Quote:
Originally Posted by CaptainHaplo
Now this is where you and I actually agree 100% - the bailouts should not have ever happened. If its a business in a capitalist system, then it should live and die on its own merits. I was just as against Tarp and QE/QE2 as anyone. I was against government bailouts of GM.
We can agree those were wrong. However - GOVERNMENT made those happen. Yes - the wall streeters had lobbyists - but lobbyists don't enact legislation - politicians do! The wall street crowd used the system - it was the politicians who sold us out! Thats why we conservatives say the OWS folks are protesting in the wrong place.
Where we differ - is the solution. Regulate them? Where the hell were Frank and Dodd while this happend? It was their job to be providing oversight - they didn't so now they pass laws to increase oversight. Oversight and regulation doesn't help when the people entrusted to do it are asleep at the wheel. Instead - it simply makes our economy struggle more with the burden. For the OWS crowd the answer is take from the rich. We got shafted - shafting someone else (who committed no crime - just used the system that the politicians put into place) isn't going to fix anything. Ultimately - this is a case of 2 wrong's don't make a right (which OWS would create) and while I can understand the angst of the OWS crowd, they are targeting the wrong people with the wrong solutions.
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The politicians are owned by Wall Street. Whatever changes come, they're only temporary until corporate money corrupts the next crop of politicians and so you have to get at the root of the problem. The United States has become a corporatocracy - government for the donors, by the donors. Campaign finance and lobbying money has so utterly corrupted Congress that elected officials might as well just wear "For Sale" signs around their necks. Heck, even state AG's are getting in on the act. Florida AG Pam Bondi took campaign contributions from financial firms that were at the time under investigation by her office for foreclosure fraud. How screwed up is that?
We need to take back the system where one person, one vote is the way things are done. The only way to do it is to take the corrupting influence of Wall Street money out of the equation