Political Correctness made housing “affordable” to those who had no means to pay for it. Politicians threatened banks to make the loans and then used government entities, Freddy & Fanny to hide the bad debt in securities they purchased. Politicians protected Fred and Fan while they received political “contributions.” No laws were broken.
George Washington Plunkett described this back in 1900 when he used the term “Honest Graft” and former VP Al Gore seconded the notion with “No controlling legal authority.”
“Plunkett of Tammany Hall” understood politics as a business with the need to work hard to succeed. Every action has to satisfy three objectives – 1 benefit his political party, 2- benefit himself, and 3- provide something for the public. He believed giving handouts to the poor to be good politics, as the poor have more friends than the rich, and in their gratitude they will return the favor on election day.
Plunkett understood reciprocity – political parties would fight on election day, but the day-to-day required cooperation to maximize the opportunities for honest graft. Earmarks were freely distributed to all members of congress who cooperated with the system.
Last night’s speech by the president ended with a call for members of congress to come together to fix the current financial mess. Politicians of both parties must now find the solution that benefits their party, enriches themselves, and provides some comfort for the taxpayer.
KROFT: Why you? I mean, why do you think you would be a good president?
OBAMA: Well, I was going to get to that.
KROFT: Go ahead.
OBAMA: You know, I’m a, I’m a practical person. One of the things I’m good at is getting people in a room with a bunch of different ideas who sometimes violently disagree with each other and finding common ground and a sense of common direction. And that’s the kind of approach that I think prevents you from making some of the enormous mistakes that we’ve seen over the last eight years.
Isn’t this exactly what John McCain is doing ?
So it now takes an invitation from the President to get Obama to join in the discussions .. LOL
GWR, I’m in the same spot I was in on Sunday. When I wrote that post I was including two transactions that had not cleared but since have.
Maybe people are just waiting to get their checks on Friday More likely it’s the economy – it’s made things tough for everyone. If I don’t get enough to take care of hosting for the next year I’ll put what I have raised towards a new site design. I really need to do that as I think the site needs a new look and more functionality. I am still holding out hope that enough people will contribute to help me take care of hosting for the next year, tho.
Blogads
Disclaimer: The views expressed on this blog do not necessarily reflect those of ST's advertisers, nor do their opinions necessarily reflect ST's.
ST, how far from the financial goal are you now?
Political Correctness made housing “affordable” to those who had no means to pay for it. Politicians threatened banks to make the loans and then used government entities, Freddy & Fanny to hide the bad debt in securities they purchased. Politicians protected Fred and Fan while they received political “contributions.” No laws were broken.
George Washington Plunkett described this back in 1900 when he used the term “Honest Graft” and former VP Al Gore seconded the notion with “No controlling legal authority.”
“Plunkett of Tammany Hall” understood politics as a business with the need to work hard to succeed. Every action has to satisfy three objectives – 1 benefit his political party, 2- benefit himself, and 3- provide something for the public. He believed giving handouts to the poor to be good politics, as the poor have more friends than the rich, and in their gratitude they will return the favor on election day.
Plunkett understood reciprocity – political parties would fight on election day, but the day-to-day required cooperation to maximize the opportunities for honest graft. Earmarks were freely distributed to all members of congress who cooperated with the system.
Last night’s speech by the president ended with a call for members of congress to come together to fix the current financial mess. Politicians of both parties must now find the solution that benefits their party, enriches themselves, and provides some comfort for the taxpayer.
Isn’t this exactly what John McCain is doing ?
So it now takes an invitation from the President to get Obama to join in the discussions .. LOL
GWR, I’m in the same spot I was in on Sunday. When I wrote that post I was including two transactions that had not cleared but since have.
Maybe people are just waiting to get their checks on Friday
More likely it’s the economy – it’s made things tough for everyone. If I don’t get enough to take care of hosting for the next year I’ll put what I have raised towards a new site design. I really need to do that as I think the site needs a new look and more functionality. I am still holding out hope that enough people will contribute to help me take care of hosting for the next year, tho.