Bailout based on phony “crisis”
Commentary by Donald Hank
I had reported before the first bailout vote that I had called my own bank and asked if I could still get a home-equity loan in the amount of about $50,000.
The loan officer, with just a glance at my records, was able to ok that.
I asked him why they were able to do this at a time when everyone was talking about a credit crunch. He said it was because this bank (PNC) had always been careful whom it gave loans to.
Now an independent analysis shows the whole “crisis” may have been manufactured — or at least blown way out of proportion — by government. Whatever the case may be, it resulted in the election of Barack Obama, whom a majority of voters said they “trusted” to restore the economy — even though it was clear his own party had contributed mightily to the weakening of banks.
“Using charts and graphs of data from the Federal Reserve and other agencies, the Celent study says that statements from Paulson and Bernanke about a “credit crisis” affecting businesses, real estate, banks, and state and local governments were just not true.”
Madoff gave huge support to the Left
What a surprise.
While the Left constantly accuses conservative capitalists of being greedy, the world’s biggest rip-off artist of all time (aside from the Social Security Administration) has given almost a third of a million to far-left political candidates and the abortion industry, displaying a clear-cut sympathy for the Left and their vision for America.
America has seen a veritable parade of leftists (both RINOs and Democrats) committing crimes (Blagojevich is only the latest example) but so far shows not a glimmer of understanding that Leftism goes hand in hand with deviant, anti-social behavior, blithely voting for the Left and even believing – on Lord knows what basis – that the Left has the answer to our economic woes.
Read about it here.
GW Bush’s “Christian” globalism-socialism gobbledygook
George W. Bush could well be the most confused man on the planet. He calls himself a conservative but never saw a socialist give-away program he didn’t like. Unlike other conservatives, he seems to see the Constitution as more of an obstacle than a boon to his vision for America. He clearly opposes sovereignty for the US and has taken us to the brink of an EU type supranational government, greatly facilitating Obama’s job.
Speaking of the bailouts, President Bush has said that he must go against his free-market principles to save the free market. Even after the banking crisis broke, his HUD web site called for a “Zero Down Payment Initiative” that would have forced banks to require no down payment for loans.
It is becoming abundantly clear that, at the rate government is jettisoning principles, we will soon have no free market left. The government now owns a significant share of banking interests and is greedily eyeing our auto industry. You the taxpayer are a silent – or rather muzzled – shareholder.
Many can’t decide if Bush is a socialist or if he is really naïve. But if he is really that naïve, then he possibly belongs in the Guinness Book of World Records!
Personally, having heard Bush speak, I believe he has a grossly distorted idea of Christianity and thinks that the US government must be kind to the enemies of our people (all but the man who threatened his father), treating them as we would ourselves but treating ourselves like slaves and letting our enemies abuse us. Mainstream “Christianity,” which is little more than a tool of the Left, teaches that nationalism is an evil. This teaching fits nicely with Bush’s notions of globalism (which he inherited from his father), melded with his naïve and distorted “Christian” socialism (a misinterpretation of Biblical precepts concerning the poor), his open-border, pro-amnesty policies and his receptiveness to supranational government. His fairly plain Christian views on abortion and family make him palatable to the Christian “right,” which has no understanding of the Left and their intentions. This group, which talks suspiciously like the “Christian” Left, has shown a dangerous willingness to coexist with socialism and global governance that is, as we speak, resulting in their own irrelevance in world politics.
If my theory is correct, Bush has zero understanding of the Left, which laughs at people like him.
But his policies are no laughing matter.