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American Taxpayers deserve their $700 BILLION bailout tab!
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Dedicated MacNNer
Join Date: Aug 2005
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I am hesitant in writing what I’m about to write, but it’s time to step up to the plate and lay blame exactly where blame belongs, and time to end pointing fingers at the “greedy” Wall Street Crowd which merely seized upon an golden opportunity handed to them on a silver platter by the gullible American voter.
If there is a root cause responsible for the Fannie/Freddie collapse and the American Taxpayers being left on the hook for over $700 BILLION, surely it would be the tens of millions of default payments on high risk mortgages which were made possible by activist groups such as ACORN (the Association of Community Organizations for Reform Now), President Clinton and other elected members of Congress via Freddie and Fannie, a government created entity in which its political plum job holders raked in millions upon millions as CEO‘s, while losses were well known would eventually be dumped in the laps of the gullible American Taxpayer.
But fear not, millions of undeserving individuals were handed the American Dream while being bribed for their vote during federal elections. But then again, this is how the Washington Establishment’s political plum job empire operates___ it pretends to help the poor while it rewards itself with outrageous salaries, top of the shelf federal medical plans and a very generous pension plan, all of which Mary and Joe Sixpack can only dream of having but are taxed to finance!
And so, taxpayers who have elected and reelected public servants who knowingly lowered mortgage loan standards, and who closed their eyes to risky loans, and even encouraged these bad loans to continue by blocking Freddie/Fannie legislative reforms in order to continuer bribing voters with the American Dream, are now being held responsible with a $700 BILLION bailout tab for voting these scoundrels into office. Keep in mind this $700 BILLION bailout appears to be a first installment to partially cover foreign investors who had their money tied up in Freddie and Fannie loans.
And what does our current election reveal? Obama is ahead in the polls. A con artist is ahead in the polls who worked with ACORN, which not only encouraged risky loans to be handed out via Freddie and Fannie to unqualified loan seekers, but actually organized scare tactics against targeted banks, alleging racism when loans were denied, and threatened legal action under CRA [the Community Reinvestment Act passed in 1977] if risky loans were not handed out, all of which has now resulted in Obama’s undeserving loans coming home to roost, and, the American Taxpayer being burdened with a $700 BILLION bailout tab. And Obama is ahead in the polls? I suggest that Obama is part of the problem and not the solution. I also suggest that Barney Frank, Chris Dodd, Chuck Schumer and all those in Congress who worked to prevent reform legislation to end irresponsible loans being given out via Freddie and Fannie ought to be pinked slipped from Congress, tarred and feathered for their complicity in the Freddie and Fannie melt down, and then banished from America.
Another part of the problem are voters who believe they can vote a free lunch from the federal treasury. But the bottom line is, there is no magic wand in government force being used to tax one individual for the personal economic needs of another which changes the definition of theft. These voters are not only a very real problem in preserving a free market system on American soil, but they are in fact domestic enemies of our constitutionally limited “Republican Form of Government” which is guaranteed to us by Article 4, Section 4 of our federal Constitution. How we deal with these thieves is something which the lovers of liberty must quickly figure out.
In closing, can anyone reading the above imagine Obama making the following statement during his political campaign, which was made by one of our nation’s founding fathers:
"Under a just and equal Government, every individual is entitled to protection in the enjoyment of the whole product of his labor, except such portion of it as is necessary to enable Government to protect the rest; this is given only in consideration of the protection offered. In every bounty, exclusive right, or monopoly, Government violates the stipulation on her part; for, by such a regulation, the product of one man's labor is transferred to the use and enjoyment of another. The exercise of such a right on the part of Government can be justified on no other principle, than that the whole product of the labor or every individual is the real property of Government, and may be distributed among the several parts of the community by government discretion; such a supposition would directly involve the idea, that every individual in the community is merely a slave and bondsman to Government, who, although he may labor, is not to expect protection in the product of his labor. An authority given to any Government to exercise such a principle, would lead to a complete system of tyranny." ___ Rep. Giles, speaking before Congress February 3rd, 1792
JWK
If we can make 51 percent of America’s population dependent upon a federal government check, we can then buy their vote, keep ourselves in power and keep the remaining portion of America’s working population enslaved to pay the bills ____ Obama’s game plan, a plan to establish a federal plantation on American soil.
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Addicted to MacNN
Join Date: Nov 2002
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Are you a taxpayer? Do you think you deserve your share of the bailout tab?
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Grizzled Veteran
Join Date: Aug 2006
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Am I the only one that reads his threads just to see the new level of insanity that it's reached?
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"Learn to swim"
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Mac Enthusiast
Join Date: Aug 2008
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Originally Posted by Sayf-Allah
Am I the only one that reads his threads just to see the new level of insanity that it's reached?
Absolutely not. I enjoy reading these threads. It gives me a look at how the right thinks. Fascinating!
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Addicted to MacNN
Join Date: Mar 2001
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Originally Posted by Uncle Skeleton
Are you a taxpayer? Do you think you deserve your share of the bailout tab?
I don't want jacksh!t from Big Brother.
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Clinically Insane
Join Date: Jun 2001
Location: planning a comeback !
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My question is: if I pay part of the $ 700B, can I deduct that loss from my taxes ?
-t
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Professional Poster
Join Date: Feb 2001
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Obama’s goon squad is out suggesting that Obama’s relationships with enemies of our system of government is irrelevant in this coming election.
I just pray to God that the American Taxpayer wakes up to the consequences of a political philosophy which allows individuals to feed at the public trough in exchange for their vote.
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The 4 o'clock train will be a bus.
It will depart at 20 minutes to 5.
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Clinically Insane
Join Date: Jul 2005
Location: Vacation.
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Originally Posted by railhead
i don't want jacksh!t from big brother.
qft.
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Been inclined to wander... off the beaten track.
That's where there's thunder... and the wind shouts back.
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Addicted to MacNN
Join Date: Mar 2001
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Originally Posted by tie
Obama’s goon squad is out suggesting that Obama’s relationships with enemies of our system of government is irrelevant in this coming election.
I just pray to God that the American Taxpayer wakes up to the consequences of a political philosophy which allows individuals to feed at the public trough in exchange for their vote.
That's EXACTLY what the Dems want.
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Clinically Insane
Join Date: Jul 2005
Location: Vacation.
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Originally Posted by RAILhead
That's EXACTLY what the Dems want.
And exactly what the lefties have been doing here.
Immigrants more likely to vote Labour? Let's let 'em all in then!
Civil servants doing useless jobs more likely to vote Labour? Let's create more useless civil servant jobs then!
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Been inclined to wander... off the beaten track.
That's where there's thunder... and the wind shouts back.
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Addicted to MacNN
Join Date: Oct 2002
Location: Washington, DC
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Originally Posted by johnwk
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I am hesitant in writing what I’m about to write, but it’s time to step up to the plate and lay blame exactly where blame belongs
Gosh, you're so courageous.
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"One ticket to Washington, please. I have a date with destiny."
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Addicted to MacNN
Join Date: Mar 2001
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Originally Posted by Doofy
And exactly what the lefties have been doing here.
Immigrants more likely to vote Labour? Let's let 'em all in then!
Civil servants doing useless jobs more likely to vote Labour? Let's create more useless civil servant jobs then!
Same with illegals here. I hate all the pandering to minorities, too -- I'd be insulted if I was one. Oh wait, I am now, aren't I...?
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Professional Poster
Join Date: Feb 2001
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Originally Posted by RAILhead
That's EXACTLY what the Dems want.
they all want the public trough to keep the bloated budgets going. Not going to work. Time to cut government to its basic roots, we need nothing more. But they will not do that yet, so its dollar devaluation 101. Buy something that is real, not paper. Obama’s goon squad is out suggesting that Obama’s relationships with enemies of our system of government is irrelevant in this coming election. Under the Articles of Confederation which were in force during the framing and ratification of our existing Constitution, the national treasury was to be filled by a general tax among the states Hey Obama, when was the last time your read our Constitution which prohibits your attempt to silence political speech? I can’t believe that so many hard working Americans would fall for Obama, who in fact is a domestic enemy of our constitutionally limited system of government!
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The 4 o'clock train will be a bus.
It will depart at 20 minutes to 5.
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Clinically Insane
Join Date: Apr 2003
Location: 46 & 2
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The bailout was a cop-out. If a business fails, it fails. In the long run it would have been better to just let the system correct itself, even if it meant some people had to be uncomfortable for a while. In the long run, this will come back to bite us in the ass.
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"Those who expect to reap the blessings of freedom must, like men, undergo the fatigue of supporting it."
- Thomas Paine
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Professional Poster
Join Date: Feb 2001
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The 4 o'clock train will be a bus.
It will depart at 20 minutes to 5.
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Clinically Insane
Join Date: Apr 2003
Location: 46 & 2
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So, he posts on many forums? Many people do.
What does bother me is the post-and-run mentality. I don't mind starting the same thread in lots of places, but he should be prepared to carry on a conversation.
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"Those who expect to reap the blessings of freedom must, like men, undergo the fatigue of supporting it."
- Thomas Paine
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Professional Poster
Join Date: Feb 2001
Status:
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He doesn't carry on conversations in any of his threads. This is just spam, except posted in forums instead of sent via email.
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The 4 o'clock train will be a bus.
It will depart at 20 minutes to 5.
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Mac Elite
Join Date: Aug 2003
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FAIL =
(
Last edited by shabbasuraj; Oct 10, 2008 at 11:40 AM.
)
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blabba5555555555555555555555555555555555555
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Moderator Emeritus
Join Date: Apr 2001
Location: Up In The Air
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He does come back and answer posts in his threads. do a search here, and you'll see he came back repeatedly in his thread on Obama trying to shut down speech.
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Forum Regular
Join Date: Mar 2005
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I loved the market reaction to how they were smiling and laughing and congratulating themselves and saying how it was the best piece of legislation they've done, etc.
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To be determined later.
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Mac Elite
Join Date: Aug 2003
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actually to be more precise...
+
=
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blabba5555555555555555555555555555555555555
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Dedicated MacNNer
Join Date: Aug 2005
Status:
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Originally Posted by Shaddim
So, he posts on many forums? Many people do.
What does bother me is the post-and-run mentality. I don't mind starting the same thread in lots of places, but he should be prepared to carry on a conversation.
I am prepared, but I do not enjoy it when people switch the subject and ignore the original theme.
Regards,
JWK
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Addicted to MacNN
Join Date: Nov 2002
Location: Rockville, MD
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johnwk:
I was serious with my question. You seem eager to point the finger at taxpayers. Are you willing to accept that finger pointed at you? Are you a taxpayer, and do you deserve the blame for the bailout? What representative did you vote for, and how did they vote on the bailout?
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Dedicated MacNNer
Join Date: Aug 2005
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Originally Posted by Uncle Skeleton
johnwk:
I was serious with my question.
I'm sure you were serious with your questions.
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Addicted to MacNN
Join Date: Nov 2002
Location: Rockville, MD
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I take it that's a "no." You must be part of the "blame everyone but me" generation.
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Posting Junkie
Join Date: May 2001
Location: Portland, OR
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I agree. The American public whines about getting stuck with the tab, but who elected people in to office that put these policies into place? Who supported to policies at the time?
Washington is the easy scape goat these days.
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8 Core 2.8 ghz Mac Pro/GF8800/2 23" Cinema Displays, 3.06 ghz Macbook Pro
Once you wanted revolution, now you're the institution, how's it feel to be the man?
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Mac Elite
Join Date: Aug 2003
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So I guess Greenspan admitted some stuff today in DC.
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blabba5555555555555555555555555555555555555
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