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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: TimF who wrote (146941)11/12/2008 7:02:43 PM
From: geode00  Read Replies (1) of 173976
 
For the fourth time (maybe fifth, it's hard to keep track) you keep blaming 'government' for the mess while totally ignoring the fact that the private sector is in the same mess. Remember IndyMac? Where was the GSE portion of IndyMac?

As further evidence of the nonsensical nature of your arguments, Bush the deregulator decider dope has been in office for nearly a decade. Are you saying that right wing Republicans have been pushing Fannie and Freddie in some kind of conspiracy to make loans to benefit the poor? Really?

"15% tax rates for hedge fund managers is an entirely separate issue."

Baloney. It's only a 'separate issue' because you proclaim it as such. The government has always and will always provide incentives for people to do one thing or another. It provides incentives (audits and jail) to you to pay your taxes. So what?

Do you dislike government's taxation of capital at a much lower rate than income? Are you saying that we should eliminate it?

You have quite a simplistic view of this problem. You blame everything on some fantasy you have of the government demanding that Fannie and Freddie make loans to poor people for $500,000 homes they can't afford. If that were the problem, we'd be finished and done long ago.

AIG wouldn't be coming back for a third drink at the taxpayer's trough, Amex wouldn't be asking to be a bank holding company, the car companies wouldn't be demanding a bail out instead of bankruptcy. Do you blame the managers of investment banks, the managers of ratings agencies, the gamblers in hedge funds, the CEOs of corporations for anything?

I didn't think so.
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