The old New Deal

That’s when FDR used the depression as an excuse to grow the federal government, take over unconstitutional powers, and, with the opposition afraid to question his motives because of the bad economy, violate the very tenets of democracy. Ironically, FDR and the New Deal steamrollers prolonged the depression by meddling with the economy rather than merely letting the natural laws of economics correct the situation. The liberals see this as an opportunity to force the country further into socialism, create an even larger dependent class, and give them permanent control of the country. The good old boy network that we call congress is more preoccupied with shifting blame for the economic chaos from themselves onto whomever or whatever is handy than resolving the problems. We still have not seen an investigation or hearings on the cause of the financial tribulations and stock market plunge. The Democrat politicians, like Chris Dodd and Barney Frank, who caused the collapse are now the most vocal complainers and finger-pointers, and all Liberals are dancing around the issue as only liberals can do. A fellow blogger, for example, wrote that, “We know that investment in high risk complex financial instruments created the financial meltdown.” How is that for a glib, gloss-over of the facts? Vague enough to sound plausible, but means absolutely nothing. Facts: a few years ago, Democrats pushed through the Community Re-investment Act, which required banks and lending institutions to grant sub-prime home loans to under-qualified borrowers. They cowed Republican opposition accusing them of being against minorities and the poor. Over the years, Democrats and the Congressional Black Caucus defended these bad loans, protected Fanny and Freddie who were making them and blocked attempts by President Bush, John McCain and others to investigate the bad loans. The entire scheme came crashing down, taking with it banks and investors when thousands of loans began defaulting.