Posted on 03/04/2009 11:02:23 PM PST by dennisw
Yes.
http://is.gd/lUQZ
Thank you. I sure don’t get pleasure from it. I wish I could idolize him as so many others here do. If we were in this mess and Clinton had just completed his second term, what would we be saying right now?
Adding insult to injury, Bush will go on a lecture circuit and spew words of wisdom to those who will attend. And when he does I’m going to be thinking, sit down and shut the hell up. Have you no conscience?
Look where Reagan left the Conservative movement. Then look at where Bush has left it.
You take care.
Yeah, I agree. I wish I had a brilliant answer to our current “no-win” political mess, but I don’t. “Mr. Know It All” is just what my wife calls me, it’s not literally true. :)
Thanks RTT, sadly, I agree.
People really need to get past the “Fannie/Freddie” thing. When was the last time Fannie and Freddie needed a bailout? Months ago. How much did it cost? Not that much, relatively.
Who’s the dying pig that’s been back to the trough for THIRDS and has, so far gobbled up over $125 billion? AIG. Now, even if the “Community Reinvestment Act” forced all the banks to make bad loans (and in reality, it didn’t), no one put a gun to AIG’s head and made them insure those loans. No one forced the banks to play shell games and turn those loans into fungible assets. That was the banks and the failure of the banking system (including government oversight). These were the people we trusted to know the difference between a good loan and a bad loan. Of course idiots will take a loan they shouldn’t, but the important thing is that the people with the money not grant that loan.
If the banks had not been able to monetize those loans, and had AIG (and other insurers) been unable to insure them, we’d fine FINE. Yeah, a few failed banks, some taxpayer cleanup, but nothing worse that the S&L debacle that happened under Reagan.
Your link is no good.
The problem of course STARTED with Fannie and Freddie, but all of that could have been averted had our six years of Republican ownership of Capitol Hill and the White House resulted in positive Conservative accomplishments, such as Fair Tax, or Tort Reform, ... But I guess trying to outspend the RATs was far more important.
But Fannie and Freddie were the vehicles that got us here along with all of the other market toxicity that came along with it.
Now .. trying to continually bandage (with more and more taxpayers $$) the mortal wounds of corporations like AIG is just retarded! Let them do what every OTHER company has ever done in America and let them file for bankruptcy and we can all move along .. nothing more to see here.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.