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Tea, Anyone?

I witnessed the many images of real Americans protesting the current fiscal irresponsibility of our government.  The “Tea Parties” displayed a wonderful array of people concerned about the economic futures of themselves and their children.  What a great testament in opposition to those who say Americans do not really care about current events and fiscal matters!

Although I have not yet decided as to whether I support the Tea Party movement, I think if it remains true to its causes, it is probably a good thing.  I credit the Obama administration for taking action to tackle the recession and the financial mess on Wall Street.  But I think that the Tea Party movement which brings to light how America has been fleeced by both parties via bailouts is a great wake up call to Washington.  It is a great reminder to those in power that America believes in BOTH personal and financial freedoms; and that America cares about the future of its children.  We especially do not want to see our children excessively taxed to pay for bailouts caused by greed.
Some regulation of the residential mortgage industry is needed to avoid another housing bubble.  Additional regulation is probably needed to prevent our banks from creating other unsustainable asset bubbles.  But let us avoid having the government’s foot in the doors of our banks and businesses.  History has proven that private ownership of the means of production has brought greater wealth to the world than socialism.  While there will always be bumps in the roads of financial markets, we need those financial markets to be free from as much government intervention as possible.  So please tell your representatives to avoid over-reacting to a temporary circumstance.
  

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