published Sunday, October 30th, 2011

Congress to blame for economic crisis

It is not surprising that President Barack Obama, among other liberal politicians, is supporting the "Occupy Wall Street" protests in New York and elsewhere. After all, the vague "anti-corporate-greed" message of the protests helps draw attention away from the federal government's role in our nation's current economic crisis.

But that diversionary tactic doesn't seem to be working. In a recent Gallup poll, 64 percent of those surveyed said the federal government deserves more blame for the weak economy than big banks and other financial institutions deserve. Only 30 percent said banks are more at fault.

It is true that financial institutions and some other companies improperly received bailouts after they had in many cases performed badly in the market. And there was some outright fraud in the financial sector, too.

But from where did the bailouts come? From members of both parties in Washington! So who is to blame? Companies that accepted bailouts or lawmakers who approved them?

And it was not the private sector but Congress that passed the $862 billion "stimulus" -- growing our nation's debt and accomplishing little in the way of higher employment.

It was also Washington that approved ObamaCare -- a big portion of which even the Obama administration now admits is unsustainable.

And it was Washington that pressured lenders to give home loans to people with weak credit -- setting millions up for foreclosure when they eventually could not make their mortgage payments.

Now, Obama and Democrats in Congress want various components of a second multibillion-dollar "stimulus" passed -- after the failure of the first one!

Sadly, the American people have good reason to lay much of the blame for the economic crisis on Washington. That's where it belongs.

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EaTn said...

If anyone doubts who controls this country one only has to follow the money to and from Washington. The occupy groups are true patriots putting it on the line and leading the movement for the people to regain control again. All types of folks like unemployed vets are joining and getting the attention of those who would like to blow the occupy movement off as a bunch of worthless hippies.

October 30, 2011 at 6:17 a.m.
conservative said...

The last election coincided with the Gallup poll cited above. Obamination then stated that the elections would be a referendum on his policies. He was RIGHT! The Demoncrats lost 6 seats in the Senate, over 60 house seats,6 governerships and over 680 seats in state legislatures. The great state of Tennessee is under full Republican control. The American people knew and know that government is the problem. Obamination is a committed anti-American Socialist and under his leadership will take down the Demoncrat party again in next year's elections.

October 30, 2011 at 10:06 a.m.
lumpy said...

Exactly right, Conservative. Obama and the Democrats had full and complete control of our government for the first two years. That's where the damage was done. What was required at the time was a responsible attitude regarding spending and our debt. What we got instead was an idealogue pushing his agenda NO MATTER WHAT with the help of the dumbest collection of Democrat zombies we've ever seen.

October 30, 2011 at 4:53 p.m.
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