Libertarians challenge 89 TARP-supporting incumbents in Congress

your comment is pathetic,..you could have easily said voting democrat or republican is throwing away a vote since they are the 2 parties that put our country in this mess, and do so over and over again.
I am not libertarian,..
but everyone has their right to vote for who they choose no matter what their party stands for.

Libertarian actually seems like the only logical choice.

Conceding to a 2 party system is what's pathetic. You keep choosing Pepsi over Coke while you pay interest and punch a clock.

was that you justineforall?

copycat. motivateddropout shut you down with this video. way to fail

lets think about this. you just posted this an hour ago.

so it was you, JimJones!

I think you should post more videos

"take me to your leader?"

Not do anything?!? That is the problem, the system is built for acting like it will do something but it won't.

We need to end the tyranny! Not continue the status quo corporate cronyism.

When the hell did I say we needed to do nothing? We need to work towards ending the corruption through enabling free markets.

That way we can also end the oligopolized industries that rule the world today and allow more competition in the market.

so i guess your not privileged?

totalitarian maybe?

Say we do that. Are we then going back to the days when 3/4s of Americans lived on small farms? Free markets? When was there ever free markets?

I've always said we've never had free markets.

Going back to free markets? I don't want to go back to anything.

I want to move forward to Freedom, not remain in statism.

ever see that movie "Into the wild"? its about a kid that is real smart. after graduating from college, he decided to ................

are you a dead parrot?

Weren't the people that predicted the depression the same people who
1. Passed laws or supported policies that led to the crises such as FED by low interest rates, Ensured mortgages by fannie mae and freddie mac increased real estate purchases by those with low credit HUD encouraged the use of derivatives Glass-Steagall Act lowering of the margin requirements ect.
2. Where completely unaware we were in trouble until the crises blew up int their faces thinking until the end that in our economy "The fundamentals are strong", ect.
3. And finally applied a cure that didn't work. Didn't allow highly inflated housing prices to readjust, didn't allow bad businesses to go under and their resources redistributed, ect.( btw The way they determine the jobs they saved and created is to divide the amount spent on job creation by the average salary of a worker. If you cant' see how utterly ridiculous this is... I'll pray for you.)

These are the guys you are relying on for their prognostications of a depression? The same ones that both caused the crises, where unaware of the crises and made the crises worse? Really? You are going to take the words of people with ungodly bad track records of predictions in the economy that they averted a depression while ignoring the guys that both predicted the crises, the reasons for the crises, and most importantly put their money where their mouth was and profited greatly during the crises? Seriously?

Phil Gramm was behind the repeal of the Glass Steagall Act and the Futures and Securities Modernization act of 2000 which basically deregulated derivatives. George Bush publicly encouraged an additional 3.5 million sub prime loans be made. Bush also ordered the attorney general to go to court to argue the Federal banking laws preempted state laws to prevent 16 state attorney generals to enforce predatory banking regulations against mortgage lenders. Bush was also created the TARP. The President also names the heads of Fannie Mae and Freddie Mac so if they were engaged in any action that he didnt approve of could theoretically fire them and put someone who in there who would. i like to read Paul Krugman and Matt Taibbi they are frequently correct and they make it very easy to follow.

Those who seemed the most clueless leading up to and during the crises, essentially not predicting anything correctly. predicted a depression and proposed a bailout. Now people constantly say we had to do it or we would have had a depression based upon the predictions of people who's historical accuracy is demonstrably questionable to say the least.

I love the deregulation argument because it basically states that by making what was already happening easier it somehow caused the crises. The derivitives market was doing quite well before the Glass Steagall Act was modified or the Futures and Securities Modernization act was adopted. What I don't like is that they lowered the margin requirement for banks holding to 40% for derivatives essentially allowing, and incentivising, banks to leverage their capital by a further 150%.

This wasn't deregulation. This was incentivising the very behavior we saw. I wasn't a deregulation it was a social engineering project gone horribly wrong. Lets lower interest rates to increase lending, lets create entities to ensure mortgages, reduce risk and increase liquidity, lets push housing onto those with poor credit and no money. All of these policies SUCCEEDED. This had about zero to do with the free market. There was nothing free about the interest rate, freddie or fannie, HUD, regulations that forced or strongly incentivised lending to those with poor credit, and implicitly ensuring risky investments, bailing out freddie or fannie for accounting fraud that made Enron look like paragons of integrity. This was all intervention. And the worst part is that the implicit guaranty is now demonstrably true with TARP. This was Corporatism pure and simple.

Well said. It amuses me to listen to people who whole heartedly believe that all of this was Frank and Dodd's doing at the behest of the Democrats. Not that those weasels werent feeding at the trough but this had wall streets finger prints all over it. Even Clinton admitted he made a huge mistake signing the futures and securities modernization act into law.

i noticed you voted Mike's story up around the same time i did.

i miss those five pound blocks of cheese ~

".......GEE, the MoNeY's..... REALLY Great!"

Sounds like you need a Pepsi

Who's the John Wayne troll?

is that you Palmdale?

XD

:)

1^d

Who just dinged on the king?

We need you to post some more videos. There aren't enough videos posted here!

@ Mike Shanklin,

your not a dead parrot are you?