POLITICAL PARTY POOPER

WE WON'T BE SAFE WHILE POLITICAL PARTIES ARE LEGAL

Bill O’Reilly Says America is a Nanny State

Posted by politicalpartypooper on March 29, 2010

On October 12, 2007, the Dow Jones Industrial average hit an all-time high of 14,093.  On March 6, 2009, it hit bottom (or so we hope), at 6,626, representing more than a fifty percent decline in a year and a half.  Since then, it has risen to 10,800 and beyond over the course of one year.  What happened in between represents one of the largest wealth redistribution events in our nation’s history, as millions upon millions of middle class Americans saw their savings decline by more than fifty percent, while the wealthy were there to buy up the stocks that no one else could afford at bargain basement prices.  Executives of large Banks and Wall Street firms received huge bonuses along with Federal bailouts that allowed them to ride out the financial crisis in high style, while normal Americans were left worrying about their jobs, their homes, and their futures.

Much has changed since late 2008, when the Fed came to the rescue of the wealthy, but one thing that hasn’t changed is the precarious position of the majority of Americans in the Middle Class.  For them, life is still full of worry over their job, their home, and their future.

And then there is Bill O’Reilly, who claims to be a champion for “the people”.

“So therefore you have the progressives, which he is, up against the traditionalists who say we don’t want that. That saps our strength. We want to compete. And when you compete, some people win and some people lose.”

That’s a nice quote, Bill, but I wonder if you’d be so blithe about it if your financial position had changed from Multi-Millionaire to Homeless, like many more Americans are experiencing these days?  And what about small businesses, of which we’ve lost over 40,000 in the last year?  When do they get the opportunity to compete?  You certainly can’t say they have had a fair opportunity, not when the nation’s wealthiest and highest paid executives ruined the economy for the rest of us.  Between AIG, Wall Street, Fannie and Freddie, many small business owners never had a chance to survive, and it wasn’t as a result of their bad choices.

Our government put our wealthiest corporations on Welfare, and small businesses were told by these corporations that they were no longer a good credit risk, because…you know… those same wealthy corporations had “learned their lesson about risky debt”.  Yup, that’s what competition is all about.

Our government told us that we had to save these “Institutions”, otherwise our economy would collapse. What a load of garbage.

Our economy collapsed anyway.  One- in- five American males is jobless.  Twenty percent.  Wages are dropping.  Savings have been destroyed.  Millions have lost their homes.  But because we put the wealthy on welfare, we “saved” our economy from collapse.

Who here believes that?  If you are reading this blog, do you really believe we saved our economy from collapse?  If so, cite some statistics that prove it.  I know that Wall Street is experiencing a revival, but what about the rest of America?  Do you believe that competition is on a level playing field?  Do you believe that everyone has a fair opportunity?  Or is the game “gamed” to give an advantage to those with wealth?

Small Business owners who go out of business have no unemployment compensation.  No one has their back.  They won’t be getting a government bailout.  Yet the wealthiest corporations and executives all received government welfare.  Is that your idea of equal opportunity, and fair and balanced competition?  Republicans are ALL for keeping our system this way.  That’s your Conservative mindset.  It’s better that millions of Americans suffer, better that they lose their savings and their homes, than to provide for fair competition between the wealthy and the not-wealthy, which the wealthy call, by the way, “wealth redistribution”.  You see, any time we actually call for competition, the wealthy call it redistribution.

Because, as you know, if the wealthy had to play on the same field as the rest of us, every one of those insurers, banks, and Wall Street firms would be out of business today.

I believe that if we had allowed them to go out of business, our economy would have already recovered.  Instead, we are left holding the bag for a $700 Billion welfare check for the rich.  In short, Mr. O’Reilly, you wouldn’t know what competition was if it bit you in the ass.  Real competition in America means that today, AIG, Fannie, Freddie, and all of your Wall Street buddies would no longer exist. And some other, better, SMARTER business would have stepped into their place.  That’s how Capitalism is supposed to work.  Instead, we’re stuck with the same morons who caused this mess.

But we don’t get real competition in America, because whenever we do, people like Bill O’Reilly whine.  President Obama throws a few table scraps at Middle Class America in an effort to help them with their health care, and all wealthy people like Bill O’Reilly and Rush Limbaugh can do is flap their useless jaws about how unfair it is, about how it’s “destroying America”.

News flash, Bill:  America is already destroyed, and it was dumbfucks like you and your wealthy buddies who did it.  Step aside.  No one believes your bull shit anymore.  If we had held to true Capitalism, we wouldn’t have an AIG anymore.  We wouldn’t have a Citigroup or a Fannie or Freddie.  And we’d have a fighting chance at a decent recovery.  Instead, we still have these ten- thousand -pound elephants on our backs, and they’re making the same stupid bets that got us into this mess.  I say we liquidate them, like we should have two years ago.  But we can’t, because people like Bill O’Reilly will piss and moan for decades after the fact that the “sky is falling because we aren’t making it fair for the rich!”.  Fuck AIG. Fuck Fannie and Freddie, and any other bank that received a bailout.  They ALL should be out of business right now.  That’s competition, Bill.  Take your whining and your Gucci shoes, and your fat ass and get thee to hell, where you belong.

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12 Responses to “Bill O’Reilly Says America is a Nanny State”

  1. Liberty4all said

    Try reading a little more about what occurred.

    http://online.wsj.com/article/SB10001424052748704107204574475110152189446.html

  2. Liberty4all said

    Additional reading

    Fannie Mae Eases Credit To Aid Mortgage Lending
    By STEVEN A. HOLMES
    Published: September 30, 1999

    http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html?
    sec=&spon=&pagewanted=all

    What Caused the Subprime Mortgage Crisis?
    http://useconomy.about.com/od/criticalssues/tp/Subprime-Mortgage-Crisis-Cause.htm

    • Reality Check said

      Do you think that these pansy ass pussies will ever expose what started the mortgage meltdown?

      A Congressional mandate that mortgages be given to borrowers who would not qualify for conventional loans.It was the borrowers who forecolsed on their mortgages that pushed the first domino over. The same ones who we are going to bail out again!

  3. Reality Check said

    So the current situation is Bill O’Reilly’s fault? You , sir, are a flaming racist. Blame the white guy who is a talking head on a cable news program and ignore the fact that the Obama adminsistration adminsitered 90% of the loans to failing banks and Wall Street firms, all of whom donated substantially to his campaign fund.Imagine if George Bush did this?

    wait..oh yeah…GWB and comapny created the Iraq War for the benefit of their cronies at Halliburton. First, it now looks like establishing a democracy is going to be critical in containing the nuclear threat in Iran. Second, the contracts that went out to Halliburton and its subsidiaries were for service that the US Military could not provide.

    Imagine if George Bush ordered mass assasinations of alleged al Qaeda leaders in a country that we were not at war with? Imagine if those airstrikes also killed many innocent civilians? Where are the protests? You creeps on the left are hypocrites (You are not an Independent, my friend, over 95% of your posts rail against Republicans and their supporters, never against the Democrats).

    Please stick to the writing schedule that Maureen Dowd, Frank Rich, and Charles Blow (three incredibly untalented hacks for the NY Times) are following and write your spew about:

    1. Sarah Palin,
    2. Rush Limbaugh
    3. Dick Cheney
    4. The Tea Party

    You can vary the theme and accuse each of (1) racism (because all white people are, ignore the Black Panther voter intimidation) or, (2) inciting political violence (hmmm no looting and rioting like the LA “uprising”),or (3)promoting the interests of the rich (who pay 80% of federal taxes).

    • politicalpartypooper said

      Reality Chick,

      I just call them as I see them. Also, I was FOR the Iraq war, and believe we did the right thing; I just don’t think the plan for conversion to Democracy was well thought out.

      I’m in the middle, Reality Chick. I’m sorry that’s not Right enough for you, but I believe that a little bit of both is probably the perfect mix. You, on the other hand, are an unadulterated apologist for the Right.

      • Reality Check said

        “I’m in the middle, Reality Chick. I’m sorry that’s not Right enough for you….”

        In the middle between Rahm and Obam, that is how fare left you lean…or should I say bend over?

        Here is some news from USA Today:

        “Nearly two-thirds of Americans say the health care overhaul signed into law last week costs too much and expands the government’s role in health care too far, a USA TODAY/Gallup Poll finds, underscoring an uphill selling job ahead for President Obama and congressional Democrats.
        Those surveyed are inclined to fear that the massive legislation will increase their costs and hurt the quality of health care their families receive…..”

        Whay say you?

  4. Reality Check said

    Bet you can’t go a week without a blog about Sarah Palin, Limbaugh, or the Tea Party.

    • politicalpartypooper said

      Also, I have not written very much at all about Sarah Palin. But having watched her speech on Saturday, I couldn’t hold my tongue. I bet you’re one of those morons who believe we could cut the tax rate on everybody to zero nd NOT have a budget deficit, just like Sarah.

      TAX CUTS!!! It’s the only way to pay for everything!!…except, with the last three tax cuts, we’ve lost over $1.6 Trillion in funding every year! But never mind that!

      Yes, Reality Chick, it IS as stupid as it sounds.

      Magical Economic Theory.

      Get some.

      • Reality Check said

        Listen Political Party Diarrhea….why don’t we start taxing everyone…including the 52% of Americans who pay no taxes? Joe Blow who stocks shelves and drinks beer 7 nights a week uses the same resources that I (who works two full time jobs) do. Tax everyone the same rate. And give illegals amnesty if they pay a retroactive five year income tax charge and start paying their fair share. No more free rides.

  5. Reality Check said

    Hey…where is the video of Tea Parties hurling racial epithets at Black Congressmen?

    • Reality Check said

      hum de dum…doodle lee doodle….(whistling sound)…do dooo doo (tapping feet on floor)

      still waiting for those You Tube videos of the racial attacks at the anti-health care rally in DC two weeks ago.

      Sounds like another Al Sharpton Tawana Brawley remix. Where is the outrage over these false allegations?

  6. John said

    I find it interesting that Reality Chick has managed to spin what is clearly an economic rant into a racist one. Welcome to Right Wing Spin 101. The previous version, 100, was to make it religious/abortion.

    The reason the author is cricizing the “traditionalists” is because they were in power for 8 years. And no, it wasn’t one single congressional act that caused the meltdown, it was GREED (which is usually not encouraged in religious teachings).

    Big banks were interested in getting more than the government monopoly of 5 or 7 percent (because they get money from the Fed for very little and lend it out to whomever they choose for whatever they can get)… SubPrime and complex financial products (anybody remember junk bonds)… it started with Clinton/Greenspan in 1999 but continued through 8 years of Bush (sure, call the NY Times left wing) http://www.nytimes.com/2008/09/20/business/worldbusiness/20iht-prexy.4.16321064.html

    Sadly, this bailout means we’re asking the people who stole the money to count it when they put it back in the bank… and if both parties hadn’t agreed to intervene it definitely would have been Depression Era bad… or at least 1970’s inflation (that’s still coming because of the war spending).

    “52% of Americans pay no taxes” is another lie (or half truth half lie which doesn’t count as a truth so I guess technically it’s a lie… definitely a lie). There’s sales tax, there’s social security (which doesn’t sound like a tax but it is), there’s both Federal and State income tax, there’s taxes on gasoline, etc.

    Taxes that hit a large volume of people rather than a smaller portion (e.g. the wealthy) are considered “Regressive”, and in general regressive taxes are a bandaid/shortcut that always leads to economic ruin. Why? Because inevitably a small number of wealthy people figure out a way to bribe/avoid a slow stupid bureaucracy.

    Anyways, it isn’t whether 52% poor people pay 5% more of their income (13% below the poverty line, 20% below 20,000 a year, many of course don’t own homes or have stocks)… it’s how to efficiently balance the budget and reduce/remove the deficit (perhaps the author goes too far in thinking the American get rich quick psyche would ever reject the “credit card lifestyle” and business

    A practical way to understand it is that more Social Security is collected each year than given out, so the extra amount is effectively used to subsidize the National Debt, the Trade Imbalance, the Gulf & Afghan wars, and the Bailout.

    “Investor and multi-billionaire Warren Buffett has criticized the U.S. tax code as highly regressive, citing himself as an example: with an income of over $46 million, Buffet pays a tax rate of 17.7 percent, whereas his receptionist pays a tax rate of 30 percent.”

    Reality Chick, perhaps you work for Warren Buffet, if so ask for a raise but don’t be surprised if he fires you… and then you can complain about too many people on unemployment.

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