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Government Bailouts: A U.S. Tradition Dating to Hamilton
Wall Street Journal ^
| SEPTEMBER 20, 2008
| MICHAEL M. PHILLIPS
Posted on 10/04/2008 4:33:24 PM PDT by Toddsterpatriot
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Interesting. "Bailouts" even when we had limited government.
To: 1rudeboy; Mase; expat_panama; Rusty0604; Jim 0216; xjcsa; VegasCowboy; groanup; Fan of Fiat
2
posted on
10/04/2008 4:33:53 PM PDT
by
Toddsterpatriot
(Let me apologize to begin with, let me apologize for what I'm about to say....)
To: Toddsterpatriot; informavoracious; larose; RJR_fan; Prospero; Conservative Vermont Vet; ...
3
posted on
10/04/2008 4:34:54 PM PDT
by
narses
(...the spirit of Trent is abroad once more.)
To: Toddsterpatriot
The WSJ found a form of government intervention they can live with.
4
posted on
10/04/2008 4:35:43 PM PDT
by
skeeter
To: skeeter
First, kill all the bankers.....LOL!
5
posted on
10/04/2008 4:36:49 PM PDT
by
Toddsterpatriot
(Let me apologize to begin with, let me apologize for what I'm about to say....)
To: Toddsterpatriot
6
posted on
10/04/2008 4:38:09 PM PDT
by
BGHater
(Democracy is the road to socialism.)
To: Toddsterpatriot
First, kill fund all the bankers.....LOL!
7
posted on
10/04/2008 4:40:55 PM PDT
by
skeeter
To: Toddsterpatriot
One could say this whole story is a bit of a stretch. And they are completely wrong on the S & L mess, it was caused by congress changing the depreciation schedule.LOL
8
posted on
10/04/2008 4:40:59 PM PDT
by
org.whodat
( "the Whipped Dog Party" , what was formally the republicans.)
To: Toddsterpatriot
What! Hamilton advocated the Gov't buying up debt!
That financial socialist!!
/sarc
9
posted on
10/04/2008 4:42:29 PM PDT
by
what's up
To: Toddsterpatriot; rabscuttle385
10
posted on
10/04/2008 4:52:10 PM PDT
by
rabscuttle385
("Please sir, may I have another!")
To: Toddsterpatriot
From a historical standpoint, I was mildly suprised to see someone advocating "mega" tariffs (heading into an economic downturn) on that Social Security thread I posted.
Some people will never learn.
11
posted on
10/04/2008 4:54:43 PM PDT
by
1rudeboy
To: Toddsterpatriot
In view of the current government bail out of the financial industry how can Obama pretend that he can promise change on the taxpayers time.
Obama healthcare plan = Radical, Reckless and irresponsible waste of tax dollars.
obama Social programs = Radical, Reckless and irresponsible wast of tax dollars.
Obama Education programs = Radical Reckless and irresponsbile waste of tax dollars.
McCain should call for a spending freeze.
Obama will destroy the military in order to carry out his socialist agenda that is why ASSOCIATIONS matter.
12
posted on
10/04/2008 5:06:55 PM PDT
by
tomnbeverly
(Obama Change we Can't Afford.)
To: 1rudeboy
I missed that. One of our favorite clowns? Or a new one to laugh at?
13
posted on
10/04/2008 5:09:08 PM PDT
by
Toddsterpatriot
(Let me apologize to begin with, let me apologize for what I'm about to say....)
To: Toddsterpatriot
A major reason for the Constitutional Convention in 1787 was Shay’s Rebellion. The rebellion occurred when farmers in Massachusetts became enraged over imprisonment by many would could not pay high taxes due to Revolutionary War debt.
The rebellion was put down, but the Framers recognized the need to resolve the debt. The government lacked this power under the Articles of Confederation, so they granted it in the Constitution and the federal government assumed the debts of the individual states.
14
posted on
10/04/2008 5:10:55 PM PDT
by
wagglebee
("A political party cannot be all things to all people." -- Ronald Reagan, 3/1/75)
To: Toddsterpatriot
The bubble pops. Lenders freeze. Depositors lose faith. Panic spreads. And the government steps in He omitted the first link in the chain: government creates the bubble.
15
posted on
10/04/2008 5:12:02 PM PDT
by
SeeSharp
To: Toddsterpatriot
![](http://www.newsgroper.com/files/post_images/hugo-chavez.jpg)
`I nationalize strategic companies and get criticized, but when Bush does it, it's OK,'' Chavez said on weekly television program Sept. 21. ``Bush is turning socialist. How are you, comrade Bush?''
16
posted on
10/04/2008 5:12:45 PM PDT
by
ari-freedom
(Betcha they're good. Why shouldn't they be? Their one mistake was giving up me!)
To: SeeSharp
He omitted the first link in the chain: government creates the bubble.Maybe that's a more recent occurrence?
17
posted on
10/04/2008 5:14:18 PM PDT
by
Toddsterpatriot
(Let me apologize to begin with, let me apologize for what I'm about to say....)
To: ari-freedom
`I nationalize strategic companies and get criticized, but when Bush does it, it's OK,'' Which companies did Bush nationalize?
18
posted on
10/04/2008 5:15:09 PM PDT
by
Toddsterpatriot
(Let me apologize to begin with, let me apologize for what I'm about to say....)
To: wagglebee
The rebellion occurred when farmers in Massachusetts became enraged over imprisonment by many would could not pay high taxes due to Revolutionary War debt. Especially since much of that debt consisted of notes paid to them as wages when they were soldiers and which they had had to trade at heavily discounted values because no one wanted US notes. Now the state was trying to redeem the notes at full face value by taxing the very men who had been cheated with the notes to begin with.
I'd get my gun too.
19
posted on
10/04/2008 5:16:51 PM PDT
by
SeeSharp
To: Toddsterpatriot
It was an EPI driveby. Managed to hijack the thread, though. We were talking about unfunded Social Security and Medicare liabilities, and the next thing you know Lew Rockwell is involved and people are trying to stick it to the robber barons to prevent the spread of socialism. I can find it, give me a minute.
20
posted on
10/04/2008 5:18:38 PM PDT
by
1rudeboy
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