Not Gonna Work THIS Time, I hope!

http://www.youtube.com/watch?v=i9njqqelj Ao

Pat Buchanan's ugly mug is blocking the recommended diaries.

Almost threw up my dinner while reading this opinion from OC Register on  September 21, 2008. This means that this letter was submitted before last Friday, September 16,2008.  This is a cordinated Repug smear.  It makes John Birch look like a ....

 Today, it seems to be the GOP blame game of the day.

 4th paragraph: 37 m ACORN blackmails mortgage industry.  Give me a fuckin break!!

 Look up ocregister... search acorn, and voila for authentification of this letter.

 "How far does Obama fall from the Acorn tree?

Barack Obama credits much of his understanding of the plight of poor people with his community organizer service, which he lists as one of his major accomplishments.

Between 1999 and 2002, Obama served on the Board of the Chicago-based Woods foundation with radical Weatherman bomber William Ayers. Together, they pumped millions in grants into organizations such as the Association of Community Organizations for Reform Now. Acorn, with a $37 million annual budget, is involved in voter registration, fighting housing discrimination, and several other "grass roots" endeavors.

In voter registration drives, Acorn has added hundreds of thousands of minority voters to the Democratic Party rolls. However, Acorn has been indicted and workers convicted of voter fraud by also registering dead voters and fictitious non-existent people.

In the housing area, Acorn demonized banks and mortgage lenders for alleged "redlining" of minority neighborhoods and for denying loans to "underprivileged" borrowers. Many banks and lenders caved under Acorn threats to sue and granted "no stated income" loans, no down payment interest-only loans, and adjustable rate home loans to unqualified borrowers. The net result was the subprime meltdown and massive foreclosures when borrowers with no equity in their homes just walked away. Is this the kind of "community service" Obama is proud of?"

"It is preposterous and offensive to blame this crisis on hard working Americans who broke no laws and were only trying to do exactly what they're supposed to - buy homes."

It is preposterous and offensive for white - rural voters to continue to vote AGAINST their economic interest and continue to elect GOP representatives who look out for the richest Americans.

The "ownership society"

about economic matters. This whole crisis really has very little to do with the actual defaults on mortgages and more to do with the people who could default or just walk away from terrible deals now that their real estate is worth 25% less than what their loans still have on it 943% of people owe more than their property is worth right now)...And even that simplistic explanation doesn't take into account the fact that even that wouldn't have posed as much risk for banks if it wasn't for the fact that all these loans are owned by about 2,000 someone elses now (most likely through 4 or 5 parties). And that still doesn't take into account the fact that all these prtgages still couldn't have brought most institutions down except for the fact that all these institutions leveraged these mortgages to each other buy issuing debt swaps guarunteeing them when they didn't own them...but yeah, it's the welfare moms again, that's the ticket!!!!

I think it is very important to keep the Democrats' feet to the fire on this.  The inclination is to go along with most of the GOP "solution" to the crisis they are largely, but not totally, responsible for.  

The suggested solution, even when jimmied with a bit, is just not going to do it.  We need to be writing our reps and insisting that they show some courage in addressing the structural problems here.  There is NO quick fix, that is just a further abuse of working Americans.

It's got nothing to do with the networks being stupid and everything  to do with them being spineless  and irrelevant.

The far-right GOPers - the Pences and Bunnings who have been among the biggest bailout critics in GOP circules - have an alternate proposal...

This proposal is to eliminate entirely the capital gains tax.

Apparently, no one told them YOU DON'T PAY CAPITAL GAINS UNLESS YOU HAVE.... you know CAPITAL GAINS - meaning it this does nothing to address the toxic shitpile of credit default swap based securities that are driving this collapse.

Rep. Kapture: make Wall Street pay back the loot, "right down to the tires on their Mercedes". :)

One advantage to living much of my time in Puerto Rico, relying on rabbit ears, and speaking very little Spanish so far is that I didn't even know who Cavuto was before seeing this clip.  Ah, bliss.

Of course, this was the first clip of Maddow I've seen too and it's nice to see someone laugh at Pat Buchanan.  While it would be nice to see Maddow more, the trade off to having to even flip through Fox News to get to her doesn't make it worth my paying for a satellite dish.

So I'll read, and reason, instead.

But here's my question:
Circumstantial evidence from the first clip suggests that Xavier Becerra could be an ethnic minority.  Was he not the slightest bit offended with Cavuto lumping all minorities into one basket with "risky" lenders?

Shouldn't he have called bullshit?

There is a lot of culpability to go around in this whole mess and the banks own a lot of it, as do the individual mortgage agents.  But so do the people who took out the loans. They're not victims; they're co-conspirators.  If you make $60,000 and you're not smart enough to understand that you can't afford a $300,000 house, you deserve whatever you've got coming.

-rs1971