View post (if you love this nation....)

View thread

Mike51
Registered User
Joined: 04/10/05
Posts: 67
Mike51
Registered User
Joined: 04/10/05
Posts: 67
01/07/2013 6:29 am
A little history .. The Federal Reserve Act of 1913 was introduced in Congress by Carter Glass, a Democrat from VA. It was signed into law by Woodrow Wilson, of the Democratic Party. A decade later we had our first depression.

The most devastating event since then was the passage of the 17th Amendement which gave the election of Senators to the people (popular vote) rather than to the appointment by the State Legislature of the states that they were supposed to represent. At that point there was no longer anyone representing the rights and the interests of the states. Everyone got elected by promising the most to the citizens, the federal government began at that point to grow exponentially because there was no avenue the individual states could use to push back. This amendment was brought in under FDR, a statist, and a Democrat.

FDR started the practice of massive government spending in hopes to improve the economy. His Secretary of the Treasury said years later, "we spent more than ever before, ran up amazing debt, and had absolutely no effect on unemployment".

You are fast to hammer away at capitalism yet you haven't seen true free market capitalism on a large scale. This is because we've allowed Washington to amass so much power that it is now crony capitalism. Where the government picks winners and losers. This is why the tax code is 70,000 pages plus. Each page outlining a tax break for a special interest. Face it, there is no elected office holder smart enough to write tax law, so it gets written for them. They have no idea what they propose or what affect it might have. Yes, they are all sell outs, but they can only trade against the power we gave them and that we need to take from them.

If you want to see capitalism on a small scale, look at this website. You can learn guitar on the internet for free, yet GuitarTricks has 1000's of paying subscribers because they offer what people are willing to pay for. I hope that they are making a profit doing so because I want them to be around for a long time. There was no government by their side. Someone took the risk to invest capital and produced a viable product. One of the best products. Should another site do it better, then so be it. The list of companies that are now defunct far surpass the list that are currently operating. That is capitalism. No guarantees, just opportunity.

Not a fan of any party right now, but to point the blame at only one side, is completely misguided. We have some of the biggest statists in charge right now. Setting up systems to control your healthcare, your energy usage, your water supply, your access to self preservation and your right to own property.