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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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Should the media and politicians be held responsible for fraudulent hydroxychloroquine reports?

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Saying a drug that clearly works, doesn’t work is Trump Derangement Syndrome beyond comprehension.

The Lancet Study on Hydroxychloroquine was fraught with errors and incomplete data. It was thrown together to let the world know that hydroxychloroquine doesn’t work. Well that study was retracted. A Henry Ford Health System study found the drug helped patients with COVID-19. Just as the president was saying. Trump mentioned HCQ and the collective mainstream media went into overdrive to prove him wrong. And once again Trump accused of lie of the century turns out to be right. He was clearly right in the beginning. The media said the drug could cause harm if not used correctly. That could also be said about aspirin or any drug.

Taking this derangement one step further was governors making it hard to get HCQ and banning it in some places from use. Now we know in hindsight the drug works and these politicians and media companies as CNN are libel for deaths of Coronavirus patients that died when a life saving drug was readily available in stockpile. Also the governors sending the elderly with COVID-19 into nursing homes with the most vulnerable also caused many unnecessary  deaths. Weren’t we told we had to save our grandparents? If we loved them don’t visit them to be safe? So why would governors send COVID-19 patients to nursing homes when they (New York) mainly was provided thousands of empty hospital beds on the navy ship and the convention center?

I have been following these people long enough to know these things are not an accident. Germany and Israel sent the United States millions of tablets of HCQ. They were at the ready and cheap. It’s been used for malaria since the 1960’s so the side effects have been tested, it is safe. Boris Johnson, British Prime Minister was saved with HCQ. Thousands around the world have been saved with this drug. So we must ask the question when will the media and politicians be dragged into a court of law for their negligent reckless reporting?

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By Michael Ameer

 

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Politics

Margaret Sanger, Planned Parenthood & The racists Democrats Part #3

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How can a party so entrenched in political correctness and against racism openly support Planned Parenthood founded by a raging racist?

Quotes of Margaret Sanger:

“The most merciful thing that a family does to one of it’s infant members is to kill it.”

“A free race cannot be born to slave mothers.”

“The most successful approach to the Negro is through a religious appeal. We don’t want the word to get out that we want to exterminate the Negro population.”

“Birth control must lead ultimately to a cleaner race.” Remember when Joe Biden referred to Barack Obama as clean and articulate?

“….such a plan (The Negro Project) would reduce the birth rate among the diseased, the sickly, the poverty stricken and anti-social classes, elements unable to provide for themselves, and a burden of which we are all forced to carry.”

Sanger felt the Negro was genetically inferior. Sanger charmed the Black community’s most distinguished leaders into accepting her plan, which was designed to their own detriment. “Ironically abortion has done what the Klan could only dream of. Roughly 1/4 of the Black population is now missing.” Alveda King, niece to the Rev. Dr. martin Luther King. Almost 80% of all Planned Parenthood clinics are in minority neighborhoods. The most dangerous place for an African-American is in the womb.

This is the playbook of the Democrats, get the Black population to back something that is design to their detriment. Blacks have been so indoctrinated that they cannot see this. The left plays the emotional game of racism and stoking the flames of a race war to keep the black vote firmly in it’s pocket. Margaret Sanger persuaded the black community to feel good about killing it’s own future.

“I admire Margaret Sanger enormously….I am really in awe of her.” said, Hillary Clinton. Clinton was also a firm supporter and fan of the late Senator Robert Byrd of West Virginia, former Ku Klux Klan recruiter. How does the left get away with blaming everyone for every form of racism in our history then openly embrace known racists in public and no one bats an eye? Margaret Sanger was an advocate of Eugenics of building a pure race and that made her a favorite of the Nazis and the Ku Klux Klan. She gave many speeches to these groups on her philosophy and theory of a clean race. Planned Parenthood still bares the name of it’s racist founder and lauded by Blacks all over. They are running around in their pink pussy hats giving life to an organization that was made to bring death to their own people.

Please research Margaret Sanger and The Negro project.

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By Michael Ameer

 

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The bone chilling fear of a Trump rally.

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Why is the left so petrified of Trump rallies?

In poker there is a thing called a tell. This is where your body language gives away your cards. The Democrats biggest tell is relentlessly trying to stop a Trump rally at all costs. One thing I have learned about the left is they will try to stop anything they are fearful of. They do it out in the open. This is their tell. They have vigorously tried to shutdown Trump on Twitter and social media. Trump has 186 million followers on combined social media. He is very powerful. He has almost half the population of America on his social media with whom he can directly communicate without the faulty corrupt filter of the media. They hate not being able to shape that messaging. The media lies, then Trump can refute instantaneously to his massive following. A reporter asked Trump since he is complaining about conservative censorship on social media like twitter, has he ever thought of deleting his account? Trump said yes of course he has. Paraphrasing Trump, if I had an honest news media I wouldn’t need social media! BOOM!

The rallies are also direct contact with the people, 25% of which are registered Democrats. This is another sore spot for the left. Democrats are walking away from the party in record numbers. The Dems have adopted identity politics which makes it almost impossible to keep middle American White working class voters. So now the chase is on for illegals to fill that voter loss. They are also hurting in losing the Black vote and voter apathy of those loyal Black supporters sitting at home on election day. A new Rasmussen poll had Trump Black approval at 41%.  If he gets anywhere near that in Black voter support in the election the Democrats are done. Many Democrats voted for Trump. This is a fact the media steers clear of. But please, please let me remind you. 200 counties in America that voted twice for Barack Obama hopped on the Trump Train in 2016! This is another self inflicted wound by the Democrats. Whites who’ve voted twice to support the first Black President resent being called racist on a daily basis by the radical and mainstream left. Their policies aren’t working and they are alienating many of their core supporters. The media will cover for them and say everything is peachy keen and Trump is a monster, when in reality the Trump support is higher than Ronald Reagan among Republicans and nothing demonstrates that fact more than a good ole fashioned Trump #MAGA Rally!

People wait in line to attend President Donald Trump’s Keep America Great Rally in Wildwood, New Jersey. Tuesday, Jan. 28, 2020.

Trump even had a massive crowd in the liberal state, my home state of New Jersey. Routinely there are tens of thousands of people outside of a Trump rally. There are more people outside of a Trump rally than inside of a Biden rally. Let that sink in. Trump can pull this massive crowd anywhere he goes in America dispelling the lie that he is widely unpopular. No politician in history has had Trumps consistently huge rally turn out numbers. Not even Barack Obama. This New Jersey rally was sparked by congressman Jeff van Drew who had become so disenchanted with the Democrat party threatening him that he must vote for impeachment of the president on their flimsy charges or he would be attacked and ostracized from his own party. Jeff van Drew defected and is now a proud Republican and Trump astutely rewarded the new GOP member with a massive rally in his home district that was very well received.

In politics visuals and messaging are paramount. The left does not want to juxtapose the Biden event with roughly 20 people in social distancing circles against a mega #MAGA rally from Team Trump! What is Biden’s resonating message? He has none or it could be…..C’mon man! Hillary Clinton also had no real cohesive messaging. Sooner or later they will realize you need more than I hate Trump to be your message. America wants to know what you are for not just what you are against. Trump promised to make America Great Again which in his goals made sense to middle America and Americans in general. Securing our borders, bringing manufacturing jobs back, renegotiating trade deals which sent all of our manufacturing jobs overseas, getting rid of sanctuary cities that are protecting illegal alien criminals, law and order and building a sustainably strong economy and energy independence. These are tried and true very simple policies which your average American can get behind. Most importantly he has delivered on 99% of those goals. Which aside from the skewed methodology on polling does not bode well for the stumbling bumbling Biden gaffe machine campaign.

If you have ever been in entertainment you know the best time to sell to supporters is at a live event. Trump knows this also. Many fence sitters have went to a Trump rally and saw first hand it’s not the Klan get together the media portrays it to be. I get 15 to 20 emails daily from all various aspects of the Trump campaign. They are very astute with their social media campaign, while Joe Biden has trouble making a video in his basement with written notes and grade school direction. A new Zogby Poll reported 55% of likely American voters think Joe Biden is in cognitive decline. Now with numbers like this how can you really think that Biden is a serious candidate.

Let’s look back at former President Richard Nixon. He has been vilified and taken out of the history books for getting impeached, but for historical context let’s look at some aspects of his election and presidency. After the great riots of 1968 a Republican garnered 32 states in his election. After left wing chaos and riots the country will turn to GOP law and order. Nixon’s re-election he won 49 states and he was in close consultation with Rev. Dr. Martin Luther King Jr. When MLK was arrested in one of his marches he called Nixon. Nixon was hesitant to get involved in the hot racially charged events and did not quickly get back in touch with Dr. King. The Kennedy campaign seized the political opportunity and that gesture of goodwill to Dr. King swung many Blacks to the Democrat party. So many are thinking the chaos and riots will be blamed on Trump while just the opposite will happen.

The Trump Tulsa rally will be the biggest one yet and that is saying something for the campaign which regularly packs arenas nationwide. The Democrats will futilely try to smear and stop it in anyway possible but the juggernaut will powerfully move forward.

News@11

By Michael Ameer

 

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