July 11, 2008

The Speculator Problem

Not in oil, but in housing, as stimulated, subsidized, and cosseted by the federal government. And now that Fannie and Freddie, two of FDR's fascist offspring, are going under, the federal government will take them over. And no matter what the pols and central bankers and other criminals call it, this will increase the size of the federal debt by 50%, to more than $15 trillion. And this is just one of a cascade of bad effects following from Greenspanism. Let's not forget, as the wheels come off the economy, whom to blame: the Fed, the Bush regime, their corporate allies, and the academic and media shills.

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