Did the free market cause the financial crisis? Was it unbridled capitalism?
The Competitive Enterprise Institute and the National Taxpayers Union don’t believe for a minute that capitalism caused the financial crisis. How can we be so confident? Because capitalism doesn’t exist in the United States, especially in the financial sector.
Nearly every industry in the U.S. finds itself making regular pilgrimages to Washington to seek special favors—subsidies for this or that, regulations that harm competitors or smaller firms, or trade deals that benefit their industry while hurting the American consumer. No, America doesn’t have a capitalist system, we have a system of special favors, handouts, and perversion of the free market.
That’s why we’ve launched BeyondBailouts.org. The financial system should be a free market one, not one controlled by the government, because government control and influence over the financial system is to blame for much of the current crisis.
Freddie Mac and Fannie Mae bought up bad loans, pushing the industry to make more of them. The Fed played fast and loose with monetary policy by making money so cheap that financiers used it recklessly. Our tax policies and myriad Federal programs are geared toward pushing people into homes they can’t afford. Many of these policies were put into place by corrupt politicians bankrolled by those who sought to make a fast buck while distorting the free market.
Tell Congress enough is enough. Write your Member of Congress and sign our petition at BeyondBailouts.org.
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Hahahahahahahahahahahaha…..you expect us to get along without any gov. at all while the rest of you thugs drink our blood??? Ur all insane. It's straight-jackets for you all! You've gone completely around the bend with your greed. I knew you would never stop 'til you're all dead, unless somebody stops you from hurting yourselves AND US!
Explain to me what makes The Government (TM) somehow more righteous and virtuous than the rest of the unwashed masses.
I think they've shown us plenty of times that they cannot be trusted.
Sarah Palin, Alaska’s Governor and GOP Vice Presidential candidate, has been the brunt of media criticism as of late, and it seems as though nothing good can be said of Palin. A prime example of this negative media is the reaction to her appearance on NBC’s long-running pop culture mainstay, Saturday Night Live. Instead of applauding Palin for being a good sport or recognizing that her appearance gave SNL its highest ratings in 14 years, the press criticized Palin on her performance. The media continues to question Palin’s success as Alaska’s Governor, the pregnancy of her seventeen-year old daughter, and even her character. A big portion of the liberal-minded media has suggested that our country would implode if Palin took over the presidency from John McCain. However, many of these attacks are far from the truth. Many people respect Sarah Palin for her unrelenting efforts to improve her home state of Alaska. Others admire her support of disabled individuals like those with special needs, autism, and Down syndrome. Even more people trust Sarah Palin because of her advocacy for personal responsibility and financial freedom. Part of this advocacy for financial freedom includes Palin’s opposition to the removal of the payday loan industry.
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