[Rhodes22-list] Andrew, Elle & Herb, comments on your posts.

[Tootle]

Andrew,

I am sorry about your loss of being able to use credit to conduct your
business.  Actually, use of credit has little to do with capitalism but
rather economics Keynesianism and manipulated market theory. 

Understand the biggest single cause of the current economic ‘Bubble’
bursting was the manipulation of mortgage market by National Democrats,
specifically Sen. Dodd of Connecticut and Barney Frank of Massachusetts. 
These two induced Fanny Mae and Freddie Mac to push mortgages without
historical safeguards.  

Specifically they pushed giving mortgages without sufficient down payments
to assist mortgage lenders in recovering from default and pushed giving
mortgages with balloon payments to those who would not be able to meet the
ballooning payment.  Read the information available and you will find that
the Bush administration requested better oversight and stricter lending
requirement.  Those two National Democrats and their associates hindered or
stopped better control.  That is a big part of the current credit crises.

This as Stan would say, according to Cindy Spitzer, was a ‘Bubble’.  The
bursting of this bubble crippled the historically reliable mortgage market
by making all mortgages credit suspect.  This included all the packages of
credit made from those mortgages.  

This has ‘mortally’ harmed the credit industry.  This has harmed not only
getting credit but those who historically have used it to smooth contact
payments out to pay routine business expenses. This harm caused by Fanny Mae
and Freddie Mac will last 50 years or more.  Thank those in the U. S.
Congress who wanted to use the credit industry to finance social aims. 
Thank you for supporting those candidates.

So how is above this any different from Obama’s other ‘Progressive Goals?’ 
Unfortunately, those who understand economics understand the problems that
an Obama administration will have and cause.  Maybe the stock market will
stabilize?  However, the harm inflicted on U. S. credit will linger.  

I am sorry that this will cause you great personal harm.  What were Warren
Buffett’s remarks the other day about future inflation and devaluation of
the U. S dollar?  Thank Barney and Chris and fellow travelers, and your
support of those policies and the policies advocates.
 
Elle said, “Educators haven't 'turned over' discipline; it has been ripped
out of their control by laws and regulations and lawsuits.”  Yes thank
plaintiff’s attorneys for over zealous advocacy of minor issues and nominal
harms.  We have at least one of those guys, on this forum.  Actually, we
have several but they lay low least they hear about their activities.

Herb said, “At the same time, if we as parents were more involved in the
educational process of our children, most of us would be surprised at
exactly what we can do. However, in the relative vacuum of parental
involvement, the bureaucracies have thrived like a fungus, and we've ended
up where we are now.”  

The simple truth is not all parents have time to be involved.  When both
parents work, as is needed in today’s times to make ends meet, they do not
have time to attend PTA and other activities.  

Discipline was integral when I attended school.  It has been hamstrung by
bureaucracies and sociopaths and those wanting schools to develop socially
conscious students.  Just read about the themes advocated by Obama’s friend
Bill Ayers.  He disregards schools to build basic math and communication
skills for social purposes. Yet, we have so many who follow the sheep
herder…

Ed K
 




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