glenn beck

[Shady]

Yes, but Smith differed sharply from fundamentalists like Hayek and Friedman, in that Smith warned about the potential overweening power of gigantic corporations (a prescient warning), and also bemoaned the untrammelled greed of what he termed "the Masters of Mankind," who were not to be trusted. He was speaking specifically of the Business-Wealthy.

So what?

Did anyone warn us about the government hand? That takes higher lending standards, and lowers them, in an attempt to allow the poor and disadvantaged access to mortagages? Cause that's the problem here. Not the so-called free market.

[Shady]

You can call the market many things. But when governments pressure banks to lend to people they wouldn't otherwise qualify. That ain't free.

[Jack Weber]

So what?

Did anyone warn us about the government hand? That takes higher lending standards, and lowers them, in an attempt to allow the poor and disadvantaged access to mortagages? Cause that's the problem here. Not the so-called free market.

Again,so you're advocating for a market system,free of any government regulation or interference,as it relates to mortgages and who qualifies?

Because if you do,you seem to be falling in line with folks like Hayek...

[Shady]

Again,so you're advocating for a market system,free of any government regulation or interference,as it relates to mortgages and who qualifies?

No, I'm not advocating for that. What I'm saying is that your assertion of so-called laissez-faire capitalism being the cause of the recession is completely and utterly wrong. Government intervention was the primary cause. I have no problem with government oversight, but government manipulation is an entirely different matter. Especially when it distorts markets and causes problems like we've seen.

[bloodyminded]

So what?

Did anyone warn us about the government hand? That takes higher lending standards, and lowers them, in an attempt to allow the poor and disadvantaged access to mortagages? Cause that's the problem here. Not the so-called free market.

The Government works primarily FOR the Business class. When wealthy elite Businessman complain about the governemnt, they are essentially whining that they aren't getting enough help; they're not whining about government intervention, they're demanding more of it.

[Jack Weber]

No, I'm not advocating for that. What I'm saying is that your assertion of so-called laissez-faire capitalism being the cause of the recession is completely and utterly wrong. Government intervention was the primary cause. I have no problem with government oversight, but government manipulation is an entirely different matter. Especially when it distorts markets and causes problems like we've seen.

Government intervention was the cause of personal and corporate debt?

Government intervention is the reason for credit default swaps?

Governnment intervention took down Bear-Sterns?

Government intervention caused the credit crisis?

Don't think so...That's nothing more than unbridled greed and a "shady" unregulated market.That's Hayek thinking to a Tee because there was no regulatory intervention at all into that "market"...

[lictor616]

Government intervention was the cause of personal and corporate debt?

Government intervention is the reason for credit default swaps?

Governnment intervention took down Bear-Sterns?

Government intervention caused the credit crisis?

Don't think so...That's nothing more than unbridled greed and a "shady" unregulated market.That's Hayek thinking to a Tee because there was no regulatory intervention at all into that "market"...

Government printing of money and deficit borrowing was a huge factor in the credit sector debacle,

Fanny Mae and Freddy Mac for all practical purposes created the subprime catastrophe with its reckless loaning policies coming from the Clinton administration drastically increasing financing for low-income areas or moderate-income regions with high minority populations with $2.25 billion lines of credit available each 4 years with the U.S. Treasury. These special pipelines gave the institutions an implied federal guarantee available to no other private sector competitors in the mortgage market... how's that for government intervention?

its insane that you didnt pick up on this.

[Shady]

Government intervention was the cause of personal and corporate debt?

Bad mortgages. Yes.

Government intervention is the reason for credit default swaps?

Credit default swaps based on bad mortgages

Governnment intervention took down Bear-Sterns?

Yes.

Government intervention caused the credit crisis?

Yes.

Don't think so...

You can not think so all you want. But you're wrong. In fact, Freddie Mac and Fannie Mae, the two government mortgage institutions primarily involved in the problem, are still bleeding hundreds of billions of dollars.

[punked]

So what?

Did anyone warn us about the government hand? That takes higher lending standards, and lowers them, in an attempt to allow the poor and disadvantaged access to mortagages? Cause that's the problem here. Not the so-called free market.

Again Shady that is not what happened. No one in the world outside of right wing talking points thinks that is what happened. So keep repeating it but that will never make it true.

[Jack Weber]

Again Shady that is not what happened. No one in the world outside of right wing talking points thinks that is what happened. So keep repeating it but that will never make it true.

But hey...He's got everyone's favourite axeman on his side!!!

[Shady]

Again Shady that is not what happened. No one in the world outside of right wing talking points thinks that is what happened. So keep repeating it but that will never make it true.

It absolutely IS what happened. Enjoy reading some facts.

From 1999, The New York Times:

Fannie Mae Eases Credit To Aid Mortgage Lending

WASHINGTON, Sept. 29— In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.

By expanding the type of loans that it will buy, Fannie Mae is hoping to spur banks to make more loans to people with less-than-stellar credit ratings

NYT

Well, I'd consider their objectives a complete success. They hoped to make it nation wide. Check. They hoped to spur banks to make more loans to people with less than steller credit. Check. They hoped to create a giant housing bubble that would come crashing down once interest rates began to rise. Check....er...wait.

Great job government. You rock!

[Jack Weber]

More Beck lucidity on display...

I wish this was the whole thing because I saw it and it was as hilarious as the Lewis Black exposé on his paranoia.

Edited June 1, 2010 by Jack Weber

[Smallc]

I heart the Daily Show.

[Shady]

I still love Jon Stewart's mocking of Keith Olbermann the best.

http://www.youtube.com/watch?v=0ZylQXm-vis

See, I'd take you Beck haters a little more seriously if you showed at least a little similar outrage over some of the idiotic things KO says. But alas. You don't. KO can say the most outrageous things, yet nary a peep out of Hardner et al. Now, him, and others will of course, after the fact claim that they are equally outraged at some of his behavior as well. But actions speak louder than words my friends. Actions speak louder than words. And your actions are hypocritical, and insufficient. Sir. Or Sirs!

[Jack Weber]

I still love Jon Stewart's mocking of Keith Olbermann the best.

http://www.youtube.com/watch?v=0ZylQXm-vis

See, I'd take you Beck haters a little more seriously if you showed at least a little similar outrage over some of the idiotic things KO says. But alas. You don't. KO can say the most outrageous things, yet nary a peep out of Hardner et al. Now, him, and others will of course, after the fact claim that they are equally outraged at some of his behavior as well. But actions speak louder than words my friends. Actions speak louder than words. And your actions are hypocritical, and insufficient. Sir. Or Sirs!

I saw it months ago....

I thought it was spot on.

Olbermann went way over the top on Scott Brown and made a fool of himself...

But this is a Glenn Beck thread....

[Michael Hardner]

See, I'd take you Beck haters a little more seriously if you showed at least a little similar outrage over some of the idiotic things KO says. But alas. You don't. KO can say the most outrageous things, yet nary a peep out of Hardner et al. Now, him, and others will of course, after the fact claim that they are equally outraged at some of his behavior as well. But actions speak louder than words my friends. Actions speak louder than words. And your actions are hypocritical, and insufficient. Sir. Or Sirs!

Yes, he's outrageous and he says stupid things that I give a thumbs-down. If somebody starts a post on him, or posts something we can comment on it.

I'm not equally outraged. I have seen one clip where he said something stupid. When I turn on the Beck show, it's always stupid. Also, and this is important, Beck is several times more influential than KO.

If my actions are hypocritical, let the record show that I condemned a liberal. Are you going to condemn Beck for his stupidity and outrageous claims ?

Let's see.

Edited June 1, 2010 by Michael Hardner

[bloodyminded]

More Beck lucidity on display...

I wish this was the whole thing because I saw it and it was as hilarious as the Lewis Black exposé on his paranoia.

It's hilarious. A beautiful takedown of a polemical charlatan.

[bloodyminded]

I still love Jon Stewart's mocking of Keith Olbermann the best.

http://www.youtube.com/watch?v=0ZylQXm-vis

See, I'd take you Beck haters a little more seriously if you showed at least a little similar outrage over some of the idiotic things KO says. But alas. You don't. KO can say the most outrageous things, yet nary a peep out of Hardner et al. Now, him, and others will of course, after the fact claim that they are equally outraged at some of his behavior as well. But actions speak louder than words my friends. Actions speak louder than words. And your actions are hypocritical, and insufficient. Sir. Or Sirs!

In my view, Shady, Olbermann is an idiot. Olbermann, who railed for months against the bush administration's domestic spying policy...had a sudden change of heart when Obama continued this policy. This is the very definition of the partisan hypocrite, matched only by Palin's outrage at the word "retard" unless the Great One was using it, after which she became frightened and silent as a chastised little girl.

So yes, Olbermann rather sucks.

And so does Glenn Beck. In fact, Beck is immeasureably worse.

Watch the Stewart piece, and the Black piece. They skewer that weepy little reactionary Beck good and proper.

[Michael Hardner]

So yes, Olbermann rather sucks.

Another objective poster gives thumbs-down to both KO and GB.

Will Shady follow suit ?

[punked]

It absolutely IS what happened. Enjoy reading some facts.

From 1999, The New York Times:

Well, I'd consider their objectives a complete success. They hoped to make it nation wide. Check. They hoped to spur banks to make more loans to people with less than steller credit. Check. They hoped to create a giant housing bubble that would come crashing down once interest rates began to rise. Check....er...wait.

Great job government. You rock!

Again Shady no one said it didn't happen, however it being the cause of the economic collapse is just plan wrong. Just as if you said "Man landing on the Moon is why the Economy went to shit" I would say you are being stupid. In doing so Shady I am not saying Man didn't land on the moon, what I am saying is it isn't why the US is in the position it is today.

So Again I state. "Shady that is not what happened. No one in the world outside of right wing talking points thinks that is what happened. So keep repeating it but that will never make it true." Tough!

[Shady]

When I turn on the Beck show, it's always stupid.

Really? Then you definitely don't watch his show very much. Would you characterize his friday show on African-American founders of the United States as stupid?

[Michael Hardner]

Really? Then you definitely don't watch his show very much. Would you characterize his friday show on African-American founders of the United States as stupid?

Please don't make me watch it. I've seen it like 10 or 12 times plus Daily Show clips.

By the way - did you read my post ? Are you going to give Beck the thumbs-down now that I gave KO mine ?

And by the way, why were you calling me hypocrite.

[Shady]

Please don't make me watch it.

I'm not asking you to watch it. But do you consider it stupid? And how could you watch Daily Show clips? The show aired on Friday. Monday was Memorial Day. There hasn't been a new Daily Show since last Thrusday. Do you have a time machine?

[Michael Hardner]

I'm not asking you to watch it. But do you consider it stupid? And how could you watch Daily Show clips? The show aired on Friday. Monday was Memorial Day. There hasn't been a new Daily Show since last Thrusday. Do you have a time machine?

How can I consider it stupid if I don't watch it ?

[Michael Hardner]

What about my challenge to you ? Are you going to dismiss Beck for his repeated stupidity and insane rantings or do they comfort you ? Or is there another option ?