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mookiemookie · 03-10-12, 04:43 PM

Poor article. It cherry picks a few examples that may or may not be accurately described (a florist exam that "some" describes as harder than the bar? Who are these mysterious "some?"), and uses that to make a blanket statement about all startup business in the U.S.

Regulation is necessary, but there's a middle ground. Too little is just as bad as too much. Look what happened when regulators looked the other way on credit default swaps. You end up with things like AIG. Look what happened when the Fed refused to enforce prudent lending standards. You end up with a slew of loans made to those who could never afford them.

Is the American dream dead? The OECD finds that social mobility in America is now lower than in Europe. The middle class is eroding away, opportunities to improve oneself are becoming crushed under spiraling tuitions and slashed student loan programs. Land of opportunity, indeed. Maybe we should rename it the European dream?

03-10-12, 04:43 PM	#2
mookiemookie Navy Seal Join Date: Nov 2005 Location: Houston, TX Posts: 9,404 Downloads: 105 Uploads: 1	Poor article. It cherry picks a few examples that may or may not be accurately described (a florist exam that "some" describes as harder than the bar? Who are these mysterious "some?"), and uses that to make a blanket statement about all startup business in the U.S. Regulation is necessary, but there's a middle ground. Too little is just as bad as too much. Look what happened when regulators looked the other way on credit default swaps. You end up with things like AIG. Look what happened when the Fed refused to enforce prudent lending standards. You end up with a slew of loans made to those who could never afford them. Is the American dream dead? The OECD finds that social mobility in America is now lower than in Europe. The middle class is eroding away, opportunities to improve oneself are becoming crushed under spiraling tuitions and slashed student loan programs. Land of opportunity, indeed. Maybe we should rename it the European dream? __________________ They don’t think it be like it is, but it do. Want more U-boat Kaleun portraits for your SH3 Commander Profiles? Download the SH3 Commander Portrait Pack here.