Howard Dean – “We’ve Had Enough Of Capitalism”

Loading

This video of Howard Dean depicts the classic Socialist, and he doesn’t hide it. In fact, at the end of the video he says:

“We’ve had quite enough capitalism the last eight years. I think we need some regulation now.”

Politic’s Daily has some more quotes from this interview:

Former Democratic National Committee Chairman Howard Dean was on CNBC today debating the likely impact of President Barack Obama’s economic policies and the $17 billion in cuts that the president has included in his $3.5 trillion budget. In the course of defending Obama’s policies, Dean made some statements that the Administration may come to regret.

Dean first said that there would have to be tax increases, which he called “revenue increases,” to pay for President Obama’s spending priorities (1:40). Dean followed that up by endorsing a “carbon tax,” (1:45) referring to a cap-and-trade pollution emissions system that the Administration and Democrats in Congress have shelved because, in the president’s own words, the plan would cause electricity rates to skyrocket. Finally, Dean asserted that President Obama’s economic policies are good for the country because, “[W]e’ve had quite enough capitalism the last eight years. I think we need some regulation now.” (5:00)

Video below:

Of course he ignores the real root cause for the economic downturn, or as Mataharley called it “The Perfect Storm.” The housing crisis finally led to this collapse and the root cause of this was government regulation, not deregulation:

The Clinton “improvement” of CRA was done in 1995. Now… look at the charts above one more time. Notice that from 1989 to 1995, the home prices remain relatively flat. Now notice that the increase in home prices corresponds to Clinton’s revamping of CRA, and his new mandates to prove compliance by firm numbers.

Now we see a clearer picture to “the perfect storm”.

The mandated easy money (documented by actual loan numbers and not intent) to high risk lenders was accomplished by the creative loan packaging…

The influx of so many buyers from the low rates and exotic loan packages flooded the inventory with ready and able buyers…. this led to overinflated prices of homes and the big boom of 2004-2006…

… which led to the inevitable foreclosures of the high risk buyers. They were unable to refi because of the inflated value…

…finally setting the stage for the high lending losses today – money the banks put out for inflated property values that can not be recouped in a resale in today’s market.

But to Howard Dean and his cohorts, including Obama, it was capitalism at fault. Ignoring the fact that more regulation is what ultimately led to this crisis he now wants more of it…..

Incredible!

0 0 votes
Article Rating
Subscribe
Notify of
13 Comments
Inline Feedbacks
View all comments

Hey dean, what’s this we sh*t? You know full well you’ll find a way to exempt yourselves.

Personally Reid I have had enough of you to last a lifetime. I think they need a new senator from Nev.
That makes more sense to me than getting rid of capitalism for socialism

Lets start by regulating his investments

I think we’ve had enough of the first 100 days – it ain’t gettin better, but the money still keeps going out. Who listens to Dean anyhow???? I thought he was dead!

Fedup is exactly right. It ain’t getting better out there. Business stinks and the next few months look frightening. Obama has everyone looking to the right at the ‘stress tests’, while Rome burns. We are in for some really tough financial times in my opinion.

Much of the problem originates in our schools and universities. This article by Dr.Sanity has a remarkable video that points up the complete disconnect in students understanding of socialist principles and application to life in general. Grades they understand – money…a different story.

http://drsanity.blogspot.com/2009/05/oh-brave-new-world-that-has-such.html

my friends daughter went to oregon state university on a full ride athletic scholarship. her degree is in social work, as she was taking classes, one she had to take was for her degree and it was womens studies. the class was taught by a hairy lesbian who demanded they write a paper on how they had been treated poorly as women in this nation. my friends daughter told the professor that she didn’t feel she had been treated poorly or been descriminated against as a female. the prof got pissed and asked her why she thought that way. the daughter explained that she came from a small town where her mother owned a business, her father is a teacher and her family is well known and she never saw any female get that treatment and she thought maybe the prof was a man hater with a chip on her shoulder. the prof freaked and told her she must have been brain washed by the conservatives and she would see how things really were once her parents weren’t paying her way. to sayt he least my friend told her daughter to write whatever the prof wanted and to keep her mouth shut and just get through the class. my friends daughter was really shocked by how the education system really attempts to make you feel as if you have been treated badly and that most college prof are crazy. she is now married to a wonderful man, has a beautifull baby and is working on her masters. that hairly lesbian saw her and told her she had succumbed to the “man” and would never know her realy potential. can you believe that crap. at least her education, such as it was, was paid for.

So, as Howard Dean defines them, the opposite of capitalism is regulation? That’s not liberalism, that’s just stupidity.

Here’s another video clip to consider, it’s from tonight’s Lehrer Newshour, on PBS:

http://www.pbs.org/newshour/bb/politics/jan-june09/politicalwrap_05-08.html

Four minutes into the video clip, there is this commentary, from David Brooks:

I’ve taken a look at what’s happened over this period, and I think Geithner comes out a big winner. He made a series of pretty tough decisions early on when he was ridiculed, and those decisions were: The banks were not fundamentally insolvent, that there was money, private money that wanted to come in, if they could achieve some degree of stability, and the third — and I think most prudentially — that we shouldn’t go to nationalization first.

If we have to get there, fine, but we should try this intermediate phase of public-private partnerships. And I think that was the prudent thing to do, and I think the events of the past couple months have basically vindicated so far the Geithner approach.

There is so much mischaracterization and bald exaggeration which continues to permeate this blog. I’ll be the first to agree that Al Gore exaggerates the threat of climate change. But the way that so many Flopping Aces contributors exaggerate the threat of a socialist revolution at the hands of the Obama administration makes Gore’s Power Point presentation look understated and cautious, by comparison.

You are also in a state of massive denial. You have bet the future of the conservative movement on the failure of an administration which is stubbornly refusing to fail. And you don’t want to hedge the bet; instead you are doubling down.

Well, it’s your hand, and you’ve got the right to play it, but it’s anything but a conservative play. You’ll deserve what you get out of it, all the credit and all the blame.

Another worthwhile segment of this week’s Shield and Brooks commentary are the following reflections of Jack Kemp (appearing in the final minute):

MARK SHIELDS: The thing about Jack Kemp was, in addition to his convictions about tax cutting, he put a smiling face on conservatism. Before Jack Kemp came along, conservatives in the country looked dyspeptic and grumpy like their shorts were too tight. They were always predicting gloom.

And he gave Ronald Reagan his domestic platform. Ronald Reagan was an incurable optimist, but he didn’t have a domestic platform going into 1980, and Jack Kemp’s — Kemp-Roth, you know, across-the-board tax cuts, widespread prosperity, I mean, that was Jack Kemp. And he was a remarkable man.

He was Hubert Humphrey of the Republican side. He had ideas. He had enthusiasm. He was upbeat. And he had no enemies.

JEFFREY BROWN: And his death comes, of course amidst all the backdrop of talk about whither the Republican Party today.

DAVID BROOKS: Right. And on top of what Mark said, he was an entrepreneur, an intellectual entrepreneur. Kemp-Roth was not supported by the leadership of the party. It was something he came up with from the back bench, and he spread ideas that were growth-, opportunity-, and hope-oriented.

Now, does the party have that sort of entrepreneurship from the back benches? No, it doesn’t have that today.

MARK SHIELDS: What about the front benches?

DAVID BROOKS: Or from the front benches. You know, Eric Cantor, a very promising Republican House member, tried to set out on a listening tour to find out what people thought of the party this week. He got hit from some Republicans outside Congress, but a little inside, saying, “Why are we listening? We know what we believe.”

So they’re against listening now?

Everybody liked Jack Kemp and most people liked Ronald Reagan. Nobody liked Dick Cheney and nobody likes John Boehner and nobody likes Sarah Palin. They appeal to absolutely no one, beyond the Little Tent which the GOP has come to represent.

– Larry Weisenthal/Huntington Beach, CA

Why dot they not come out and say they want a European Socialist State. Geez, it is not that hard to figure out.

And to think that if we accused Howard Dean or The Obama of hating Capitalism, we’d be called ‘haters’ and ‘crazy’. But now that Dean has admitted it himself, can we just get past that point of the debate and stipulate that we both believe that Democrats planned on ending Capitalism in America as their ‘cure’???

No better evidence that a statement against interest as we say in the legal game. An admission of this sorts is like gold (or tin, if you use Obamanomics to manage your assets).

OPM=Other Peoples Money. Dean needs to understand that OPM is now his money.
When the Dollar is worth nothing in June, he can come to my house for an MRE, a bottle of water and pull weeds in my front yard. That is Social and Economic Justice.

Filthy Socialists!