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Why I Oppose the Bailout
FreedomWorks.com ^ | September 29, 2008 | Dick Armey

Posted on 09/29/2008 2:27:48 PM PDT by DivaDelMar

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Dick Armey for President!!!
1 posted on 09/29/2008 2:27:48 PM PDT by DivaDelMar
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To: DivaDelMar

Dick’s retired off his Broadcom and Exodus stock so he’s right to be promoting tough love. Tough love baby. Burn it down. The pea pickers and Dennis Kucinich are officially on the same page. You done good boys.


2 posted on 09/29/2008 2:32:55 PM PDT by kinghorse (Is market intervention a moral hazard if it stops people who arent forced sellers from selling out?)
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To: DivaDelMar

Thank you, Dick Armey! God bless you Sir!


3 posted on 09/29/2008 2:33:11 PM PDT by Jim Robinson
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To: DivaDelMar
The money quote: Granting the Treasury broad authority to buy troubled assets from private entities poses a significant threat to taxpayers and fundamentally alters the relationship between the private economy and the federal government.

Dick Armey - there is a welcome voice from the past.

4 posted on 09/29/2008 2:35:00 PM PDT by VRW Conspirator (In times of rapid change, experience could be your worst enemy. - J. Paul Getty)
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To: DivaDelMar

Adding this one to my collection:

http://www.freerepublic.com/focus/bloggers/2093233/posts?page=1http://www.freerepublic.com/focus/news/2083123/posts?page=50

http://findarticles.com/p/articles/mi_m1282/is_n25_v45/ai_14779796

http://www.freerepublic.com/focus/f-news/1965239/posts
http://www.ibdeditorials.com/IBDArticles.aspx?id=306978378974502
http://www.ibdeditorials.com/IBDArticles.aspx?id=307149667289804&kw=cra
http://www.freerepublic.com/focus/f-news/2088795/posts
http://www.americanthinker.com/2008/09/the_financial_mess_how_we_got.html

http://www.freerepublic.com/focus/f-news/2092987/posts

http://www.freerepublic.com/focus/f-news/2093289/posts

http://www.freerepublic.com/focus/f-news/2093405/posts


5 posted on 09/29/2008 2:37:14 PM PDT by rockinqsranch (Dems, Libs, Socialists, Call 'em what you will, they ALL have Fairies livin' in their Trees.)
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To: DivaDelMar

He can be Patraeus’ Vice President after Palin bows out.


6 posted on 09/29/2008 2:37:25 PM PDT by Niuhuru (Don't burn a bra, burn a feminist!)
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To: Jim Robinson

Hehehe. You gotta remember the sage words of Reagan’s OMB wunderkind, David Stockman, when he said “None of us really knows what’s going on with these numbers”.

All I know is I picked the wrong week to stop sniffing glue.


7 posted on 09/29/2008 2:39:29 PM PDT by kinghorse (Is market intervention a moral hazard if it stops people who arent forced sellers from selling out?)
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To: DivaDelMar

No, the MSM would truly and assiduously attack Dick Armey for just his, “Barney F__” (instead of saying Barney Frank) verbal slip up, and that verbal slip up alone would defeat him, thanks to the MSM.


8 posted on 09/29/2008 2:43:13 PM PDT by johnthebaptistmoore (Vote for conservatives AT ALL POLITICAL LEVELS! Encourage all others to do the same on November 4!)
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To: DivaDelMar

The Supreme Court should weigh in on this now, before the democrats come up with another Bill.


9 posted on 09/29/2008 2:43:13 PM PDT by RC2
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To: Temple Owl

ping


10 posted on 09/29/2008 2:47:50 PM PDT by Tribune7 (How is inflicting pain and death on an innocent, helpless human being for profit, moral?)
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To: DivaDelMar
As a free market economist I unequivocally oppose this legislation because it violates the basic working tenets of free market capitalism and individual responsibility.

Ordinarily I would agree 100% with Armey on this, but, banks didn't willingly make loans to unqualified borrowers. The government made them extend loans to low and no income borrowers. The government, meaning congress, bears the blame for this mess but the banks and wall street are the ones taking the heat.

11 posted on 09/29/2008 2:50:40 PM PDT by SunTzuWu
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To: DivaDelMar

I agree with Dick Armey. Why should the government tie itself up in knots to help the markets. Restore confidence but do it responsibly.

I just saw Rep. Culberson (R-Tx.) on CNBC swat a bunch of CNBC liberal talking heads with the reasons why he opposed the bill and solutions to the problems that won’t burden his daughter and future grandchildren. He spoke eloquently and clearly. We need more of this and I would love to see Dick Armey and Rep. Culberson continuing to put out the “fiscal conservative” positions. I had not seen him before, but he spoke well about this bailout. More great conservatives from Texas. Great stuff.


12 posted on 09/29/2008 2:50:57 PM PDT by kevinm13 (The Main Stream Media is dead! "Global Warming" is a HOAX!)
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To: SunTzuWu

Thank you. This is a trap set by socialists. They want armageddon in the markets, people jumping in front of trains. They want the new, new deal. We are set to give it to them on a silver platter. If the markets drop another 15% there will be 60 plus democrat senators with a sitting democrat president. I guarantee it.


13 posted on 09/29/2008 2:59:55 PM PDT by kinghorse (Is market intervention a moral hazard if it stops people who arent forced sellers from selling out?)
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To: SunTzuWu

And is the answer to the problem MORE government intervention in the market, or

PERHAPS the best thing to do would be to REPEAL the Community Reinvestment Act and the other idiocies which led us down this path?

The answer certainly CANNOT be MORE GOVERMENT INTERVENTION.

Here, LESS is definately MORE.


14 posted on 09/29/2008 3:00:24 PM PDT by DivaDelMar (CRAm member-- (Conservative Republicans Against mcCain) Think you're entitled to my vote? CRAm It!!!)
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To: kevinm13

If it was a Republican congress you would have gone for it.


15 posted on 09/29/2008 3:01:55 PM PDT by kinghorse (Is market intervention a moral hazard if it stops people who arent forced sellers from selling out?)
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To: kinghorse

The Internet is the great equalizer. They need to hear/read Dick Armey’s piece.

They’ll understand and vote accordingly.


16 posted on 09/29/2008 3:02:16 PM PDT by DivaDelMar (CRAm member-- (Conservative Republicans Against mcCain) Think you're entitled to my vote? CRAm It!!!)
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To: DivaDelMar

Dick Armey Bump!


17 posted on 09/29/2008 3:02:59 PM PDT by jazusamo (DefendOurMarines.org | DefendOurTroops.org)
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To: DivaDelMar

I think the following needs to be done:

1. Repeal the Community Reinvestment Act.

2. Outlaw ARMs.

3. Revise Sarbine-Oxley on mark to market rules, or perhaps repeal Sarbine-Oxley.

4. Allow lenders to charge higher interest rates to subprime borrowers to cover their risks.

5. Outlaw leverage above a certain level.


18 posted on 09/29/2008 3:31:53 PM PDT by mombi
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To: johnthebaptistmoore

Wasn’t that Al D’Amato of New York who said that?


19 posted on 09/29/2008 3:34:50 PM PDT by canalabamian (Durka durka...Muhammad FUBAR!)
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To: mombi

Repeal Sarbanes-Oxley. That was another GROSS government over-reaction to something the market took care of perfectly.

Enron no longer exists. Arthur Anderson no longer exists.

Problem solved.

We don’t need the government to “fix” this for us.

The market will do just fine.


20 posted on 09/29/2008 5:38:51 PM PDT by DivaDelMar (CRAm member-- (Conservative Republicans Against mcCain) Think you're entitled to my vote? CRAm It!!!)
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