*jaw drop*
Sep. 24th, 2009 01:07 amSarah Palin on what caused the financial crisis:
Now, I know expecting realism from the woman is, well, unrealistic, but really: the financial crisis happened because the government forced the lenders to give loans to the wrong people? This is a new one on me. I have always had the impression that lenders were falling all over themselves to give loans to practically anybody they could talk into taking a house, and whether the buyers could actually afford it was the least of their worries. Silly me.
Excerpts from the speech here. Other bits that caught my eye:
"You can call me a common-sense conservative."
"If you want real job growth, you cut taxes!" (Oh yeah, cause that's worked so well in the past.)
"...we are going to survive, and we’re going to thrive and expand and roar back to life. And as the world sees this, the world will be a healthier, more secure, safer and more prosperous place when this happens."
"I seem to have acquired notoriety in national debate."
(On China) "I’m not talking about a U.S.-led democracy crusade. [We’re] not going to impose our values on other countries. We don’t seek to do that. But the ideas of freedom and liberty and respect for human rights, it’s not just a U.S. idea. They’re very much more than that. They’re enshrined in the Universal Declaration of Human Rights and many other international covenants and treaties." (Among other things, I don't believe for a minute that she knows or cares a damn thing about any Universal Declaration of Human Rights.)
Lack of government wasn’t the problem. Government policies were the problem. The marketplace didn’t fail. It became exactly as common sense would expect it to. The government ordered the loosening of lending standards. The Federal Reserve kept interest rates low. The government forced lending institutions to give loans to people who, as I say, couldn’t afford them. Speculators spotted new investment vehicles, jumped on board and rating agencies underestimated risks.
Now, I know expecting realism from the woman is, well, unrealistic, but really: the financial crisis happened because the government forced the lenders to give loans to the wrong people? This is a new one on me. I have always had the impression that lenders were falling all over themselves to give loans to practically anybody they could talk into taking a house, and whether the buyers could actually afford it was the least of their worries. Silly me.
Excerpts from the speech here. Other bits that caught my eye:
"You can call me a common-sense conservative."
"If you want real job growth, you cut taxes!" (Oh yeah, cause that's worked so well in the past.)
"...we are going to survive, and we’re going to thrive and expand and roar back to life. And as the world sees this, the world will be a healthier, more secure, safer and more prosperous place when this happens."
"I seem to have acquired notoriety in national debate."
(On China) "I’m not talking about a U.S.-led democracy crusade. [We’re] not going to impose our values on other countries. We don’t seek to do that. But the ideas of freedom and liberty and respect for human rights, it’s not just a U.S. idea. They’re very much more than that. They’re enshrined in the Universal Declaration of Human Rights and many other international covenants and treaties." (Among other things, I don't believe for a minute that she knows or cares a damn thing about any Universal Declaration of Human Rights.)