And who says a complete meltdown is coming if we don’t do all of these socialistic things? Who says any of these socialistic activities will do anything to stop a melt-down if one is coming. This whole thing smells of a contrived “disaster” meant to fooling the dupes in order to grab more power. If it’s not about power, what is it about? Please step away from the kool-aid.
More radical associates of Obama’s: Carl Davidson, the former president of the SDS
Marilyn Katz A Member Of Obama’s National Finance Committee
How long is the list now?
The money isn’t coming from anywhere except the government can print more. It’s coming from inflation meant to handcuff future generations. It’s “our” gift to our children. Make them slaves to the state.
For the time being it appears this is the case. If the system does not show signs of recovery there will be less and less as time goes on. It won’t shut down all at once, the requirements will simply get tighter and tighter until almost no one can get credit for any reason. For the time being if you have very good credit you can get a mortgage today just like you could a year ago. A year from now … ?
I am so sick of the ruling class in this country. My and your ancestors did not fight, did not DIE, to create and defend a commonwealth of states which would turn into the mess we have today. We have a duty to them who gave their blood, sweat and lives, to reclaim the country to what it was!
I, as many others, have happily sacrificed my time and personal life in defense of the Constitution; indeed the third greatest document ever divined (behind the Bible and the Declaration of Independence). I continue to serve this country in the hope that someday we will again see the ideals of the Republic of our Founding Fathers realized.
The troubles we are facing at present are nothing new. Indeed, they were foreseen by the Framers of this great nation. We have allowed our leaders to become slaves to special interest. We have allowed our leaders to bribe the electorate with their own money. We have allowed our country to become the world’s police.
As a nation we have allowed our Constitution to be deemed a “Living, breathing” document, one that can be changed with a stroke of a justice’s pen. How, I ask, can the Constituion be so easily changed? This idea is oxymoronic on its face.
We need to send a sign to our leaders. We will no longer accept their selfish actions. We need to tell the political parties we will NOT support their pathetic candidates.
There is another article:
2nd Source Confirms Obama Socialist Party Membership, Plus How They Infiltrated Democratic Party
Unless you are an economist and know for certain that this is not really happening then what other choice do we have than to believe our lying eyes?
No kool-aid, just common sense. But some people refuse to be convinced. I love Michelle Malkin but Michelle is no more an economist that John McCain — or anyone else in the US Congress for that matter. And in this case I believe Michelle and all the econ-deniers are wrong.
As a conservative I hate this stuff. But there are times when the preservation of the whole requires the sacrifice of a limb. Just as our Founders had to to hold their noses and accept slavery in order to get independence because without independence nothing could ever be done about slavery, we may have to accept a distateful dose of non-conservative action in order to preserve the whole. If we preserve the system we can remedy the transgression later; if we don’t preserve the system there is no remedy possible.
You say kool-aid, I say pragmatism.
well the markets refuse to be convinced that your precious bail-out saved us. the markets have spoken, and please don’t tell me how much worse it would be if we did nothing. no one knows.
I do know that people like Markman on moneycentral say the bailout will not work. along with 200 or so economists who signed a letter against the bailout.
we’ve just taken huge steps toward socialism, we haven’t solved the problem which is CRA and SOX, all we’ve done is try to paper it over, setting up a larger fall later, and you think this can be undone??? oh please, talk about drinking kool-aid…
here’s a line from Markman’s current article on moneycentral:
and the title of his previous column..
<blockquoteCan the bailout work? Fat chance
On October 9th, 2008 at 10:50 am, johnsteele said:
johnsteele, I can’t say I disagree but pragmatism on our side is up against incrementalism on theirs. We’re being buried alive under the weight of socialist incrementalism. That’s what we’re up against. I’ve heard it called “shoveling sh*t against the tide”.
My husband works for a major credit card company. Yesterday he found out that if the bailout didn’t go through (which we are against until we knew this), the part my husband works in would have been laid-off. This credit card company isn’t even involved in the mortgage mess.
This is how it works as it was explained to me. You have a credit card with a limit of $10,000. You go and make a purchase on that card of $5,000. The credit card company borrows the money from the bank to pay for the item you purchased. The credit card company then pays the bank back and only keeps 2% of the transaction fee. Then people are supposed to make their payments to pay that balance off, etc., etc. Banks are balking at letting credit cards or anyone borrow that money because they’re unsure they’ll be paid back.
On top of all this, now they also have takeover concerns. People better hope that there aren’t anymore company takeovers or it could end-up with one or two companies owning everything.
It’s just like falling dominoes.
We know that the people driving the market down are now doing it on purpose in selling short to destroy us. Maybe it is time to find their names & addresses…..and like the SNL skit said about the older couple…run them out of the country.
WTF! Now they are talking about more direct control over banking practices and therefore all the priviledged minorities and anyone else deemed a “victim/beneficiary” by our socialist government will have deals from bank and money loans that the working middle class citizens are not allowed? Will they even have to repay these loans? Not if they work for Acorn. Those responsible Americans who work for a living will have to pay off other’s loans, banking needs of illegal aliens, those who cannot afford a house but have a right to one, and those too lazy to find a job?
Oh wait, we have this already, and this system is simly growing, expanding (in a healthy way). Never mind.
BTW, how many of the readers here are on medicaid? If you are not, check your monthly contributions to medicaid and I bet they are as much as your own private medical insurance. I don’t have a problem with the unemployed mother having a temporary medical insurance or assistance. However there is a huge class of people who do not have reportable income, might have cash businesses and benefit from others paying off their medical bills. That is theft and this sort of activity needs to be effectively prosecuted. This latest government maneuver has expanded basic medical, housing, and food assistance to direct banking. Some of us need to put money into the bank, and our government will hand it out to those deemed worthy. Politicians are only concerned with short term goals. Eventually some of us who work and earn money, will stop putting it into these banks. A fundamentally unfair system cannot be sustained forever.
Sorry, dtestard…Bush did not cause this. Nor actually did Obama, although his ACORN organization, which he had a big hand in, DID cause some of our economic problems. I’m tired of the Bush Bashing! The buck may stop with him, figuratively speaking, but he did not cause the problems that ruined our economy. You might try Bawney Fwank, Chris Dodd, Maxine Waters, etc. Thank you for listening.
Click,
Our gracious hostess goes after republicans just as fast as she goes after democrats. The fact that you choose to see things like that shows you’re just as big of a pinhead as the other liberals we’ve demolished on here who made the same charge.
Dismissed.
Now, for the topic.
i hate to have say the same thing as i have a couple times this morning, but again…this is no huge surprise. Anyone paying 2 milliseconds of attention can see where this is going. I have to agree with Michelle this time…there’s no sense in getting worked up into a lather about this, since really…nothing new, and nothing to see here.
What’s REALLY sad is…I’m not even sure if, at this point in time, I care enough to even suggest anyone do something about it. In the last few months, I’ve lost alot of faith in the Republican party. Not that they hadnt demolished alot of it on their own, but…this kind of thing doesnt help.
The part that frosts me??? If a despot like HUGO CHAVEZ nationalizes any part of their country’s economy, BIG HEADLINES in MSM… Our government is now doing the same thing, with barely a YAWN in MSM… Matter of fact, they are asking, WHAT ELSE CAN YOU DO FOR US???