Conservative Tech: It's the Socialism, STUPID

Conservative Tech

It's the Socialism, STUPID

I have heard from my President (I voted for him twice) that the only thing that will save our economy is $700 billion dollars that will buy bad and not yet bad mortgages and mortgage backed securities. I know President Bush is a liar because the left has told me so. They have told me that he is "retarded", "evil", "guilty of war crimes", "Hitler", "stupid", and "he knew about 9/11 before it happened." So why would I believe him?

The last time Democrats sided with President Bush we got in a "foolish war" in Iraq. SO this time I'm not gonna listen to President Bush. I'm not going to believe him this time.... OH NO.... Bush lied people died and all that crap right?

I'm obviously kidding. I think Bush is wrong, I would take a different approach. Most conservatives are thinking people and can disagree with people without being disagreeable. It's not really hard to try something else.

Here is Newt Gingrich's fix:

Gingrich's four-point plan includes:
(1) suspending immediately mark to market provisions (the accounting practice of valuing a financial position in an investment at its current market price) in the hopes of stopping the downward spiral in asset values and eventually replacing it with a three year rolling average;
(2) repealing immediately Sarbanes-Oxley, the 2002 accounting law Gingrich described as "an enormous drag on small business";
(3) setting the capital gains tax rate at zero "matching the Chinese and Singapore" (to encourage private capital to flood into the market picking up properties without the taxpayers being at risk); and
(4) passing an "extraordinarily powerful" energy bill ("to return $500 billion a year to the American economy that are currently going overseas").

Now how much money does this cost American taxpayers? I couldn't find a dollar number... Hey wait...

IT DOESN'T COST ME A CENT!!!

I don't feel sorry for people who take on mortgages they know they can't pay back. I don't feel sorry for companies that didn't stand up and say, "NO I WON'T GIVE EVERYONE WHO WALKS THROUGH OUR DOORS A MORTGAGE EVEN IF THE CLINTON ADMINISTRATION TAKES US TO COURT." If a private company ran it's books the way our Congress has handled the oversight of Fannie Mae and Freddie Mac, Chris Dodd and Barnie Frank be in cuffs and off to jail.

And what of my fearless leader (Wife-Beater) in congress from the 14th district of Illinois have to say? On his website and from the Daily Herald "Rep. Bill Foster, a Geneva Democrat, says he too favors some sort of government intervention but is waiting to see more details."