[quote=Arraya][quote=curiousmind] I do think this is because he is not a “company” man. But as far as his ideas go – they are faith based.
Examples? Be careful. Don’t make me drink a coffee and destroy the rubbish you will have to produce! ;)[/quote]
Without going into is fairy tail beliefs
From RP
However, many in Washington fail to realize it was government intervention that brought on the current economic malaise in the first place. The Federal Reserve’s artificially low interest rates created the loose, easy credit that ignited a voracious appetite in the banks for borrowers. People made these lending and buying decisions based on market conditions that were wildly manipulated by government.
Simplistic and shallow analysis of the dynamics in play. And the simplicity is either dishonesty or ideological driven blindness.
His ideas on where the influences come are backwards. He paints a picture of the misguided “state” decisions forcing conditions that caused the banks and borrowers to go crazy, without every any thought on where the influences came from. He paints it as misguided government action rather than what it is, industry control over the government.
What we had was a massive market failure. The government did not cause banks to get rid of standards – competition did.
The government did not force people to buy homes fraudulently with help from RE agents and Mortgage brokers.
The government sure set up the conditions for this – but he ignores why the government set up the conditions for this. That “why” contradicts directly with his belief system, so he ignores it.
Don’t get me wrong it does not mean I like any of the corporate mafia choices that we are given. In fact, I’d like to see the whole system implode if RP was elected. But he would get a world that goes to the exact opposite ideology that he espouses. Capitalism can’t stand without massive state intervention. It’s time for adults to stop believing in fairy tails.[/quote]
Adults look at results objectively. RP was correct
(in 2002)on the uncontrolled wars, the housing bust, gold’s value, lack of confidence in the government, and the dollar losing value, he was correct about the US losing its manufacturing base and the erosion of our civil liberties. Bernanke said that FMNA FHLB (as late as 2008 by the way) would be fine!! Greenspan said that real estate in the US would never go down in value substantially. He actually stimulated housing to “get us out of” the recession brought on by the dotcom bust of 2000. What fairy tail would you have me listen to? The one that has predictive power or the one that is always wrong but is in power? I do not get your stance at all.
Ron Paul simply says that capital will flow where it can make the fastest and easiest ROI. If one can make a ton of dough “flipping houses” just by lying on an application – one won’t go to the trouble of building a plant or opening a restaurant. I agree it is a simple idea but is that contrary to your experience? I had a 75 year old client with 25 houses. He outright told me that he would never lose money because it was real estate!! So if an idea is simple and it tells the reality – it is not a fairy tale.
Furthermore, I would like to address your point about unmitigated Capitalism. Read Bastiat (the Law). Our government exists to ensure our liberties. From outside enemies as well as internal enemies. I submit to you that anyone who is willing to lie outright to their shareholders and are coddled by the those in power are not participating in capitalism. They are participating in croney capitalism. Oligarchy. The wealthy hiring the government class to build the rules in their favor. I ask you this question: was it the small regional bank which caused the housing crisis or was it the giant banks securitizing those loans which caused this mess? Who got bailed out? The giant banks. The bonuses at the big banks the year after the bust were RECORD bonuses. The way to view this is :FOLLOW THE MONEY. Goldman and MSDW being able to convert overnight to a commercial bank? Wives of these banksters getting millions of taxpayer $$ as part of the bailout while small banks get put into receivership by the FDIC.What about the small bankers wifes and kids? Hell what about the dry cleaner that can’t qualify for a TBTF bank loan? You and I have been robbed! Our regulators have been captured (think Madoff, think Moody’s and S&P, think Duke Cunningham) and our assets are being used to line their pockets.
I think if you want to stop believing in fairy tales you should start by figuring out who has had the correct answers. Paul Krugman? Austin Goolsby? Chrisina Romer? Uncle Ben? Big Al? Any of the other Candidates? or Ron Paul?
