The coming liberal thugocracy

[TheMercenary]

Originally Posted by Sundae Girl

God's Candidate? Wow. I thought he was Muslim.

Hey Muslims believe in God, but I believe Obama is a Christian.

Those wonderful schools have been run by the Republican Government for 8 years - I should hope they are wonderful.

Actualy, our republickins don't run the schools, neither do the demoncrats for that matter.

Boortz rocks... :p

[Urbane Guerrilla]

Originally Posted by xoxoxoBruce

You must be dizzy from all that spinning.

Now Bruce, your resolute intellectual dishonesty does you no credit whatsoever.

If you cannot sustain a belief in the Democrats without insisting that clear-eyed analysis of the situation that is unfavorable to the Dem's economic illiteracies must somehow be driven by some hidden agenda and be mendacious, you probably are backing the wrong horse, aren't you?

The Dems aren't good enough for either of us.

[xoxoxoBruce]

I'll vote for anyone you're not.:p

[Elspode]

Originally Posted by Urbane Guerrilla

The Dems aren't good enough for either of us.

And the Republicans aren't good for anyone, anywhere...except for rich people. The rest of us are cannon fodder and cows to be milked.

Face it...they all suck.

[Aliantha]

I have to say that I find it pretty funny when UG talks about the Dems being illiterate. He obviously hasn't heard Sarah Palin try and make a speech yet...and let's not forget Georgies oratory skills. lol

[classicman]

Speaker of the House Nancy Pelosi says after the election she would like to see Congress back in session to pass a second stimulus package.

"Grow the economy, create good paying jobs, in the future in a way that is a green recovery, geared toward Main Street and is fiscally sound," said Pelosi.

And on concerns that Democrats might control both the White House and Congress she said the following:

"Elect us, hold us accountable, and make a judgment and then go from there. But I do tell you that if the Democrats win, and have substantial majorities, Congress of the United States will be more bipartisan," said Pelosi.

In Cleveland Monday morning, Senator John McCain continued to link Barack Obama with Nancy Pelosi and the Democratic leadership, accusing them of wanting to tax Americans and spend their money.

"Do you want to keep it and invest it in your future, or have it taken by the most liberal person to ever run for the presidency, and the Democratic leaders the most liberal who have been running Congress for the past two years, Nancy Pelosi and Harry Reid. You know my friends, this is a dangerous threesome," said McCain.

In Canton, Ohio, Barack Obama responded:

"If you don't have a record to run on, then you paint your opponent as someone people should run away from. You make a big election about small things. Ohio we are here to say not this time, not this year, not when so much is at stake,'" said Obama.

Speaker Nancy Pelosi promised that Democrats will do a better job.

"will do better job" This is the kind of stuff that really pisses me off. Her congress has done the worst job of any congress in history - How could they possibly do any worse? Oh notice that she trots out another "stimulus package" READ PORK that can't wait till January? Gee - congress created this mess and it took 115+ in pork and bribes to pass that - How much is this next one gonna cost?

[tw]

Originally Posted by classicman;498789"

will do better job" This is the kind of stuff that really pisses me off. Her congress has done the worst job of any congress in history - How could they possibly do any worse? Oh notice that she trots out another "stimulus package"

Let's see. She is only doing what then entire George Jr administration has been doing for eight years to create this problem. Oh. The Republican Congress also eliminated the regulations that made this whole meltdown possible. But somehow the people who created this meltdown by also lowering the American income by 2% - they don't quality as a 'worst Congress ever'? Your wacko extremist bias is showing again. Put down your skirt.

[lookout123]

tw, which regulations did the republican congress eliminate that caused the current mess?

[TheMercenary]

Originally Posted by Elspode

And the Republicans aren't good for anyone, anywhere...except for rich people. The rest of us are cannon fodder and cows to be milked.

Face it...they all suck.

Brother, if Obama is elected you are about to get milked like a fucking whore with triplets. Let the milking begin and don't tell me I didn't tell ya so.

[tw]

Originally Posted by lookout123

tw, which regulations did the republican congress eliminate that caused the current mess?

Some of the so many posted previously in other threads.

Others not mentioned. Basel 1 that defines equity required to be held. Investment banks were exempted from this international standard by the George Jr administration. Where did the liquidity crisis hit hardest? Where the exemptions were was most aggressively flaunted.

Basel 2 which addressed these stability threats to include the latest investment vehicles. Basel 2 is standard throughout the world. Large American (international) banks that also had to meet Basel 2 remained stable. But George Jr refused to implement Basel 2. After all, with higher debt to equity ratios, then profits can be higher. Basel 2 would only harm profits - and those campaign contributions.

Previously noted: the 1990s Republican Congress threatened to eliminate all SEC funding if Clinton tried to increase SEC enforcement. We liked spread sheets myths in Waste Management, Tyco, and later in Enron. We liked letting them create a mythical CA energy crisis - and no one gets investigated. Clinton administration was forced to have an SEC without any funding increases - a compromise with the Republicans who threatened to eliminate the SEC. Oklahoma had to prosecute before George Jr would consider prosecuting Enron.

Suddenly mortgages are issued with virtually no underwriting? This all happened because no regulations were changed? No. This happened with S&L style changes combined with diminished regulation enforcement. No wonder Harvey Pitts, doing the party agenda, refused to accept more money for the SEC even after Enron.

These stories are long, numerous, AND explain why, during the current meltdown, nobody can trust the fiscal stability of their counter parties - the freezing of credit markets.

Not that I expect loyal Republican extremist to admit to any of this. In fact, Republican extremists will even deny that investment banks were permitted by George Jr's administration to increase debt to equity ratios from 12:1 to 30:1. Or that AIG's ratio may be $1trillion to $67billion. Clearly the meltdown is only the usual cyclic market activity.

One would expect the Congress and administration to crack down on equity rating agencies after Long Term Capital Management. Nope. Another precursor to what has now happened – ignored because we did not want to regulate our financial firms. After LTCM, little was done. Finance corporations that most need more regulation and have a long history of deserving such regulation. Finance industry does not create American wealth – too often leaches on what creates American wealth.

What do we do? Predicted long ago by this poster - the government will put out something under $2trillion in corporate welfare. Instead of eliminating the biggest reason for our meltdown - top management - instead we are rewarding this nation's least productive companies.

Well GM will get another $10billion for being one of the most anti-American companies in this country. How do they qualify? First they must become more of a finance company. Why do we not reward productive companies with $2trillion? Instead we reward the companies who get the most regulation? Instead we protect the management most responsible for this meltdown? Yes, that is what the Republicans did for over a decade and now what some Democrats are doing in a desperate (and somewhat misguided) attempt to fix the damage.

What created the S&L crisis? Deregulation. What created this current economic meltdown? Insufficient regulation and so little enforcement that everyone rewrote contract to be 'regulated' by the Feds - not by the states where regulations were not diminished or eliminated.

[TheMercenary]

[tw]

Even the unibomber has more education than TheMercenary. Even the unibomber does not worship what George Jr tells him to think. So which one is crazier - TheMercenary or the unibomber? Good question.

[Undertoad]

Originally Posted by tw

Some of the so many posted previously in other threads.

Point to ONE. Just ONE.

http://online.wsj.com/article/SB122403045717834693.html

While there has been significant deregulation in the U.S. economy during the last 30 years, none of it has occurred in the financial sector. Indeed, the only significant legislation with any effect on financial risk-taking was the Federal Deposit Insurance Corporation Improvement Act of 1991, adopted during the first Bush administration in the wake of the collapse of the savings and loans (S&Ls). FDICIA, however, substantially tightened commercial bank and S&L regulations, including prompt corrective action when a bank's capital declines below adequate levels and severe personal fines if management violates laws or regulations.

. . .

Originally Posted by tw

Basel 1 that defines equity required to be held. Investment banks were exempted from this international standard by the George Jr administration. ... But George Jr refused to implement Basel 2.

[citation needed]

[Undertoad]

Meanwhile at the liberal thugocracy front,

http://www.dispatch.com/live/content...0.html?sid=101

Helen Jones-Kelley, director of the Ohio Department of Job and Family Services, disclosed today that computer inquiries on Samuel Joseph Wurzelbacher were not restricted to a child-support system.

The agency also checked Wurzelbacher in its computer systems to determine whether he was receiving welfare assistance or owed unemployment compensation taxes, she wrote.

"Joe the Plumber": whatever you think of him, he has now been searched for by public officials at four Ohio databases, including welfare, child support, and unemployment compensation.

Their defense: such searches are routine when somebody is thrust into a public spotlight.

Lesson learned: it's dangerous to speak politically in public.

[TheMercenary]

Originally Posted by Undertoad

Meanwhile at the liberal thugocracy front,

http://www.dispatch.com/live/content...0.html?sid=101

"Joe the Plumber": whatever you think of him, he has now been searched for by public officials at four Ohio databases, including welfare, child support, and unemployment compensation.

Their defense: such searches are routine when somebody is thrust into a public spotlight.

Lesson learned: it's dangerous to speak politically in public.

Welcome to the new liberal Government of the US. Motto: "Trust us, we know what is best for you."

Here is another one, "If we don't like what you have to say we will make laws to muzzle you":

http://www.nypost.com/seven/10202008...399.htm?page=2