Most of the debate about the government "doing something" to help homeowners in foreclosure has focused on what it should do. What kind of program should be passed, what the role of the FHA should be, how the Fed can manipulate interest rates lower, and so on. But none of these arguments gets to the heart of the matter, which is what authority the federal government is acting under to help people save their homes. In fact, the question should be, does the federal government even have any authority to help homeowners stop foreclosure? The answer is absolutely not.
OK, now I am impressed. Senator Hillary Clinton - who hasn't really done much to catch my attention so far - has come up with an "insourcing" agenda for American business in the 21st Century. I am glad to see that someone is actually talking about this issue. It is refreshing to say the least, considering the record of her opponents.
There were 23.1 million jobs created during Bill Clinton's presidency, but the increases have been offset by job losses in the George W. Bush presidency. Is Clinton responsible? The answer is absolutely not - for two reasons.
The Money Masters is a 3 1/2 hour non-fiction, historical documentary that traces the origins of the political power structure that rules our nation and the world today.