Posted on 09/24/2008 8:31:30 PM PDT by Christopher Lincoln
The mainstream media and Democratic politicians-is there a difference between the two any more?-have been trying to exploit the mortgage crisis to convince the public that free markets have been discredited. A particularly obnoxious writer with the Atlanta Journal-Constitution even goes to far as to demand to know, "What happened to ...[those] who denounced government regulation and read from the holy scriptures as recorded by Ayn Rand?"
Well, here we are-or at least, here I am-and I am not impressed by the bluster of the anti-capitalists, because they are the ones who are getting this story completely wrong.
(Excerpt) Read more at jewishworldreview.com ...
I’m sorry, but this article makes far too much sense to be posted in the current environment of know-nothing “anti-greed” class warfare on FR. It must be removed immediately.
The author did lose me a bit at the end - I fully understand the moral hazard principle but if we don’t first save our financial system in the immediate circumstances there will be no opportunity to return it to a more free market functioning, and otherwise we will soon be able to renew our drivers’ licenses, mail a package and make deposits and withdrawals from our bank accounts at the same convenient government location.
Exactly!
Err..you lost me there.
“Come to think of it, that’s precisely what Ayn Rand warned about. Discredited? I would say she has been vindicated.”
Excellent article!! I have been feeling like America was suddenly living in ‘Atlas Shrugged’ for weeks now!! Thank you so much for posting this!!
How come we never credit “greed” during booms? It doesn’t seem fair that greed gets all the blame and no praise.
This article lays out the case convincingly that it was BIG GOVERNMENT and not big Wall Street, or Big Business, or "Big Flippers" that is to blame as far too many on FR seem to believe.
I can qualify for a half-dozen Titanium Charge Cards, max them all out, and live like the millionaire next door...for a time.
But sooner or later, the bills are due. And then it's not so fun.
My kids especially like to play with the fake credit cards they send.
Maybe if they get a pile of them, they'll get the idea I don't want them.
If I need the AARP or a charge card or a refinance or home equity loan, I'll go looking for the best deal.
I don't need their piles of junk to decide. They prey upon the old and weak. Shame on them.
The solicitors are out of control, and desperate.
I get these junk phone messages several times a week, these charlatans offering to refinance my debt, even though I don't have any. As if they know who has debt, and who doesn't. They just assume everyone has debt they can't handle. That's the mentality that has brought us to this place.
“If I need the AARP”
Anyone that would look to AARP for anything is either an ultra liberal or a fool!
As soon as I turned fifty, they began relentlessly hammering me with junk mail, at least twice a week. I’m saving up a great big pile of it, to send it back all at once.
I don’t need the government no-call list, I simply erase them. It’s easy.
My home is also my office. I don't have the luxury of ignoring my phone. Caller ID helps significantly. No call reduces the level of nuisance calls. Fielding business calls on my cell phone also keeps things focused.
Their garbage has been taking up space in my mail box for over 20 years, you’ve got a long ways to go!
Even returning it postage due doesn’t stop them.
I see your point. I don’t have a home business, so it’s just blah blah blah and then erase for me.
Well, shoot...it'll still make me feel better to dump a pile on them!
I've heard it's hard to get AARP to take you off their mailing list.
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