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Wayne Doubletree Resident (138.26.199.131) on 12/12/2018 - 9:35 a.m. says: ( 268 views , 7 likes )

"That was ONE thing . . . "

Message Replied To ==========

Congress passed the economic stimulus in Feb. 2009, what did Bush have to do with that? *

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First, the Fed, the SEC, and the Treasury took some steps in Sept of 2008 (under Bush) . . . terminated short selling, insured investments, and relaxed some rules on group funding.

Then there was TARP (Bush) . . . which was a big as Obama's later move.

And finally there was all the Feds moves beginning in 2008 and all of that dwarfed any of Bush and Obama's legislation and reg changes. (expanding its balance sheet from 800bn to 5Tr).

So the idea that Obama saved the world is just a bit over the top.

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Starred by: Thunder FLVOL Mississippi Vol VOLMAN UFNY aubie in bham BelmontGator
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"The authority of government, even such as I am willing to submit to — for I will cheerfully obey those who know and can do better than I, and in many things even those who neither know nor can do so well — is still an impure one: to be strictly just, it must have the sanction and consent of the governed. It can have no pure right over my person and property but what I concede to it. The progress from an absolute to a limited monarchy, from a limited monarchy to a democracy, is a progress toward a true respect for the individual. Even the Chinese philosopher was wise enough to regard the individual as the basis of the empire. Is a democracy, such as we know it, the last improvement possible in government? Is it not possible to take a step further towards recognizing and organizing the rights of man? There will never be a really free and enlightened State until the State comes to recognize the individual as a higher and independent power, from which all its own power and authority are derived, and treats him accordingly. I please myself with imagining a State at least which can afford to be just to all men, and to treat the individual with respect as a neighbor; which even would not think it inconsistent with its own repose if a few were to live aloof from it, not meddling with it, nor embraced by it, who fulfilled all the duties of neighbors and fellow-men. A State which bore this kind of fruit, and suffered it to drop off as fast as it ripened, would prepare the way for a still more perfect and glorious State, which also I have imagined, but not yet anywhere seen."

That was ONE thing . . . Wayne 12/12/2018 - 9:35 a.m.


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