Forum Post: Truth
Posted 13 years ago on Nov. 14, 2011, 9:51 p.m. EST by frontierteg
(137)
from Kalamazoo Township, MI
This content is user submitted and not an official statement
We have a great country.
Our poor are the richest poor on the planet.
Our current economic problems are the result of; 1) The government forcing banks to give loans to people who could not afford them. This was so everyone would be able to own a home. 2) The people who couldn't afford the loans actually taking the loans because they were too stupid to realize they couldn't pay it back because they figured the bank wouldn't loan them money if they couldn't pay it back. 3) The investment arm of the banks that took the toxic loans and sold them as AAA investments so they could get more money to loan to more people so everyone could purchase a home.
For a couple years, everyone owned a home. And when the balloon came due, the bubble popped and here we are.
We are here BECAUSE the government tried to make things better for poor people. Instead of just letting poor people have what they could afford, the government said "no one in a country as great as ours should be left behind" and look where it got us. We have millions of talented people out of college without jobs.
Government meddling in the economy causes problems. Our last 3 growth periods came 1) While Regan was President and DEMOCRATS controlled the Congress. 2) While Clinton was President and REPUBLICANS controlled the Congress. 3) Now that Obama is President and REPUBLICANS control congress.
GRIDLOCK!!! When the government can't meddle, the economy has time to adjust to all the sweeping reforms that came from a non-gridlocked administration.
We don't need more change. We need more time and less change. Elect Obama and make sure the republicans continue controlling Congress, or vice versa, doesn't matter. GRIDLOCK them and everything will be better soon.
Elizabeth Warren, the Coming Collapse of the Middle Class:
http://www.youtube.com/watch?v=akVL7QY0S8A
THat's worth watching!
Dare.
Actually, I agree with you on this. I like the gridlock idea, yet I especially like when both are in control so there is a form of checks and balances on both parties.
And I agree with you on the cause of the economic condition,. I remember Clinton talking about how owning a home makes people better citizens. People don't steal from their neighbor. And the predatory lending tactics that lead to lowered interest rates.
For 20+ out of the last 30 years it's been the republicans screwing things up. That's a fact Jack.
Know why RP can't get any air time? Reagan dismantled the Fairness Act. LOL
What's the real problem today? Republican GRIDLOCK!
So stow it.
Occupy wallstreet!
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Kudos. Best post I've read on this site.
Thank you
For decades now the corporations and special interests have had our "representatives" bought and paid for. We need to get the money out of our politics. Until we end the current system of legalized bribery (campaign donations) and paid lobbying our politicians will continue to be the lap dogs of the corporations and special interests. What we need first and foremost is real, loop-hole free CAMPAIGN FINANCE REFORM!!!! If the corruption is not dealt with first, the chance of any other meaningful reforms becoming a reality is almost zero - the special interests will just use their money to buy votes and put forward bills that create loop-holes or otherwise twist the law in their favor. If we want our children to live in a country where there vote matters, we need to get the money out of our politics, otherwise they will increasingly become the 21st century version of the "landless peasant." Spread the word - CAMPAIGN FINANCE REFORM needs to be THE main goal of the protests.
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To realize all that is true, but caused by the fact that congress has been violating the constitution for 100 years, violating Americans first and last constitutional right, Article V, the right to have congress convene state delegates for proposal of amendments to the constitution is to use our last right, so we have any at all.
One man sued all members of congress and learned how bad it is. Lots of good resource links and quotes.
http://algoxy.com/poly/article_v_convention.html
Real strategy based in defense of the constitution by use of the constitution.
http://algoxy.com/ows/strategyofamerica.html
He hasn't won and like he said, 33 times has the Congress ignored Article V. What is the likelihood they will pay attention this time?
If you are right, and no one pays attention to the fact that congress is unconstitutional in a manner that leads to the constitutions demise, does that help defend the constitution? If so, how?--
And is defense of the constitution your intent?
I would love the Constitution to be enforced on Congress. But we've a system in which Congress is the only ones that are able to police Congress. I don't know why they keep ignoring article V but I do know that they ignore it. I thought the idea was to work with Congress to get some legislation passed, not to try and "Take on Congress".
Originally, your perceptions were good. People are misinformed by internet authority that is controlled by congresional intent. Not good with relation to the constitution. wiki for example.
*http://en.wikipedia.org/wiki/Convention_to_propose_amendments_to_the_United_States_Constitution
Congress has the power to choose between two methods of ratification: ratification by the state legislatures, or instead ratification by state conventions called for that purpose. In contrast to those separate state ratification conventions, a convention to propose amendments to the United States Constitution would be a single federal convention.END-
Congress does not have that power, wiki misinterprets and I'm sure they do so intentionally.
Article. V.
The Congress, whenever two thirds of both Houses shall deem it necessary, shall propose Amendments to this Constitution, or, on the Application of the Legislatures of two thirds of the several States, shall call a Convention for proposing Amendments, which, in either Case, shall be valid to all Intents and Purposes, as Part of this Constitution, when ratified by the Legislatures of three fourths of the several States, or by Conventions in three fourths thereof, as the one or the other Mode of Ratification may be proposed by the Congress; Provided that no Amendment which may be made prior to the Year One thousand eight hundred and eight shall in any Manner affect the first and fourth Clauses in the Ninth Section of the first Article; and that no State, without its Consent, shall be deprived of its equal Suffrage in the Senate.-------
Article v says this,
----Mode of Ratification may be proposed by the Congress;----
Meaning IF the states do not choose to ratify. If the states so choose, then congress has no say.
Now I have to go back and look at it differently. Thanks for the info.
You lost me at "The government forcing banks to give loans..." nobody forced anybody to do anything. Greed, dishonesty, corruption, they all do alright without any prodding.
It was called the "Community Reinvestment Act". http://en.wikipedia.org/wiki/Community_Reinvestment_Act
it doesn't force anybody, it allowed corrupt mortgage brokers to push bad loans on stupid people
If you read it, and the regulations implementing it, you would see that it requires the government to classify all banks on a 1-4 scale. Those giving people who can't afford loans get the good grade of 4. Those that don't, get the bad grade of 1. Those grades are public knowledge and some banks tried to not give the loans, but were lambasted by the media as horrible, ruthless, uncaring, .... see what I mean? So yes, they were not actually forced by the government, but the published scale made any bank that didn't comply look like they were evil, and small banks don't have the money to fight CNN, MSNBC and the rest who are out to make them look evil.
I don't think the media is evil, but I do think they need to wise up to the government playing them.
I don't know. I actually used to agree completely.. but lately, I don't really see economic growth as a desirable state or sustainable model.
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