SUDDENLY, the always liberal slanted YAHOO HOMEPAGE has published this in its "FEATURED HEADLINES". I couldn't agree with the argument more; Bush has done more against Capitalism this last 10 days than may ever be realized..but to see YAHOO publish this piece as if they champion capitalism over 'socialist lite'? As if it's a more fun, enticing read than the usual Brittney Spears fiasco or the lastest way to get a date in the workplace they normally feature there?
Anything to bash the Republican, whether he doesn't deserve it...or he does.
Hello world!
5 years ago
20 comments:
yahoo uses some of the most slanted headlines i've ever come across - you can always be assured of that!
as a matter of fact, i've been employing some of their tactics at the leftwing site i've been posting on - talk about some heated libs - yeeeeeehaw!
they hate it when you play their game better than they do.
I am so relieved to see you've noticed that, too, nanc, about Yahoo. It's remarkable. SOmetimes, I sent a message to them, but what's the point, really? Whoever's reading my messages probably went to an American university, so they're not open minded enough to see that there IS a way to do news without being slanted to the Left.
GOod on you for giving it back to them at the other site...You GO, girl!!
There are lots of errors being made right now to try to mitigate the present housing and credit crunch. Everyone gets a little blame, from the Bush admin. to Congress, but especially the independent Federal Reserve Board.
The Fed has been lowering interest rates too far. This has the effect of causing inflation and reducing the dollar on foreign markets. For example, most folks think oil has been going way up in price, but that isn't really the issue. The problem is that the value of the dollar is collapsing and in return you get less oil for that dollar.
The banks have been irresponsible in writing risky loans to people with poor credit. If the government (i.e., you and me the taxpayer) sets the precedent of bailing out these bad decisions then what incentive do these banks have to correct future behavior?
It's going to be a rocky road for the foreseeable future. Eventually the housing market will bottom out and confidence will slowly be restored. In the mean time we should act proactively and stop the unnecessary deficit spending and revamp the tax code to promote investment and capital formation.
Mike
Thomas Sowell was absolutely right! Read his book "Basic Economics." Believe it or not it's an interesting read.
I KNEW WE WERE SCREWED when Reid and Pelosi were standing behind the President just DYING to be seen as part of the new stimulus package. The bug-eyed nut job looked like she wanted to sign it herself.
It actually COULD work to give early tax returns to those who EARNED that tax return. If everyone who had a tax refund of over $1000 was to get that money early, it might give the economy a needed shot in the arm. Once the Dems jumped in I knew that the package would include welfare.
Mike's right on about this too.
"The banks have been irresponsible in writing risky loans to people with poor credit. If the government (i.e., you and me the taxpayer) sets the precedent of bailing out these bad decisions then what incentive do these banks have to correct future behavior?"
My brother manages a hedge fund and he and Mike speak the same language on this one.
Government intervention usually does more harm than good. There are exceptions, it seems the Bear Stearns deal was SMART! You know what they say about blind pigs...
Morgan
mike and morgan; better lessons on the state of this union's economy in fewer words than offered anywhere else. Thanks, guys.
I don't know if the refund could have ever worked. There was some poll which came out last week saying most Americans are going to save the money, amounting to not much of a stimulus, of course. But, I sure don't know anybody who will. I"m thinking most will look at it as happy money and spend it on some luxury they've been wanting. I guess it's hard to tell...
I'm going to use my "rebate" to pay my health-insurance premium. Won't do a thing to "help" the economy.
I'm buying ammunition with my rebate.
Sure it will help AOW. Insurance premiums enrich a company with employees who spend money! Nanette and I talked about what we would do if we "qualified" for one of these checks. She said we'd pay down the personal credit card. In BOTH instances the money isn't lost down a hole, it just doesn't goose the economy quite as much as if you used it to buy an American made recliner, or as the down payment on a car. In either case the money is better off in the economy than in the hands of the government.
Morgan
IMO, the seeds for the current failure in the mortgage lending markets was sown in regulations to the housing and lending markets that were imposed beginning in the mid-60's when the "thumb" of the regulators were put on the scales of "common sense capitalism" to favour "the poor and disadvantaged" over the credit worthy. The current financial collapse is merely the end result of those "fairness-oriented" regulatory policies directed towards expanding credit availability in favor of the poor and minorities.
And it is no coincidence that players like Jesse Jackson are showing up to protest the seemingly predatory or discriminatory high foreclosure rates in predominately minority communities.
And until something is done to "roll back" these so-called "fairness" in credit or lending policies that have tipped the scales in favor of the "un-creditworthy", all these government "stimuli" packages are simply a pouring of good money after bad...
We'll be using our rebate to pay down debt. Other than the car and house, I expect to have all of our debt gone this year, God willing.
I've often noticed the hypocrisy of Yahoo. Another thing that drives me nuts about them is that their articles, often taken from Reuters or the AP, are rife with grammatical and spelling error.
I know I often make such mistakes, but then again, I'm not publishing professional news articles, either.
Farmer John, this morning Yahoo tells us that the "IRS to help low income file for stimulus checks". I think that means those who haven't paid taxes because all tax payers automatically get their checks. Must be, because nobody called ME to ask if they could help. Sort of like when I was lying in the ER a few years back and I heard a hospital docent in a room with a Hispanic guy injured on a job calling every pharmacy within 20 miles of his home quite a distance away from the hospital for the cheapest prices on prescriptions. (he couldn't speak English) She sure didn't come to me and help ME get the best price! (must have forgotten, huh?)
I kind of thought that was 'unfair' and suddenly I was 'unworthy'!
Brooke..you couldn't even make the mistakes those rubes do.(or is it roobs!? :-) )
ah yes Z,,dont u love the MSM?..NOT! :)
Farmer John is absolutely right at 6:14. Read and absorb.
Morgan
WHT...I hate our PRAVDA media with the white hot intensity of a thousand suns, WHT...a THOUSAND suns.
Morgan, FJ will never stear us wrong.
Great input from all of you..I wish more people could read and absorb it.
If it don't facilitate delivering mail or warheads, I don't want my government paying for it.
beamish...what do you mean by 'facilitate delivering mail'?
Z,
A paved road and a paid mailman facilitates delivering mail.
It's all part of Congress' limited powers and duties:
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
To borrow money on the credit of the United States;
To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;
To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;
To establish Post Offices and Post Roads;
To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries;
To constitute Tribunals inferior to the supreme Court;
To define and punish Piracies and Felonies committed on the high Seas, and Offenses against the Law of Nations;
To declare War, grant Letters of Marque and Reprisal, and make Rules concerning Captures on Land and Water;
To raise and support Armies, but no Appropriation of Money to that Use shall be for a longer Term than two Years;
To provide and maintain a Navy;
To make Rules for the Government and Regulation of the land and naval Forces;
To provide for calling forth the Militia to execute the Laws of the Union, suppress Insurrections and repel Invasions;
To provide for organizing, arming, and disciplining the Militia, and for governing such Part of them as may be employed in the Service of the United States, reserving to the States respectively, the Appointment of the Officers, and the Authority of training the Militia according to the discipline prescribed by Congress;
To exercise exclusive Legislation in all Cases whatsoever, over such District (not exceeding ten Miles square) as may, by Cession of particular States, and the acceptance of Congress, become the Seat of the Government of the United States, and to exercise like Authority over all Places purchased by the Consent of the Legislature of the State in which the Same shall be, for the Erection of Forts, Magazines, Arsenals, dock-Yards, and other needful Buildings; And
To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof.
The only things Congress should be spending money on is mail and warhead delivery systems.
Everything else is a violation of the Constitution.
In other words, if you want the government to pay for your welfare, join the military.
Beamish; good point about the military and welfare.
Mr. B; you'd pave roads, and you'd allow for lights, bridges, etc, right? Infrastructure? And protect the country. And the courts, commerce laws, etc...as described in our post.
ya, I didn't notice welfare or affirmative action on that list.
Beamish, do you think we could ever get back to constitutionality again? Is there any way?
Z,
It would require a paradigm shift in the thinking of our elected officials and the people that elect them. Constitutionally speaking I find myself on page one of a slippery slope argument well past page 32. Democrats and Republicans are arguing over should or shouldn't illegal immigrants get Social Security benefits, my solution says illegal immigrants couldn't get Social Security benefits if nobody could.
Few if any "conservative" politicians these days get the maliciously evil grin that I do thinking about millions of people potentially burned by the system of Social Security failing in the next 5 years and the legacy of a generation of Americans that will never foolishly leave their well-being in government hands again.
Too many people want to sculpt and polish what should be flushed.
What will restore the Constitution?
Blood in the streets.
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