Originally aired on Friday, October 17, 2008 @ 9pm CST. This broadcast was sourced from an ABC affiliate in Chicago, IL.
Apparently, there were affiliates that refused to carry this one-hour special. If anyone has information about this, please let me know.
Duration : 0:5:36
25 Comments
Where did they get …
Where did they get those money for the 50,000 homes? Money grow on trees? Well, they do print money on paper processed from trees. Look up inflation tax if you have not heard of that term. What do you think government is… who spend without making a dime. What’s better than self-governed? Don’t be surprised with the same amount of money, private charity could have build twice the amount of housing.
The question should …
The question should really be whether that many homes should be rebuilt at all - government, in responding to political expediency will of course say, “We will rebuild everyone’s life just like before!” The private sector, responding to market forces, might say, “Sorry, it doesn’t make sense to rebuild homes in a bowl that’s just going to flood again.” This would promote the efficient reallocation of people and resources away from a flood zone. Over time, this organic process benefits everyone.
The government is …
The government is indeed flawed, however that doesn’t mean that they shouldn’t play a role. If they rebuilt 50,000 homes, do you think if you cut out government, private charity would have rebuilt those 50,000 instead?
Why not rally to make government better, instead of believing that government must be inefficient. Bill Clinton reduced the size of government by making it more efficient, we need a leader that does the same.
Actually, my …
Actually, my argument was about government waste and inefficiency. Even if they rebuilt “enough” houses, it would take 10 times the time and money. Government is inherently unresponsive to the people because it has been allowed to grow far beyond its Constitutional boundaries. We the People elect a grand total of about 550 reps on the federal level but the Feds employ MILLIONS of bureaucrats and thugs who have power over our lives. Still think you can “fix” it by electing the right 550 people?
The 700 billion …
The 700 billion will create a redistribution of wealth, it’s not going to “the people”. Printing money is basically a way to tax people without most of them understanding.
I like how this …
I like how this report comes out. Where was this video when Ron Paul was running for the primary? He was the only politician who would tell the actual truth and didn’t give popcorn promises.
The flaw in the …
The flaw in the argument is this: The government is not building enough houses. Therefore government cannot build enough houses. The implied part of your argument is that government IS NOW doing whatever it is CAPABLE of doing. But that’s nonsense. Government is unresponsive to citizens, but that is a political problem for us to solve. It is not proof that government always stinks.
Uh-huh: three …
Uh-huh: three cranks, two of which are racists–awesome!
Hilary is the same …
Hilary is the same as Obama and McCain. They are advised, sponsored and work for the same people. If you want something real then you need people like Ron Paul, Cynthia McKinney or Ralph Nader. These are the people that can really change the system.
Part 2 is a letdown …
Part 2 is a letdown, pinning the mortgage crisis on first-time borrowers, rather than the buyers and sellers of mortgage-backed securities palmed off as nearly risk-free investments. He’s building a simple-minded case of “the less regulation, the better.” But the KIND of regulation also matters: pro-consumer or pro-bank. Guess which kind we have.
This is not fully …
This is not fully true. Government took down the regulations that protected investors from fraud, which is what the only job of the government. The system does not trust itself because there is no way to see who is committing fraud. The government by interfering with a bailout is going to make the problem many times worse.
Everyone in this …
Everyone in this country needs to watch this! Pass this video to everyone you know. John Stossel, you rock!
no more NWO, vote …
no more NWO, vote for Ralph Nader!
Obama will be the …
Obama will be the death of this country.
8 years of dumbass Bush followed by 8 years of mr know-it-all-but-don’t-know-shit Obama. Our ENEMIES are cheering DUMBASSES! Should’ve picked hilary. Now McCain is best choice.
You believe only 80 …
You believe only 80 houses total have been rebuilt by private groups in N.O.? That was ONE chapter of Habitat for Humanity Stossel was referring to. Nevertheless, lets do the math. I volunteer for Habitat in my city and we are raising $10 million to build (coincidentally) 82 homes. That works out to $122K per home, all costs included. The Feds pledged $60 BILLION to rebuild N.O. Even if they rebuilt 50,000 homes (lol), this translates to $1.2 million per home. Still think govt. works well?
or that the …
or that the government and the FDIC was insuring the bad loans as well, that and fed’s fractional reserve rules that allow banks to only hold 5% of their totally ets in cash. was bad planning and REGULATION that cause this crash.
libertarianism is …
libertarianism is an ideology that used skewed statistics to prove it’s point. Case in point, they talked about celebrities and charities doing a better job thin the government in rebuilding for Katrina after helping to build about EIGHTY or so homes… quickly glancing over the fact that the government is helping to rebuild thousands. It’s pure slant.
He doesn’t blame …
He doesn’t blame government for no reason, he used to be an award-winning consumer advocacy reporter. During his reporting, he came to realize that government causes more problems for consumers than do corrupt corporations. This led him down the path of Libertarianism and Austrian economics, which has accurately predicted over and over that govt. intrusion into the free market rarely achieves its stated goal and always has unintended consequences. How many times will we make the same mistakes?
His name is Walter …
His name is Walter Williams. He’s a very intelligent, well-spoken man, with a firm grasp of sound economics and Constitutional principle.
The central banks …
The central banks artificially low interest rates helped fuel the fire. The banks knew there was a whole lot of cheap money available….might as well use it.
John Stossel is a …
John Stossel is a libertarian that always blames government, he’s just an seemingly unbiased version of Michael Moore, with a purely slanted view.
its people like you …
its people like you that hold our country back. stop thinking in terms of republican and democrat. it doesnt matter. political parties serve the interest of corporations, not the constituents. 3rd parties ftw
Probably the best …
Probably the best and yet most underrated journalists.
I think he might be …
I think he might be the college professor at George Mason that some thought would be a good pick for Ron Paul’s VP. I’m not sure though, anybody know? Yes, definitely would be better than McCain or Obama and I don’t need to know much about the man.
Whos the black man …
Whos the black man johns interviewing?
Id vote for him as President over McCain or Obama.
Seem pretty smart!