Because i could've sworn the United States was founded on the free market.and up until Washington (Democrats) in particular thought using fannie mae and freddie mac to control the housing sectorand backing all the home loansThe free market made us prosper.
No. The USA was not founded on the free market. It was actually founded on mercantilism, an economic system that was not begun to be replaced by capitalism free markets until the late 1800s. There is plenty of evidence to back this up as out government was dependent on tariffs until 1913 when the income tax amendment was approved and tariffs are explicitly documented in our constitution. As for your unrelated complaint about Fannie and Freddie, arguments can be made that both Democrats and Republicans were involved in controlling or trying to control the housing sector.
The reason is because the American people still have some money left to steal. When it is all done, then it will finally be revealed that it is not democrats verses republicans. It is the wealthy verses the common poeple. China did not vote to become communist. After decades of financial and social problems the communists, simply snuck in and took over after WWII. The rest of the world can see how the US government plays the Dems verses Gop game against the american people. You are closer to communism than you realize. Try reading a history book about how China became communist
Wow so you have no idea what you are talking about do you? Fred and Fan loans are much more secure then MOST of the free market loans out there. Because they were regulated you still had to provide paperwork and prove you could afford the house. Unlike bank loans where you were not required to provide any information, could do interest only and put nothing down. In fact if you rid the market of Fred and Fran you will dry the home market up completely because they are currently the ONLY ones lending. It is not fred and Fran that caused the market crash. And the housing market crashed in 2005. The Government did not take control of them until 2008. Our problems were NOT the regulation of the banks but the deregulation of the banks. Most people who received one of the government assistant programs, who Still have jobs are still in there homes and in fact still may even have a little money in their homes because they where not allowed to use their homes as a bank, unless they were prepared to return all of the money provided. Many people felt that the government loans were to hard to get so they did conventional loans instead, because their were no regulations on them.,and they could lie their way into a home much bigger then what fred or fran would let them buy. You need to go back and check your facts. 13 years in Real Estate.
Lincoln warned of the “money powers” and the banks -- said they were a greater enemy than the Southern Army was. But, particularly since Reagan deregulated banking and caused the SL scandal -- they’ve been in bed with D.C. Wall Street now hates Obama, so it seems that despite Republicans obstructionism, we’re getting somewhere.
