Was the Bailout Moral? - Dinesh D'Souza Responds

[cocoinfinity1]

Nice to listen to dinesh without some moron sharing the stage with him.

[cromptonator]

I couldn't believe how many people were praising Obama for giving out bailouts! Did they actually believe it would stabilize the economy? The US is now in debt for $14.5 trillion.

[Pdrum2]

"ordinarily the guy can't pay the mortgage" not true, they have mortgage assistant program they tried to eliminate in the house.

[Pdrum2]

explained it quite well

[PikPobedy]

Just think of the good he could do to India with his compatriots.

[aReaganDesignee]

I really like D'Souza, makes great sense.

We need more people to speak out like this.

[bonfirejovi]

What? this guy has NO idea about economics. the bailout HAS NOTHING to do with capitalism or morality. what a stupid stupid man. this the problem when you let a person who talks about trivial subjects such as religion and morality out of the cage to talk about practical and important topics such as economic. the bailout (along with the stimulus) is a keynesian principle designed to fight unemployment and keep people spending. government is to blame dinesh... freddie and fannie?

[Weeth]

its like........ DUH!!!

[klard]

Nice try attempting to equate morality and capitalism by the juxtaposition. Capitalism has shown itself to be inconsistent with any system of morality in its tendency toward excesses.

[bonfirejovi]

@klard dont be an idiot. capitalism was a reaction against feudalism where everyone could now own property and it wasnt just for the nobles. capitalism has done for our standard of living and for ability to freely exchange ideas than any system thus far. and it works, everytime the government involved the free market (freddie and fannie) you see failure. free market capitalism is the only way.

[klard]

@bonfirejovi We have capitalism now but we don't have free market capitalism. Capitalism has become a system dominated by a wealthy elite for their own benefit. The people who do the work are paid so poorly that they cannot purchase the production of the system anymore and there is a huge crisis of excessive productive capacity and unmet needs. Capitalism has came round full circle and is now a feudal system itself of money masters and debt slaves.

[bonfirejovi]

@klard i know we dont have free market captalism... that is the problem. capitalism hasnt become anything. this mixed economy we adopted (probably under woodrow wilson) which has been leading to a more bloated and bureaucratic corporatist government. if anything we have been moving to a more centralized government (i.e. socialism). these people today aren't capitalist, they are wolves in sheep's clothing. free market capitalism is the opposite of what government wants.

[Pdrum2]

@klard I have a problem with his viewing on morality and capitalism, I do agree that accountability is moral but it's hard to reallt reconcile morality with capitalism unless your view is utilitarianism usually

[odaibaman]

Getting back to topic, this was an outstanding answer by Mr. D'Souza. He is right that "economic blackmail" was used by the financial services industry to facilitate the largest transfer of wealth in history from the government to the private sector.

[taz0k2]

I don't know what you are talking about since I am not a citizen of USA but do you have any sources it sounds like interesting stuff!

[mbelma6329]

Someone tell me how it's politically smart for the GOP to appeal to the group of voters they do. The ones everyone talks about: white Christians and the incredibly 'wealthy'. This is a relatively small bloc of voters that are shrinking in number.

Democrat support:

Women, GLBT, Union members, teachers, working class (whatever that means. lots of people work) Poor people, minorities, illegals,

If u wanted to stay in office, who would you want thinking you supported them?

[steve0281]

The people with guns.

[mbelma6329]

And the liberal gun owners?

[steve0281]

They're out there, to be sure, but they are in the vast minority of total gun owners.

[mbelma6329]

You're just guessing.

Could anybody guess, by simply looking, which gun owner voted for a particular party? No.

Plus, there are conservatives, like myself, who don't even own a gun but advocate for less restrictions on gun owner.

You're pulling these statements out of your ass, buddy.

It pales in comparison to the things you're probably PUTTING in your ass. You know, cause everyone knows all gay people vote Democrat.

[steve0281]

Indeed. I am guessing, but it is an educated guess based on decades of experience that you don't have.

And there are Libertarians like myself who aren't telling if we are armed or not.

If you are trying to imply that just maybe the socialists among us really are armed in great numbers and they only pretend to not like guns so they can get them away from the non-socialists I would say that you are probably incorrect.

[mbelma6329]

Blanket assumptions belong to the intellectually devoid.

You're not a Libertarian. You're a liberal Democrat posing as a pseudo-conservative who voted for Obama.

If you were truly Libertarian, you would want the Government to have little, if any presence in the private sector.

The fact that you think hunters and people with guns in the home for protection are suddenly major threats to the Republic shows you're a phony.

[steve0281]

Uh, riiiiiiiight!

I voted for Bob Barr.

Where did I state or even indicate I supported anything but limited government?

I do not think people with weaponry are a threat to the Republic. I consider them the last hope for the Republic.

Nice troll.

[mbelma6329]

What I'm saying is gun owners make up a small percentage of the populous.

The handguns don't count towards the total number of votes a politician gets so it doesn't make sense for the majority of GOP members ot support them.

The groups listed FAR outweigh the ones Republicans support which puts them at a statistical and strategic disadvantage.

It does speak volumes for the amount of principle they stand on, however.

[steve0281]

Define "small percentage." I have seen figures running from 30%-50% of the populous as owning guns in the US. This exceeds the proportion of people who actually vote.

I think (note that word there; think) that most people are not Republicans and not Democrats. I think most are disaffected and disenfranchised. And I think that both parties know this.

[averageworkinggal]

Treasury did the approach that had worked in the Scandanavian bank crises of the 1990s by changing from troubled assets rescue to direct capital injection.

The problem is they ignored the coming second wave of defaults to hit 2009-2011.

The banks exposed to that aren't rescuable.

The money should have been used to create a temporary government banking alternative to save the economy.

Let those banks go BK and let the market work to revive the banks.

[iwashboats]

awesome answer... i recommend every book he writes.

[klinger04]

I second that motion. Read everything he writes. Watch everything he does. Listen to everything he says. That man is an intellectual giant. Why can not we have politicians of his intellectual caliber? Well I guess they'd not be politicians then.

[bonfirejovi]

@klinger04 ron paul, at least he understands blowback and economic theory. something dinesh and his trivial excursions into morality know NOTHING about.

[moviemox]

accountability is the root principle of morality. Outstanding.

[iuwolfmw]

Not a bad answer, but I think this morality goes much deeper. It is immoral because the government is taking without consent. Whether the taking be directly through taxation, or by a loan on the taxpayers behalf, both are immoral.

[dave777blaster]

7,000 Dollars for every single citizen

had that been given to the people there could of been a serious affect to the economy

but they gave it to the crooks.

[bamatommy]

Absolutely correct.

[Jakeblood240]

For sure...not the people though, but the taxpayer. The people who really create jobs...and then go to them.

[Funkmasterizzy]

That is a pretty outstanding answer.