Comments on: What is the Root Cause of the Financial Crisis? http://www.intellectualconservative.com/2008/10/14/what-is-the-root-cause-of-the-financial-crisis/ Conservative and Libertarian Intellectual Philosophy and Politics Wed, 17 Mar 2010 19:41:34 -0700 http://wordpress.org/?v=2.9.1 hourly 1 By: michaelbp http://www.intellectualconservative.com/2008/10/14/what-is-the-root-cause-of-the-financial-crisis/comment-page-1/#comment-74435 michaelbp Mon, 20 Oct 2008 15:07:34 +0000 http://www.intellectualconservative.com/2008/10/14/what-is-the-root-cause-of-the-financial-crisis/#comment-74435 Total agreement here with the over-petitioning electorate being served by an overreaching government. I think the argument can be even further condensed to stupid greed as root cause(which our Constitution was indeed intended to check). Here's a turn from another forum on how someone else sees some of the finger-pointing: http://forums.industryweek.com/showthread.php?t=1959 Total agreement here with the over-petitioning electorate being served by an overreaching government. I think the argument can be even further condensed to stupid greed as root cause(which our Constitution was indeed intended to check). Here's a turn from another forum on how someone else sees some of the finger-pointing:
http://forums.industryweek.com/showthread.php?t=1959

]]> By: Mickey G http://www.intellectualconservative.com/2008/10/14/what-is-the-root-cause-of-the-financial-crisis/comment-page-1/#comment-74433 Mickey G Mon, 20 Oct 2008 14:19:49 +0000 http://www.intellectualconservative.com/2008/10/14/what-is-the-root-cause-of-the-financial-crisis/#comment-74433 There are some folks that claim the federal income tax is unconstitutional, even one that won in court although most have lost. There are some folks that claim the federal income tax is unconstitutional, even one that won in court although most have lost.

]]> By: AMAI http://www.intellectualconservative.com/2008/10/14/what-is-the-root-cause-of-the-financial-crisis/comment-page-1/#comment-74418 AMAI Sun, 19 Oct 2008 15:56:22 +0000 http://www.intellectualconservative.com/2008/10/14/what-is-the-root-cause-of-the-financial-crisis/#comment-74418 Anderson, just one egregious mistake? I must disagree. The one you cite about term limits is nothing in my view to the one relating to taxes, tariffs & other gov't interference in the market. Had the country's system been set up to be paid for by voluntary means in the first place (rather than tax, no matter how little it was back then), things would be vastly different now. The U.S. is looking so much like a European nation these days it will soon be invited into the EEC. Anderson, just one egregious mistake? I must disagree. The one you cite about term limits is nothing in my view to the one relating to taxes, tariffs & other gov't interference in the market. Had the country's system been set up to be paid for by voluntary means in the first place (rather than tax, no matter how little it was back then), things would be vastly different now. The U.S. is looking so much like a European nation these days it will soon be invited into the EEC.

]]> By: Ivan Ivanovich http://www.intellectualconservative.com/2008/10/14/what-is-the-root-cause-of-the-financial-crisis/comment-page-1/#comment-74396 Ivan Ivanovich Thu, 16 Oct 2008 18:57:38 +0000 http://www.intellectualconservative.com/2008/10/14/what-is-the-root-cause-of-the-financial-crisis/#comment-74396 jeanedcrusader1 Oh, it happened in 1964 when the truthful candidate got 38% and the winner got 61%. That was enough to prevent the truth from raising it's ugly head for a while. But as always it's not the candidates we should fault, it's us the voters. Never forget that Hitler was elected! jeanedcrusader1
Oh, it happened in 1964 when the truthful candidate got 38% and the winner got 61%. That was enough to prevent the truth from raising it's ugly head for a while. But as always it's not the candidates we should fault, it's us the voters. Never forget that Hitler was elected!

]]> By: jeanedcrusader1 http://www.intellectualconservative.com/2008/10/14/what-is-the-root-cause-of-the-financial-crisis/comment-page-1/#comment-74395 jeanedcrusader1 Thu, 16 Oct 2008 17:03:52 +0000 http://www.intellectualconservative.com/2008/10/14/what-is-the-root-cause-of-the-financial-crisis/#comment-74395 Thanks, Jack. I'll admit I've fallen into the trap of thinking it's a bad thing for a politician not to have ready answers to every question or problem of every American citizen, when really, half the time it simply isn't the government's responsibility. Do you ever think we'll have a candidate with enough gumption to make that statement, and if so, how will it change things? Or will both our conservative and leftist illuminati politicians always perpetuate false expectations that breed discontent, not to mention government encroachment? Thanks, Jack. I'll admit I've fallen into the trap of thinking it's a bad thing for a politician not to have ready answers to every question or problem of every American citizen, when really, half the time it simply isn't the government's responsibility. Do you ever think we'll have a candidate with enough gumption to make that statement, and if so, how will it change things? Or will both our conservative and leftist illuminati politicians always perpetuate false expectations that breed discontent, not to mention government encroachment?

]]> By: Ron Paul was Right - Bailouts are Disastrous :: Liberty Maven http://www.intellectualconservative.com/2008/10/14/what-is-the-root-cause-of-the-financial-crisis/comment-page-1/#comment-74369 Ron Paul was Right - Bailouts are Disastrous :: Liberty Maven Wed, 15 Oct 2008 16:41:44 +0000 http://www.intellectualconservative.com/2008/10/14/what-is-the-root-cause-of-the-financial-crisis/#comment-74369 [...] are clamoring for the government to “do something”.  Indeed, as Jack Ward over at the Intellectual Conservative put it, “When was the last time you heard a politician tell a voter that a request is [...] [...] are clamoring for the government to "do something".  Indeed, as Jack Ward over at the Intellectual Conservative put it, "When was the last time you heard a politician tell a voter that a request is [...]

]]> By: Anderson http://www.intellectualconservative.com/2008/10/14/what-is-the-root-cause-of-the-financial-crisis/comment-page-1/#comment-74353 Anderson Tue, 14 Oct 2008 20:17:25 +0000 http://www.intellectualconservative.com/2008/10/14/what-is-the-root-cause-of-the-financial-crisis/#comment-74353 The one egregarious mistake the Founding Fathers made was leaving out term limits. Perhaps there were those opposed to term limits back then, but it seems it would've been more likely to pass then than now. Republicans were able to get term limits passed mostly due to the fact that the most serious breach of tradition occurred with FDR being elected four times. Otherwise, no one would've thought to even bring up the issue. However, the presidency, despite all its publicity, is the place where term-limits is least needed. Congress is simply out of hand! These career politicians stay in Washington so long, they do not know what party they belong to anymore. They form friendships with other guys because, in the end, they are all human beings. And also, they all need each other to keep their boats afloat. Without their friendships, they cannot pass their bills and without their bills, they cannot get their lobbyist support. The corruption is pretty bad, but it's enabled by the lack of term limits. Since you can't boot out the bad blood, it festers and contaminates the pool. However, getting congressional term limits to pass in Congress might require a miracle. The one egregarious mistake the Founding Fathers made was leaving out term limits. Perhaps there were those opposed to term limits back then, but it seems it would've been more likely to pass then than now.

Republicans were able to get term limits passed mostly due to the fact that the most serious breach of tradition occurred with FDR being elected four times. Otherwise, no one would've thought to even bring up the issue.

However, the presidency, despite all its publicity, is the place where term-limits is least needed. Congress is simply out of hand! These career politicians stay in Washington so long, they do not know what party they belong to anymore. They form friendships with other guys because, in the end, they are all human beings. And also, they all need each other to keep their boats afloat. Without their friendships, they cannot pass their bills and without their bills, they cannot get their lobbyist support. The corruption is pretty bad, but it's enabled by the lack of term limits. Since you can't boot out the bad blood, it festers and contaminates the pool.

However, getting congressional term limits to pass in Congress might require a miracle.

]]> By: NHGrouch http://www.intellectualconservative.com/2008/10/14/what-is-the-root-cause-of-the-financial-crisis/comment-page-1/#comment-74348 NHGrouch Tue, 14 Oct 2008 19:09:22 +0000 http://www.intellectualconservative.com/2008/10/14/what-is-the-root-cause-of-the-financial-crisis/#comment-74348 Jack Ward's got it right, especially the part of the Imperial Federal Government (my term) violating The Constitution (which is what I've been saying for the longest time). He also hits on the people who keep demanding something from the government. In the end this combination will spawn a totalitarian government. Jack Ward's got it right, especially the part of the Imperial Federal Government (my term) violating The Constitution (which is what I've been saying for the longest time). He also hits on the people who keep demanding something from the government. In the end this combination will spawn a totalitarian government.

]]> By: Ivan Ivanovich http://www.intellectualconservative.com/2008/10/14/what-is-the-root-cause-of-the-financial-crisis/comment-page-1/#comment-74344 Ivan Ivanovich Tue, 14 Oct 2008 15:40:13 +0000 http://www.intellectualconservative.com/2008/10/14/what-is-the-root-cause-of-the-financial-crisis/#comment-74344 Thanks Mickey You mention one of my pet peeves. The ammendment system. Maybe they don't teach it any more, but why is it that after all these years of hearing about a "woman's right" that we do not see a move toward an ammendment? I wonder how many voters know that the Constitution has 27 amendments, the last one passed in 1992. And that not one of them mentions abortion or free health care. Mayor Bloomberg says it's "not democratic" to restrict his time in office to two terms. An astute commentator said it's also not democratic to allow free speech, but we do it. Years ago I noticed people writing on the Internet things like LOL, ROTFLMAO, and my favorite RTFM. Maybe we need a new one? RTFC. Thanks Mickey
You mention one of my pet peeves. The ammendment system. Maybe they don't teach it any more, but why is it that after all these years of hearing about a "woman's right" that we do not see a move toward an ammendment? I wonder how many voters know that the Constitution has 27 amendments, the last one passed in 1992. And that not one of them mentions abortion or free health care.
Mayor Bloomberg says it's "not democratic" to restrict his time in office to two terms. An astute commentator said it's also not democratic to allow free speech, but we do it.
Years ago I noticed people writing on the Internet things like LOL, ROTFLMAO, and my favorite RTFM. Maybe we need a new one? RTFC.

]]> By: Mickey G http://www.intellectualconservative.com/2008/10/14/what-is-the-root-cause-of-the-financial-crisis/comment-page-1/#comment-74342 Mickey G Tue, 14 Oct 2008 15:00:33 +0000 http://www.intellectualconservative.com/2008/10/14/what-is-the-root-cause-of-the-financial-crisis/#comment-74342 I will echo Ivan. Problem is that the way I read the Constitution most of the laws passed and commissions established are unconstitutional because the states never delegated those powers to the federal government. To make this more of an issue we have Supreme Court Justices that believe the constitution needs to be interpreted to meet the times instead of following the method that was created for the constitution to evolve to meet the times...amendments. But that is politics, if you can't win by following the rules find a way to avoid the rules. Thus judicial activism became the new religion. I will echo Ivan. Problem is that the way I read the Constitution most of the laws passed and commissions established are unconstitutional because the states never delegated those powers to the federal government. To make this more of an issue we have Supreme Court Justices that believe the constitution needs to be interpreted to meet the times instead of following the method that was created for the constitution to evolve to meet the times…amendments. But that is politics, if you can't win by following the rules find a way to avoid the rules. Thus judicial activism became the new religion.

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