Posted by Speaker Pelosi, in her usual style, blames the Republican Party for all that woes America, including the current failure of Fannie Mae/Freddie Mac to uphold sub-prime loans.
The evidence tells a different story, and places top Democrats and Democrat policy right in the middle of this mess. Please take a few moments to see this video which explains what happened.
Lt. Col. Allen West, candidate for Congress (Florida’s 22nd District) issued this press release that further explains why bailing out irresponsibility with the people’s money does not work, is unfair, and opens the door to further irresponsibility.
Thanks for posting LTC West’s press release. I am really confused on this issue. Embarrassed to admit it though, but I failed economics in college. For once I don’t have an answer. But I beleive West is a leader who can pull the country together in such a time of crisis rather than seek easy answers and politcal solutions.
By Phil O on Oct 2, 2008
I know the feeling, economics was a tough course! My feeling is that every time our elected officials say government is going to “fix” the economy, I shudder. Even I know that the government can’t fix the economy successfully, without altering it dramatically (i.e. create socialism). Our economy is based on free market principles. It is absurd to think that the government can “fix” the economy. Every dumb politician on t.v. are repeating the same mantra. When will they learn?
By Raquel on Oct 2, 2008
With the terrible time the people of the United States is having with the economy it is not time to raise taxes. Barack Obama wants to raise taxes on the rich to give to the middle class and poor. This is redistribution. This is also called welfare. So what Obama is doing is handing out a welfare check. Obama’s taxes increases will send jobs over seas and people will loose their jobs. This is not the prescription we need in terrible economic times.
By Lev Brudnoy on Oct 17, 2008
Hey Lev, good points. Thanks for writing!
By Raquel on Oct 17, 2008