American Politics during the Obama Presidency

Esten, arguing for government intervention because of private sector faults is what is wrong in general with people on the left who think the government needs to be involved (to intervene) to save the day. There is no real understanding at how things come to be, and the fuck-ups the government makes are compunded when people rush in and say "now we need more government involvement!"

The fact is, most big problems, including the credit crisis, are usually the fault of the government in not following rules it has set out (allowing favored businesses, industries to get around the rules) or making new rules to tell the market place how to act.

If progressive administrations had not ordered the banking industry to create these risky loans, they would not have existed to begin with. The market would never have allowed it to happen. Did the financial industry make things worse? Yeah, but the govt didn't look very closely at what was happening and actually enforce the laws / regulations on the books after they created the potential problem.

The government fucks up most things when it tries to tell people and the market place what to do. People on the left just can't imagine that we don't all need to be controlled "for our own good."

You mean all those brains in financial firms couldn't develop responsible risk management plans within the existing regulatory framework?

Did the government require these firms to give financial incentives based on the volume of their transactions, regardless of the risk profiles?

A bit hard to believe.

[QUOTE=Esten]You mean all those brains in financial firms couldn't develop responsible risk management plans within the existing regulatory framework?

Did the government require these firms to give financial incentives based on the volume of their transactions, regardless of the risk profiles?

A bit hard to believe.[/QUOTE]You were the very last in line for brains.

Exon

Direct commentary from Yahoo.

"This is how it goes in 2010 at the ballot box: Old orders are upended, political lions become roadkill, chosen successors get left behind, and the outsider, riding a wave of discontent, becomes the new frontrunner.

In quick succession Tuesday night, the jittery inhabitants of Washington's marble halls found three more reasons to worry about their staying power. Pennsylvania Sen. Arlen Specter, the Senate's patron saint of resilience, was turned out in a Democratic primary, in favor of an unwanted rival, Rep. Joe Sestak, who had neither major union nor White House support. In Arkansas, Sen. Blanche Lincoln, a model of southern Democratic moderation, was forced into a primary runoff by a self-styled outsider, Bill Halter, challenging from her left. And in Kentucky, the Washington establishment's chosen Republican (See 10 races that have Democrats worried for 2010.

Senate candidate, Trey Grayson, fell to the son of a libertarian outlier, who carried the flag of another party. "I have a message, a message from the Tea Party, a message that is loud and clear and does not mince words: We've come to take our government back," declared Rand Paul, son of Representative and former presidential candidate Ron Paul, upon winning by a double-digit margin."

Sucks to be a liberal right now! Just remember who told ya how things will change later this year! It's just a matter of time till all ya liberal b*tchs start pointing the finger at your great messiah. The "Obamantion". LOL. One thing about liberals! They offend easily and point the finger faster than anyone I know! LOL! From my perspective, really can't wait till the blood-letting really starts in November! Should be something to watch! I'll be back in BA in early October and can't wait to see the tone of this thread change. Stop pointing the finger at past presidents liberal-b*tchs. Only a fool would look at the past year and a half with an eye that beholds the liberals have'in made even one solid move. "Spend our way out of a recession"! IALOTFLMAO! Keep it real fellas. It's just time to own up to the fact that the liberals couldn't manage their way out of a wet paper bag. Way too much social agenda to pursue! LOL!

Words to live by all.

If you are not a liberal in your twenties then you have NO HEART!

If you are still a liberal in your thirties then you have NO BRAIN!

Happy Mongering All. Toymann.

Ps. To all you liberal b*tchs out there. Stay in denial! It will make the next 6 month much more tolerable for ya all. LOL!

[QUOTE=Toymann]Direct commentary from Yahoo.

"This is how it goes in 2010 at the ballot box: Old orders are upended, political lions become roadkill, chosen successors get left behind, and the outsider, riding a wave of discontent, becomes the new frontrunner.

In quick succession Tuesday night, the jittery inhabitants of Washington's marble halls found three more reasons to worry about their staying power. Pennsylvania Sen. Arlen Specter, the Senate's patron saint of resilience, was turned out in a Democratic primary, in favor of an unwanted rival, Rep. Joe Sestak, who had neither major union nor White House support. In Arkansas, Sen. Blanche Lincoln, a model of southern Democratic moderation, was forced into a primary runoff by a self-styled outsider, Bill Halter, challenging from her left. And in Kentucky, the Washington establishment's chosen Republican (See 10 races that have Democrats worried for 2010.

Senate candidate, Trey Grayson, fell to the son of a libertarian outlier, who carried the flag of another party. "I have a message, a message from the Tea Party, a message that is loud and clear and does not mince words: We've come to take our government back," declared Rand Paul, son of Representative and former presidential candidate Ron Paul, upon winning by a double-digit margin."

Sucks to be a liberal right now! Just remember who told ya how things will change later this year! It's just a matter of time till all ya liberal be*tchs start pointing the finger at your great messiah. The "Obamantion". LOL. One thing about liberals! They offend easily and point the finger faster than anyone I know! LOL! From my perspective, really can't wait till the blood-letting really starts in November! Should be something to watch! I'll be back in BA in early October and can't wait to see the tone of this thread change. Stop pointing the finger at past presidents liberal-be*tchs. Only a fool would look at the past year and a half with an eye that beholds the liberals have'in made even one solid move. "Spend our way out of a recession"! IALOTFLMAO! Keep it real fellas. It's just time to own up to the fact that the liberals couldn't manage their way out of a wet paper bag. Way too much social agenda to pursue! LOL!

Words to live by all.

If you are not a liberal in your twenties then you have NO HEART!

If you are still a liberal in your thirties then you have NO BRAIN!

Happy Mongering All. Toymann.

Ps. To all you liberal be*tchs out there. Stay in denial! It will make the next 6 month much more tolerable for ya all. LOL![/QUOTE]Not that I am a liberal, but your taunting style reminds me of being in some small town bars. You know what I mean!

If ya can't have a little fun on the political thread now that ol'Sids gone, who's gonna bait and offend the liberals. LOL. They offend so easily don't ya know and this damn board is just full of them. LOL.

Happy Mongering All. Toymann.

Ps. And I am from a small town don't ya know! LOL!

[QUOTE=Black Shirt]Not that I am a liberal, but your taunting style reminds me of being in some small town bars. You know what I mean![/QUOTE]1. He admits to having been in flyover country.

[QUOTE=Wild Walleye]1. He admits to having been in flyover country.[/QUOTE]What the hell does that mean? I go wherever pussies are pulsating.

Right now, I am writing from the Star Princess crusing in the Baltic Sea, and then on to Bangkok and the riots and demonstrations.

[QUOTE=Jackson][size=+2][b]It's George Bush's fault![/b][/size][/QUOTE]Keep repeating, over and over, until the second Wednesday in November 2012.

Frankly, it'll probably go on a lot longer than that. The Democrats ran against Herbert Hoover until at least 1980, when nobody who voted for him was still alive.

[QUOTE=Esten]You mean all those brains in financial firms couldn't develop responsible risk management plans within the existing regulatory framework?

Did the government require these firms to give financial incentives based on the volume of their transactions, regardless of the risk profiles?

A bit hard to believe.[/QUOTE]Didn't say they COULDN'T develop risk management plans. But since when is the government in the business of telling companies that they HAVE to take risks?

Also, why didn't the government do its job and work within the framework that existed as well to make sure that shit didn't happen?

My point was that the first thing liberals do is start telling us how we need MORE government to take care of the last thing that the government screwed up or helped screw up in one fashion or another.

1) The government shouldn't tell companies that they have to take risks they wouldn't normally take.

2) When you DO tell companies to take risks, don't just ignore what they're doing.

3) No matter 1 & 2 - if you already have a framework in place, ENFORCE IT and ensure that you don't let crooks fuck things up worse.

We don't need more government and more regulations.

[QUOTE=Exon123]You were the very last in line for brains.[/QUOTE]Exon, I'm sorry I'm such a dumb MotherFucker.

[QUOTE=Black Shirt]What the hell does that mean? I go wherever pussies are pulsating.[/QUOTE]No self-respecting, knee-jerk, coastal liberal would admit knowledge of or experience in "fly over country." Therefore, you're ok.

[quote=]Right now, I am writing from the Star Princess crusing in the Baltic Sea, and then on to Bangkok and the riots and demonstrations.[/QUOTE]Could you pick me up some licorice at the CentralWorld Mall?

[QUOTE=Esten]Exon, I'm sorry I'm such a dumb MotherFucker.[/QUOTE]Its Ok, I was wrong once myself,.

Course when the facts came out, it turned out I was right after all.

Exon.

[QUOTE=Wild Walleye]No self-respecting, knee-jerk, coastal liberal would admit knowledge of or experience in "fly over country." Therefore, you're ok.

Could you pick me up some licorice at the CentralWorld Mall?[/QUOTE]I am not going to break curfew for you, but if you come over, we can go together, and also see some fishbowls.

Greetings Everyone,

Today, SEIU (Service Employees International Union) members trespassed "en masse" on the lawn of the personal residence of the president of Bank of America specifically to protest against BoA's policy of foreclosing on the homes of SEIU members who have not paid their mortgages.

They apparently believe that they have the right to trespass and protest at the bank executive's personal residence because they believe it's not their member's fault that they can't pay their mortgages, not withstanding that they asked for the mortgage in the first place, agreed to and executed the mortgage documents, and then they took the bank's money.

They also apparently believe that as union members they are entitled to some sort ot special exemption not available ot the rest of us.

This reminds me of union politics here in Argentina.

Thanks,

Jackson

BTW: Nobody forced these people to take the Bank's money, which leads to the obvious question: Whatever happened to personal responsibility in the USA?