Posted on 12/19/2011 9:59:22 AM PST by jazusamo
Anyone who has ever owned a home, or taken a loan has benefitted more, comparatively, that Gingrich did from FNMA.
If Steyn is promoting Romney, and he seems to be doing so, I am disappointed in Steyn. The problem is, once again, conservatives have no candidate worth voting for and I am heartily sick of voting against someone instead of for someone.
It seems that is what it has come to and I don't think any of it matters any more after our TEA Party Congress passed the Patriot Act or whatever it's called, the one that rips up Posse Comitatus and designates the USA as a War Zone. No incoming president, no incoming party will repeal that monstrosity because even the best(barring possibly the resurrection of Reagan) will see it as possibly useful. That law is the line that we have crossed on the way to the Total State and Lenin's dream. There is no going back now and I fear we cannot even slow the locomotive.
Not quite:
IRS clears Newt Gingrich's college course
February 3, 1999 Web posted at: 11:43 a.m. EST (1643 GMT)
Newt Gingrich
WASHINGTON (February 3)
--
The Internal Revenue Service Wednesday cleared former House Speaker Newt Gingrich of an alleged tax law violation in connection with a controversial college course he taught. . . . Democrats said it was a campaign gimmick and filed ethics complaints accusing him of illegal use of tax-exempt funds for political purposes.
A tax expert hired by the House Ethics Committee said the course violated tax laws . . .
SNIP
. . . . "The ... course taught principles from American civilization that could be used by each American in everyday life whether the person is a welfare recipient, the head of a large corporation, or a politician." . . . .
After filing over seventy "ethics charges" angainst Newt, the Dems finally made one stick, but the IRS found nothing wrong and recommended the college course in question to anyone.
Good for Thomas Sowell. The RINO GOP Establishment fears Newt because he has a track record of cutting Govt and shaking up Washington. They also fear that we will alienate those precious Independents the GOP wants. Newt has a track record of Cutting Govt, Reform, and Balanced Budgets. Mitt has a track record of compromise, compromise, and more compromise. Mitt will say, “I am Pres of All the people”, and he will cave into the Dems on every issue.
That’s nice.
Pretty pictures of accounting gimmicks.
Tell me again which was the last year the National Debt decreased.
Can you name one important positive thing that Romney accomplished as governor of Massachusetts? Can anyone?
Well, can anyone?
Agree
.
I showed you the four consecutive years of Federal Budget surpluses that Newt's tenure as Speaker of the House of Representatives gave us.
Let's speak English on this forum.
“His “consulting” is just more of the same influence peddling and crony capitalism that is killing this country.”
It is not influence peddling and crony capitalism that are killing this country. This country can survive an almost infinite amount of influence peddling and crony capitalism.
It is the left. The left, the left, the left. They hate our country, its system, and its constitution. They are at war with us, and people sit around grumbling about influence peddling and crony capitalism.
Oh, oh, I have a .50 caliber round through my heart, but never mind that, there’s a crony capitalism pimple on my nose.
Dan?
Is that you?
Dan’s not here.
Sorry, Wrong Finny...
Pay to play is the left left left. It’s just another form of fascism. If you want to see countries with slightly worse cronyism look at African countries. Nothing gets done without a little grease. It doesn’t matter what for a government takes if the corruption steals the ability for business to get done efficiently. Either you don’t get it or you are involved in it.
My home didn’t cost anywhere near that much and I don’t do government loans.
But ... I thought I was the only one!
“It doesn’t matter what for a government takes if the corruption steals the ability for business to get done efficiently.”
That is only true if one presumes that our Republic will not be replaced by a system resembling that of the USSR.
Otherwise, where there is money to be made, business will be conducted.
I spent the 90's securitizing mortgages from FNMA, FHLMC, and GNMA, structuring them into CMOs and trading them. For decades, these agencies existed with little or no controversy, succeeding in their mandate to free up capital for banks, so that they would be able to create more loans to homeowners. The MBS market became the largest credit market in the world, larger than US Treasuries. The problems that we are now dealing with can be traced directly back to changes in how the GSEs went about doing business, starting in the late 80's, when they started trading and inventoring their own products, and then exacerbated during the Clinton Administration, when they were required to adjust their credit quality standards (particularly for minority homeowners). While the GSEs get all of the blame for what took place, they actually provided a very valuable service to American homeowners, and to the economy. Again, for decades they operated profitably. And because of their size, they lowered interest rates for all borrowers. Assuming your home is your largest investment you benefitted directly from the GSEs. Assuming you have ever taken a loan from anyone (including holding a credit card), you benefitted indirectly.
Newt’s background definitely matters, but what matters more is the maturity of the electorate, and its ability to comprehend the gravity of the Nation’s state.
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