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Old 10-12-2008, 07:40 AM
 
Location: Louisville KY Metro area
4,826 posts, read 14,309,023 times
Reputation: 2159

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The current Drudge Report (DRUDGE REPORT 2008®) points to the following article: McCain Letter Demanded 2006 Action on Fannie and Freddie - HUMAN EVENTS which is a copy of the letter from 19 US Senators in 2006 regarding the Fannie Mae/Freddie Mac issue.

I have found Drudge to be very accurate and honest to the cause. The cause being the American nation. His integrity is such that he often angers me, too.
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Old 10-12-2008, 05:05 PM
 
Location: on the edge of Sanity
14,268 posts, read 18,925,638 times
Reputation: 7982
During the past 2 debates, Obama mentioned a letter he wrote to Secretary Paulson warning him of the problems homeowners were facing. I noticed that McCain never challenged his claim, so I assumed it was true. The difference betwee the 2 candidates is that for most of his 26 years, McCain has fought against any kind of regulation.

[url=http://andrewsullivan.theatlantic.com/the_daily_dish/2008/03/obamas-prescien.html]The Daily Dish | By Andrew Sullivan (March 25, 2008) - Obama's Prescient Judgment <i>Again</i>[/url]
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Old 10-12-2008, 05:07 PM
 
Location: Louisville KY Metro area
4,826 posts, read 14,309,023 times
Reputation: 2159
Quote:
Originally Posted by justNancy View Post
During the past 2 debates, Obama mentioned a letter he wrote to Secretary Paulson warning him of the problems homeowners were facing. I noticed that McCain never challenged his claim, so I assumed it was true. The difference betwee the 2 candidates is that for most of his 26 years, McCain has fought against any kind of regulation.

The Daily Dish | By Andrew Sullivan (March 25, 2008) - Obama's Prescient Judgment <i>Again</i>
Are you suggesting regulation, aka governmental involvement, is good?
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Old 10-12-2008, 05:27 PM
 
Location: Washington DC
5,922 posts, read 8,063,439 times
Reputation: 954
Quote:
Originally Posted by tomocox View Post
Are you suggesting regulation, aka governmental involvement, is good?
Yes
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Old 10-12-2008, 06:09 PM
 
Location: Louisville KY Metro area
4,826 posts, read 14,309,023 times
Reputation: 2159
Quote:
Originally Posted by rlchurch View Post
Yes
rlchurch, while my question was not directed to you, I feel that you are wrong to just say "yes" or "no". If you answer, "yes" then you can have what China does, if you answer "no" then we'll have just a frenzy.

I will say without hesitation that the natural laws of free markets generally will take care of 99% of the issues when personal responsibility is practiced.

Regulatory governments, including American sub-divisions, that over regulate generally wind up enforcing unfairly, i.e. the sign regulations of my county are very hit and miss.
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Old 10-12-2008, 06:14 PM
 
Location: Washington DC
5,922 posts, read 8,063,439 times
Reputation: 954
Quote:
Originally Posted by tomocox View Post
rlchurch, while my question was not directed to you, I feel that you are wrong to just say "yes" or "no". If you answer, "yes" then you can have what China does, if you answer "no" then we'll have just a frenzy.

I will say without hesitation that the natural laws of free markets generally will take care of 99% of the issues when personal responsibility is practiced.

Regulatory governments, including American sub-divisions, that over regulate generally wind up enforcing unfairly, i.e. the sign regulations of my county are very hit and miss.
Free markets produce booms and busts. We're experiencing a bust right now caused by a lack of sufficient government regulation so when you ask the question, "Do we need government regulation." the answer is an unequivocal "YES" It is that simple.
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Old 10-12-2008, 06:21 PM
 
Location: Louisville KY Metro area
4,826 posts, read 14,309,023 times
Reputation: 2159
NO!!! Risk and reward are necessary. I am sorry you missed econ 101

There is nothing simple about it. At all.

Call me on January 21, 2013 and tell me where you stand, especially if BHO is elected.
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Old 10-12-2008, 06:26 PM
 
Location: Washington DC
5,922 posts, read 8,063,439 times
Reputation: 954
Quote:
Originally Posted by tomocox View Post
NO!!! Risk and reward are necessary. I am sorry you missed econ 101

There is nothing simple about it. At all.

Call me on January 21, 2013 and tell me where you stand, especially if BHO is elected.
Actually I made an A in Economics 101, 201, 301.... You haven't come close to making an economics argument either. Free markets require regulation. We've proved that empirically.
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Old 10-12-2008, 06:31 PM
 
13,053 posts, read 12,947,199 times
Reputation: 2618
Quote:
Originally Posted by justNancy View Post
During the past 2 debates, Obama mentioned a letter he wrote to Secretary Paulson warning him of the problems homeowners were facing. I noticed that McCain never challenged his claim, so I assumed it was true. The difference betwee the 2 candidates is that for most of his 26 years, McCain has fought against any kind of regulation.

The Daily Dish | By Andrew Sullivan (March 25, 2008) - Obama's Prescient Judgment <i>Again</i>
Regulation of private industry is wrong, regulation of government sponsored industry is a requirement. Notice the specific institutions in question were ALREADY government sponsored. There is a big difference here.
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Old 10-12-2008, 07:40 PM
 
Location: Some place very cold
5,501 posts, read 22,444,028 times
Reputation: 4353
Quote:
Originally Posted by tomocox View Post
The current Drudge Report (DRUDGE REPORT 2008®) points to the following article: McCain Letter Demanded 2006 Action on Fannie and Freddie - HUMAN EVENTS which is a copy of the letter from 19 US Senators in 2006 regarding the Fannie Mae/Freddie Mac issue.

I have found Drudge to be very accurate and honest to the cause. The cause being the American nation. His integrity is such that he often angers me, too.
Who cares? He voted for the bailout despite 90% of voters being against it.
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