Say Anything Blog

IT’S ONE WORLD, ONE GLORIOUS WORLD, AND WE ALL NEED TO CHIP IN TO MAKE EVERYONE THE SAME.  POOR

Gman ( o)==:::

No Shoulder Shrugs.  A lie left unchallenged soon becomes the truth.

From each according to his ability, to each according to his ability.  That’s economic justice.

The only legitimate role of government with regard to economics is to prevent fraud and provide a remedy- civil and criminal penalties- in case of fraud.

People have the mistaken notion that the free market has no rules.  But it most certainly does.  All our problems are due to government meddling.

I was under the misguided impression that free trade was the flow of goods or services from one country to another unhindered by government restrictions. Silly me. I guess I missed out when the large tariff discussions were going on. So do we call it not so free trade, or sorta free trade, or unfree trade? Grrrrr. I guess this falls under that compassionate conservatism horse puckey.

The main problem with “free trade” is that most countries are severely restrictive in their trade practices. They do not want outside products and goods being sold cheaply in their countries because it hurts their industry/agriculture. Protectionism, its whats for dinner!

Una Salus Victus Nullam Sperare Salutem

Harken back to June 17, 1930:

The Smoot-Hawley Tariff raised taxes on imported goods as high as 60 percent. Not only did this burden American consumers with another tax, but it effectively killed international trade. Soon all nations were raising tariffs and rushing behind the walls of protectionism. The subsequent collapse of international trade added signifcantly to the Great Depression.

The battle for freedom must be won over and over again.

Free trade does not mean we just let the financial sector collapse. If the banks can not operate, nothing moves, including goods and services.

But cheer up, Bush will be gone soon and then all the back stabbers on the right will actually have something to complain about for a change.

NO!.....

next subject?.....

/*Dave
[Political Correctness is the Shield of a Coward]

Do Politicians Even Know What Free Trade Is Any More?

NO, they do not; and that applies to the current crop of Republicans in Washington.

They get to Washington, start reading the WaPo and NYT, start believing the narrative put forth by the democrats and fortified by the MSM, and then consume themselves trying to defend their position in front of two-bit journalists(?) whose main priority is to destroy them.

To conservatives in Washington, to elected Republicans in Washington, Throw away your newspaper subscriptions, stop watching the MSM, tell MSM reporters to go screw themselves, and above all, just honestly represent your constituencey in Washington.

Otherwise, let us throw the ignorant pricks out of office.

Free trade does not mean we just let the financial sector collapse.

The problems with the financial sector have nothing whatsoever to do with free trade.  They are a result of Dem affirmative action home loan mandates, which created the “derivatives” market to deal with the bad loans, enabled by Fannie and Freddie, until they could eat up no more bad loans, and the house of cards the Dems created fell down.
Again, free trade was not in any way a factor.

The only legitimate role of government with regard to economics is to prevent fraud and provide a remedy- civil and criminal penalties- in case of fraud.

People have the mistaken notion that the free market has no rules.  But it most certainly does.  All our problems are due to government meddling.

Free trade always seems to get hung up on more tax money for the government.

The Democrats and the government policy of giving home loans to people who could neither repay them or were even in country legally is what caused the financial crisis. The Fed made it worse with their “free money” policy.

The problems with the financial sector have nothing whatsoever to do with free trade.  They are a result of Dem affirmative action home loan mandates, which created the “derivatives” market to deal with the bad loans, enabled by Fannie and Freddie, until they could eat up no more bad loans, and the house of cards the Dems created fell down.

So true, This has been a democrat party program from the git-go.
Bush pushed for reforms in 2001.
McCain pushed for reforms in 2005.
Barney Frank and Dick Durbin declared it independently solvent in 2007.

The Republicans in Congress refused to confront the issue, because they would have been declared “racists” because the program was set up to get minorities into housing they could not afford.

And, there were also other abuses forced upon this ill-conceived government program. Speculators, who simply brought properties, waiting for a market explosion to simply cash-in on ever-increasing market value.

Anytime, the federal government interferes or tries to control a free market, you can look ahead to failures such as this.

Free trade always seems to get hung up on more tax money for the government.

FYI, when “more tax money for the govt” is a result of increased economic growth, it’s good; when it comes from greedy govt simply wanting more of our money, it’s bad.

The only legitimate role of government with regard to economics is to prevent fraud and provide a remedy- civil and criminal penalties- in case of fraud.

People have the mistaken notion that the free market has no rules.  But it most certainly does.  All our problems are due to government meddling.

Yet the left fails to acknowledge that removing money form the consumer, through taxes, is also removing money from the market.... a concept that is vehemently denied by the leftists.

The leftist philosophy is built by whiny, greedy, jealous, micro-managers.

More simply put, the leftist thinks that if ’you‘ succeed it was only because ’you‘ caused someone else to fail. This in turn is used by these socialists as a rationalization for their money-grabbing, “spread the wealth”, policies.

/*Dave
[Political Correctness is the Shield of a Coward]

And, just think, we have a Socialist ready to assume the office of the Presidency who has declared that he is ready to go back and implement the policies and programs of FDR.

Hoover’s big tax increases, coupled with FDR’s Federally funded programs, kept the US economy in an arrested state of economic decline that lasted for over a decade. While Europe was recovering from a 1930’s depression, the USA was not recovering until the prosperity of WWII.

Bunch of whining bitches.

Reducing Regulation

In the summer of 2003, leaders of the four federal agencies that oversee the banking industry gathered to highlight the Bush administration’s commitment to reducing regulation. They posed for photographers behind a stack of papers wrapped in red tape. The others held garden shears. Gilleran, who succeeded Seidman as OTS director in late 2001, hefted a chain saw.

Gilleran was an impassioned advocate of deregulation. He cut a quarter of the agency’s 1,200 employees between 2001 and 2004, even though the value of loans and other assets of the firms regulated by OTS increased by half over the same period. The result was a mismatch between a short-handed agency and a burgeoning thrift industry.

He also reduced consumer protections. The other agencies that regulate banks review corporate health and compliance with consumer laws separately, which consumer advocates say helps ensure that each gets proper scrutiny from specialists. Gilleran merged the consumer exam into the financial exam.

Deregulation

...even though the value of loans and other assets of the firms regulated by OTS increased by half over the same period.

The inflated value due to the affirmative action home loan mandates sending a false demand signal to the housing market.
The only thing that should have been deregulated was the mandate for banks to loan money to people who couldn’t afford to pay it back.  Had they done that, or had the Dems not tried to use the home finance industry as a tool of social engineering, today’s economic problems would not exist.  You lefties would have to make up a different series of lies to fool people into voting for you.

The only legitimate role of government with regard to economics is to prevent fraud and provide a remedy- civil and criminal penalties- in case of fraud.

People have the mistaken notion that the free market has no rules.  But it most certainly does.  All our problems are due to government meddling.

You can not “tax and government spend yourself into prosperity.”

A president does not create jobs; he simply takes money from the productive sector and deposits it into some worthless program that ensures the participants will vote for him in the next election.

I have worked all my life, never expecting free cheese down at the welfare office, and never thought that any elected politician could ensure my financial security, never asked for free health care, never asked for someone to pay my mortgage, never asked for some government official to fill my gas tank.

I guess I am just some sort of American anachronism who would have been in better company centuries ago…

There is no personal responsibility anymore: just an insatiable desire for unlimited rights without maintaining any responsibility.

Banks and thrifts , the ones regulated by CRA loans are solvent.

Eneils bailey, you lucky dog, should you be injured and outlive insurance and assets , notarize a document to have yourself placed in the dumpster rather than the long term care facility.

Are you telling us that long term care facilities are only open to those on welfare?

Una Salus Victus Nullam Sperare Salutem

...the dumpster rather than the long term care facility.

Not a huge amount of difference, actually.  Your apppeal to emotion is noted, along with your lack of a factual or logical argument.

The only legitimate role of government with regard to economics is to prevent fraud and provide a remedy- civil and criminal penalties- in case of fraud.

People have the mistaken notion that the free market has no rules.  But it most certainly does.  All our problems are due to government meddling.

Two: He’s obviously not referring to the private sector ones.

...should you be injured and outlive insurance and assets…

The only legitimate role of government with regard to economics is to prevent fraud and provide a remedy- civil and criminal penalties- in case of fraud.

People have the mistaken notion that the free market has no rules.  But it most certainly does.  All our problems are due to government meddling.

long term care facilities are only open to those on welfare?

After the money, the insurance and the house are gone.
They don’t do pro bono care.

Eneils bailey, you lucky dog, should you be injured and outlive insurance and assets , notarize a document to have yourself placed in the dumpster rather than the long term care facility.

You are close, I have one living survivor, my son, who knows that I have donated my body to medical research. I doubt if they will find anything of interest or remote enlightenment that will justify expense of further study on my remains.

I will go away in peace, knowing that if I get deposited in a dumpster, thrown about to litter the landscape, or whacked up in some medical Lab, you or your children will not be pressed into service to pay the bill.

So, everyone in long term care homes are on welfare? Show us the proof.

Una Salus Victus Nullam Sperare Salutem

I would dare say, I have been on this earth longer than you.

Seen babies come into this world, grasping for breath, fighting to survive.

Seen some old people, some of them my relatives, fight to their last breath.

Seen some of my past associates, too young to die, pray and plead for life to continue, only to be denied.

You bitch, don’t you tell me that human life should be thrown into dumpster.

Thank you,
For reminding me of the dark side of human existence, and the goodness that exists in other people.

Rubin At Citicorp

While much of the damage inflicted on Citigroup and the broader economy was caused by errant, high-octane trading and lax oversight, critics say, blame also reaches into the highest levels at the bank. Earlier this year, the Federal Reserve took the bank to task for poor oversight and risk controls in a report it sent to Citigroup.

The bank’s downfall was years in the making and involved many in its hierarchy, particularly Mr. Prince and Robert E. Rubin, an influential director and senior adviser.

You may remember Rubin. He’s the one that called Treasury on Enron’s behalf when they were being investigated.

It seems that every time we kick over one of these failed bank there’s a former Clinton (and future Obama) staffer involved. Jim Johnson, Jamie Gorelik, Robert Rubin.

And, they’re going to be the new financial team in the Obama administration.

All three advisers — whom Obama will officially name on Monday and Tuesday — have been followers of the economic formula that came to be called Rubinomics: balanced budgets, free trade and financial deregulation, a combination that was credited with fueling the prosperity of the 1990s.

But times have changed since then. On Wall Street, Rubin is facing questions about his role as director of Citigroup given the bank’s current woes. And in Washington, he and his acolytes are calling for a new formulation to address the global economic crisis that Obama will inherit — and rejecting or setting aside, for now, some of their old orthodoxies.

Instead of deregulation, Obama has sworn to usher in a period of re-regulation, to avoid the freewheeling risks that Citigroup and the rest of the financial industry undertook after Rubin, with Summers, helped tear down the regulatory walls between banks, brokerages and insurance companies, and freed them to trade in unregulated and little-understood derivatives worth trillions of dollars. Geithner spent his first years as president of the Federal Reserve Bank of New York seeking ways to at least monitor those markets better.

But it was all the mean old Republican’s fault.