Thread: Lamentations

When the presidential campaign began, the war in Iraq and national security seemed like a big deal. These seem like small issues now. Government is bankrupting our nation and neither Senator John McCain or Barack Obama seem to have a solution. Both Senators have helped to take this nation down the road to Socialism in the largest attack on Capitalism signed into law by President Bush yesterday. Liberal economic policy threatens to collapse the economies of Michigan and California, and Governor Schwarzenegger has declared that California will require $7 billion in federal aid to help pay government salaries, or else government services may shut down all together. The war in Iraq, now, seems of little more importance than the mere fact that it is costing us billions of dollars a year.

We can no longer afford our government. We’re in the middle of the largest economic collapse in the history of the world and our government is using the crisis as a means to acquire greater power and authority. Under both Democratic and Republican Leadership our nations governments have dramatically increased spending over the last eight years. Meanwhile, a corrupt and economically depraved Wall Street had decided to us the power of the Federal Government to employ the wealth of the nation to pay for its greed, for its incompetence, and for its utter failure to take responsibility for itself. In short, friends, the American people are being hoodwinked.

The government has given us this financial crisis. More specifically, the intermingling of big government and big business have given us this financial crisis and now both Big Government and Big Business are coming to the US Taxpayer for help. Shockingly, the US Congress passed the Housing Bill, which essentially ties the knot, marrying the Federal Government and the Banking Industry. Why? It’s the Federal Government and the Banking Industry that are untrustworthy. We’re going to empower them to bail themselves out with our money?

The Federal Government is directly responsible for the collapse of Fannie Mae and Freddie Mac. By rule, these mortgage lending GSEs were responsible to beat a 52% quota, assuring that the majority of their loans went to home buyers who were below median income in their region. A quarter of all loans went to home buyers making an income 60% less than the regional median. This is the Federal Government using “private” banks to provide housing for low income families. This is Socialism. Economic collapse is the inevitable result.

There is no silver lining. No hope that things will ever go back to the way they were when we were free, when the markets grew flush with innovation, when industries boomed, when Americans could afford nice things. Now it is a matter of time before the banks go under, and with them, State governments. Unless the governments nationalize the work force, putting us all to work for them. Of course, then they’ll have to take responsibility for our housing and our health care and our education… Oh… That’s right, they’ve already essentially done this.

America, if you want your Economy and your Liberty back, you will have to stop the growth of government. In fact, you’ll have to cut the cost of government in half. The politicians won’t do this on their own. Multi-national corporations and carrerr politicians have nothing to gain anymore from the free market. Small businesses will no longer be able to afford to operate. And Americans will be forced to work for a Corporate-Socialist State. Its happening now. It has happened. It will continue. Pretending, hoping, dreaming that things couldn’t be all that bad will not save you now. Either Government will be diminished through the force of the American People, or else the American People will be diminished through the force of their government. The choice is yours.

Actually this crisis resulted from the lack of government regulation, not the intermingling of government and business. Purist laissez faire capitalism is one of the more stupid economic philosophies that has come about - it doesnt work as we have seen.

Originally Posted by Ausinus

Actually this crisis resulted from the lack of government regulation, not the intermingling of government and business. Purist laissez faire capitalism is one of the more stupid economic philosophies that has come about - it doesnt work as we have seen.

Keep harping on that line while the imperial federal government drags this country into the dark ages. I honestly do not anticipate this country surviving Obama. This Housing Bill marks the end of the free market and capitalism in American. While I'm sure the Commi-Leftists and Neo-Cons in this country are overjoyed, only the ignorant will celebrate with them.

Originally Posted by Burning Giraffe

Keep harping on that line while the imperial federal government drags this country into the dark ages. I honestly do not anticipate this country surviving Obama. This Housing Bill marks the end of the free market and capitalism in American. While I'm sure the Commi-Leftists and Neo-Cons in this country are overjoyed, only the ignorant will celebrate with them.

Dude, seriously, this sort of crisis is what happens when you let banks run away with themselves. Perhaps if we had cracked down on this earlier then we could have avoided the situation, but sadly laissez faire came back to bite us in the bum.

This is not the end of capitalism in the United States, stop being so melodramatic. :laughing: This situation is not the fault of socialists, or communists, or leftists. It is the fault of dumbshit purist capitalists who believe banks are capable of investing money wisely if they have no restraints.

Originally Posted by Ausinus

Dude, seriously, this sort of crisis is what happens when you let banks run away with themselves. Perhaps if we had cracked down on this earlier then we could have avoided the situation, but sadly laissez faire came back to bite us in the bum.

This is not the end of capitalism in the United States, stop being so melodramatic. :laughing: This situation is not the fault of socialists, or communists, or leftists. It is the fault of dumbshit purist capitalists who believe banks are capable of investing money wisely if they have no restraints.

I'm not sure how you've been able to convince yourself of that, but it I'm impressed by the effort it must have taken. At this point, it doesn't matter who gets elected next. This Housing Bill will cause the largest increase in home foreclosure in American history. Once the banks realize that the interests rates, points, and principle can now be set arbitrarily by judges, they'll foreclose on every home they can.

Originally Posted by Burning Giraffe

I'm not sure how you've been able to convince yourself of that, but it I'm impressed by the effort it must have taken. At this point, it doesn't matter who gets elected next. This Housing Bill will cause the largest increase in home foreclosure in American history. Once the banks realize that the interests rates, points, and principle can now be set arbitrarily by judges, they'll foreclose on every home they can.

Duh, banks are run by idiots that dont understand what "long term" means. The economic situation is up to Congress to solve - for the Presidency, there are other issues which will be substantially different depending on who is elected.

Originally Posted by Burning Giraffe

Keep harping on that line while the imperial federal government drags this country into the dark ages. I honestly do not anticipate this country surviving Obama. This Housing Bill marks the end of the free market and capitalism in American. While I'm sure the Commi-Leftists and Neo-Cons in this country are overjoyed, only the ignorant will celebrate with them.

You lost me with the commie-leftist comment. The far left has nothing to do with the current situation. If you want to blame anyone in the democratic party, start blaming those that are closest to the right. As deregulation increased, the true colors of big business became clearer.

Originally Posted by steezer

You lost me with the commie-leftist comment. The far left has nothing to do with the current situation. If you want to blame anyone in the democratic party, start blaming those that are closest to the right. As deregulation increased, the true colors of big business became clearer.

The Democrats and the Neo-Cons and the banks are responsible for this. Nancy Pelosi, Harry Reid, Chris Dodd, Barney Frank, Barack Obama, and President Bush... That's who made this possible. And from the looks of things, I'd say it was intentional. A clever ploy to amass more power for them. Banks now know they won't be held responsible and Government now controls the housing market. After Obama is elected, the government will finish taking control of health care and energy. The American People on the other hand are fucked. Frankly, if I can survive it, I'll take some amusement in watching this country go down in flames. Because only through suffering will the people finally turn on this monstrosity we call the United States Government.

Originally Posted by Burning Giraffe

Frankly, if I can survive it, I'll take some amusement in watching this country go down in flames. Because only through suffering will the people finally turn on this monstrosity we call the United States Government.

:laughing: Armed revolution is not a desirable option at this point.

Originally Posted by Burning Giraffe

The Democrats and the Neo-Cons and the banks are responsible for this. Nancy Pelosi, Harry Reid, Chris Dodd, Barney Frank, Barack Obama, and President Bush... That's who made this possible. And from the looks of things, I'd say it was intentional. A clever ploy to amass more power for them. Banks now know they won't be held responsible and Government now controls the housing market. After Obama is elected, the government will finish taking control of health care and energy. The American People on the other hand are fucked. Frankly, if I can survive it, I'll take some amusement in watching this country go down in flames. Because only through suffering will the people finally turn on this monstrosity we call the United States Government.

Intentional or not, the people you mentioned do not fit that label.