"It’s especially disconcerting to see the very people who pilloried me during the Presidential campaign for being a “populist” and not “understanding Wall Street” to now line up like thirsty dogs at the Washington, D. C. water dish, otherwise known as Congress, and plead for help." - Gov. Mike Huckabee 9/22/08
What I can't figure out is why only a few people are discussing the origin of these problems. The FHA, Fannie Mae, and other housing federal programs/agencies were started as a part of the New Deal. Combined with elimination of the gold standard, the New Deal is a Raw Deal. The Federal Government has no business underwritting housing purchases.
Think about the process of buying a house. When people sign all those papers on a new home, do they really know what they are doing? Do the mounds of regulation and paperwork actually protect the buyer, or do they make it easier for crooks to get away with their robberies?
McCain/Palin, Obama/Biden and others are complaining about Wall Street. I think they're pointing at the wrong institution. The real problem is the over-bearing complexity of government regulations and their false promise to protect the people.
Wall Street has its problems, but the size of the Federal City is a bigger problem. If McCain and Palin are truly reformers, why are they going after Wall Street instead of Washington? What are your thoughts?
God Save the U.S.A.
U.S. Captiol Detail - Photo by jcolman (flickr)
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