It may be time for a simple quote, penned by a sly observer of politics, H.L Mencken.
“Civilization, in fact, grows more and more maudlin and hysterical; especially under democracy it tends to degenerate into a mere combat of crazes; the whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by an endless series of hobgoblins, most of them imaginary.”
Why waste a lot of ink about what current crisis happens in Washington DC with taxpayer money and unchecked power. The slide is always in the same direction when citizens try and vote themselves and upper hand at their neighbor’s expense.
Congress passed legislation in the 70’s under the Carter Administration (thank you Bill and Jeanne Shaheen for your part in that disaster known a “Jimmy”.) which forced banks to loan mortgage money to people who had little ability to pay it back. Man THAT felt good and moral. I call it Habitat For US Banckruptcy.
Then we had the government sponsored monopolies, Fannie and Freddie, buy up those mortgages until they reached 51% of all mortgages – this is called a tipping point, and now it is “too late” to do anything but nationalize the train wreck. This brilliant move will keep the money we have in the stock market “safe” to owe to “our” US Government. This scheme was a disaster for taxpayers from day one and has worked perfectly for tax and spenders – as long as voters do not smarten up punish those responsible.
Mencken is hardly ever wrong about human nature and government, as in this quote:
‘Democracy is the theory that the common people know what they want and deserve to get it good and hard.”
A pat on the back is in order for some US Senators who tried to stem this fiasco back in 2005 with legislation that unfortunately never saw a vote. Here they are:
US Senators John Sununu, John McCain, Elizabeth Dole, and of all people, Senator Chuck Hagel, worked on several bills to address this affirmative action lending scheme’s problem.
Notice how TV camera-hog Hagel has no time to blame the Democrats he absolutely knows are responsible for this so-called crisis, I would call a well laid out government plan, but is instead making hay out of attacking Governor Palin.
Some things never change.