When they government stops collecting taxes is when the government wont be responsible for people. Until then c'est la vie.

 

Wrong.. The government was formed to do certain things.. like fight wars and build infrastructure.. Of course FDR (the Fascist) pretty much destroyed the whole foundation of the country with the New Deal. If anyone with a straight face can describe FDR as anything BUT the precise definition of a Fascist, they are also not American by THAT definition. When the government steps in and takes over the banks, the business and makes employees out of 1/3rd of the population.. it's no longer a Representative Republic... it's a dictatorship and we are simply subjects.

 

I would not want to blame the entire South for the incompetence of one mayor and governor. The governor of Mississippi was very hard hit and managed to come out much better by not placing blame on anyone. They rolled up their sleeves and got to work to rebuild their state. New Orleans is still in about as bad a shape as it was shortly after Katrina hit. They are so accustomed to living off the government and having the government do everything for them they don't want to do what is necessary to rebuild their communities.

By the way, the reason the Civil War started involved excess taxation by the Feds and centralized control. The Feds wanted to impose high tariffs on Agricultural products from the South. Southern states wanted to have control over their respective states and the Feds wanted to have more centralized control. We call it States Rights.

Until recent years the South has always had a more independent mindset, especially when it comes to government. We prefer doing things for ourselves without government intervention. Most true Southerners would like to see smaller, decentralized government. We understand the inherent dangers of big centralized government. This attitude has changed over the last 30 years with the influx of those from the Socialist Northern States, such as New York, New Jersey, etc., :cry:

 

That is part of the problem today, too many people living off the government. FDR is considered the savior of the nation by many, but he is the one who started Socialism in this country. Ever since he started his "New Deal" and other programs, this country and our people have gradually been swayed to feed off the government. The problem comes in when there are more people working for the government than supporting it. The bigger government gets, the more hungry it becomes for more tax revenue to support all of the spending programs which keeps them in power. The bigger the government the more control it has over our lives.

It isn't up to the government to bail out ANY business. Capitalism involves the potential to succeed or fail. Some businesses are insulated from failure by the government. Unfortunately, the government allowed these major banks and oil companies to merge forming virtual monopolies. We would be much better off with community banks and smaller oil companies. Competition would reduce the prices we pay for money and oil.

Personal responsibility goes for companies as well as individuals. When companies are not held responsible for their decisions they don't make the best decisions. They know the government will bail them out. It is the same for individuals.

 

Did we all forget in 1989 at the end of the year about the housing crisis? Remember it lasted 7 years a long cycle there was a bail out then as well. If you want more proof about lenders who run bad lending practices go back and search history.. These folks have no excuse they should be brought to justice I have seen it to many times. They lend to people who can not afford to pay 1k a month yet they do lend to persons. They can take advantage of persons with bad types of loans stated income is just a way to say lie.

And you bet each person is responsible for doing the loans with hyped up (fairy tale) 1003 forms. By far it is the reasonability of the underwriter to make factual checks and are they no. There is a huge amount of blame to go around and people do desperate things to get a home of there own.. After all it’s the American dream right?

Last time we had a recession do you remember what caused it? 3 things Daddy Bush went to war. Fuel prices spiked and Property values went unchecked… (here comes a dirty word) Clinton did one thing to bring housing back created the national home owners exemption rule. Tons of speculators started off loading rental properties at low prices tons more purchased them remodeled them and re sold for nice profit. This pumped up Prices falsely and started a new wave of uncontrolled Building and Market prices and the fed with extremely loose credit.

There are 3 factors Housing markets normally have 7 year cycles This one has had from 1997 until 2007 3 years more then any other time in history (don’t quote me). Index prices in stocks have been artificially pumped up in the stock market. And the median income in 1997-2002 rose more then 15% all helped create a hyper inflation no one saw coming.

The base for all this is the last time we hit a road block it was a bump in the road. It has always been cost of fuel it is the number 1 reason for inflation to rear its ugly head. I think were in for a long rough road and when I say long I am looking at 9 to 10 years..



Please excuse my ramblings I mean no disrespect

Just seems funny that in some cases a crime is not a crime.

BIG DOG KICKS

 

Yankees? Or I should say those DAMN Yankees!

 

Well, seems someone may look into the matter of the bogus loans given out.

http://www.nytimes.com/2008/01/27/bu...syahoo&emc=rss

The apartments mentioned were bought and sold in the late 80's real estate collapse as then "tax shelters." Investment brokers simply packaged a group of wealthy clients together, then bought a apartment complex or stip center, the purchase price made no difference, it was the amount of "money sheltered" that mattered to the investors, one reason you had such outlandish prices being paid for real estate, all which further increased the prices, hyper inflation.
The laws were changed after the fact, however, I am sure they (investors and brokers) have found a new way around the laws and are now doing the same thing, further contributing to the rapid rise in prices.

 

Whitewater was what type of deal again?

 

Here's another one to ponder: http://www.snopes.com/politics/quotes/ike.asp

Does this make GHWB & GW STUPID? :?: Hummmmmmm?

Look: I am a centralist that studies history. I weigh the facts, the performance, the economy; Then I vote...

Sometimes it's R... Sometimes It's D... Until we have a party that is in the middle and will enforce our border and immigration laws; without caving to the "cheap labor lobby" or the premise that "These are jobs Americans don't want to do"

I'll continue to research and confirm the assertions of my fellow Americans.

We won't agree on everything but I hope that we can agree to disagree.

 

Whitewater was a failed land deal with which the Clinton’s were investigated. No wrong doing on their part, relating to the “Whitewater” misadventure was discovered, other than 2 improper tax IRS filings related to the amount of deductible interest allowed on the venture. Due to the age of the mis filings, the IRS ruled that money did not need to be repaid. It was repaid, a total of around $4,400.00.
Whitewater was supposed to make money, not used as a sheltered tax scheme. The managing partner, McDougal, went to prison for fraud related to the collapse of his S&L. He later died while in prison.
But the Whitewater deal, opened the way for the Republican controlled Congress to launch a investigation. Kenneth Starr headed the investigation, they spent somewhere between $50 - 60 MILLION of our tax dollars, investigating the deal, which turned out being a far reaching investigation into matters unrelated to Whitewater. They ended up with NO evidence of wrong doing with Whitewater, but instead discovered Monica Lewinsky!
So in the end, the taxpayers were charged $50-60 MILLION to find out a politician was getting a blow job from someone other than his wife!