Rep. Joe Walsh Loses Cool at Town Hall: ‘That’s Not the Problem!’
- Posted on November 9, 2011 at 8:26am by
Jonathon M. Seidl
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Rep. Joe Walsh (R-IL) is usually a mild-mannered guy with a heavy Midwestern accent. But during a town hall meeting on Sunday, he let his emotions fly while answering constituent questions on the banking industry and government regulation.
The “Cup of joe with Joe Walsh” event at a Gurnee, IL UNO bar and grill seemed to start off cordial enough. Video of the event picks up with a calm Walsh discussing random bills, taking a shot at John McCain, and calming a veteran’s fear about veterans benefits. But about six minutes in, a constituent brings up AT&T wanting to buy T-Mobile, and how it has the potential to be a monopoly. That eventually led to a discussion on government regulation and intervention, and some attendees took shots at big banks being in bed with government. Walsh had about enough of that.
Here’s a transcript (which we have fixed and added to in some places):
WALSH: That’s not the problem! The problem is you’ve got to be consistent. And I dont want government meddling in the marketplace. Yeah, they move from Goldman Sachs to the White House, I understand all of that. But you gotta’ be consistent. And it’s not the private marketplace that created this mess. What created mess was your government, which has demanded for years that everybody be in a home. And we’ve made it easy as possible for people to be in homes. [...] The government sets the rules. Don’t blame banks, and don’t blame the marketplace for the mess we’re in right now! I am tired of hearing that crap! [...]
CONSTITUENT: You don’t have to scream at me.
WALSH: No, you know what, because this pisses me off! Too many people don’t listen. [...] Government screwed this problem up. What do you want? Well you know what you got, you got Dodd-Frank. [...]
WALSH: Quiet for a minute! Quiet for a minute!
CONSTITUENT: Joe, what did I say–
WALSH: Quiet for a minute or I’m going to ask you to leave. You need to listen, or I’m going to ask you to leave.
Walsh even passionately confronted a female constituent during the argument:
You can watch the relevant part below:
The full 50-minute video is available here.
It should be noted that during the exchange Walsh yelled out, “I need more coffee,” and those in attendance chuckled and told the restaurant to bring him decaf, showing the mood was more of a passionate debate than an angry politician making everyone uncomfortable. And Despite the passion, Walsh also seemed to know the people he was talking with, addressing two of them by their first names, and no one ever seemed to be afraid of Walsh’s demeanor. Additionally, the end of the video shows that the people stuck around, and Walsh even shook hands with the female constituent he had argued with earlier.
(H/T: HuffPo)
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Comments (313)
txwheels
Posted on November 9, 2011 at 9:04amJoe is right. But there is ONLY one way we‘re going to change what’s going on. And here’s how.
http://www.youtube.com/watch?v=9zYh0RsCXys
schroeder123
Posted on November 9, 2011 at 9:43amYES ! YES ! YES ! This guy is so right !
Report Post »KSherrell
Posted on November 9, 2011 at 10:02amTXWHEELS….GREAT VIDEO YOU POSTED…put in on twitter and facebook. People, if you belong to the TEA PARTY make your voices heard again like last year!!! This OWS is a diversion to get OBAMA re-elected.
Report Post »sta
Posted on November 9, 2011 at 10:03amThe Blaze staff is ready to jump on the “mean old republican” line. Pity the guy is so right.
Report Post »jzs
Posted on November 9, 2011 at 10:05amHow did the government “force” banks to loan money for unqualified people to buy homes? Was there a law passed that requires banks to loan money even against their best financial interest? What law is that? Does an FBI guy stand there threateningly while the loan applications were reviewed? You know, I hear that argument a lot, but I don’t believe it.
Yeah, sure, the guy wasn’t acting crazy, he was just “passionate.” The crowd was joking because they were making fun of him.
Report Post »encinom
Posted on November 9, 2011 at 10:17amThe Tea Party members of Congress are losing their minds. They can’t keep the lies up and they are cracking.
Report Post »VoteBushIn12
Posted on November 9, 2011 at 10:17am@TXWHEELS
Are you using YouTube to get your message out? Ya know, YouTube is owned by Google… doesn’t that scare you?
Additionally, your message in your video sounds like you favor Occupy Wall Street… Interesting
Also you say “Everybody’s gotta pull together“ and ”by yourself you are nothing… but as one we become somebody”… that sounds slightly Socialist, no?
Are you a Marxist/Communist/Socialist/Progressive/Liberal/Muslim/Minority/Homeless/Hippy?
Report Post »MONICNE
Posted on November 9, 2011 at 10:17amThis is the same guy who is behind on his alimony and child support – by 6 years?
TEA
Report Post »bechokoy
Posted on November 9, 2011 at 10:29amThis is for JZS read this link
Report Post »http://www.businessweek.com/the_thread/hotproperty/archives/2008/02/clintons_drive.html
SIGNOFTHETIMES
Posted on November 9, 2011 at 10:29amTXWHEELS. I see your point and in a perfect world this would work. Flaws: 1) you are unlikely to get a majority of national voters to come together. Remember there are many who are riding in the wagon being pulled by us, they don’t want to give up the goodies. There are many that just don’t care or pay any attention to politics (too busy with the super bowl and America’s got talent). 2) do you really think the elite class (political parties), faced with that possibility, would stand by and do nothing? They would find reason to suspend elections or declare national emergency (martial law). This has already been considered and has been mentioned by Democrat office holders. I Know your frustration and support your passion. If we can succeed in restoring American values it will be bloody. Know GOD and your heart and prepare for the worst while hoping for the best!
Report Post »C. Schwehr
Posted on November 9, 2011 at 10:31amJZS: We know you’re a TROLL here, and are defending the insanity of Frank/Dodd/Obama, but here we go again. YES there were laws that forced banks to give sub-prime loans to people they knew couldn’t make the payments…..Banks were threatened by the federal government with being forbidden to expand operations, with harassement inspections of their books, with all manner of fraudulent actions if they didn’t do as the federal government told them. Banks were BLACKMAILED by the federal government!!! You know this as well as everyone else here knows it…And yet you continue to be the apologist for this insanity!!! WHY????
Report Post »sooner12
Posted on November 9, 2011 at 10:34am@JZS……You need to get up to the times. The information is out there. Do your homework before you shoot off your mouth. But if you did as I recommend you wouldn’t have anything to say on the Blaze now would you.
Report Post »ashestoashes
Posted on November 9, 2011 at 10:39amI saw Joe on Fox this morning…I like this guy..
Report Post »theaveng
Posted on November 9, 2011 at 10:40am>>>How did the government “force” banks to loan money for unqualified people to buy homes? Was there a law passed that requires banks to loan money even against their best financial interest?
>>>
Not a law, but a HUD regulation. Banks were required to issue mortgages to poor people, or else be sued by the DOJ for “discrimination”. Here is the video. Note that the guys blames democrats, but I blame BOTH parties. Both screwed up
HUD Secretary Andrew Cuomo caused the
Report Post »Subprime financial Crisis with Affirmative Actions Mortgages
http://youtu.be/Lr1M1T2Y314
Rob in Katy
Posted on November 9, 2011 at 10:56amJZS: in short, yes they did. they have to give a percentage of low income high risk loans or they face recriminations from the Fed. They will be denied the ability to open new offices. They will be subject to punitive audits and a whole host of other things that are direct punishment for not losing money on bad loans. They have to give high risk loans with little or no collateral and then must ask for 3 times the normal collateral on good loans from customers with excellent payment records with the same bank. In short, they are facing businesses to do the worst thing possible for business – communism at its finest.
Report Post »JRook
Posted on November 9, 2011 at 10:59amJoe is wrong and passion when he says his load of crap doesn’t make it any truer. Wall Street knew exactly what they were doing when they created Mortgage backed securities to avoid Banking regulations regarding mortgages and Credit Default swaps to avoid insurance regulations. I have no doubt that there were members of the Federal government on both sides of the isle that were complicit and benefited economically. My neighbor was a sub prime mortgage guy. He knowingly omitted or falsified information on virtually every mortgage he closed and most of them were with people who could afford to buy a house legitimately, probably not the one he helped them buy, but the house they could afford. Joe’s rant does not explain why the majority of the sub-prime mortgages we in properties bought by middle class couples and speculators. This was not a case of the poor or the unemployed getting something for nothing. It was about everyone involved getting over leveraged from Wall Street down. But it began at Wall Street.
Report Post »drattastic
Posted on November 9, 2011 at 11:10amDon’t think for one second that people like JZS and ENCINOM care about FACTS or the TRUTH. They, like the BRAINDEAD ZOMBIE woman at the bar, regurgitate what they have been conditioned to believe.You can’t deprogram the willfully ignorant , They like being fat ,lazy and stupid.
Report Post »Alucard
Posted on November 9, 2011 at 11:42am@JZS Wow, you have said some things that I just don’t agree with but this has to be one of the dumbest yet. Affordable housing act? Community reinvestment act? HUD? TARP? There is a ton of regulations that have to be followed when going through the mortgage process. Have you ever bought a home? I‘m not saying the banks don’t share in the blame but it was the government that has allowed this to happen and then financed it with tax $.
Report Post »AvengerK
Posted on November 9, 2011 at 11:43amPlease JZS…just stop it..just stop being such a crushing bore and pathetically myopic leftist eggplant.
Report Post »The mortgage meltdown has it‘s roots in Jimmy Carter’s Community Reinvestment Act of 1977. This was a result largely of Democrats and their lobby arms lobbying for “affordable housing for all”.
The CRA was not a static piece of legislation. It evolved over the years from a relatively hands-off law focused on process into one that focused on outcomes. Regulators, beginning in the mid-nineties, began to hold banks accountable in serious ways. Banks responded to this new accountability by increasing the CRA loans they made, a move that entailed lowering their lending standards.
The Fed pushed interest rates down. This made refinancing more attractive, and created an investor demand for yield. Fannie and Freddie popularized low-income securitization. Low defaults and loss rates from lax loans made them seem not as risky as previously expected. A shrinking consumer asset base thanks to the dot com bust created a demand for home-equity loans and high loan-to-value loans, as consumers exchanged high-interest credit card debt for low interest home debt. Speculators seeking higher returns and ordinary home buyers became aware that lax lending standards would allow them to buy bigger homes with little or no money down.
I know you‘re an idiot and you didn’t understand anything I just presented to you…I will post a continuation to further humiliate you….
Bible Quotin' Science Fearin' Conservative American
Posted on November 9, 2011 at 11:47amJoe is a small thinker who believes that one thing caused it. The same old tired “too much regulation” crap. You have to have regulation because greed doesn’t self regulate. No wonder the Tea Tardy likes him. He’s a loud, finger-in-your-face moron just like them.
Report Post »AvengerK
Posted on November 9, 2011 at 11:47amLet’s continue your humiliation JZS…
The CRA is little more than liberal feel-good social engineering that levels the playing field for low-income minorities. According to liberal thought, institutional racial discrimination was the reason banks were not approving enough loans for minorities.
The federal government, therefore, had to intervene. The Clinton administration revived and enforced the Act in the1990s with vengeance; and with a little help from groups like ACORN, minority loan approvals reached all-time highs. Application of the Act was done in the name of the right to “affordable housing.” Affordable housing really meant that everyone has a right to get a mortgage on a home. At the threat of ACORN members getting crazy in bank lobbies and with the coercion of federal law, traditional qualifications for getting loan approvals (verifiable income levels, sufficient down payments, standard credit histories, etc.) were thrown out the window.
What the federal government forced upon the mortgage industry was like the screeching of fingernails on a chalkboard to the principles of the free market.
Application of the Act was done in the name of the right to “affordable housing.” Affordable housing really meant that everyone has a right to get a mortgage on a home. At the threat of ACORN members getting crazy in bank lobbies and with the coercion of federal law, traditional qualifications for getting loan approvals (verifiable income levels, sufficient do
Report Post »AvengerK
Posted on November 9, 2011 at 11:54amLets continue rubbing your face in your ignorance JZS…
Report Post »Prior to the mortgage bubble’s burst, the bankers were the good guys so long as they were lending to people who really couldn’t afford homes. The government’s manipulation of the markets led to trading in worthless paper and derivative hedging by greedy Wall Street investors. But in the heyday of easy loans, easy money, and rampant corruption at Freddie and Fannie, the Democrats were happy and content…see: Barney Frank.
So long as home prices were going up and equity was accruing, the artificial markets seemed almost real. The subprime loans seemed to work. It went on for many years. But after gas prices began hovering at $4.00 per gallon, waves of mortgage defaults crashed throughout the country. Once the system collapsed, a new set of facts was needed — and reality was quickly turned upside-down.
The mortgage people were suddenly guilty of selling “predatory loans” to innocent minorities. Liberal Democrats had authored, implemented, and maintained the irresponsible lending policies which led to the financial crisis. But after the burst, we saw the most culpable Democrats — Obama, Dodd, Frank, et al. — blaming the Republicans and capitalism.
The best fiction novelist in the world couldn’t make this stuff up.
Again JZS…I know you‘re an idiot and there’s simply too much here for you to process in that atrophied organ you have logded in your skull. But it’s fun to make you eat your words nonetheles
jzs
Posted on November 9, 2011 at 11:55amSorry, no, the banks were neither forced or blackmailed to give out loans. You’ll find your sources are all dated after the financial collapse, not before, when people started casting around for a reason to blame Clinton 7 years after he left office.
Banks were betting, and winning for years, that even if someone defaulted, the house would be worth more at that point than the original loan. It’s no different now, when banks are happy to issue a credit card to almost anyone regardless of their ability to repay. They may lose money occasionally, but they overall they net money with late fees and 25% interest rates on those that try to pay before defaulting.
Besides, doesn’t it seem a little silly to try and blame Clinton given that over a decade had passed since his housing initiative? Why not blame FDR?
Report Post »drphil69
Posted on November 9, 2011 at 12:02pm@JZS, @EM, @JROOK
Yes, liberalism at its finest… PLEASE DON’T PREPARE FOR ANY GOVERNMENT MADE DISASTERS, EVERYTHING IS FINE, DON’T WORRY. YOUR WONDERFUL LEADERS WILL BAIL YOU OUT WITH FOOD STAMPS, WELFARE, FREE HOUSING AND FREE ELECTRICITY. DON’T STORE FOOD, DON’T BUY GUNS OR AMMO OR GOLD OR SILVER. INVEST YOUR MONEY IN TREASURIES.
For the rest of us regular people, BE PREPARED.
Report Post »AvengerK
Posted on November 9, 2011 at 12:06pmThat’s it JZS…put your fingers in your ears and say “la la la I can’t hear you”. I told you clearly that you‘re too stupid to understand what’s presented to you. You’ve vindicated me. Not that I was faced with anything too difficult to predict.
Report Post »TD_MI
Posted on November 9, 2011 at 12:16pmA reply to JZS’s question on the subprime mortgage mess: http://news.investors.com/Article/589858/201110310805/Housing-Crisis-Obama-Clinton-Subprime.htm
Report Post »jzs
Posted on November 9, 2011 at 12:18pmI see AVENJERK, is now blaming Jimmy Carter for the 2011 economic collapse. So it started with Carter, Reagan was blameless (regardless of his tripling the national debt), then Clinton made things worse (although he balanced the budget) then Bush tried to fix everything but, oops, after 7 years of his policies, the Great Recession occurred. I guess Kennedy had a hand in it too.
Let me guess, you’re blaming the Democrats, then reasoning backwards. And you probably blame Obama too, even though the collapse happened a year before he took office.
Sorry, doesn’t fly Avenjerk.
Report Post »Bible Quotin' Science Fearin' Conservative American
Posted on November 9, 2011 at 12:18pmAvengerK
the irony is that you are doing exactly what you’re pointing your finger at. and the circle continues.
Report Post »JRook
Posted on November 9, 2011 at 12:19pmJoe should focus on paying his back child support. Can’t trust or believe someone who would not provide adequate support for his kids.
Report Post »AvengerK
Posted on November 9, 2011 at 12:24pmI told you JZS..you’re too stupid to understand what I presented to you. The facts are the facts. You’re stuck in your myopic leftist haze and cannot see beyond it. You offer conjecture and your peurile formulations while I give you the undisputed facts and you just keep saying “la la la I can’t hear you”. I didn’t expect you to acknowldege anyyting I presented to you. But it’s fun to humiliate you nonentheless watching you distort and ignore the truth is testament to your idiocy. Your juvenile leaps, ommissions and conjecture are laughable. You’re an eggplant.
Report Post »banjarmon
Posted on November 9, 2011 at 12:27pmSAY IT’S SO JOE!!! Well said SIR!!!!.
Report Post »Government created the problem so they can pass laws to fix it…..NOT!!!!!
AvengerK
Posted on November 9, 2011 at 12:28pmDAS KAPITAL QUOTIN, CHRISTIAN FEARIN’, LEFTY…your flatulence is noted.
Report Post »MHP
Posted on November 9, 2011 at 12:32pmJZS
Dodd-Frank and Freddie Mac and Fannie Mae forced them to give any coons loans, and now the houses that were built for them are now trashed, like they were before. I know that myself as I’ve seen them.
Coons live in trash
jzs
Posted on November 9, 2011 at 12:35pmAVENJERK, you sure like to call people names. Do you feel like it supports your argument that Jimmy Carter caused the 2008 financial collapse? Or is it simply because only “stupid” people could possibly disagree that Carter caused the economy to go under 30 years after he left office, and 7 years into Bush’s took office?
Report Post »Dan_o
Posted on November 9, 2011 at 12:38pm@JZS, we can only give you the facts. We can’t understand them for you or make you believe them. The gov’t required banks to make unhealthy loans. They did then repackaged the debt as CMO and CDO with high interest rates, hence the hedge funds, hence the collapse, hence the foreclosures, etc. Not only does it make sense, it happens to be true. Sorry if you don’t believe it, but that doesn‘t change the fact that it’s true.
Report Post »Put_God_ First
Posted on November 9, 2011 at 12:45pmI agree with you.
Report Post »good video!
I know the woman was one of the persons sent there by the left to get him worked up.
She would no more vote for him or anyone on the right if she had to.
She had the leftist propaganda down to the letter.
Look at her eyes when he is getting worked up.
She is delighted that her plan was working. Just look at her eyes.
AvengerK
Posted on November 9, 2011 at 12:49pmJZS..I defer to DAN-O’s post. He puts it in much better terms than I could have. He’s reiterating the saying “you can take a horse to water but you cant’ make him drink it”. Similarly…you can be presented the facts, but you can’t be made to understand them. I‘d call you the horse in this instance but I’d be insulting a horse’s level of intelligence. Perhaps if we just told you to tap your hoof..once for yes and twice for no?
Report Post »AvengerK
Posted on November 9, 2011 at 12:56pmMHP…let me guess..you’re one of those lefties that posts racist comments under the pretense of being a conservative and expect a deluge of “hell yeahs” to follow your hatespeak? You seem to be under the impression that the left’s penchant for group think is apparent also in conservatives? Perhaps you should just spare us your buffoonery, just take a screen shot of your racist rants, take them to Moveon and try “see?..they’re all racists over there”. You should get your desired “up twinkles” there.
Report Post »Bible Quotin' Science Fearin' Conservative American
Posted on November 9, 2011 at 1:01pmSo, I type the word that starts with tea and ends with b4g and my comment doesn’t show up (so far. who knows on this laggy site)
but MHP can use the n word and say something totally racist and there it is. Says a lot about this place. Wonder who the grand wizard is.
Report Post »jzs
Posted on November 9, 2011 at 1:10pmDan, that is your truth for certain, although I’m not sure many people outside the demographic of this website, let alone any economists, would agree with you. Some talk about the artificially low interest rates under Greenspan, others about the high risk speculation on Wall Street aided by deregulation, and there was the deficit that skyrocketed to record levels under Bush, who lowered taxes, started a couple of wars and passed an unpaid for prescription drug bill.
No, banks weren’t “forced” to give loans, they gave them happily and made tons of money doing just that for years and years.
But if you start with the axioms that it wasn‘t a Republican’s fault nor Wall Street‘s nor deregulation nor the Greenspan’s “easy money” policies, then, yeah, you can come up with a theory that it was somehow Carter’s faults. And say it’s true. And people here will agree with you.
Report Post »jzs
Posted on November 9, 2011 at 1:18pmSo, are banks still “forced” to give out risky loans? If not, when did that change and how?
Report Post »AvengerK
Posted on November 9, 2011 at 1:40pmEver the benighted idiot aren’t you JZS? Again..I wont’ expect you to understand or acknowledge this..but stating it for the record at least highlights your idiocy and there’s an element of satisfaction in seeing you belittled in that way.
Report Post »An “affordable” housing mortgage was a loan made to a borrower who was at or below the median income in the area where the home was located. A special sub-goal also required the GSEs to make loans to borrowers who were at or below 60 percent of the median income. These requirements were gradually tightened over time, so that by 2007 55 percent of all mortgages Fannie and Freddie acquired had to be “affordable” under this standard.
There are only so many borrowers with good credit who are at or below the median income in the areas where they live, and there was a lot of competition for Fannie and Freddie.
The Federal Housing Administration (FHA), a government agency, also needed loans to borrowers who were at or below the median income, and under the Community Reinvestment Act (CRA)—also beginning in the early 1990s— banks were REQUIRED to make loans to borrowers who were at or below 80 percent of the median income in their areas. So there was a competition among all these entities to find low income borrowers who were willing to take out home mortgages, and by 2008 half of all mortgages in the U.S.—27 million, a completely unprecedented number —were subprime and other high risk loans.
I’ll continue……
tifosa
Posted on November 9, 2011 at 1:45pmFox and “friends” (in reference to other rw pundits) have created a simplistic narrative, a typical (and very successful with the legs-chair crowd) Rovian tactic. Why let little details like the de-regulations in the 80′s, FSM Act (’99,) CDS’s, mortgage backed securities, and all those silly concepts get in the way of blaming buyers, Fannie, Freddie and Barney. P.S. You are the 99% too ;^)
Report Post »http://www.youtube.com/watch?feature=player_embedded&v=wK1MOMKZ8BI
AvengerK
Posted on November 9, 2011 at 1:56pmcontinuing JZS…
Report Post »When the housing bubble started to deflate, mortgages began to default at unprecedented rates, weakening the financial institutions that held them, forcing Fannie and Freddie into insolvency, and causing the financial crisis and the subsequent recession.
Yes, there were alot of lenders who were making loans to people who could not afford them, but Freddie Mac and Fannie Mae knew it was happening and supported it.
On September 29, 2010 , a few Democratic members of Congress introduced legislation that would extend the CRA to all financial institutions—not just banks. Barney Frank declared that this bill would be his top priority in the lame duck session after the election. That would mean insurance companies, auto finance companies, credit card firms and securities firms would be required to provide credit and other services—not just mortgages—to the same people who couldn’t afford to repay their mortgages. Frank oversaw Freddie Mac and Fannie Mae as the housing crisis hit. In response to the housing crash,Frank and then Senator Chris Dodd introduced and passed the Dodd-Frank bill. Lenders will be able to make loans outside of the new 20 percent down payment regulation but would have to keep in reserves 5 percent of the total loan amount. All these rules apply only to private lenders and banks. They will not apply to any FHA or Federal Housing Authority loans. FHA loans require at most, a down payment of only 3.5%. Can you do the math JZS?
AvengerK
Posted on November 9, 2011 at 2:09pmTIFOSA…not surprisingly…you seem to have trouble understanding what a mortgage backed security is and what assures buyers that the security is safe. If the mortgage borrower really never had the ability to pay off the loan where does this leave mortgage backed securities? And if government mandate REQUIRES banks to lower their lending standards or indeed the feds have lower standards themselves so that borrowers who really should never qualify for the loans get them anyway…who’s really to blame here tulip? Is this beyond you sweetie?
Report Post »AvengerK
Posted on November 9, 2011 at 2:30pmoh and TIFOSA? I’m not the 99% of all household germs that you and your leftist friends are….there’s a good lefty troll.
Report Post »jzs
Posted on November 9, 2011 at 2:31pmThe first paragraph of the Joint Center for Housing Studies, Harvard University.
The Community Reinvestment Act (CRA) encourages banks to expand mortgage lending in the communities in which they have branch offices, subject to maintaining overall levels of financial safety and soundness [note this qualification - jzs]. Some have argued that this regulation forced banks to lower their credit standards and engage in riskier mortgage products in order to extend credit to lower-income individuals, who perhaps should not have received such loans. However, data provided by the Home Mortgage Disclosure Act (HMDA) reveal that loans covered by the CRA accounted for only a fraction of mortgage lending to lower-income borrowers and neighborhoods. This is especially true of higher-priced, or subprime, mortgages.1 CRA assessment-area lending accounted for only nine percent of higher-priced loans to lower-income borrowers and neighborhoods, while independent mortgage companies accounted for the majority.
a) banks weren’t “forced” to make bad loans, b) Jimmy Carter didn’t cause the Great Recession.
Report Post »riverdog1
Posted on November 9, 2011 at 2:43pmsorry joe but it WAS the private sector that created this mess. when you understand that maybe we can fix it.
Report Post »FRRRMAGS
Posted on November 9, 2011 at 2:44pmyes, yes, yes – you go Joe!
Report Post »Brad Wesselmann
Posted on November 9, 2011 at 2:45pmThank you, AvengerK, that was a really good explanation and I copied it for my own use. I already know the history so I don’t have to verify, but you really put it together well and I appreciate it.
God Bless
Report Post »ThatCatGirl
Posted on November 9, 2011 at 2:48pmVery nice sentiment… only one problem though, not one mention of the CONSTITUTION.
WE, US, OUR is nice and all but without the CONSTITUTION we are no different than the ones in power who are doing for their definition of we, us, our.
The Constitution or we fail.
Report Post »AvengerK
Posted on November 9, 2011 at 2:57pmAgain JZS….cherry picking and ommissions seem to be your justification of the fantasy of your leftism. I particularly enjoyed your “note this qualification” as if the bill’s language changes reality. The reality is that CRA REQUIRED LENDERS to lower their lending standards WHILE maintaining that the lowered rates were still responsible rates. This flies in the face of the free market. Is this really so hard for you to grasp? Why would a legislator trying to pass CRA and say that the lower rates are potentially harmful? Of course the language of the bill would appear benign hence an idiot like you bought your “note this qualification” like a good lefty robot. We just saw this exact same process played out with Obamacare…Pelsoi stopped short of calling it the new covenant with God..a totally benign and prosperous thing it’s meant to be. You‘re asking rational people to deny what they’ve seen transpire in real time before them JZS? No seriously? Affordable Care Act..where companies are taking write downs or paying fines and people are forced to buy insurance is “affordable” only in the orwellian fog you allow around yourself? Is this draining in JZS? I know it’s not but the question highlights your stupidity.
Report Post »AvengerK
Posted on November 9, 2011 at 3:02pmI’ll let a far better mind than mine put the nail on your lefty coffin JZS…
Report Post »“The most fundamental thing is that the money that was normally paid for monthly housing payments stopped coming in, or stopped coming in in the volumes that it had in the past,” – Thomas Sowell, a senior fellow at the Hoover Institution at Stanford University.
“The question then is, why did that happen? And the reason that happened was that banks and other lending institutions began lending to people who did not meet the traditional standards for mortgage loans, but were given those loans under pressure from government regulators, and even in some cases under threats from the Department of Justice if their statistics didn’t match what the Department of Justice thought they should be — for example, in terms of income levels, race, what communities they invested in, and so on.”
Please JZS…try your mindless “oh..so Jimmy Carter three decades ago started the mortgage meltodown that happened in 2008″ drivel with Sowell ….you idiot.
COFemale
Posted on November 9, 2011 at 3:08pmAh, jeez JZS do we have to educate you on everything. Would you please research the internet and keep off Move-Along.org and Media Blathers for you updates. I am sure you have heard the quasi-government entities called Freddie Mac and Fannie Mae?
In the good ole days, it generally took someone to put down 20% of the cost to buy a home. Then Barney “Fife” Frank decided this was not fair to low income families; so they told Freddie Mac and Fannie Mae to ensure banks make home loans to low income people. So the percentage down was set to 3 to 5%, ‘no money down” loans, and no income verification was implemented. Now since the money comes from the banks and Freddie and Fannie back those loans; the banks were told they had to implement these conditions in order for them to back the loan guarantee. Therefore, home loans were given to people who could not afford to purchase the homes in the first place under standard practices. Then when all those bad loans were failing one mortgage company would bundle them in with good loans and sell to other mortgage companies. Thus the wealth of failure was spread across the spectrum and many of the top mortgage companies aka banks – began to see massive failure and needed a bail-out to stay afloat.
In order for Fannie Mae to buy single family home loans from mortgage bankers, savings and loan associations, commercial banks, and other financial institutions, the loans must conform to their set of “Fannie Mae guidelines.” You’re
Report Post »ChiefGeorge
Posted on November 9, 2011 at 3:15pmMe and him hve much in common. I don’t suffer fools well. Go Joe!
Report Post »Jeff65
Posted on November 9, 2011 at 3:28pm@JZS You are right that the republicans are just as much to blame as the democrats. They are all called progressives. You are absolutely right that Greenspan and the Fed were a major contributing factor.
You are also right that the banks and wall street are guilty of coming up with creative tools for investing that were risky and that they have a revolving door with the government. You are wrong when you say there were not any regulations that forced them to do wrong, but then again with the revolving door, maybe they are the ones that really made the regulations.
The point you seem to be missing about what Joe Walsh is saying is that if government wasn’t involved, none of the problems I just said you were right about, would exist. No matter how guilty banks may be in their intentions, it comes down to the fact that it is government intervention that gives these “guilty banks / evil banks” the ability to do their evil.
The only government involvement needed is to make sure anyone that tries to defraud or harm another is taken down and destroyed. The current regulations only protect the banks and wall street when they defraud or harm another.
Report Post »AvengerK
Posted on November 9, 2011 at 3:58pmJEFF65…you are aware of the Federal Housing Enterprise Regulatory Reform Act of 2005? This act was proposed by the GOP to expose and address the enormous risk that Fannie and Freddie were hiding.
Report Post »It never made it out of committee. Chris Dodd, then the ranking member of the Banking Committee- later its chair, was in the middle of receiving preferential loan treatment from Countrywide Mortgage, one of the companies gaming the system in the credit crisis. Meanwhile, Barack Obama took hundreds of thousands of dollars from the lobbyists. I will concede that since CRA and allied legislation came into being, some republicans can be pointed to that enabled the conditions of the mortgage crisis to take place…but nothing in the volume and magnitude of blame the democrats have in this. The lower rates by the fed encouraged the unhealthy loans on lenders’ books to grow but the root of it all lies in government mandated lower lending standards. Liberals have a difficult time understanding there’s a difference between sensible regulation and credible oversight. Clearly as history has shown us..democrats like Barney Frank and Chris Dodd hampered credible oversight of the very bodies that were allowing the bad loans to continue.
TEIN
Posted on November 9, 2011 at 4:15pmFor JRZ and Trolls who don’t think this law and effect are still not being carried out…..
Report Post »https://www.key.com/personal/home-loans-lines/mortgage-programs.jsp
http://www.utahhouseandhome.com/fine/real/estate/blog/2797
http://www.utahhouseandhome.com/mydata/files/Key_Community_Mortgage.pdf
http://www.ffiec.gov/geocode/default.aspx
Question: Why is KeyBank offering this program? It seems too good to be true, or too good to last.
Answer: This is Key’s way of meeting federal requirements for community investment.
It is still there, maybe under different name, but good for community investment. Go to links and see what house you can buy with your income….page 5 of the PDF is interesting….
Jeff65
Posted on November 9, 2011 at 4:27pm@AvengerK Sure I know – and the democrates are the biggest contributers to Dodd Frank, but have you heard of Sorbane Oxley? Repbulicans were also complicit with the democrats for getting Greenspan and Bernanke appointed to the Fed. The republican party has been just as guilty in the big government thing as the democrats are.
I hope your purpose is not to show which one is more guilty. That would be a futile exercise and has no chance of getting both sides working together for eliminating the real problems. I think Joe Walsh understands this from what I heard. All the current presidential candidates seem to agree that Sorbane Oxley and Dodd Frank should be removed immediately – even before the next election.
Then get Jim Grant as Fed chair (Ron Paul’s choice) and we will really be moving forward.
Report Post »tifosa
Posted on November 9, 2011 at 4:28pmAVENGERK, dude, you could have just provided the links. So my question, are you the “American Thinker” or “themuzicman?“ or maybe you wrote ”Santorum’s explanation of the meltdown?” Copy and paste~clearly you ARE the brilliant one, tulip. I would be interested to see a “mandate” which required that banks to bundle the worthless mortgages, sell them as if they had value, engage in the high-stakes gambling venture that tanked the economy.
Report Post »AvengerK
Posted on November 9, 2011 at 4:48pmTIFOSA….have you worked out what Mortgage Backed Securities are and what supposedly is meant to back them sweetie? You still seem to be unable to process it. You just bleated the same old lefty talking points hoping that no one knows better. You fa rt “mortgage backed securities” and “bundling” like a good little useful idiot as if that’s the end of it? I’ll explain it again since your stubborn adherence to your failed ideology prevents you from stating the obvious. Mortgage backed securities are traded on the assurance that the mortgages backing them are viable they are supposed to be viable because the standards of the loans should be viable. Clearly- as Thomas Sowell states better than I can- “the money that was normally paid for monthly housing payments stopped coming in, or stopped coming in in the volumes that it had in the past,”- these securities were based on mortgages to borrowers unable to pay them off. Where did this policy of lending to borrowers who realistically are unqualified to take out the loans originate from blossom? You can bleat “mortgage backed securities” all you want to tulip but the loans were bad that backed them and they were bad because lending standards were too low. Who assures the buyer of these mortgage backed securities that their investment is safe? Fannie? Freddie? Who was sheltering those two insolvent institutions from having to expose their risks TIFOSA? Can you tell me cupcake?
Report Post »AvengerK
Posted on November 9, 2011 at 4:55pmJEFF65…I’m not defending any GOP politician that contributed to the conditions of the mortgage meltdown. I‘m answering idiots like JZS and TIFOSA’s obfuscations, ommissions and truth bending. You gave JZS far too much credit. He‘s the same idiot that came onto these boards as the Solyndra scandal was breaking and bleated that it was Bush’s administration that ok’d the loan guarantees. Yes the Bush admin considered Solyndra and DENIED the loan guarantee but that piece of leftist garbage JZS ran with that all the way to Bush having approved the loan. Our biggest problem over the years has been “playing nice” with the left. It’s got us nowhere. It’s time to slap the b@stards down whereever they show their ugly little heads. TIFOSA..you listening sweetie?
Report Post »jzs
Posted on November 9, 2011 at 5:36pmAVENJERK, for a minute there I thought you knew what your were talking about, but see that you are plagiarizing. I found one source where you lifted exact text, word for word, and passed it off as your own. http://www.aei.org/article/102708
I guess if I tried I could find the rest of your posts, taken without credit and claiming they are your own words.
The insults are probably yours, but still not much different from others here.
Report Post »bmwrider
Posted on November 9, 2011 at 5:48pmWho cares what this deadbeat dad has to say?
The story that the government created the housing bubble is a fiction, invented by Republican politicians, and swallowed by their ignorant cohorts.
Report Post »AvengerK
Posted on November 9, 2011 at 5:58pmNice try JZS….of course I have sources for my information I don’t profess to have encyclopedic levels of knowledge. But I do have an adequate grasp of the issue at hand to get the research I need. To save time and effort in typing I’ll pull from my sources and put in my own additions as well. Or I’ll just respond succinctly because the answer is clear as I did with your “note that qualification” buffoonery earlier. I offered my information..you came back with a quote of the CRA bill pulled from a purported Harvard study. I informed you that of course the wording of any bill will be intentionally benign and appear to be responsible. You of course take a bill’s wording at face value as you demonstrated earlier. It‘s when the bill is put into effect that it’s effects are manifested. I even offered a contemporary example of the same process today..Obamacare. “The Affordable Care Act” where companies are made to pay fines, are considering write downs and individuals are forced to buy a product they don‘t want that’s somehow is “affordable” to idiots like you and Nancy Pelosi. I consult sources much more knowledgabe and better able than me JZS. For convenience‘s sake I’ll use their words when they’re more effective and my own words to make a point. If this is a problem for you, you have my sympathy. You can dismiss me all you want to JZS and honestly, a piece of lefty filth like you doesn’t matter to me..but you can’t dismiss the facts champ..I give
Report Post »AvengerK
Posted on November 9, 2011 at 6:00pmOh and JZS…No…I didn’t use your link as a source..keep trying idiot.
Report Post »SuperDachshund
Posted on November 9, 2011 at 6:02pmI think that guy in the video is wrong. It means kicking out Tea Partiers like Joe Walsh.
Hate to say it but there is no easy way out. We can’t just “throw the bums out” and expect things to change. The Washington machine that has been in place for decades will suck the new comers in on day one. And when we throw them out, the machine will suck in the new bees as well.
What we need is a good understanding of what the truth is and elect people who will both tell us the truth and dismantle the Washington machine.
Report Post »AvengerK
Posted on November 9, 2011 at 6:18pmFurthermore JZS…I offered Thomas Sowell’s words earlier and credited him with them. You remained silent and have yet to answer him. He buttresses what I offered earlier in that lenders “under pressure from government regulators, and even in some cases under threats from the Department of Justice if their statistics didn’t match what the Department of Justice thought they should be — for example, in terms of income levels, race, what communities they invested in, and so on.” -were forced into lowering their lending standards by the government. By all means..find an erroneous link for that post too JZS.
Report Post »tifosa
Posted on November 9, 2011 at 6:31pmEditors should take this off the front page. We hate to see the AVE being called-out for his plagiarism and explaining unreferenced word-for-word cut and paste with: “…To save time and effort in typing I’ll pull from my sources and put in my own additions as well.” hahahahaha, you added the ad hominems, some intellect you are. :^)
“A lazy way to think is to surround ourselves with people and immerse ourselves in media which agree with our preconceptions, i.e., inputs which reinforce our ideologies.”
http://brleader.com/?p=5437 Maybe you could cut and paste a response to this critique of the mighty (but in no way prescient and rigidly ideological) Thomas Sowell.
Like Sowell, you totally overlook the role of the manufactured (using Jeff’s words) “creative tools” made possible by the de-regulations starting in the early 80′s.
Adults don’t communicate like you do, btw. Sounds like a posturing kid.
Report Post »AvengerK
Posted on November 9, 2011 at 6:58pmYou‘ve had TWO opportunities now TIFOSA sweeite and you still can’t tell me what’s supposed to assure the buyer of those “mortgage backed securities” you fa rted about earlier like a good lefty robot, that their investment is reasonably safe. Have you worked it out yet tulip? Shouldn’t the mortgages be founded in sound loans? Do you get sound loans by the government mandating lower lending standards then making the lenders comply with said mandate? Let me remind you again….mortgage backed securities are supposed to be backed by the assurances of agencies like Fannie and Freddie. Tell me TIFOSA…who’s been sheltering those insolvent agencies from exposing their risks? Come on cupcake…surely you can answer that? Is that too difficult for youl? Does it upset you to tell me? Adults should be able to answer that shouldn’t they? Yet you’ve repeatedly refused to answer me on that one sweetie…why?
Report Post »Come on TIFOSA..enough deflections from you..answer the questions blossom.
Jeff65
Posted on November 9, 2011 at 7:10pm@AvengerK I’m writing in response to your criticism that I gave JZS too much credit.
I just believe it is good practice to recognize the truth people speak regardless how far off they are on other things. It seems to me it makes conversations easier, that way the other person is able to understand better where you are coming from.
Remember when people from two different world views are discussing things, it is so easy to be talking past one another, never realizing that in many cases you are saying the same things – or maybe very close to the same thing.
Was I wrong in anything that I specifically gave credit to JZS as being truthful? You may be able to nit-pick on some, but hopefully I was able to correct those spots by the paragraph that followed my credit giving.
Report Post »Jeff65
Posted on November 9, 2011 at 7:55pm@tifosa
The “creative tools” I was talking about were “allowed” partly to do with regulations that the banks put it place (remember revolving door?) and partly due to partial de-regulation (probably revolving door again).
Glass Stegall is an example of partial deregulation. In short they did the worst of all combinations – they deregulated and then got the goverment (ie tax payer) to insure the bank deposits. This is probably the “de-regulation” that you were talking about, since this is usually the one brought up.
Report Post »Obsidian
Posted on November 9, 2011 at 8:43pmWatched that video, it’s perfect. I’d just like to add: Term limits! One 5 year for pres. One 4 year for senate, and one 2 year for congress. AND one 5 year -elected- term for supreme court (no more lifetime appointments). And finally, no career politics: once you’ve served in one national elected office, you are ineligible to run for any other office. Ever. Been a congressman? Then you can’t be a Senator or Pres. Been a senator? You can’t run for Pres or congress. You’re done. Go home.
Report Post »jzs
Posted on November 9, 2011 at 9:00pmAVENJERK, you are so busted. If any of you care to click Edit, Find on this page and look for the word “deflate.” You‘ll find Ave’s post that, “When the housing bubble started to deflate, mortgages began to default at unprecedented rates, weakening the financial institutions that held them, forcing Fannie and Freddie into insolvency, and causing the financial crisis and the subsequent recession.” He passed those off as his own words.
If you care to do the same at http://www.aei.org/article/102708 you’ll find those exact words, and of course, more words he copied and pasted and tried to pawn off as his own.
AVENJERK, I understand that you don’t understand the issues well enough to express them in your own words. Okay. But then you go on to say, “Oh and JZS…No…I didn’t use your link as a source..keep trying idiot.”
So your are a plagiarist, AND a liar.
Report Post »AvengerK
Posted on November 9, 2011 at 9:11pmJEFF65….perhaps I can better illustrate my position with JZS by comparing it to the OWS gripes. Just like their positions have a veneer of legitmacy…their endgame is detestable. Similarly..JZS wants to erode faith in the capiitalist system to achieve his socialist ends by citing certain “truths” but ignoring the substantial role of Fannie, relaxed lending standards and the politicians (mostly democrats) who allowed this debacle to happen. Does this help at all?
Report Post »AvengerK
Posted on November 9, 2011 at 9:18pmYou asserted adult behaviour earlier TIFOSA but like a churlish child you ran away from any difficult questions directed at you because of the consequences for you of answering them. I’ll keepit simple for you then…Who‘s been keeping Fannie from exposing it’s risks in congress? Come on TIFOSA should be easy shouldn’t it petal?
Report Post »jzs
Posted on November 9, 2011 at 9:47pmAVENJERK, you’ve lost credibility. Nobody wants to read the opinions you’ve cut and pasted from others and presented as your own. The only idea you can truthfully claim as your own are the “stupid” insults, and that gets old and doesn’t do anything for you image. Insults don’t really add anything your argument do they?
But to answer your question, the House is controlled by Republicans and they’re bring up lots of important issues such as reaffirming the moto of the United States. I didn’t even know there was a debate about that, I thought jobs was the big deal. But you know what? The Republicans aren’t about to bring up anything that happened when Bush was President. Too many Republicans, including Bush, would show up as compliant. Why don‘t you ask your congressman why they don’t bring it up?
Report Post »Jeff65
Posted on November 9, 2011 at 10:26pm@AvengerK On OWS, I take the side of Ron Paul, where many see that there is a problem that exists, but they don’t understand that it is because of CRONY capatilism and not because of capatilism. There are people down at OWS that are talking with these guys and accepting there grip, but guiding them to the problem. Who cares what the agenda of the promoters of OWS is? I like how there are some making a new agenda for OWS. How successful will they be? Who knows.
Why not access JZS what he thinks?
Hey JZS!
do you see any truth in what I’ve been pointing out to you? or is your agenda totally sociallistic? Can you see that the mess where in is because of a bipartasin effort? I don’t expect you to totally agree with my small government agenda, but it would be interesting to find out where our philisophies intersect.
Report Post »smokeysmoke
Posted on November 9, 2011 at 11:06pmhey JOE… im from chicago… i like you…. i agree with you about alot…. BUT LIKE MOST RON BOTS HAVE NOT LEARNED YET…. YOU DONT CHANGE SOMEONES MIND BY CALLING THEM DUMB, AND TELLING THEM THEIR POSITION IS SILLY…. you need to give a positive plan of what we need to do….. and I do agree with joe….. IT WAS THE GOVERNMENT WHAT CAUSED THE RECESSION WE ARE IN… and if you tell some on that, and they disagree mabey you wont change their mind…. JUST LIKE I WILL NEVER CHANGE THE MIND OF A RON BOT…. dont yell at them… DEBATE YOUR DIFFERNCES…. THIS IS WHAT THE TEA PARTY IS ABOUT… friendy debate
Report Post »Protoham
Posted on November 10, 2011 at 12:09pm@ JZS
The law is called Community Reinvestment Act or CRA. Obama as a community organizer use this to sue banks for loans for his community. The end result is what you see!
Report Post »Kalish
Posted on November 10, 2011 at 12:16pmPeople do not understand that all these failures and bailouts are manufactured by the government along with the federal reserve, congress, and the IRS, please read this book to understand what is going on : The Creature from Jekyll Island : A Second Look at the Federal Reserve by G. Edward Griffin
On a side note, to the union mentality, unions have no right to be in the private sector, it is un american and is a form of tyranny or anarchy, employee’s have no right to tell the company they have to go union
Report Post »Protoham
Posted on November 10, 2011 at 12:22pm@ JZS
So your contention is that businessmen (bankers) lowered their standards to provide loans because they are stupid or evil. I don’t buy that. People were buying houses and had no way pay it back that is just a bad business decision.
Now try to get a loan – And what is our government doing- Obama’s $460B Jobs Bill, trying to free up money so the banks will be force to make more bad loans. They keep doing this over and over. How many times do they have to do this before you understand.
If our government steps back and lets the chip fall where they may, we would be able to climb out of this mess, but they keep doing stuff that make it worse. Government is never the answer.
Report Post »Constitutional Cowboy
Posted on November 10, 2011 at 1:47pmThe only thing this idea would be good for is to send a message to elected officials. But the problem is, those that get voted into office will pass the laws that will prevent it from ever happening again. In other words, this would most likely be the LAST election, ever. And yes, it would be bipattisan. Don’t fool yourselves about republicans and democrats being different. It’s all a show.
Report Post »BCPATIOT
Posted on November 10, 2011 at 2:13pmI’ve saying this for awile now,but folks think :My Rep. is different,and vote them in again
Report Post »BCPATIOT
Posted on November 10, 2011 at 2:24pm@votebushin12
Report Post »No, our system was set up tp provide tools for us to over-come a tyranical Gov’t run amuck. We Are the Gov’t. As such-yes as a collective voting constituancy (a collective) we can turn around this train wreck,and correct a wrong done to our great nation by bad people whose soul aim is to subdue us into submission,and their version of Amerika. This is not Marist left leaning ,this is a truth. He is correct in his analogy,I believe.
jaylew
Posted on November 10, 2011 at 8:20pm@JZS if you are not aware of the CRA the Community Reinvestment Act…..then you have really no legitimate purpose posting on this forum. Bill Clinton took that act and amped it up on steroids…..and YES banks were forced to lend to less than credit worthy mortgage applicants if they wanted to continue to be considered eligible purchase money mortgage lenders that met FNMA Fannie Mae or Freddie MAC approved lenders. If you don’t know that story….you have a lot of nerve posting some of the smarmy snark rips on some of the posters here. It’s 2011 and that CRA is over 2 decades old. “The phones for you….it‘s the 1960’s….and they want you back”
Report Post »cripes man….no wonder you are a skeptic.
slr4528
Posted on November 9, 2011 at 9:02amJoe’s right!
Report Post »True American66
Posted on November 9, 2011 at 2:32pmI second that!
Report Post »riverdog1
Posted on November 9, 2011 at 2:55pm@avenger. sorry but JZS is right. the CRA accounted for almost nothing in the crisis. people who used CRA to get a mortgage actually have a lower rate of foreclosure. the majority of lost homes were the middle and uppermiddle class. the goverment was partially responsible because they didn’t regulate properly.
Report Post »riverdog1
Posted on November 9, 2011 at 5:00pmtwo things, for avengerk, bill in 2005, repubs controled congress and senate. dems (yes even media whore frank) had no power. the other is not just that people lost homes but the bundling and over ratings is what the big money fail was. this is pretty common knowledge.
Report Post »AvengerK
Posted on November 9, 2011 at 5:22pmRIVERDOG…I wont’ overburden you with too much…the GOP bill in 2005 as I stated earlier..was blocked in committee by Democrats like Chris Dodd. What does this mean RIVERDOG? It means champ, that it never made it to the floor for a vote…now…to an intellect of acceptable level one would then take that piece of information and say “ah hah..so it doesn’t matter who controlled congress at the time, if the measure never got past the committee stage for a vote, then having a majority in congress means absolutely nothing because they had nothing given to them to vote on”. But you seem to have stalled and petered out before you got that to that stage of logic RIVERDOG. Please RIVERDOG..don’t pretend to be clever..it doesn’t suit you.
Report Post »taksavillage
Posted on November 9, 2011 at 9:02amComment to the woman….. Do unions really advocate for their people IN THE LONG TERM when they end up making a company uncompetitive or do they advocate for THEIR OWN POWER? A corporation that lobbies to keep the company strong and profitable IS ADVOCATING FOR THEIR WORKERS and for all the common working people that invest their retirement funds in them.
THAT IS HOW COMMON FOLK OWN A PART OF A COMPANY!
TO ALL Remember this… the more a government does, the more the politicians are worth to someone who is buying influence. BIG GOVERNMENT FOSTERS CORRUPT MONEY TO FLOW TO BUY INFLUENCE. Limited government can be more altruistic because there is less pressure to vote to give “government cheese” to the “bad actors” or to you or to me.
Report Post »The10thAmendment
Posted on November 9, 2011 at 10:26am@ taksavillage
Posted on November 9, 2011 at 9:02am
————————————————————————————————————————————–
Jefferson once again got it right.
“Most bad government has grown out of too much government.“ and ”The natural progress of things is for liberty to yield and government to gain ground.”
Government always incrementally usurps the will of the people because power always corrupts. The more power an individual has, the more corrupt they become. Why is that so? because when people gain success, and have the resources to cause (no matter what the cause is) the atmosphere to reap even more power to themselves, narcissism gains strength. A despotism ultimately gains ruler-ship. We know the history of government, and again Jefferson was right, “History, in general, only informs us what bad government is.” It matters not at all who the ruler is, we know that they simply cannot help themselves from going from representative, to regulatory, to despotism, to the absolute tyranny of megalomania. Jefferson states, “I have never been able to conceive how any rational being could propose happiness to himself from the exercise of power over others.” The key there, is RATIONAL. Dictators, despots, megalomaniac’s are anything but rational. Which is why the founders implored us, “In matters of style, swim with the current;
Report Post »In matters of principle, stand like a rock.”
teamarcheson
Posted on November 9, 2011 at 9:00amRight on Joe, right on.
Report Post »motonutt
Posted on November 9, 2011 at 9:17amProverbs 27:15-16……..”A constant dripping on a day of steady rain, and a contentious woman are alike;
Report Post »He who would restrain her restrains the wind, and grasps oil with his right hand. (it’s impossible)
Rillobymorning
Posted on November 9, 2011 at 9:39amNo doubt. I wish Mac Thornberry is Dist 13 of TX was as passionate as Joe.
Report Post »jcizarter
Posted on November 9, 2011 at 9:00amI phoned his office in Washington, D. C. and told him to keep up the good work. I told him I am from Texas and appreciate his working for the whole nation.
Report Post »Mackinaw
Posted on November 9, 2011 at 8:58amI met him personally at a “town hall” about a month ago. This guy is exactly what we want in Washington, DC. He is not establishment. He is not afraid. He is passionate about our country. He is intense. I asked him “what do you want us to do?” and he said: “Get more people to these town halls, find more fighters who are not going to lose their way in Washington and get the vote out for them, and this time only, make sure you vote Republican no matter what, we have to band together to get Obama out of the White House.” This guy fully knows Obama is killing this country and that this may be our last chance to reverse the destruction.
Report Post »ReggieMay
Posted on November 9, 2011 at 9:14amI also met Joe at a townhall meeting. He’s passionate and sometimes loud, but there‘s no doubt in my mind that he loves our great country and wants to do what’s right. Rock the boat, Joe!!!
Report Post »Protoham
Posted on November 10, 2011 at 12:29pmYou know, sometimes you have to be loud, because Liberal Boneheads just don’t get it.
Joe is absolutely right, government is not the solution. Ever
We are much better off with gridlock.
Report Post »jakartaman
Posted on November 9, 2011 at 8:51amJoe,
Report Post »No problem when you confront stupidity to give them the truth in a passionate manner.
Socialism does not work and barry did not read the memo from Europe
warveteran
Posted on November 9, 2011 at 8:48amThe govt is the problem, not the solution. Reagan and his words will forever ring true.
Report Post »teamarcheson
Posted on November 9, 2011 at 8:57amThank you Joe.
It needs to be said and it needs to be said the way Joe said it. In Socialist Nations like Russia, China, North Korea, etc. government politicians who did crimes like Obama and Democrats did would be dragged out of their offices by the Peoples Soldiers to the nearest brick wall and executed. We were once a super power with a renezvous with destiny and now we are looking like a destroyed Third World hulk. We cannot any longer afford to be one nation and must part our ways.
Only TEA can save us now.
Report Post »cemerius
Posted on November 9, 2011 at 8:59amAmen!!! viva la Reagan!
Report Post »Bum thrower
Posted on November 9, 2011 at 8:59amI couldn’t agree more. Trouble is, when ‘stupid’ does something ‘stupid’, ‘stupid’ demands that the government “do something” so he won‘t act ’stupid’….‘stupid is as stupid does’ and it is not the governments place to protect stupid from doing what ‘stupid does best’……..acting ‘stupid’…
Lookat all the ‘protect you from yourself’ devices on home use items like lawn mowers and edgers….next they will want ‘quick digital unlock locks on firearms….to protect you from yourself.
Report Post »11:11
Posted on November 9, 2011 at 8:48ami agree with joe, he is right and he swims shark infested waters everyday, so he knows firsthand
Report Post »Jeff1000
Posted on November 9, 2011 at 8:46amThere’s no reasoning with drones.
Report Post »six6six
Posted on November 9, 2011 at 8:44amAnother paragon of society. He neglected his children to finance his political ambitions and take fancy vacations.
Report Post »gobnait
Posted on November 9, 2011 at 8:57amLet those without sin cast the first stone. Walsh’s private life is not the issue but it does serve as a nice distraction from the matter at hand, doesn’t it? He is absolutely correct in his assessment of who’s at fault- a government growing far too large and far away from the tenets of the Constitution of limited government. Sadly, the media onslaught that promotes the Obama administration’s concerted efforts to divide the nation are having the desired effect.
Report Post »cemerius
Posted on November 9, 2011 at 9:00amhuh? so your come back to this story is to try to destroy someone’s character??
Report Post »sodacrackers2
Posted on November 9, 2011 at 9:42amYour name says it all. You side with the very first community organizer: Lucifer (Saul Alinsky, Rules for Radicals, dedication page)
Report Post »C. Schwehr
Posted on November 9, 2011 at 10:36amYour claim about his children is probably a lie, just like everything else being thrown around (the progressive/marxists are throwing around the lie about Gingrich serving his first wife divorce papers on her death bed again…that’s how scared they are of him)
But the point is that JOE IS RIGHT! And lies about his personal life (the politics of personal destruction) still doesn’t change that fact!!!!!
Report Post »PilgrimStuckInBizarroWorld
Posted on November 9, 2011 at 8:43amThanks Joe, I wish more people would get the truth out there. The government is out of control and its time to reign them in.
Report Post »TRUTH
TEA
53%er
Cain2012
Snowleopard {gallery of cat folks}
Posted on November 9, 2011 at 8:42amNice to see that some of the DC group do get it, that the govt has been interfering for way too long and way too much.
Report Post »NOBALONEY
Posted on November 9, 2011 at 8:54amEstablishment Politics! Gave us the useless “Stupid Committee of 12”!
Report Post »AzDebi
Posted on November 9, 2011 at 8:55amIt absolutely amazes me that here we are 3+ years AFTER the financial crisis CAUSED BY THE HOUSING BUBBLE BUST…AND…people STILL don’t know what caused the problem! Laziness? Ignorance? The TRUTH is out here…people just have to WANT TO FIND IT! AND, there has NEVER been a time in our history when THE TRUTH was so accessible…I’m so over STUPID people…Are people REALLY this STUPID or are they simply seeing the world through their own SELFISH pursuits…I believe most of it is selfish and self-serving in nature! Thanks Joe!
Report Post »cemerius
Posted on November 9, 2011 at 9:02am@NOBALONEY
I agree and what is the SCARIEST part of these 12 dead heads (John Kerry is on this panel) is that they have NOT come to an agreement…..pretty soon they will be at the 11th hour and the enforced cuts will happen when they have nothing…….only way to get an “agreement” in Washington is to “sit in the back of the bus and agree with whatever a Democrat says”…..TERM LIMITS for Congress!
Report Post »C. Schwehr
Posted on November 9, 2011 at 10:43amCEMERIUS: Your comment on the Committee of 12 is spot on. What most people haven’t caught on to yet is that the gridlock in this “committee” is INTENTIONAL! Why do you think the military was put on the chopping block? It‘s the Obama regime’s way of gutting the military and blame the GOP at the same time???? The military budget will be massively reduced, the White House will say it’s because the Tea Party Conservatives refused to do anything, and the marxist media will run with the lie!
Report Post »Tickdog
Posted on November 9, 2011 at 8:42amgood job Joe!
Report Post »PPMStudios
Posted on November 9, 2011 at 8:41amDamn Skippy! Folks need to research what they hear whether it’s from Fox News or MSNBC. Look it up! Glenn Beck always said on his TV show “Don’t take my word for it, do your own research.” Yet, there is an element out there who believe everything they hear.
The Congressman is right on this one!!
Report Post »starman70
Posted on November 9, 2011 at 8:59amRight you are on this one!!! The government and the liberal Democrats are fully responsible for the entire housing crisis problem. The screwed up banking problems result from Dodd-Frank. Too many of these trolls believe everything they hear on MSNBC and the idiotic liberal media.
Report Post »demint.disciple
Posted on November 9, 2011 at 8:41amGo get ‘em Joe…
Report Post »riverdog1
Posted on November 9, 2011 at 3:01pm@star.. not a lib but you have got it wrong. i am not blaming bush for everything but it was ALL repub congress when this happend. they were in control, they knew it was going to happen and did nothing. most bankers are repubs, don’t want to regulate your buddies right.
Report Post »FreedomPlease
Posted on November 9, 2011 at 8:41amGood for Joe! He is so spot on and none of these robots would listen….
Report Post »Absolutely Right
Posted on November 9, 2011 at 8:40amJoe is passionate.
Report Post »brntout
Posted on November 9, 2011 at 8:40amI didn’ know Rosey attended townhalls.Go joe thanks for telling it like it is!
Report Post »GeorgeWashingtonslept here
Posted on November 9, 2011 at 8:39amWay to go JOE!
Report Post »LindaB11
Posted on November 9, 2011 at 8:37amGO Joe! THE APATHY AND IGONORANCE OF THE AMERICAN VOTER IS MIND BOGGLING!!!!!!!!!!!!!!!
Report Post »hersey10
Posted on November 9, 2011 at 8:36amI love Joe’s passion and his unwillingness to sit there and be fed garbage especially on MSDNC and CNN (Chicken Noodle News) .
Report Post »Panhead49
Posted on November 9, 2011 at 8:35amI think the choice of a bar was the ideal setting
Report Post »hauschild
Posted on November 9, 2011 at 8:35amAh, Chicago – sometimes I miss it dearly.
Report Post »RichNGadsden
Posted on November 9, 2011 at 8:59amAahhhh Chicago, the place that gave us anything from Al Capone to Cabrini Green! Even a crowd that seemed receptive to Walsh continue to argue for even more government. Zombies who can speak.
Report Post »hauschild
Posted on November 9, 2011 at 9:42amCertainly, but where else can you count on finding a politician with an actual set of stones that doesn’t cow-tow to his constituents? California? New York? Please!
Report Post »RichNGadsden
Posted on November 9, 2011 at 12:39pmHAUSCHILD, You’re right about that, he does have the stones. That and backbones are a rarity amongst far too many politicians and especially amongst the Republicans. I understand his freaking out with these people. It must have been like bashing his head against the wall repeatedly. I do say “Go Joe, give em hell!”
Report Post »CatB
Posted on November 9, 2011 at 8:32amWalsh is right! I am tired too .. of uninformed people who only listen to what the MSM is feeding them … who think they know it all .. OWS anyone?
TEA!
Report Post »Gonzo
Posted on November 9, 2011 at 8:39amUnfortunately Catb, they make up the majority in this country. Major issues are decided by 30 second sound bites and TV ads. That’s exactly how the unions got Ohio to turn into Greece yesterday.
Report Post »escape_from_socialism
Posted on November 9, 2011 at 8:41amSometimes I’m tired and pissed off too, but we have to enlighten as many people as possible. It is easy to blame banks, but this is a evil circle and actually starts with bankers. More precisely Federal Reserve bank. How you can compete with some body, who have unlimited amount of cash?
Report Post »FED is like drug dealer, giving samples to kids(House of Rep. and Senate).
riverdog1
Posted on November 9, 2011 at 3:04pmthe largest group of uninformed people are right here.
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