[Rhodes22-list] Politics - Interesting Perspective - a reply

[Andrew Collins]

Ed

You're kidding I hope. That was the thickest accent I could manage in
written English. The only regret is that instead of 'vorse' it should
have been 'wurst' . I gotta pay more attention.

A



On Fri, Oct 17, 2008 at 10:49 AM, Tootle <ekroposki at charter.net> wrote:

>
> Paul,
> Thank you for both your posts.  The article by the lady from Harvard is
> unfortunately obviously bias and not very deep or demostrate economic
> understanding.  However, we must applaude her for being half correct.  It
> is
> better than many even from a lefty.
>
> Your post will sure piss off Peter L, Ben C, Stan S, Rummy et al.
>
> Ed K
> Greenville, SC, USA
> Hey Andrew, another attachment, mine is translated to English:
> http://www.nabble.com/file/p20034820/getting%2Ban%2BMBA.jpg
> getting+an+MBA.jpg
>
>
>
>
>
> pdgrand wrote:
> >
> >
> > About Linda Monk
> >
> > Linda R. Monk, J.D., is a constitutional scholar, journalist, and
> > nationally award-winning author. A graduate of Harvard Law School, she
> > twice received the American Bar Association's Silv er Gavel Award, its
> > highest honor for law-related media. Her books include The Words We Live
> > By: Your Annotated Guide to the Constitution, Ordinary Americans: U.S.
> > History Through the Eyes of Everyday People,</ SPAN>  < /I>and The Bill
> of
> > Rights: A User's Guide. For more than 20 years, Ms. Monk has written
> > commentary for newspapers nationwide, including the New York Times,
> > Washington Post, Los Angeles Times, and Chicago Tribune
> >
> >
> >
> >
> >
> > THE PARTY'S OVER
> >
> > By Linda Monk
> >
> >
> >
> > The Crash of 2008, which is now wiping out trillions of dollars of our
> > people's wealth, is, like the Crash of 1929, likely to mark the end of
> one
> > era and the onset of another.The new era will see a more sober and much
> > diminished America. The "Omnipower" and "Indispensable Nation" we heard
> > about in all the hubris and braggadocio following our Cold War victory is
> > history. Seizing on the crisis, the left says we are witnessing the
> > failure of market economics , a failure of conservatism.
> >
> > This is nonsense.
> >
> >
> >
> > What we are witnessing is the collapse of Gordon Gecko ("Greed Is Good!")
> > capitalism.
> >
> > What we are witnessing is what happens to a prodigal nation that ignores
> > history, and forgets and abandons the philosophy and principles that
>  made
> > it great.  A true conservative (Rep or Dem) cherishes prudence and
> > believes in fiscal responsibility, balanced budgets and a self-reliant
> > republic.
> >
> >
> >
> > He believes in saving for retirement and a rainy day, in deferred
> > gratification, in not buying on credit what you cannot afford, in living
> > within your means.
> >
> > Is that really what got Wall Street and us into this mess -- that we
> > followed too religiously the gospel of Robert Taft and Russell Kirk?
> >
> > "Government must save us!" cries the left, as ever.
> >
> > Yet, who got us into this mess if not the government -- the Fed with its
> > easy money, Bush with his profligate spending, and Congress and the SEC
> by
> > liberating Wall Street and failing to step in and stop the drunken orgy?
> >
> > For years, we Americans have spent more than we earned.
> >
> > We save nothing.
> >
> > Credit card debt, consumer debt, auto debt, mortgage debt, corporate debt
> > -- all are at record levels.
> >
> > And with pensions and savings being wiped out, much of that debt will
> > never be repaid.
> >
> > Our standard of living is inevitably going to fall.
> >
> > For foreigners will not forever buy our bonds or lend us more money if
> > they rightly fear that they will be paid back, if at all, in cheaper
> > dollars.
> >
> > We are going to have to learn to live again within our means.
> >
> > THE PARTY'S OVER!
> >
> > Up through World War II, we followed the Hamiltonian idea that America
> > must remain economically independent of the world in order to remain
> > politically independent.
> >
> > But this generation decided that was yesterday's bromide and we must
> march
> > bravely forward into a Global Economy, where we all depend on one
> another.
> >
> > American companies morphed into "Global Companies" and moved plants and
> > factories to Mexico, Asia, China& lt; /SPAN> and India, and we began
> > buying more cheaply from abroad what we used to make at home: shoes,
> > clothes, bikes, cars, radios, TVs, planes, computers.
> >
> > As the trade deficits began inexorably to rise to 6 percent of GDP, we
> > began vast borrowing from abroad to continue buying from abroad.
> >
> > At home, propelled by tax cuts, war in Iraq and an explosion in social
> > spending, surpluses vanished and deficits reappeared and began to rise.
> >
> >
> >
> > The dollar began to sink, and gold began to soar.
> >
> > Yet, still, the promises of the politicians come.
> >
> > Barack Obama will give us national health insurance and tax cuts for all
> > but that 2 percent of the nation that already carries 50 percent of the
> > federal income tax load.
> >
> > John McCain is going to cut taxes, expand the military, move NATO into
> > Georgia and Ukraine, confront Russia and force Iran to stop enriching
> > uranium or "bomb, bomb, bomb," with Joe Lieberman as wartime consigliore.
> >
> > Who are we kidding?
> >
> > What we are witnessing today is how empires end.
> >
> > The Last Superpower is unable to defend its borders, protect its
> currency,
> > win its wars or balance its budget.
> >
> >
> >
> > Medicare and Social Security are headed for the cliff with unfunded
> > liabilities in the tens of trillions of dollars.
> >
> > What we are witnessing today is nothing less than a Katrina-like failure
> > of government, of our political class, and of democracy itself, casting a
> > cloud over the viability and longevity of the system.
> >
> > Notice who is managing the crisis.
> >
> > Not our elected leaders.
> >
> > Nancy Pelosi says she had nothing to do with it.
> >
> > Congress is paralyzed and heading home.
> >
> > President Bush is nowhere to be seen.
> >
> > Hank Paulson of Goldman Sachs and Ben Bernanke of the Fed chose to bail
> > out Bear Sterns but let Lehman go under.
> >
> > They decided to nationalize Fannie and Freddie at a cost to taxpayers of
> > hundreds of billions, putting the U.S.government behind $5 trillion in
> > mortgages.
> >
> > They decided to buy AIG with $85 billion rather than see the insurance
> > giant sink beneath the waves.
> >
> > An unelected financial elite is now entrusted with the assignment of
> > getting us out of a disaster into which an unelected financial elite
> > plunged the nation.
> >
> >
> >
> > We are just spectators.
> >
> > What the Greatest Generation handed down to us -- the richest, most
> > powerful, most self-sufficient republic in history, with the highest
> > standard of living any nation had ever achieved -- the baby boomers,
> > oblivious and self-indulgent to the end, have frittered away.
> >
> > ________________________________
> >
> >
> >
> >
> >
> > Added Comments:
> >
> > How do WE THE PEOPLE put the villains who are responsible under oath and
> > sit them down at public hearings to determine whose necks should meet the
> > guillotine?
> >
> > Hypocritically, those who had oversight responsibility  such as Senator
> > Chris Dodd [Chairman of the Senate Banking Committee] and Barney Frank
> > [Chairman, House Financial Services Committee] who helped get us into
> this
> > mess are on every TV channel voicing their righteous indignation and
> > pompously sitting on their elevated platform glaring down at those they
> > are chastising and grilling, trying to pass the blame to others.
> >
> > WE THE PEOPLE should be on the elevated platform in judgment and
> execution
> > of the likes of Chris Dodd, Barney Frank and the rest of the band of
> > thieves and conspirators who are responsible for the financial collapse
> of
> > theUSA.
> >
> > To name just a few of the culprits:
> >
> >           Henry Paulson Jr,  Secretary of the Treasury
> >
> > Alan Greenspan & Ben Bernanke -- Chairman         Federal Reserve
> >
> > Christopher Cox, SEC Chairman.
> >
> > But not to worry -- YOUR PUBLIC SERVANTS who fear being voted out of
> > office will take their self-awarded Golden Parachute Congressional
> > Retirement, give WE THE PEOPLE the finger one last time and head for
> their
> > safe havens as the World Citizens they are.
> >
> > However, before they waddle off into the sunset, they will go on record
> > one last time denouncing corporate greed, lavish salaries and bonuses for
> > their key felons at Fannie May, Freddie Mac, Lehman Brothers & AIG.
> >
> > Meanwhile, WE THE PEOPLE fiddle while Rome burns and are too lazy and
> > indifferent to vote the scum out of office.
> > -------------- next part --------------
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