videos are at the bottom … they are a recommended view
There is (and has been) a whole lot of horse crap going on in Washington … especially when it comes to partisan politics and moronic media “journalists” who run with stories without checking facts or tracing history back to the source of the problem.
It’s really simple. Why is it that Joe Blow citizen can take a few hours to research documentation, but mainstream medai gurus just decide to run with a story and then apologize for any wrongdoing later? How is that OK?
Sure, Bill O’Reilly (you’ve gone off your rocker) this Wall Street crisis happened while Bush was in office, but if you take the few hours of research (that you so proudly brag you do) you’d know that all this manipulation of the markets started back in 1977 with a little man from the south named Jimmy Carter, and from there until now it has been an absolute blunder of manipulations overwhelmingly by Carter and the succeeding Democrats in national office.
Now, don’t misunderstand – this is whole spectacle is about placing blame where blame belongs, and the truth will always eventually find its way out … especially when lies and manipulations have been flying for 31 years; kind of makes it tough to keep things straight.
How do we get out of this crisis? The answer (I believe) is NOT in a $700 billion bailout (complete with numerous earmarks already) of free market institutions. Let the free market work itself out. It was government intervention and mandates to free market institutions that got us rolling down this path to begin with. I say let the free market economics work itself out … sure with some insurance boosting from the government to help prop-up these failing institutions, but not a wholesale bailout.
Heck, I think they did the absolute right thing with Washington Mutual overnight. The government seized control before they went totally under and then turned around and sold them off to JP Morgan Chase.
Isn’t that what usually happens in the free market anyway? One business is going under – another business either acquires them or they close up shop.
In the case of these massively large institutions, the government needs to stand by to prop them up as an insurance standpoint, but not to completely bail them out. This has happened too much recently, and this is the beginning of opening a door to true socialism. That is not what we need.
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Follow-up post (if you haven’t read it already) I’ve got a better idea … »
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