We are facing the greatest economic problems since the great depression right now.
With Lehman now in chapter 11 and Merril trying to sell itself to B OF A, and
the bank Washington mutual ready to crumble along with AIG.
I was just watching CNN and Palin was saying that the financial heads were
irresponsible in running their companies and the markets and there will be changes.
WOW, she just admitted that capitalism cannot be trusted to be responsible
and needs the government to watch over them. Free markets are a failure
according the GOP Vice presidential candidate. Even the GOP is repudiating
the free market. This is astonishing. How can people like IMP defend the free market
system when even the standard barer of free markets have abandon the free markets.
Now those defenders of the free market will blame Clinton or socialism, but the fact of the matter
is, that the current market failures are direct result of failed GOP policies over the last 8 years.
The free market is a failure and free market policies are a failure. Tax cuts are a failure.
You cannot argue with the results of the last 8 years culminating in this last year of
housing markets failure and financial companies failing. Turn on the news if you doubt it.
The change that is needed is not more of bush policies in the form of McCain.
I can’t imagine any advocate of “free market” economies being overjoyed at the current market trends.
It is a sad ploy of those that despise freedom, to point to a failing market today, and then blame “free market” economics.
As Ron Paul argued in one of his past articles…even Nixon understood that we are no longer operating in a “free market” but rather stated something along the lines of: “We’re all Keynesians now.”
The second largest political contributions by FM & FM were to Obama.
Now how did all this come about? Leftist pressure to promote mortgages to those who couldn’t afford them.
There is no need for more regulation, there is a need for accountability. String up the CEO’s of FM & FM like they did Ken Lay at Enron (and justly so, I might add.) Here we are with that ****** ** *** ** *** ** ***** double standard again.
