The current congress is the 112th, here is the makeup of the 111th, the one responsible for the recovery act, Obamacare, and many of whom were in office for TARP, etc.

Members of the 111th Congress come from a variety of occupational backgrounds. As of the start of the 111th Congress, members of Congress include:

  • 269 members (227 Representatives, two Delegates, and 40 Senators) served in state or territorial legislatures
  • 214 members (182 Representatives and 33 Senators) list their occupation as public service/politics
  • 225 (168 Representatives and 57 Senators) list law
  • 201 (175 Representatives and 27 Senators) list business
  • 94 (78 Representatives and 16 Senators) list education

And these are the people we want fixing the economy?  Mostly lawyers, doctors, and career politicians.  Since the Economy is number 1 on most of the country’s priority list, you think we’d have more politicians who have economic backgrounds or business backgrounds.  Most of congress is in fact, Lawyers, Career Politicians, Educators, Real Estate folks, etc.  Thankfully there are 175 Reps and 27 senators who at least claim to have background in business. Take that claim with a grain of salt.  The current Jobs bill is much like Tarp, The Recovery Act, etc. more Democrat legislation to bail out banks/businesses that were too big to fail.  Plenty of Republicans signed on, but the legislation was ultimately a mercantile approach to the economy. Any true free market minded politician was dramatically opposed to this and the consensus was really dynamic:

  • “I am concerned that Treasury’s proposal is neither workable nor comprehensive, despite its enormous price tag,” said Alabama Senator Richard Shelby, the ranking Republican on the committee
  • Libertarian presidential candidate Bob Barr has been one of the most outspoken opponents of the bailout. He spoke out against it while it was making its way through Congress. He took his message to the airwaves and explained the government should not toss around taxpayer dollars so easily and that government should decrease regulation and privatize Fannie Mae and Freddie Mac.
  • Democratic opponents of the bailout include Oregon U.S. Representative Peter DeFazio, who called for a modified Tobin tax on stock transactions to pay for any bailout, and California Congressman Brad Sherman, who compared the bailout to a ransom demand for “$700 billion in unmarked bills.”
  • Texas Republican U.S. Representative and former two-time presidential candidate Ron Paul publicly opposed any bailout and called for other type of reforms to remedy the crisis.
  • Ohio Democratic U.S. Representative Dennis Kucinich, a former two-time presidential candidate, delivered a speech on the House floor denouncing the bailout as “too much money, in too short of a time, going to too few people, while too many questions remain unanswered,” and asking, “Is this the U.S. Congress or the board of directors at Goldman Sachs?”
  • Former British Prime Minister Gordon Brown supported the plan, saying that it was essential to restore stability to the markets. < A big Lib if you didn’t know.  And not the John Locke kind.
  • The then presidential candidates from both major parties, Senators Barack Obama (D) and John McCain (R) voted in favor of the Senate version of the bill on October 1, 2008. Senator John McCain claimed he suspended his presidential campaign and negotiated on behalf of wavering House of Representatives members to urge them to support the legislation. < Both of these guys are big Libs.  Definitely not the Adam Smith kind.

So here we have a bunch of people who aren’t economists, and aren’t majorily business people, attempting to thwart the impending economic crisis, trying to fix it, trying to “create jobs,”  etc.

It appears to me we have a bunch of monkeys trying to put out a fire.  In the end they’re politicians who want to get re-elected.  Almost all of them are that way. Rand Paul is one of the few I can think of off hand who at least purports that he doesn’t care about what the people want, he wants to do what’s best for the country. Something more politicians need to do. Most will will do whatever sends the most money to their districts so they can campaign on that next year.

Politician X: “I know these economic times are still rough, but things are getting better. Just look at this fine $500 Million park bench.”

The 17th amendment has truly done significant damage the what was the federalist nature of our constitutional republic. Damage that probably can’t be reversed without repealing the 17th amendment. If you don’t know what I’m talking about, time for a little homework assignment.