Last night, in a stump speech in Reno, Nev., Hillary Clinton related a story about a radio station in rural Arkansas. The station said they thought it would be great if they could train a dog to follow candidates around and every time a candidate told a lie, the dog would bark.
She said that the station did train a dog to bark. Then, she posited that it would be great if they could train dogs to bark – or just bark themselves – every time Republicans told a lie. Clinton cited Republican claims that regulations on banks, i.e. The Community Reinvestment Act, which closed down all savings and loan institutions, caused the Economic Meltdown of 2007.
CORA, part of the Housing and Community Development Act of 1977 which was implemented under Pres. Jimmy Carter, required banks to accept all loan applications, whether the applicant was employed, could put 20 percent down on the mortgage, or had mortgage insurance.
The Act instructs the appropriate federal financial supervisory agencies to encourage regulated financial institutions to help meet the credit needs of the local communities in which they are chartered, consistent with safe and sound operation (Section 802). To enforce the statute, federal regulatory agencies examine banking institutions for CRA compliance, and take this information into consideration when approving applications for new bank branches or for mergers.
Clinton “barked” at the notion that there could be “too much” regulation, especially on banks, while advocating CORA, which requires absolutely no responsibility on the part of low-income homeowners. Virtually free housing has been a plank of the Progressive Socialists since the time of Karl Marx.
We are approaching, some economists warn, a period of negative interest. A negative interest rate means the central bank and perhaps private banks will charge negative interest: instead of receiving money on deposits, depositors must pay regularly to keep their money with the bank. This is intended to incentivize banks to lend money more freely and businesses and individuals to invest, lend, and spend money rather than pay a fee to keep it safe. Excessive regulation generally only favors the regulators, who are fast becoming America’s wealthy upper class. Gov. Scott Walker recently noted that six of the ten wealthiest counties in the United States surround Washington, D.C.: Loudon, Fairfax, Howard, Arlington, Montgomery, and Falls Church, which is actually a city, but regarded by the U.S. Census Bureau (now under the auspices of the President’s office, not Congress) as a county.
Hunterdon and Morris counties in New Jersey, Los Alamos County in New Mexico, and Douglas County in Colorado round out the top ten largest counties in population. Also on the list are New Jersey’s Somerset and Sussex (?!) counties. The census determined wealth by poverty rate, as opposed to actual income.
Since the turn of the 20th Century – over 100 years ago – Progressives have gradually been building a bureaucratic structure around our Constitutional freedoms. A number of cabinet posts and federal agencies can and should be done away with and their power returned to the states from which they were robbed:
The Department of Education
The Department of Agriculture
The Department of the Interior
The Department of Labor
The Department of Housing and Urban Development
The Department of Health and Human Services
The Department of Transportation
The Department of Energy
Then there are the alphabet agencies. There are so many, we’ll just name a few:
Broadcasting Board of Governors
Consumer Financial Protection Bureau
Corporation for National and Community Service
Environmental Protection Agency
The Export-Import Bank of the United States
The National Endowment for the Arts
I can’t post a photo of the U.S. Capitol Building. For obvious reasons, such photos pose a national security risk – it’s like dangling a carrot at the Islamic Jihadists. But Fox News often reports from Washington, D.C., with the enshrouded Capitol Building in the background for their Congressional news reports.
Currently, the Capitol Building is under major renovations and the dome is surrounded by scaffolding. That scaffolding is an apt illustration for the bureaucratic rules and regulations that are surrounding our constitutional government like a vine, choking our freedom.
This bureaucratic scaffolding, unlike the real thing, is permanent. The regulators are the unelected, unaccountable, and irremovable byproduct of Progressive government growth. They are the only people who matter to politicians.
They are as dependent upon the politicians who put them into power for the livelihoods as the politicians are reliant upon them for the votes to keep them in office. Their relationship is sycophantic; they feed and rely upon one another and have no use for or fear of us – we, the people.
Hillary can well afford to bark at us. A dog doesn’t have to be “trained” to bark at someone who lies or represents a danger. The dog does have to be trained to bark at its master’s enemies, however. These dogs are safe behind their Capitol Building fence. Should we, the people, overrun that fence, encroach upon them, revolt against their bureaucratic tyranny (what tyranny hasn’t been bureaucratic in nature) then they will bite and snap at us, attack.
They will fine us, tax us, imprison us, maybe even execute us somewhere in the unseen, but imaginable, future. We must not dither in the face of snarling, bureaucratic dogs. We have the truth of the United States Constitution to serve us in time of need.
The Constitution clearly calls for a limited, that is to say, non-bureaucratic, non-regulatory government.
Any politician, especially one running for President of the United States, who howls at the authority of the U.S. Constitution and its designation of the people as the ultimate government, is barking mad.