11-10-2008, 05:12 PM | #1 |
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Americans are going to get what they voted for
http://money.newsmax.com/streettalk/...mo_code=70C9-1
More government? That's the solution! Ohbama may go down as the worst president......and he isn't even the president yet. Yeah, I know, I'm racist because I think his policies are screwed up.
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11-10-2008, 11:56 PM | #2 |
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“the pendulum will swing — and should swing — toward an enhanced role for government in saving the market system from its excesses and inadequacies.”
I guess I'm having a hard time understanding why this is such a noxious statement. Laissez Faire has had its day & look where we are. Even Greenspan was stunned at how poorly self interested parties policed themselves. |
11-11-2008, 12:05 AM | #3 | |
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11-11-2008, 12:14 AM | #4 |
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No, regulation keeps the fannies and freddies and enrons of the world from taking us to hell in a handbasket.
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11-11-2008, 12:22 AM | #5 | |
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The theory sounds nice if only it worked that way. And there's a price to pay for everything. Regulations cost money, and lots of it to comply with. So I suppose in theory, they may slow down some of the charlatans. But heavy regulation also becomes increasingly costly creating undue barriers to entry. These are to what I object. For example, in Nevada, but not in all gaming locations, the Nevada Gaming Control Board, charges its employee rate to investigate anybody seeking a unlimited gaming license as a participate. Typical costs run from $50,000 to $100,000 for the cost of the investigation. It weeds out the poor people. So big government regulation is usually anti-competitive and anti-start ups.
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11-11-2008, 12:30 AM | #6 | |
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11-11-2008, 12:32 AM | #7 |
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exactly. Moderation in all things.
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11-11-2008, 12:54 AM | #8 |
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I think it's funny that exUte pretends he's been against the bailout all along.
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11-11-2008, 01:33 AM | #9 | |
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By the way, I might be part of the problem. I need to internalize what I do a little more....yep, I am part of the problem.
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11-11-2008, 02:17 AM | #10 |
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Hence the reason I said I'm disappointed in myself for saying that.
I don't know the answer. Everything that I believe in says that gov't should get out of the way of the market. The problem is that when oversight is withdrawn, a bunch of greedy bastards run companies that employ hundreds of thousands of people into the ground. |
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