Yesterday, President Obama signed into law the Democrats’ trillion-dollar health care takeover, meaning that one-sixth of the United States economy has now come under the purview of the federal government.
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Keep in mind Arizona State economics professor William Boyes has estimated that the government already owns or controls about one-third of U.S. economic activity through the takeover of General Motors, the partial ownership of two of the country’s largest banks in Bank of America and Citigroup, and the seizure of mortgage giants Fannie Mae and Freddie Mac as well as AIG. Combine those two numbers, and we’re looking at roughly half of the U.S. economy.
This is not the direction we want to be heading.
I appreciate all the comments I received on my earlier post, and will pass along your sentiment to other members of congress.
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