tag:blogger.com,1999:blog-16604508.post2412825721298727792..comments2024-01-24T04:35:14.007-04:00Comments on The Canadian Sentinel: Left Is Religion, Needs To Separate From PoliticsCanadian Sentinelhttp://www.blogger.com/profile/04255833874079591126noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-16604508.post-61159890483440677062010-01-04T23:11:54.350-04:002010-01-04T23:11:54.350-04:00“After all, it was the dogma of "social justi...“After all, it was the dogma of "social justice" that caused the recent global recession, ie. the Democrats' policy of forcing lending institutions to lend huge amounts of money to people who couldn't afford to repay the loans. Eventually the defaults caused the credit crisis, the downfall of many banks, the global recession, and all that crap. It's all the Left's fault, and the fault of supposed Rightists (Bush) who succumbed to some of the same seductive temptations as have hardcore Leftists, and failed to halt the growing problem before it became a catastrophe.”<br /><br /><br />People took the loans because they thought, stupidly, that housing prices always go up and interest rates are always low. Financial institutions made shitty loans because they were basically working with the same crappy assumptions. The financial institutions compounded the bad-loan problem by wrapping shitty mortgages with a bow and pawning them off as reliable investments. And ratings agencies went along with all this. As did insurance companies. Why? Because everyone was making huge piles of cash on this scam. To think that the financial sector was forced to engage in bad lending practices because some politician told them to is laughable. You live in a fantasy world. It’s fascinating in a train-wreck type of way, though. <br /><br />naAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-16604508.post-80190783686421471322010-01-04T16:17:52.718-04:002010-01-04T16:17:52.718-04:00Storm's over where I am. Mild, sunny day today...Storm's over where I am. Mild, sunny day today. Big puddles, though.Canadian Sentinelhttps://www.blogger.com/profile/04255833874079591126noreply@blogger.comtag:blogger.com,1999:blog-16604508.post-77900842867144477592010-01-04T11:39:19.281-04:002010-01-04T11:39:19.281-04:00Does this ever clear things up in a big way. I was...Does this ever clear things up in a big way. I was never sure how and why people of faith were able to believe in the policies of the left/Liberal persuasion, but this seems to have turned the lights on for me. <br />Thanks for the information! <br />Great site!<br />How's the storm?glaciermanhttps://www.blogger.com/profile/01833667734407614735noreply@blogger.com