The Right Side

Notes from a conservative student.

Braking the Banks

Posted by Cullin on September 28, 2008

Of course it has happened again, there was a revertion to the mean in the economy as there should be, and of course the socialists have started crying that the free markets are to blame.  This is how any sort of communist based party has ever risen to power in an actual free election.  Now, we all know that communists and socialists have no problem with rigging elections and murdering their way to the top, but we’re going to pretend those don’t exists right now.

For decades now we have been hearing the same rhetoric from the left about how the free market doesn’t work, because it makes winners and losers.  However, with this socialism based market democrats try to implement, we’re all losers.

The lastest mortgage crisis is the best example of failed government regulation of the economy (as all regulation of the economy is).  During the Carter administration, they tried to put people into houses they simply could not afford.  And, in 1995 during the Clinton administration, they tried even harder.  They put out these laws and government agencies to force loan institutions give subprime loans, causing an artificial rise in house prices, leading to more unaffordable loans and a bubble that would have to burst.  All because of government regulation of the market.  So, what is going to be their answer?  More government intervention.  I’m pretty sure the definition of stupidity is doing the same thing over and over again and expecting a different result every time.

Here’s a wonderful video via Laura Elizabeth about the mortgage sitution and the factors that lead to it.

And, yes, I noticed the spelling of braking, it’s intentional.

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One Response to “Braking the Banks”

  1. jimmy said

    John Cornyn and Kay Bailey Hutchison both voted FOR the bailout last night.

    Today I dropped my support of Sen Cornyn and his re-election to the post of Senator, and I sent the Cornyn campaign and Sen Cornyn himself an email letting them know, it can be read in the thread linked above.

    In a very short time I was contaced by Vincent Harris, wanting my phone number, their campaign manager wanted to talk to me, and I told him NO, I could not, and would not support ANY candidate that voted to bailout $700B, a figure that is still low, actual figures are reported closer to $820B, and that I was pulling their logo from TexasFred’s, The American Conservative and The Texas Connection, and I did.

    Jimmy Kerr of But That’s Just My Opinion posted a message in my comments saying he had done the same thing. Jimmy and I are trying to contact and encourage as many Texas bloggers as possible to contact Vincent and let him know that YOU are doing the same thing as well, lets send Cornyn a HUGE, Texas sized message!

    Please, if you believe that this is a very important issue, PLEASE contact Vincent and tell him that you’re dropping the logo too, and ask to be removed from their blog roll, no LINK is that important, request that your blog be taken OFF of their roll…

    Contact Vincent here:
    vincent@johncornyn.com
    http://www.johncornyn.com

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