1/19/10 11:18 AM

'The Bush Administration Committed Extortion'

J$P Video! The Judge rules on financial strong-arming by the feds:


From Studio B, April 1 2009




Fox Fan
A 2% share allows the gov't to set salaries at the bank? I wish there was an emoticon for a middle finger.
 
The Judge, as always, is spot on. The government needs to step off and roll back, starting with Bush's socialist bailouts and finishing with Obama's socialist bailouts. They do nothing to help the citizens of the US. The bailouts are a fearmongered farce forced upon the sheeple.  
 
Let failures fail and successes succeed. It's that Darwinian philosophy liberals love and that capitalist philosophy conservatives love.
April 1, 2009, 9:40:36 PM EDT – Like – Reply


Grammie
Right on, FF.
 
I wish The Judge could get his message out from the mountain tops instead of just cable news and radio.
 
I really feel like I took a nap and woke up in The Twilight Zone. Whatever the outcome of this blatant power grab I won't be here to really see our culture and way of life change that much. My kids and grandkids are another story.
 
I'm not usually a big fan of Independent Counsels and such but in this case I would support a massive investigation and shining the light of day on all the shennanigans, starting with GWB's part in the whole finacial mess.
April 1, 2009, 10:33:58 PM EDT – Like – Reply


Cecelia
Grammie, FF,
 
You're too smart to express these stupid political opinions here.
 
You should have stuck with doing sports or the weather.
April 1, 2009, 10:59:51 PM EDT – Like – Reply


Fox Fan
I'm not much for discussing sports or the weather here. Imposed socialist agendas, fair play.  
 
I'd like to hear your opinion on this, CC!
April 1, 2009, 11:14:28 PM EDT – Like – Reply


Cecelia
My opinion is that the bail-out of AIG has been necessary.
 
Bush should have bailed out Lehman Brothers too.
 
What's not been necessary is to use the bail out as a pretext for federalizing these companies.
April 1, 2009, 11:26:41 PM EDT – Like – Reply


Fox Fan
I'm not OK with giving my money to failed private enterprises and I'm NOK with federalizing private companies. Sink or float, those are the options in a successful capitalistic, Darwinistic society. Bush and Obama are one and the same in this illegal federal failure.
April 1, 2009, 11:39:39 PM EDT – Like – Reply


schizzle
"I'm not OK with giving my money to failed private enterprises and I'm NOK with federalizing private companies. Sink or float, those are the options in a successful capitalistic, Darwinistic society. Bush and Obama are one and the same in this illegal federal failure."
 
I can understand that argument. Letting companies fail, that have failed, weeds the bad out of the system.  
 
However, When Lehman went down it nearly started a panic. . this is from the economist:
 
"Investors yanked $400 billion from money-market funds.The run was halted by a government pledge to guarantee money funds’ par value."
 
It also destroyed a lot of confidence in the market. I get what you are saying, and there are really sound economic arguments for letting banks fail. But I think the cost would be brutal if we did. we are near 10% unemployment now. I think it would b a lot higher, if those banks and even AIG went under.
April 2, 2009, 12:35:37 AM EDT – Like – Reply


Cecelia
I'm not OK with giving my money to failed private enterprises and I'm NOK with federalizing private companies. Sink or float, those are the options in a successful capitalistic, Darwinistic society. Bush and Obama are one and the same in this illegal federal failure.
Fox Fan | Homepage | 04.01.09 - 11:44 pm | #  
 
We don't live in a Darwinistic society and the country has never been one.
 
I don't know what the rule would look like to measure that "success".
April 2, 2009, 12:48:23 AM EDT – Like – Reply


Fox Fan
"we are near 10% unemployment now. I think it would b a lot higher, if those banks and even AIG went under."
 
Same rule should apply to people. Sink or float, people have been living beyond their means at all ends of the economic spectrum and have come to expect that the standard of living they want will be provided by the gov't if they fail to provide it for themselves. I don't know what happened to self-reliance and endurance of hardship and the will to make something out of one's self in this country. Food stamps and Cadillacs somehow go hand in hand across the nation. How???
 
"We don't live in a Darwinistic society and the country has never been one."
 
Tell that to the 50% of businesses that fail in their first year.
April 2, 2009, 10:12:56 AM EDT – Like – Reply


Cecelia
Tell that to the 50% of businesses that fail in their first year.
Fox Fan | Homepage | 04.02.09 - 10:17 am | #  
 
To say we've never operated with anything approaching liassez faire capitalism, isn't to say that we don't have capitalism.
April 2, 2009, 10:53:02 AM EDT – Like – Reply