Yes. We are a republic based government. Our Founding Fathers did not trust Democracy. Especially after the French Revolution!
On Sep 23, 8:45 pm, Jim Willis <[EMAIL PROTECTED]> wrote: > Just a small correction; we are not a democracy , as you claim. We are > a representative republic. Perhaps you should know a subject before > you comment on it. > > On Sep 23, 8:31 pm, rigsy03 <[EMAIL PROTECTED]> wrote: > > > > > Because we've been run over by a bunch of parasites. Oh- and history > > is always turning pages. Oh- and now the world is global and the chips > > are chips on other nation's shoulders. We are no longer the good > > looking guy in the baby blue convertible. > > > On Sep 23, 8:24 pm, Jim Willis <[EMAIL PROTECTED]> > > wrote: > > > > Despite what democrats have done to this economy; ask yourself this. > > > In just over two hundred years we have bested societies that have been > > > around for centuries. We're all that and a bag of chips. Why? > > > > On Sep 23, 8:16 pm, rigsy03 <[EMAIL PROTECTED]> wrote: > > > > > "Democracy"- Leonard Cohen-song.//"Book of Longing"- Leonard Cohen- > > > > book. > > > > > On Sep 23, 8:08 pm, Jim Willis <[EMAIL PROTECTED]> > > > > wrote: > > > > > > The doomsday clock for our economy is just about to ignore the snooze > > > > > button and blaringly wake this country up. Trust me, it will happen. > > > > > The reasons are quite evident and before we get to the collapse let’s > > > > > examine the root cause. In 2001 because of a looming recession legacy > > > > > from the Clinton administration entwined with the bloodthirsty attack > > > > > on 9-11 the federal interest rate was lowered from 6% to 1%. Cheap > > > > > money will always find a home and it did. Most noticeably in the > > > > > mortgage market, enter Fannie and Freddie. Both government backed > > > > > mortgage whores run by Clintonista’s and protected by powerful > > > > > democrats in the senate and the house. In 2004 fed rates went from 1% > > > > > to 5.75% and began what would be the bubble bursting we have idly > > > > > witnessed. The rest is history, or soon will be. > > > > > Present day, congress will, “in some form” pass a bailout scheme and > > > > > indebt the taxpayer for not $700 billion dollars but chase this rat > > > > > all the way into the hole to the tune of $2 trillion dollars. And, by > > > > > the way, without any reforms; what is missing is a structural fix > > > > > systemic to the tsunami of default endemic because of the systematic > > > > > hierarchy encompassing our mortgage markets. Local banks grant loans > > > > > and bundle them off to Fannie and Freddie. Once the evil twins take > > > > > that paper the banks that approved the mortgage have no further > > > > > liability, a simple fix, to be sure, yet one that the democratic > > > > > congress seems unwilling to even consider or discuss. I, your humble, > > > > > local genius, instinctively know the solution and you the reader are > > > > > blessed by my knowledge. Really, don’t you just drop to your knees, > > > > > each and every day and thank God you have access to my giant brain? > > > > > Well, if you don’t you should. Simply put, for you lovable liberals, > > > > > attach the mortgage to the issuer. No matter who buys the bundle of a > > > > > particular mortgage it follows the issuer around like a shadow. If it > > > > > defaults, it comes home, to the bank that approved it. Simple and > > > > > brilliant, that’s me. > > > > > Now, what will happen, trust me. This bailout has zero chance of > > > > > working. 1% money infected more than the financial markets, it just > > > > > hasn’t shown its ugly head yet, it will. Think credit cards, > > > > > automobiles, RV’s, etc. There is no cure and what will happen > > > > > undoubtedly, assuredly, change America and the world forever. It will > > > > > start slowly then build to a crescendo. A few banks will fail, > > > > > followed by some behemoth hedge funds. Then, the dominoes will begin > > > > > to fall. As America realizes the FDIC to be insolvent, no matter the > > > > > rush to re-fund it, America will rush to withdraw their savings. This > > > > > will create a panic. The media will pour fire on this firestorm by > > > > > reporting the financial calamity. The panic will intensify until we > > > > > see a complete collapse of our economy. It won’t be like 1929 when > > > > > Herbert Hoover was president, “despite what Joe Biden says” because > > > > > America is much more urban and less rural. We rely more on technology. > > > > > In 1929 our economy was bed rocked on industry and agriculture. The > > > > > great depression suffered 25% un-employment. The depression of 2008 > > > > > will encompass a full fledged meltdown. Our economy is reliant on > > > > > spending. Our GDP is 70% spending, a reflection of our soon to be un- > > > > > employment rate. In 1929 we had shanty towns. In 2008 we will have > > > > > riots and marshal law. We can expect 1200% inflation and the end of > > > > > America as we know it. > > > > > Yet, let’s be clear; this will happen. Trust my giant brain and your > > > > > ability to comprehend my written word. We will be assigning blame and > > > > > let’s get it right for once. Jimmy Carter and his community investment > > > > > act, Billy Clinton and his terrorizing of our financial institutions, > > > > > the fed and lest we forget, the democrats at Fannie and Freddie, may > > > > > they all burn in Hell. > > > > > Conservative Springfield 24SEP 08- Hide quoted text - > > > > - Show quoted text -- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. 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