|
Post by Jesse Morrell on Jan 21, 2009 17:59:44 GMT -5
The media has been talking about the nationalizing of banking. That means that the government, not the people, will control the banks. The banks, in principle, will not be private organizations but national organizations. The Politicians, not the bankers, will be calling the shots as to what the banks are to do.
The existence of Government should be proportionate to the necessity of Government. The justifiable existence of Government is conditional upon the necessity of governing. Government, without a necessity of government, is tyranny. It is power and control for the sake of power and control.
Government should not get involved in that which is outside the reason for its existence. That which the people can do on their own is not necessary for the government to control. It is not necessary for the government to get involved in education, health, economy, or banking. The people are capable of their own education, health, economy, and banking. These aspects of society should be free from government control! Personal responsibility, not government control, is the answer.
Regarding the nationalization of banking, this is absurd. Ronald Reagan said in his inauguration speech, "Government is not the answer. Government is the problem." This is true today as ever. The government caused the economic problem, not the people. The government under Bill Clinton, through "equality" legislation, forced the banks to give home loans to those who could not afford them. This, naturally, resulted in individuals having to foreclose on their homes. The large scale practice resulted in the banks themselves going bankrupt. It was just a matter of time until this type of legislation caused such an event.
Now the government, who caused the banking problem, wants to fix the banking problem through more control! It was government legislation that caused the problem, now they are trying to fix the problem through government legislation! But it was government control over banking which was the problem in the first place! The bankers, not the Politicians, are best fit to make the banking decisions.
Since the Sixties, many of these radical left wing individuals, who have gone from being hippie protesters to socialist politicians, have wanted to socialize America. Socialism could never replace capitalism as long as capitalism prospered. Government control would never be wanted as long as people control was working. Therefore in order to advance the socialist agenda for America, the capitalistic economy had to be made to fail. It was not, however, the people control that caused this failure, it was the government control that did. The solution is not more government control, the solution is more freedom in the area of economics and banking.
Let the people, not the government, decide which business failure and which businesses survive. No more bailouts which have no results. Economic stimulus has now become a guise for democrat big spending. And let the bankers, not the government, control the banks. That is what is right. That is what works. That is the American way.
|
|
|
Post by fs on Jan 21, 2009 20:21:13 GMT -5
Re reguakltion IS the answer. The corporations and the banks have proven over and over again that they are bot capable of policing themselves due to blind greed
Do me and the rest of us a favor Brother Jesse, stick to street preaching and stay out of political posts.
In these political posts you do not know what you are talking about.
Please go abck to just street preaching and especially your opposition to Calvinism and such as Calvamism is the most absurd thing I have ever heard.
A street minister you may well be, but you are no political writer and I hate to pop your bubble here.
I pray for your ministry and the salvation if the lost. This is your calling.
Stickt ow hat youa re fmailair with.
|
|
streetfishing
Full Member
Go ye into all the world and preach the gospel to every creature.
Posts: 138
|
Post by streetfishing on Jan 21, 2009 20:42:11 GMT -5
Sorry to disagree with you fs, but Jesse hit the nail on the head. The people didn't cause the problems we face today, way to much goverment did.... Jim
|
|
|
Post by Jesse Morrell on Jan 21, 2009 22:21:55 GMT -5
Accusations are not arguments.
Not sure if you knew that FS.
The solution to our economic problems is more private freedom, more personal responsibility, and less government control. The more free the people are, and the more limited the government is, the better America will be.
Government control over the private sector caused this problem. Limited Government is part of the solution.
|
|
|
Post by valentine on Jan 21, 2009 22:47:22 GMT -5
The media has been talking about the nationalizing of banking. That means that the government, not the people, will control the banks. The banks, in principle, will not be private organizations but national organizations. The Politicians, not the bankers, will be calling the shots as to what the banks are to do. The existence of Government should be proportionate to the necessity of Government. The justifiable existence of Government is conditional upon the necessity of governing. Government, without a necessity of government, is tyranny. It is power and control for the sake of power and control. Government should not get involved in that which is outside the reason for its existence. That which the people can do on their own is not necessary for the government to control. It is not necessary for the government to get involved in education, health, economy, or banking. The people are capable of their own education, health, economy, and banking. These aspects of society should be free from government control! Personal responsibility, not government control, is the answer. Regarding the nationalization of banking, this is absurd. Ronald Reagan said in his inauguration speech, "Government is not the answer. Government is the problem." This is true today as ever. The government caused the economic problem, not the people. The government under Bill Clinton, through "equality" legislation, forced the banks to give home loans to those who could not afford them. This, naturally, resulted in individuals having to foreclose on their homes. The large scale practice resulted in the banks themselves going bankrupt. It was just a matter of time until this type of legislation caused such an event. Now the government, who caused the banking problem, wants to fix the banking problem through more control! It was government legislation that caused the problem, now they are trying to fix the problem through government legislation! But it was government control over banking which was the problem in the first place! The bankers, not the Politicians, are best fit to make the banking decisions. Since the Sixties, many of these radical left wing individuals, who have gone from being hippie protesters to socialist politicians, have wanted to socialize America. Socialism could never replace capitalism as long as capitalism prospered. Government control would never be wanted as long as people control was working. Therefore in order to advance the socialist agenda for America, the capitalistic economy had to be made to fail. It was not, however, the people control that caused this failure, it was the government control that did. The solution is not more government control, the solution is more freedom in the area of economics and banking. Let the people, not the government, decide which business failure and which businesses survive. No more bailouts which have no results. Economic stimulus has now become a guise for democrat big spending. And let the bankers, not the government, control the banks. That is what is right. That is what works. That is the American way. ........................................................................... I'm a little frightened by this, but I actually agree with Jesse. Pigs fly.
|
|
|
Post by Jesse Morrell on Jan 21, 2009 23:12:43 GMT -5
I presented the view of the republicans vs. the democrats, the capitalists vs. the socialists.
I've been listening to Rush Limbough, Sean Hannity, and Bill O'Reilly today, and they agree with me too on this issue. '
|
|
|
Post by fs on Jan 22, 2009 9:11:59 GMT -5
Maybe you should try listening to Jesus better and focus on your ministry in the streets and stay out of politics.
Listening to the likes of Limbaugh, Hannerty and O Reiley are half of your problem. They are wrong on most stuff and wrong on this.
|
|
|
Post by fs on Jan 22, 2009 9:35:35 GMT -5
PS . I AM praying for you as you are on the road touring the campuses. Will you ever make it to the Wheeling area? Moundsville area? Would love to actually talk face to face about differences and similarities.
May you are blessed in your ministry and travel
|
|
|
Post by tonyholland on Jan 22, 2009 10:35:03 GMT -5
This is kind of half correct. The government did not force the banks to make the loans, but guranteed them by assuring the loans would be purchased from the banks by financial institutions that have historically been "run" by the government. The legislation itself was not bad, except that it didn't create a stop point. This enabled banks to get "creative" with their loans and the subprime nonsense began. No document loans, no down payment loans, stated income loans. The banks were able to do this, because they were pretty much guranteed that the loans would be bundled and purchased by someone else. The disaster was created when home values started decreasing, and these high risk loans (most of which were on a variable interest rate) were unable to be refinanced therfore, increased interest rates went into effect driving up monthly mortgage payments which people were unable to pay. This left the larger institutions unable to purchase more mortgages, and the banks that made the subprime loans were then stuck with them. It was kind of a snowball effect. Dont think for a second that the banks were doing this because they were forced to do so. They were enjoying record profits and looked for more and more ways to make new loans.
Point is that the government should have been more careful opening that door, and more should have been subsequently to correct the issue. This really isn't something that can be laid at the feet of either party, because at the time, both parties were very supportive of legislation to increase the number of homeowners. Democrats got to help the little man, Republicans got to help the business world by creating more work in the construction sector.
I'm not a huge fan of this bailout thing, but it's something that has to happen. It's not as simple as, "if the banks fail, they fail". This also dries up commercial paper, which makes most business' unable to run as they depend on lines of credit to fund day to day operations. Companies have to close, and people lose jobs. Consumers with credit cards find their credit lines reduced or withdrawn with little or no prior notice. Worst of all, its quite possible that without the banks being propped up, banks could close at a rate that could make the FDIC unable to protect people's money.
While I don't like the bailout, this is not the "nationalization of banking" These are loans extended to the banks to keep them from going bankrupt. In some cases the government has purchased stake in the banks as a way of giving them the cash while guranteeing the taxpayers investment. Since we have given all of this cash to the banks, I have no problem with additional legislation to protect the taxpayers investment. If the government is lending them the money, there has to be some rules about how that money is used.
|
|
|
Post by gordonmike on Feb 8, 2009 11:43:03 GMT -5
Jesse is a pompous idiot caught up in his own impertinence, laughable sinless nature and delusions. He is worthiness for anything but to laugh at. Not onyl does he believe in a mythical savior, but he believes in people like Limbaugh and the like as well. Great. Fools are attracted to fools, are they not. This proves it.
|
|