The Ponderosa: Who's responsible for Fannie/Freddie's failure?

Death before Dhimmitude

Energy Independence

Above this race of men stands an immense and tutelary power, which takes upon itself alone to secure their gratifications and to watch over their fate. That power is absolute, minute, regular, provident, and mild. It would be like the authority of a parent if, like that authority, its object was to prepare men for manhood; but it seeks, on the contrary, to keep them in perpetual childhood: it is well content that the people should rejoice, provided they think of nothing but rejoicing. For their happiness such a government willingly labors, but it chooses to be the sole agent and the only arbiter of that happiness; it provides for their security, foresees and supplies their necessities, facilitates their pleasures, manages their principal concerns, directs their industry, regulates the descent of property, and subdivides their inheritances: what remains, but to spare them all the care of thinking and all the trouble of living?

--Alexis de Tocqueville, Democracy in America

Monday, September 29, 2008

Who's responsible for Fannie/Freddie's failure?

Ahhhhh!

So it was deregulation and the Bush tax cuts that caused the current crisis, at least according to the flaccid friend of unrepentant domestic terrorists!

Certainly, the attempt to enable DEADBEATS to buy homes they could not afford had no hand in this debacle.

Were there truly an independent media, this video would be headline news.

Expect Franklin Raines to be named Secretary of the Treasury in 2009.

This failed "bailout" bill would have put our "economic security" in his incompetent hands.

Thank you House Republicans for resisting today's attempt to nationalize a huge portion of the American economy.

Too little, too late we fear.

The Ponderosa

Monday, September 29, 2008

Who's responsible for Fannie/Freddie's failure?

Available from The Virginia City Trading Post . . .

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