In my oppinion this interview gives a clear impression of the strange situation within the US. There has been no party in office the last eight years and who has voted for him two term



YouTube - Chris Matthews lights up Eric Cantor

Chris Matthews was on to something there. Cantor would not answer a direct question with a direct answer. The bottom line is that the republican party bears most of the blame here. The failed policies are those of the republican party. Weaken the government, loosen regulation, massive tax cuts, outsourced foriegn labor, spend spend spend and let the taxpayers foot the bill.

They should should just let Wall Street collapse. Erase the debt record of all Americans, reset to zero and tell the rest of the world "Sorry, you are not getting your money now."

All this collapse is is another move made by the wealthy elite (1%). Think about it. What happened after the great depression? Many of the failed companies were eaten up by the bigger ones. The end result was a huge consolidation of wealth. Look at recent history like the tech bubble of the 90s. What happened there? After the dust settled and the smoke cleared who came out of top as giants Google, Yahoo, AOL-Time Warner to name a few and now where are they? All about to be absorbed into an even larger money making machine.

This time we are in dangerous territory. After this settles down in a few years, I speculate that we will see the first "Mega-Corporation" one that is wealthier than our own government and at that point untouchable and beyond the law. Large swathes of property (commercial and residential) will be bought up by these giants. They will own all the industry in the country and the banks and the energy resources.

Recently, the Canadian president DISSOLVED parliament in an attempt to repopulate it with conservatives. If that happens coupled with our weakened economy, we begin to see talk of a North American Union. A globalized economy sounds good, but all it does is transfer the power from the governments to a very small population of wealthy business interests. This will lead to our enslavement.

Conspiracy theories aside, we are in some deep shit right now. Sad thing is the average American does not have a clue and they will cast their votes on petty issues like race, abortion and religion. Sad but true.

Another amazing (yet surprisingly commonplace) example of blind partisanship turning black into white and up into down. The failed policies are those of the Dems. "Give loans to poor people because they are poor, not because they are good candidates for a mortgage." Weaken the regulations that prevent banks from doing that. Price American labor out of a job. And of course 'spend spend spend and let the taxpayers foot the bill'. (That last actually Is a Republican policy, but they stole it from the Dems.)

Dead on there at least. Not that I think we should sweep in a herd of Republicans, tho - They're only marginally better than the Dems, or they would have done more to stop the Dems' train wreck.

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Today's forecast: Government corruption.

Tomorrow's forecast: 100% chance of more 'politics as usual'

Maybe it's finally time to vote Libertarian

TomBlaze is right about what policies should be blamed for this mess, namely laissez-faire capitalism as embodied in deregulation. He is wrong, however, in calling those policies Republican. Alas, the Democratic Party also jumped on the deregulation train, and is just as much to blame.

EvilInkarlate's suggestion that home loans to poor people were what caused the crisis is too narrow in focus. This is a problem running all through the financial network, and is not unlike the banking panics that used to strike the unregulated economy about every 20 years before the banks were regulated in the 1930s. It arises simply because, unless you keep a close eye on it -- and contrary to conservative dogma -- the free market doesn't work.

Republicans are the dereguators. The Dems just jumped the wagon to try and help people. Technically it is a bipartisan failure but I think it is still more on the republicans side of things.

We really need to get this mortgage thing straight though. My friend Avery was a sales manager at Countrywide and I can tell you that the people they gave loans to really thought that they were getting a good deal. The salespeople manipulate information, advise their clients to fudge things on their application so they can guarantee the second mortgage will be approved. Many of these people were blind sided. All they were concerned about was paying off the credit cards and having a manageable monthly payment. They had no idea that they were going to lose ALL of their equity and then the collapse and thse people owed more that their houses were worth.

That my friends is fraud and it was made possible by very loose regulations and greedy corporate execs getting their money while they could. You don't think that these business moguls had no clue as to how this would turn out? Come on, now. Of course they did. They speculated this collapse and are running with the ball now. Soon they will get 700 billion of OUR money to bail them out.

What they should do is: Seize all the assets of the execs that ran these companies (all of them as in reduce them to working class overnight) and imprison them. Then let the market go down with no bailouts. Absolve all Americans of their debt (now they have cash to spend). Give that 700 billion to the people to get through the hard times and then we will be reset to zero. With no debt and an economy that will have nowhere to go but up, I think thats a good start. Why should we care if a bunch of rich people kill themselves over bad financial decisions and why should we have to pay for it.

The country will run without these corporate assholes. This country will not run without working Americans.

How many times are we going to have this song and dance ?

As has been documented all over this board, the GOP tried several times to enact legislation to tighten controls on the Freddie/Fannie crew only to have the dems go party line to stifle it.

Chris Doss only this summer said that F&F were fine.

I realize you guys are sick of losing but really, you're making yourselves look sillier than normal.

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Hope is the opposite of audacity. It's passive, an excuse for inaction.

Socialism doesn't create a rising tide that lifts all boats. It drains the lake and teaches the boat riders not to help themselves by rowing.

“What's the difference between Sarah Palin and Barack Obama?”

“One is a well turned-out, good-looking, and let's be honest, pretty sexy piece of eye-candy.

“The other kills her own food.”

You might do some research and see who all voted regulation down......just a suggestion.

Read this to get you started:

Pro-Deregulation Schumer Scores Bush for Lack of Regulation - September 22, 2008 - The New York Sun

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