Arrogance Beyond Belief

[AndyMarquisLIVE (Premo)]

Originally Posted by PulseStart

Thomas Sowell
...

"One of the biggest problems with government intervention in the economy is that politicians usually have neither the knowledge nor the incentives to intervene at the right time. Bruce Bartlett has pointed out that most government intervention in an economic downturn comes too late. That is, the problem it is trying to solve has already worked itself out and the government intervention can create new problems. More fundamentally, markets readjust themselves for a reason. That reason is that people pay a price for their misjudgments and mistakes. Government interventions are usually based on trying to stop them from having to pay that price. People who went way out on a limb to buy a house that they could not afford are now being pictured as victims of a heartless market or deceptive lenders. Just a few years ago, people who went out on that limb made money big-time in a skyrocketing housing market. But now that they have been caught in the ups and downs that markets have gone through for centuries, the government is supposed to bail them out. Solving short-run problems, especially in an election year, often means creating long-run problems. Pumping money into the economy can help many problems. But do not be surprised if it also leads to inflationary pressures and financial repercussions around the world." - Thomas Sowell

[cwo_ghwebb]

Originally Posted by AndyMarquisLIVE

"One of the biggest problems with government intervention in the economy is that politicians usually have neither the knowledge nor the incentives to intervene at the right time. Bruce Bartlett has pointed out that most government intervention in an economic downturn comes too late. That is, the problem it is trying to solve has already worked itself out and the government intervention can create new problems. More fundamentally, markets readjust themselves for a reason. That reason is that people pay a price for their misjudgments and mistakes. Government interventions are usually based on trying to stop them from having to pay that price. People who went way out on a limb to buy a house that they could not afford are now being pictured as victims of a heartless market or deceptive lenders. Just a few years ago, people who went out on that limb made money big-time in a skyrocketing housing market. But now that they have been caught in the ups and downs that markets have gone through for centuries, the government is supposed to bail them out. Solving short-run problems, especially in an election year, often means creating long-run problems. Pumping money into the economy can help many problems. But do not be surprised if it also leads to inflationary pressures and financial repercussions around the world." - Thomas Sowell

I agree with this paragraph. Why should taxpayers be forced to subsidize the 2% of speculators that got caught up in housing speculation and now can't afford their investment?

[chernmax]

Originally Posted by Fishn Guy

I'm voting Obama and I praise the people who do....

Did you know, that when I was a lowly 3rd class in the navy, my CSO packed our Combat Systems department up on the destroyer I was stationed on and took em all down and ordered them to vote for Bush?
Man, if that aint democracy at work... I don't know what is.....

Sounds like as a 3rd class you were an idiot and may not have improved if you think NObama is the answer!!!

Hope you're no longer in the military, because if you are you can look forward to NObama's defense plan!!!

[chernmax]

Originally Posted by cwo_ghwebb

Obama's new podium seal.

When the Obama logo and presidential seal collide

Notice no "E Pluribus Unum"? What's the next thing Soros will think of for this joker?


Comments are funny from the socialists. Oh, we should be talking about issues! Hell, I read the Marx Manifesto in elementary school, I know his positions.

Have George Bush check out the White House back window, I think I saw NObama's moving van parked outside!!!

[Bann (Premo)]

Originally Posted by chernmax

Have George Bush check out the White House back window, I think I saw NObama's moving van parked outside!!!

And yesterday comes the word from down on high -

Obama campaign drops seal on podium - Examiner.com

[cwo_ghwebb]

Originally Posted by Bann

And yesterday comes the word from down on high -

Obama campaign drops seal on podium - Examiner.com

Even Obama finally realized it was arrogant. Well, I never said he couldn't change his mind.

[Bann (Premo)]

Originally Posted by cwo_ghwebb

Even Obama finally realized it was arrogant. Well, I never said he couldn't change his mind.

Only because they got so much flack for it!!

[cwo_ghwebb]

Originally Posted by Bann

Only because they got so much flack for it!!

It was a bit silly not waiting to get the nomination, not waiting for the election or not waiting for the inauguration.