in2pecs saidHey Gregography,
Thanks for the comments.
A couple of things. First, did Newt ever say he thought we should attack Iran and N Korea? I know that Huffington Post made that comment, but that was not in quotes. I watched the two videos that were attached to the post article and he NEVER says those words. So my first comment would be that he is being castigated for something that was inferred from his comments. And as often is the case, we will jump on the bandwagon.
What he did say, was that when we (Americans) have a problem, we should look at the options and come up with a solution that is at least as big (read that as responsive) as the problem itself. For example, you do not set out to do health reform and focus only on how you are going to squeeze the insurance carriers.
So if war was our response to the threat of the "axis of evil," then we should have gone all the way and not just after Iraq.
So he says that Iran and Korea are equal threats to Iraq, and we should have instigated military action against them, not just against Iraq, but now since he doesn't say "WE SHOULD INVADE" that he's being treated unfairly by people who say he's implying we still need to have military action against the other two? Sorry, that just doesn't make sense.
And again, sorry, if you think that this first version of the healthcare bill is in any way a squeeze on insurance companies then you're not paying attention. Go back and look - mandates that people buy insurance and that people can't be turned down, but it doesn't set any limits on what the insurance companies can charge. Think that one through.
in2pecs saidAs far a Freddie and Fannie.... the government gave them carte blanche long ago to offer gauranteed backed mortgages to many people that had no possible way of paying them back. Then, they were allowed to group them with good loans and create all of these very complicated derivatives that were impossible to fully understand and further fueled the "bubble". None of the regulations imposed so far exclude this practice in the future. Additionally, I am not aware of any additional regulations over these institutions.
This is incorrect and really is repeating fox news lies. Here's some actual facts:
Had there been reasonable regulations on the highly risky mortgage backed securities there would have been less fraud in giving loans to unqualified buyers but even with the same percentage of bad loans it was the collapse of the house of cards of the mortgage-backed securities market that caused this mess, not that some relatively small number of people didn't pay their lmortgage payments.
This stuff is complicated, but I think if you're going to make comments about what happened and who was responsible you need to at least do some minimal research.