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Thread: Obama to Repeat FDR's Scam

  1. #11
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    Re: Obama to Repeat FDR's Scam

    Quote Originally Posted by Arch Enemy View Post
    Horrible management on the executive levels? Shady dealings with untrustworthy individuals in the market place? Spending money that does not exist? Corporations "losing" billions of dollars?
    It is hard for me to address these with out you being more specific.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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  2. #12
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    Re: Obama to Repeat FDR's Scam

    Quote Originally Posted by Arch Enemy View Post
    Horrible management on the executive levels? Shady dealings with untrustworthy individuals in the market place? Spending money that does not exist? Corporations "losing" billions of dollars?
    Exxon has been doing great. They got enough cash in the bank to last for eons.

  3. #13
    Bank killer. Jessica's Avatar
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    Re: Obama to Repeat FDR's Scam

    The economy will survive just fine without the government. In fact, bail-outs are not constitutional, as it interrupts the free market. The Constitution's General Welfare Clause requires that all the federal government's expenditures be for the general welfare, such as a highway, or a national park, or a military installation; something from which everyone can directly benefit. Shareholders of Freddie, Fannie, and Bear Stearns are a small limited class of persons whose well-being hardly enhances the general welfare. Besides, the government cannot decide which businesses can survive and let others fail.

    What the economy needs, is no privatized central bank system like we have with the Federal Reserve Bank.

    But this started with Henry Paulson and the Bush administration. The man behind helping to decide which banks got bail-outs while others did not, such as Lehman Brothers, was Tim Geithner. He also helped to kill deriviatives. That snake needs to go. So does Larry Summers. Larry Summers helped to repeal the Glass-Steagall act which kept banks off Wall Street and from monopolizing other banks. With that act gone, and then JP Morgan Chase getting bail-out (aka free) money, they bought Washington Mutual; their competitor.

    This is all to make us like Europe, and Europe is now a union. Just like we will be. All part of the evil plan. It's just business, after all.

  4. #14
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    Re: Obama to Repeat FDR's Scam

    Quote Originally Posted by winston53660 View Post
    Exxon has been doing great. They got enough cash in the bank to last for eons.
    So were the banks that got those bail-out funds.

  5. #15
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    Re: Obama to Repeat FDR's Scam

    Quote Originally Posted by Arch Enemy View Post
    Horrible management on the executive levels? Shady dealings with untrustworthy individuals in the market place? Spending money that does not exist? Corporations "losing" billions of dollars?
    So you have a private enterprise business that makes a costly mistake, you should increase regulation?
    ...

    The subprime mortgage issue could not have been helped with more regulation. Government would have still let the loans go out.
    No one forsaw what was going to happen.
    No one forsaw a real estate bubble that was about to burst.
    And I doubt the government could have forseen that with more regulation.

    People/businesses learn from there mistakes, not if you give them bailouts though. Then it takes away a bit of the incentive to redress your wrongs.
    "Two things are infinite: the universe and human stupidity; and I'm not sure about the former" - Albert Einstein

  6. #16
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    Re: Obama to Repeat FDR's Scam

    Quote Originally Posted by Arch Enemy View Post
    Horrible management on the executive levels? Shady dealings with untrustworthy individuals in the market place? Spending money that does not exist? Corporations "losing" billions of dollars?
    Umm, sounds like you're describing the government

  7. #17
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    Re: Obama to Repeat FDR's Scam

    Horrible management on the executive levels? Shady dealings with untrustworthy individuals in the market place? Spending money that does not exist? Corporations "losing" billions of dollars?
    The entire point of government is to assist in the perpetuation of the extraction of capital. When a crisis in capitalism threatens to destroy the entire system, the government can step in and "bail them out," which is what we're seeing governments trying to do now.

    The problem is that the amount of fictitious capital in existence cannot be reconciled with government subsidization due to the fact that government funding is largely fictitious as well. This is why we're seeing the reckless printing of money; they certainly can't get a loan, anymore!

    The Constitution's General Welfare Clause requires that all the federal government's expenditures be for the general welfare, such as a highway, or a national park, or a military installation; something from which everyone can directly benefit. Shareholders of Freddie, Fannie, and Bear Stearns are a small limited class of persons whose well-being hardly enhances the general welfare. Besides, the government cannot decide which businesses can survive and let others fail.
    These actions are actually justified by the General Welfare Clause by claiming that without such "bailouts" the economic crisis would be much more profound.

    No one forsaw a real estate bubble that was about to burst.
    How could you miss it?
    Last edited by Khayembii Communique; 01-23-09 at 09:47 AM.

  8. #18
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    Re: Obama to Repeat FDR's Scam

    I do agree with others that McCain wasn't much of a better choice. The thing that really worries me about Obama is that he'd start down the FDR road right quickly and infuse into it his own personal brand of socialism.

    Should have voted for Ron Paul if y'all didn't want this ****.
    You know the time is right to take control, we gotta take offense against the status quo

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    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

  9. #19
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    Re: Obama to Repeat FDR's Scam

    Quote Originally Posted by Zyphlin View Post
    Umm, sounds like you're describing the government
    i couldn't help myself, but that was great.
    "Two things are infinite: the universe and human stupidity; and I'm not sure about the former" - Albert Einstein

  10. #20
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    Re: Obama to Repeat FDR's Scam

    Quote Originally Posted by Khayembii Communique View Post
    How could you miss it?
    Umm...the entire market missed the fact that the bubble was going to pop...until it happened...
    that's the reason why it is a bubble
    "Two things are infinite: the universe and human stupidity; and I'm not sure about the former" - Albert Einstein

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