After the terrorist attacks on 9/11, George Bush stated his belief that the terrorists attacked the United States because they "hated our freedom." Over the next eight years President Bush decided to defend this freedom by taking it away (with the assistance of Congress, of course). Warrentless wiretapping, torture, secret courts, secret prisons, the list goes on and on. American citizens are dramatically less free than there were eight years ago.
Fast forward to 2008 and an economic crises arises. The crises is the product of the easy money policies of the Federal Reserve and the obscene homes-for-all strategy of the federal government. This centrally planned bubble coupled with extremely poor business decisions on the part of several large financial institutions lead to our current economic crises. Washington's solution: loosen monetary policy more than ever before, and broaden the homeownership-for-all policy by meddling with mortgage terms and creating even more incentives to buy homes. What's next?
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