tag:blogger.com,1999:blog-3580106816812212341.post4996909436948866174..comments2023-10-06T10:59:29.273-04:00Comments on Frank J. Hernandez - Elysian Visions Blog: More notes from the edgeFrank J. Hernandezhttp://www.blogger.com/profile/12783595606848021997noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-3580106816812212341.post-47645339851618455342008-09-29T12:00:00.000-04:002008-09-29T12:00:00.000-04:00If you'd like a great explanation of exactly what ...If you'd like a great explanation of exactly what government manipulations of the economy brought about this mess, read this article - <B><I>written 8 years ago</I></B> - which predicted the whole thing:<BR/><BR/>http://www.city-journal.org/html/10_1_the_trillion_dollar.htmlBrianhttps://www.blogger.com/profile/01186004124653419949noreply@blogger.comtag:blogger.com,1999:blog-3580106816812212341.post-80767355620601633522008-09-29T10:48:00.000-04:002008-09-29T10:48:00.000-04:00I disagree with Mr. Diego. This crisis was caused ...I disagree with Mr. Diego. <BR/>This crisis was caused by Lenders and banks outright greed and desire so bleed the american public dry. Coupled with almost total deregulation under GOP rule. Greed and no rules got us. Predatory lending, no credit check or employment check mortgages (who thought that was a good idea!?!?)A shadow market where debit was bundled into CDO's which were improperly rated as a triple A loan because nobody understood them. Then traded around unsupervised like they were worth something. Businesses allow to leverage themselves to kingdom come in pursuit of the all mighty dollar. (who thought this was a good idea!?!?) I could go on and on and on.... so do not sit there and tell me socialism caused this mess. This is the fault of unbridled capitalism and excessive greed. Socailism and tightly regulated business is the way out of this mess. It worked well for Sweeden whos population is now one of the wealthiest per capita in the world.Anonymoushttps://www.blogger.com/profile/09041758658986189464noreply@blogger.comtag:blogger.com,1999:blog-3580106816812212341.post-18333255499083460912008-09-28T16:49:00.000-04:002008-09-28T16:49:00.000-04:00Mr. Diego's comments do not represent my point of ...Mr. Diego's comments do not represent my point of view, but in the interest of fairness, I thought it best to publish it and hope that others will take up the challenge.<BR/><BR/>F.Frank J. Hernandezhttps://www.blogger.com/profile/12783595606848021997noreply@blogger.comtag:blogger.com,1999:blog-3580106816812212341.post-65662367833799184982008-09-28T14:00:00.000-04:002008-09-28T14:00:00.000-04:00This economic fiasco represents the failure of soc...This economic fiasco represents the failure of socialism; the idea that you can steal from capitalism the money to "help the poor." This principle is a Marxist maxim inaugurated by the Democratic party in an effort to provide housing to people who did not have the means to pay for that housing. It did not matter that they could not pay; what was important was that the state provided that housing for them. This is the principle of Karl Marx, the Democratic Party who created Fannie, Freddie and AHF (ACORN) and who threatened private financial institutions and loosened lending practices which created thousands of worthless mortgages. Today, we are attempting to "fix" this problem by capitalizing these worthless loans, sending good money after bad money and making the good money worthless. This ridiculous socialist response to a failure of socialism will only prolong the problem and possibly forever enslave every man, woman and child in this country. It is no coincidence that the original bill that Bush created to fix this problem, which was rejected by the Republicans, included a provision to provide additional funding to ACORN which is an organization whose philosophy caused this mess. ACORN is an Obama supporter and a voter fraud organization who helped the poor get loans they could not afford to pay. The effort to fund ACORN in this bill is an effort to create an organization of stormtroopers to support the takeover of the United States by a group of socialist radicals bent on destroying the capitalist system and enslaving hard working Americans for the sake of the poor, uneducated and unmotivated. This bill will accomplish that enslavement. <BR/><BR/>We are seeing the collapse of our society in a similar fashion to what Rand wrote about in Atlas Shrugged and with the same causes; socialism and caretaker government. This may truly be the end of freedom in America.Rob Diegohttps://www.blogger.com/profile/00820660127483058062noreply@blogger.comtag:blogger.com,1999:blog-3580106816812212341.post-65408620337092826952008-09-28T12:58:00.000-04:002008-09-28T12:58:00.000-04:00Frank;Basically, we're not even just on the verge ...Frank;<BR/><BR/>Basically, we're not even just on the verge of The Great Depression 2(which I'm hoping will at least have a score by John Williams)...we're headed into a remake of Americathon, that seldom-remembered John Ritter movie. <BR/><BR/>If Grandpa(McCain) wins, we're going to have four years to come of even worse economic chaos wherein mortgage foreclosures and repossessions become the order of the day, while Grandpa continues to assure us things will get better...which means his rich friends will stay rich.<BR/><BR/>If Obama wins(hopefully), he's going to be more busy during the next four years digging us out of this mess, which is going to distract him from what his real job's supposed to be: running the country. <BR/><BR/>While I am rooting for Obama(whom I think did quite well in the debates), I think that either way in these next upcoming years We The People are seriously fucked.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3580106816812212341.post-33418708401648324602008-09-28T03:51:00.000-04:002008-09-28T03:51:00.000-04:00Nobody wanted to acknowledge the vortex we were ci...Nobody wanted to acknowledge the vortex we were circling the past few years and, now that we are in too deep, they want us to start swimming. Who knows what is at the bottom?misteriosohttps://www.blogger.com/profile/02795206110650060209noreply@blogger.com