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Originally Posted by dalakhani
Miraja-
Please dont mistake my rhetoric for anger and it wasnt my intention. Actually, I find discussions like these many times enriching as long as one can support one's position with "fact" or the closest thing available (now that is broad).
Let me clarify my position on Bush considering that was what led to this and perhaps you can come up with one yourself.
To say that Bush is in all ways "socialist" would be silly. Of course he isnt a complete socialist and i said as much earlier. However, I would dare say that he is the most socialist Republican president in the last 100 years and probably beyond.
You bring up an example of the US postal service. Fine. And you can probably think of a couple of other government ventures along the way that are socialistic in theory as well. But have you seen a Republican president that was THIS SOCIALIST? For Example:
-He committed 200 billion dollars of federal money to rebuild New Orleans after Katrina
-uncountable billions in smart growth
-negoitated a deal where an privately held bank Bank of America bought a privately held mortgage company-countrywide and gave Bank of America a sweetheart favor in exchange.
-negotiated a deal where a privately held bank JP MORGAN CHASE bought a privately held investment bank-Bear Stearns and guaranteed the deal with public funds.
-injected 150 billion dollars of public funds back into the economy with this bogus stimulus package.
-is currently shopping for a buyer for Lehman Brothers
-took over fannie and freddie to the tune of 100 billion each.
And this isnt a socialist administration in many ways?
Lastly, i thought it was especially ironic about you telling me to "get my facts straight" with the mortgage industry considering that i help run a bank and i actually have final say in the paper we portfolio or sell. LOL. For your info, FNMA and FHLMC were Quasi govt agencies. FAnnie was created in 1938 and was converted to a PRIVATE company in 1968 so that it wouldnt appear on the fed budget sheet. It was indeed a PRIVATE company that received ZERO federal dollars or guarantees until last weekend when the fed took over.
The statement that i bolded "it was never truly a private company" is patently false and just flat out wrong. It was a privately held corporation with a board and a ceo and it made PROFIT and gave out disgusting bonuses to its board members. The only real connection to the government was the "implied" guarantee on the conforming paper.
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Blah...blah...blah...get your ass back in the avatar thread you started
