It doesn't seem to dawn on many American's as to how much the Democratic Party has come to look like the Communist Party over the past 30 or so years.

William Ayers and his ilk, were hoping (like Charles Manson) to start a revolution in America just like the Bolshevik Revolution in Russia that created the Soviet Union.

They did not have enough support from the 'masses' to make anything like that happen.

So they looked at what Saul Alinksy proposed as an alternative. Using Alinsky's tactics they have taken over the Democratic Party.

They changed the education curriculum to make it more in conformation with post-modern ideals. The truth became fungible, not just to politicians, but to us.

We are no longer able to actually think our way through things. We simply believe things or not.

This is great for getting into power. All you have to do is tell us that you are going to fix everything and make us all richer, smarter, and better looking and we will elect you.

This has been the basis for government since the Clinton administration. Don't lead, simply look at polls and do what a population wants.

Since most of the population is too lazy, stupid, ignorant, and unable to gain knowledge, they could be taught to believe in whatever you wanted them to believe in. Give them what they believe they want and the votes are yours.

So when bankers didn't want to give loans to people who couldn't pay for them, they were accused of being racists. So the rules were changed to allow banks to give mortgages to anyone regardless of their ability to pay. The banks said, no way someone else has to take the hit when these people can't pay their loans.

So the government said, no sweat banks, just sell them to Fannie or Freddie and all will be great.

Risk-free no equity loans are the recipe for greed by anyone involved.

Of course sooner or later those bad loans end up somewhere. We are seeing exactly where they are now.

But can a Democrat see how this was caused. No way, because a Democrat simply cannot see the truth.

This is the goal of Alinsky. Destroy the economy and fill the void with the 'magic' of communism. Obama and Hillary are his vehicle, and the rest of the 60's radicals have put them there by taking over the Dems.

Cheers,

Bloefeld

What we are seeing is the dot.com bubble back with bigger teeth and worse breath.

This is the result of pushing too much M1 and M2 into the money supply as has been happening at an accelerating rate since the end of the last few years of Bush I.

All that money went into vapour ware then.

Jimmy Carter, the most idiotic left wing doofus to be President up to if Obama gets elected started this bone-head situation. Nothing much happened until Bubba was President and his commie wife bleated to him about how banks were not lending to people who couldn't pay back loans because banks were racists.

So Bubba, asked her how to get those darn bankers to loan more dough to folks who couldn't pay them back. She told them that the nice folks at ACORN had some cool plans on how to do that. All he needed to do was set up some new regulations so that banks couldn't ask if people could actually pay back their loans.

This was great. Then of course the banks were in trouble because the had too many loans and mortgages that were going bad.

No trouble said Bubba, our pals over at Freddie and Fannie will back up those crappy loans, you just bundle them up in crappy sacks and drop them by.

Now the banks saw a way to make stupid amounts of money. Lend money to anyone who could secure it with a house. Let them buy nice boats, cars, whatever, the value of their houses would always cover the loan. If the borrower screwed up and couldn't pay the loan, they would foreclose and sell it for more than the loan value.

So the prices of housing inflated to keep up with the amount of money floating around.

This was what made a good economy. Consumer inflation hidden in the prices of homes and the stock market.

Suddenly, someone figured out that business was cyclical and that median house prices were stupidly high compared with the median incomes.

The party is over. Let everyone who can't pay their loan lose their house. Let the banks who can't afford their own stupidity, die.

There will be a recession. The market will go way down, lots of people who shouldn't suffer are going to.

In the end, all of the pin-headed Democrats who thought they could regulate bad loans will be searched out and driven from office.

Reasonable oversight will be put in place, and the market will start to reward diligence and honesty over greed and duplicitous mis-management.

Three years from now, the economy will be growing at record speed.

Do the bail-out, and soon the banks will be hands out asking for us to pay off everyone's credit card or school loan, or car loan.

Until the concept that the value of any asset is the net present value of its cash-flow is understood again by everyone, this will continue until the government owns everything, and we are all slaves to the crown. Just like it was before America became America.

Cheers,

Bloefeld