http://blog.heritage.org/2008/09/19/the-left-has-learned-nothing-from-fanniefreddie-failure/ Tue, 14 Feb 2012 22:27:43 +0000 hourly 1 http://wordpress.org/?v=3.3 http://blog.heritage.org/2008/09/19/the-left-has-learned-nothing-from-fanniefreddie-failure/#comment-5690 George Mason Sat, 20 Sep 2008 11:22:42 +0000 http://www.foundry.org/2008/09/19/the-left-has-learned-nothing-from-fanniefreddie-failure/#comment-5690 The US is basically a bankrupt economy. Remember Ross Perot and his utterances. Perot blamed the nation’s economic problems on the government’s inability to contain deficit spending ($350 billion in 1992) and pay off the ever-increasing national debt (a little over $4.1 Trillion in ’92, less than half of what it is now). I am sure the Chinese have trillion USD investments in the US which is salvaging the US economy from total ruin. I am sure Iraq and Afghan war costs (which is deliberately overlooked by the CBO and the biased and unfair US media) are also adding up to the swelling crisis. The capitalist US economy has resorted to socialist principles of nationalization and interventions in the markets to retard the downslide far worse than the Great Depression. You even see the Bush administration trying to deviate the focus away from this financial fiasco by labeling Russia as isolationist and irrelevant which is an irresponsible and dangerous statement from a person who has hardly two months left in her dull fruitless career. The US is basically a bankrupt economy. Remember Ross Perot and his utterances. Perot blamed the nation’s economic problems on the government’s inability to contain deficit spending ($350 billion in 1992) and pay off the ever-increasing national debt (a little over $4.1 Trillion in ’92, less than half of what it is now). I am sure the Chinese have trillion USD investments in the US which is salvaging the US economy from total ruin. I am sure Iraq and Afghan war costs (which is deliberately overlooked by the CBO and the biased and unfair US media) are also adding up to the swelling crisis. The capitalist US economy has resorted to socialist principles of nationalization and interventions in the markets to retard the downslide far worse than the Great Depression. You even see the Bush administration trying to deviate the focus away from this financial fiasco by labeling Russia as isolationist and irrelevant which is an irresponsible and dangerous statement from a person who has hardly two months left in her dull fruitless career.

]]> http://blog.heritage.org/2008/09/19/the-left-has-learned-nothing-from-fanniefreddie-failure/#comment-5668 Morgage Meltdown Basics | The Sundries Shack Sat, 20 Sep 2008 01:42:14 +0000 http://www.foundry.org/2008/09/19/the-left-has-learned-nothing-from-fanniefreddie-failure/#comment-5668 [...] first is a link-heavy rundown of the government takeover of the GSEs, including a comparison of quotes given by a FNMA lobbyist [...] [...] first is a link-heavy rundown of the government takeover of the GSEs, including a comparison of quotes given by a FNMA lobbyist [...]

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