FedGov interference in the free market always has undesirable consequences. The mother of all financial disasters (well, before this one) is the Great Depression caused by FedGov by means of Smoot-Hawley. The collapse of Fannie Mae and Freddie Mac have triggered a much wider financial crisis. As I pointed out previously, the housing collapse was brought […]
Posts under ‘Government’
The Race Card
As I wrote on September 13th, for many people, this presidential election is more about race than politics. This morning I was watching the news and the Big Question was: Why isn’t Obama way ahead of McCain in the polls? The statement was made: If Obama were white, he’d be way ahead of McCain in […]
It Will Make History
What will happen if people reject Obama’s socialist politics? What if people don’t vote for him because they judge him too inexperienced? What if voters deem him too radical because of his long association with Reverend Wright? What will happen if Barack Obama is not America’s First Black President?
The Housing Market Collapse
The collapse of the housing market was inevitable and no surprise to those of us who were paying attention. It has its seeds in government intervention in the free market (as do most financial crises). In the Clinton years, government eager beavers discovered that people who could not afford homes could not get home loans. This, they […]
On Socialism
Socialism says that some people must sacrifice so that others may benefit. This is the same theory behind throwing a virgin into the volcano or cutting the still-beating heart from someone’s chest to appease the Gods. Some people benefit, some have to pay.