Trouble Beyond the Emergency Bailout

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  Posted By: Nowforthetruth @ 10/22/2008 6:51:15 PM

  See: http://www.newsweek.com/id/164972
  Stating that Gramm-Leach-Bliley Act wasn't what caused the meltdown, and noting that "economists on both sides of the political spectrum have suggested that the act has probably made the crisis less severe than it might otherwise have been." And also:
  http://www.factcheck.org/elections-2008/who_caused_the_economic_crisis.html
  Look and listen for yourself. Hear Obama in his own words discusses his links to both ACORN and the mortgage meltdown, and praises bundling and securitizing mortgages by banks as a means to float loans to the poor and spread the risk world wide. Never mind the link commentators point of view, just listen to what Obama says in his own words. A picture is worth a thousand words. Maybe more in the case of Obama comments in the last half of the first youtube link.
  
  http://www.youtube.com/watch?v=Lr1M1T2Y314&feature=related
  
  http://www.youtube.com/watch?v=8vJcVgJhNaU
  
  See also:
  http://boards.msn.com/MSNBCboards/thread.aspx?threadid=808692&boardsparam=Page%3d2
  
  Below is a link to C-SPAN video clips of the Congressional hearings at roughly the time McCains attempt at S.190. to fix Fannie and Freddie. See for yourself who said what.
  
  http://www.youtube.com/watch?v=_MGT_cSi7Rs
  See also
  http://www.newsweek.com/id/164732 from this web site. (oops!) stating that Freddie Mac was spending tax payer money to target Republicans in 2005 who were trying to regulate Fannie and Freddies fraud. Democrats were not targeted, as the were all in the tank with Fannie and Freddie to kill the regulations. Hear that, the article admits that Republicans were trying to regulate, and Democrats were trying to stop it from happening as a means to facilitate the Community Reinvestment Act.
  
  The link below contains a purported list of the top 25 in Congress who got contributions from the folks at Fannie and Freddie. Obama is listed third, after Dodd and Kerry, even though Obama is just a junior Senator. Obama is followed next by Clinton. Barney Frank and Nancy Pelosi are on the list as well.
  
  http://www.investors.com/editorial/IBDArticles.asp?artsec=16&artnum=1&issue=20080918
  
  And the link below describes how some Democrats in Congress tried to use the original version of the bailout bill to divert money eventually recovered to groups like ACORN, a group Obama has a long association with. See: Wall Street Journal
  
  http://online.wsj.com/article/SB122247015469280723.html?mod=googlenews_wsj
  
  

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  Posted By: Nowforthetruth @ 10/22/2008 6:51:06 PM

  
  
  Who "Joe the plumber" may be is not the issue, though it's easy to see why the Dems want it to be. That's because the real issue is what Obama's comments to him revealed about Obama. In the exchange with "Joe the plumber" we find out that Obama really is as radical as his early political acquaintances, Davis, Ayers, Wright, etc., and that he is into the failed economic policy of wealth redistribution. Obama's tax and spending plans alone would be bad enough, but add Reid and Pelosi to the mix, with the three of them controlling both houses of Congress and the executive branch without any effective restraint, and you have something that should causes concern even among moderate Democrats.
  See Wall Street Journal: A Liberal Supermajority:
  
  http://online.wsj.com/article/SB122420205889842989.html
  
  And whether McCain won or lost the third debate is also not relevant. He succeeded in the first half hour to plant the seeds of a Reagan style wipeout. Reputable historians and economists overwhelmingly agree that the taxation imposed by Hoover and FDR, and the "stimulus" spending and public works programs of FDR, actually deepened and prolonged the Great Depression. It was the production demands of WWII that got the economy going again. And when the war was over, the economy promptly went into recession.
  
  See e.g. http://www.cbsnews.com/stories/2008/10/03/opinion/main4499465.shtml
  And
  http://newsroom.ucla.edu/portal/ucla/FDR-s-Policies-Prolonged-Depression-5409.aspx
  
  Point is, Obama's programs require him to tax, and his health care plan is a hidden tax on all business, large an small. In reality, it does not really matter who he taxes, those taxes are going to be passed through the economy. He has to tax, because it is they only way he can pay for his massive social engineering experiments. Any first year economics student knows that taxation is a tool used to contract an economy experiencing inflation, because it reduces demand by reducing the amount of money individuals and businesses have to spend. It is contractionary, which is exactly what you do not want to do when the problem is that the economy is contracting already into recession. Like Hoover and FDR, Obama's plans will only make it worse for longer.
  
  

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  Posted By: speechpath1979 @ 10/11/2008 1:11:00 PM

  have been a Newsweek subscriber for literally decades and I am through...Your magazine is no longer "news", it is full of Republican bashing articles, entirely full of opinionated biases. You have joined the ranks of trash/hollywood magazines like The Enquirer and People with your sensationalized and nasty covers of highly respected Republican candidates. I only hope more individuals like myself stand up against this type of media led negative press and also cancel their subscriptions to liberal biased magazines like yours.