"The private sector got us into this mess. The government has to get us out of it," said Barney Frank, which illustrates why conservatives often say liberals have a socialist bent.
Free market conservatives understand that many problems have been caused by government's officious intermeddling in the private sector. The subprime mortgage crisis is no exception.
History has shown that liberal prescriptions don't work, but when they fail, liberals invariably not only deny responsibility for their do-gooder manipulation but also insist on even more government intrusion. Think of it as "the hair of the dog" remedy on steroids.
For example, many of our health care problems can be traced to increased government control and the reduction of market forces. Yet the liberal solution is full-blown nationalized health care. Never mind that it doesn't work anywhere in the world and always leads to waiting lines and inferior health care. Never mind that the United States has the best health care in the history of the world, notwithstanding admittedly serious problems.
Another example is Social Security. Instead of creating a trust fund segregated from general revenues, congressional liberals with an insatiable appetite for spending raided Social Security revenues from day one. The system has been one big Ponzi scheme funded by IOUs from one arm of government to another. Bill Clinton and Al Gore had the audacity to propose a "lockbox" to secure Social Security, when their ideological predecessors happily breached their promise for the original lockbox.
But what did liberals do when President Bush proposed that people be allowed to set a portion of their Social Security funds aside in private accounts? They called it a risky scheme to benefit Wall Street. Barack Obama is the latest in a long line of liberal demagogues to make this claim, but his ad on this subject was so distorted as to earn a reprimand from FactCheck.org.
When liberalism causes a problem, by all means, don't allow the natural equalizer of the free market to cure it. Insist on more government intervention under the theory that the problem is a result of too little government. It's kind of reminiscent of the Marxist promise of the withering away of the state, is it not? Just give us totalitarian control and we'll eventually unshackle the proletariat from government bondage. Right. There's also a bridge to the Kremlin they'd like to sell you.