Audacity or Stupidity by Dr. T

The lunatics are running the asylum. The economic crisis we face is in large part the fault of...who else...our illustrious Congress. Despite the "Dems" protestations that this administration is the culprit, the advent of the problem can be traced to the Carter and Clinton years. The mortgage debacle has come about primarily because the government required the lending companies to take on lower income borrowers despite the fact that they would not be able to satisfy the loans. But what did it matter? The money was flowing all around, Fannie May and Freddie Mac envoys were spreading the wealth to the likes of Senators Dodd, Obama and Frank. And now these very Senators are heading the committe that will bail out, with our money, these agencies along with many other major financial houses. The Democrats thought they had this outrageous 700 billion dollar bill in the bag when surprise, surprise, the Republicans stepped up to the plate. They are questioning, with good reason, the wisdom of laying this burden solely at the feet of the taxpayers. I only hope that they hold their ground. This financial crisis should be a catalyst for a change in government that is desperately needed. I say this because it has exposed the true agenda of this Congress. Their intent is not to protect the American people as they claim, but rather to federalize the economic sector. This would be flat out socialism and another blow to the fundamentals of a free society. Free markets and capitalism are the bedrocks of a fluid economy. It is clear that we need a plan to get us out of the current economic crisis but accountability must be laid squarely at the feet of those responsible, both inside the government and out.