Comments on: Update II: Bush & The Bailout Bandits https://barelyablog.com/bush-the-bailout-bandits-2/ by ilana mercer Wed, 02 Apr 2025 19:29:09 +0000 hourly 1 By: Alex https://barelyablog.com/bush-the-bailout-bandits-2/comment-page-1/#comment-14349 Tue, 30 Sep 2008 21:06:49 +0000 http://barelyablog.com/?p=1488#comment-14349 Well guys, I am back. The turd hit the fan (I guess), and I went and sat down with my political science professor about the current state of our economy, and economics in general.

What started out as a conversation between two adults (one younger than the other, of course) ended up with me being kicked out of his office. For the first time in perhaps ever, I have been kicked from a teachers office.

What started the conversation along the lines of economics was his question of why I did not speak my mind during class, and that his grading up ‘curve’ applies only to those who participate in class. I told him that I prefered to stay away from class dicussions as my political idealogy and economic beliefs might upset some people.

He then asked what I would do about the current financial crisis.

This is perhaps when I should have said nothing, but I continued to try to give a defense over pure capitalism, and unrestrained banks and trade. His first comment, a put down, was that I he wasn’t sure where I was getting my ‘backward’ ideas regarding laissez faire; that system ‘failed’ in 1890. I told him that I politely disagreed with him. He began laughing and saying that I was full of misguided, ‘backward’, and silly ideas. I assumed that he was following neoclassical idealogy and asked him about it. He didn’t know what that was; he again asked me what strange types of economic reasoning that I was getting my misguided information from. (The Economist magazine?)

He said that the only real economics was Keynesianism, as it explained everything. I told him that I disagreed, because of the faulty theory inherent in this economic policy. He became even more agitated and told me that I was now insulting him. I apologized and told him that this was not my intention.

He then told me that his colleagues all agreed with him. I hesitated, and then told him that I would argue my case with them as well. He started laughing and then told me that I was now insulting his colleagues. I sat in silence. He then asked me how many of ‘them’ I had (pointing to the sheep skin’s on the wall). I told him none. He said, ‘Exactly. You don’t have *any* of those. This conversation is now over, I am eating, now please get out of my office.’ (Argument from Authority; a logical fallacy).

None of what I have said is made up, nor is it embellished in any way. I will be writing to my professor to recap exactly what has happened in order for it to be on record. I would like to get a recommendation so that I may get into an honors program, but I am not sure that I will receive it from him.

I would like to say that I am surprised, but I am really not. Nor do I feel bad; it is difficult to feel bad when arguing about human liberty. It is also difficult to feel bad when someone says that they praise diversity of thought, and then does not honor their idealism.

I don’t feel upset, but I feel defeated. It reminds me of the scene in Lord of the Rings, when orcs are breaking down the door to the castle chamber. One of the characters feels he can no longer fight. Another questions why; he responds ‘what can men do against such barbarians?’.

Enter ‘college’.

[You were not only the adult in this unpleasant, unethical interaction; you were the gentleman and the true teacher. I feel for you greatly.–IM]

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By: James Anderson Merritt https://barelyablog.com/bush-the-bailout-bandits-2/comment-page-1/#comment-14348 Tue, 30 Sep 2008 10:35:41 +0000 http://barelyablog.com/?p=1488#comment-14348 I just wanted to defend the honor of turkeys, which are not, in reality, dumb enough to drown in the rain, staring up at the sky. In their natural environment, turkeys are clever and tricky, very hard to kill or capture. Their reputation for stupidity comes from their behavior in the large, artificial flocks that are created by humans, using modern poultry methods. I know this from first-hand experience on a poultry ranch. After those years, I observed humans living in crowded, artificial conditions in cities. Amazingly enough, they, too, were not as smart — and often seemed to behave at least as badly — as turkeys in human-made pens.

Overcrowding negates the natural instincts and talents of both turkeys and humans. One thing that turkey handlers know is how to stampede the flock so as to get the birds themselves to run toward the abbatoir. Looking at the “financial meltdown,” I see that the human handlers have similar knowledge. For the moment, we seem to have resisted their tricks. But how long until we succumb to their wiles and stampede in the desired direction?

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By: Alex https://barelyablog.com/bush-the-bailout-bandits-2/comment-page-1/#comment-14347 Tue, 30 Sep 2008 03:03:21 +0000 http://barelyablog.com/?p=1488#comment-14347 I’m currently considering bringing this to the attention of my poly science professor. I have heard him make a lot of economically bogus arguments.

The only thing that makes me hesistate is the amount of ruckus that could go down.

Then again… true liberals are known for being troublemakers.

Hmm…

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By: Steve Stip https://barelyablog.com/bush-the-bailout-bandits-2/comment-page-1/#comment-14346 Mon, 29 Sep 2008 23:25:01 +0000 http://barelyablog.com/?p=1488#comment-14346 The Dow down 777.68. Better than down 666.68. Coincidence?

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By: Anna Pauli https://barelyablog.com/bush-the-bailout-bandits-2/comment-page-1/#comment-14345 Mon, 29 Sep 2008 14:13:42 +0000 http://barelyablog.com/?p=1488#comment-14345 My 11 year old daughter’s Social Studies teacher had the kids watch the debate and write their impressions. Anna wrote something like (not exact wording): “They both were for the economic plan but I don’t know what it is. They both talked about Fannie Mae and Freddie Mac but I don’t know who they are. They both sounded full of bologna and I was bored.” – I think she captured the essence of the differences between the two parties – Myron.

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By: Bernard Anderson https://barelyablog.com/bush-the-bailout-bandits-2/comment-page-1/#comment-14344 Sun, 28 Sep 2008 04:35:31 +0000 http://barelyablog.com/?p=1488#comment-14344 In theory, is this practice more Socialist or Fascist?

[They are two sides of the same coin. The bailout has aspects of both. This is why both Democrats and neoconservative like it, but the hard right rejects it. Interesting point.–IM]

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By: Steve Stip https://barelyablog.com/bush-the-bailout-bandits-2/comment-page-1/#comment-14343 Sat, 27 Sep 2008 20:30:42 +0000 http://barelyablog.com/?p=1488#comment-14343 Tom,

The Mystery of Banking by Murray N. Rothbard will make clear to you the criminal roots of fractional reserve banking and the devastation (via boom-bust cycles and inflation) it wrecks on society.

It is available for free from mises.org or as a newly released 2nd edition hardbound from that same site. This book is a classic!

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By: Tom https://barelyablog.com/bush-the-bailout-bandits-2/comment-page-1/#comment-14342 Sat, 27 Sep 2008 13:50:23 +0000 http://barelyablog.com/?p=1488#comment-14342 The only person that I have seen on television of national and financial prominence who has made any sense about the mortgage crisis 700 Billion dollar bailout swindle has been Mort Zuckerman, as seen on the McLaughlin Group. I strongly recommend that the national television news media interview Mort Zuckerman, and I strongly recommend that the Republicans follow the advice of Mort Zuckerman, by increasing money supply and capital for banks, by investing in bank stocks and by loaning money to banks; but NOT buying the bad mortgage securities from banks, as stupidly suggested by the Bush administration.

[See Updated Post.–IM]

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By: Robert Glisson https://barelyablog.com/bush-the-bailout-bandits-2/comment-page-1/#comment-14341 Sat, 27 Sep 2008 01:00:35 +0000 http://barelyablog.com/?p=1488#comment-14341 Friday, went to WND and found that Hal Lindsey had Friday’s comments instead of you. Bored and disappointed I clicked Hal’s picture. Then I noticed your byline. I’m afraid to look at my financial websites right now won’t till the dust clears and you are right on the money, it is a mess caused by socialistic government and socialistic business working together always ignore sound economics . Nationalizing these businesses won’t work either except to create more of the same. The only thing we can do is ride it out. Fat chance of that though.

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By: Steve Stip https://barelyablog.com/bush-the-bailout-bandits-2/comment-page-1/#comment-14340 Fri, 26 Sep 2008 21:59:21 +0000 http://barelyablog.com/?p=1488#comment-14340 “(Does anyone else feel an irresistible urge to throw a good punch into Barney Frank’s smug mug?)” Bob Schaefer

You must be kidding. What if you cut your hand on his teeth? You may snip this Ilana, I could not resist.

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