Comments on: Uncle Jay Explains: April 13, 2009 http://unclejayexplains.com/2009/04/12/uncle-jay-explains-april-13-2009/ Helping Small Minds Understand Big News! Mon, 23 Apr 2012 23:30:48 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: Uncle Jay Explains The News | Full Circle Thinker http://unclejayexplains.com/2009/04/12/uncle-jay-explains-april-13-2009/comment-page-2/#comment-3011 Uncle Jay Explains The News | Full Circle Thinker Sun, 13 Jun 2010 05:16:00 +0000 http://unclejayexplains.com/?p=655#comment-3011 [...] http://unclejayexplains.com/2009/04/12/uncle-jay-explains-april-13-2009/ [...] [...] http://unclejayexplains.com/2009/04/12/uncle-jay-explains-april-13-2009/ [...]

]]> By: Little Jimmy http://unclejayexplains.com/2009/04/12/uncle-jay-explains-april-13-2009/comment-page-2/#comment-1699 Little Jimmy Thu, 13 Aug 2009 14:11:12 +0000 http://unclejayexplains.com/?p=655#comment-1699 I love how the Fannie Mae fiasco turns into an attack on the whole capitalist system. What a leap... Most people we consider to be less well off, have a running car, a tv set, and some form of shelter. How many people do you know that don't have a car? or a tv? or a computer? Almost all of our economic failings point back to some sort of gov't intervention. Social Security is how much in the hole? Half of our money goes to education in California and where do we rank? How long do you have to wait in a DMV line? 100 million handed out in cars for clunkers and it's a billion dollar program - 900 million in overhead? We can't even hand out a driver's license efficiently and now we are going to do brain surgeries? Those of you who love socialism so much, move to Cuba or Venezuela and report back, let us know how it's going. Send us an email from your 386 computer it took you 5 years to save up for. I love how the Fannie Mae fiasco turns into an attack on the whole capitalist system. What a leap… Most people we consider to be less well off, have a running car, a tv set, and some form of shelter. How many people do you know that don’t have a car? or a tv? or a computer? Almost all of our economic failings point back to some sort of gov’t intervention. Social Security is how much in the hole? Half of our money goes to education in California and where do we rank? How long do you have to wait in a DMV line? 100 million handed out in cars for clunkers and it’s a billion dollar program – 900 million in overhead? We can’t even hand out a driver’s license efficiently and now we are going to do brain surgeries? Those of you who love socialism so much, move to Cuba or Venezuela and report back, let us know how it’s going. Send us an email from your 386 computer it took you 5 years to save up for.

]]> By: Ella http://unclejayexplains.com/2009/04/12/uncle-jay-explains-april-13-2009/comment-page-2/#comment-1517 Ella Sun, 19 Jul 2009 22:32:47 +0000 http://unclejayexplains.com/?p=655#comment-1517 I always read your amazing website every week, its great fun and got lots of interesting information to take in and lots of interesting articles. I always read your amazing website every week, its great fun and got lots of interesting information to take in and lots of interesting articles.

]]> By: Paul http://unclejayexplains.com/2009/04/12/uncle-jay-explains-april-13-2009/comment-page-1/#comment-1341 Paul Tue, 26 May 2009 17:32:55 +0000 http://unclejayexplains.com/?p=655#comment-1341 There are some very confused people out there. First, FDR was in office a very long time. People didn't just get stupid today. But that's what makes this worse, that people didn't learn from the mistakes of the past. But the snyde comments about all the social welfare programs instituted then and since are correct. Yes, you are right. Get rid of them. None of you are more qualified than me to determine how & where I live, how much I spend and where I spend it, and definitely are NOT allowed to take my money to pay for your issues merely because you are not qualified to make your own intelligent decisions on these issues, and more. There are some very confused people out there. First, FDR was in office a very long time. People didn’t just get stupid today. But that’s what makes this worse, that people didn’t learn from the mistakes of the past.

But the snyde comments about all the social welfare programs instituted then and since are correct. Yes, you are right. Get rid of them. None of you are more qualified than me to determine how & where I live, how much I spend and where I spend it, and definitely are NOT allowed to take my money to pay for your issues merely because you are not qualified to make your own intelligent decisions on these issues, and more.

]]> By: Dennis http://unclejayexplains.com/2009/04/12/uncle-jay-explains-april-13-2009/comment-page-1/#comment-1316 Dennis Fri, 22 May 2009 00:46:05 +0000 http://unclejayexplains.com/?p=655#comment-1316 I'm neither left or right, I work at a small buisness that at one time made a little money but never provided health care. They could not find one employees could afford even with a 30/70 pay. I paid for my own health care which was expensive, but I'm a good American and don't want to go to the emergency room for a doctor visit ( burden my fellow Americans with my problems ). I had a heart attack at age 30, no it wasn't drug induced ( bad genes ). I countinued to pay my insurance until the bill drained all of my recources and some of my parents. My last bill was over 1,200.00 for one month( it took like 6 years to get there ). The insurance companies can not drop you because you have a heart attack but they can raise your premium every month, a set amount until you can't pay. It was a simple choice between food, transportation or medical insurance. During this time congress, learning from other abusers of the system, voted for thier own health care and retirement funds. I was saving for a retirement. I'm sure that most will not care about this problem, because they are healthy ( thank God ), but one day one of their loved ones may be treated this way. By the way I'm not for socialised medicine, just major reforms. I would have paid everything I had left after bills to keep my insurance. If I run for congress will you vote for me? I hear they are giving away free golden papachutes. I’m neither left or right, I work at a small buisness that at one time made a little money but never provided health care. They could not find one employees could afford even with a 30/70 pay. I paid for my own health care which was expensive, but I’m a good American and don’t want to go to the emergency room for a doctor visit ( burden my fellow Americans with my problems ). I had a heart attack at age 30, no it wasn’t drug induced ( bad genes ). I countinued to pay my insurance until the bill drained all of my recources and some of my parents. My last bill was over 1,200.00 for one month( it took like 6 years to get there ). The insurance companies can not drop you because you have a heart attack but they can raise your premium every month, a set amount until you can’t pay. It was a simple choice between food, transportation or medical insurance. During this time congress, learning from other abusers of the system, voted for thier own health care and retirement funds. I was saving for a retirement. I’m sure that most will not care about this problem, because they are healthy ( thank God ), but one day one of their loved ones may be treated this way. By the way I’m not for socialised medicine, just major reforms. I would have paid everything I had left after bills to keep my insurance. If I run for congress will you vote for me? I hear they are giving away free golden papachutes.

]]> By: David Wall http://unclejayexplains.com/2009/04/12/uncle-jay-explains-april-13-2009/comment-page-1/#comment-1270 David Wall Sat, 09 May 2009 23:37:43 +0000 http://unclejayexplains.com/?p=655#comment-1270 Why is that you cannot give a true explanation of what socialism is, its strengths and weaknesses. You come across as very one sided and this is a terrible example to set for the children. Why is that you cannot give a true explanation of what socialism is, its strengths and weaknesses. You come across as very one sided and this is a terrible example to set for the children.

]]> By: PJ http://unclejayexplains.com/2009/04/12/uncle-jay-explains-april-13-2009/comment-page-1/#comment-1216 PJ Thu, 23 Apr 2009 17:57:01 +0000 http://unclejayexplains.com/?p=655#comment-1216 Love ya, UJ! But it seems like some of the class is quibbling about the cause of the economic meltdown. Some say our capitalist system is to blame; others are saying socialism is the true culprit. It's really a combination of BOTH. It worked like this: Back after the Great Depression, the government realized that the financial industry had been engaging in certain behaviors that caused the crash. So they implemented certain laws to prevent this from happening again. In the 1990s, President Clinton and members of Congress, urged on by lobbyists from the financial industry who saw the potential for making lots of money, repealed these laws. Everyone said this was a good thing that would create a new age of prosperity for the nation. It did, for awhile. But when regulations on the financial industry were removed, people began doing the same kind of "bad" business things again, so that by 2008 banks and other financial institutions were failing just like in 1929. Lawmakers all said they were shocked. Even Alan Greenspan said he didn't see this coming. Greenspan believed capitalism did not need to be regulated because people would always make decisions to protect their companies and shareholders first. He did not believe that CEO's would destroy a company in order to enrich themselves, even though it had already happened once before. Surprise! Capitalism did not cause the financial collapse; UNREGULATED CAPITALISM did. Capitalism must be regulated to prevent the few from benefiting at the expense of the many. People will always do this if given the chance; it's just the way we are. As for Freddie and Fannie, these social programs did not cause the collapse by themselves, either. Under these programs, banks were required by law to make a certain PERCENTAGE of risky loans to the underprivileged. This percentage was a small part of industry loans. But once banks discovered they could make lots of money by bundling risky loans and selling them off to investors, they began making MILLIONS of them. Freddie and Fannie were not intended for this purpose, but people in the industry were so happy to be getting rich that they didn't care. So a socialist program was taken over by capitalists and exploited, which was easy to do because the people who were supposed to be making sure this didn't happen (the SEC) didn't care either. It appears that lack of rules and regulations caused our economic collapse. This, boys and girls, is called LAISSEZ-FAIRE capitalism. Many people still believe this is the way we should run our country, even though it has a long history of causing these kinds of problems. Maybe Uncle Jay can do a segment on this. I'm sure he can explain it better! Love ya, UJ! But it seems like some of the class is quibbling about the cause of the economic meltdown. Some say our capitalist system is to blame; others are saying socialism is the true culprit. It’s really a combination of BOTH. It worked like this:

Back after the Great Depression, the government realized that the financial industry had been engaging in certain behaviors that caused the crash. So they implemented certain laws to prevent this from happening again. In the 1990s, President Clinton and members of Congress, urged on by lobbyists from the financial industry who saw the potential for making lots of money, repealed these laws. Everyone said this was a good thing that would create a new age of prosperity for the nation. It did, for awhile. But when regulations on the financial industry were removed, people began doing the same kind of “bad” business things again, so that by 2008 banks and other financial institutions were failing just like in 1929.

Lawmakers all said they were shocked. Even Alan Greenspan said he didn’t see this coming. Greenspan believed capitalism did not need to be regulated because people would always make decisions to protect their companies and shareholders first. He did not believe that CEO’s would destroy a company in order to enrich themselves, even though it had already happened once before. Surprise!

Capitalism did not cause the financial collapse; UNREGULATED CAPITALISM did. Capitalism must be regulated to prevent the few from benefiting at the expense of the many. People will always do this if given the chance; it’s just the way we are.

As for Freddie and Fannie, these social programs did not cause the collapse by themselves, either. Under these programs, banks were required by law to make a certain PERCENTAGE of risky loans to the underprivileged. This percentage was a small part of industry loans. But once banks discovered they could make lots of money by bundling risky loans and selling them off to investors, they began making MILLIONS of them. Freddie and Fannie were not intended for this purpose, but people in the industry were so happy to be getting rich that they didn’t care. So a socialist program was taken over by capitalists and exploited, which was easy to do because the people who were supposed to be making sure this didn’t happen (the SEC) didn’t care either.

It appears that lack of rules and regulations caused our economic collapse. This, boys and girls, is called LAISSEZ-FAIRE capitalism. Many people still believe this is the way we should run our country, even though it has a long history of causing these kinds of problems.

Maybe Uncle Jay can do a segment on this. I’m sure he can explain it better!

]]> By: Bud http://unclejayexplains.com/2009/04/12/uncle-jay-explains-april-13-2009/comment-page-1/#comment-1210 Bud Tue, 21 Apr 2009 16:16:39 +0000 http://unclejayexplains.com/?p=655#comment-1210 Always love your exceprts of the news. You probably saw this piece, but it would have been great to use in your Socialism piece from 4/13. http://www.youtube.com/watch?v=PVX6aGHt7yM Anyway, keep up the great work! Bud Always love your exceprts of the news.
You probably saw this piece, but it would have been great to use in your Socialism piece from 4/13.

http://www.youtube.com/watch?v=PVX6aGHt7yM

Anyway, keep up the great work!
Bud

]]> By: Phil G http://unclejayexplains.com/2009/04/12/uncle-jay-explains-april-13-2009/comment-page-1/#comment-1205 Phil G Mon, 20 Apr 2009 19:23:18 +0000 http://unclejayexplains.com/?p=655#comment-1205 I would agree, Uncle Jay, that it is important to learn more about socialism and the effects of government ownership. It is even more important to study our founding fathers and why they believed that private ownership was so fundamentally important. Part of private enterprise is the freedom to fail. Please don't blame free market capitalism for the banking mess. How would you act if you went to Vegas and someone told you that you could keep your earnings but they would cover your loses. Let it ride! With institutions like Fannie Mae guaranteed by the government not to fail, banks were playing with house money - and we get to pay for it. Both companies and individuals need to have the freedom to benefit from good decisions and learn from bad ones - failing if necessary. Unfortunately we have not had a true free market in a long time. I would agree, Uncle Jay, that it is important to learn more about socialism and the effects of government ownership. It is even more important to study our founding fathers and why they believed that private ownership was so fundamentally important. Part of private enterprise is the freedom to fail. Please don’t blame free market capitalism for the banking mess. How would you act if you went to Vegas and someone told you that you could keep your earnings but they would cover your loses. Let it ride! With institutions like Fannie Mae guaranteed by the government not to fail, banks were playing with house money – and we get to pay for it. Both companies and individuals need to have the freedom to benefit from good decisions and learn from bad ones – failing if necessary. Unfortunately we have not had a true free market in a long time.

]]> By: James "Red State" Parker http://unclejayexplains.com/2009/04/12/uncle-jay-explains-april-13-2009/comment-page-1/#comment-1176 James "Red State" Parker Sat, 18 Apr 2009 00:21:01 +0000 http://unclejayexplains.com/?p=655#comment-1176 Sorry Uncle Jay, like James "Red State" Casteel said this one was too leftist for me. Clarification: we don't have "capitalism in America" anymore...ever since America embraced "socialized" health care, redistribution of wealth, gov-owned banks, government bailouts, and government involvement in EVERYTHING including the BCS games we started down the "road to serfdom." And yes, you're right, Karl Marx wasn't the father of Socialism...he was the father of something much worse...Communism. Yea, that's the regime responsible for the death of at least 100 million people! I love your show, but when it comes to socialism...when we as conservatives say socialism we mean socialism (especially when describing our current government). Sorry Uncle Jay, like James “Red State” Casteel said this one was too leftist for me. Clarification: we don’t have “capitalism in America” anymore…ever since America embraced “socialized” health care, redistribution of wealth, gov-owned banks, government bailouts, and government involvement in EVERYTHING including the BCS games we started down the “road to serfdom.” And yes, you’re right, Karl Marx wasn’t the father of Socialism…he was the father of something much worse…Communism. Yea, that’s the regime responsible for the death of at least 100 million people! I love your show, but when it comes to socialism…when we as conservatives say socialism we mean socialism (especially when describing our current government).

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