Over-regulation of the economy kills it. Keep it as free as possible, and you will see it become stronger.

You are right. I was aiming this at the people that claim that Freddie and Fanny are an example of why the government is needed. My point is that, at the same time that the government is needed to avert crisis, it is also their fault that this crisis is possible.

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"Giving money and power to government is like giving whiskey and car keys to teenage boys." - P.J. O'Rourke

"Peace, commerce and honest friendship with all nations; entangling alliances with none." – Thomas Jefferson

"Some can be happy under socialism, but under socialism, none can prosper." - Me


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I don't.

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"The greatest epochs of our life come when we gain the courage to rechristen our evils as what is best in us." -Nietzsche

In fact, the great depression was caused by the politically motivated attempt to stave off a recession in Great Britain soon after the Fed was created.
They succeeded in holding off the recession for a while and caused a depression as a direct result. We still haven't learned.

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"Our liberties we prize and our rights we will maintain"- Iowa state motto
-Proof-hunter

Ventura/ Paul '12

I tend to agree which is why we won't hear McCain or Obama talk about national debt...

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Did you know both our problems and the solutions can be found simply by looking in our mirrors...and...Never confuse the extraordinary stuff I think and write with that of a well-balanced person...

Because if FM and FM were not bailed out there would be economical turmoil around the world.

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Did you know both our problems and the solutions can be found simply by looking in our mirrors...and...Never confuse the extraordinary stuff I think and write with that of a well-balanced person...

Wrong the debt is
407 billion I know it is not good but lets tell the truth.

Uh what?

Source.

Early on the banks only had so much money to loan, so along came the idea that if someone else bought some of those loans and their future income, this would release money back to the banks, thereby giving them more money to loan, thereby allowing more people to buy homes. It was hoped at the time that those buying these loans would be the private sector, but this did not happen. So eventually the government got involved and created the $5 trillion gorilla we have today.

We seem as a culture in the USA to lack patience...we want most everything now even when we cannot afford it. Therefore we create all sorts of mechanisms to resolve our lack of patience; no interest down, no payments for six months, ARM loans, no document loans, government intervention loans and backing, etc. etc. etc. From this we feed our gluttonous consumption of everything, but it seems to me this type of system is mostly built upon smoke and mirrors...

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Did you know both our problems and the solutions can be found simply by looking in our mirrors...and...Never confuse the extraordinary stuff I think and write with that of a well-balanced person...

Teeko...the $407 billion is DEFICIT which will be added or accumulated each year and is called DEBT.

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Did you know both our problems and the solutions can be found simply by looking in our mirrors...and...Never confuse the extraordinary stuff I think and write with that of a well-balanced person...

Nope...as long as they don't support abortion