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Obama to Repeat FDR's Scam

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  • Total voters
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Khayembii Communique said:
The reason they didn't stop doing what they were doing/care/act to prevent it is because they were making a lot of money off it. The reason it collapsed wasn't because "everyone realized it was a bubble" but because so many people started defaulting on their loans.
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Ok, I concede, that is a different way to look at it :rolleyes:
 
winston53660 said:
Wouldn't you just love to buy in cash one of those kick ass BMW's or Mercedes?
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I'd rather buy a secure piece of land with an allodial title that no government thugs, or any other kind, could touch.

--And with it a security system that would automatically zap any intruder bent on committing theft or any other kind of harm to me or my property.


However the sad truth is, I don't think it is possible for an ordinary person to buy allodial titled land in this country--or for that matter, perhaps--anywhere in the world.
 
Khayembii Communique said:
Ok, well you said "the entire market" and not "the majority of people". Thanks for clarifying. Although I would argue that a good portion of the market knew of the housing bubble; I remember either reading an article or hearing a story on NPR talking about some brokers at one of the leading investment firms who were openly talking with each other about how they hoped they were out before it popped. Basically, they knew it was going to pop some time soon but didn't know when, and were hoping that they would be out before it happened.

So I think claiming that "the entire market" missed it is incorrect; they knew it was going to happen, they just didn't know when.
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The banks and government know its a bubble that is why they adjust interest rates to slightly dissuade borrowing. It never seems to have the affect that they want. They never start to contract the money supply during this time and continue to allow the insolvent banks to lend. Fractional reserve banking is a scam for the people.
 
JoeMama said:
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.
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Plenty of people predicted this for years and seen it coming. They aren't liberal mainstream economists and their solutions weren't ideas that help politicians get reelected so they get ignored. Politicians interested in preventing an economic downturn "On their watch" keep instituting temporary measures that prolong the downturn and eventually make it worse, which is where we are now.
 
aquapub said:
So the question is, will America be the least bit distinguishable from the stagnant, mediocre economies of Europe, with their double-digit unemployment rates and government-run everything by the time this charismatic serpent is done smiling his way past our common sense?
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That's simply not true. I don't know where you get your facts from.

The Social Democracies of Europe are performing reasonably well with moderate growth, moderate unemployment and low inflation. And most of them (even with all of those dreaded social programmes) are running significant surpluses...

economics.jpg




Source: 2008 estimates from the 2008 CIA World Factbook
 
Arch Enemy said:
I don't understand what the problem is. The economy has shown once again that it cannot survive without the government.
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It has to do with the whole credit/loan system where people can go way in debt and then pass away, default and not pay, file bankruptsy and repeat, etc.

Add in the obsene lawsuit money amounts allowed against madical insurance, etc.

This and other things add up to a huge economic snowball that will only collapse.
 
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lighthouse said:
That's simply not true. I don't know where you get your facts from.
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Facts? Who the hell is talking about facts?

We're talking about the fear of having a Marxist-Leninist like Obama as President.
 
What's even more of a joke is supposing some right-wing do nothing type had been elected in FDR's stead. This country would have gone Marxist-Leninist if that had happened :shock:

:mrgreen:
 
Joby said:
What's even more of a joke is supposing some right-wing do nothing type had been elected in FDR's stead. This country would have gone Marxist-Leninist if that had happened :shock:

:mrgreen:
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What was odd about FDR is that traditionally democrats had been against big federal government. FDR blew that out of the water though.

There is a big communication problem where Democrats and Republicans are on the political scale.

Democrats are more like bottom up socialists where as Republicans are top down socialists.

The rhetoric they spew is enough to fool most people on how similar they are.
 
aquapub said:
This visionary column by Dick Morris hits the nail on the head:

TheHill.com

As Obama uses the recession to justify wildly expanding the nanny state-to European proportions-under the guise of "recovery," while the policies he enacts actually drag it out and worsen it, he will fundamentally weaken the US and cripple its economy, permanently, with irreversible welfare programs, as FDR did with things like Social Security.

He will also use this insane government expansion to stack the deck for generations against those who prefer individuality, personal responsibility, and self-reliance to nanny state welfare programs and no right to choose.

And like FDR, for his assault on America, Obama will be revered-at least by all who control the flow of information in this country. And the free market enabling this country to still inch its way towards recovery despite liberal policies will be misrepresented for all time as liberals fixing Republican policy failures.

So the question is, will America be the least bit distinguishable from the stagnant, mediocre economies of Europe, with their double-digit unemployment rates and government-run everything by the time this charismatic serpent is done smiling his way past our common sense?
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Dick Morris said the same thing about Bush!
TheHill.com - Bush’s legacy: European socialism

The results of the G-20 economic summit amount to nothing less than the seamless integration of the United States into the European economy. In one month of legislation and one diplomatic meeting, the United States has unilaterally abdicated all the gains for the concept of free markets won by the Reagan administration and surrendered, in toto, to the Western European model of socialism, stagnation and excessive government regulation. Sovereignty is out the window. Without a vote, we are suddenly members of the European Union. Given the dismal record of those nations at creating jobs and sustaining growth, merger with the Europeans is like a partnership with death.

-------

Will Obama govern from the left? He doesn’t have to. George W. Bush has done all the heavy lifting for him. It was under Bush that the government basically took over as the chief stockholder of our financial institutions and under Bush that we ceded our financial controls to the European Union. In doing so, he has done nothing to preserve what differentiates the vibrant American economy from those dying economies in Europe. Why have 80 percent of the jobs that have been created since 1980 in the industrialized world been created in the United States? How has America managed to retain its leading 24 percent share of global manufacturing even in the face of the Chinese surge? How has the U.S. GDP risen so high that it essentially equals that of the European Union, which has 50 percent more population? It has done so by an absence of stifling regulation, a liberation of capital to flow to innovative businesses, low taxes, and by a low level of unionization that has given business the flexibility to grow and prosper. Europe, stagnated by taxation and regulation, has grown by a pittance while we have roared ahead. But now Bush — not Obama — Bush has given that all up and caved in to European socialists.
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New topic...
 
What's even more of a joke is supposing some right-wing do nothing type had been elected in FDR's stead. This country would have gone Marxist-Leninist if that had happened
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Don't you find it slightly curious that the depression which saw the most government intervention lasted longer than any other depression in American history?

Research the depression of 1921 (I believe that was the year). It saw very little government intervention and lasted only one year. The Great Depression, however, was typified by massive government intervention and lasted roughly a decade; that is until WWII shocked our economy into recovery, which, consequently, provided a convenient mask for FDR's economic buffoonery.

The idea that government officials can properly "manage" something as large, as complex, and dynamic as a country's economy is beyond laughable. No matter how many times history has proven this underlying concept to be a complete and abject failure it continues to persist like some incurable virus. Get the government out of our economy and our lives and we'll be just fine. It's about time for Americans to come out from under mommy's skirt...
 
ARealConservative said:
McCain was also all for massive spending
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A testament to the need to nationally synchronize Republican primaries and stop allowing non-Republicans to determine our nominees. McCain's nomination was the product of media bias, coupled with the voice of actual conservatives being restricted. When we allow liberals to select our candidates for us, we always end up with pseudo-conservative "mavericks" and lose.
 
Arch Enemy said:
I don't understand what the problem is. The economy has shown once again that it cannot survive without the government.
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:rofl

If, by "cannot survive without the government," you mean, cannot survive non-stop, crippling Democrat interference in the free market, sure.
:lol:

It was Democrat restrictions on American energy supplies that gave us $4/gallon gas and Democrat Affirmative Action lending policies that destroyed the housing market-all of which was taken out on Republicans, the ones screaming from the rooftops since the beginning to prevent all of this.
 
aquapub said:
:rofl

If, by "cannot survive without the government," you mean, cannot survive non-stop, crippling Democrat interference in the free market, sure.
:lol:

It was Democrat restrictions on American energy supplies that gave us $4/gallon gas and Democrat Affirmative Action lending policies that destroyed the housing market-all of which was taken out on Republicans, the ones screaming from the rooftops since the beginning to prevent all of this.
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Republican sponsored restrictions are just as bad as Democrat restrictions.
 
Arch Enemy said:
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?
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This is the bank robber blaming the police for his shooting of a fleeing hostage. If Democrats hadn't forced banks to lower lending standards, thus giving birth to the sub-prime mortgage, while guaranteeing them that they would be covered by the federal government, banks would never have made loans they knew would end up in default.

Try again.
 
Ikari said:
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 ****.
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:lol:

McCain: Save Iraq, lose America.
Obama: Lose Iraq, lose America.
Paul: Lose Iraq, keep America.

Between these three God-awful choices, yes. Ron Paul would've been least terrible.
 
aquapub said:
:lol:

McCain: Save Iraq, lose America.
Obama: Lose Iraq, lose America.
Paul: Lose Iraq, keep America.

Between these three God-awful choices, yes. Ron Paul would've been least terrible.
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God damnet I wanted Ron Paul to be Prez so badly.

Grumble Grumble Grumble

:damn
 
aquapub said:
:lol:

McCain: Save Iraq, lose America.
Obama: Lose Iraq, lose America.
Paul: Lose Iraq, keep America.

Between these three God-awful choices, yes. Ron Paul would've been least terrible.
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Palin: Jobs. When it comes down to it, it's all about jobs. Wait. What was the question? :shock:

:rofl

Just kidding.
 
Jessica said:
Palin: Jobs. When it comes down to it, it's all about jobs. Wait. What was the question? :shock:

:rofl

Just kidding.
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You forgot the head bouncing from side to side while twirling her bangs. Oh wait, that was a highschool cheerleader...

:lol:

She was funny to watch though, I'll give her that.
 
lighthouse said:
That's simply not true. I don't know where you get your facts from.

The Social Democracies of Europe are performing reasonably well with moderate growth, moderate unemployment and low inflation. And most of them (even with all of those dreaded social programmes) are running significant surpluses...

economics.jpg




Source: 2008 estimates from the 2008 CIA World Factbook
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"There are lies, damn lies, and statistics" -Mark Twain

Congratulations. :applaud

You've managed to demonstrate that, after years of being utterly decimated by one liberal policy failure after another, the U.S. economy is finally destroyed enough for Europes Socialism-apologists to misrepresent it as a failure of Capitalism.

Yes, since Europeans have started sweeping pro-American, pro-free market conservatives into office, their crippled, tiny economies have begun to come back from (very recent) double-digit unemployment:

Associated Press Financial Wire. "French Jobless Rate at 10.2 Percent." June 30, 2005.

But dropping the unemployment rate 1 or 2% for a weak economy like France's is much easier than dropping it the same amount for an economy the size of America's.

And once Obama's Socialist policies have destroyed enough of our economy to put us on par with Europe and we've spent as much time as they have in double-digit unemployment, I'm sure any movement in the right direction will make us look like we're dramatically improving too.

There's a reason every country that deregulates and lowers taxes explodes onto the scene of the global economy, virtually overnight-and vice versa.

Nice try.
 
Jessica said:
Palin: Jobs. When it comes down to it, it's all about jobs. Wait. What was the question? :shock:

:rofl

Just kidding.
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I'm guessing this is supposed to be a slam on Palin's intelligence...as opposed to that of the far less experienced president we now have who thinks there are 57 states, can't tell which committees he's sat on, can't count past 12, and contradicts himself at every turn?

Yeah, real well thought out. :2wave:

Like I always say, liberals have 3 responses to intellectual engagement:

1) You're mean.

2) You're stupid.

3) You're a homo.

Congratulations. :applaud

You've chosen number 2.
 
aquapub said:
I'm guessing this is supposed to be a slam on Palin's intelligence...as opposed to that of the far less experienced president we now have who thinks there are 57 states, can't tell which committees he's sat on, can't count past 12, and contradicts himself at every turn?

Yeah, real well thought out. :2wave:

Like I always say, liberals have 3 responses to intellectual engagement:

1) You're mean.

2) You're stupid.

3) You're a homo.

Congratulations. :applaud

You've chosen number 2.
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I know, that humor pisses me right the **** off too!

How dare people make fun or light of a situation or person! DAMN THEM ALL!!!!!!!!!!!!!!!!!!!!!!!!!

If you would ummm... like it to be... umm.. fair, Aquapub! I ummm.. I would be glad. Umm I would be glad to make light of President Obama, as well.
 
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Joby said:
What's even more of a joke is supposing some right-wing do nothing type had been elected in FDR's stead. This country would have gone Marxist-Leninist if that had happened :shock:

:mrgreen:
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Actually, the joke here is liberals pretending to be something other than the most notoriously historically ignorant people on the planet.

From my book:

"Rexford Tugwell, a crucial figure in FDR‘s New Deal, even admitted that 'practically the whole New Deal was extrapolated from programs that Hoover started.'

Claremont Institute. 'Debating the New Deal.'”
 
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