We need police, there has to be some way to enforce the laws in this country, in our individual states. I am a law abiding citizen who does not break the law… well maybe a traffic law or two. I should have no reason to hate the police, but I really hate them. I can’t stand them, because of the mentality they possess and the power trip that possesses them. In my experience women cops are the worst. You don’t have to be mean to maintain authority and if you do maybe you shouldn’t be a cop. How do we fix this police power trip? For one, people need to better educate themselves of their rights and police need to have stricter punishments for infringing on them. Better screening of police recruits needs to be in place; some of these people want to be police just to have power over others. Maybe daddy beat them every Wednesday with the garden hose, maybe Uncle George should not have been the one babysitting them, or maybe Big Billy took there lunch money every day. It’s the most powerful job you can get with limited education required. I am tired of hearing the stories of police not following traffic laws, roughing up people, and abusing their power. Here are some of the latest stories.
http://www.cnn.com/video/#/video/us/2008/07/29/dcl.cop.decks.cyclist.cnn
http://www.startribune.com/local/south/24108139.html?page=1&c=y
http://www.youtube.com/results?search_query=police+brutality&search_type=&aq=f
Tuesday, July 29, 2008
Monday, July 28, 2008
Fannie and Freddie
Every time one of these bail outs is delivered I cringe. Why can’t we just leave the market alone? Why are we helping the private sector? Not only does a free market have to rise and fall on its own, but every time the government helps they always want more control.
The sad truth of the matter is this market has not been free for a very long time. Fannie Mae and Freddie Mac are fictitious entities created by the communist (Franklin Delano Roosevelt) that the scared American people let in the White House to rescue capitalism from itself. But is that true, did capitalism cause the great depression, or was it once again government interference? Did FDR rescue capitalism or did his government programs delay its recovery?
There are a lot of different opinions to what caused the great depression, but it seems obvious that the huge unsustainable boom created by trying to help Britain return to the gold standard probably had something to do with it. The Federal Reserve enacting the policies that where exactly opposite of what they should have been doing most likely made the unstoppable recession into a depression (i.e. limiting cash flow and raising interest rates).
"Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again." Ben Bernanke
FDR programs did not turn the economy around WWII did. He took us from the gold standard and money was printed. He created many socialist programs, some so overt they were struck down by The Supreme Court as unconstitutional. In his misguided attempt to turn the economy around in 1938 he created the Federal National Mortgage Association AKA. Fannie Mae.
Fannie Mae was created because private investors were skittish (and rightfully so) on investing in home loans. So FDR created a government ran monopoly; borrowing from foreign investors and buying home loans and creating the secondary home loan market. Lyndon B. Johnson privatized Fannie Mae in order to remove it from the national budget. At this point, Fannie Mae began operating as a GSE, generating profits for stock. In order to prevent any further monopolization of the market, a second GSE known as Freddie Mac was created in 1970. Currently, Fannie Mae and Freddie Mac control about 90 percent of the nation's secondary mortgage market.
Should the government bail private business out? I say absolutely not! But these are not private businesses and they were never meant to be private businesses; they where part of FDR’s new socialist deal. If they were so good at making money then why would Lyndon Johnson want to take them off the books during the Vietnam War to save money?
The secondary mortgage market monopoly was destined to fail because the government created it. And now that is has, they do have a responsibility to fix it. I don’t know how they can make it free again, but no one in government, or soon to be, is going to do it.
The sad truth of the matter is this market has not been free for a very long time. Fannie Mae and Freddie Mac are fictitious entities created by the communist (Franklin Delano Roosevelt) that the scared American people let in the White House to rescue capitalism from itself. But is that true, did capitalism cause the great depression, or was it once again government interference? Did FDR rescue capitalism or did his government programs delay its recovery?
There are a lot of different opinions to what caused the great depression, but it seems obvious that the huge unsustainable boom created by trying to help Britain return to the gold standard probably had something to do with it. The Federal Reserve enacting the policies that where exactly opposite of what they should have been doing most likely made the unstoppable recession into a depression (i.e. limiting cash flow and raising interest rates).
"Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again." Ben Bernanke
FDR programs did not turn the economy around WWII did. He took us from the gold standard and money was printed. He created many socialist programs, some so overt they were struck down by The Supreme Court as unconstitutional. In his misguided attempt to turn the economy around in 1938 he created the Federal National Mortgage Association AKA. Fannie Mae.
Fannie Mae was created because private investors were skittish (and rightfully so) on investing in home loans. So FDR created a government ran monopoly; borrowing from foreign investors and buying home loans and creating the secondary home loan market. Lyndon B. Johnson privatized Fannie Mae in order to remove it from the national budget. At this point, Fannie Mae began operating as a GSE, generating profits for stock. In order to prevent any further monopolization of the market, a second GSE known as Freddie Mac was created in 1970. Currently, Fannie Mae and Freddie Mac control about 90 percent of the nation's secondary mortgage market.
Should the government bail private business out? I say absolutely not! But these are not private businesses and they were never meant to be private businesses; they where part of FDR’s new socialist deal. If they were so good at making money then why would Lyndon Johnson want to take them off the books during the Vietnam War to save money?
The secondary mortgage market monopoly was destined to fail because the government created it. And now that is has, they do have a responsibility to fix it. I don’t know how they can make it free again, but no one in government, or soon to be, is going to do it.
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