Welcome to the United Socialist States of America

If you have a copy of the United States Constitution lying around, you can go ahead and run it through the paper shredder or burn it. At this point the paper it was wrote on is worth more than the words. The United States Congress has been ignoring it for several of years with no accountability from the American voter. In doing so we have taken this nation into areas we never had any business being in.

In fact we created the greatest financial risk and collapse this country has ever seen by ignoring the principles and wisdoms placed by the founders of the constitution. Politicians in Congress think they are above the constitution. They thought they knew better. They thought they could do better and create a system outside the boundaries of the law. They were wrong! We were wrong for letting them continue to do it without accountability.

For years Congress continued to spend more, create a bigger and more intrusive government, limiting freedom while increasing their power for the social experiment to supply all with an increased standard of living.

The government required banks to offer no money down mortgages backed by Fannie Mae and Freddie Mac for before unqualified low-income family borrowers with good or bad credit became the norm. After all, everyone in America should own a house regardless if they can actually afford it. This significantly increased the demand for houses inflating the housing market and creating the housing bubble.

As the bubble grew, so did the amount of dangerous subprime loans given. While the economy was on the rise everyone was happy. Then gas prices started to rise. Interest rates rose and paychecks got squeezed. All of a sudden our unqualified borrowers couldn’t make their mortgage payments. Foreclosures skyrocketed, banks quit lending them money and no one was buying houses only selling. The bubble popped as house prices plummeted. All those government-backed mortgages became worthless and banks begin to collapse.

Did Congress and politicians learn their lesson? No, instead they blame it on the free market. It is capitalisms fault, not ours. The premise from most of our politicians on both sides of the aisle of this financial crisis is that some how the free market has failed and the government must come to the rescue. The truth is the crisis we are now in is a result of government intervention in the market.

This is not a failure of the free market. In a free market, bankers would not give loans to people who are not qualified.

We started to here politicians say things like the government must act to protect the financial well being of all from the reckless financial actions of a few.

Someone show me where in the constitution does it say it is the government’s responsibility to protect the financial well being of anybody? I must have missed it in my copy!

I am so disgusted by this bailout! Democrats and Republicans both united to vote for this damn bill. Both presidential candidates voted for it. We can’t get them to unite to win wars, or close our borders, but we can get them to unite to give them the absolute most power they will ever gain over the free market ever!!! Does anyone realize how much control this bill gives the federal government? How much real estate the government will now own?

There is no way you can justify in the constitution the government should be a source of mortgages for homeowners, but Fannie Mae and Freddie Mac were able to control more than 50% of the mortgages in this country before this bailout.

We are in tough times, but they are going to get tougher until the American people hold Congress and politicians accountable to live within the rules of the US Constitution that have served this country so well. We are ignoring the constitution at our own peril and are reaping exactly what we have sown.

Capitalism is pretty much dead. Welcome to the United Socialist States of America! The US Constitution was bought and destroyed for 700 billion dollars!!!

Perhaps it is time to reject the two-party system in this country. It’s time for a revolution! A voter revolution…The Libertarian Party anyone?