Tuesday, September 9, 2008

Nationalization of Mortgage Loan Industry

It is becoming ever more visible, that the government is gobbling up more and more of what should be a free economy. Not only do government regulations burden small businesses and decrease their chances of success, but now the government actually is in the business of handing out loans! Usually, the government works in-step with banks and groups, particularly the privately owned Federal Reserve System. But, that the government has now become the determinator of mortgage loan packages, and it is simply a gear-up to the new socialist vision for America.

Most prominently, health care has been eyed anxiously for almost two decades, primed for a government takeover. Already, the government has wrecked our national health care system with the employer-tied HMO system, set up by President Nixon to actually make health care expense more expensive for the average citizen. It is only a wonder what will come next, and knowing that the Federal Reserve prints greenbacks out of thin air, it scares me to know that the People will be paying for this nationalization, something to the tune of $85 billion.

And what else to fund? But, our trillion dollar a year military empire abroad. And to continue this suicidal policy will only force the government to consume more, and look to nationalize the rest of America's once free industries. It is a dangerous slope our government adventures down, and it seems only a matter of time before push comes to shove.

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