Shralper

A Capitalist's Letter to President Obama

Great article by Thomas Sowell on how government policies made the housing crisis possible.

www.reason.com/news/sh...

I'm still waiting for examples demonstrating that Obama isn't married to any particular ideology. Your silence is deafening.

Have you finally accepted that fact that he's a hard-core leftist who's taking control of as much the economy as possible? How else can you explain his refusal to let the banks return taxpayers' dollars in order to be released from the government's control?

Just wait til he takes over health care...Once that happens, there's no turning back. God help us all.

A Capitalist's Letter to President Obama

On May 07 10:29 AM Gene Chan wrote:

> epeon, I supported him not for his economic policies, but for his
> ability to listen and and adopt a more balanced approach when evidence
> weigh against his decisions. This is one hopeful attempt at accomplishing
> that. May 12 02:05 PM |Report abuse| Link | Reply 00

Can you cite even one example of this? Or have you simply fallen for the fraudulent image of the "Great Uniter" that the media held him up as?

It sounds to me like you're describing Bush...always trying to please everyone by staying in the middle. Bush was NOT the conservative the media constantly portrayed him as.

A Capitalist's Letter to President Obama

On May 08 06:13 PM Nettligent wrote:

> George W. Bush, Alan Greenspan, Paul Hanson, and "Capitalists" drove
> us down to our knees with reckless policies during the past 8 years.

Nice try. It wasn't free-market capitalism that brought us to us knees (as you, Democrats, and the media would like us to believe), it was reckless socialistic policies that spawned this mess. Fannie/Freddie (Gov't Sponsored Entities), the Community Reinvestment Act (CRA), activist groups like ACORN, many Democrats (including Clinton), and even Bush 43, created the artificial demand the drove the housing bubble and subsequent collapse-- all in the name of "affordable housing for the poor." We saw the unintended consequences of their actions. First, home prices doubled in many states due to previously-unqualified buyers snatching up homes faster than they could be built; then, with total market collapse when these buyers could not keep up with their mortgage payments.

www.city-journal.org/h...

Unfortunately, not wanting to miss out on the action, many lenders got sucked up into the frenzy once the ball got rolling by lending to unqualified buyers,in order to reap the front-end profits (points/closing costs), and then quickly throwing these ticking time bombs over to Fannie/Freddie. Private investment banks then jumped on the bandwagon, copying Freddie/Fannie's business model by bundling their own toxic assets and selling them as "AAA" Mortgage Backed Securities (just like Fannie/Freddie!)

Once again, the Fed Gov't was promoting, even demanding, these actions all in the name of "affordable housing for the poor." And while the Bush administration saw the warning signs of the collaspe of Fannie/Freddie and even alerted Congress several times, at the same time, it was adding fuel to the fire. Anyone remember Bush's speech to HUD in 2002?

www.hud.gov/news/speec...

Neither Bush 41 or 43 were ever true believers in free-market capitalism. Their political leanings have always more towards Rockefeller Republicanism than Reagan Supply-Side policies.

Good intentions pave the road to hell. Centralized planning of economies has never worked anywhere it's been tried. Can you cite for me one example where heavy gov't intenvention has really worked? While FDR's New Deal helped a few individuals get by during tough times, it's now a well-known fact that it kept us in the Great Depression all the way into the 40's. Even Roosevelt's own economic advisers admitted it failed to bring the economy back.

It was government meddling with the free market that got us into this mess. The last thing we need is more of it. There are far too many unknown and uncontrollable variables in an economy the size of ours to think you can control it through centralized planning. Only ignorant and arrogant fools believe such a thing.

A Capitalist's Letter to President Obama

Chan said-- "I had always been a supporter of you, precisely because you are not married to any particular ideology...."

Mr. Chan-- Surely you must be kidding. Have you ever looked closely at BO's past alliances? He's been a left-wing anti-capitalist since his teenage years when he was mentored by Frank Marshall Davis (member of the Communist Party USA). Then, as a community organizer, he worked closely with the Democratic Socialists of America. His self-proclaimed mentor, Rev. Wright, preached Black Liberation Theology (a Marxist ideology) to him for nearly 20 years.. And let's not forget his friend William Ayers, the terrorist bomber who still seeks to overthrow our capitalistic society.

www.aim.org/aim-column.../


Also, when BO first ran as a State Senator, he ran as a New Party member.

www.americanthinker.co... a_new.html

Please tell me when you have ever seen BO take a "balanced" approach to anything? His voting record and past alliances show nothing of the sort. Can you name even one conservative, or even moderate group, that he's ever aligned himself with?

One thing for certain-- BO is gifted at reading speeches with such vague language that people hear what they want to hear. He also has a habit of saying things that sound reasonable, but doing the exact opposite. Don't listen to what he says, watch what he does. Here's just one recent example-- detnews.com/article/20...

It's extremely troubling that an intelligent person as yourself was fooled into voting for BO, thinking that he was some type of "rational moderate". Even more disturbing is how people like yourself *still* haven't accepted the fact that he's a hardcore leftist, no matter how much of the private sector he nationalizes. How much more will it take?

BO's the ultimate con man. He's a wolf in sheep's clothing. He took advantage of your trust. You ought to be angry.