Posted by
rycK on Tuesday, November 11, 2008 2:25:33 PM
Herbert at the NYT: We Need More Race-Based
Government and Higher Taxes to Be Fair.
We are
always privileged to study and digest the frantic political theorizing that poses as thinking at the New York Times —aka the Walter Duranty Papers. When certain
events threaten the intended outcome for one of their precious leftist
candidates or when new political actions are required so that the public can be
reeducated and vote accordingly for whatever new taxes and oppressive
government will favor the minority causes, Herbert wanders in with the usual
stack of soiled clichés and ‘teaches’ us all about equality and fairness.
Bob
Herbert of the NYT has been selected to unwarp our narrow
little minds on certain matters of equality and fairness
as we shall see today:
From a recent comment by Herbert
who handles only racial matters for the Times:
”Ignorance must really be bliss. How else,
over so many years, could the G.O.P. get away with ridiculing
all things liberal?”-- Hold Your Heads Up by Bob Herbert
Op-Ed Columnist Published: September 8, 2008
Actually,
I have a long list some of which is given below.
This could also read in different
venue:
”Ignorance must really be bliss. How else,
over so many years, could the Democrats get away with ridiculing all things
conservative?”— Hold Your Heads Up
Down
rycK November
11, 2008
From today’s hackneyed essay:
“The most important thing the Democrats and President-elect
Obama can do with regard to the economy is bring back a sense of fairness and equity[sic].”-- Beyond the Fat Cats by Bob Herbert
Op-Ed Columnist Published: November 10, 2008 [All quotes references this link
in this blog unless otherwise noted. [Emphasis is mine in
all quotes.]
Ah, Bob, did
you might not know fairness and equity
are synonyms. Did you mean equality or did you mean real
estate equity here or ownership in corporations? In our quest to be ‘fair’ and
‘ tolerant’ we need to let this conundrum slide for the moment and try to
deduce what he means here from the context of the rest of this screed.
We struggle on:
“Back in September, with the credit markets frozen and the
stock markets panicking, the treasury secretary, Henry Paulson, was telling
anyone who would listen that his $700 billion bailout package had to be passed
with lightning speed — no time to look at it too closely, no time for dissent.”
If you struggle to keep up with the news you
might tell us about the billions headed for the failed auto industry and more
billions to rescue some states like California, New York and probably New
Jersey and the failure of the 150 bln stimulus package that Democrats
overwhelmingly voted for and the new 150
bln dollar stimulus that Nancy Pelosi begs for in the Lame
Duck session and the 1 trillion dollars in new spending by B. Hussein Obama. Is
all that going to the fat cats? Is Nancy a multimillionaire? You seem to forget that the liberals were all
in favor of this mess and only some conservatives and some blacks voted against
it. Check out the vote Herbert. You might learn something about truth.
But, Herbert seems to grovel forward in his
customary and obsequious prone position with his hand out for more and more and
more money for the ‘poor’ and plead the
case that many were abused by the fat
cats:
A
glubberance:
“In an article on Sunday,
The Times mentioned a young woman in Philadelphia, Kyuana Everett, who is 21
years old, has a high school diploma and is desperate for work. “I’ve tried
everything,” she said, “retail sales, office work, but the employers all say
they have too many staff and they’re not hiring now.”
The article noted that Ms. Everett cannot even afford to
rent a room for herself. She stays with her grandmother, secretly, in a home
for the aged.
This is no ordinary recession. With brokerage houses,
banks and a mammoth multinational insurance company depending on the Treasury
for resuscitation, and with automakers like General Motors staring bankruptcy
in the face, it has the feel of a monster downturn, a recession on steroids.”
Having a high school diploma certainly ranks
her up in the top 80th percentile of African-Americans. And it is
true that she ought to have a job and participate in the Great Society. Did you notice the tax whoring and the
anti-business climate in Philadelphia? They have lost half their city population since 1950. Do you know why? Do you wonder if Nutter and
his thugs drove away business?
“Congress and the new administration need to think big — bigger than the
stimulus package of $100 billion or so, which is being kicked around. Now is
the time for a coast-to-coast “Rebuild America” infrastructure
program. Put people to work repairing and rebuilding roads and bridges,
decrepit schools and ancient sewer systems. Get the construction industry back
on its feet.”
What is the cost of that Bob? Who
pays for that Bob?
How much
did we spend on financing zero-down mortgages for ‘the poor’ who could never
pay their monthly mortgages Bob? How
about 3 trillion dollars Bob? Was that enough money for the poor Bob? 5 million
of those phony mortgages went to illegal aliens Bob. Is that part of your fairness and equity [sic]
theme of today? Or was that fairness in equity?
Bob seems to be blissfully unaware that the CRA [the phony Community Communist Reinvestment Act] forced banks to lend out money at a loss and that
this contributed to the collapse of the credit markets. The phony mortgages
were bundled and sold as ‘investments.’ Fanny Mae was the toilet where bad
loans could be flushed and Franklin Raines made a cool $90,000,000 dollars off
this scam. Oh, he is black and works for Obama? Oh, yes. Is Raines a fat cat
under your definition Bob?
Bob also
might tell us about the fairness and equity in affirmative action, busing,
welfare, Social Security, crime control and why cities like New Orleans, Detroit, Philly, Baltimore, Oakland, San Francisco and other crime centers were
operated by liberal Democrats and now have the highest murder rates in the Western Hemisphere. What went wrong here Bob? Here
are some numbers from Newark New Jersey:
Did you know about the crime statistics for Baltimore City [5.48
times the national average murder rate!], Oakland [3.5 times the national murder
rate] , Houston [1.78 times] , Detroit [5.16 times!!] and other places
and see similar corresponding trends and numbers. These are all liberal
Democratic enclaves with high welfare demands and very high black populations.
Could you explain that to us Bob?
Please answer the following
questions for us Bob:
Why is
the Washington, DC school system the worst rated in
the US [with the possible exception of
the LA Unified School System] when it spends more money per student than any
other district? Do we need educated people as employees or can we just ‘put
people to work doing any old thing’ and call that full employment? How about
our spending some more money on ‘education?’
Why is
the crime rate so high in cities controlled by Democrats? Are criminals and
druggies not good workers? Why is the high school dropout rate so high? Did
Bear Stearns cause this? Did the Iraq war cause this?
Why the
prisons are filled with mostly minorities Bob? What is the race factor here Bob?
Here are
some facts Bob: the auto industry is finished and was killed off by C.A.F.E.
standards, union demands, high gas taxes and bias against their industry by the
EcoNazism
movement and now you want to rescue them for what? To save the
unions? To build more cars and burn more gas? To provide more jobs? Do we need to
provide more cars so then we can drive across your new bridges and infrastructure
you give us in you plea for coast-to-coast “Rebuild America” infrastructure program. You didn’t know Al Gore wants to ban the
internal combustion engine? Didn’t you read Earth in the Balance? The way the auto industry went down reminds us of what happened
to rail system in the US. Will the auto industry look like Amtrak?
Do you really want to raise taxes and do some
really massive spending during a recession that looks like the beginning of
some new monster version of the Great Depression? Your colleague Paul Krugman at
the Times seems to think so. Read Krugman as he thinks we need to spend 50%
more than we think we need to. A trillion here and there is needed he thinks.
I don’t
think you understand how capitalism works and the need for educated workers
that are free of drugs, STDs and other hang-ups. But, you are certainly going
to find out with your fairness and equity mumblings.
If you really want to help the ‘poor’ and
criminal types you can advocate they be recruited into "… a civilian national security force that's just as powerful, just as strong, just as well-funded as…”[the army].
Then,
they can go door to door and ‘tax’ the rich and bring equality upon the land.
How about 500 bln to fund this new political force? That is about the cost of
the army.
All this
is possible Bob if you just raise taxes and do some heavier spending in your
quest for equity?
The answered
is always the same from Bob Herbert: racism is the root cause of all our social problems.
We can never find any blame to
lay around on African-Americans for their sloth, drug addiction, high crime
rates and dismal performance in the business and academic worlds. Affirmative
action programs are a tacit admission that blacks cannot make it in a
competitive society. The ‘educational’ programs are unproductive and that makes
for good leftist politics. The only signal advance that blacks have made in the
social world is abortion [politically sanctioned and celebrated murder] now running
at about 1500 per day. That has spared us 25,000,000 unwanted citizens, so far,
along with the welcome absence of their votes and that is probably the most
praiseworthy social advance we can credit the New York Times with. That one
really worked out well.
You might
watch Doctor Zhivago again and pay special attention
to the scenes where Gromeko's house is confiscated and his literary works condemned by
the state. That movie tells us much about the left and their mentality. The
outcome of Doctor Zhivago is one leftist-endorsed way to get
an enlightened ending to capitalist society that matches your notions of fairness and equity. War and/or depression are the
only changes that will allow for a concrete change in our society according to
the left. They have nothing else but other people’s wealth.
We need a new version of the song Der morgige Tag ist mein translated into Ebonics or
Spanish of course and played on loudspeakers from the White House Lawn. Maybe
Obama will phase out the military and replace them with a civilian national security force. That makes
sense to a Marxist. That is community activism using the theme of the Brown Shirts or Black Shirts.
rycK
Comments
to: ryckki@gmail.com
“Bear
Stearns made the first public securitization of Community
Reinvestment Act (CRA) loans started in
1997.[6] Editorialists in some American
newspapers[7][8] and US Congressman Ron Paul[9] say the CRA loans were lent to
otherwise un-credit-worthy consumers in the name of ending discrimination,
although an analysis of actual lending patterns does not generally support this
conclusion.[10][11][12]
On June 22, 2007,
Bear Stearns pledged a collateralized loan of up to $3.2 billion to "bail
out" one of its funds, the Bear Stearns High-Grade Structured Credit Fund,
while negotiating with other banks to loan money against collateral to another
fund, the Bear Stearns High-Grade Structured Credit Enhanced Leveraged Fund.[13] The funds were invested in thinly
traded collateralized
debt obligations (CDOs)
found to be worth less than their mark-to-market value. Merrill Lynch seized $850 million worth of the
underlying collateral but only was able to auction $100 million of them. The
incident sparked concern of contagion as Bear Stearns might be forced to
liquidate its CDOs, prompting a mark-down of similar assets in other
portfolios.[14][15] Richard
A. Marin, a senior executive at Bear Stearns Asset Management
responsible for the two hedge funds, was replaced on June 29 by Jeffrey
B. Lane, a former Vice Chairman of rival investment bank, Lehman Brothers.[16]
During the
week of July 16, 2007,
Bear Stearns disclosed that the two subprime hedge funds had lost nearly all of
their value amid a rapid decline in the market for subprime mortgages.