Plunkey

[EnderJE]

What was the cliff notes from today's episode?

 

[mrplunkey]

What was the cliff notes from today's episode?

One of the main messages is that with out of control spending comes inevitable tax increases which essentially send us back to medieval surf model.

Then he looked at sources of out of control spending including state and federal unions.

 

[mrplunkey]

1... what we have isn't libertarianism NOR is it capitalism... is it favored in that direction? YES

2... libertarianism, correct me if I'm wrong, is basically supporting free trade? Free trade is basically capitalism correct?

Libertarian is (to me):

1) Extreme political conservatism -- limiting the power and reach of government in almost every aspect. Most libertarians object to anything beyond protecting our borders and maintaining order in the streets.

2) Extreme fiscal conservatism -- minimize taxes, spending and government intervention in private enterprise.

3) No social conservatism -- this is what throws people about Libertarians. Many (if not most) support the legalization of drugs, abortions and many other issues social conservatives oppose. Even a deeply religious Libertarian wouldn't want to see their views mandated or even subsidized by other people.

 

[needtogetarmy]

Libertarian is (to me):

1) Extreme political conservatism -- limiting the power and reach of government in almost every aspect. Most libertarians object to anything beyond protecting our borders and maintaining order in the streets.

2) Extreme fiscal conservatism -- minimize taxes, spending and government intervention in private enterprise.

3) No social conservatism -- this is what throws people about Libertarians. Many (if not most) support the legalization of drugs, abortions and many other issues social conservatives oppose. Even a deeply religious Libertarian wouldn't want to see their views mandated or even subsidized by other people.

Very good insight on libertarians. #3 has caught me the wrath of many Republicans. Especially when it comes to my views on gay marriage (it is a state issue) and abortion (I am pro-abortion and pro-choice). Republicans love small government and no government intrusion...except when it comes to a few core issues like gay marriage and abortion. Then they want the government to take control (as long as it conforms to their ideology).

I do have issues with libertarians and their views relating to the role of the government. This latest meltdown is the perfect example of when the government must intervene. I supported a bailout (I must say not THE bailout Obama passed). Libertarians need to recognize that the government is a part of the economy, not an exogenous force that only messes things up.

I am a man without a political party.

 

[mrplunkey]

Very good insight on libertarians. #3 has caught me the wrath of many Republicans. Especially when it comes to my views on gay marriage (it is a state issue) and abortion (I am pro-abortion and pro-choice). Republicans love small government and no government intrusion...except when it comes to a few core issues like gay marriage and abortion. Then they want the government to take control (as long as it conforms to their ideology).

I do have issues with libertarians and their views relating to the role of the government. This latest meltdown is the perfect example of when the government must intervene. I supported a bailout (I must say not THE bailout Obama passed). Libertarians need to recognize that the government is a part of the economy, not an exogenous force that only messes things up.

I am a man without a political party.

I'd push those social issues to the state level as well. I'm pro-choice, but still want a little bit of sanity added to our existing system (i.e. 13 year old girls dating 22 year old guys getting abortions without parental notification).

I was anti-bailout. If the government absolutely had to intervene, they still should have done it via a structured bankruptcy. That would have allowed all these contracts to be negotiated by bankruptcy judges. For example, why should AIG pay-out 100% of its contracted insurance value? If Goldman was a part of this crisis, let them take $0.80 on the dollar instead. That would clean-up the bonus messes too, as those contracts would be subject to renegotiation.

In general, I don't believe the government should be completely out of businesses' affairs, but they should only enter under the most compelling circumstances. For example, the government in the mortgage business should be absolutely forbidden. Now if the government wants to make and enforce anti-collusion laws, that makes more sense.

 

[PICK3]

I'll have to check this show out as long as it doesn't interfere with my American Idol viewing

 

[mrplunkey]

I'll have to check this show out as long as it doesn't interfere with my American Idol viewing

It's ok -- we'll all be watching "Owww My balls" soon enough anyway.

 

[javaguru]

I'll have to check this show out as long as it doesn't interfere with my American Idol viewing

FBN re-runs teh episodes on the weekend.

 

[javaguru]

What was the cliff notes from today's episode?

I posted the episode for you.

 

[EnderJE]

I posted the episode for you.

Thanks!

Now for the cliff notes?