Congressional tendrils…

I found a column by  JB Williams which gives a neat history of the damage Congress has done to the country through the vehicle of  Government-Sponsored Enterprises.     GSEs are a clever means to accomplish things which can’t be managed legislatively,  and allow Congress to avoid responsibility for the disasters they perpetrate.

It should be no surprise that Democrats have always been extremely fond of GSEs, which serve handsomely to increase the reach and power of the federal government.  Fannie Mae and Freddie Mac are but two of the GSEs which haven’t turned out well.  And of course, one must not point out that Pres.  George W. Bush sounded the warning on both entitites many years ago.