Submitted by Steve Blue, Oct 19, 2007 16:01

Great article and I could not agree more. I am against the Keynesian approach and the Freidman approach. We have economist in America who believe that interest rate fluctuation benefits Americans. Interest rate fluctuations become a cop out for lazy politicians to get out of addressing real issues. That is why there is no accountability in government. The reason why gold has outperformed the U.S. dollar is because the foreigners that own our U.S. Treasury Bills and Bonds also own gold. I was in the airport yesterday and I pick up a Time magazine article and Chief Justice John Roberts was on the front cover. How does this play into the discussion of interest rates and the devaluing of the U.S. Dollar. CNN conveniently focuses on the U.S. Congresses approval rating which is pathetic and President Bush's approval rating, CNN never talks about the quietly kept Supreme Court. The Supreme Court decided the 2000 Presidential Election and Americans tend to forget that. If the Supreme Court is going to play such a crucial role in American society they should have the number of justices to challenge the garbage that comes out of the U.S. Congress and the White House at times. I am an Iraq War Veteran and I will be the first to say that a strong and correctly odd numbered Supreme Court could have struck down the patriot act and all the illegal signing memos that Alberto Gonzales and the OLC crafted.

In America our U.S. Constitution has Article 1 the U.S. Congress, Article 2 the President of the United States of America and Article 3 the Supreme Court. Which are all suppose to be equal branches of government. The role of the Supreme Court is to check and challenge the powers and roles of the U.S. Congress and the President of the United States of America. We do not need a court similar to the U.S. District Court in San Francisco, but we do need a larger U.S. Supreme Court that better fits the current state of the U.S. The U.S. Constitution calls for the U.S. Congress to create legislation that evolves the country to better fit the needs of the citizens. I will take things back to 2000 in Gore v. Bush when the Supreme Court stopped plans for a recount of the Florida presidential ballots. During this process the U.S. Congress which is made up of a great deal of lawyers (Clinton and Obama) did nothing. The constitution calls for judicial review and if need be judicial review by the American public which did not take place in Gore v. Bush. So if the U.S. Supreme Court can step in for Gore v. Bush then the U.S. Supreme Court could have stepped in with regards to the patriot act and the illegal invasion of Iraq. The U.S. dollar is worthless, because our current elected and appointed government is worthless. The power of this nation is concentrated in a few people regardless of political affiliation and the founding father's belief of "We the people" means nothing today. Warrant less wire types are just as dangerous as pointless Friedman interest rate cuts by Dr. Bernanke. With all do respect to Dr. Bernanke, because his agency reported on the real cause of the sub prime and housing crisis which was predatory lending on minorities and people with bad credit. Which according to Governor Spitzer of New York and his comments on Bloomberg TV "I don't believe that there was any wrong doing by lenders". Well that puts Mr. Spitzer at odds with the economist at the U.S. Federal Reserve Board. My point is unlike President George W. Bush and others that claim there is a need to provide federal funding to homeowners who have subprime problems. First there is a surplus of Americans who need homes in America just look at Chicago and New York's inner city. So President George W. Bush in economics that means there is a demand for housing. Considering Josh Bolton's background I am sure he could figure that one out. Next no one is arguing that there is not a surplus of house on the market for sale. The question is do America shot themselves in the foot and bail out mortgage lenders or do they allow the cost of these houses to fall to an equilibrium where low income and middle class Americans can afford these homes. Common sense would tell you, your already paying taxes for low income families "a path to independence" would do some good. President George W. Bush and Governor Eliot Spitzer the surplus of houses equal supply. To Chief Justice John Roberts, Dr. Ben S. Bernanke and members of the U.S. Congress this does not equal a crisis and therefore the past two Freidman style rate cuts were unconstitutional and put Americans welfare overall in jeopardy. For our politicians who are currently on autopilot take a hard long look at Governor Spitzer's Albany, New York. Behind his Governor's mansion on Eagle Street sits two unique sits of housing projects Morton Ave and Green Street projects. Mr. Spitzer and Mr. Bush those are the people who create your demand for the surplus of houses that are currently on the market. Mr. Spitzer is too concerned with granting people who are not even from America driver's licenses. My petition is coming next week on rebuke of Governor Spitzer's Driver's Licenses policy I hope you all will sign it .

Steve

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