The Market Ticker has the ugly details.
(H/T to Freedom Phoenix)
Tag: Wall Street
John Stossel takes on Liberal Propagandist Michael Moore
I happen to like John Stossel; because he dares to take on the Liberals. Not in a mean or nasty way. But by simply stating the truth.
He writes about Michael Moore’s latest Movie:
Michael Moore has been working on another documentary. This time, he’s taking on capitalism:
“The wealthy, at some point, decided they didn’t have enough wealth. They wanted more — a lot more. So they systematically set about to fleece the American people out of their hard-earned money.”
How ridiculous is that? The wealthy, and everyone else, almost always decide that they don’t have enough wealth. People ask their bosses for raises. We invest in stocks hoping for bigger returns than Treasury Bonds bring. “Greed” is a constant. The beauty of free markets, when government doesn’t meddle in them, is that they turn this greed into a phenomenal force for good. The way to win big money is to serve your customers well. Profit-seeking entrepreneurs have given us better products, shorter work days, extended lives, and more opportunities to write the script of our own life.
He goes on…:
Moore also fails to understand is that it was not “capitalism” run amok that caused today’s financial problems. In reality, it was a combination of ill-conceived government policies and an overzealous Federal Reserve artificially lowering interest rates to fuel a bubble in the housing market. Then it was government that took money from taxpayers and forced banks to accept it.
Moore ought to understand that, because he makes a good point when he says his movie will be about “the biggest robbery in the history of this country – the massive transfer of U.S. taxpayer money to private financial institutions.”
That is indeed robbery. It sure doesn’t sound like capitalism.
Nope, sounds more like socialized Healthcare or simply Socialism in general; to me.
Mike Tennant writing over at Lew Rockwell’s Blog chimes in:
According to the press release you linked, Chris, “Moore has made three of the top six highest-grossing documentaries of all time,” which presumably means he has accumulated a great deal of wealth. Apparently, since he continues to foist his so-called documentaries on an unsuspecting public, Moore has decided that he doesn’t have enough wealth. He wants more–a lot more.
Like most anti-capitalists, Moore has no problem personally profiting from his own endeavors while demonizing other successful persons and attempting to have them dispossessed of their wealth. The good news is that Moore ultimately has to answer to the marketplace and thus may find himself begging for work from the very people he now condemns if enough of his audience members wake up to the fact that he’s a charlatan and stop shelling out their increasingly scarce cash for his celluloid propaganda.
Mike is right on point; that is exactly how the socialists in America are. The Socialist left wants to preach to America, how evil, rotten, nasty and no good the evil capitalist system is; all the whole pocketing a profit from their lectures, Movies and the books that they just happen to make a profit at. It is more of that “Yea for me, but Nay for thee”, type of mentality and outright hypocritical nonsense that the Far Socialist left is known for.
The troubling thing about it, is this; these knuckle-headed socialists basically control the Democratic Party and it’s message. Hence my reasoning for not wanting anything to do with them or their Party any longer.
Give me Capitalism, Freedom and Liberty or Give Me Death!
Others: Wake up America
Madoff gets 150 years
The Story is here. Can you believe there are liberals saying that he got too long of a sentence?!?!
Let them lose it all; and then we’ll see how they feel.
Idiots, all of them.
Is America turning Japanese?
The Southern Avenger on "The Mexican Flu"
How the news coverage of the swine flu isn’t so much indicative of any serious crisis, but the mainstream media’s corporate and government, PC sensibilities.
The Southern Avenger on "The Radical Right"
The Federal Government cracks down on the Scam Mortgage Loaners , except for the most important one
So much for enforcing the law….:
The Obama administration has already unveiled its plan to stem the rising home foreclosure rate, but with foreclosure scams also increasing, the administration today announced a multi-agency effort to crack down on scams that prey on struggling homeowners.
“Just as this administration has intensified our efforts to help American homeowners, those who would seek to prey on the most vulnerable are intensifying their tactics as well, often through purported mortgage modification and foreclosure relief companies,” Treasury Secretary Tim Geithner said at an announcement in Washington. “These are predatory schemes designed to rob Americans of their savings and potentially their homes.”
The FBI is currently investigating more than 2,100 mortgage fraud cases, up 400 percent from five years ago
Hip Hip Hooray, Obama is enforcing the law! Well, perhaps not. 🙄
Judicial Watch reports that the two biggest corrupt lenders; Fannie Mae and Freddie Mack, have broken the law for years. What excatly is President Teleprompter and his attack Dog Tim Geithner AKA Eddie Haskel doing about this?
*crickets*
You guessed it! Not a damn thing……. So much for all the “Hope and Change” and a new direction in America. As I long suspected a very long time ago, it is simply more of the same from an empty suit, who’s big on speeches and low on substance.
Update: Hello to all the Freepers reading this! 😀 Please take a look around, you might just like it here. 🙂
Even More Professional Behavior from President Teleprompter
This is unbelievable:
The bankers struggled to make themselves clear to the president of the United States.
Arrayed around a long mahogany table in the White House state dining room last week, the CEOs of the most powerful financial institutions in the world offered several explanations for paying high salaries to their employees — and, by extension, to themselves.
“These are complicated companies,” one CEO said. Offered another: “We’re competing for talent on an international market.”
But President Barack Obama wasn’t in a mood to hear them out. He stopped the conversation and offered a blunt reminder of the public’s reaction to such explanations. “Be careful how you make those statements, gentlemen. The public isn’t buying that.”
“My administration,” the president added, “is the only thing between you and the pitchforks.”
via Inside Obama’s bank CEOs meeting – Eamon Javers – POLITICO.com.
Talking about cashing in on the public outrage! What’s more is this one here:
There were signs from the outset that this was a business event, not a social gathering. At each place around the table sat a single glass of water. No ice. For those who finished their glass, no refills were offered. There was no group photograph taken of the CEOs with the president, which typically happens at ceremonial White House gatherings but not at serious strategy sessions.
“The only way they could have sent a more Spartan message is if they had served bread along with the water,” says a person who attended the meeting. “The signal from Obama’s body language and demeanor was, ‘I’m the president, and you’re not.’”
Way to go there Mr. Bambi, piss off the very people that made you on wall street. What more do the people need to see, to realize that electing this buffoon was the biggest mistake America ever made?
You know, I criticized Bush relentlessly during the man’s time in office. But the actions of this new President is starting make me really wonder just how better off we truly are. I mean; this guy is right now over in Europe, and now going to France to make speeches saying that the United States of America was arrogant?? I have to admit, I do not always agree with Sean Hannity, But tonight he was spot on. Obama ought to be impeached for treason, first for bowing an Arab leader and then going overseas and basically sounding like the Dixie Chicks! I am, quite frankly, surprised that our media here has given him a pass on that one. But then again, when you are in the tank for the guy. What can one expect??
Not to mention that, he is spending like a drunken sailor, which is going to weaken our dollar. It is truly unbelievable.
You see people want to say that Bush caused all this economic recession, and that’s just flat out horse hockey! Bush did not cause this recession, Bill Clinton did! Clinton was one the one who placed the high pressure on the big lending institutions, like Freddie Mack and Fannie Mae to give loans to those who could not normally afford them. Then the people on Wall Street, thanks to the stupid deregulation of the Markets, cooked up these crazy credit swaps. Bush’s White House saw the impending disaster and warned sternly the Republican controlled Congress that there were signs that the Markets are showing signs that there was about to be a serious problem. This was in 2003, Congress then began an investigation and the then President/CEO or whatever the hell you call him, who was black, did what any black person does when they’re under the gun. He played the race card. Rep. Barney Frank sat right up there and said there was no crisis.
So, this whole notion that is being peddled by the Democrats is totally false and is basically revisionist history. No wonder Bill O’Rielly flipped out on Barney Frank. Because the man is a damned liar. As are the Democrats in general. But yet, the President can sit there and act like a total asshole?!?! It was his party that created this whole mess!
Unbelievable, just totally unbelievable.
The Southern Avenger on "Steadfast Sanford"
When hundreds of protesters showed up at the South Carolina statehouse to protest Gov. Mark Sanford’s refusal to accept $700 million in federal stimulus, it was worth noting how Sanford doesn’t represent economic disaster – but perhaps the only chance we’ve got.
The Article referenced in this Video is found here
The Southern Avenger on "What Happened to the War on Terror?"
On the sixth anniversary of the war in Iraq, why are the loudest champions of the War on Terror no longer talking about it?