The View From 1776

Federal Intervention Always Has Negative Results

The only question is how serious will be the economic distortions resulting from well-intentioned meddling by socialistic planners.

Posted by .(JavaScript must be enabled to view this email address) on 03/20 at 01:27 AM
  1. It's funny, but the intervention seen recently was called for by conservative types.

    And here is the hypocrisy and the rub, that conservative believe in the free market, without government intervention, until things go wrong for them. Then they demand a bailout, like that of Bear Stearns. Bankruptcy, instead, would have locked up the assets of many conservatives.
    Posted by .(JavaScript must be enabled to view this email address)  on  03/20  at  02:34 PM
  2. Not true. There is a difference between Repblican political-types and conserving '76 Conservation types. Of course, we understand. You can't tell the difference. It takes values perception - which you repeatedly confess a lack. Again.

    The obvious fact is that whether it is a private or a government source, collectivist-socialistic solutions will not solve problems produced by collectivist-socialistic non-value systems. Same-o same-o.

    Where is the Leftist pragmatism you adore; the Wednesday Afternoon Quarterbacking? Huh? We hear your usual duh articulated with hot-air verbosity.

    Your worship of humanism cannot source progress or solution. Back to the socialistic drawing board...
    Cartoon funny papers? Yeah.

    Every IQ Test is a test of one's ability to make choices. Every choice is an IQ Test. duh score____

    semper fidelis
    vincit veritas
    Posted by Jim Baxter  on  03/22  at  01:00 AM
  3. For once, David
    Posted by .(JavaScript must be enabled to view this email address)  on  03/22  at  12:15 PM
  4. Hypocrisy does not define a Conservative.

    Your encouragement of Airth is misplaced; he needs correction. His selectivity works well in behalf of history's greatest fallacies, collectivism.

    He typically chooses weak individuals to characterize 'the group' of conservators of '76 principle. You defend him at the risk of losing your own validity. But, lacking criteria, that is his socialistic/collectivist device. Unworthy.

    From you, he may likely draw the opinion that he need not correct his distorted opinion. We are obliged to supply a more 'disciplined' accurate viewpoint.

    Right, Bob?

    semper fidelis
    vincit veritas
    Posted by Jim Baxter  on  03/22  at  02:56 PM
  5. Bob has a valid point in that both parties are supporting many things that are bad for the nation and that many in both parties are calling for a bail out.

    There is a variety of reasons behind the calls for bailout.

    For example, Bear Stearns was in a position to cause a global meltdown in trust and a collapse of our entire financial system. While that may be needed to get reform, it will be a tough pill for anyone used to the high standard of living enjoyed in America, to swallow.

    Even with the bail out, we are seeing cities and counties in deep trouble with loans now due to the inability to roll over their lower rate debt that was placed in shorter term bonds. Today, a new article came out on that at Financial Armageddon.
    quote:
    Jefferson County, Ala., has been the hardest hit. This month, it failed to produce an additional $200 million in collateral for its swaps, triggered by recent credit downgrades. Jefferson is negotiating with the banks that sold it the swaps in an effort to prevent them from terminating the contracts and pushing the county toward bankruptcy protection.

    While Jefferson County has been particularly aggressive in swaps, the practice has become increasingly widespread among tax-exempt borrowers. During the past three years, municipalities have entered into more than $500 billion of interest-rate swaps, according to the Swap Financial Group, a South Orange, N.J., advisory firm that specializes in these derivatives.

    "There are more than 100 municipal entities around the country trying to deal with the same problem as Jefferson County, only on a lower magnitude," said Peter Shapiro, a managing director at Swap Financial Group.
    http://www.financialarmageddon.com/2008/03/another-day-ano.html
    =====================
    Some are wanting bailout for self serving purposes but some are actually trying to save average citizens that are caught up in this mess.

    The problem is that it may not work and the need for "more debt" to solve a "debt based problem," intervention is because of intervention from previous problems. For decades we have been intervening in the market and destroying its ability to purge itself. Now, we may face much more of a problem than ever expected and it could last a decade or more.
    Posted by JanPBurr  on  03/22  at  11:59 PM
  6. Bob is right, because he makes a distinction between a Republican Party and Conservative individuals. The collectivist needs no such distinction, since he measures by the group, regardless of how few or how many individuals are involved and referenced.

    A cluttered mind makes a typical collectivist with earned low self-esteem & a following cannabalistic appetite.

    I much prefer an average imperfect Republican to an average imperfect collectivist. On the other hand, I hold them creditable or to blame as individuals.

    In all my 83 years, I have yet to see a group. It is a convenient verbal descriptive; not Reality. Reality is only in individuals.

    If I had been hired to be a collectivist I would have been fired a long long time ago. 20/20

    With RESURRECTION DAY; thanks to The Creator who created individuals & initiated Individual Value. Humans invent 'groups' - often for unsavory reasons. Often, a perception problem.

    semper fidelis
    vincit veritas

    "Collectivism cannot solve problems caused by collectivism." jfb
    Posted by Jim Baxter  on  03/23  at  09:13 AM
  7. Jim,

    Your concern that I encourage David too much is misplaced and suggests I should attack everything he says, even if it should happen to be right. I am not agreeing with David to score points or give him anything not his due, and will not put myself in the position of defending a false proposition just to silence him. In any case, it is ideas, and not who puts them on the table, that should concern us. When you attack the message because you don't happen to like the messenger, you wind up defending bad ideas. Do you really want to give David that advantage?

    Ignoring David doesn't make him go away, he just becomes increasingly uncivil until he gets what he wants - a reaction. On the other hand treat him with courtesy(when warranted) and he responds to that tolerably well.

    Don't let David get to you so much. He really is pretty harmless and, if not for him, we'd soon be stuck for conversation that is not endless head nodding. At least David goads us to answer his many distortions and banalities in ways that crystalize ideas we've been long formulating. In answering him, we get an opportunity to explore ideas we think already obvious; yet may not be so obvious to others. So, he's an irritant that is also an opportunity to expound, to grow, even when he, himself, stubbornly resists growth.

    He's a little obnoxious, I'll admit, but hardly the most obnoxious person we've ever encountered as conservatives. And, he even manages to behave himself now and then.
    Posted by .(JavaScript must be enabled to view this email address)  on  03/25  at  08:50 PM
  8. By my criteria, he has yet to be right about anything.

    Some Republcans are also Conservative. Some Republicans are not. David makes no distinction - he paints with an unintelligent collectivist lumping brush. I will not accept such errors - which are manifold and definitive of all their opinions.

    Too many Americans and Freedom lovers have died opposing just such crap. I will never agree to choose to be casual with such perversion of human value as made in the image of GOD. I am a follower of The Lion of Judah - not Jimmy Carter.

    Where is the 'discipline' you have praised, and rightly criticized teechurs for lacking in the past? I thought you knew that being 'a kissie' doesn't work and is not worthy of manly men.

    semper fidelis
    vincit veritas
    Posted by Jim Baxter  on  03/25  at  09:43 PM
  9. Who cares what his response is, as long as he is mouthing collectivist self-justification? He won't get it here. Good teachers and good parents do not give assent to error in order to be seen as 'civil.' Civility is for worthy citizens, not the mindless and ego-centric ego-needy-socialist collectivist.

    This generation of parents is so easily intimidated into following the onion teechur and his crummy example of tolerance of mediocrity and worse. And then they wonder why their children crash. I don't wonder.

    I suggest we have too many cowards for a single generation. THEY WILL BEAR PART OF THE PERSONAL RESPONSIBILITY RESULTING FROM SPENDING BLOOD- BOUGHT FREEDOM ON PURPOSEFUL HOT-AIR FOOLS LIKE AIRTH.

    Why should he change? Kissie civility? Pul-leeze!

    semper fidelis
    vincit veritas
    Posted by Jim Baxter  on  03/27  at  08:21 PM
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