The government often tilts the playing field to the advantage of their politically-favored allies. Speaking of the financial-rules overhaul, consider Barney Frank's derivatives bill that exempts Fannie Mae and Freddie Mac. Of course U.S. Commodity Futures Trading Commission Chairman Gary Gensler merely sees this little oversight as an "unintended consequence." It couldn't possibly have anything to do with the thousands of dollars in campaign contributions that Barney Frank has received from the two government-sponsored entities.
There is a culture of corruption in Washington, D.C. These people put in two and a half day work weeks, collect their six figure salary and benefits packages, and sell us down the river every chance they get. People like Charlie Rangel, who writes the tax code, mind you, that neglect to declare millions of dollars in income and face no consequences when they're caught breaking the very laws that they wrote. Our elected officials allow special interest groups to write thousand-page bills, refuse to read them, and then vote against allowing the bills to be posted online for all of us to read before they vote on them. What are they trying to hide? And who's really running the show?
The latest CBO estimate of this year's budget deficit is $1.4 Trillion dollars. This is roughly triple George Bush's much-maligned budget deficit from his last year in office. Organized crime is turning from the drug trade to Medicare fraud because the money is easy and the penalties aren't nearly as stiff. We need to ask ourselves here, is it really capitalism or corporate greed that is the villain? And if it's not, should we be looking to the government for solutions, or is it the government that's really the problem?
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