"Nothing is more dreaded than the national government meddling with religion." John Adams

Featured Posts


Creative Minority Reader

Obama's Credit Crunch

One of the biggest problems with the economy right now is that there's been a credit freeze and lenders are reluctant to lend money. So the government got involved and started throwing money at the lenders to get them to start lending again.

But now Obama is bullying lenders into not collecting money they're owed by Chrysler. Obama's goons are even threatening the creditors to sic the White House press corps on them.

What effect does the White House think this bullying will have on lenders? If the government can come in and threaten companies not to recoup on the debts, won't that only make lenders even more reluctant to loan money?

Once the government has the ability to step in and void a valid contract, doesn't that send a chill through the entire system?

Your Ad Here

9 comments:

nightfly said...

I can hear Mr. McVeigh, my sophomore year history teacher, solemnly invoking "Marbury vs. Madison, 1804, upholding the force of valid contracts." Whatever he said, it worked and now I'll never forget it.

Siobhan said...

This is why I don't trust the recent stock market uptick. Obama advising Chrysler and GM to "clean up their balance sheets" sounds like such a benign and responsible thing to do, but what it means is that people who are owed money will not be paid, and it's a LOT of money. How can anyone have confidence in the bond market after something like this?
Obama is a worse disaster than I ever could have imagined.

Kevin said...

the answer is YES!

Child of God said...

God is pretty thorough when he chastizes a nation isn't He?

Until Americans drop to their knees and repent their greed, theft, bullying, fornication, murder, adultery, unnatural sex, bribery, coercion, and the deification of a high living standard, Obama and the DNC will continue to avenge God against America.

Anonymous said...

This and the AIG Bonus thing made me think of something I saw in "A Man for All Seasons" GREAT MOVIE! Rent it....
These Attorney's General who were going after the AIG bonuses never articulated what law these execs (who worked for $1 a year) broke! The arguement is it is "taxpayer money" and that it is wrong for "policy reasons" but no law has been broken! When Attorney's General take action outside of enforcing the law they become mere thugs and it isn't just the AIG execs who are harmed. We are all harmed.

I mentioned St. Thomas More in "A Man for All Seasons" I won't give away the plot but there is one part that resounds through to today and current events.

Although it is the law that eventually forces More's execution, the play also makes several powerful statements in support of the rule of law. At one point More's future son-in-law, Roper, urges him to arrest Richard Rich, whose perjury will eventually lead to More's execution. More answers that Rich has broken no law, "And go he should if he were the Devil himself until he broke the law!" Roper is appalled at the idea of granting the Devil the benefit of law, but More is adamant

"What would you do? Cut a great road through the law to get after the Devil? ... And when the last law was down, and the Devil turned round on you - where would you hide, Roper, the laws all being flat? This country is planted thick with laws from coast to coast, Man's laws, not God's, and if you cut them down -- and you're just the man to do it -- do you really think you could stand upright in the winds that would blow then? Yes, I give the Devil benefit of law, for my own safety's sake!"
-St. Thomas More in “A Man for All Seasons”
Luis

Deusdonat said...

C-O-G, do you really think an economic downturn is God "chastizing" America? That is one of the most ridiculous things I have heard, and would expect it from the likes of Pat Robertson or some other fundie televangelist...but NOT on a Catholic blog. The economy is a man-made mechanism. Man controls the economy, NOT God. If God wanted to "chastize" humanity, or America, I can think of several other biblical ways He could do it.

Please rethink your wayward Calvinist tripe before posting it on a Catholic blog.

T Shaffer said...

Deusdonat,

I believe that when a nation becomes morally bankrupt it's collapse or destabilization is inevitable. Call it natural law or God's law, it's the truth. One could certainly say it's God's way of chastizing us.

John Hetman said...

Wow, I see Deusdonat escaped again from Devil's Island..."wayward Calvinist tripe" -- anathematizing
the theologically casual. Light the pyres!!

Here I thought the man eating crocs would contain the rascal.

Lee Gilbert said...

Deusdonat- The Greeks had a saying, "Whom the gods would destroy, they first make mad."

We are being governed by madmen, and it is especially obvious in their economic policies. And we were mad enough to elect them.

And a just Providence had nothing to do with this?

We are in the process of becoming the monitory tale that fathers will tell to their children and priests to their congregations down the centuries.

Let's pile our sins up to the sky, so that when we are ground into dust, the world will have an entire library of cautionary tales-about pornography, about fornication, about homosexuality, about shacking up, about divorce and remarriage, about sacrilege, pedophilia, serial murder, embezzlement, the abortion holocaust, stem cell research, massive greed, and apostasy. Have we left anything out? We still have a few years left, probably, to plumb the depths a little further and to round out the picture.

With no financial or economic education to speak of, it was possible five years ago to predict the economic catastrophe were now living through, not precisely, of course, but in its broad outlines. And I did. It's a very simple methodology, really. Pick the worse case scenario that's being floated by reasonable minds, and go with it, because judgement is coming our way.

Under that rubric, we are at the very beginning of the Great Depression.

Pray. Buy food.

Post a Comment