Well, duh! I’d laugh if the whole situation wasn’t so horrifying. Job losses, reduction in buying power of the dollar, companies going out of business… We cannot sit idly by and let the government further damage what is fundamentally good about the US economy. Nice to see someone in Congress realizes how this latest problem arose. But I’m not holding my breath that the legislators will admit their culpability.
From Townhall.com:
According to a report released from the House Committee on Oversight and Government Reform on Tuesday, Fannie Mae and Freddie Mac were the leading culprits in the housing crisis because they encouraged people to borrow money, despite the fact they might not be able to pay it back. Duh.
It took 9 months and a 26-page government report to realize this?
Conservatives have long been warning that federal programs like the Community Reinvestment Act would build an inflated housing market resting on shaky foundations.
In fact, the report explains how Fannie and Feddie–government programs exempt from the oversights governing other publicly-traded firms–”privatized their profits but socialized their risks.”
CNSNews reports.
Posted in Capitalism, Congress, Economic Freedom, Economy, Elected Officials, Leftism July 10th, 2009 by sharilee | No comments
You know the system is out of control when legislators sit around thinking up repressive bills that will put control of airline carry-on size in the hands of the federal government. For goodness sake, the airlines can take care of this themselves.
From Townhall.com:
Three-term U.S. Congressman Dan Lipinski (D-Ill.) this month introduced a bill that would impose a federal limit on the size of baggage allowed to be carried by passengers boarding aircraft. It sounds like while jet-setting to and from the nation’s capital, the Congressman has been somewhat inconvenienced in the past: “The passengers who board the plane last often don’t have any place to stow their carry-ons because the people who got on first fill the overhead bins with oversize roll-on bags,” Lipinski said.
Instead of arriving for flights earlier to secure overhead space, let’s introduce some legislation! While we’re on the subject, can we ban carry-on luggage from being stowed beneath seats? Air travelers should have a right to overhead compartment space and adequate leg room!
If you’re interested, get out your tape measure and read the full story to see if Rep. Lipinski would deem your carry-on acceptable.
Posted in Education, Elected Officials, Freedom, Leftism, Legislation July 10th, 2009 by sharilee | No comments
