Dale E Brown for Congress 2012
I pledge allegiance to the flag of the United States of America and to the Republic for which it stands, one nation under God, indivisible, with liberty and justice for all.
Personal Thoughts for June 09
This area contains some personal thoughts on ideas of life and government.
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"Timid men prefer the calm of despotism to the tempestuous sea of liberty. " Thomas Jefferson
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06/2009
If borrowing and spending grew wealth, we wouldn't be having these problems. We would all be rich and getting richer.
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06/2009
Current Economic Situation caused by American Housing Boom and Bust
"It was liberal Democrats, led by Sen. Christopher Dodd and Rep. Barney Frank, who for years - including this year - denied that Fannie Mae and Freddie Mac were taking big risks that could lead to a financial crisis. It was Mr. Dodd, Mr. Frank and other liberal Democrats who for years refused requests from the Bush administration to set up an agency to regulate Fannie Mae and Freddie Mac."
"It was liberal Democrats, again led by Mr. Dodd and Mr. Frank, who for years pushed for Fannie Mae and Freddie Mac to go even further in promoting subprime mortgage loans, which are at the heart of today's financial crisis."
"Alan Greenspan warned them four years ago. So did the chairman of the President's Council of Economic Advisers . So did Mr. Bush's Treasury secretary, five years ago. Yet, today, what are we hearing? That it was the Bush administration "right-wing ideology" of "deregulation" that set the stage for the financial crisis."
October 7, 2008 quote from Dr.Thomas Sowell author of "The Housing Boom and Bust". Dr. Sowell has taught Economics at Howard University, Cornell University, Brandeis University, and UCLA. Since 1980 he has been a Senior Fellow of the Hoover Institution at Stanford University, where he holds a fellowship named after Rose and Milton Friedman.
In 2003 the Wall Street Journal quoted Frank as saying that he wanted to "roll the dice on subsidized housing".
Barney's gamble has cost us $2T!!!!
© 07/2009 brownsview.us
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