As we find ourselves in the throes of a mini depression let examine the causes and try to find the cure. It’s obvious that Congress is too embroiled in petty politics to solve our dilemma in a reasonable fashion.

First we have to examine the obvious; the financial meltdown of Wall Street and the terrible crash of the housing market. The finger points at greed in both cases. Both political parties, and the past 4 administrations are just as guilty as the other. This constant blame game that has gone on for the last 8 years has exacerbated the problem and driven us farther and farther away from a positive solution. We know the Wall Street problem stems from the housing situation, as huge amounts of capital were invested in these high risk loans. When the Real Estate crash hit it depleted equity positions and caused a run on the industry never before experienced. Banks failed at an alarming rate causing the Federal Reserve to stretch beyond its means.

What caused this catastrophe in the first place? I believe it was the long term effect of the desire of the Clinton administration to open the Housing market to those who normally couldn’t afford one. Their instructions to Fannie Mae Lowered the standards for loan qualifications. At once this became a boon to the industry as millions of previously unqualified buyers flooded the market. Prices soared and everyone was convinced they would never go back down only up and up. Suddenly real estate was the gold standard of the world. The Bush administration made one half hearted attempt to control this runaway train but was rebuffed by the likes of Frank, Dodd and Waters and retreated into a cocoon of silence. The attempt by Bush’s Secretary of the Treasury Paulson to bailout the banks was the worst decision that could have been possible. $780 Billion of our tax dollars simply disappeared into a whirlpool of greed and fraud. The Obama administration has worsened the situation with their attempt to Nationalize the banking and auto industry. The so called stimulus they pushed down our throat was more Pork than substance and just paid back the liberal establishment for their loyalty.

Unemployment; Now that the rate has hit over 10% even the diehard Union establishment must be questioning the process. Jobs are created by small business not government programs is not going to solve the unemployment situation. The trickery of numbers being thrown about by the administration are a farce. Show me 640,000 saved jobs and I’ll eat my hat. Jobs are created by an active market and a population that has confidence in the economy. If only a smidgeon of the bailout and stimulus money that has been wasted on the auto industry and banking was used for tax incentives and low interest loans for businesses that were willing to expand and hire new workers there wouldn’t have been a need for an auto bailout.

Congressional arrogance; We are in the midst of an attempted takeover of our country by an elite group of supposed Representatives, that could care less what you think. They believe that they are the supreme power in this country and will do whatever they think is in their best interest. The fact that they were elected to do the bidding of the people who put them there is irrelevant, they feel they know what’s best for America. We were warned about this happening when our founding fathers wrote the Constitution. These elitist arrogant egotists, have ignored all aspects of the Constitution and our rights in general. If we allow these people to force a vote on medical reform, without allowing both parties of the Congress and the people to study the content of the bill, we might as well have capitulated to The Soviet Union in the 60’s. It’s time to find your Cahonies America, it’s time to recall the entire bunch and start over with people who understand the American way and our Constitution.