Much of the problem comes down to US government 'anti-redlining' legislation, which forced institutions to lend to people in parts of town where the local property market was bad collateral. Lenders knew they'd have to comply or face regulator's retribution. Unfortunately they also meant a lot of 'sub-prime' debts on the institutions' books.
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-- James Madison (speech in the House of Representatives, 10 January 1794)
Wednesday, September 24, 2008
Government hangover
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Labels: Congress, economics, Free Markets, politics, The Senate
Tuesday, September 16, 2008
Pelosi: Dems bear no responsibility for economic crisis
So, you already have a partial grip on the economy, you want more, but it's not your fault when things go a bit south. When Obama gets elected and they ram through socialized medicine I bet they will be innocent when people are waiting in lines for simple tests and annual check-ups. Wake-up America!
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6:49 PM
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Labels: communism, Congress, economics, Free Markets, Government waste, History, Obama, politics, The Senate, Truth, Tyranny
Tuesday, August 12, 2008
Most companies in US avoid federal income taxes
I just think it is a scam that people fall for this class-envy/shell-game stuff that politicians put in their heads. The fact of the matter is that ALL companies will always pass along the costs of doing business to their consumer. No matter if the expense is the cost of materials, or taxes, the consumer always absorbs the expense.
The other thing that occurs here is that a politician may claim that they are sticking it to the Big Bad Corporation out of one side of their mouth, but then they will give the company some loophole in the tax code while you are not looking, all the while convincing the unread voter that they are being protected by the great and powerful politician, and then they get large campaign contributions from the very same company.
There are a myriad of other scams that the politicians pull on us, but the single solution is to adhere to the limits in The Constitution and shrink The Goverment down to a size that doesn't allow for so much power in so few hands.
A Limited Federal Goverment baby!! Works every time.
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Wednesday, June 18, 2008
Communism or Commerce: The Debate Drones on...
This is really good, The Senate is talking out of both sides of their mouth, as usual. Any common sense person can see the hypocracy here. Boy I sure hope Obama gets in there because he represents change!!
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