Skip to comments.Congressional Democrats Bankrupted the Nation
Posted on 01/28/2009 9:56:40 AM PST by PlainOleAmerican
Even though the US congress has been mucking up the banking industry since 1916, few Americans are familiar with GSEs, (Government Sponsored Enterprises). As a result, the people have hired the same people who destroyed the US economy to begin with, to fix the US economy. Those people are now attempting to save the nation from complete economic collapse via the same failed economic policies that caused the crisis History repeats for benefit of those who have not yet learned the lesson
Although the US Constitution affords the federal government no such power whatsoever to engage taxpayer revenue in banking or any other economic enterprise, Congress has been recklessly meddling in private enterprise for almost one hundred years now, with a devastating track record of unparalleled failure.
The 2008-2009 collapse of the US banking system is not the result of failed free market mechanics, but rather a clear demonstration of just how unqualified the federal government is to regulate industry and private enterprise. It is not the result of the last eight years, but rather the last eighty years or more It was not an accident, but instead a natural end to a bad idea.
(Excerpt) Read more at canadafreepress.com ...
By far the best historical account of how America spent almost a hundred years going broke via congressional democrats, ever written!
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