1. Attention: We have put together a thread with tips and a tutorial video to help with using the new software. Please take a moment to check out the thread here: Trapshooters.com Tutorial & Help Video.
    Dismiss Notice

Liberals and Their Failed Financial Policies

Discussion in 'Politics, Elections & Legislation' started by Paladin, Aug 22, 2010.

Thread Status:
Not open for further replies.
  1. Paladin

    Paladin Well-Known Member

    Joined:
    Jan 29, 1998
    Messages:
    4,399
    Yet another liberal has come forward and admitted their Federal financial policies were failures, right behind Robert Rubin.


    From Rasmussen;


    "Barney Frank Comes Home to the Facts"


    "For years, Frank was a staunch supporter of Fannie Mae and Freddie Mac, the giant government housing agencies that played such an enormous role in the financial meltdown that thrust the economy into the Great Recession. But in a recent CNBC interview, Frank told me that he was ready to say goodbye to Fannie and Freddie.

    "I hope by next year we'll have abolished Fannie and Freddie," he said. Remarkable. And he went on to say that "it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it." He then added, "I had been too sanguine about Fannie and Freddie."


    "Some would say Frank's mea culpa is politically motivated in advance of an election where bailout nation and big government are public enemies No. 1 and 2. Of course, poll after poll shows that the $150 billion Fan-Fred bailout, which the Congressional Budget Office estimates could rise to $400 billion , is detested by voters and taxpayers everywhere.

    In fact, these failed government agencies are in such bad shape that they can't even pay Uncle Sam the dividends owed under the conservatorship deal reached two years ago. That's right. In order to pay a $1.8 billion dividend on Treasury department stock, Fan and Fred had to borrow $1.5 billion from -- you guessed it -- the Treasury.

    Then there's this head-scratching detail: In an absolutely outrageous move last Christmas Eve, President Obama signed off on $42 million in bonuses for the top 12 Fannie and Freddie executives, including $6 million apiece for the two CEOs. (Hat tip to attorney Stephen B. Meister.)"


    Liberals caused the financial collapse, and yet another liberal has attempted to apologize for it.


    Liberals have not only ruined the economic stability of this country, but may very well have ruined the economic stability of the entire civilized world.
     
  2. recurvyarcher

    recurvyarcher Well-Known Member

    Joined:
    Apr 26, 2006
    Messages:
    6,450
    The only way that I would forgive him is if he got on every news station and every internet blog and apologized, exposed the corruption, and advised all against voting for liberals.
     
  3. halfmile

    halfmile Well-Known Member

    Joined:
    Jan 29, 1998
    Messages:
    15,649
    Location:
    Green Bay Wisconsin
    The Anointed One said his economic thinking was most influenced by John Maynard Keynes. (an effete homosexual elitist snob with no practical experience in life)

    The basis of Keynesian policy is that the government spends all kinds of money which gets the economy going because the recipients spend that money, creating jobs and growth. (it's a little harder when the fat cat bankers just grab the money and pass it around among themselves.)

    From Wiki:

    "Keynes argued that the solution to the Great Depression was to stimulate the economy ("inducement to invest") through some combination of two approaches: a reduction in interest rates and government investment in infrastructure. Investment by government injects income, which results in more spending in the general economy, which in turn stimulates more production and investment involving still more income and spending and so forth. The initial stimulation starts a cascade of events, whose total increase in economic activity is a multiple of the original investment."

    The programs they originated failed to bring the country out of the depression. The CCC and WPA were little more than subsistence programs, although Hoover Dam was Pretty big.

    My Dad was convinced to his dying day that our country knew the Japanese were attacking Pearl and allowed it so the people would be outraged enough to make the sacrifices necessary for an all out war, which would create the great amount of activity necessary to get the economy going again. Obviously the ongoing Democratic efforts were ineffective.

    Today it seems as if no one has access to any history books. Spending yourself out of trouble does not work on the governmental level any more than it does on the personal level.

    The above link will give you the truth.

    If this country is to survive the fat has to go. Now. The spending has to roll back, and the pork has to be gone. The health care bill that they lied about, and are now covering the truth about, has to be repealed.

    Federal intervention in the States' educational systems has to stop. Their function there should be to set standards and reward performance, no more.

    The "Stupid Spending" like squirrel bridges and studying earthworm sex habits should be gone.

    The Dems have been trumopeting "It's Over" for almost a year now, and it keeps getting worse. This brings on a rash of finger pointing and no cures.

    I believe this November's election is one of the most important in our country's history. Time for the Real "Change".

    HM
     
  4. timberfaller

    timberfaller Well-Known Member

    Joined:
    Feb 24, 2007
    Messages:
    7,979
    Location:
    Eastern Washington
    If the latest senator who passed away from Barry's state served time(18 months) for bankrupting their own post office,

    Why are Frank and Dodd still walking around free?
     
  5. Shooting Coach

    Shooting Coach Well-Known Member

    Joined:
    Sep 14, 2006
    Messages:
    8,358
    Location:
    Nashville Tn
    Does the Internet have sufficient bandwidth to accommodate this discussion in its entirety?
     
  6. Paladin

    Paladin Well-Known Member

    Joined:
    Jan 29, 1998
    Messages:
    4,399
    "it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it."


    Hey, liberals, answer this question. Exactly what part of that statement did you people fail to previously comprehend?? A fact that was known to most people except for liberals.


    Good question timberfaller.
     
Thread Status:
Not open for further replies.