US voters know that
Government and Corporations have colluded since 1775. Most of the time, this
partnership worked to the benefit of the citizens. The partnership secured
independence from Britain and expanded the US with the Louisiana Purchase, the
Mexican War and the Indian Wars. The
partnership allowed US citizens to participate and benefit from the Industrial
Revolution and lead the world in manufacturing. It allowed the US to become the
dominant global power, a living example of what a free market economy could do
and its citizens relatively wealthy.
There were times when
US citizens had to suffer when the same partnership made mistakes. Suffering
occurred from illness and natural disasters and wars. But US citizens also
suffer because of their own mistakes like buying into costly scams initiated by
the partnership.
The Reagan election in
1980 signaled a rift between government and business and resulted tax cuts and
economic resurgence.
The Trump election
signaled that US citizens had become skeptical of the partnership and wanted to
fix the “unintended consequences” of the partner’s escapades.
We need to understand
that the partnership and citizens have divergent goals and it’s Trump and the
citizens against the Corporations and the “Government”.
Government is its own
industry and its own family. If government can bribe voters and get them to
want more free stuff, government can pass laws and acquire industries. As an
industry it wants to grow and to do that it gladly acquires industries corporations
no longer want. They wanted government
funded reinsurance and they got it.
The Federal Housing Administration (FHA) is a United States government
agency created in part by the National Housing Act of 1934. The FHA sets standards for
construction and underwriting and insures loans made by banks and other private
lenders for home building.
Fannie Mae was created in 1938 as part of Franklin Delano
Roosevelt's New Deal. The collapse of the national housing market in the wake
of the Great Depression discouraged private lenders from investing in home
loans. ... This lead to the development of what is now known as the secondary
mortgage market.
Fannie
Mae and Freddie Mac are in trouble. That much even the occasional reader of
newspaper headlines knows. But who are they, exactly, and what have they done
to prompt the federal government to announce it was standing by with a possible
multibillion-dollar bailout?
Fannie
Mae and Freddie Mac are America's two largest mortgage companies, together holding or guaranteeing some
$5 trillion in debt. Their names are semi-acronyms for their original
government monikers: the Federal National Mortgage Association (Fannie) and the
Federal Home Loan Mortgage Corporation (Freddie). Published July 2008.
To expanding the
number of households that could own homes, the government decided to subsidize
mortgages and require home buyers to pay mortgage insurance to protect the
lenders. In 1993, Congress passed the
Community Reinvestment Act that required lenders to give mortgages to
unqualified buyers and that resulted in the 2008 Meltdown. This law has not
been repealed. The housing industry wants to retain these government subsidies
and would resist the privatization of lending even though these subsidies are
unsustainable. If the government would get out of the mortgage subsidy
business, private lenders would return to limiting mortgages to qualified buyers.
This might work after the US economy and the middle class are restored.
In the 1960s,
government began to heavily subsidize healthcare to usher in medical advances.
Big Pharma, and medical equipment companies allied with health insurance
companies and pushed more NIH grants, Medicare, Medicaid and Welfare. This
resulted in a meteoric rise in healthcare costs, toxic treatment practices and
no cures.
At the same time,
government was increasing subsidies for education and this had the same result
with the meteoric rise in education costs, toxic courses, Communist faculties
and Socialism. Churches abandoned their role in providing healthcare and
education led by Vatican II in 1962. God was replaced by the State.
Government has been
able to muffle the will of the voter with laws that assume elected officials
can do whatever they want. Corporations
have adopted secular humanist “value” scams to support really stupid
legislation. Taxpayers are still holding the bag with our national debt and
unfunded liabilities. US bankruptcy is assured unless voters clean house in
Congress of all Statists.
Norb Leahy, Dunwoody
GA Tea Party Leader
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