Our wonderful government is taking broad powers so that they can avoid another financial disaster. What a joke. The government told us the Freddie Mac and Fannie Mae were in great shape right before they collapsed. Will the geniuses do better next time? It the same stupid geniuses!

The government is broke. In the last year alone they spent over a trillion dollars more than their receivables. The genius at the White House said all this spending would keep the unemployment rate down to about 8%…it’s now around 10% and has been for a while.

The geniuses in Congress were suppose to oversee Fannie Mae and Freddie Mac, two prime sources of problems that led to the melt down in the first place. They created the incentive to loan to people who couldn’t afford homes. The geniuses thought that home ownership was a good wealth building mechanism for us little people, so they used their collective pea brain to subvert the markets and force banks to make bad loans. That didn’t work out so well.

How can Congress talk about financial reform without including these two monsters? Apparently, this only makes sense to the geniuses in Washington.

We must face this as a nation. The people we have been sending to Washington are slick, but they are not smart. They are arrogant,  but they are not smart. They are power hungry, but they are not smart. Smart people would realize that central control has never worked and will never work.

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