The GOP Diagnosis of the Financial Crisis
Hot off the presses, from “The Republican Road to Recovery”
Democrats assume that the free-market system has failed and that a more robust federal government must now rescue the nation. The American people reject that notion and know, as Republicans do, that government has failed and that this financial crisis is the result of decades of misguided government policies that interfered with the free-market. In addition to a loose monetary policy by the Federal Reserve that fueled a housing boom, government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, and federal mandates that weakened lending standards contributed to a perfect storm of government-induced failure.
Unbelievable.
The GOP is now a fringe party, full of fringe ideas, and occupied by fringe zealots. It’s pure Austrian School garbage.
It should now be the goal of the Democratic party to pass the budget without a single Republican vote. It certainly would make me feel better. I don’t want anything in the budget that looks good to this group of out-of-touch, anti-information, market fundamentalists.
[Update]
Nate provides a much lighter post. Hilarious.
This entry was posted on Thursday, March 26th, 2009 at 9:14 pm and is filed under Some Pulp. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.
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