Comments on: Senate Passes Foreclosure Rescue Bill

Plan Will Back FHA Loans To Give Struggling Homeowners New Fixed Rate Mortgages

Add a Comment See all 81 Comments
by taotxzen July 12, 2008 1:43 PM EDT
(cont)

Those people out there -- well, you know how they are -- are just a bunch of "whiners," said Col. Gramm. In fact, the whole *** nation is just a bunch of whiners, with all their problems residing firmly but only in their head.

The admiral instantly clarified that the colonel doesn''t speak for him, forgetting momentarily that he hired the colonel to do just that. At any rate, Lost-Causer Gramm wasn''t about to back down. "I%u2019m not going to retract any of it. Every word I said was true," drooled Gramm.

We believe you, Phil -- not what you said, but that you believe what you said. No further clarification is necessary. Nevertheless, thanks for sticking to your muskets.
Reply to this comment
by taotxzen July 12, 2008 1:36 PM EDT
Absolutely NO GROUP of American homeowners at any time should be singled out for help with their mortgage. The reason why not is that all the homeowners before them--who may or may not have been in similar circumstances were not helped or bailed out.

This is a slippery slope. If anyone is bailed out, every single American homeowner who has EVER lost a home to foreclosure should sue the Federal government for discrimination and singling out some for preferential treatment. The fact that so many in so many other recessions and at other times were ignored--means that those who receive help now are treated better than those who have lost everything before and those who will lose everything after.

That is discrimination.

Posted by toldyouso12

See if you recognize any of these traits:

Right Winged Authoritarians (RWA):

Research has discovered a wide range of RWA scale relationships over the years, which can be organized into four general categories. (The Authoritarian Specter)

(cont)
Reply to this comment
by taotxzen July 12, 2008 1:35 PM EDT
(cont)

1: Faulty reasoning %u2014 RWAs are more likely to:

* Make many incorrect inferences from evidence.
* Hold contradictory ideas that result from a cognitive attribute known as compartmentalized thinking.
* Uncritically accept insufficient evidence that supports their beliefs.
* Uncritically trust people who tell them what they want to hear.
* Use many double standards in their thinking and judgments.

2: Hostility Toward Outgroups %u2014 RWAs are more likely to:

* Weaken constitutional guarantees of liberty such as a Bill of Rights.
* Severely punish %u2018common%u2019 criminals in a role-playing situation.
* Admit they obtain personal pleasure from punishing such people.
* Be prejudiced and hostile against racial, ethnic, nationalistic, sexual, and linguistic minorities.
* Volunteer to help the government persecute almost anyone.

(cont)
Reply to this comment
by taotxzen July 12, 2008 1:34 PM EDT
(cont)

3: Profound Character Attributes %u2014 RWAs are more likely to:

* Be dogmatic.
* Be zealots.
* Be hypocrites.
* Be absolutists
* Be bullies when they have power over others.
* Seek dominance over others by being competitive and destructive in situations requiring cooperation.

4: Blindness To One%u2019s Own Failings And To The Failings Of Authority Figures Whom They Respect%u2014 RWAs are more likely to:

* Believe they have no personal failings.
* Be highly self-righteous.
* Use religion to erase guilt over their acts and to maintain their self-righteousness.

Reply to this comment
by taotxzen July 12, 2008 1:27 PM EDT
Phil Gramm Is Conservatism

Posted July 11, 2008 | 09:53 AM (EST)

Phil Gramm thinks that the economy is wonderful and those that feel otherwise are mistaken. This is does not make Gramm uniquely callous. It just makes him a conservative.

For several years, conservatives have been mightily trying to insist the economy tastes great, so shut up and eat it.

At the end of 2004, the National Review''s economic editor Larry Kudlow proclaimed, "The U.S. economy is hitting on all cylinders as 2004 passes into 2005 ... Most in the mainstream media steadfastly refuse to give the economy a break." He railed that "amidst all this economic good news," a "declinist rant" was being perpetrated by "big-media."

15 months later, Kudlow regurgitated:

It''s always amazing to listen to conventional demand-side economic pundits and mainstream reporters who try as hard as they can to minimize the excellent performance of the American economy ever since lower marginal tax-rate incentives were put into place almost two-and-a-half years ago. ... Of course, you can''t please the worrywarts.

In December 2005, Fox News'' Fred Barnes also pointed a finger at "the media" for marring the pretty picture:

(cont)
Reply to this comment
by taotxzen July 12, 2008 1:26 PM EDT
(cont)

...gas prices have fallen, I think new home sales, maybe it was old home sales, anyway, one of them set a record last month. And, and this 4 percent growth has been going on month after month after month after month. It''s really an extraordinary economy. And yet, when you look at the polls you''re so fond of, they show that the American people think they''re fine, but that the rest of the people in the country are doing poorly economically. Why is that? ... Because, obviously people know how they''re doing, but they have to rely on the media to tell them how the rest of the economy is outside their neighborhood. And the media has been entirely negative.

A year later, just before the 2006 congressional elections, Barnes lamented in the Weekly Standard: "The economy, strong as it is, hasn''t produced a feeling of prosperity."

In June 2007, Washington Post columnist George Will concluded that Democrats had a "Prosperity Problem," based on Will''s world of cherry-picked stats:

In the 102 quarters since Ronald Reagan''s tax cuts went into effect more than 25 years ago, there have been 96 quarters of growth. Since the Bush tax cuts and the current expansion began, the economy''s growth has averaged 3 percent per quarter, and more than 8 million jobs have been created. The deficit as a percentage of gross domestic product is below the post-World War II average. Democrats, economic hypochondriacs all, see economic sickness.

(cont)
Reply to this comment
by taotxzen July 12, 2008 1:24 PM EDT
(cont)

And in January of this year, the National Review''s David Gitlitz could only explain the looming recession on something other than economic reality:

If the U.S. is capable of talking itself into an economic downturn, we may be on the cusp of the first recession in history caused by a bad mood ... it''s not difficult to understand why the economic mood of the country is so bad. It''s nearly impossible to avoid the media''s constant deluge of economic negativism...

This is conservatism. The dismissal of economic burdens from others making less money than you. The belief that an ideal economy can thrive with a small boat of winners and a giant sinking ship of losers. The insistence that your economic dissatisfaction is illegitimate, and can only be explained by a brainwashing from the media or politicians.

Gramm''s only unique remark was expanding the blame beyond "big media" and "the Democrats" to ... everybody. Calling America "a nation of whiners" only made glaring the fundamental elitism of conservatism.

But make no mistake. Gramm is conservatism.

The Huffington Post
Reply to this comment
by fstop100 July 12, 2008 1:16 PM EDT
take the money away from the ceo and all officers first.
Reply to this comment
by rushlimbaug4 July 12, 2008 1:05 PM EDT
Randy Nason: If you haven''''t figured it out yet, this Congress is spineless, they haven''''t found a bill yet they won''''t fold too. Pelosi and crew are as useless as the Republican version of Congress. There simply is no difference. And it isn''''t going to get better. Neither side cares what the American people need, they represent only one faction of our society, big business.

Posted by Edward1975 at 01:07 AM : Jul 12, 2008

Listen up SPORT!! Big Business made this NATiON WHAT IT IS!! It was NOT THE Laborer crafting a product from his blood and sweat!! It was the Boss sitting in his OFFICE Making THE tough decisions to go over seas who is the real hero, the real reason our nation is the BEST!!

You can listen to my superior opinion on everything from who to vote for to what products to buy 24-7 on my website, SEE YOU THERE!!!!
Reply to this comment
by toldyouso12 July 12, 2008 11:24 AM EDT
Absolutely NO GROUP of American homeowners at any time should be singled out for help with their mortgage. The reason why not is that all the homeowners before them--who may or may not have been in similar circumstances were not helped or bailed out.

This is a slippery slope. If anyone is bailed out, every single American homeowner who has EVER lost a home to foreclosure should sue the Federal government for discrimination and singling out some for preferential treatment. The fact that so many in so many other recessions and at other times were ignored--means that those who receive help now are treated better than those who have lost everything before and those who will lose everything after.

That is discrimination.
Reply to this comment
See all 81 Comments

Exclusive Webshow

Author Thomas Friedman on Obama's Afghanistan plan and the war on terror. Watch Now

Latest News
News in Pictures
Scroll Left Scroll Right
Connect with CBS News

Stay connected with the CBS News using your favorite social networks and online news applications: