Interesting quote from another Marxist

Thats right!:thumbs:

 

What do you think has been happening in the last two months? The Republicans have virtually nationalized the home mortgage business, bought a major insurance company, and now are buying stakes in various banks. If that's not Marxism what is?

 

As has already been pointed out in another thread the roots of the current problem (including the government bail out) go directly back to the "New Deal" thinking of FDR. Then Johnson pushed us a bit further to the left with his policies. The Clinton administration pushed the home mortage industry, via Fannie and Freddie, to make more and more risky loans based on the idea that every American has a right to be a home owner (whether or not they can actually repay the loan was not important). In 2005 when conservatives tried to get legislation passed that would deal with the problems at Fannie and Freddie the liberal Dem leadership, including Barny Frank, said no. They argued that everything was fine and there were no problems at Fannie and Freddie. Now that a crisis blew up in their faces, and President Bush pushed for action based on a misguided plan and financial philosophy, the liberal Dems in control of the Congress passed legislation, mistakenly approved by the President, that took us further down the road to outright socialism. You can't lay this entire mess all on President Bush. They are all covered up in it and stinks real bad.

 

FDR ruined America!
My Grandfather always said that... Now I agree.

The New Deal for America is now being completed...
Welcome to the Socialist States of America.

 

The "old frog in the pot" theory!!

The old theory that if you place a LIVE frog in a pot of cold water and slowly turn the heat up under the pot, you will have cooked frog. That is what you are referring to, and I couldn't agree more. Great post!!!

In a nutshell, the socialists, liberal wing-nuts that are in control of this election have us right where they want us: in a pot of cold water, on a stove with the flame on "low!" Ouch!

We are being cooked alive, and we have the young college people of this nation to thank. If Obama gets in, it will be because the college educated youngsters have believed all that Liberal stuff pushed down their throats. And we have George "W" to thank, because he could have acted more appropriately the last 4 years, and not placed such a large chasm between the young and the older...

We are getting what we deserve, and the young, college socialists will see the error of their ways. Once again, they must find out the hard way, that they were not smarted than their parents....

Pastor Paul:type:

 

I am in agreement with you. FDR was some kind of work. Now don't anyone get the wrong idea. I'm not using this message for any kind of politics. If it had been of the different party, I would still say the same thing. When we get so callased for politics one way or another, I say, I hope to throw politics out the window and just think.
Just call it as it is. The New Deal. What difference does it make? Get to the root of the problem. Crooked people do crooked things.

 

The majority of the sub-prime loans were made during the Bush administration. There was also a Republican move under Bush to reduce regulation of the mortgage business. Perhaps the most dangerous aspect of this crisis was when Wall Street Republicans packaged these failing mortgages into derivative offerings which served to magnify. Here again, oversight was lacking on the Bush administration's part. It's ridiculous to blame this financial crisis on President's who served 60 or more years ago. We've had numerous periods of prosperity since then. Do you credit all of them to FDR, etc. What about the balanced budget that was achieved under Bill Clinton versus the mountain of debt piled up by George Bush? Your argument is fundamentally unsound.

 

The richest people on Wall Street are supporting Obama as I pointed out on another thread.

 

The balanced budget under the Clinton Administration can be traced birectly back to Newt Gingrich, his Contact with America, and the conservative Republican take over of the House. They drug Bill Clinton to the balanced budget kicking and screaming. No one is seeking to solely blame FDR for the current mess. The point is that the political idealogy that allowed for the current mess started with the New Deal. You keep returning to make arguments solely about the Bush Administration while failing to acknowledge that it also occurred under the direct leadership and oversight of the liberal Dem controlled Congress particularlly through the committees under Chris Dodd's and Barney Frank's care and leadership. This crisis did not just all of a sudden happen. The elements that led to it developed slowly over a long period of time. John McCain and others tried to head off the problems they saw coming in 2005, but were blocked by Chris Dodd and Barney Frank among other liberal Dems. Why can't you at least be honest enough to admit that they were all at fault rather than dogmactically pointing at President Bush and him alone?

 

Your whole argument is unsound:

http://www.youtube.com/watch?v=_MGT_cSi7Rs

 

Actually, since that's counter to the long standing trend I don't believe that without proof. I believe you identified about 4 people, none of whom work on Wall Street.

 

Do you even begin to understand...
1. The role Congress played in all this?
2. The Constitutional role of the President? (Hint: it has nothing to do with the economy).