A willful ignorance:
Miller said that if the Republicans regain control in Congress, they would turn control of the country back to Wall Street and banks and allow them to set the rules to satisfy their interests rather than those of the middle class.
"Their idea is to let the country be run from Wall Street," Miller said. "The financial crisis we had two years ago was a direct result of letting them [Wall Street] write their own rules."
What we have is a larger problem than Democrats or Conservatives; we have a Keynesian problem. Although each party points to Keynesian Theory for validation, what they really implement is Bastardized Keynesian Theory. Enticing the American public to take on debt so that they spend and keep the economy humming is Bastardized Keynesian Theory in practice. And loading debt through incentives on private citizens to stimulate the economy, although good for the Federal Balance book, leads to a citizenry unable to weather economic storms.
Brad Miller's statements above bely a willful ignorance of what has brought the US to what is quickly becoming a depression. Conveniently forgotten by Brad Miller is the fact that he and his party have incentivized "affordable homes" or "home ownership" through Fannie and Freddie and pressed interest rates down in an effort to put unaffordable loans in the hands of the people; all-the-while his party was pointing to Keynesian Theory for validation. With cheaper loans and lower interest rates many people spent beyond their means while others found a new ATM machine in their homes that was the equity in their home. With their new debt money in hand, they spent, and according the Keynesian Theory spending stimulates the economy. At least, that is what liberals thought.
Did Conservatives play a part? Yes. In that Brad Miller is correct. Like Brad Miller and his ilk Conservatives pointed to Keynesian Theory when they deregulated the financial industry. For Conservatives it was a way to put more money in people's pockets by making the loan industry more efficient and with more borrowed money in their pockets the people of America spent more. Unfortunately Conservatives had unwittingly set the Democrat debt dogs of incentivized lending loose on the American people.
Brad Miller's Myopic view of our economic malaise renders him unable to effectively lead us to prosperity. Could he ever turn his back on Bastardized Keynesian Theory?
Remember:
Over almost a century Bastardized Keynesian Theory has become the Wmap of public spending policy; it has become the dark energy behind our ever expanding national debt, and is at the heart of our current economic malaise.
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