Fortune Magazine: Hillary's proposal to wreck the market

[ballz2wallz]

At the Democratic debate in Nevada last, Hillary showed just how awesome she would be on our economy:

(Fortune) -- Hillary Clinton is no dummy. Even her detractors know that. And yet in last night's Democratic presidential debate in Nevada, Clinton floated what is perhaps the dumbest solution to the current mortgage mess I've heard from a top presidential contender.

"I have a plan - a moratorium on foreclosures for 90 days [and] freezing interest rates for five years, which I think we should do immediately," Clinton announced at what was the last Democratic debate before the Nevada Caucus on Jan. 19. A 90-day moratorium on foreclosures would throw a lifeline to some deserving homeowners, though I suspect it would only delay the inevitable for most. That's not my beef.

This is just a taste of what she would do as leader of the free world

[RMNIXON]

Do these economic planners ever get it? Do they understand the market will not fall in line like a Zombie to their wims against smart self-interest? All this will do is encourage further bad behavior by lenders and borrowers and cause investors to flee!





This is typical liberalism. Help some people when the press is watching and ignor the wake of harmed people that will follow when nobody is looking! That or blame everything on greedy Republicans!

[JaJae]

She's an idiot. Obama is the only top tier Democrat with common sense. I don't trust Hillary or Edwards with our nation and this is why.

[Spideynw]

Obama is a liberal/socialist Democrat, how could he possibly have common sense? Don't get me wrong, I think all of the Republican and Democratic candidates are worthless, except for Dr. Ron Paul. He is the only one actually suggesting a real solution to the economic problems.

[motivez]

Originally Posted by Spideynw

Obama is a liberal/socialist Democrat, how could he possibly have common sense? I mean, I disagree with him on issues, and since I'm 100% correct, that means everything he says is completely nonsensical! Don't get me wrong, I think all of the Republican and Democratic candidates are worthless, except for Dr. Ron Paul. He is the only one actually suggesting a real solution to the economic problems that I agree with.

fixed

[David Octavius]

Originally Posted by motivez

fixed

[Spideynw]

Originally Posted by motivez

fixed

Wow, you must be pretty stupid to not see that I was just responding in kind to JaJae's post, which was just as vague. Maybe you should "fix" JaJae's post first.

[JaJae]

I don't think Obama is a socialist. I think he's practical in his political views, namely on the economy. He doesn't run around spouting off asinine crap all the time without thinking it through or knowing the repercussions... like Hillary Clinton tends to do quite often. Remember the baby bonds? And Edwards is just beyond hope...

The best person running in regards to the economy is Paul, but he has a snowballs chance in hell at getting the nomination. With each primary he's losing support. And now with the racist newsletters that went out in his name (which he has no idea about and has no desire to clear up) he's basically done for. It's time to start looking at viable candidates. Not everyone who disagrees with you is a socialist.

You could make a strong socialist case for Hillary/Edwards. But Obama is fairly moderate.

[motivez]

None of them are socialists, people who call Democrats socialists don't even know the meaning of the word.. and it's used as an attack, like it's some kind of insult.. like when Republicans try to use the word 'liberal' as an insult

It's not, socialists just believe things should work differently, and it seems to have worked pretty well for the countries that actually ARE socialist in Europe. I'm personally sick of seeing so many people use thinly veiled insults to describe people who think or believe differently.

[Thorgrim]

Pretty much every person who has seriously analyzed the Democratic race has said Edwards/Clinton/Obama are so close on every issue you can imagine...they are only different in appearance and voice

If you mixed up the Obama and Clinton quotes, and campaign points, threw them into a hat without any names, and picked them up one by one, you'd have no idea what was Clinton's quote or plan or what was Obama's quote or plan

[Spideynw]

Originally Posted by JaJae

I don't think Obama is a socialist. I think he's practical in his political views, namely on the economy. He doesn't run around spouting off asinine crap all the time without thinking it through or knowing the repercussions... like Hillary Clinton tends to do quite often. Remember the baby bonds? And Edwards is just beyond hope...

The best person running in regards to the economy is Paul, but he has a snowballs chance in hell at getting the nomination. With each primary he's losing support. And now with the racist newsletters that went out in his name (which he has no idea about and has no desire to clear up) he's basically done for. It's time to start looking at viable candidates. Not everyone who disagrees with you is a socialist.

You could make a strong socialist case for Hillary/Edwards. But Obama is fairly moderate.

I never said everyone who disagrees with me is a socialist. But most Democrats are.

Given Obama's vague stance on issues and the fact that he is a Democrat, my guess is he will try to increase spending, without reducing it anywhere else.

[Thorgrim]

Is it Obama or Clinton who are:

Against school vouchers, more money for public schools, abortion on demand, support the Kyoto agreements Al Gore has been behind for so long and basically all Republicans and many Democrats have been loathe to support, support civil unions and are against constitutional bans on same sex marriage, but do not yet support same sex marriage as law they would pass, want a path for earned citizenship for every illegal immigrant, support a phased withdrawal of our troops from Iraq, support net nuetrality, a federal healthcare plan that subsidizes any pays for any poor person to get healthcare, voted against reducing federal spending/any system that would control spending by a programs effectiveness, i could on and on
The candidate is both Hillary and Obama

[JaJae]

Originally Posted by motivez

It's not, socialists just believe things should work differently, and it seems to have worked pretty well for the countries that actually ARE socialist in Europe. I'm personally sick of seeing so many people use thinly veiled insults to describe people who think or believe differently.

First, being socialist isn't an insult. Therefore it is not a "thinly veiled insult" to describe someone as a socialist.

And when their ideas of "things should work differently" include the thought process that profits are an evil of our society that must be redistributed by government bureaucracies, I think it's fairly safe to claim their ideologies are more socialist than anything else.

The Democratic party has been moving towards socialism (whether it be intentional or unintentional) for some time now. They are taking the baby steps needed to get us there.

[Thorgrim]

No and No

Read the Democratic Platform of 1908 and the speeches of the Democratic nominee Willing Jennings Bryan in 1896, 1900 and 1908

In 1908, the Democrats and Socialists ran against each other...because they are two different ideologies

Socialists got 4% of the vote, Democrats got much higher

[JaJae]

Originally Posted by Thorgrim

No and No

Read the Democratic Platform of 1908 and the speeches of the Democratic nominee Willing Jennings Bryan in 1896, 1900 and 1908

In 1908, the Democrats and Socialists ran against each other...because they are two different ideologies

Socialists got 4% of the vote, Democrats got much higher

That was a century ago. Read the Republican platform from 1908 and compare it to their actions today.

[Thorgrim]

Originally Posted by JaJae

That was a century ago. Read the Republican platform from 1908 and compare it to their actions today.

Expanding the army, more international trade, domestic policies to support business...and attacking the Democrats for being too liberal

But that's besides the point, you're saying the Democrats have become "more socialist" over time...with no proof, and looking back you see

1) They were more "left" in the past
2) They have always, and will continue, to oppose socialism and fight socialists in general elections, as it's a completely different ideology

It's really simple, Democrats believe the government should work with Business and believe in a regulated market that encourages a successful capitalistic economy, Socialists believe the government should nationalize all businesses and the people should elect their bosses

[ballz2wallz]

Obama's words are empty. Just because he spreads positive vibes doesn't mean his plans are any more logical or rational. What is it he's really pushing? He's just as much a liberal as Hillary. Don't let yourself be fooled.

[6SpeedTA95]

Edwards is basically a socialist, he's admitted it numerous times on CSpan.


On the subject of this thread....


Hillary's plan isn't that bad. The notion that it would "shoot up interest rates" for everyone else is just a theory. While I think her plan is a bit extreme I'd hardly call it a "bad" plan.

People that want to sit back and do nothing or very little about this mortgage/credit crisis have little understanding of our economy, credit markets and most importantly the mortgage/housing market and its broader impact on our economic system. I'm sick of people on both sides criticizing the other without addressing the real issues and talking about the broader impacts of doing something or nothing on the market overall.

[6SpeedTA95]

Originally Posted by ballz2wallz

Obama's words are empty. Just because he spreads positive vibes doesn't mean his plans are any more logical or rational. What is it he's really pushing? He's just as much a liberal as Hillary. Don't let yourself be fooled.

I dont think so, hillary made a move to the center in an attempt to run for president, this started in the late 90s. She's a closet hardcore liberal. Obama is a liberal but he makes no bones about it, doesn't try to hide anything and I think he's a true uniter which means he'd be willing to come to the table and work together with republicans and democrats.