Comments on: This was so successful the first time…

By: Walkaway Guy

Walkaway Guy — Sun, 07 Apr 2013 01:24:40 +0000

My take on the “fool or knave” debate:

Obama is a knave.

Obama voters (especially the 2012 ones) are fools.

By: n.n

n.n — Fri, 05 Apr 2013 01:54:59 +0000

Opportunist.

That said, I suggest a trillion dollar distribution to every man, woman, and child. Tada! Instant trillionaires, right?

By: MissJean

MissJean — Thu, 04 Apr 2013 23:19:39 +0000

Sam is absolutely right. Since 2011 there’s been talk of financing to people with poor credit, simply to raise car sales. BTW Ford and another car manufacturer (Chrysler?) hit a high in auto sales last year, but it was mostly due to the continued ripple of Cash-for-Clunkers: Most of the new car sales were to people replacing old cars (an average of 13 years old according to the report I heard).

Another housing bubble will further damage the lives of the folks in their late 20s and early 30s who have been scrambling to get security deposits for rentals, let alone down-payments for a house during this buyers’ market.

By: BurkeanMama

BurkeanMama — Thu, 04 Apr 2013 22:44:58 +0000

Those who tried it first time, can claim to be fools. Anyone doing it now we must assume is deliberately trying to destroy this nations economic system once and for all.

Just like those who voted for Obama in 08 can claim they were fooled. But in 12 you made yourself our nations enemy.

By: Sam L.

Sam L. — Thu, 04 Apr 2013 16:04:44 +0000

Knave. Wants to do this with auto loans, too.

By: Gary Rosen

Gary Rosen — Thu, 04 Apr 2013 06:37:07 +0000

And speaking of knaves, my link above points out that we had Clinton to thank. The CRA (Community Reinvestment Act) that was the pretext for all this was passed in the ’70s but lay mostly dormant until Clinton decided to enforce it.

By: Gary Rosen

Gary Rosen — Thu, 04 Apr 2013 06:33:53 +0000

Time to post this link again. The outstanding online magazine City Journal predicted in *2000* that pressuring banks to make subprime loans would lead to financial catastrophe: The Trillion-Dollar Bank Shakedown Remember when a trillion dollars was a lot of money?

By: pst314

pst314 — Thu, 04 Apr 2013 02:44:49 +0000

Come the inevitable crisis, let’s pay off the loans by selling the organs of the people who pressured the banks. Seems only fair.

By: davisbr

davisbr — Thu, 04 Apr 2013 00:46:30 +0000

Sangiovese says at 2:50 pm:
Have we learned nothing in the past 5 years?

Well, I think I have finally learned the rules of the game.

This time around, I’m going to buy a house.

LOLOL.

By: rickl

rickl — Thu, 04 Apr 2013 00:43:22 +0000

Right, Mr. Frank. At bottom, it is more demagoguery. The LIVs are meant to take away the message that “Obama and the Democrats care about the poor and want to help them. The mean/racist/capitalist Republicans don’t.”

Really, there is no hope until voting becomes an earned privilege, not a right. People sucking at the government teat should under no circumstances be allowed to vote.

Once again, the Founders were well aware of the perils of democracy and sought to avoid it at all costs. They would not be surprised to see our predicament today after ~100 years of a universal franchise.