The Democratic Party has begun taking monumental strides away from bipartisan legislation. It seems as if the Democrats cannot get any support from a single Republican senator on numerous issues. Allowing the Democratic Party to pass legislation without a Republican vote (in the House or Senate) goes against everything this country was founded upon.
“No taxation without representation.” We all know where this phrase came from and it is just as meaningful today as it was during the 18th century. There are 14 states with two Republican senators. The people who voted for a Republican senator or a Republican representative are no longer being represented at the national level because of the lack of consideration of the Democratic Party.
Texas, one of the 14 states with two Republican senators, also has 20 of the 32 members of the Republican Party in the House of Representatives. We have overwhelmingly voted for the Republican Party. However, the Democrats, who control the House and the Senate, no longer care most Texans prefer the ideas of the Republican Party.
Legislation such as the stimulus package, the health care reform bill, and the Henry Waxman bill are all historically unprecedented pieces of legislation that can greatly affect the future of our great nation. Yet, the Democrats do not feel the need to gain consent from 40 percent of the nation (40 Republican senators).
The much smaller issues that result in minor Washington disputes can be decided by majority vote. That’s fine. Issues that can change the world (huge increases in taxation of American petroleum producers or destroying the value of the dollar) should to be agreed upon by a large margin.
It does not take an economist from Harvard, MIT or Princeton to know the amount of money being spent by our government is going to cause inflation. Any basic education in economics will teach you a large increase in the supply of a good is going to cause a decline in its value. We should hope the economic stimulus package creates the amount of jobs it was promised to or we may end up facing stagflation. Neither party wants that.
As great of a speaker as President Barack Obama is, I would think he would be able to motivate the two parties to work together to fix the problems within our borders. The lack of bipartisanship by the House and Senate has been so transparent it has caused tensions at the local level (town hall meetings, protests). People are constantly negatively labeling each other as Republicans or Democrats; regardless of their views on the wide range of political issues.
When I say Democrats, I am talking about the people in Washington who represent the Democratic Party at the national level; not the people who voted for them locally. I am talking about the Democrats who continue to justify their spending by pointing the finger at the failures of the Senate under former President George W. Bush. It sure seems like Washington is continuing down the path of politics as usual as we continue to play the blame game.
Now that the Democratic Party has assumed full responsibility for the immediate future of the United States, there will be no excuses years from now. A Democratic president, Senate and House can be the most dominate force in the world. They had better remember the old saying, “with great freedom comes great responsibility.”
so my conclusion is that equal opportunity lending did not cause the housing crisis. however, it added fuel to the fire and it certainly didn't help.
The real moral of the story is that way too much easy money credit became available and now society is in debt way over its head. If you don't have cash money to buy something, you shouldn't buy it on credit. Save up for it. Now we have to clean up this mess while the Republicans watch and complain.