Good little column of a fairly unbiased inside view of the Democrat Congress meltdown. Baird saw it coming and decided to go ahead and leave on his own. I found the following to be pretty clear on what everyone really ought to know. This financial meltdown was PRIMARILY caused by the unholy public private confusion with Fannie and Freddie. The Bush administration tried to reign them in as early as 2002 but there were was just TOO MUCH MONEY -- when you combine the assets of the Federal Government, race pimps like Maxine Waters and Charlie Rangle IN the government and groups like ACORN on the street with the chance for everyone from Wall Street to low income home owners the chance to cash in at the casino, is it any surprise it comes to a bad end?
It ought not to be -- and guess what, blaming Bush doesn't help one bit when even a DEMOCRAT notices that the vaunted BO / Democrat financial reform fails to address Fannie and Freddie, which EVEN A DEMOCRAT realizes were the core of the problem.
Please, please, please forget about government "helping the little guy" -- ONLY as an accident of buying votes that typically cost FAR more in lost jobs, lost GDP, increased business uncertainty and the general corruption of our political, financial and legal system than ANY amount of money would be worth!!!
"Although he voted for it, he says he was troubled that Fannie Mae and Freddie Mac, the entities at the heart of the housing meltdown, weren't addressed. They have clearly exercised undue influence on Capitol Hill, he notes. 'When I was first elected I was puzzled why they were holding events in my honor as a mere freshman. I asked myself, why is a federal entity so involved in political activity?'"