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Bailing Out The Rich Only Makes It Worse

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(Via Zerohedge)

In 1948, the architect of the post-war American suburb, William Levitt, explained the point of the housing finance system. “No man who owns his own house and lot can be a Communist,” he said. “He has too much to do.”

It’s worth reflecting on this quote on the ten-year anniversary of the financial crisis, because it speaks to how the architects of the bailouts shaped our culture. Tim Geithner, Ben Bernanke, and Hank Paulson, the three key men in charge, basically argue that the bailouts they executed between 2007 and 2009 were unfair, but necessary to preserve stability. It’s time to ask, though: just what stability did they preserve?

These three men paint the financial crisis largely as a technical one. But let’s not get lost in the fancy terms they use, like “normalization of credit flows,” in discussing what happened and why. The excessively wonky tone is intentional – it’s intended to hide the politics of what happened. So let’s look at what the bailouts actually were, in normal human language.

The official response to the financial crisis ended a 75-year-old American policy of pursuing broad homeownership as a social goal. Since at least Franklin Delano Roosevelt, American leaders had deliberately organized the financial system to put more people in their own homes. In 2011, the Obama administration changed this policy, pushing renting over owning. The CEO of Bank of America, Brian Moynihan, echoed this view shortly thereafter. There are many reasons for the change, and not all of them were bad. But what’s important to understand is that the financial crisis was a full-scale assault on the longstanding social contract linking Americans with the financial system through their house.

The way Geithner orchestrated this was through a two-tiered series of policy choices. During the crisis, everyone needed money from the government, but Geithner offered money to the big guy, and not the little guy.

First, he found mechanisms, all of them very technical—and well-reported in Adam Tooze’s new book Crashed—to throw unlimited amounts of credit at institutions controlled by financial executives in the United States and Europe. (Eric Holder, meanwhile, also de facto granted legal amnesty to executives for possible securities fraud associated with the crisis.)

Second, Geithner chose to deny money and credit to the middle class in the midst of a foreclosure crisis. The Obama administration supported this by neutering laws against illegal foreclosures.

The response to the financial crisis was about reorganizing property rights. If you were close to power, you enjoyed unlimited rights and no responsibilities, and if you were far from power, you got screwed. This shaped the world into what it is today. As Levitt pointed out, when people have no stake in the system, they get radical.

Did this prevent a full-scale collapse? Yes. Was it necessary to do it the way we did? Not at all.

(Full Article Here)

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Democrats

Progressive Delaware Website Uses Picture of African-American Candidate as Clickbait for Transgender Candidate.

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Wilmington, DEBlue Delaware — a far-left website that seeks to cover politics in Delaware from a liberal and progressive perspective, and hold Democratic office holders accountable to their ideology — used a Republican Candidates’ picture, Steven Washington, as a link to an article supporting his opponent, Tim McBride. Tim now goes by the name of Sarah, and is a transgender activist-turned-Delaware State Senate candidate. Both candidates are running for Senate in Delaware’s 1st Senate District. 

https://www.google.com/imgres?imgurl=https://i0.wp.com/bluedelaware.com/wp-content/uploads/2020/02/14257573_1309511252405875_2121716808778731178_o.jpg?fit%3D1079%252C880%26ssl%3D1%26resize%3D350%252C200&imgrefurl=https://bluedelaware.com/2019/07/09/sarah-mcbride-to-run-for-the-1st-senate-district/&tbnid=erRoKRZxPXM4nM&vet=1&docid=0Cr1dQEiYD1FQM&w=350&h=200&q=steve+washington+for+sd1&source=sh/x/im

When reached for comment regarding his thoughts, Steven Washington said: “I’m not sure that it was purposeful, but it doesn’t send a good message, and displays implicit racial bias.” 

When Mr. Washington first announced his candidacy, McBride’s Campaign Manager, Phoebe Lucas, released a statement claiming that the Republican party recruited heavily to find someone to run against McBride, because it 

“sees Sarah as a threat…picked a candidate who is already testing messages to attack Sarah on ‘family values.’ And we all know what that means.” 

Populist Wire isn’t exactly sure which candidate ranks higher on the Intersectionality score at this time. According to sources familiar with the GOP of Delaware, the party isn’t actively recruiting candidates to target specific threats, but rather to field a candidate for every contestable office.  

Sarah McBride, whose birth name is Tim, is a man suffering from gender confusion. According to researchers such as Dr. Paul McHugh from Johns Hopkins University School of Medicine, people suffering from such confusion have higher than usual rates of suicide, which is not reduced after “gender transition” therapy or “sex reassignment” surgery:

“Transgendered men do not become women, nor do transgendered women become men. All (including Bruce Jenner) become feminized men or masculinized women, counterfeits or impersonators of the sex with which they ‘identify,’ In that lies their problematic future,” 

Chris Hyde, from Birmingham University’s Aggressive Research Intelligence facility, when discussing gender reassignment surgeries states: 

“there’s still a large number of people who have the surgery but remain traumatized – often to the point of suicide.”

A brief overview of ‘Sarah’ McBride’s financial reports indicate that the majority of their donors are from out-of-state donors who enjoy enabling such confusion and suffering. 

Delaware’s 1st Senate District is predominantly African-American. Transgenderism is a tough sell in that community, but usually Republicans are too. This should be interesting. Steven Washington’s website is: 

votestevewashington.com 

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Culture

Neo-Con & Israeli Puppet Dan Crenshaw Lies About America First Patriots, Just Like He Did About Trump

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Dan Crenshaw continued an onslaught of attacks against Nick Fuentes, Michelle Malkin, and America First patriots by labeling them “vehement racists, antisemites, & ethnic nationalists”. This is a far cry from the truth. He also went on again to call America First patriots as ‘antisemitic’ in a response to Michelle Malkin blocking him. Dan Crenshaw also supported Red Flag laws, something that also got him a lot of flack. He also criticized Donald Trump in 2016 on top of coming out in favor of same-sex marriage, all of which that has been questioned and exposed of Mr. McCain, oops, we mean Crenshaw.

It is very apparent Mr. Crenshaw has nothing but an ‘Israel First’ policy, constantly making linear conclusions between conservatism and support for Israel. Making his own opinion that if you don’t support Israel, you don’t support America. A very sick and warped view of America Politics in general, some would say traitorous. Dan Crenshaw represents the worse the establishment can offer so far, he must be unseated, exposed, and further more shammed from the conservative movement, along with all the other conservative grifters and Conservative Inc. types.

Dan on Red Flag Gun Laws:

Dan’s Facebook Post from 2016 denouncing Trump’s “hateful rhetoric”:

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Politics

Conservative Inc. Coordinates Attack on Nick Fuentes and Michelle Malkin for being America First Patriots

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Since the ‘Groyper War’ Phase 1 was a decisive victory following the November 14th ‘Change my Mind’ rip-off Charlie Kirk attempted to pull off, this late weekend we’ve seen a new onslaught of attacks from many mainstream Republican pundits, attacking Nick Fuentes and Michelle Malkin for their American First allegiance. Conservative Inc. is scared of the true conservatives exposing them and their big donor’s motives & hypocrisy. Even YAF (Young Americans Foundation) who even recently hosted Michelle Malkin, disavowed “holocaust deniers, white nationalists, street brawlers, or racists”. A slew of other clips and comments were made by Guy Benson, Michael Knowles, Stephen Miller, Bradon Tatum,Jordan Schachtel, & Matt Walsh.

Twitter threads about Fuentes and Malkin

Tweets Supporting Fuentes and Malkin

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