The Conservative Cave
Current Events => Economics => Topic started by: ReardenSteel on October 31, 2008, 07:43:09 PM
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The GOP Betrayal of Capitalism, (http://www.capmag.com/article.asp?ID=5340) Alan Greenspan's Lies and The Scapegoat Phase of the Bear Market
by Richard Salsman, CFA (October 31, 2008)
(snip)
... The GOP has been in charge of U.S. public policy for six of the past eight years; they alone were the ones who made possible the latest push for socialist finance in America. It was GOP Congressman Spencer Bachus (R-AL), not House Speaker Nancy Pelosi (D-CA) or Senate Leader Harry Reid (D-NV), who insisted that the bailout package include what have become mandatory government "equity stakes" in the banks. The Bush Republicans came to Washington as social conservatives, and not at all paradoxically, will be leaving it as conservative socialists. Theirs has been a faith-based government.
These GOP traitors to capitalism have aped the Social Democrat playbook: if it moves, tax it; if it keeps moving, regulate it; if it stops moving, subsidize it; and if it dies, nationalize it. After eight years of this, no wonder the GOP faithful are disillusioned. In the current campaign the GOP warns voters to be very afraid of those potentially big-taxing, big-spending, control freaks and socialists now lurking in the Obama camp – i.e., to be afraid of what the GOP has actually been doing already to the electorate.
Whether it's an innocent bank or an innocent system, like capitalism, the blame today is wholly misplaced. No two sectors of the U.S. economy are more manipulated by government, via subsidies and regulations, than housing and banking. What does the "F" stand for in all the entities embroiled in this mess – in "Fannie Mae," "Freddie Mac," the "Fed," FHA, the FDIC, etc.? In all cases the "F" stands for federal – which means the federal government – more particularly, the federal government of the United States. All these "Fs" deserve a grade of "F." This is without question a failure of government, not of free markets or capitalism. But instead of attributing housing and banking troubles to government, the anti-capitalists – and even those in the GOP who should know better – are attributing them to whatever vestiges of freedom still remain in each sector. Both candidates today decry the allegedly evil "greed" of Wall Street and so-called "laissez-faire" policies of Bush et al.
Just sharing my mood. :( Misery loves :censored: company after all.
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I'm very disappointed in my rep Eric Cantor for caving on his plan to limit the bailout to insurance only. I have not made up my mind whether to vote for him or not. He'll win no matter what but I was not happy that he put his deputy minority whip gig ahead of my interests.
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I'm very disappointed in my rep Eric Cantor for caving on his plan to limit the bailout to insurance only. I have not made up my mind whether to vote for him or not. He'll win no matter what but I was not happy that he put his deputy minority whip gig ahead of my interests.
I'm really burning up about the lack of choices this election I think. I am so sick of getting a knife in the back after voting for the alleged defenders of the free market.
I will likely pull the lever for McCain and then try not to barf on my shoes.
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I'm really burning up about the lack of choices this election I think. I am so sick of getting a knife in the back after voting for the alleged defenders of the free market.
I will likely pull the lever for McCain and then try not to barf on my shoes.
We've got Marilyn Musgrave "representing" my family in Congress. I think she and I are going to have a nice loooong chat when she beats back the latest moonbat vying for her seat in November. I want her to give up on the Jack Murtha approach to Congressional work ethics, lay off the pork barrel and earmarks, and get back to the old Congressional tradition of justifying your proposals by article and section of the Constitution, and then debating the bill under those merits.
If she can't make that jump, I've got my eye on a few local folks who'd make pretty good primary alternatives to her.
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Proudly, my Congressman, Trent Franks, voted against that fiasco...both times.
Wally Herger did not, and I'm a pissed off voter. :bird: