Forum Post: Lets outlaw corporations and let small business fill in the gaps
Posted 12 years ago on Jan. 4, 2012, 10:02 a.m. EST by freewriterguy
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Lets outlaw corporations and let small business fill in the gaps, then at least the politicians wont be owned by corporations any longer.
there is an unellected concentration of power in a corporation
If the politicians are owned by the corporations why don't you replace the politicians?
so let's say two young kids put together a nice device that everyone loves. it's a small company, but the demand for the product is so great that they become a major company in a year.
what are you going to do, knock them down? prevent them from making nicer and better devices? cut their income which will reduce their research and development?
i am talking about steve jobs and steve wozniak starting apple computers inc.
well i would have liked to try and own an iphone all these years, but steve jobs chose to not sell them to me in my market, tmobile has yet to offer it, and i sure dont want to pay a thousand dollar cancellation fee plus 150 more a month to switch to att or verizon.
But yes, steve jobs had a hundred million dollars in the bank after his first apple computer, so, he could have donated the iphone idea to another individual who needed the job, but instead like mosts greedy corporate execs he chose to keep the money and the job to his greedy self, and im sure he isnt too happy where he ended up today, and he sure as hell couldnt take all that wealth with him. but hey as long as americans are still losing their jobs and their homes, and in many cases their families, id say my point is well proven!
your not just douche bag freewriterguy.....your a dumb douchebag
1) 1977, the CRA was passed by democratically controlled congress and president (Jimmy Carter). Designed to encourage banks to give loans to previously unqualified people.
2) Clinton Revised this act and forced banks to give out loans or pay penalties in 1995. A democratic president.
3) Two major GSE's who have been around for a while become loan buyers. Private banks had no risk when making loans to unqualified borrowers, because Fannie/Freddie bought off loans making a no risk environment for private banks. Since banks are publicly owned, they work for the shareholders and therefore make moves for profit as required by law. The GSE's Fannie Mae and Freddi Mac were created by democrats and are government run.
3.5) In 2003, Republican President George W. Bush attempted to pass a bill to stop the current actions, because he saw what was occuring and knew the consequences in the end. The democrats once again, blocked it.
4) Teaser rates for interest were used. So a person on a $30k yearly salary for example (not real numbers) was able to get a $500k loan for a house under almost no interest for the first months of years. Then interest skyrocketed up a huge percentage. The person couldn't afford it and just walked away from the house. The person loses money and gets screwed, the bank loses money and gets screwed.
5) Housing prices before went up based on a bubble, and this bubble wasn't based on capitol like it should, but based on credit...non existant credit. It was a way of using a loan to pay off another loan kind of deal in the end. Houses went for prices above what they were truly worth. The bubble burst...
6) The housing market crashes which is the main cause of the entire recession we just had.
7) Now the same people (not same people but same party) who caused the housing market crash and entire economic recession are trying to fix their mistakes by making even worse mistakes such as the stimulus bill. Yes, people shouldn't have borrowed more money than they can pay back and live in homes out of their reach, but the government should have never allowed such a thing to happen, because they interfered in private affairs between loaners and borrowers. So final conclusion, say what you want, but Democrats are almost solely responsible for the housing market crash and economic recession. They created the GSE's that caused the recession and they stopped the republicans from trying to fix it. Yes bush was a bad president and I agree, he got into too many wars and did a bad job, but he nor the republicans in government caused the recession. Stop watching the communist news network and msnbc, and do some research people, this is what happened and why it happened. And if you can't believe your ears what I said, i'll say it again and in bold words:
THE DEMOCRATS CAUSED THE RECESSION!
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