The Cody Word
  • February 19, 2009 01:23 PM EST by Cody Willard

    Who Can Tell the Difference Between A Republican and Democrat or Left and Right?

    I gotta ask - How the heck can you tell the difference between "Republican" and "Democrat" or "Liberal" and "Conservative" or "Left" and "Right" any more?

    Which ones say they are for Social Security and Medicaid and Medicare for and targeted help for the elderly, poor while pushing for and then passing legislation after law after bill after package that actually just give welfare to the people who were rich enough but stupid enough to buy things like Citigroup stock or bonds or are now in the ownership class in this country because they own real estate and borrowed heavily against their so-called equity from banks who were rich enough but stupid enough to leverage up lending people who were rich enough and stupid enough or dishonest enough to borrow money using real estate as an asset.

    I mean seriously, the Republicans act like they’re for things like free-markets and capitalism and individualism while giving trillions — TRILLIONS — of dollars in free welfare, welfare loans and welfare guarantees (most guarantees of which, if history is any lesson of course, will become out and out losses) to corporations and creating new Medicare and Medicaid programs. While the Democrats act like they’re for things like helping poor people and fighting big business while giving trillions – TRILLIONS – of dollars in free welfare, welfare loans and welfare guarantees (most guarantees of which, if history is any lesson of course, will become out and out losses) to corporations and creating new Medicare and Medicaid programs.

    Guys, doesn't it figure that the markets won't stabilize -- neither stocks nor real estate nor the credit crisis and on an on -- until the government stops politicizing marketplaces that were profit-driven marketplaces? 70 years of below market funneling of capital through tax breaks for those rich enough to use them to buy real estate of any sort wasn't enough of a bubble? Now the Republicans and Democrats and the Left and the Right and the Liberals and Conservatives are all fighting over the details over just many hundreds of billions in direct welfare benefits and targeted tax tricks for the corporate and white collar people who are most well-connected and for the shareholders and bondholders of the banks and also want to out and out provide welfare to those who were rich enough but stupid enough to borrow more than they could easily afford to payback in the name of "stablizing" real estate?

    Both sides say they want to create new policies and laws and regulations to make housing affordable using new targeted tax tricks and welfare for those rich enough to risk money on real estate right now. Wouldn't housing, by definition, be more affordable if we let prices fall so the average American who's been renting and saving can step in and buy some of that real estate that those people who used to be rich enough to risk their money on real estate during the bubble are selling?

    Which way is up around here, much less which way is left and which one's right.

    I am completely frank and sincere when I tell you that I can not at all tell any difference between a Republican and Democrat except that each party has (some) different cronies.

    I mean seriously, after the last 20 years of the Republican/Democrat Socialist Regime being on a power-hungry, wealth confiscatory overdrive, can you tell the difference?

    Ann Coulter's on Happy Hour tonight and she's gonna get one question from me, I figure: How the heck can you tell the difference between "Republican" and "Democrat" or "Liberal" and "Conservative" or "Left" and "Right" any more?

    Mort Zuckerman is our guest for the markets discussion at the top of the show and will join me and Eric Bolling for Quick Shots too.

    PS. I was on Judge Napolitano's new FoxNews.com/StrategyRoom "Freedom Watch" TV show yesterday (it's every Wednesday at noon EST) with Ron Paul, Peter Schiff and others. You can see the whole show on YouTube here:

    http://www.youtube.com/watch?v=Pw7U8JS1a4A


    Facebook me at http://www.facebook.com/profile.php?id=763890180
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b hyslop

Cody, I am not schooled in economics, however, I see this worldwide "recession" as a devaluing of the western economies to bring us in line with the new up and coming economies of china and india......and others. Eventually the outcome will be a worldwide economic system that will be put in place with a new monetary system that will work everywhere. First the western people have to be earning alot less and soon we will be. Real estate has to be devalued in order to match the incomes that companies will be offering the people for work. We all know that when there are no jobs. people will work for whatever to put food on the table for their kids. I don't know, Basic High School Economics 101

February 23, 2009 at 3:29 pm

aaron

Republican and Democrat and Criminal are now synonyms

February 23, 2009 at 12:09 pm

jpzzzzz

we have a uniparty system and have for a very long time

February 23, 2009 at 2:39 am

JONATHAN DRYE

RICK SANTELLI FOR PRESIDENT!

February 21, 2009 at 6:36 am

Scotty

Hey Cody, Good thing TARP wasn't around in 1997 or 2000, pre Ipod, wouldn't have been able to stick it out with Apple. How many times could you have justified nationalization of that company since it's inception? Long live the Apple IIe. At least they were afforded the opportunity to get healthy. You wouldn't have your proud trophy. You say all banks are insolvent. But you guys tell people to buy LVLT. Maybe for lawsuits, but not because of their financial position. Happy Hour buys from Eric Citi, wow. Recently, QLD, oh brother.

February 20, 2009 at 6:21 pm

about this blog

  • Cody Willard is an anchor on the FOX Business Network. Willard is also the principal of an investment management company. He was a long-time featured columnist for the Financial Times and TheStreet.com as well as a regular featured economist and stock picker on CNBC's ''Kudlow & Company."

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