About a month ago, the Federal Reserve announced its goal to grasp even more control over the banking industry by seeking veto power over the pay policies of any bank of its choosing. We already know about the many bailouts and “stimulus” packages passed by Congress within the last year. If the solution to our country’s economic problems is more government control and intervention, then why not give them complete control?
Unfortunately, as most of you are already aware, government intrusion in the marketplace is more likely to be the cause of our problems rather than the solution. On one hand, the government has not allowed the free market to reward businesses for making prudent and smart decisions. At the same time, they are picking and choosing which reckless ones get bailed out to avoid the consequences of their decisions.
Rather than discussing which government approach would work best to “stimulate” our economy, we need Congress to start figuring out how to properly extricate itself from the process. However, until members of Congress come to an understanding of the Constitution and that the federal government doesn’t have the right to manipulate the free market and that their meddling has only made things worse, we will make little to no headway.
As citizens, I believe we must promote the restoration of free market principles in our nation. We must press for legislation and other measures to scale back the unconstitutional regulation of our businesses, the unconstitutional taxing and spending of our hard-earned money, and the sacrificing of our nation’s economic future for a few “quick fixes” today.
Popularity: 1%
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Gato got runned over by Marcus many moons ago. Be ye daft, 2486? 
Let's have a new poll, alright, Joe?
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Right, start a lengthy process to fix a problem that needs immediate attention.
Too much time is wasted on redundant discussion in Congress. Look at what they’ve done with the health care bill. We don’t have a viable government, we have a broken, money hungry group of elected officials run out of control.
And you propose we fix the problem with the same tools that created it? Stick with that positive thinking Chick, they say its the secret to a prosperous life.
So phronsysko, are you advocating that we all just give up and throw in the towel, hunker down in our homes or wherever and wait for big government to destroy our country?
How can you fault someone for wanting to go back to Washington to stand up for individual (and corporate) responsibility and accountability and consitutional law? I’m assuming that if you think the system is broken beyond repair that you don’t bother voting anymore. It certainly does no good to complaim about the problem if you are not willing to do what you can to help repair it.
Well said Chick. You’ve got my vote so far.
You assume much pelagius, it’s a bad habit to get into because you sometimes end up with your foot in your mouth when you do so. I haven’t missed a trip to the ballot box in many years, including “secret” school bond elections. Can you say the same?
Government extricated itself from the marketplace by relaxing regulations on the financial industry beginning in 1980. Check out the boom period in the mid 80’s and the ensuing bust in the late 80’s. Look at the increase in bankruptcy and how many S&L’s went belly up in the late 80’s and early 90’s.
Now look at the deregulation of the financial industry that lead to the last real estate boom and recent bust. Look at the new bankruptcy legislation that was enacted to make it more difficult for people to get out of financial trouble when they got caught up in the spiderweb that deregulation allowed the financial system to weave.
We’re trying to recover from the Bush years, a period of untold corruption at the federal and corporate level. Corporate America has been running free for so long that we have no choice but to rein them in. That calls for government involvement, not government extrication.
Outside of our unnecessary wars, the Medical Industry is the number one money sink in our country. We’re all affected by high insurance costs, high medical service costs, and high medication costs. Yet Congress continues to argue over a Health Care Bill on a strictly Partisan basis.
There’s no thought involved, only loyalty to the party position.
High paid elected officials. Drones. Keeping a broken system functioning. And Idaho will vote the same way next time around too, because that’s just the way it is.
Even with all DC’s shortcomings, Chick’s Free Market solution isn’t going to do anything but make matters worse in an already bad situation.
Replacing ineffective Congressmen and Senators is the country’s only hope, and it’s something I won’t live to see. But it doesn’t mean I won’t continue to vote. You should stop making assumptions.
I have a viewpoint that no one seems to be considering. It isn’t just the elected who cause the problems. We are regulated by bureaucrats, who are not elected. Think about the IRS and Medicare and Social Security and Health and Welfare people who institute all the regulations. They aren’t elected and we have no control over them. We keep fussing that the congress isn’t doing what we want, and we need to vote them out. That isn’t the problem. Decades ago, some sort of resolution was passed that allowed these faceless bureaucrats who do not answer to the voters to regulate us. The tax code is an example. It isn’t “voted on” by congress, its enacted by the bureaucrats.
We need elected officials who will undo that initiative that gives so much control to these literally millions of government workers who are instituting regulations that are nothing more than job protection measures.
I challenge every reader of this post to go online to the BBC website and order a copy of Yes, Minister. It’s a british comedy, but it’s right on point. The elected officials have very little control over our lives and are being outmaneuvered by the career bureaucrats. The elected officials might “pass” healthcare but it will be initiated, regulated and overseen by bureaucrats. When it fails, they’ll just initiate more regulations to try and fix a problem they started.
Small government, capitalism, free markets are the answer.
We are guaranteed the government will “promote the general welfare and provide for the common defense.” Our government has interchanged that to providing the general welfare, which is not the guarantee and is unconstitutional. I just hope some savvy attorney gets that bit in his teeth and sues the crap out of the government for going where they are prohibited from going. We need to get over the idea the government owes us anything and turn our baseball caps around, pull up our pants, and get busy taking care of ourselves instead of pissing and whining the government needs to do everything for us.