Libs wouldn't recognize the truth if it kicked them in the junk and did hand guns in their face. They are immune to reason and logic and just plain common sense no matter how hard you hit them over the head with it or how gently you try to reason.

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A blazing gem to flare up my posts. The only way I am allowed to, quoting it.

Guess who was covering for Fannie Mae and Freddie Mac in 2004? Hint: it wasn’t Republicans.

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You might be a liberal if.....

You think that consenting adults can engage freely in every activity except capitalism.
If you think the answer to ANY crime, infraction, or injustice is counseling.
If you use the words "right wing extremist" at least four times in any given day.
You live in constant fear that someone, somewhere, is making a profit.

When the people find that they can vote themselves money, that will herald the end of the republic. -Benjamin Franklin

plenty to go around right mr Barney Frank??

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Aint but three things in this world thats worth a solitary dime,
But old dogs and children and watermelon wine.
Tom T. Hall
http://www.politicalforum.com/group.php?groupid=43

Awesome Post. Its hard for the libs to defend against this one!

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Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.

John Adams

http://www.freedomagenda.com/iraq/wmd_quotes.html

How is it that you attack deregulation when the entire subprime mess was caused completely by regulation and government intervention?

Over regulation and government intervention end in economic disaster, and the current crisis is further proof. When will the liberals realize this?

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.

"It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.

--Murray Rothbard

Quote:

Originally Posted by Skinny. A liberal is just a libertarian who hasn't studied economics.

You know what surprises me is the attempt to link Obama to Freddie and Fannie, but the right will not speak on Rick Davis and his firm accepting 15,000 per month up until the bailout! Please someone legitimize this for me without partisan attacks, i really am interested to know the truth.

Furthermore, the funds that Obama recieved from Fredie, Fannie where individuals that donated to his campaign. However, Rick Davis benefited from Fannie and Freddie directly and this should be ok with anyone? Please explain this logic.

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You're not to be so blind with patriotism that you can't face reality. Wrong is wrong, no matter who does it or says it.
-Malcolm X-

Change is in the results, not the people doing the work. A team of engineers can do brilliant things under the right leader, or crash and burn with code that won't even compile under the wrong leader.
-Unknown-

I think the difference is that Rick Davis isn't the one running for President.

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Carolina Politics Online

And yet you've not linked me to the debunking. I have a very open mind & am simply asking to see whatever proof there might be, especially if it would change my mind. I'm always open to changing my mind, but not without proof first. I thank you in advance for your assistance.

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If a man would follow, today, the teachings of the Old Testament, he would be a criminal. If he would follow strictly the teachings of the New, he would be insane.--Robert Green Ingersoll

The aforementioned Gramm-Leach-Bliley Act was about deregulation. It repealed part of the Glass-Steagall Act of 1933 (which established the FDIC and included banking reforms, some of which were designed to control speculation). The GLBA opened up competition among banks, securities companies and insurance companies. The GSA prohibited a bank from offering investment, commercial banking, and insurance services.

The key words are, of course "opened up competition" (which means "deregulated") and "prohibited" (which means "regulated").

The GLBA allowed commercial and investment banks to consolidate. For example, Citibank merged with Travelers Group, an insurance company, and in 1998 formed the conglomerate Citigroup, a corporation combining banking and insurance underwriting services. Other major mergers in the financial sector had already taken place such as the Smith-Barney, Shearson, Primerica and Travelers Insurance Corporation combination in the mid-1990s. This combination, announced in 1993 and finalized in 1994, would have violated the Glass-Steagall Act and the Bank Holding Company Act by combining insurance and securities companies, if not for a temporary waiver process. The law was passed to legalize these mergers on a permanent basis.

In other words, the GLBA was all about deregulating these industries so that such mergers would now be legal. It was the insurance sold on these bundled loans that caused AIG's woes. AIG spent the premiums & didn't have cash on hand when the loans went sour.

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If a man would follow, today, the teachings of the Old Testament, he would be a criminal. If he would follow strictly the teachings of the New, he would be insane.--Robert Green Ingersoll

And yet, is one of McCain's economic campaign advisers. As is the aforementioned Phil Gramm.

What an interesting conundrum for Sean Hannity to explain away tomorrow.

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If a man would follow, today, the teachings of the Old Testament, he would be a criminal. If he would follow strictly the teachings of the New, he would be insane.--Robert Green Ingersoll