principles. We fully expect to be issued nice blue uniforms with funky collars. We’re just trying to steer the people who purport to represent us in the right direction in opposition to him. You useful idiots elected him, but we don’t have to help him, like him, or even respect him beyond the basic respect owed the office.

To answer your questions…..

1. He wasn’t swept in only due to the financial crisis. It may have gotten him a few votes, but it’s not the majority of his support. A large portion of his voter base responded to his race based campaign and the effort to make him the first black president (too bad Condie got there first). Many others are hard core Democrats who wouldn’t vote for a Republican to save their skins. And finally there were various other groups that all came tofether to support him: the assorted antiwar types, the socialists, the communists, age bigots, labor usnions, young people who are easily fooled by flashy rethoric, and the black helicopter types. Your comment about Obama not embracing free market principals goes directly against his own proclamations. I guess you didn’t believe him either.

2. No, goverment intervention in the free market is what got us into this mess in the first place. You should probably learn a little economics before posting on the subject. I recomend you read some Milton Freidman or watch his videos (I liked the books better). You can see the videos here: http://www.ideachannel.tv/

If you want to read a more currect economist Thomas Sowell’s “Basic Economics” is a good one.

“If I’m going to give my money to a non-trustworthy institution, I would rather give it to the government, which is at least pledged to improving the national welfare, than to a bank.”

And we wonder why phishing, ponzi schemes and Nigerian internet scams flourish?

caused all our problems? Amazing……

I’m assuming you didn’t study in Chicago. May I ask what sort of economics your school taught? I have a nephew-in-law who also studied economics extensively, but he was taught by the French. His claim is that the only reason socialism never works is because of the corruption of the system caused by the left over remnants of capitalism. He believed that because that’s what his French school teachers taught him. I assume you have a similar problem and that your professors leaned a bit to the left.

The problem I’ve had with most left leaning economists is that they agree on how the economy REALLY works, but don’t think that’s the way it SHOULD work so they refuse to teach free market economics.

P.S. There is a “Reply to This” button at the bottom of every comment if you want to reply to a specific comment.

The problem that precipitated this crisis is the result of too much government meddling, as opposed to not enough.

Left to themselves, the banks and credit institutions could (and did) figure out who was credit worthy. It was gov’t meddling that caused them to increase loans to the non-credit worthy. It was either that or be punished by the Feds.

Then, when they had the chance, the grifters in Congress (read: Mssrs. Frank and Dodd, in particular) held legitimate inquiry at bay.

There have been failures of capitalism. Enron is an example. The government-prescribed cure, however, is worse than the disease. Sarbanes-Oxley has made American corporations less competitive and has created advantages for new companies to form overseas instead of the U.S.

A few hours of college economics does not an expert make.