Burning Down The House. The Housing Crisis, The Economy and Some Familiar Faces
The current economic meltdown, explained. Invest 10 minutes of your life to watch this video “burning down the house” for a little more insight into the housing crisis and subsequent economic implosion. I saw this video when it first came out.
It was sent to me by a guy named Jimmy who runs a site called Liberty Pen who’s my StumbleUpon friend; We send good sites to each other. If you like this video please send this page to a few friends who aren’t brainwashed hippie liberals.
I don’t like propaganda. I’ve checked out every claim made in this video and it’s all documented.
There are a few things left out, a few Republicans involved who aren’t called out– but it’s very few, and nobody you’ve heard of.
This is appalling. To hear Biden and Obama talk about “failed economic policies”— it makes me want to throw up.
That is the Democrats way though– put your head into a noose and then during election time sell you some pretzel logic way out of the noose that never materializes.
Democrats have become so obsessed with bumper sticker sloganeering and group-think that they are using the same smear tactics they used on Bush on McCain and Palin. To them it’s team sports— they want their team to win and be in “power” and nothing else. They never actually get the power. It’s a pyramid scheme and only the crooks on top benefit.
I don’t like how the end turns into a McCain commercial– a little heavy handed— anyone who sees that and has a brain is clearly not voting for Obama.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else.
— Bastiat’s dictum
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afreemaniii
Amen Brother. Here’s another great video link on the same topic.
[url]http://www.youtube.com/watch?v=_MGT_cSi7Rs[/url]
September 29th, 2008 at 10:20 amafreemaniii
http://www.youtube.com/watch?v=_MGT_cSi7Rs
The video above is another great one that shows how the Dems are complicit in this whole mess.
September 29th, 2008 at 10:25 amRoclawzi
Well, your link is dead, and that’s one thing, but the video is still there to be found on youtube. I watched it, wasn’t impressed. First of all, that whole impact music sound track just annoys me because I saw Requiem for a Dream, and that pretty much numbs you to soundtrack effects forever because theirs was so good.
Anyway, I’m not going to jump out of my seat and scream “YOU BASTARDS!!” because they all suck. Obama, Bush, McCain, Mayor McCheese, the gals on the View…they all suck. No doubt everyone has a part in this, but making a video full of highlighted shock points followed by jump cuts and bullet points is just production. The attribution of rising gas prices to the housing market was nice touch, though.
Carter enacted this bill, and it worked, particularly during a time of great financial growth due to the reduced capital gains tax under Reagan. Then they expanded it and it didn’t work. Not only was there not enough financial growth in the US to support it (at those rates, there really couldn’t be), but work was disappearing (not taken by illegal immigrants, just taken by citizens…of the countries it was moved to) and even people that were once viable mortgage holders were suddenly left hanging. But that’s not all of it, that’s just some of it, and there’s plenty more, but to cover the whole thing would not be possible with what I know, which ain’t much. However, I tend to take an even approach to things and say they are all freaking complicit in the whole mess and laying blame is like looking at a Rube Goldberg machine in the dark and trying to figure out what turned the toaster on. This is a mess that everyone took turns getting rich off of, and then spent as much effort in misdirection and accusation of wrongdoing as they did getting the money.
It’s a beautiful system.
You know what’s to blame? iPods. iPods and Cell phones and GPS trackers and cable freaking TV and Starbucks and computers and everything else we use in this consumptive society. I am dead serious, we have invented another 20% burden on our finances that didn’t exist 20 years ago. We just freaking invented it. TV used to be free. The telephone used to be attached to the wall, and that was good enough. Coffee was 50 cents and a latte was…what’s a latte? We invented our own debt, and then we didn’t make enough much to cover it. And my favorite part is that greed led us to it, and greed made it worse. Trying to blame one group, one person, one act is like trying to figure out who’s responsible for the eye infection after making a bukkake film.
October 5th, 2008 at 7:40 pm