Blown Mortgage - Latest Comments in Could It Happen Here?

Re: Could It Happen Here?

Archie1954 — Thu, 23 Oct 2008 16:20:12 -0000

And McCain is trying to say that Senator Obama is a socialist? What a d*mn hypocrite. It's his own party and government that is socializing America not the good senator.

Re: Could It Happen Here?

Ron Moss — Thu, 23 Oct 2008 11:04:52 -0000

Andrew Jackson had the same problem in 1835. Maybe a similar act is necessary here now. Return to a constitutional government. Not Bankers Socialist Regime,

Re: Could It Happen Here?

Chad — Thu, 23 Oct 2008 10:38:00 -0000

Love it. Except you, like virtually everyone else, continues to confuse Socialism with Fascism.

Let me give you B. Mussolini's definition of Fascism, since he's the one who coined the phrase:

Fascism could more properly be called Corporatism, since it is the merger of the corporations with the State.

Shorthand definition:
Socialism helps people.
Fascism helps companies.

Re: Could It Happen Here?

Constantine von Hoffman — Thu, 23 Oct 2008 09:42:16 -0000

I think Hard Tmes is a great book and not boring at all. If he spends so much time on communism in America that's because the depression was a period when that suddenly seemed like a viable alternative. Your broader point is a good one, though. This is the time to be pulling out those histories and reading or re-reading them. I also suggest John Kenneth Galbraith's The Great Crash 1929. Also The Worst Hard Time by Timothy Egan. It's about the environmental disaster -- the dust bowl -- that over took the US during the depression.

Re: Could It Happen Here?

Mark M. — Wed, 22 Oct 2008 21:21:40 -0000

"Hard Times" by Studs Terkel. Oral History of the Great Depression

A boring read that spends too much time on communism in America, but not only documents the statements about FDR, but will amaze you in its similarity to the events of today. It will really make you wonder, given his policy moves, just what exactly did Bernanke study as the foremost expert on this era. It seems to be a carbon copy and, maybe, that's the intent!

Re: Could It Happen Here?

Paisano1 — Wed, 22 Oct 2008 21:20:54 -0000

That is only the beginning of what they will confiscate from you:

http://yourmortgageoryourlife.wordpress.com/200...

You don't even own your stocks, bonds, or other securities unless you have them tucked under your mattress...

Plus, Clinton and Bush have paved the way to 'nationalize' all other private property, confiscates public and private funds, commandeer companies, and conscript civilian labor:

http://yourmortgageoryourlife.wordpress.com/200...

The election will happen, but don't count on seeing Barack Obama inaugurated in JANUARY...

Re: Could It Happen Here?

jbflory — Wed, 22 Oct 2008 21:10:12 -0000

What it boils down to is accountability **cough** or lack thereof. There isn't a day where I don't hear an ad for income tax relief (if you owe the IRS more than $10,000, call us) or debt relief (you don't have to pay those credit cards) or mortgage relief like the couple in La Habra that used their house as an ATM and smiled big for the OC Register when Countrywide gave them a 1% loan for 5 years.

We are socializing losses (at the expense of the responsible) and privatizing the profits and society in general is too 'medicated' to realize what's happening to them.

I enjoyed your post MG.

Re: Could It Happen Here?

CS — Wed, 22 Oct 2008 19:19:19 -0000

Small correction: the US was never a democracy, but rather a Constitutional Republic to prevent the tyranny of the majority.

Re: Could It Happen Here?

recruiterrick — Wed, 22 Oct 2008 17:41:02 -0000

Very Good!

Re: Could It Happen Here?

RudyG — Wed, 22 Oct 2008 17:25:34 -0000

"It Can't Happen Here" was about fascism, and this is closer to that, or maybe to South American-style oligarchy.

Re: Could It Happen Here?

Eric — Wed, 22 Oct 2008 16:20:46 -0000

Socialism for the wealthy, well-connected, and Corporate Interests is called Fascism.