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Old 02-28-2009, 01:52 AM
 
27,903 posts, read 34,362,134 times
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Originally Posted by ParkTwain View Post
I see that you've quoted Ronald Reagan, and a fine economist he was!
Tennessee Valley Authority - Wikipedia, the free encyclopedia
Enough to have the greatest landslide in American history. The largest growth of American history. Hey I'm sure anything posted other than an ardent socialist wouldn't get you giddy.
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Old 02-28-2009, 02:09 AM
 
Location: The Planet Mars
2,150 posts, read 2,305,769 times
Reputation: 523
Quote:
Originally Posted by Davart View Post
When has Government ever been involved in anything and didn't make a mess if it? Name one time.
How about NASA? It's totally funded by government dollars - it is a government agency - and over the years they have done some pretty remarkable things...

How about the inter-state highway system? It has served us very well.... It is in dire need of repair and modernization - but it was a tremendous success story.
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Old 02-28-2009, 05:07 AM
 
12,870 posts, read 13,116,152 times
Reputation: 4453
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Originally Posted by mrbob View Post
I understand your point - I'm a little concerned about some of the members of his team also...

But Obama is setting direction now - and I'm hearing more and more of his economic team coming up with recommendations on a regulated market for derivatives, increased margin trade requirements, more stringent reserve requirements for banks and hedge funds...

I think in a few weeks we'll both be pleasantly surprised when his team reports on their recommendations..
if you look at my post on gary gensler in the business forum, you can see that obama is still headed in the wrong direction with his appointments. people just cannot keep defending a man who is putting the foxes in to guard the henhouse and think this is going to have a happy ending. madoff is not in jail, stanford is not in jail and there are other hedge funds still pulling the same stunts with impunity right now.
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Old 02-28-2009, 06:10 AM
 
Location: The Planet Mars
2,150 posts, read 2,305,769 times
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Quote:
Originally Posted by floridasandy View Post
if you look at my post on gary gensler in the business forum, you can see that obama is still headed in the wrong direction with his appointments. people just cannot keep defending a man who is putting the foxes in to guard the henhouse and think this is going to have a happy ending. madoff is not in jail, stanford is not in jail and there are other hedge funds still pulling the same stunts with impunity right now.
He's only been in office one month...

Bush left many many many problems for him to fix... don't expect quick action on all of them at once...

I am confident you will be pleasantly surprised with Obama's accomplishments 2 years from now.
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Old 02-28-2009, 06:30 AM
 
Location: Yucaipa, California
9,721 posts, read 18,365,866 times
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Wall street is VERY upset.Those crooks got away with alot for many years.The Obama admin is going in the right direction.The party is over for wall street.Its about time!
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Old 02-28-2009, 11:18 AM
 
27,903 posts, read 34,362,134 times
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Originally Posted by eagle7 View Post
Wall street is VERY upset.Those crooks got away with alot for many years.The Obama admin is going in the right direction.The party is over for wall street.Its about time!
You must not realize that wall street and people 401ks are one in the same. Wallstreet over = peoples retirements over. Good idea for the likes of Saul Alinski.
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Old 02-28-2009, 11:23 AM
 
Location: The Planet Mars
2,150 posts, read 2,305,769 times
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Quote:
Originally Posted by BigJon3475 View Post
You must not realize that wall street and people 401ks are one in the same. Wallstreet over = peoples retirements over. Good idea for the likes of Saul Alinski.
What you obviously do not realize is that the prior administration's method of dealing with Wall Street did not succeed - in fact - it resulted in a once in a century spectacular economic disaster...

Soooo, we should NOT repeat the mistakes of the past.

We've been weakening regulation of business ever since Reagan - and went way overboard when Dubya was 'The Decider'....

A round or two of tighter regulation is strongly needed to get us on the right path to prosperity.
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Old 02-28-2009, 11:29 AM
 
27,903 posts, read 34,362,134 times
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No, I realize no human on earth or group of humans can legislate enough to solve human ingenuity. Never has and never will... No matter how many MSNBC actors say so...
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Old 02-28-2009, 12:03 PM
 
Location: Here
10,864 posts, read 11,910,562 times
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Quote:
Originally Posted by BigJon3475 View Post
No, I realize no human on earth or group of humans can legislate enough to solve human ingenuity. Never has and never will... No matter how many MSNBC actors say so...
Stop raining on mrbob's parade.
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Old 02-28-2009, 06:32 PM
 
1,315 posts, read 1,443,509 times
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I agree with the OP completely...

It is years too late, but at least Obama is reigning in the forces of greed that led to the greatest economic disaster this country has faced in the last 3 generations...

If we had some leadership calling for much needed government oversight of Wall Street and the banking sector 5 years ago, we wouldn't be in the mess we are today.
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