Why are Republicans Wrong about Everything?

Search
Go

Discussion Topic

Return to Forum List
Post a Reply
Messages 41021 - 41040 of total 52564 in this topic << First  |  < Previous  |  Show All  |  Next >  |  Last >>
Dr. F.

Big Wall climber
SoCal
Topic Author's Reply - Feb 7, 2013 - 07:21pm PT
Holy smokes
I should have posted this 3 days ago, when it was fresh

Friends of Fraud

By PAUL KRUGMAN

Published: February 3, 2013 NY Times

Like many advocates of financial reform, I was a bit disappointed in the bill that finally emerged. Dodd-Frank gave regulators the power to rein in many financial excesses; but it was and is less clear that future regulators will use that power. As history shows, the financial industry’s wealth and influence can all too easily turn those who are supposed to serve as watchdogs into lap dogs instead.

There was, however, one piece of the reform that was a shining example of how to do it right: the creation of a Consumer Financial Protection Bureau, a stand-alone agency with its own funding, charged with protecting consumers against financial fraud and abuse. And sure enough, Senate Republicans are going all out in an attempt to kill that bureau.

Why is consumer financial protection necessary? Because fraud and abuse happen.

Don’t say that educated and informed consumers can take care of themselves. For one thing, not all consumers are educated and informed. Edward Gramlich, the Federal Reserve official who warned in vain about the dangers of subprime, famously asked, “Why are the most risky loan products sold to the least sophisticated borrowers?” He went on, “The question answers itself — the least sophisticated borrowers are probably duped into taking these products.”

And even well-educated adults can have a hard time understanding the risks and payoffs associated with financial deals — a fact of which shady operators are all too aware. To take an area in which the bureau has already done excellent work, how many of us know what’s actually in our credit-card contracts?

Now, you might be tempted to say that while we need protection against financial fraud, there’s no need to create another bureaucracy. Why not leave it up to the regulators we already have? The answer is that existing regulatory agencies are basically concerned with bolstering the banks; as a practical, cultural matter they will always put consumer protection on the back burner — just as they did when they ignored Mr. Gramlich’s warnings about subprime.

So the consumer protection bureau serves a vital function. But as I said, Senate Republicans are trying to kill it.

How can they do that, when the reform is already law and Democrats hold a Senate majority? Here as elsewhere, they’re turning to extortion — threatening to filibuster the appointment of Richard Cordray, the bureau’s acting head, and thereby leave the bureau unable to function. Mr. Cordray, whose work has drawn praise even from the bankers, is clearly not the issue. Instead, it’s an open attempt to use raw obstructionism to overturn the law.

What Republicans are demanding, basically, is that the protection bureau lose its independence. They want its actions subjected to a veto by other, bank-centered financial regulators, ensuring that consumers will once again be neglected, and they also want to take away its guaranteed funding, opening it to interest-group pressure. These changes would make the agency more or less worthless — but that, of course, is the point.

How can the G.O.P. be so determined to make America safe for financial fraud, with the 2008 crisis still so fresh in our memory? In part it’s because Republicans are deep in denial about what actually happened to our financial system and economy. On the right, it’s now complete orthodoxy that do-gooder liberals, especially former Representative Barney Frank, somehow caused the financial disaster by forcing helpless bankers to lend to Those People.

In reality, this is a nonsense story that has been extensively refuted; I’ve always been struck in particular by the notion that a Congressional Democrat, holding office at a time when Republicans ruled the House with an iron fist, somehow had the mystical power to distort our whole banking system. But it’s a story conservatives much prefer to the awkward reality that their faith in the perfection of free markets was proved false.

And as always, you should follow the money. Historically, the financial sector has given a lot of money to both parties, with only a modest Republican lean. In the last election, however, it went all in for Republicans, giving them more than twice as much as it gave to Democrats (and favoring Mitt Romney over the president almost three to one). All this money wasn’t enough to buy an election — but it was, arguably, enough to buy a major political party.

Right now, all the media focus is on the obvious hot issues — immigration, guns, the sequester, and so on. But let’s try not to let this one fall through the cracks: just four years after runaway bankers brought the world economy to its knees, Senate Republicans are using every means at their disposal, violating all the usual norms of politics in the process, in an attempt to give the bankers a chance to do it all over again.
Nohea

Trad climber
Living Outside the Statist Quo
Feb 7, 2013 - 07:26pm PT
Dang I go out and spend some time on the water and look what we get...

a foto of a bus crash and this comment
Libertarians, here are your market forces at work:

From the news link "Federal inspectors over the last year found faulty axles and brakes and other safety violations on the tour bus that careened out of control on a winding mountain road near Yucaipa on Sunday evening, killing seven passengers, records show."

Just what part of “Federal Inspectors” has anything to do with Libertarians?
Like party lovers feel the message of the Jungle was “capitalism is bad, look to the State for security.”

Didn’t anybody read that book?

There were State inspectors in those chop shops so again, nothing about Liberty there just another pitiful attempt to use the State’s failing being used to promote more State intervention.


Lets look at other critics heard on this board. Well lets just go to the most pathetic....

Slavery was a fun LF Capitolist endeavour

Another failure of the State do the most basic job of protecting individual natural rights.

Incredible, your beloved State fails to do its job and people say oh thats what would happen if we didnt have the State there to protect us.

Boneheads!

Not you individually but as a whole...."none of us are as dumb as all of us"

Aloha,
Will

Standby for yet another weak and full of lies attempt to critize a group fully supporting individual rights.
Dr. F.

Big Wall climber
SoCal
Topic Author's Reply - Feb 7, 2013 - 07:32pm PT
The failure of Libertarianism is that they don't protect any one's rights
Dr. F.

Big Wall climber
SoCal
Topic Author's Reply - Feb 7, 2013 - 07:38pm PT
Dick ‘Worst Political Pundit Of The Year’ Morris Still Can’t Figure Out How Obama Won (VIDEO)

‘Worst Political Pundit Of The Year’; Or well Paid Liar for Fox News


2013/02/07
http://www.addictinginfo.org/2013/02/07/dick-worst-political-pundit-of-the-year-morris-still-cant-figure-out-how-obama-won-video/

They STILL put me in front of a camera? AHAHAHAAH! Suckers!

If there’s one thing America can’t stand, it’s a sore loser. This, however, sums up former Fox commentator Dick Morris’ entire career. After being fired from the 1996 Clinton campaign for being stupid enough to not only getting caught in a prostitute scandal, he then made a spectacle of himself in the process of “resigning.” Afterwards, Morris, knowing he was finished on the left, turned into an attack dog for the right, saving his deepest vitriol for the Clintons. A classic case of sour grapes.

Later, Morris joined Fox News in a career move noted for its lack of integrity and accuracy. Mostly the lack of accuracy, though. In the lead up to the 2012 election, Morris was steadfast in his declaration that Obama was going to be crushed in both the popular vote and the electoral college. Of course, this turned out to be exactly 100% wrong, as Obama not only stomped Romney in the electoral college 332-206, a landslide, even by Fox News’ standards (they claimed Romney’s winning 321-217 would be a landslide but somehow called Obama’s win “a squeaker”), but Obama won 51% of the popular vote for a second time (over 5 million more votes than Romney). To put this into perspective, that hasn’t happened since 1956, and Obama is only the sixth president ever to win two elections with 51% of the electorate.

This epic failure of prediction earned Morris the uncoveted title of “The Worst Political Pundit of 2012″ from pundittracker.com.

Even Fox seemed to have had enough and Morris was yanked from the regular line-up immediately after the election until Fox announced this week that Morris’ contract was not being renewed.

Undeterred, Morris is still claiming that he would have been totally right. If only it hadn’t been for that meddling Superstorm Sandy.

Here’s the video:

see link

This desperate bid to stay relevant in the face of complete and total professional incompetence would be a little hard to watch if weren’t for the inherent humor involved.

When confronted by the verboten name of Nate Silver (the “smart” to Morris’ “ass”), Morris quickly abandoned his quest to blame Mother Nature for Obama’s historic victory and focused on, “why Obama won by such a margin.” Morris points to the rapidly shifting demographics of the country and, in this, wonder of wonders, he is correct. He then ruins his moment of clarity by parroting the right-wing talking point that “8 million whites stayed home.” The reality is that Romney got almost one million more votes than John McCain did in 2008. Low conservative turnout was not the problem; the real problem (from a right-wing point of view) is that Republican efforts to suppress the liberal vote were not as successful as they could have been. Obviously, too many minorities, elderly and students voted. Why do you think the GOP is hard at work trying to rig the next election?

Sorry, Dick. You had a good run on both the left and the right. Maybe you should try pandering to the Libertarians next. It’s a well know fact they’re huge fans of unicorns, Ayn Rand, and other fairy tales. You’ll fit right in.
healyje

Trad climber
Portland, Oregon
Feb 7, 2013 - 07:43pm PT
Boneheads!

The FAA's aircraft maintenance oversight and airworthiness directives (at least for airlines flying to Hawaii) are clearly a failed attempt by the federal guberment to keep us safe. We should abolish the FAA and there would no doubt be way more and cheaper flights in and out of the islands.
Norton

Social climber
the Wastelands
Feb 7, 2013 - 08:00pm PT
Child Safety Restraints being required in automobiles, now there is a stupid law.

First of all, just because that is that law does not mean children will put them on.

Secondly, it costs the auto manufacturers money to make those seat belts.

This hurts the Job Creators, who might refuse to hire some more gardeners.

See how everyone gets hurts because of another Nanny State law?


"Seat belt laws, just another stupid liberal idea proved now to NOT save any lives."
Michele Bachman

Fritz

Trad climber
Choss Creek, ID
Feb 7, 2013 - 08:03pm PT
Cartoon in SLC Tribune today.  &#40;The liberal daily paper in Utah.&#41;
Cartoon in SLC Tribune today. (The liberal daily paper in Utah.)
Credit: Fritz

WASHINGTON– House Natural Resources Public Lands and Environmental Regulation subcommittee Chairman Rob Bishop (UT-01) released the following statement in reaction to reports that President Obama will nominate Recreational Equipment Inc. “REI” CEO Sally Jewell as the next Secretary of the U.S. Department of Interior, replacing departing Secretary Ken Salazar

“I have some reservations about President Obama’s selection of Sally Jewell. While I certainly respect her business expertise, the President had other options who possessed extensive experience with public policy in the west and the impacts of so much federally-owned land. Additionally, her company has intimately supported several special interest groups and subsequently helped to advance their radical political agendas.

The jurisdiction of the Department of Interior is extremely broad and extends across many platforms, requiring the Secretary to take a balanced approach to both conservation and the responsible use of our lands and resources.

Unfortunately, Utah’s lands and resources have been a consistent target of this Administration and it is my hope that the next DOI Secretary takes a less heavy-handed approach when it comes to picking winners and losers.

Since the House has no formal role in the nomination process, I will work with Senators Hatch and Lee to ensure that Sally Jewell’s past record is fully vetted and made clear so that we have a better understanding of what her priorities and focus will be at the Department of Interior.”
Dr. F.

Big Wall climber
SoCal
Topic Author's Reply - Feb 7, 2013 - 08:05pm PT
What about Stop signs??
Who do these people think they are, making me stop at an intersection

It's just too much Gov. regulation for me

Norton

Social climber
the Wastelands
Feb 7, 2013 - 08:07pm PT
The GOP is running out of ignorant and angry white guys"

Republican Senator Lindsey Graham
TGT

Social climber
So Cal
Feb 7, 2013 - 08:17pm PT
climbski2

Mountain climber
Anchorage AK, Reno NV
Feb 7, 2013 - 08:32pm PT
Works for me TGT.. Our healthcare system is crap. All Obamacare does is polish a turd...

The faster it fails the sooner we will really fix it.

But methinks TGT will really freak out when you see the proper solution.

lol

k-man

Gym climber
SCruz
Feb 7, 2013 - 08:39pm PT
Yeah, enough of that Obama Care Crap.. .. ..


... one part of Obamacare appears to be working as intended: Older Americans and people with disabilities are paying less for their prescription drugs under Medicare. According to a report issued Thursday by the Obama administration, health care reform has saved 6.1 million people more than $5.7 billion.

Obamacare Medicare Changes Saved Almost $6 Billion On Drugs


But who cares about that, what has it done For ME lately??
bookworm

Social climber
Falls Church, VA
Feb 8, 2013 - 06:45am PT
the best defense of bush's anti-terror policies:

”Presidents live with that responsibility [of protecting American lives] every day. If that responsibility were mine, I can’t honestly say what I’d do, and I don’t think anyone can.”
Bruce Kay

Gym climber
BC
Feb 8, 2013 - 07:04am PT
”Presidents live with that responsibility [of protecting American lives] every day. If that responsibility were mine, I can’t honestly say what I’d do, and I don’t think anyone can.”


Are those your words Bookie? Its an interesting attitiude.... one that could be used by Alfred E Nueman for just about anything, such as institutionalizing torture and starting wars on willful false pretense. Maybe you don't know what you would do but I would hope that you would be guided by law and perhaps even a little dollop of morality instead of "anything could happen".

By the way, why arn't you right wingers screaming blue murder about Obama's Drone assasination program?
jghedge

climber
Feb 8, 2013 - 07:44am PT

FauxNews Claims Solar Won't Work in America Because It's Not Sunny Like Germany

http://www.slate.com/blogs/future_tense/2013/02/07/fox_news_expert_on_solar_energy_germany_gets_a_lot_more_sun_than_we_do_video.html


Thanks to Fox News and its expert commentators, millions of Americans now understand the real, hidden reason why Germany's solar-energy industry is so much further along than ours. Turns out it has nothing to do with the fact that Germany's government has long supported the industry far more generously, with policies like feed-in tariffs that stimulate investment in green technologies. No, the real reason is much simpler, explained a trio of journalists on Fox & Friends: It's always sunny in Germany!

"The industry's future looks dim," intoned host Gretchen Carlson at the beginning of the segment, which was preserved for posterity by the liberal blog Media Matters for America. She and her co-host went on to ridicule Obama's "failed" solar subsidies, adding, "The United States simply hasn't figured out how to do solar cheaply and effectively. You look at the country of Germany, it's working out great for them." Near the end of the segment, it occurred to Carlson to ask her expert guest, Fox Business reporter Shibani Joshi, why it might be that Germany's solar-power sector is doing so much better. "What was Germany doing correct? Are they just a smaller country, and that made it more feasible?" Carlson asked.

Joshi's jaw-dropping response: "They're a smaller country, and they've got lots of sun. Right? They've got a lot more sun than we do." In case that wasn't clear enough for some viewers, Joshi went on: "The problem is it's a cloudy day and it's raining, you're not gonna have it." Sure, California might get sun now and then, Joshi conceded, "but here on the East Coast, it's just not going to work."


Gosh, why hasn't anyone thought of that before? Wouldn't you think that some scientist, somewhere, would have noticed that the East Coast is far less sunny than Central Europe and therefore incapable of producing solar power on the same scale?

You would—if it were true. As Media Matters' Max Greenberg notes, it isn't. Not even remotely. According to maps put out by the U.S. Department of Energy's National Renewable Energy Laboratory, virtually the entirety of the continental United States gets more sun than even the sunniest part of Germany. In fact, NREL senior scientist Sarah Kurtz said via email, "Germany's solar resource is akin to Alaska's," the U.S. state with by far the lowest annual average of direct solar energy.

Credit: jghedge


bookworm

Social climber
Falls Church, VA
Feb 8, 2013 - 08:05am PT
oops, my bad bruce, did i say bush? what i really meant is that statement is the best example of liberal hypocrisy, coming from a lib who excoriated bush:

http://www.thedailybeast.com/articles/2013/02/06/obama-and-the-justice-department-memo.html

By the way, why arn't you right winger screaming blue murder about Obama's Drone assasination program?"


i have, scroll up...but let me clarify: i do not object to killing terrorists via remote control, but killing american citizens is another issue; admitted terrorists like awlaki--no problem; however, according to the leaked memo from barry's gunrunning doj, obama can assassinate AMERICAN citizens for associating with known terrorists even when there is NO EVIDENCE THAT AN ATTACK IS IMMINENT

liberals compared bush and cheney to hitler for waterboarding three ADMITTED terrorists (none of them died or suffered any residual physical or emotional injury) but have nothing to say about barry's assassination program...your silence speaks volumes

meanwhile, barry's assassination program has already killed three americans, including a 16 year old boy without formal charges or warrants

Ron Anderson

Trad climber
Soon to be Nipple suckling Liberal
Feb 8, 2013 - 08:09am PT
Its a step program Bookworm,,and Obama has taken a HUGE step with the NDA2013 laws..Sooo much for due process.
bookworm

Social climber
Falls Church, VA
Feb 8, 2013 - 08:12am PT
so god made a liberal:

http://www.youtube.com/watch?v=EUzMPlQb2G4
bookworm

Social climber
Falls Church, VA
Feb 8, 2013 - 08:13am PT
so god made a liberal:

http://www.youtube.com/watch?v=EUzMPlQb2G4
Bruce Kay

Gym climber
BC
Feb 8, 2013 - 08:23am PT
where ever the quote came from, it shows complete stupidity. Do you or do you not agree with the justification presented in that quote? I sure hope not.

As for the drone assasinations, they are just like all other assasinations - extra judicial execution. It will be interesting to see how such a thing is justified outside of a declared war with a soveriegn nation and I would say that that is your best chance of destroying Obama. However, I kind of think the right wingers really don't have a problem with it.
Messages 41021 - 41040 of total 52564 in this topic << First  |  < Previous  |  Show All  |  Next >  |  Last >>
Return to Forum List
Post a Reply
 
Our Guidebooks
Check 'em out!
SuperTopo Guidebooks


Try a free sample topo!

 
SuperTopo on the Web

Review Categories
Recent Route Beta
Recent Gear Reviews