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under his heel Yesterday I wrote that conservatism "is not about principle; it is about "preserving" the status quo from the liberals attempts to rip apart conservative values any further than they already have. Conservative values are not based on objectivity, but rather on the subjectivity that the free market is the best, not that it is right." This is the reason Rush Limbaugh is said to be driving a wedge in the Republican Party, with about twenty-five percent of Republicans--according to White House Chief of Staff Rahm Emanuel--rooting for Limbaugh, and leaders like Mitt Romney distancing themselves from him by not mentioning his name in their own comments of caution. "'He is the voice and the intellectual force and energy behind the Republican Party. And he has been up front about what he views, and hasn't stepped back from that, which is he hopes for failure. He said it. And I compliment him for his honesty, but that's their philosophy that is enunciated by Rush Limbaugh. And I think that's the wrong philosophy for America,' Emanuel said on CBS' 'Face the Nation.' "I want Barack Obama to fail if his mission is to restructure and reform this country so that capitalism and individual liberty are not its foundation? Why would I want that to succeed?" [Limabugh] asked. Fox News Politics Listen to the conservatives and the Republican leaders. Unfortunately, they don't want President Obama to fail, because if he fails, the nation fails, and if the nation fails, the world-wide depression would be politically disastrous--for anyone who thinks his mission is to "restructure and reform this country so that capitalism and individual liberty are not its foundation." It would be disastrous politically for people like Romney and Huckabee and any other politician who says he or she does not want this un-Constitutional theft of free enterprise to fail. They are giving the Libertarian Party a big boost as the only free-market party. But that is good, if the Republicans don't think capitalism is morally right. This is what I mean when I say is not about principle; it is about "preserving" the status quo from the liberals attempts to rip apart conservative values any further than they already have. Conservative values are not based on objectivity, but rather on the subjectivity that the free market is the best, not that it is right. Limbaugh put Republicans who work "around the edges" of the president's policies under his heel, grinding on them for trying to make those policies work because in doing so they are giving up their beliefs--beliefs which unfortunately are not principles. If they thought capitalism was right--morally, politically, and economically--they would have seen the warning signs when President Bush told them about it in 2003, and when Congressman Barney Frank said Bush was wrong. "According to an article by Kathleen Day in the Oct. 8, 2003, Washington Post, Frank opposed giving the Bush administration the right to approve or disapprove
business activities that 'could pose risk to the taxpayers.' He told the Post he worried the Treasury Department 'would sacrifice activities that are good for consumers in the name of lowering the companies’ market risks.' "Just a month before, Frank had aggressively thwarted reform efforts by the Bush administration. He told The New York Times on Sept. 11, 2003, Fannie Mae and Freddie Mac’s problems were 'exaggerated,' a gross miscalculation some five years later with costs estimated to be in the hundreds of billions. “'These two entities – Fannie Mae and Freddie Mac – are not facing any kind of financial crisis,' Frank said to the Times." Business and Media Institute Not acknowledging that capitalism is morally the only economic system that allows investors the freedom to create wealth will be a disaster for Republicans, if they manage to regain power. They will only seek their own forms and programs of "stimulating" the economy. Most Republicans said over and over that "something has to be done" to save the economy. All but one or two failed to mention free enterprise as the solution. The rest were on board with bail-outs and loans and stimulus packages. But if the Republican return to power and play the same game as Obama and the Democrats, but with different bail-out/loan programs that eliminate what they called "pork", their programs will only contain what the Dems will then call pork. The government needs to back off, let businesses fail because that is what businesses are supposed to do when times are bad, and everything will work its self out. That is what capitalism does. It is a self-regulating, self-correcting market, as we found out after President Reagan sat back and watched as: "an economic tidal wave was moving in on the US Monday morning, October 19, 1987. The Tokyo exchange had experienced a record collapse in prices and panic selling. The Hong Kong exchange was wiped out. The European exchanges experienced the worst single day in their history. "In the US panic first hit in the Chicago commodities exchange and within five minutes of the opening the markets went into free-fall. It then spread to Wall Street and the NY exchange. "The Dow-Jones averages fell 508 points. By the time the NY exchange closed up stock market prices had dropped 22.6%, almost double the record losses of the crash of 1929. An astonishing 604.5 million shares had been traded that day more than double that of the crash of 1929. It was the greatest crash in US economic history. "Black Monday was followed by Terrible Tuesday which was never reported by the US press. On the following Tuesday the world’s financial system came to within one hair’s breadth of extinction. It appeared that by noon that the market had in fact died. All trading in stocks, options, and futures shuddered to halt. For almost one hour the world’s capitalist system had completely collapsed. There were no buyers at any price. "At this point of maximum crisis the Federal Reserve Board stepped in and flooded the banks with cheap credit. At 12:38 that afternoon the stack market rose from the dead. The resurrection of the market was the result of the deliberate manipulation by a few major firms to save the markets. "Essentially leading corporations were entering the market after 1pm to buy back their own stocks which they had dumped that morning in order to stabilize the
situation. Buying resumed on the market." [condensed from] The Reagan Revolution The Fed did what it was supposed to do, and within hours the market was correcting itself. There was no rush to "nationalize" banks or insurance companies or mortgage lenders or the stock markets themselves. There was no appeal to Congress to help with financial aid. It was not necessary then, and it was not necessary last fall when Bernanke and Paulson presented Congress with a three-page spending proposal for $800B. "The Bush/Paulson/Bernanke 'panic' and 'plan' to hand unlimited funds and power without judicial or congressional oversight was ripped straight from the 'Chicago School's' playbook of inducing a financial panic in developing nations and then moving in to 'reform' the system... As noted here before: [the nation was] told we had only hours til the Apocalypse on Thursday, Sept. 18, [yet] we find the world still working 12 days later." Before $1 of any of that money had been paid as bail-out, the market was beginning to correct itself. Only after spending the money did the economic system start tanking because "capitalism and individual liberty [were] not its foundation" any longer. So I want Obama to fail too. Maybe then the capitalists will be allowed to step in repair the damage, and I hope that if that day comes the socialist pigs will be charged with crimes, maybe under the RICO laws for collaborating in dirty business.
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