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Re: Convict Bush, McCain and the GOP for the Economy
Posted by: pbeaird
Date: 09/30/2008 09:56AM
Blinding yourself by means of partisan bias is not a pretty sight in the face of someone trusted with the public eye and ear, such as a columnist like you.
Government promises of guarantees, a history of bailouts, federal insurance, agenscies such as FannieMae and FreddieMac and the urgent encouragement to get renters and illegal aliens into home ownership simply follow the pro-socialist philosophy of the Party that was seduced by the alleged wave of the future of collectivist social caretaking for the whole population which is the philosophy of socialism. That is the Democrat Party (as George Bush so amusingly termed it).
The fact that the Republicans have lost any identity by being the "me too" Party, following the lead of the Democrats doesn't mean that only the Republicans deserve the blame.
Equally to blame are the Wall Street idiots who, instead of being sound businessmen, actually believed the promises of government and sank their and their clients' fortunes into fraudulent mortgage loans. We saw the exact same pattern of appraisers giving inflated real estate values, loan officers faking income sources on behalf of incapable borrowers...all this in Orance County California in the 1980s. But, it didn't have the government programs to fuel it up to a national scale then. The lesson to be learned is that government promises that the discipline of the market, which is Loss, will not be allowed to affect those who help achieve political purposes (like spreading home ownership regardless of the ability to pay) will encourage the worst in people, just as Medicare fraud by doctors exists only because Medicare exists.
As for bailing out the Wall Street elite: let them enjoy profits, as long as they also have to lose their reputations and their shirts when they are wrong. Capitalism is about profit and LOSS.
So, reading this columnist belittling her reputation and judgment by campaigning for the Democrats whose political philosophy (which says that government is the answer, which makes you wonder what they think the question is) caused today's large problem is so small minded it has NO place here.
Government promises of guarantees, a history of bailouts, federal insurance, agenscies such as FannieMae and FreddieMac and the urgent encouragement to get renters and illegal aliens into home ownership simply follow the pro-socialist philosophy of the Party that was seduced by the alleged wave of the future of collectivist social caretaking for the whole population which is the philosophy of socialism. That is the Democrat Party (as George Bush so amusingly termed it).
The fact that the Republicans have lost any identity by being the "me too" Party, following the lead of the Democrats doesn't mean that only the Republicans deserve the blame.
Equally to blame are the Wall Street idiots who, instead of being sound businessmen, actually believed the promises of government and sank their and their clients' fortunes into fraudulent mortgage loans. We saw the exact same pattern of appraisers giving inflated real estate values, loan officers faking income sources on behalf of incapable borrowers...all this in Orance County California in the 1980s. But, it didn't have the government programs to fuel it up to a national scale then. The lesson to be learned is that government promises that the discipline of the market, which is Loss, will not be allowed to affect those who help achieve political purposes (like spreading home ownership regardless of the ability to pay) will encourage the worst in people, just as Medicare fraud by doctors exists only because Medicare exists.
As for bailing out the Wall Street elite: let them enjoy profits, as long as they also have to lose their reputations and their shirts when they are wrong. Capitalism is about profit and LOSS.
So, reading this columnist belittling her reputation and judgment by campaigning for the Democrats whose political philosophy (which says that government is the answer, which makes you wonder what they think the question is) caused today's large problem is so small minded it has NO place here.
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