Tuesday, November 24, 2009

What Happened?

The democratic party has lost its way. At one point they were for fiscal responsibility.

President Andrew Jackson went on the warpath against the second Bank of The United States.

He felt, “It concentrated the nation's financial strength in a single institution.” “It exposed the government to control by foreign interests.” “It served mainly to make the rich richer.” “It exercised too much control over members of Congress.” “It favored northeastern states over southern and western states.”

I feel the same way about the Federal Reserve. The organization has undue influence on the country’s economy.

It does note help that there are people that still defending the Fed.

I feel that the Fed needs to go. Put the money in the country in control of the banks in the respective communities in the United States.

No comments: