The Capitalist Enemy

Much of the Democratic party is at war with capitalism. Speaker of the House Nancy Pelosi is a chieftain when it comes to the war against free enterprise while leading the peacenik wing of her party that even seeks to extricate America from the real shooting war in Afghanistan, a conflict even President Obama declares is a war of necessity. Obama recognizes the deterioration of the situation in the struggle against al Qaeda and the Taliban and wants to surge more US troops in to stem the tide. Pelosi is so craven that she openly opposes the President of her own party in this attempt to stabilize Afghanistan. Both Pelosi and Obama agree wrongly that free market excesses caused our recent recession. It was in fact not a lack of regulation that distorted the market but government policy against "redlining" and forcing banks to make "liar loans" that started the ball rolling toward collapse. The banks under pressure from RainbowPush and other race interests groups with the heavy hands of government regulators and Congressional activist busybodies behind them forced banks to lend to areas with near one hundred percent default rates where the money became essentially a gift. The banks were told not to worry by regulators as the risk would be underwritten by government sponsored entities Fannie Mae and Freddie Mac and this spawned the unsustainable subprime market, with trading in exotic investment vehicles that inevitably collapsed. Government interference at the behest of powerful Democrats-Maxine Waters and Barney Frank in the US House of Representatives ignored John McCain's warning from the Senate of the house of cards and the impending crisis-caused the downturn, not any inherent flaw in capitalism as Obama is now seeking to address with ever more burdensome and costly regulation. While many Democrats are set to flee the fight against Islamic extremism, they are happy warriors in the fight against the prosperity that market forces left to their own devices always bring in the self-correcting economic cycle. Put simply, too much interference in the market, not too little, caused the crash and Congress and the President may impose even more, stifling any robust recovery in strangling red tape.