Americans are going to get what they voted for

[exUte]

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.

[Ma'ake]

“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.

[Archaea]

Originally Posted by Ma'ake

“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.

Government is friend to big business and strangling the life out of all others. Regulation helps the bad big businesses stay in business, while stifling innovation and development.

[BarbaraGordon]

Originally Posted by Archaea

Government is friend to big business and strangling the life out of all others. Regulation helps the bad big businesses stay in business, while stifling innovation and development.

No, regulation keeps the fannies and freddies and enrons of the world from taking us to hell in a handbasket.

[Archaea]

Originally Posted by BarbaraGordon

No, regulation keeps the fannies and freddies and enrons of the world from taking us to hell in a handbasket.

That's the sales pitch made to us by advocates of big government. "Hey, look, we're good at looking for your interests."

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.

[Runner Coug]

Originally Posted by Ma'ake

“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.

I'm a bit disappointed in myself for admitting this, but I am starting to believe that the gov't has to have a role in the market. Some of those at the top simply can't be trusted to do what's right, they've proven it over and over.

[BarbaraGordon]

Originally Posted by Runner Coug

I'm a bit disappointed in myself for admitting this, but I am starting to believe that the gov't has to have a role in the market. Some of those at the top simply can't be trusted to do what's right, they've proven it over and over.

exactly. Moderation in all things.

[SteelBlue]

I think it's funny that exUte pretends he's been against the bailout all along.

[Coach McGuirk]

Originally Posted by Runner Coug

I'm a bit disappointed in myself for admitting this, but I am starting to believe that the gov't has to have a role in the market. Some of those at the top simply can't be trusted to do what's right, they've proven it over and over.

But the government can be trusted? The whole problem here we are starting to run low on good people that take stands. Free societies depend on this over any other thing. Without it, you have to rely on government to regulate your problems. That will last about as long as it takes to find a loophole, then the greed will continue, then more regulations, then more loopholes and greed.

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.

[Runner Coug]

Originally Posted by Coach McGuirk

But the government can be trusted?

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.