Quote:
Originally Posted by mookiemookie
I deal with economics for a living and with all due respect, I'll pass on taking lessons from bloggers who don't understand even the basics of statistics and who can get something as simple as a yearly population adjustment wrong. Ideologues aren't who I go to for an understanding of economics.
Idiocy like the repeal of Glass Steagall was "government getting out of the way of business." It's not the answer to all of our economic ills and can have unintended consequences that are just as bad as excessive regulation.
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I totally agree that Glass Steagall repeal was a horrible mistake. Yes, total deregulation leads to abuse. We can agree there.
However, one can point to regulation that is in place, but not actually done - like what occured with Fannie/Freddie - that shows yet another side to the problem.
We do not need more laws or regulations in this country. If we enforced the ones we have - at least we would have a baseline on what works and what doesn't - but politicians are more about making new rules and giving themselves more power than they are about using what they have to the benefit of the country.
To fix the country - you have to change that fact - and that means the culture in Washington - on both sides - has to change.
Which leads back to the point - unemployment is over 15%, Obama is engaged in crony capitalism at its worst, the government is doing its best to "pick" who survives and who doesnt in the business world, all while they mandate how private businesses will work and what we the citizens must purchase....
Say what you want about the "evil" republicans - but the above isn't what this country is supposed to be - and supporting Obama does nothing more than support more debt, a failing economy that rewards failure with bailouts and leaves the "working" class to die on the vine and more "programs" that waste what money we have.
Think about that when you go vote in November.....