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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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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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Politics

No Nation Is An Idea

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The concept that “America is a timeless placeholder of ideas” is a common talking point that has been in circulation from both Conservative Inc., and the broader American Left for many years now. This saying is typically used as a divergence from addressing important policies as they pertain to mass immigration. Often, it is also used to stifle the growth of an American National Populist movement. Clearly, the unelected elites calling shots around the Western world seek to undermine valid and critical debate of the role of National Populism. Rather than emphasizing the importance of health, stable families, community, housing, and wages, our leaders have an obsession with growing GDP, doing the bidding of predatory crony capitalists who are constantly pushing to import cheap labor, and retaining power for generations to come. 

The fact of the matter is, Americans (and humans in general) seek more than cheap, 4k television sets, quirky tupper-ware for last night’s leftovers, and salad shooters that break after a few uses. We are innately spiritual beings who long for community, order, and social cohesion. The United States of America is not an idea… actually, no nation is an idea. As further disorder ensues among the population, the elites have made sure to use their corporate-funded foot soldiers as a means to promote a very new, Neo-Liberal agenda. This agenda is the concept that the beautiful mountains, forests, and lakes of our Nation would mean absolutely nothing without this arbitrary term of “ideas.” The blood, sweat, and tears American workers shed producing automobiles in Michigan, the early mornings for the farmers of Iowa, and the dedicated fishermen of California, all mean nothing if this is but a plot of land where the British came to talk about the importance of small government. 

Although we can appreciate the writings of philosophers like John Stuart Mill, John Locke, and Adam Smith, the “marketplace of ideas” means absolutely nothing to people who see the world completely different than you. It is apparent that the philosophy of our ancestors and founding fathers have changed the world. In an American context, the very concepts of things like liberty, freedom of speech, and the right to bear arms should be held in the highest regard. Among Conservatives and the American Right, these values are not even up for debate. Unfortunately, much of Conservative Inc. (who are just liberals who want to keep more of their money) do not recognize (or are blatantly ignorant to) the sacrifices made by the ones who came before them.

To put this into perspective, Turning Point USA founder Charlie Kirk previously stated, “I have loyalty to ideas.” Kirk says, “Of course I love the Grand Canyon. I love the Rocky Mountains. And I love Boston. And I love Chicago. But if all that disappeared, if all I had was ideas, and we were on an island, that’s America. That’s Israel. And that’s what people have to realize, America’s just a placeholder for timeless ideas. And if you fall too in love with, oh, the specific place, and all this…that’s not what it is.” What Kirk fails to recognize is that the physical reality of a Nation is what manifests those very ideas he holds so dear. 

Nations are unique, with celebrations and folktales that those who inhabit the land feel relation to. Nations are made up of a people. Nations are traditions. Nations are land, resources, and landmarks. Nations are history – the good, the bad, and the ugly. No Nation is an idea.

 

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