"Americans are completely fed up with the gridlock. They can't believe no one is willing to compromise,
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Utter BS! Compromise IS the Problem. All traitors to We the People and the U.S. Constitution MUST GO! Bye bye don't let the door hit you on the way out.
Amen and amen. BS indeed.
“Utter BS! Compromise IS the Problem. “
Amen to that, Bro. Republican “compromise” to socialism over the past 80 years has brought us to a financial cataclysm that may destroy the nation. If we had had no-compromise fiscal conservatives in Congress (in both parties), we would still be a world leader in most categories and would not be in the colossal mess we are in today. The overspending is sheer insanity as if tomorrow never comes.
The author is simply an uneducated, narrow-minded idiot with no historical perspective and not even the most basic understanding of macroeconomics.
Dems come to power they tend to react to a crisis with more regs to help the children, etc, etc, etc. Problem is big corporations make sure the new regs kill Main Street and burden any upcoming medium size corporations that can compete against them.
GOP come to power they forget that not all regs are socialist conspiracy to redistribute wealth. Big business can corrupt officials and cheat the people. Gov needs to keep an eye on them and make sure existing regs are enforced.
Example of GOP defect, Wall Street meltdown could have been avoided if SEC, banking and etc enforced existing regs. Contrary to popular belief, CRA identifies subprime borrowers when loan note is bundled into mortgage backed securities, but the CRA never condoned liar loans, which the bankers took advantage of the loophole and sold it to Freddie Mac and Fannie Mae as prime mortgage notes. Treasury was informed by the FBI when they uncovered liar loans in banks involved with money laundering and were concern enough with its widespread use to inform the banking reg in 2004. There was enough info to go after WaMu and several mortgage companies specializing in making loans and immediately selling it to FMFM. Worst analysts in Moody, S&P, Fitch were scuttle butting amongst themselves how they were forced by their bosses to rate mortgage backed securities AAA when the banks refused to provide individual borrower mortgage data in the portfolio to analysis using common commercial practice. Fortunately many of these MBS have a give back clause which allows the investor to force the banks to buy back their MBS if they do not meet the claims of the prospectus narrative.
All this would come out if the banks did not decide to settle the lawsuits and the Obama is trying to force the banks to carry out liberal social agenda in exchange for lenient settlement then force the bank CEO’s face criminal trial, possible conviction, prison and fines and most important public airing of the crime. That is what Main Street wants from the feds, not bailouts, plea bargains and minor fines so future bankers will pull the same scheme all over again. Remember, young bank execs and upcoming managers are also watching this crisis unfold where the culprits make billions and give back a fraction in fines and settlements. If these future young execs decide the scheme is worth the rewards, what do you think will happen when they become CEO’s fifteen years from now?