email this to Michael Steele.
How? Because its true what my dad used to say - people are idiots.
This was a setup folks. Started with CRA’s and mortgages started by lawyers like Obama who di it as a community organzier. Virus was placed in banks through fellow travelers working at Fannie & Freddie. Pelosi and Reid NO Energy Policy drives oil abd gas prices to $4+ a gallon.
Bear market raids by Soros, Flower and John Paulson leading up to october. Bush and Paulson panic etc etc. TV News and MSM newspaper media 100% behind Obama.
Obama keeps pushing panic to push socialism. I wonder if this is what really happened in 1929 and FDR.
The newspapers are dying but the TV news media will lead us to serfdom and Islamification. ACORN and their sister group SEIU will keep the Dems in power forever. The GOP has it’s hopes on 2010 but ACORN may throw monkey wrenh into that plan.
We need to boycott and cancel cable and sat TV unless someone has another idea.
We have a very hard time winning because the MSM set the agenda and formulate the rules of the debate. Obama is almost entirely a product of the MSM. The whole Acorn, sub-prime lending scandal is a product of the MSM setting the debate.
Visionary, principled Republicans are demonized and delegitimized by the MSM. Unless you have pulpit such as Rush does to defend yourself, Republicans have very little way to defend themselves against the MSM onslaught.
The MSM was taken over by so called “Progressives” long ago. If we are to win, we need to keep finding ways to work around them, convert them, or create alternative means of educating the public.
Compassionate conservative = I'm a principled conservative until my "feelings" get involved.
Put them together and you have a liberal.
We’ve seen big government statists in the guise of:
Compassionate conservatives.
Pragmatic conservatives.
Moderate conservatives.
Centrist conservatives.
Maverick conservatives.
Wouldn’t it be nice to just see a...conservative, minus the need to qualify it?
Sorry, but that's not what happened. True, some of the early legislative meddling in increasing mortgage availability to minorities set the stage for the subsequent banking collape, but it wasn't subprimes to blacks - there just weren't enough of them to make it happen.
". . . but with government-mandated population growth (20 million immigrants), growth in demand outstripped growth in supply.
Aha! - Here is where the author gets it right, except for the number, which is really closer to 30-40 million illegals in the USA, which will be validated after amnesty when the applications come in.
It was not until there was a huge demand for housing these tens of millions of illegal aliens starting after 2001, that the subprime lenders could find enough customers (suckers) to let the subprime market grow out of sight, and allow a huge Ponzi base to support the derivataive phony financial paper that leveraged the already out of control subprimes to the trillions of CDOs and Mortgage-based bonds that were guaranteed to go into default.
The real story is how well the media, RINOs, and Democrats have covered up that prime causation of today's meltdown because they did not want to jeopardize their open borders agenda.
I don’t the early emphasis on blacks in your vanity. If you honestly believe that we’re in the this mess because of the extremely small number of loans made to black people, I have a bridge to sell you.
The risk was effectively transferred to the taxpayers two ways. First Fannie and Freddie had nationalized their risks, so when they inevitably failed taxpayers would be on the hook. Second, the big banks and companies like AIG that had made or underwritten the bets on the market in either direction would be deemed to big to fail and would be bailed out. It was all perfectly inevitable except when some civic-minded republicans and a handful of progressive democrats voted against the bailout.
Raising rates is inevitable, the central bank can't do much about that except inflate or allow debt to build up to force default. So Greenspan raised rates, too much and too late. Now Bernanke is frantically lowering them too much and too late. Low rates now cause more problems than they solve. It is ridiculous for anyone to loan at low rates to an American with an overpriced house and dimming job prospects. Rates should be about 10-15% depending on the borrower, anything less is artificial and only contributing to the problem.
We got into this by not standing up for Conservative principles.
Decades of politically correct pacifism and giving in to the socialists has caused this.
It stops now.
First don’t call them liberals or progressive.
They are socialists. Call them socialists.
They hate it because it is true.
bttt