The world-famous Internet site of the Nationally Syndicated Neal Boortz Show!
Hi, (not you?) | Member Center | Sign Out
Posted: 1:00 a.m. Tuesday, Sept. 30, 2008
By Neal Boortz
| Today's Nuze: September 30, 2008 | |||
![]() | |||
| Tuesday, September 30, 2008
Nancy Pelosi gave a partisan speech before the vote. What a stupid, stupid move. Just brain-dead stupidity. This woman can't even figure out when to put the partisanship aside - talking about Bush's "failed economic policies" - what an idiot. But is that why the Republicans - and 95 Democrats by the way - voted against the bill? Hardly. These representatives were hearing from their constituents. The majority of the people in this country do not want the government to bail these institutions out. Is the crisis real? Let's consider the fact that yesterday's Dow dropped 778 points. OMG, that sounds just terrible, doesn't it? But wait! When it comes to a percentage drop in the Dow yesterday isn't even in the top ten! I don't know about you ... but with every day that passes I'm starting to doubt that this crisis is as dire as they say it is. The proper answer here is to let private institutions that make bad decisions fail. No government bailout. There is only one mitigating factor in favor of intervention - and that would be the Democrat's involvement in the Community Reinvestment Act and support for various community groups (like Obama's ACORN) who used laws passed by Democrats to browbeat private institutions into making these bad loans. But the more I think about this ... do you remember any of these private financial institutions sounding the alarm? Do you remember them standing up and telling the American public that "hey, in order to survive in the marketplace we're being blackmailed into making these absurd loans ... but the taxpayers are going to be the ultimate victims here because your government is stepping forward to buy these bad loans from us and put you on the hook!? No ... I don't remember any such warning from the private sector. So my growing inclination is to let these financial institutions either fight their way out of it. Washington - and that means Democrats and Republicans alike - are in the process of nationalizing failure. Under the ideals being tossed around on Capitol Hill profits would belong to private businesses and losses would belong to the taxpayers.
How about an excerpt: "$700 billion. A staggering number, but only a part of the cost of the failed Bush economic policies to our country. Policies that were built on budget recklessness when Pres. Bush took office, he inherited Pres. Clinton's surpluses - four years in a row budget surpluses on a trajectory of $5.6 trillion in surplus. And with his reckless economic policies, within two years, he had turned it around. And now 8 years later, the foundation of that fiscal irresponsibility, combined with an "anything goes" economic policy, has taken us to where we are today. They claim to be free-market advocates, when it's really an anything goes mentality. No regulation, no supervision, no discipline. And if you fail, you will have a golden parachute and the taxpayer will bail you out. Those days are over. The party is over in that respect. "Democrats believe in a free market. We know that it can create jobs, it can create wealth, many good things in our economy. But in this case, in this unbridled form, as encouraged and supported by the Republicans - some Republicans, not all - it has created not jobs, not capital, it has created chaos ... So that speech was given right before the vote on one of the most important bills of late." Now, the McCain campaign blames bailout rejection on the Democrat leadership: Barack Obama, Harry Reid, and Speaker Nancy Pelosi. McCain's senior policy adviser Doug Holtz-Eakin says that the Democrat's partisan attacks were an effort to gain political advantage during a crisis, and now they have risked the homes, livelihoods and savings of millions of families. "This bill failed because Barack Obama and the Democrats put politics ahead of country." Again, I disagree. This deal failed because Democrats and Republicans listened to their constituents. You spoke up loudly and they heard you. After all, it's an election year. Just hours before the vote (and before Nancy's little speech), McCain "bragged" about his involvement in the bailout bill. To his credit, he said he wasn't afraid to step up and solve problems for America. Clearly this time he did, and it may backfire considering the bill's failure. However, he pointed out that Obama took a very different approach to the problem - at first, not getting involved and then "monitoring the situation." This is just another example of Barack Obama being "present." There's no willingness to actually make a decision ... as president, will Barack Obama be "watching from the sidelines," to quote John McCain?
Barack Obama blames this financial failure on a loose market climate. Here is what the Chosen One had to say: "Now they said they wanted to let the market run free. But instead they let it run wild. And in the process, they've trampled on our American values of fairness and balance and responsibility to one another." Naturally, Obama does not blame government or politicians for any of this crisis. In fact, neither does John McCain. Obama blames this on "the era of greed and irresponsibility on Wall Street and in Washington." He says the "speculators who gamed the system and regulators who worked the other way" are the ones to blame.
Washington Nevada
The answer is ... a lot. Stanley Kurtz has written another great piece about Barack Obama's days as a community organizer for ACORN. It is worth you taking the time to read. Unfortunately, I wouldn't expect any mainstream media outlets to mention this information, or put two and two together considering all of the stories just listed above.
Here's an example of some of the letters: Subject:
Free Market Solution BS Bob is exhibiting a basic lack of understanding of free market economics that is so typical of our government-educated dumb masses. Here's what Bob wants: When there's a shortage of gasoline the government should step in and stop any price increases that would control demand. This way those with the income to support several cars can make sure they get them all filled up. Let's say some evil, nasty rich guy has three cars. He only actually needs one, but he fills up the other two to essentially act as storage facilities in his driveway. In the meantime the lower-income worker with only one car can't find any gas ... and may actually lose money because he can't get to work. Let the free market respond to scarcity with higher prices and Mr. Nasty, evil, disgusting rich guy might think twice about filling up every container he has in his house. Then the gas would be available to the character with one car who needs it to get to work. It's so simple that even Bob should understand it: Increase prices and demand goes down. When demand goes down the stations have a chance to fill their underground tanks. Go ahead, folks. Wallow in your economic ignorance. You see where it got us, don't you? Also, someone made a video of the line to get gas in Alpharetta, a suburb of Atlanta. Just so you know what it's like here. READING ASSIGNMENTS
Besides the brouhaha surrounding the bailout bill, the Congress has also been debating tax cuts, including extended tax breaks for renewable-energy production. John McCain says that Barack Obama's policies will deepen "our recession." We are going to have fun with this one ... an editorial from the Roanoke Times says that Virginia needs to ramp up its anti-price gouging laws. What ignorance. Obama's "Truth Squad" in Missouri is now trying to play the victim card. Judging by the comments, people aren't buying it. The President of Pakistan is being criticized for "the manner in which he shook hands with Sarah Palin and expressed his deep desire to hug her," which is "intolerable and shameful." Here's the story behind the website myth-busting website Snopes, which is really busy these days with all the myths surrounding the presidential candidates. Maryland "earned" over $16 million in the nation's first mandatory auction of rights for power plants to release pollutants into the air that supposedly cause climate change. Macy's, a private company, tells its employees that they must speak English. Muslims in Minnesota complain that this is discrimination. Don't worry, CAIR is coming to the rescue. Mexico is becoming a nation of lardasses ... so the government is doing something about it. Now Mexicans have to run to the U.S. Border. No walking allowed. In Oregon government schools (and all across this country), the days of kickball and dodgeball are over ... because we don't want to hurt kids' self esteem. Seriously! Here's a random fact ... Pennsylvania leads the nation in the number of "teen lifers," which are criminals serving life without parole for crimes they committed as minors. Pennsylvania is not too happy about holding this title. A British company has created a cell phone that can track your carbon footprint. Feed the ducks in your neighborhood ... go to jail. Here's a fun compilation video of Democrats defending Fannie Mae & Freddie Mac from regulation over the years. | |||
| Jamie Dupree's Blog If you enjoy Neal's daily chat with Jamie Dupree, you'll love Jamie's Blog! Check it out for analysis of the campaigns and goings on in Washington D.C. BOORTZ BLAST NEWSLETTER
company or your spam filter could be keeping it from you. Try using a personal email address and check your spam filter's junk folder for wayward newsletters. COMMUNITY
Belinda Skelton, Cristina Gonzalez and Laura Nunemaker assist in the daily preparation of Nealz Nuze! |
© 2013 Cox Media Group. By using this website,
you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices
.
Already have an account? Sign In
{* #registrationForm *} {* traditionalRegistration_displayName *} {* traditionalRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Already have an account? Sign In
{* #registrationFormBlank *} {* registration_firstName *} {* registration_lastName *} {* traditionalRegistration_displayName *} {* traditionalRegistration_emailAddressBlank *} {* registration_birthday *} {* registration_gender *} {* registration_postalZip *} {* traditionalRegistration_passwordBlank *} {* traditionalRegistration_passwordConfirmBlank *} {* agreeToTerms *}We have sent you a confirmation email. Please check your email and click on the link to activate your account.
We look forward to seeing you frequently. Visit us and sign in to update your profile, receive the latest news and keep up to date with mobile alerts.
Don't worry, it happens. We'll send you a link to create a new password.
{* #forgotPasswordForm *} {* forgotPassword_emailAddress *}We have sent you an email with a link to change your password.
We've sent an email with instructions to create a new password. Your existing password has not been changed.
To sign in you must verify your email address. Fill out the form below and we'll send you an email to verify.
{* #resendVerificationForm *} {* resendVerification_emailAddress *}Check your email for a link to verify your email address.


You're Almost Done!
Select a display name and password
{* #socialRegistrationForm *} {* socialRegistration_displayName *} {* socialRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Tell us about yourself
{* registration_firstName *} {* registration_lastName *} {* registration_postalZip *} {* registration_birthday *} {* registration_gender *} {* agreeToTerms *}