Posted on 11/26/2009 11:38:28 AM PST by Freedom'sWorthIt
Tune in - is a repeat - but well worth it.
Discussing Freddie Mac / Fannie Mae - banks / investment banks - all that went on under Clinton - and how Saul Alinsky prescribed just what has occurred - in order to destroy Capitalism....
(Excerpt) Read more at cspan.org ...
If convenient, please let us know if it will be archived in C-Span.org.
I will try to find out.
Have seen this before - am thankful (it’s Thanksgiving after all) that they would replay this today.
Talking about the subprime mortgages - and how all this started during the Clinton administration -—big government forcing banks to make subprime loans,,,,
CRA
AIG was insuring the risks for the investment houses - talks about credit default swaps.
Clinton admin - by late 1990’s - going through the WHOLE scenario.
Michele Bachman rocks!
Big Wall St Firms making big profits.
Knowing they would get bailed out by taxpayers
ACORN - pushing social agenda, destroy Capitalism, redistribute wealth
Government - Community Reinvestment Act (CRA)
Politicians - Barney Frank - Sen. Dodd - Clinton Admin - a lot of people who had a lot to gain by keeping this system going
Epicenter of crisis is Urban America - foreclosure rates 5 to 6% times the normal forclosure rate.
How Big Govenment Liberals wrecked the global economy - is the subtitle of his book.
Schweizer - says we are not done - setting ourselves up for similar bubble dealing with the “green economy”.
Social Engineering pushing “green economy” - huge govt grants, loans, tax credits - encouraging people to go into this sector of the economy - that is not profitable on its own.....not sustainable by itself - which will eventually mean either you keep pouring huge sums of taxpayer dollars into these green economy efforts or you pull the plug - bubble bursts!
e.g. Gentleman in Hartford, CT - put a wind turbine on his office building even though there is little wind there....but he did it because of the govt subsidy to do this.
(More insanity being pushed on this country....)
Need to be PRO FREE MARKET not just PRO BUSINESS.
Solutions:
1. Stop social engineering - end the CRA
2. Set aside the regulations by HUD set on lenders that mandate certain lending to certain people.
3. Tell Wall St - no more govt bailouts
4. Tell rest of Corp America - no bailouts coming
5. End green economy subsidies
(Talking about Algore and his profit in carbon credits)
Bottom line:
Capitlism did not fail us.
Failure of Govt, and of Wall St (which is not free market capitalism’s home)...,
Both acknowledge the fact that we are in a very dangerous place - economically.
It’s over.
Give this book for Christmas to every liberal you know.
If you go to http://booktv.org/
And put the author’s name in the search engine field
It will bring up this author’s interview and you can replay it there.
If you go to http://booktv.org/
And put the author’s name in the search engine field
It will bring up this author’s interview and you can replay it there.
Yeah!!!
Not everyone in Minnesota is nuts!!
Great interview
Glad to know!
Michele Bachmann needs to become a leader in Congress - then maybe she can defeat Franken in the next Senatorial Election - and get that bozo out of there.
(Unless, of course, she is on the 2012 ticket for P/VP)
For those who are interested, this re-airs later tonight @ 11:00pm PST.
Excellent, thanks.
he should be easy to defeat, especially by a real conservative.
Oh - good to know - thanks!
Well you would think that - I do hope so!
You are welcome - and see Doughty One’s post - this will be replayed tonight at 11 PM on Cspan 2.
My pleasure. Glad that helped.
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