Government Interference & the Future

It's interesting to note how Democrat agendas are many reasons why economy isn't as strong as it usually is; however Bush gets the blame. It's simply government intervention. Let's look at the Community Reinvesment Act implemented (by Democrats) in the 70's and a different version in the 1990's. These acts reinforced how more minorities (blacks & hispanics) must be given loans regardless of their credit situations; this was done due to the injustices the government laid upon them (racial redlining in the 50's). The government stated that if banks don't lend to a certain quota, then the banks would suffer. Thus, subprime loans were created. Now add in the fact that Greenspan had interest rates low, people participated in more mortgage fraud than ever before. Then, these I-banks invested heavily in these subprime loans (MBS-mortgage backed securities), this whole thing exploded last year. Yea, Greenspan had low interest rates as well, and he can be blamed for that; however, if this act wasn't there, would there be this problem? Nope.

Let's look at another problem we have in our society: oil. 4.19 in my town. There are a bunch of environmental nuts who constantly file lawsuits whenever oil companies want to drill and refine oil on American land. We don't have to depend on these oil sheikhs, but these liberal nut jobs are preventing this crap from going. It gets even better. Hilary wants to "fight the oil companies." How? She proposes lawsuits against OPEC and introducing a windfall tax. Fighting them will simply raise the prices (OPEC won't do shit, and windfall taxes will simply raise prices). Barack wants to raise the corporate tax rate, and wants to raise taxes on oil prices. What does this mean? Less investment by the oil companies, less supply, and higher prices.

People don't seem to realize that Indians and & Chinese peeps are throwing their bikes, and using their auto rikshaws & Tata cars more than ever. More demand=higher prices. Simple as that.

Yea, we can add Bush's excessive spending that has led to a deficit, which has weakened the dollar.

I wonder how long it takes the public to catch on to this. Dems will screw it up, and next thing you know, the Republicans will be back.