55
   

AMERICAN CONSERVATISM IN 2008 AND BEYOND

 
 
Foxfyre
 
  1  
Reply Mon 2 Mar, 2009 04:04 pm
@cicerone imposter,
I won't even ask you to rebut the statement, C.I., since you don't quite yet have a grasp on what we're even talking about.
Cycloptichorn
 
  1  
Reply Mon 2 Mar, 2009 04:04 pm
@Foxfyre,
I read all of them, in fact. None of them support your contention at all. You shouldn't have to have this pointed out to you, a high-schooler could construct a more logical argument.

You wrote this:

Quote:

I will repeat that government meddling with the free market system and the government's using of the CRA to put pressure on lending institutions to make risky mortgages, sometimes highly risky mortgages, was the catalyst for the housing bubble and subsequent collapse.


This is incorrect for a variety of reasons, primarily, the CRA itself does not allow for risky mortgages to be given out. CI pointed this out earlier. You responded that the gov't did not follow those regulations, and that's fair enough; but you can't blame the legislation which is subsequently ignored by the regulators for the problem.

Also, I'd love to see that 'pressure.' Do you have any evidence of this? No?

I'd also love for you to detail what the CRA has to do with the many, many high-value mortgages purchased by rich folks, who do not fall under CRA guidelines, yet are as much of the problem as the poor folks.

Most importantly, though, your statement doesn't address the real question at hand:

How did the housing market collapse infect and bring down NON-LENDING financial institutions, who had no pressure from the government, and who were not typically involved in mortgages?

Show us, in steps, exactly how this happened; not just the collapse in the housing market, but how the collapse in the housing market caused the financial markets to collapse. Then explain to us how the government forced these investment houses to purchase into the housing market, in detail.

Cycloptichorn
Foxfyre
 
  1  
Reply Mon 2 Mar, 2009 04:06 pm
@Cycloptichorn,
I don't believe that you read the links. If you had, you would have seen the steps. Start there.

And then YOU provide a credible source or sources to rebut the statement. Tell me HOW my sources do not support the statement. Let's try you participating in the debate in some way other than simply self-righteously pronouncing me wrong and demanding that I post more and more and more stuff, none of which you'll read or accept either if that goes as it has been going.
Cycloptichorn
 
  2  
Reply Mon 2 Mar, 2009 04:10 pm
@Foxfyre,
Foxfyre wrote:

I don't believe that you read the links. If you had, you would have seen the steps. Start there.


But, I did. I did read them. And I didn't see what you claim is in them. Please cut and paste a couple of lines explaining it.

Quote:
And then YOU provide a credible source or sources to rebut the statement.


What statement? Surely not that little line you posted!

Quote:
Tell me HOW my sources do not support the statement. Let's try you participating in the debate in some way other than simply self-righteously pronouncing me wrong.


Your sources do not support the argument that the government is to fault in this financial crisis, and you haven't shown how they have. Instead, they are partisan attacks of an editorial nature attacking Democrats and minorities.

You are afraid to pull specific lines out to show how they do, b/c you're not sure you understand it yourself. You can't write up a detailed list of how the crisis happened, b/c of the same reason.

Prove me wrong. I have given specific and in-depth lists about the steps involved in the crisis. You have done nothing of the sort and refuse to answer my repeated and BASIC questions about the situation. These are not the actions of one who is confident she is correct.

To use your argumentative structure, I have a new statement for you:

Quote:
Foxfyre does not understand what factors led to the problems in our financial market, nor does she have a clue how to fix it.


Prove me wrong - if you can. By your level of argumentation this stands as a well-sourced and complete argument. I've posted plenty of posts and links proving this, it's your responsibility to go find them if you wish to argue against it. If you cannot, then I stand as correct.

Cycloptichorn
0 Replies
 
Foxfyre
 
  1  
Reply Mon 2 Mar, 2009 04:13 pm
No. I'm not going to keep posting more stuff because you can't read or understand what I've already posted. YOU provide a credible rebuttal to the statement, other than your own opinion, and let's go from there. I'll be happy to provide a comment or answer to your rebuttal.

Here's my statement again:
I will repeat that government meddling with the free market system and the government's using of the CRA to put pressure on lending institutions to make risky mortgages, sometimes highly risky mortgages, was the catalyst for the housing bubble and subsequent collapse.

And if you did not see THAT addressed in some of those links, you are flat out lying that you read them.
okie
 
  0  
Reply Mon 2 Mar, 2009 04:15 pm
@Foxfyre,
Foxfyre wrote:

No. I'm not going to keep posting more stuff because you can't read or understand what I've already posted. YOU provide a credible rebuttal to the statement, other than your own opinion, and let's go from there. I'll be happy to provide a comment or answer to your rebuttal.

Compliments to you, Foxfyre. I'm about done trying to use reason. The only way to get rid of this terrible policy is to sweep the bums out of office in 2010. If the country has not been destroyed by then. Only in office barely a month, and how will we make it two years?
Foxfyre
 
  1  
Reply Mon 2 Mar, 2009 04:16 pm
@okie,
"Reason" sure does seem to bring out the fruit flies here, doesn't it?

But throwing the bums out won't accomplish anything unless we put Reagan conservatives in there in their place. There's been a lot of ridicule re Rush Limbaugh's now famous speech at CPAC this last weekend, but he nailed the problem and provided the solution. Those of us who still understand what MAC conservatism is all about had been start hollering as loud as the piglets nursing at the government teat, or I despair what will become of us.
0 Replies
 
Cycloptichorn
 
  1  
Reply Mon 2 Mar, 2009 04:18 pm
@Foxfyre,
Foxfyre wrote:

No. I'm not going to keep posting more stuff because you can't read or understand what I've already posted. YOU provide a credible rebuttal to the statement, other than your own opinion, and let's go from there. I'll be happy to provide a comment or answer to your rebuttal.

Here's my statement again:
I will repeat that government meddling with the free market system and the government's using of the CRA to put pressure on lending institutions to make risky mortgages, sometimes highly risky mortgages, was the catalyst for the housing bubble and subsequent collapse.

And if you did not see THAT addressed in some of those links, you are flat out lying that you read them.


<guffaws>

While that is incorrect, let's assume - just to help you out - that it IS correct.

My question for you then, is this:

How did companies who were not involved in the mortgage market, lent money to nobody, and were under no government pressure, get wiped out by the collapse of the housing market?

Having this conversation with you is like coming across an auto accident, and trying to figure out what happened. And you keep stubbornly repeating, 'Well, that guy took a left four blocks back!' The information you are providing does not explain the situation at hand at all!

Please answer the above question, I've now asked you ten times or so to answer it, and you haven't even acknowledged that you see it. Do you see the bold part above?

Cycloptichorn
0 Replies
 
Foxfyre
 
  1  
Reply Mon 2 Mar, 2009 04:19 pm
Nope. Not answering any more questions Cyclop until you demonstrate that you have read and understood what I've already posted and YOU provide a rebuttal to the statement. Asking questions is not rebuttal.
Cycloptichorn
 
  1  
Reply Mon 2 Mar, 2009 04:20 pm
@okie,
okie wrote:

Foxfyre wrote:

No. I'm not going to keep posting more stuff because you can't read or understand what I've already posted. YOU provide a credible rebuttal to the statement, other than your own opinion, and let's go from there. I'll be happy to provide a comment or answer to your rebuttal.

Compliments to you, Foxfyre. I'm about done trying to use reason. The only way to get rid of this terrible policy is to sweep the bums out of office in 2010. If the country has not been destroyed by then. Only in office barely a month, and how will we make it two years?


Okie, please. I and others here have been quite tolerant of your ignorant bitching for the last few weeks. But I can't help but laugh when you attack others for failing to explain situations.

I will ask you the same question as Fox: How did the financial investment houses become involved in investing in mortgages? How did they get trapped when the market collapsed? Maybe you can try and answer the question, Fox is pointedly ignoring it.

Cycloptichorn
Cycloptichorn
 
  1  
Reply Mon 2 Mar, 2009 04:21 pm
@Foxfyre,
Foxfyre wrote:

Nope. Not answering any more questions Cyclop until you demonstrate that you have read and understood what I've already posted and YOU provide a rebuttal to the statement. Asking questions is not rebuttal.


I JUST SAID:

Quote:

<guffaws>

While that is incorrect, let's assume - just to help you out - that it IS correct.

My question for you then, is this:


I do not agree with your statement blaming the CRA or Clinton for the housing market collapse, but really, it's immaterial to the whole question. of how the financial markets collapsed.

I am presuming you are correct in your statement for the point of my next question. As this is the case, please answer the question instead of dancing around it.

Cycloptichorn
Foxfyre
 
  1  
Reply Mon 2 Mar, 2009 04:21 pm
@Cycloptichorn,
See Okie? His question is proof positive that he didn't read those links. Smile
JamesMorrison
 
  1  
Reply Mon 2 Mar, 2009 04:23 pm
@georgeob1,
Georgeob1 wrote:
Quote:
Despite this Platonism is alive an well, even among many who profess skepticism about Plato's concepts. Indeed it is a central element of Liberal (in the American political sense of the word) political thinking, which typically looks for rational, government imposed or operated "solutions" to social, economic, and political issues - as opposed to the chaos of individual choice or the free marketplace of choices and ideas. Increasingly in American political discorse the notion of "solutions" to social or economic problems is itself implicitly restricted to government activity -- the absence of a specific government activity or regulation is taken to mean no solution at all, thereby excluding any possibility of individual activity or free choice providing a solution from the dialogue.


Thanks, this is enlightening. If the liberal mind thinks that every condition of society that seems unfair (like the imbalance of incomes in the U.S.) and additionally , thinks that that unfairness must be dealt with then it must be extremely tempting for the liberal mind to seek out some sort of resolution even to the point of the ends justifying the means. Bullying is therefore justified.

Example: The town hall crowd feels a need to increase tax revenues to pay better benefits for town hall employees. It can't tax the local home owners any more so it claims their homes via "eminent domain" so that they can help a developer erect a shopping center that will generate more taxes. MAC thinking would have nipped the whole thing in the bud and allowed those so affected to stay in their homes.

As to Liberal's solution involving the perceived problem of income imbalance, Brit Hume of Fox News fame has famously asked: "Why do liberals insist on only those solutions that would make us equally poor?" Wink

JM
Cycloptichorn
 
  1  
Reply Mon 2 Mar, 2009 04:24 pm
@Foxfyre,
Foxfyre wrote:

See Okie? His question is proof positive that he didn't read those links. Smile


Why can't you answer a simple question?

Cycloptichorn
0 Replies
 
Cycloptichorn
 
  1  
Reply Mon 2 Mar, 2009 04:25 pm
@JamesMorrison,
I suppose you consider the Conservatives on the SC to not be MACs, then, after the recent Kelo decision outlining exactly what you just listed.

Cycloptichorn
0 Replies
 
Foxfyre
 
  1  
Reply Mon 2 Mar, 2009 04:25 pm
@Cycloptichorn,
Cycloptichorn wrote:

Foxfyre wrote:

Nope. Not answering any more questions Cyclop until you demonstrate that you have read and understood what I've already posted and YOU provide a rebuttal to the statement. Asking questions is not rebuttal.


I JUST SAID:

Quote:

<guffaws>

While that is incorrect, let's assume - just to help you out - that it IS correct.

My question for you then, is this:


I do not agree with your statement blaming the CRA or Clinton for the housing market collapse, but really, it's immaterial to the whole question. of how the financial markets collapsed.

I am presuming you are correct in your statement for the point of my next question. As this is the case, please answer the question instead of dancing around it.

Cycloptichorn


If you presume my statement is correct, then you also presume my opinion that the CRA and the Clinton administration as well as all the other factors clearly explained in those links is also correct as it is all interrelated. Those links really do answer your question or questions Cyclop. I've posted some of them more than once now and commented on several of them in addition. I won't rise to any more bait until you begin contributing to the discussion by providing your own supportable contribution to the discussion. If you think I'm wrong, you're going to have to show me something showing WHY I am wrong more than just making snotty remarks.
cicerone imposter
 
  1  
Reply Mon 2 Mar, 2009 04:26 pm
@Foxfyre,
Foxie, That's funny coming from you! You miss the whole issue on why this financial crisis occurred, and you're trying to tell me I don't understand it? LOL
0 Replies
 
Cycloptichorn
 
  2  
Reply Mon 2 Mar, 2009 04:29 pm
@Foxfyre,
Quote:


If you presume my statement is correct, then you also presume my opinion that the CRA and the Clinton administration as well as all the other factors clearly explained in those links is also correct as it is all interrelated. Those links really do answer your question or questions Cyclop. I've posted some of them more than once now and commented on several of them in addition. I won't rise to any more bait until you begin contributing to the discussion by providing your own supportable contribution to the discussion. If you think I'm wrong, you're going to have to show me something showing WHY I am wrong more than just making snotty remarks.


Fox, they do not. And you cannot show how they do. Your first sentence doesn't even make any sense in this paragraph.

Viewers of this thread, please witness the fact that Fox is unwilling to even address the question, not even a small statement about it, for one simple reason: she knows that doing so blows her case, badly. It shows who is truly to blame: those investors and investment houses who made poor decisions all on their own. This financial crisis was caused by greedy investors and nothing else at all. They took advantage of a risky situation and have gotten burned for it.

It isn't bait to ask this question, it's a critical part of showing you understand what is going on:

How did investment houses and financial groups, who had nothing to do with mortgages, get involved in the financial crisis? In detail please!

Cycloptichorn
Foxfyre
 
  1  
Reply Mon 2 Mar, 2009 04:41 pm
@JamesMorrison,
JamesMorrison wrote:

Georgeob1 wrote:
Quote:
Despite this Platonism is alive an well, even among many who profess skepticism about Plato's concepts. Indeed it is a central element of Liberal (in the American political sense of the word) political thinking, which typically looks for rational, government imposed or operated "solutions" to social, economic, and political issues - as opposed to the chaos of individual choice or the free marketplace of choices and ideas. Increasingly in American political discorse the notion of "solutions" to social or economic problems is itself implicitly restricted to government activity -- the absence of a specific government activity or regulation is taken to mean no solution at all, thereby excluding any possibility of individual activity or free choice providing a solution from the dialogue.


Thanks, this is enlightening. If the liberal mind thinks that every condition of society that seems unfair (like the imbalance of incomes in the U.S.) and additionally , thinks that that unfairness must be dealt with then it must be extremely tempting for the liberal mind to seek out some sort of resolution even to the point of the ends justifying the means. Bullying is therefore justified.

Example: The town hall crowd feels a need to increase tax revenues to pay better benefits for town hall employees. It can't tax the local home owners any more so it claims their homes via "eminent domain" so that they can help a developer erect a shopping center that will generate more taxes. MAC thinking would have nipped the whole thing in the bud and allowed those so affected to stay in their homes.

As to Liberal's solution involving the perceived problem of income imbalance, Brit Hume of Fox News fame has famously asked: "Why do liberals insist on only those solutions that would make us equally poor?" Wink

JM



Yes. Kelo would never have happened if we had the current court. But with five liberals on the court at the time, there was no chance that the case would be decided on the basis of Constitutional original intent:

Quote:
The Supreme Court’s landmark public use decision Kelo v. City of New London was handed down three years ago today. On June 23, 2005, Justices Stevens handed down an opinion that held that “there is no basis for exempting economic development from our traditionally broad understanding of public purpose.” Justices Kennedy, Souter, Breyer, and Ginsburg signed on to their eldest colleague’s opinion against dissent from Chief Justice Rehnquist and Justices O’Connor, Thomas, and Scalia. An excerpt from Justice Thomas’ dissent:

"The Court relies almost exclusively on this Court’s prior cases to derive today’s far-reaching, and dangerous, result. See ante, at 8"12. But the principles this Court should employ to dispose of this case are found in the Public Use Clause itself, not in Justice Peckham’s high opinion of reclamation laws, see supra, at 11. When faced with a clash of constitutional principle and a line of unreasoned cases wholly divorced from the text, history, and structure of our founding document, we should not hesitate to resolve the tension in favor of the Constitution’s original meaning."
http://dailywrit.com/2008/06/23/kelo-turns-three-today/


Some would argue that it was the liberals who took the 'conservative' view in bowing to states rights in deciding the issue. The Conservatives, while all being states righters, almost certainly looked at it from a position of unalienable rights thought it was argued mostly as an issue of the Court allowing the rich to prey upon the poor, which, of course could be seen as the liberal view. Smile
0 Replies
 
ican711nm
 
  0  
Reply Mon 2 Mar, 2009 04:42 pm
SO FAR IT DOES NOT APPEAR THAT OBAMA WILL MANAGE UNEMPLOYMENT, INCOME TAX RATES, FEDERAL REVENUES, AND GPD, BETTER THAN BUSH DID. UNFORTUNATELY IT LOOKS LIKE OBAMA WILL MANGE THESE FAR WORSE.

BUSH 43
Unemployment increased from 4.7% in 2001 to 6.0% in 2003.
Unemployment decreased from 6.0% in 2003, to 4.6% in 2007.
Unemployment increased from 4.6% in 2007 to 7.2% in 2008.

Income tax rates decreased from 15% min and 39.1% max in 2001, to 10% min and 35% max in 2006, 2007, and 2008.

Federal revenues increased from 1.991 trillion in 2001, to 2.662 trillion in 2008.

GDP increased from 10.128 tillion in 2000 to 14.209 tillion in 2008.
 

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