It's Still the Bush Economy, Stupid (poll, Reed, Barack Obama, Minnesota)
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This isn't a problem of regulation versus non-regulation, we have the departments and facilities in place to regulate, however they are not doing their jobs!
The SEC had plenty of information on Madoff ahead of time and did nothing about him. The housing crisis could have been averted yet, Fannie Mae and Freddie Mac became playgrounds of corruption. More politicians need to be accountable for the misdeeds and for turning a blind eye to what they see going on around them. Cronyism and lobbyists run Washington.
The Washington Post...why should I have guessed that..just because their guy in the White House is not doing so good..it's time to drum up Bush again...good lord it's like the 1969 Mets..they just won't let it go and bury it once and for all....
It began with Gramm-Leach-Bliley, a huge mistake, which allowed banks to go into the investment business.
People want to put the blame squarely on the shoulders of the current administration, which is not accurate.
Quote:
Originally Posted by Arjay51
If you truly believe what you claim, then you can't place the blame entirely with Bush either.
But that would not allow you to feel superior in your tunnel vision world.
Quote:
Originally Posted by carterstamp
You want to add a little meat to your argument, or are you content on the insult and run factor.
Gramm-Leach-Bliley was signed by Clinton.. Not Bush, which makes it odd that you want to blame Bush, while defending Obama, while blaming a bill signed by Clinton..
First you have to understand who runs the economy.
The would be the fed and congress since they have the power to TAX.
Normally it would be the people in a capitalist society but since we are a corporatist, socialist/capitalist society I see no real freedom for the people to move the economy forward. We get poor management from big government and groups of democrats and republicans who think they run the ecnomny.
That is the problem it is all of them to blame for the idealogy to begin with.
The only thing that makes others rich, have jobs, and move forward is when people have more of their PAYCHECK IN THEIR WALLETS. high taxes and regulations on people and industry and big government programs get what you have now.
A BROKEN SYSTEM
You want to add a little meat to your argument, or are you content on the insult and run factor.
All meat supplied by you and your constant refusal to see any fault in your hero while continuing to blame every thing bad that you can on Bush, without supplying proof of your accusations.
Even you should be able to comprehend that statement.
Sorry to inform you that this deregulation plan was hatched in a conservative think tank in the 70's and implemented by Reagan (and all conservatives since). Less was more if anyone was paying attention.
Actually, Carter started deregulation. Banks, airlines, railroads, the post office, and the trucking industry were deregulated 1976-1980. Reagan deregulated ports, shipping, phone companies, cable providers, and helped promote intermodal transportation networks. The energy sector was also deregulated, and oil prices dropped like a rock in the 80s.
By the late 80s the US had one of the most efficient transportation networks on the planet, thanks to deregulation.
Last edited by Frankie117; 04-29-2010 at 09:43 AM..
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