From the Repblican Party Platform, 2008
"Rebuilding Homeownership
Homeownership remains key to creating an opportunity society. We support timely and carefully targeted aid to those hurt by the housing crisis so that affected individuals can have a chance to trade a burdensome mortgage for a manageable loan that reflects their home’s market value. At the same time, government action must not implicitly encourage anyone to borrow more than they can afford to repay. We support energetic federal investigation and, where appropriate, prosecution of criminal wrongdoing in the mortgage industry and investment sector. We do not support government bailouts of private institutions. Government interference in the markets exacerbates problems in the marketplace and causes the free market to take longer to correct itself. We believe in the free market as the best tool to sustained prosperity and opportunity for all. We encourage potential buyers to work in concert with the lending community to educate themselves about the responsibilities of purchasing a home, condo, or land."
Funny... I don't see anything about massive government bailouts in there. Do you?
Homeownership remains key to creating an opportunity society. We support timely and carefully targeted aid to those hurt by the housing crisis so that affected individuals can have a chance to trade a burdensome mortgage for a manageable loan that reflects their home’s market value. At the same time, government action must not implicitly encourage anyone to borrow more than they can afford to repay. We support energetic federal investigation and, where appropriate, prosecution of criminal wrongdoing in the mortgage industry and investment sector. We do not support government bailouts of private institutions. Government interference in the markets exacerbates problems in the marketplace and causes the free market to take longer to correct itself. We believe in the free market as the best tool to sustained prosperity and opportunity for all. We encourage potential buyers to work in concert with the lending community to educate themselves about the responsibilities of purchasing a home, condo, or land."
Funny... I don't see anything about massive government bailouts in there. Do you?
posted by Sara at 9:56 AM
3 Comments:
Actually, I do. It explicitly says that we do not support government bailouts of private institutions. Right there in black and white.
So here's my question... how much more irresponsible can we get, especially between now and Nov.
4th?
Talk about history. It is right here and right now. Because this is unprecedented, we have no idea how to handle this debacle and no real idea how things will turn out with or without the bailout. How's that for exciting times?
I'll tell you what is going to happen... the fucking republicans will steal another election.
it's not close. add up the numbers from the primaries- it's not close at all. the democrats should sweep this handily.
but they won't. why? it's all rigged.
I hope I'm wrong. but the news tonight of washington mutual being taken over by the govt?
it's only just begun.
Since when have the Republicans ever let ideology stand in the way of plunder? Their platform is just a means to hide their real agenda, which is greed, plunder, rape, pillage.
Actually, anonymous, it is precedented. It's the same damn thing (or close enough) to the Republican policies that led to the Crash of '29.
The real free market is the black market. Legitimate markets rely on a dependable economic system, which means some level of government regulation. Enough, and things go pretty well. Too much, and economic activity is stifled. Not enough, and speculators rip everyone off. We've kicked off 'not enough' since Reagan. Time to change.
I hope you're wrong about the election, Sara. But I wish I were more optomistic about it. 'Cause it sure looks likely...
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