Posted on 09/26/2008 6:58:31 AM PDT by PlainOleAmerican
Democrats are on the verge of realizing their seventy year dream of forcing America to its knees.
After more than thirty years of blocking U.S. energy production, making America seventy percent energy dependent on global energy sources, Democrats finally have the energy crisis they need to force seismic social “change” in America.
After nearly seventy years of indoctrinating Americans to look to their federal government for socialist solutions to personal problems, they have the nation clamoring for a historic federal power grab of the once free markets and independent banking system.
Through eighty years of federal deficit spending, borrowing from known international enemies of our state to prop up horrendous left-wing social spending habits that have devalued the world’s strongest currency down to that of a few peso’s...Democrats have put our entire national security in the hands of anti-American creditors.
And after twenty years of forcing good American lenders to make bad loans in the name of “equal” access to homeownership for people who would never qualify for a home loan any other way, the chickens are coming home to roost. Democrats have America’s entire economy on the verge of collapse and they are telling Americans that more socialism is the only answer!
(Excerpt) Read more at newmediajournal.us:80 ...
“After nearly seventy years of indoctrinating Americans to look to their federal government for socialist solutions to personal problems, they have the nation clamoring for a historic federal power grab of the once free markets and independent banking system.”
Umm, appears to me Bush and McCain are right there with them.
I’ve been saying this very same thing for months. Even posted this topic on another thread today.
He is right on target.
Hope Rush reads this today on the air!
GREAT READ.
STOP THE BAILOUT NOW!
Are you really foolish enough to judge this entire mess on the basis of what Bush and McCain face with a gun to their head today, with no regard for how we got here?
I am ashamed of many of the my fellow conservatives who are clearly foolish enough and myopic enough to shoot their own team in the face of the greatest enemy to ever face this nation.... The enemy within on the left!
Don't bother to blather on about left-wing attempts to deflect responsibility. Only after Bush and McCain tried to stop this from happening for years, do they now find themselves in a NO WIN position, all thanks to Democrats.
If they don't accept a socialist solution from a Democrat controlled congress, they will get no solution at all and the economy will collapse on Bush's watch. If they do accept the only solution a Democrat controlled congress will agree to, they are, as you say, right there with them... Americans are idiots!
Me too! Send it to him!
Thanks for posting this!
bttt
THANKS!!!!!!!!!!!!!!!
Passed this on to everyone on my emailing list.
Sent it to El Rushbo...STAT!
An excellent article, I’ve been saying this stuff for days.
I believe the LEAST socialist plan is the following:
1. Treasury Department bids for the illiquid mortgage-backed securities on the market, in open and transparent auctions, with oversight and supervision, and hiring the best experts to do independent valuations for us as a reality check on the prices proposed in the auctions. This stands a good chance of placing the banks in a position where they will be able to make more credit available to businesses in the real economy and hopefully head off a deep recession.
2. For any mortgage assets acquired by the government, there can be no political interference of any kind in holding the asset - we should hire private firms experienced in the mortgage market with instructions to make all decisions so as to maximize the value of underlying asset. If it makes sense financially to do a workout with the borrower, fine, if it makes sense to foreclose, fine, but these kinds of decisions should be removed from the politicians and outsourced to experienced firms in the private market.
3. No nonsense about applying civil service rules and government contracting procedures, minority set-asides, etc.
4. We rely on the best private market experts to tell us when it is safe after market conditions improve to begin selling these mortgage securities back into the market. If we have to, we’ll hold to maturity.
And this should be the complete extent of the plan. No money for ACORN, no letting borrowers unilaterally adjust down their debt, etc.
In step two, after careful study and deliberation, we should consider and make the best changes to the regulatory and accounting landscape and remove government interference from the market by repealing CRA, breaking up and setting free Fannie and Freddie and let the market get back to prudent creditworthiness standards in making new loans.
In my view, the alternative idea of an insurance scheme is a MORE socialistic solution.
THANK YOU!
“After years of trying to push capitalist solutions through a belligerent Democrat congress, with their backs against the wall?”
Let’s see, congress was Republican for how long? With a Republican president?
Trying to blame any one party entirely is just plain ignorant.
I should add that doing nothing and letting everything crash is also a MORE socialistic solution.
In a depression, people are ripe for falling for socialistic schemes and in that case we will see socialism such as we have never before seen in this country.
Related post...
Republican free-market madmen are getting in the way of a Socialist Takeover!
09/26/2008 7:25:01 AM PDT · by PlainOleAmerican · 2 replies
Socialist Worker ^ | September 26, 2008 | Staff Writer
When he said “this sucker could go down,” Bush wasn’t talking about the bailout plan. He was talking about the American financial system. Even the mainstream media were stunned by the details emerging Thursday night of what went on behind closed doors in the White House Cabinet Room at a meeting that brought together leading members of Congress from both parties; the two presidential candidates, Barack Obama and John McCain; and George Bush and assorted administration officials. Beforehand, Congressional leaders said they were basically united on the bailout plan. It seemed like Bush and the two presidential candidates would give...
http://www.freerepublic.com/focus/f-news/2091078/posts
DRILL BABY DRILL
Oct 1 ban expires
Your gross ignorance is overwhelming...
This day has been seventy years in the making. Republicans controlled 51% of congress for twelve of those seventy years, in the late stages when most of the damage had already been done.
We can agree that they should have done more with those twelve years. But to imply in any way that they share responsibility for where we are today is an outright lie of ill-intent or gross ignorance.
As stated, Republicans have worked to stop this for years, against Democrats who have worked for decades to bring it all about.
If you can’t tell the difference, you are a major part of the problem.
Thank you. They're all in it up to their ears. Plenty of liberal GOP up there mixing right in with the Dems. They all need to go, replaced by an army of Palins’. Give America back to the private sector. Hang the current population in Washington, and all their cronies.
But I can't help but wonder if even better capitalist options aren't still available?
Like, ending capital gains and corporate taxes for a period to attract investors and natural added liquidity to the market?
Or, a HUGE cash stimulus package to taxpayers what would put liquidity into the hands of the people who always use money to grow the economy, rather than grow government?
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