Incredible

We're all Communists now.



Conservatives accomplished in 8 short years, what the Socialist and Communist parties of the US never even dreamed of in their wildest fantasies.

Nationalization of the nation's largest insurance and mortgage industries. Titans of Wall Street and our corporate overlords are begging the government to take them over.

One wonders if George Bush and his republican enablers were really moles for Communist Party, USA.


Here's a clue: pure unfettered capitalism is incompatible with democracy and freedom. Capitalism at its most ruthless and efficient, operates best in the medium of authoritarian or fascist government. (h/t, Naomi Klein)



Someday, shell shocked conservatives and republicans might realize the Scandanavians have figured out how to hit the sweet spot between a hybrid of capitalism, social welfare, and egalitarianism.

Or, they might keep pulling the lever like trained chimpanzees for people like Bob Dole, George W. Bush, John McCain, and Sarah Palin.


I'm actually wagering on the second option.
 
Cypress said:
We're all Communists now.



Conservatives accomplished in 8 short years, what the Socialist and Communist parties of the US never even dreamed of in their wildest fantasies.

Nationalization of the nation's largest insurance and mortgage industries. Titans of Wall Street and our corporate overlords are begging the government to take them over.

One wonders if George Bush and his republican enablers were really moles for Communist Party, USA.


Here's a clue: pure unfettered capitalism is incompatible with democracy and freedom. Capitalism at its most ruthless and efficient, operates best in the medium of authoritarian or fascist government. (h/t, Naomi Klein)



Someday, shell shocked conservatives and republicans might realize the Scandanavians have figured out how to hit the sweet spot between a hybrid of capitalism, social welfare, and egalitarianism.

Or, they might keep pulling the lever like trained chimpanzees for people like Bob Dole, George W. Bush, John McCain, and Sarah Palin.


I'm actually wagering on the second option.
Click to expand...

Cypress, you are starting to rant pretty bad.
 
Watermark said:
Good post though.
Click to expand...

Dude, I'm a living Casandra Syndrome!

I've been telling these cons for years how they're fucking up, and its all coming true. Damn right I'm pissed!

I'm f*cking moving to Vancouver, BC if Sarah Palin gets elected :can:


(excellent thread btw)
 
Watermark said:
Vancouver sounds like a pretty good idea, as long as the Canadian Conservatives don't win the next election. :clink:
Click to expand...


I think Jim Webb would be considered a "conservative" in Canada.

Ha, I'm just kidding. I'll never leave Cali. Unless my cousin wills me her home in Vancouver, that would be sweet.
 
I think Obama would be considered a Conservative in Canada.

Still, I don't like em. The Liberals have a really good platform this time, and their idiotic leader is killing them.
 
Watermark said:
Not exactly. But it's one thing I can blame on McCain.
Click to expand...

Good Luck,

You might want to start looking in the Messiah's direction. Franklin D. Raines is one of Obama's chief economic advisers. One has to wonder why democrats never called a congressional hearing on any of it.

http://tinyurl.com/3t5eq4

For years, mortgage giant Fannie Mae has produced smoothly growing earnings. And for years, observers have wondered how Fannie could manage its inherently risky portfolio without a whiff of volatility. Now, thanks to Fannie's regulator, we know the answer. The company was cooking the books. Big time.

When Fannie’s accounting scandal came to light in 2004, conservatives pushed hard for reforms to phase out Fannie and Freddie. Led by former Walter Mondale and Barack Obama campaign adviser James Johnson, Fannie and Freddie pushed back hard, raising millions of dollars for members of the relevant oversight committees and opening up “Partnership Offices” that funneled money into various housing projects in districts of key members of Congress.

http://tinyurl.com/6rlmgl

Former Fannie Mae chairman and chief executive Franklin D. Raines has agreed to a multimillion settlement with a federal regulator over his alleged responsibility for improper accounting at the mortgage finance giant.

The regulator, the Office of Federal Housing Enterprise Oversight, said Raines had agreed to forgo stock, cash and other benefits worth $24.7 million in exchange for dismissing the charges against him. However, the regulator's estimate wasn't the only way of looking at the value of the settlement.



http://tinyurl.com/5hlmgy

The political battle lines were drawn by 2000, when a senior Clinton administration official called on Congress to take steps that might have diminished the companies' special status. Treasury Undersecretary Gary Gensler also urged that regulators be given more power to set capital requirements for Fannie Mae and Freddie Mac.

The companies fought back.

"We think that the statements evidence a contempt for the nation's housing and mortgage markets," Freddie Mac spokeswoman Sharon J. McHale said at the time.

Even after Freddie Mac was shown to have manipulated earnings, Congress remained deadlocked over legislation to create a stronger regulator. Opposing one such bill in 2004, Sen. Charles E. Schumer (D-N.Y.) argued that a hostile regulator could use the proposed powers to choke the companies.

When a federal regulator accused Fannie Mae of cooking its books to increase bonuses, lawmakers lined up to denounce the regulator. Rep. William L. Clay Jr. (D-Mo.) said a House panel had no business holding a hearing on the matter -- "unless this is truly a witch hunt." Fannie Mae was later found to have overstated profits by $6.3 billion.

Former representative Richard H. Baker (R-La.), who chaired a subcommittee that oversaw the companies, struggled for years to rein them in and tried to show they were being managed for the enrichment of their executives. When Baker obtained data on Fannie Mae pay, a lawyer for the company threatened him with personal liability if he made it public, Baker recounted last week.

Critics of the two firms included former Reagan administration official Peter Wallison, who crusaded against them at the American Enterprise Institute, and a coalition of financial companies whose interests often conflicted with those of Fannie Mae and Freddie Mac. The Bush administration pushed a similar agenda.
 
LOL

[ame="http://www.youtube.com/watch?v=usvG-s_Ssb0"]YouTube - Explosive Video, Fannie Mae CEO calling Obama and the Dems the "Family" and "Conscience" of Fannie Mae[/ame]
 
Cypress said:
Dude, I'm a living Casandra Syndrome!

I've been telling these cons for years how they're fucking up, and its all coming true. Damn right I'm pissed!

I'm f*cking moving to Vancouver, BC if Sarah Palin gets elected :can:


(excellent thread btw)
Click to expand...

see my sig.
 
neither mcsame nor bo represent change i can believe in

oth, maybe bo and a dem congress will have enough pressure applied that they will have to perform - nah, that is just a fantasy
 
I expect we will be needing more money for unemploymnet insurance as well.

More money to prop up FDIC is a very likely thing to happen as well.
Most of my cash is covered by FDIC.
Gold is in a big lockbox.
Most all of my money is insured by thr govt in one way or another.
 
You must log in or register to reply here.
Back
Top