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The Danger of Populism in Big Groups
Then, I read about the chance the Tea Party groups would be expanding their target lists to larger institutions such as Wall Street and I knew populism was rearing its ugly head. This form of populism is pitting common folk against the elites of the financial industry. Tea Party members need to understand: It is not the big corporations or the banks that caused the financial catastrophe but the government imposing itself on these sectors of our economy. The government imposed hefty regulations on housing institutions to make more, risky loans to unreliable lenders. The Federal Reserve continually manipulates our credit, which affects the power of banks. Even the failing automotive firms have been prey to imposed labor laws and emissions standards.
The Tea Parties are a fantastic idea, developed by Americans for Americans, but only because they were focused and on point with the issue, the government issue. If they splinter with populism, they lose the only real chance at stopping these government-expanding bills from becoming a reality. I certainly hope those angry at the companies understand those firms were chained by our government and that by changing policy and those making the laws will ensure bailouts never happen again. Remember, regulation is killing our productivity and our entrepreneurship. Business and Free-Trade is the way to revive the economy. So at the next protest, the next townhall meeting, the next press conference, stand up and fight for a handcuffed government, not a shackled economy.
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