Conservatives were right. The Housing Crisis and Economic Collapse was caused by the "Poors"

That would be Standard & Poors.

S&P along with other ratings agencies, like Moody's, were completely up for sale agreeing to grant any rating to any piece of toxic garbage that Wall Street and the Banksters wanted.

If the price was right they'd get a AAA rating. Turns out the Free Market isn't Free.

After receiving the imprimatur from the Ratings Agencies and coupled with their other legerdemain the Wall Street Thieves fed the country a load of Rat Shit Burgers whilst declaring Caveat Emptor! All the while knowing the toxic assets the Atlanta Teachers Union was investing its' entire Penison into was worthless.

Capitalism is a rigged Mug's Game. It's merely the renaming of old systems which people have found intolerable and no longer wish to ruled under.

Under what we call Capitalism, the costs of running a business have been Socialized while the profits have been Privatized. Corporations get society to cover the costs of doing business and in the case of the 2007 Republican Recession when Capitalism experiences a Super Nova Imploision of Greed and Theft, as it occasionally does, the Capitalists are completely bailed out by Government and Taxes.

George W. Bush's fateful decision to ignore the August 6th memo Bin Laden Determined to strike in the US had other far reaching effects besides his abject failure of 9/11.

Afterwards Bush moved the perponderance of the FBIs assets towards Terrorism and into crafting a Casus Beli for Invading Iraq and away from Wall Street's Crimes. Coupled with the deregulation and lack of enforcement for the previous 20 years, including the Gramm-Leach-Bilely Bill, allowed the Banksters to do what Thieves always do when no one's looking; Steal.

Hey Tea Party! Mitt Romney spikes the football and takes the credit for the Saving the Auto Industry and creating Government Motors

Professional candidate, Vulture Capitalist Mitt Romney is now spiking the football and taking credit for the Auto Bailout. “So I’ll take a lot of credit for the fact that this industry’s come back,” Mitt Romney.

Ha ha ha ha ha! Oh Tea Party! Remember all that internet bile and vitriol you spewed at President Obama for creating Government Motors? Here's Chicago's own Warner Todd Huston's lambasting President Obama and Government Motors. So what are you going to do now? Blame Mitt Romney for the Auto Bailout or Praise him? Or be the cheap tawdry frauds we all know you are and claim credit while still bashing President Obama for saving millions of American jobs?

Besides the sham Tea Party this whole claim by Mitt Romney is beyond ridiculous. Mitt Romney is a despicable fraud, who profits off of firing Americans and reducing their standard of living. Everyone knows Mitt Romney proclaimed loudly Let Detroit Go Bankrupt. Here's the telling line from Romney,

It would permit companies to shed excess labor, pension and real estate costs.

What Mitt was declaring was let the American workers and Union Labor get shafted while the rump of the companies could be bought up cheaply by Bain Capital and other Vulture Capitalists.

Romney made his fortune on buying companies laying off workers and selling off assets to artificially raise the "value" of the company and then selling off the husk of a company for profit. This is how Romney and the Hedge Fund Vultures with whom he congregates operate.

Shameless. Years ago I correctly summed up Romney's character [See my post: Uncle Mitty and Blood in the Water].

It's unbelievable, Romney is The Dauphin of the Republican Aristocratic Kleptocracy, as the Son of a Governor and Presidential Candidate and then a life long college student, draft dodger, "hard working" consultant and now professional politician. Romney has never done an honest days worth of work in his life opting instead to be a professional socialist, a bureaucrat through and through who has lived his life of leisure and largess at the expense of the American Taxpayer. Fittingly as a Republican he is also a Chicken Hawk, bravely wanting to risk the lives of other men's sons while his sons sacrifice for America by trying to get him elected President. His perfect hair is greased with the oily drippings of his rank cowardice.

If Romney is elected, you can expect his buddies the 1% of the 1% to reap massive amounts of Tax Payer Assistance while the Poor and Middle Class pay higher taxes and see their pensions, social security and Medicare all funneled into the coffers of the Plutocrats.

Update:
A Fantastic Post by Green Eagle, Mitt Romney's Excellent Adventure at Bain Capital, does a great job of summing up Romney's horrid record of killing American jobs to squeeze a few extra bucks for his off-shore accounts and Wall Street portfolios.

From whence comes this Economic Meltdown?

While the Work You to Death Republican Party would have you believe your financial problems are like natural disasters* and come about due to Freedom they stem directly from the Republican policies. Namely ensuring they use the power of the federal government to transfer billions, well Trillions nowadays, into their hands. While simultaneously convincing people it's the evil Democrats who are to blame.

Ron Paul places the blame directly where it belongs the wars to aid Islamic Extremists. As Paul states, we "killed a million Iraqis and pleased Bin Laden" and ruined our economy, to the point where an avowed Islamo-Marxist terrorist supporting Nigerian citizen was elected President.

It was interesting to observe the reaction to Paul placing the blame for conservative failure on Warmonging, the CPAC attendees were unsure of whether to applaud or not since the entire Bush platform has been Give War a Chance. The roots of the economic collapse are to be found directly, where the money goes, and the Trillions appropriated by the Bush regime for Military spending.

Now, since 01/20/09, things have gotten so bad, the Republicans are sponsoring Tea Parties (LT Nixon and Wonkette call it Tea Bagging Parties) in which the idea of overthrowing the government is being seriously considered.

After years of Piss Down Your Back Reaganomics, after the wars of Imperial Conquest of Tipsy Canoe, and 1 month into the Obama administration the situation is so dire a Revolution is required. Of course, these are the same people who for years declared even disagreeing with Bush was Treason and trotted out Sarah Hot and Palin to denounce Doe-mess-tick Tear-ohh-wrists. Except now, these same people believe using violence against the government is acceptable and imminent.

The anti-government movement has champions in Grover Norquist and is being touted as a grass roots populist explosion against government spending. Except these spontaneous American Tea Parties have roots as deep as algae. And who is carrying the water for these events?

Here are the sponsors of the 02/27/09 Chicago Tea Party:

the DontGo Movement; which is for free markets, low-taxes, low-regulation and personal freedoms. Presumably meaning Mr. Eric Odom was against the no-bid contracts given to contractors in Iraq, against stop-loss policy used on Soldiers and Veterans, and then staged protests against the Bush TARP bailout?

FreedomWorks; LessTaxes, LessGovernment, MoreFreedom. Freedom Works has a report on the roots of the financial crisis of 2008, tracing it back to the non-passage of the 1913 Federal Income Tax Amendment. Strangely reading through the document the 1980's receive no attention! Why not? Why Saint Reagan was president then! And he did nothing to expand the government or the national debt! And apparently during the Tipsy Canoe years the only problem was Fannie Mae and Freddie Mac! Although Ben Bernanke disagrees and stated the CRA was not to blame for the housing crisis.

Americans For Prosperity; AFP Foundation is committed to educating citizens about economic policy and a return of the federal government to its Constitutional limits.

Smart Girl Politics; Smart Girl Politics (SGP) is thrilled that Congresswoman Michelle Bachmann agreed to be the first person interviewed for our A Profile in Conservatism series. Uh-Huh, Michelle Bachmann #1 Conservative.

My personality has guided me to the Individualist Anarchist political ideal for several years. During the most criminal years of the Bush Regime (i.e. the entire 8 years) I conducted several thought experiments on the consequences of "more active" resistance and fortunately or unfortunately the conclusions I reached were unacceptable to me. In discussions with friends I've always told them the reason I could never accept "more active" resistance to the government and a removal of the current system would be the danger for their children. I am unwilling to take lives to actually change political realities. I am especially unwilling to fight those I would be arrayed against. In trying to live one day as a lion, I, a pawn would not be sent up against the object of my derision. No my fury would be spent fighting against other pawns, under control and being used by the same puppet masters to whom I myself belong.

When something like a a violent revolt gets started no one, no one can control it's course, there are too many variables which come into being and conspire to spiral events out of control. And yet, we have Senator Jim DeMint, an elected official, urging conservatives to "take to the streets to stop America's slide into socialism".

And this is the prime question which should be put to the Michelle Malkin's (aaaagh! I mean She Who Shall Not Be Named 2) and all the other Armies of Activists who are referencing John Galt, quoting the Second Amendment and polishing their walnut stocks; Are you willing to kill the young men in the police and national guard who would be the first ones sent in to stop a revolt?


*- And no money should be spent to avoid natural disasters, like observing volcanoes.

The Cool Parent

Poor people get bored, too... ~ JCvD, Hard Target (1993)

During the last dreadful months of Tipsy Canoe's Reign of Terror, at the behest of the economic bastards who control him and his party, the American people experinced a smash-n-grab pilfering. As a last kick to the coccyx a scheme was concocted to push through the TARP and directly funnel Billions of dollars to the rich (My Base as Tipsy calls them) while Oil companies gouged people with super-inflated gas prices, reaching over $4.50 a gallon in the Chicago-land area in 2008, which to this day no one in the Bush regime has explained or seems to have any inclination of explaining.

The battle between the parties* is like the battle between two divorced parents over their kids. Each wants the kids to choose them over the other, each uses dirty tactics. Each wants to use the government to enrich themselves, their cronies and their masters. The Republicans, have, developed a very clever idea. Be completely irresponsible and when the bill comes due leave it to the Democrats. They want to be the "Cool Parent".

Over the last 8 years Bush, like all Republicans, ran the country into the ground using the Piss Down Your Back Reaganomics. The clean-up is now in the hands of Obama. And wouldn't you know it, before he even took office the Republican Hounds began barking and yelping at the uncool Democrats who want to raise taxes and be fiscally irresponsible. Heres what Jack Cafferty has to say about Republican "fiscal responsibilty".

Will Obama's plan work? I don't know. But, the Republican party is a criminal Corporate Welfare Gang, they work tirelessly to Privatize Profits and Subsidize Losses. The Republicans know if they're honest about their Socialist plans to funnel Trillions of dollars to the Gang of Corporate Hacks, the people would rebel.

*- Libertarians are like your uncle who drops by every few years smelling like Denmark.

It Seems Slightly Disingenious

to rally the forces of Small Fiscally Responsible Government to Champion the Downfall of the US Automakers over a sum between 15-34 billion after having allowed 1 Trillion or more to be allocated to save everybody else. But then those monies were used to help the Bankers not the evil evil Union of Auto Workers.

And the Bush Regime could always defiantly tell those Socialists at the Big 3 and their commie Union their bailout monies were "lost" in Iraq. But I suppose the 23 Billion is a paltry sum when compared to the 3 Trillion dollars Bush has managed to funnel to those who profit on Death, Destruction and Mayhem.

Rush Limbaugh explicitly and unequivocally states Barack Obama is causing the recession to continue in order to strengthen himself politically. There was a day when White House spokesmen warned Americans to watch what they say and segments wedded to the Left/Right divide claimed any criticism of the president in a time of War was tantamount to being the anal sex slaves of Al Qaeda.

Rush Limbuagh is not alone. Karl Rove (Paragon of Troof) and Bill O'Reilly both claim there is a sinister plot to keep the economy down in order to aid Obama.

Whomever is in charge you are the chattel of government. In the pursuit of National Interests, sometimes they take your money, sometimes your life and sometimes they take the monies and lives of your children.