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Obama Picks Net Neutrality Backer As FCC Chief
Ripit writes "President Obama on Tuesday nominated Julius Genachowski as the nation's top telecommunications regulator, picking a campaign adviser who has divided his career between Washington, D.C., political jobs and working as an Internet executive.
Genachowski is likely to continue the Democratic push for more Net neutrality regulations, which are opposed by some conservatives and telecommunications providers. He was a top Obama technology adviser and aided in crafting a technology platform that supported Net neutrality rules."
First off, your source is not appropriate for a serious argument. It's an op/ed by a columnist with accusations of plagiarism to his name, not a news article.
Ah yes, the "personally attack the messenger" tactic. Tell me though, which of the facts stated in the article are wrong, and where are the objective cites? Right.
The loans that caused the vast majority of the current mess were issued by mortgage brokers (firms like Countrywide Financial, Ameriquest Mortgage, and Ditech), not banks.
No, many of those loans from banks were sold to those firms as the banks knew they were toxic and it was an out given to them by the CRA and CRA-related legislation and regulations. Banks would quickly sell these mortgages on the secondary market to mortgage lenders like Countrywide, as well as these mortgage lenders' own risky home loans.
The idea that the CRA caused this mess has been debunked repeatedly by every study done on the subject. If you want some real sources on this, I'd suggest studies put out by a university, the Federal Reserve, or the US Treasury Department.
You're going to cite liberal and left-leaning sources that have a clear bias towards the Democrat/liberal agenda like the Center For Community Capital, and the Federal Reserve & U.S. Treasury Dept. which have strong political reasons to cover their butts for their roles, not to mention to not garner the wrath of Democrats? Fail.
The rest of your rant is hand-waving and typical playing of the race card as was done by Democrats in Congress to force the housing market into this crisis in the first place.
Your debunking has been debunked. Every time government sticks its' fingers into financial matters to try to equalize outcomes it ends up in disaster. Like it or not, poor people cannot afford to own a home. Many minorities are poor, so many minorities cannot afford a home. Rather than try to grow the economy by lowering taxes and regulations so more people, including minorities, prosper, the government attempted to ignore the reality that poor people, of which minorities are a large percentage, simply cannot afford to purchase a home.
Now that the financial chickens are coming home to roost, those politicians and their ideological supporters are scrambling to assign blame to anyone or anything but themselves and their unrealistic liberal/socialist policies that they fought to promote and enforce through the power of government.
Why is it that rather than allowing people the freedom so that everyone has the opportunity to raise themselves up (and yes, being a freedom rather than a decree, some may not choose wisely and fail..oh noes!) those on the left would rather lower everyone to an equal level of misery? Why are liberals so cruel?
Strat
Progressivism (aka US 'Liberalism'): Ideas so good they need a police/surveillance-state to enforce.
I just wasted my time reading that post and what you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.