Lifestyle > Train of Thought
M Dogg's expresses dissapproval at Obama
Shallow:
--- Quote from: Rugged Monk on October 09, 2008, 07:22:53 PM ---
'No big government! Cut the red tape! Get the government off our backs rah rah rah, down with socialism! The market will regulate itself like the magical talking tea-cups and spoons in magical land...'
--- End quote ---
Lending money to stupid people that cannot pay it back is simply bad business and people that do such things should be punished, and they would be punished by a free market because they'd end up lending out money they would not get back and owning houses that aren't worth have of what they were leant out as. An unregulated, a real unregulated society (not this socialist shithole we live in now), market would put money lending morons out of business for good and newer smart money lenders would emerge. But in this corperate welfare world those smart lenders don't have to exist because we have the government to bail out every idiot fron here to as far as the eye can see.
All regulation is bullshit, because the people with the dough can cut any red tape that needs cutting while the people trying to make a buck get all wrapped up in red sticky shit.
jeromechickenbone:
Obama is a fraud. You're a racist fuck if you think he's any different because he's dark complected. Peeps are gonna be heartbroken and I'm gonna be right here laughin.
Fuck Obama
Rugged Monk:
--- Quote from: Shallow on October 09, 2008, 09:25:48 PM ---
--- Quote from: Rugged Monk on October 09, 2008, 07:22:53 PM ---
'No big government! Cut the red tape! Get the government off our backs rah rah rah, down with socialism! The market will regulate itself like the magical talking tea-cups and spoons in magical land...'
--- End quote ---
Lending money to stupid people that cannot pay it back is simply bad business and people that do such things should be punished, and they would be punished by a free market because they'd end up lending out money they would not get back and owning houses that aren't worth have of what they were leant out as. An unregulated, a real unregulated society (not this socialist shithole we live in now), market would put money lending morons out of business for good and newer smart money lenders would emerge. But in this corperate welfare world those smart lenders don't have to exist because we have the government to bail out every idiot fron here to as far as the eye can see.
All regulation is bullshit, because the people with the dough can cut any red tape that needs cutting while the people trying to make a buck get all wrapped up in red sticky shit.
--- End quote ---
What do you think is happening now? Those banks ARE going out of business, people ARE defualting on their loans and companies are folding and that bail out bill was a panic-stricken knee jerk reaction. I think its a fantasy thinking the market will just regulate itself and it will be all gravy, sure it can 'regulate' itself, but then life is brutal, starve to death and die of treatable diseases if you aint got a dime type regulation. The only reason we have the luxury of sitting infront of PCs casually contemplating the world is because of GOVERNMENT: LAWs and REGULATION. There may be stupid regulations and too much regulation in some areas, but don't wish for no regulation at all, otherwise move your ass to Botswana and pack nothing with you if you want to really experience the 'free market', a 'free market' inevitablly becomes a market with slaves and slavers with government open to the highest bidder.
"The condition of man . . . is a condition of war of everyone against everyone."
"No arts; no letters; no society; and which is worst of all, continual fear and danger of violent death; and the life of man, solitary, poor, nasty, brutish, and short"
-Thomas Hobbes, The Leviathan.
M Dogg™:
--- Quote from: Rugged Monk on October 10, 2008, 05:45:29 AM ---
--- Quote from: Shallow on October 09, 2008, 09:25:48 PM ---
--- Quote from: Rugged Monk on October 09, 2008, 07:22:53 PM ---
'No big government! Cut the red tape! Get the government off our backs rah rah rah, down with socialism! The market will regulate itself like the magical talking tea-cups and spoons in magical land...'
--- End quote ---
Lending money to stupid people that cannot pay it back is simply bad business and people that do such things should be punished, and they would be punished by a free market because they'd end up lending out money they would not get back and owning houses that aren't worth have of what they were leant out as. An unregulated, a real unregulated society (not this socialist shithole we live in now), market would put money lending morons out of business for good and newer smart money lenders would emerge. But in this corperate welfare world those smart lenders don't have to exist because we have the government to bail out every idiot fron here to as far as the eye can see.
All regulation is bullshit, because the people with the dough can cut any red tape that needs cutting while the people trying to make a buck get all wrapped up in red sticky shit.
--- End quote ---
What do you think is happening now? Those banks ARE going out of business, people ARE defualting on their loans and companies are folding and that bail out bill was a panic-stricken knee jerk reaction. I think its a fantasy thinking the market will just regulate itself and it will be all gravy, sure it can 'regulate' itself, but then life is brutal, starve to death and die of treatable diseases if you aint got a dime brutal. The only reason we have the luxury of sitting infront of PCs casually contemplating the world is because of GOVERNMENT: LAWs and REGULATION. There may be stupid regulations and too much regulation in some areas, but don't wish for no regulation at all, otherwise move your ass to Botswana and pack nothing with you if you want to really experience the 'free market', a 'free market' inevitablly becomes a market with slaves and slavers with government open to the highest bidder.
"The condition of man . . . is a condition of war of everyone against everyone."
"No arts; no letters; no society; and which is worst of all, continual fear and danger of violent death; and the life of man, solitary, poor, nasty, brutish, and short"
-Thomas Hobbes, The Leviathan.
--- End quote ---
Well onething that happened was Clinton wanted people to loan out these subprime. It's not the whole fault of the banks. On top of that, the banks are going out of business, which was not what they thought would happen. Originally what happened was that banks were giving these bad loans, and then after a few years when housing was still cheap, banks took the homes and resold them for a nice profit. Think about it, you get 5 years of a loan, then you get the full value of the house, this was a win, win for banks. What hit the fan was now that we had faulty loans, prices skyrocketed and we people could not afford their homes. There was no one selling anymore because others were afraid of taking on these bad loans, so people were forced to stay in their loans after 5 years and finally become foreclosed. This cycle has been going on for 10 years. It's not like one day banks give loans that were bad and then they stop profitting. No, banks profitted from these loans, for 10 years they have had massive profit, and now it's all hit the fan.
--- Quote from: Poppa Large on October 09, 2008, 09:35:01 PM ---Obama is a fraud. You're a racist fuck if you think he's any different because he's dark complected. Peeps are gonna be heartbroken and I'm gonna be right here laughin.
Fuck Obama
--- End quote ---
10 years ago Obama was a scrappy Chicago politican and 6 years ago his setting up marches again the Iraq War and 2 years ago his talking about this very problem. What's not to like of him. I disagree with his vote on this bill, but his heart is in the right place, and I think once he becomes president, he may be a Ron Paul Republican's worst nightmare, but America will see greatness. After all, look at the worst presidents, they are the considered the most Libertarian.
Navigation
[0] Message Index
[*] Previous page
Go to full version