Saturday, August 8, 2009

Who Should Be Talking??

Mr. President

I am curious who you think it is that started this mess? Was it these fine citizens that are attending protests? Are they the ones that started this mess?

Are you aware that many of us beleive it is the progressives elites who "started this mess"? Both sides of the aisle. Not just progressive Democrats, but progressive Republicans too.

Are you listening to ranking congressional representatives like Chairman of the Financial Services Committee Barney Frank, who said in 2003 ''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.'' , Even though he headed up the subcommittee that blocked the reforms, which were proposed by the Bush administration. He didn't even let it move to the House from his subcommittee. He denies any involvement today, and tries to tell us that he wanted a program that lowered the cost of RENT for the poor. In 2005, he can be seen in the following video denying there would be a bubble, and that he championed government programs that did not produce cheaper rent for the poor, but home ownership for the poor through Fannie Mae and Freddie Mac.

I would agree, housing is certainly more "affordable" now, isn't it?

Are you listening to Ben Bernanke?

Perhaps you should stop listening to him then.
Are you listening to Ron Paul? Listen to what he had to say during the GOP debates, BEFORE anyone but the true capitalists knew the crisis was coming.

Are you listening to Peter Schiff?

How about Jim Rogers?

While your economists are speaking about "green shoots", ask them about the real estate problems coming in the next two years.

Your team is actively raising all of our taxes, and have been since you took office. The act of printing money to pay for government programs is the same as a tax hike. It devalues the currency and our money is worth less than it was before the printing took place. It is a deceit. This has the same net effect as raising everyone's taxes, across the board. It affects the poor most of all. In the meantime, that printed money is spent by government the same way that money taken by taxation is spent. After it is spent, we cannot get it back.

I invite you to study the Parable of the Broken Window sometime. It's a nice short explanation of why current economic policy, as well as President Bush's economic policy is destined for failure. I am not a progressive, so I do not subscribe to the belief that we should fix every thing that government broke with more government. Many of us think that for the first time since the late 19th and early 20th century, we should move towards a real free market approach. The central planners have had their run, and after one depression, a few recessions, and now one deep recession, it is time for the central planners to step aside.

Sir, what we would like more than anything is for a government that represents freedom and liberty for it's citizens across the board. This is not what we are getting, so forgive us for speaking out. I do expect the people to be heard, and in fact, I am hoping you do to. I also hope you be true to your word and you will no longer take advice from the people that caused this mess. So far that is EXACTLY who you have been listening to.

But even though I disagree with the people that may have caused this mess, I do want to hear what they have to say. I want to have everyone's voice heard. Shouldn't you?


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