While Governor of Massachusetts, Mitt Romney implemented what became the model for Obama care.
Jason Chaffetz claimed to adhere to Tea Party principals. Now Jason Chaffetz is helping raise money for Mitt Romney, the person responsible for socialized medicine in Massachusetts.
Jason Chaffetz clearly believes in people such as big-government socialized medicine Mitt Romney.
Mitt Romney raised $10.25 million Monday at a daylong fundraiser in the early voting state of Nevada with the help of Rep. Jason Chaffetz and other Utahns.
Wednesday, August 31, 2011
Tuesday, August 30, 2011
Morgan Liddick Wants More Reckless Lending
In this opinion piece, Morgan Liddick points fingers at the Democrats and advocates for a loosening of bank lending standards to match the reckless lending of the early 2000s.
From Morgan Liddick's schizophrenic article "Financial daydreaming"
... the lending slowdown can be traced to higher capital requirements stipulated by the new consumer financial protection bureau, brought to us by — among others our old friends Sen. Chris Dodd and Rep. Barney Frank.
Loose capital requirements allowed firms like Lehman Brothers to recklessly borrow and lend, ultimately at taxpayer expense. Though they were a decade late, at least the Democrats Dodd and Frank have begun to restrict the reckless behavior of financial firms.
Apparently Morgan likes Wall St. bankers more than Main St. business who will bail out the bankers when the bankers fail. Higher capital ratios lead to less failures, thus less bailouts on the backs of those working on Main St.
Demanding higher cash reserves and more stringent standards is a fine political pose, but it will lead to less lending ...
Of course it will lead to less lending, Morgan. The prior era of reckless lending failed. Why does Morgan Liddick advocate for the failed policy of reckless lending backstopped by the taxpayers on Main St.?
Notwithstanding calculations showing a loan is low risk with high probability of positive impact to ongoing business, it will not be made ...
That is an opinion unsubstantiated by facts. The problem is debt saturation - businesses and people generally don't want more debt.
Growth is anemic, business lending is down.
This is the logical result of a credit expansion that went too far.
They're perfectly willing to smash the system in order to save it ...
The damage was inflicted a decade ago. We are suffering the results of the failed policy of loose lending and excessive risk taking by the banks.
Morgan Liddick is advocating for a cure that is made from the poison that caused the problems. Either Morgan Liddick is schizophrenic, or he just loves to argue with himself and point fingers.
From Morgan Liddick's schizophrenic article "Financial daydreaming"
... the lending slowdown can be traced to higher capital requirements stipulated by the new consumer financial protection bureau, brought to us by — among others our old friends Sen. Chris Dodd and Rep. Barney Frank.
Loose capital requirements allowed firms like Lehman Brothers to recklessly borrow and lend, ultimately at taxpayer expense. Though they were a decade late, at least the Democrats Dodd and Frank have begun to restrict the reckless behavior of financial firms.
Apparently Morgan likes Wall St. bankers more than Main St. business who will bail out the bankers when the bankers fail. Higher capital ratios lead to less failures, thus less bailouts on the backs of those working on Main St.
Demanding higher cash reserves and more stringent standards is a fine political pose, but it will lead to less lending ...
Of course it will lead to less lending, Morgan. The prior era of reckless lending failed. Why does Morgan Liddick advocate for the failed policy of reckless lending backstopped by the taxpayers on Main St.?
Notwithstanding calculations showing a loan is low risk with high probability of positive impact to ongoing business, it will not be made ...
That is an opinion unsubstantiated by facts. The problem is debt saturation - businesses and people generally don't want more debt.
Growth is anemic, business lending is down.
This is the logical result of a credit expansion that went too far.
They're perfectly willing to smash the system in order to save it ...
The damage was inflicted a decade ago. We are suffering the results of the failed policy of loose lending and excessive risk taking by the banks.
Morgan Liddick is advocating for a cure that is made from the poison that caused the problems. Either Morgan Liddick is schizophrenic, or he just loves to argue with himself and point fingers.
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