Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

How the Democrats created the meltdown on Wall Street
jpost.com ^ | Oct. 2, 2008 | Kevin Hassett

Posted on 10/02/2008 11:42:46 AM PDT by Tolik

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-39 last
To: Coffee_drinker

All credit for this thread is due to Tolik.

I do agree that the MSM still has not figured out that they are a dying creature.


21 posted on 10/02/2008 12:17:58 PM PDT by Army Air Corps (Four fried chickens and a coke)
[ Post Reply | Private Reply | To 15 | View Replies]

To: 1rudeboy
"...while Democrats point fingers between now and November 4: Senator John McCain was one of the three cosponsors of S.190, the bill that would have averted this mess."

OK, that's a reasonable answer to the 'what-next' question.   Not a cure all but at least a step in the right direction.

22 posted on 10/02/2008 12:21:00 PM PDT by expat_panama
[ Post Reply | Private Reply | To 6 | View Replies]

To: All


WorldNetDaily.com: "4 WEATHERMEN TERRORISTS DECLARE SUPPORT FOR OBAMA Call for 'grassroots effort' to help boost campaign" by Aaron Klein (October 2, 2008, 12:20 am Eastern)

FOX NEWS.com (AP): "FACT CHECK: Biden's Chopper Was 'Forced Down' by Snowflakes" (October 2, 2008)

FRONTPAGE MAGAZINE.com (THE WASHINGTON TIMES): "From a Little ACORN" by Mona Charen (October 2, 2008)

FRONTPAGE MAGAZINE.com: "LETTING THE AL QAEDA MYTH GO UNCHALLENGED" by Seth Forman (October 2, 2008)

JIHADICA.com: ""The Painful Truth: Al-Qaeda is Losing the War in Iraq"" (October 1, 2008)

Link (pdf)

FRONTPAGE MAGAZINE.com: "BLACK RACISTS RECRUITED TO GUIDE THE JIHAD" by John Perazzo (October 2, 2008)

JIHAD WATCH.org (CAMPUS WATCH): "INGRID MATTSON AND THE U.S. MUSLIM ENGAGEMENT PROJECT" (SNIPPET: "Mattson was one of the speakers at an interfaith gathering at the Democratic National Convention in August...") (October 1, 2008)

stepping back in time...JIHAD WATCH.org - Dhimmi Watch: "ISLAMIC LEADER URGES JEWS TO BE WARY OF CHRISTIAN FUNDAMENTALISTS" (March 15, 2007)

NEWSMAX.com: "SECRET, FOREIGN MONEY FLOODS INTO OBAMA CAMPAIGN" by Kenneth R. Timmerman (September 29, 2008)

ZOMBIE.com - blog: "THE GREENLINING INSTITUTE: DOES THE FINANCIAL CRISIS HAVE ITS ORIGINS IN BERKELEY?" (September 30, 2008, 7:44 pm)

THE AMERICAN PROWLER - Special Report: "FINANCIAL AFFIRMATIVE ACTION" by Matthew Vadum (September 29, 2008, 12:08 am)



[Post no. 2] - ARCHIVES - Topic: BIDEN & OBAMA (aka B & O) (October 1, 2008 -- Click Here.)

23 posted on 10/02/2008 12:43:50 PM PDT by Cindy
[ Post Reply | Private Reply | To 1 | View Replies]

To: Tolik

This may be in the wrong place and a bit long but I wanted to share this e-mail I received with you all.
This is an article written by Charlie Reese, a former columnist for the
> Orlando Sentinel Newspaper.
> Very interesting perspective on the state of our Nation!
>
> -——Original Message-——
>
> 545 PEOPLE
> By Charlie Reese
>
> Politicians are the only people in the world who create problems and then campaign against them. Have you ever wondered why, if both the Democrats and the Republicans
are against deficits, we have deficits? Have you ever wondered why, if all the politicians are against inflation
and high taxes, we have inflation and high taxes?

You and I don’t propose a federal budget. The president does. You and I don’t have the Constitutional authority to vote on appropriations. The House of Representatives does.

You and I don’t write the tax code, Congress does.
You and I don’t set fiscal policy, Congress does.
You and I don’t control monetary policy, the Federal Reserve Bank does.
One hundred senators, 435 congressmen, one president, and nine Supreme Court justices 545 human beings out of the 300 million are directly,legally, morally, and individually responsible for the domestic problems that plague this country.I excluded the members of the Federal Reserve Board because that problem was created by the Congress. In 1913, Congress delegated its Constitutional duty to provide a sound currency to a federally chartered, but private, central bank. I excluded all the special interests and lobbyists for a sound reason. They have no legal authority. They have no ability to coerce a senator, a congressman, or a president to do one cotton-picking thing. I don’t care if they offer a politician $1 million dollars in cash. The politician has the power to accept or reject it. No matter what the lobbyist promises, it is the legislator’s responsibility todetermine how he votes.Those 545 human beings spend much of their energy convincing you that
what they did is not their fault. They cooperate in this common con regardless of party.

> What separates a politician from a normal human being is an excessive amount of gall. No normal human being would have the gall of a Speaker, who stood up and criticized the President for creating deficits. The president can only propose a budget. He cannot force the Congress to accept it.
The Constitution, which is the supreme law of the land, gives sole responsibility to the House of Representatives for originating and approving appropriations and taxes. Who is the speaker of the House? She is the leader of the majority party. She and fellow House members,not the president, can approve any budget they want. If the president vetoes it, they can pass it over his veto if they agree to. It seems inconceivable to me that a nation of 300 million can not replace 545 people who stand convicted — by present facts — of incompetence and irresponsibility. I can’t think of a single domestic problem that is not traceable directly to those 545 people. When you fully grasp the plain truth that 545 people exercise the power of thefederal government, then it must follow that what exists is what they want to exist. If the tax code is unfair, it’s because they want it unfair. If the budget is in the red, it’s because they want it in the red. If the Marines are in IRAQ , it’s because they want them in IRAQ . If they do not receive social security but are on an elite retirement
plan not available to the people, it’s because they want it that way. There are no insoluble government problems.Do not let these 545 people shift the blame to bureaucrats, whom they hire and whose jobs they can abolish; to lobbyists, whose gifts and advice they can reject; to regulators, to whom they give the power to regulate and from whom they can take this power. Above all, do not let them con you into the belief that there exists disembodied mystical forces like “the economy,” “inflation,” or “politics” that prevent them from doing what they take an oath to do. Those 545 people, and they alone, are responsible. They, and they alone, have the power. They, and they alone, should be held accountable by the people who are their bosses provided the voters have the gumption to manage their own employees.

> We should vote all of them out of office and clean up their mess!
>
> Charlie Reese is a former columnist of the Orlando Sentinel
> Newspaper.


24 posted on 10/02/2008 12:50:03 PM PDT by Bitsy
[ Post Reply | Private Reply | To 1 | View Replies]

To: Windflier

The democrats failure in 2005 isn’t an excuse to do the wrong thing for the country now. McCain voted for the bailout because you can’t ignore a liquidity crisis.


25 posted on 10/02/2008 12:56:26 PM PDT by DannyTN
[ Post Reply | Private Reply | To 14 | View Replies]

To: Tolik

Bump.

In short, all the anger directed at “Wall Street” would be better and more deservedly focused at the “family” and “conscience” of Fannie Mae and Freddie Mac (as Franklin Raines called the Senate and House Rats protecting him in 2005).

Yes, the Wall Street bankers took advantage of the market created by Fannie and Freddie. To some extent, that is what they were supposed to do for their shareholders. But it was the enlargement of Freddie and Fannie’s role in the market-—IOW, it was the U.S. Government-—that directly caused this crisis.

There must be accountability.


26 posted on 10/02/2008 1:00:38 PM PDT by fightinJAG (Fly the flag!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: milwguy

Exactly.

McCain and Palin need to keep repeating:

The Democrats “socialized the risk and privatized the profit.”


27 posted on 10/02/2008 1:01:31 PM PDT by fightinJAG (Fly the flag!)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Tatze

Hey, first we have to get to the point where most Americans understand even the general outlines of what happened in 2005. Then we build on that.


28 posted on 10/02/2008 1:02:40 PM PDT by fightinJAG (Fly the flag!)
[ Post Reply | Private Reply | To 12 | View Replies]

To: DarthFuzball

Bookmark bump


29 posted on 10/02/2008 1:04:27 PM PDT by DarthFuzball ("Life is full of little surprises." - Pandora)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Bitsy

Every time i read Charlie Reese on a subject where no Israel/Jooos are involved, I am saddened at the gross waste of his talent, because he is really good. Until he sees another Jooo in a shadow...


30 posted on 10/02/2008 1:06:49 PM PDT by Tolik (2008: Maverick/Barracuda vs. Messiah/Mouth or The Hero vs. the Zero and "Our mama beats your Obama")
[ Post Reply | Private Reply | To 24 | View Replies]

To: Cyropaedia

McCain blew the opportunity to place the blame where it should have been placed. This election may well have been decided because he failed to do so.

Palin had better be the pit bull and mention it tonight.


31 posted on 10/02/2008 1:06:59 PM PDT by doug from upland (8 million views of HILLARY! UNCENSORED - put some ice on it, witch)
[ Post Reply | Private Reply | To 7 | View Replies]

To: All
For those who haven't seen these devastating videos or who want to send the links to others:

Burning Down the House (how the Democrats caused the global financial meltdown)

House Democrats Covering up Grave Risk posed by Fannie Mae---In Their Own Words.

32 posted on 10/02/2008 1:09:48 PM PDT by fightinJAG (Fly the flag!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: doug from upland
I don't know what his advisors are telling him.

Obama has pulled so many flip flops and gaffes and McCain hasn't capitalized on any of them.

Look at the Obama/NRA ads fiasco. Obama revealed that he doesn't actually believe in the First or Second Amendments. Even Missouri's Governor intervened and castigated Obama for his deplorable actions. That was a giant, gift wrapped present to the Republican ticket, and they simply ignored it. WTF...??

33 posted on 10/02/2008 1:58:05 PM PDT by Cyropaedia ("Virtue cannot separate itself from reality without becoming a principal of evil...".)
[ Post Reply | Private Reply | To 31 | View Replies]

To: Tolik

where no Israel/Jooos are involved

I am sorry to hear that. I really have never read his articles except for this e-mailed one. But, in this instance he made sense.


34 posted on 10/02/2008 2:03:37 PM PDT by Bitsy
[ Post Reply | Private Reply | To 30 | View Replies]

To: fightinJAG
McCain and Palin need to keep repeating:

The Democrats “socialized the risk and privatized the profit.”

Yes, and then fill out whatever's left of the sound bite with details of the compensation received by former GSE heads Franklin Delano Raines and James Johnson, who are now among Bambi's close advisors.

Whenever liberalism screws up, the only answer the 'Rats have is more liberalism.

35 posted on 10/02/2008 2:35:18 PM PDT by cynwoody
[ Post Reply | Private Reply | To 27 | View Replies]

To: cynwoody

No on the Senate version of the House Bill with additional lipstick...


36 posted on 10/02/2008 2:54:49 PM PDT by Publius6961 (Change is not a plan; Hope is not a strategy.)
[ Post Reply | Private Reply | To 35 | View Replies]

To: DannyTN

It’s not about “liquidity”. It’s about overturning our Constitution.

McCain drank the fear-mongering Kool-Aid with the majority of Congress, and voted to create a dictator in the person of the Secretary of the Treasury.


37 posted on 10/02/2008 3:43:36 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
[ Post Reply | Private Reply | To 25 | View Replies]

To: Tolik

We all miss Charlie Reese - he used to be posted on Free Republic all the time and he always hit the target.


38 posted on 10/02/2008 5:04:37 PM PDT by Liberty Wins
[ Post Reply | Private Reply | To 30 | View Replies]

To: Tolik

Nice catch!


39 posted on 10/02/2008 7:32:39 PM PDT by neverdem (I'm praying for a Divine Intervention.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-39 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson