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Monday, March 23, 2009
Star Parker :: Townhall.com Columnist
We've legalized theft in America
by Star Parker
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Yet, basic truths such as this are becoming increasingly lost in our country and this is what should be driving our outrage. That we now live in a country where our private property is no longer safe and the very government that supposedly exists to protect it has become the thief we have to worry about.

President Obama went on Jay Leno's popular Tonight Show and talked about the current crisis. Listening to him, there seems little doubt that everything started on Wall Street. "The problem is ... people were able to take huge, excessive risks with other people's money."

But, Mr. President, half the mortgages in this country are owned or guaranteed by Fannie Mae and Freddie Mac -- which were and are backed up with the money of us taxpayers. An easy flowing mortgage credit market built by politicians, by setting us taxpayers up to guarantee it all, which is what we wound up doing, is what started this whole thing.

The president and Leno bantered about electric cars and, talk about taking risks with other people's money, the president apparently sees no problem tapping into us taxpayers to finance research into these cars. "So, we're going to be investing billions of dollars in research and development around these technologies -- that's what's going to create the auto industry of the future," Obama said.

We've already used taxpayer funds to bail out auto companies. Now we're going to use them to take over their research and development functions.

Given what the International Property Rights Index shows, we might consider that because private property has become as insecure as it has in our country -- that we have really legalized theft -- that this might be what's at the root of our economic chaos.

So, we can have government-issue edicts on what executives are paid at companies that politicians bail out with taxpayer funds. Or maybe we should check if families whose mortgages we bail out are going on vacation or out to dinner.

Or we can re-direct our attention from symptoms to causes. We can recall that the founders of our country intended the role of government to protect our lives and property, not violate them. And that in times when we have respected that proper use of government, our country has prospered.

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About The Author
Star Parker is the founder and president of CURE, the Coalition for Urban Renewal & Education, a 501c3 think tank which explores and promotes market based public policy to fight poverty, as well as author of White Ghetto: How Middle Class America Reflects Inner City Decay.
 
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Reminds me of Katrina payments
Reminded me of the $2,000.00 credit card Katrina payments cut short, with the whirlwind outrage over bars and hookers.
Same old crap - as the government takes over spending on everything, they start dictating what anything and everything can be spent on.
We're already past national shame with the 22nd on the worldwide list of schooling scores when we spend 3 times per pupil of those beating us. This is of course government's wages, and now the communists have total control and power, and are taking over everything else they can get their greedy corrupt paws on.
Expect bigger and bigger disasters on down the road - and more and more takeovers - while the loons blame it all on you, the republicans.
LOL
You are OWND.

LaLa Land
The very definitionof insanity is doing the same thing over and over and expecting a different outcome. Your opinion piece is just hyperbole and nonsense; you seem to excuse the excesses of the past. Most most of us know that things need to change and what we have done is the past is no longer working and probably won't except for the very rich among us. I am unwilling to except the status quo.

You might want to read Chris Hedges article on CommonDreams.org, "America is in need of a moral bailout".
Maybe you might get some compassion for others not as well off as yourself [and who haven't quite figured out what happened to them and their neighbors}] as well as some insight into the root cause of so many problems at the top of our financil instutitions.
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