
Freedom of speech & freedom of assembly, indeed.
(Hmmm...I think I smell a rat...)
Voices in the Conversation of our time, and an alternative to standard feminism.
Milton Friedman was an American economist, statistician and public intellectual,
and a recipient of the Nobel
Memorial Prize in Economic Sciences.
Phillip John "Phil" Donahue is an Emmy award winning American
media personality and writer, best known as the creator
and star of The Phil Donahue Show, also known as Donahue, the first tabloid talk show.
“In a more aggressive pursuit of "social justice,"Etc., etc., etc.
the Clinton administration revised the CRA in April 1995 to mandate that banks
pass lending tests in "underserved" communities and suffer tough new sanctions
for failing to make enough loans there.
According to the language of the new
Clinton regs, banks that used "innovative or flexible lending practices" to
address the credit needs of low-income borrowers passed the test. Banks with
poor CRA ratings were hit with stiff fines and blocked from expanding their
operations. Soon, "flexible" lending became the norm, and banks used subprime
loans, which charge higher interest rates, to cover the added risk.
But it
wasn't enough. So Clinton ordered HUD to pressure Fannie Mae and Freddie Mac to
buy the higher-risk loans from private banks and lenders, while adopting the
same "flexible" credit standards.
In a 9-26-08 article , Kurt Schulzke commented, "Yesterday's soft & cuddly gov't program is today's financial chainsaw massacre." And, "far from...free-market dysfunction, today's mortgage mess is a classic case of socialistic gov't intervention gone awry."
With access to a different ‘truth’ before you, dear blogging friend, it seems that the “loser” you call Mrs. Palin called the 'Do-nothing Congress' exactly right. They did NOTHING except stifle each other as this volcano boiled toward eruption. And as for "Ronnie Raygun's song & dance” about 'Government being the problem'… Well, he just about hit the nail on the head, now didn't he?
Here we find ourselves, through myriad twists & turns, in a real financial sling. And what’s the current Administration’s answer to the fiasco that GOVERNMENT caused? Why, more Government, of course!!
We’re sliding down the muddy, slimy, slippery slope into a pit called Socialism, where Government declares itself more entitled to direct people’s money, businesses & lives than the people themselves.
Newsflash folks: Socialism isn't what allowed America to rise to her current place in the world. A free market system (among other factors) did. Forcing Socialism on a Capitalist system will not work. Absolving people of personal responsibility (on any level - private or corporate) will not create a better society. It will create a culture of dependency & learned helplessness, leading to collective weakness, frustration, & ultimately collective failure. (Just look @ Fannie & Freddie.)
I, for one, am not game for collective failure. You may be wondering, am I hoping for the failure of The One whose agenda will lead us to just that? In the words of one who really gives me something to HOPE for , “You Betcha!”
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