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[...] in M, Politics checkDigg(”http://www.butasforme.com/2009/03/11/treasury-secretary-declares-%e2%80%98capitalism-will-be-different%e2%80%99-in-new-era/”, “39072″, “http://www.butasforme.com”); Quick Take: Treasury Secretary Declares ‘Capitalism Will Be Different’ in New Era → Read full article… [...]

The tragedy that’s unfolding is the result of government intervention in the markets(artificially lowering interest rates,Fannie and Freddie giving mortgages to those who shouldn’t have one).It was precisely the lack of “capitalism” that got us here.
By the way what’s called “capitalism” is not an “ism”,it was named by its detractors(the communists)it is only free people engaging in commerce whose dynamics are regulated by natural risks and rewards which maintains a balance.
Once the government crews with it,it loses its controls and here we are.

[...] the rest here:  Treasury Secretary Declares ‘Capitalism Will Be Different’ in New Era Filed Under: Latest News VideoTagged: pcu [...]

As a business owner, I’m appalled by the Secretaries assessment that Capitalism will be changed by the current economic crisis. If his new definition of capitalism is “Government promoted and sponsored financial institution rape of the American Taxpayers property” then I would agree and it should be changed.

Tragedy, when *real* homeowners and *real* job holders watch this bunch of bozos led by the big eared PrezBo drill this once great country into the ground !. Hopey-change, you bet. Thanks again all your Soccer Moms for Obambi (and your wet dreams) for putting this crew in charge.

When Obama signs this bloated piece of legislation as he is expected to do, he will be putting another nail in our nation’s economic coffin, breaking his much professed campaign promises of NO EARMARKS -

“And when I’m president, I will go line by line to make sure that we are not spending money unwisely.”

THIS WILL BE “THE MOST HATED” ADMINISTRATION EVER IN AMERICAN HISTORY.

“Wisdom” from an “intellect” who couldn’t manage to use TurboTax.

Capitalism ala Obama/Geitner = MARXISM!

YOUR DAY WILL COME!

It is time to prevent hussein voters from being able to vote ever again.

What is the Republican plan/proposal to fix our financial system?

Let’s hear it!

OK here it is…………………………. Nothing…………..!

Everything will fix itself but, we didn’t break it, the black guy did!

Signed

Deregulating Republican

Jeesh, their ignorance makes my ears hurt…

When will the Liberal Democrats admit it – the problems were Democrats forcing the Community Reinvestment Act “regulations” onto banks under Clinton, with Janet Rino strong arming banks into writing these sub-prime mortgages. This Democratic failure pulled the rug out of global economies.

If the treasury secretary can’t recognize that – then he is clueless.

The problem with blaming the CRA is that it applied to financial institutions. 80% of the subprime mortgages were written by mortgage companies and mortgage brokers. The CRA didn’t apply to them. You can maybe try to blame other policies but if you do that then you’d also have to blame the deregulation of OTC financial instruments that passed in 2000. If I’m not mistaken republicans were in control back then.

This is the guy who was in charge of the New York fed while all this crap was happening, and Obama’s cabinet is full of “Hey Bill I’ve got a great ideaR” Rubin followers. Gesssshhhhh

YES OR NO?

Geithner is a bilderburg tool.

http://www.liveleak.com/view?i=179_1213043206

[...] can also thank Bush for expanding this BS with that whole TARP fiasco. But don’t you worry. Now the Treasury Secretary and tax cheat Tim Geithner says Capitalism will be different now? You mea…? Watch the following [...]

@Rush Limplaugh – you are an economic illiterate. You should learn the difference between Monetarism, Keynesianism, and true Free-Market Capitalism ala Von Mises, then spout off your yap from at least a tiny position of knowledge.

We know what to do, let the market self-correct, suffer the pain required to remove the deadwood, let lackeys like you lose their home, and never let morons of your ilk gain power again.

Geithner should have the good sense to admit he knows zip, can do nothing, has nothing, and then go home. But this is the guy that didn’t pay the taxes that the IMF sent him memos to remind him to pay, and cashed and kept that check they gave him to paid said taxes. Oh yeah that was a hiccup in the life of a democrat genius a.k.a. low-brow for the rest of us.

To Rush Limplaugh, If memory serves me correct, it was the White House that made overtures to correct the abuses that came to light in 2005-6. We had to hear the sage voices of Mr. Frank and Ms Waters not only say the departments in question were solid, but did their best to publicly undress the White House and the Repubs. The Dems saw what was going to happen and knowingly let it happen with the endgame of crippling the Repub party in 2008. In essence they knowing set America a drift to regain the reigns of power. That has always been the Dems goal, they would rather govern a third world country than be a positive influence in one of the most powerful and productive nation in the history of man.

beady-eyed tax-cheating elf…

Secretary Beavis is that you? 12 years after his MTV television show and he surfaces as Secretary of the Treasury. What a country.

He should pay a windfall forehead tax.

[...] Original Article: Breitbart [...]

Thanks to all the libtard moms and gaybobs for voting in these stooges. The only difference between the 3 stooges (Larry, Moe, and Curley) and these 3 (Obambi, Geithner, and Wild Joe Biden) is the 3 stooges were professionals.

I had actually never seen a president and Treasury secretary talking the stock market down, ON PURPOSE. Don’t they understand the mess that Barney Franks and Chris Dodd created the last 2 years is OWNED by democrats. Meanwhile Frank clearly believes he can talk the responsibility onto someone besides himself. Sorry Barney, you created it with subprimes and letting Fannie run wild, you own it.

What a contrast, after 9/11 Bush went on TV and encouraged Americans to continue living their lives and spend money so the economy would keep running. Obambi, tells people to stop spending, save for a rainy day.

It would be funny if it weren’t real.

Why does it feel like I’m now living “One Flew over the Cuckoo’s Nest” where Obambi plays the Nicholson charector and the stock market plays Nurse Ratched. Doesn’t Obambi realize that his charector dies in the end. The frightening part is then O’Biden, Mr Plagerism himself, would become president.

Now that’s a scary thought.

This guy should be in JAIL!

As far as I remember the Federal Reserve was establish to eliminate recessions and depressions like this and the one in 1929? But ever since it was established, all we have is recessions and economic instability. Down with the Fed!

I can’t blame Obama so much. Must thinking people knew he was a marxist and he is doing pretty much what he said he was going to do. Obama never created a job or had to meet a payroll in his whole life. He never had to manage anything in his whole life. And so we expect a different/better result because he is president?
But what’s worse than Obama is this id!ot Biden. And even worse than Obama and Biden is Geithner. This guy was on the board of the Fed. He KNOWS what makes capitalism work and he’s denying it. We need a “new face” on capitalism? No, we need Geithner to stick to conservative economic principles. He should quit as Treasury Secretary and come forward about Obama and his economic ill!teracy and stop talking this b_llsh!t.

I can’t blame Obama so much. Must thinking people knew he was a marxist and he is doing pretty much what he said he was going to do. Obama never created a job or had to meet a payroll in his whole life. He never had to manage anything in his whole life. And so we expect a different/better result because he is president?
But what’s worse than Obama is this idiot Biden. And even worse than Obama and Biden is Geithner. This guy was on the board of the Fed. He KNOWS what makes capitalism work and he’s denying it. We need a “new face” on capitalism? No, we need Geithner to stick to conservative economic principles. He should quit as Treasury Secretary and come forward about Obama and his economic illiteracy and stop talking this bullsh!t.

It’s “consumerism”, not capitalism, that led us here. Now in move the totalitarian commies, aka OBAMA. May Jesus help us all!

SWEET!

Capitalism 2.0! Can’t wait. who wants to buy something? Who wants to sell something? Lets do this!

Using Geithner’s thesis, human commerce couldn’t even exist without government intervention and that is preposterous. The problem didn’t happen because there were no government regulations, the problem happened BECAUSE of the government intervention in the free market. He talks about clearing out “abuses” but he neglected the real problem, mal-investment, which the FED and Treasury won’t allow to be liquidated.

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