When choosing between two evils, I always like to try the one I've never tried before. - Mae West

MorisUkunRasik · World's Strongest Millionaire

So stupid old conserv. republican at work

john31584 · Zinc Saucier

I'm glad it didn't go through.

MorisUkunRasik · World's Strongest Millionaire

As am I.

DEATHPIGGIE · I'm fat and nobody likes me

Yes, thank goodness.

MorisUkunRasik · World's Strongest Millionaire

Dexter · Worst Poster of Always

I'm glad it didn't pass as well. The dow took a serious hit but that's wall street's fault, not ours.

MorisUkunRasik · World's Strongest Millionaire

and we'll still feel the consequences

Dexter · Worst Poster of Always

Of course we will, and we have been, it's lack of ethics and deregulation that caused this crisis though, not wall street running out of money, and I highly doubt giving them MORE money is going to change anything - it'll just be more of the same.

MorisUkunRasik · World's Strongest Millionaire

I can't completely agree with that.

DEATHPIGGIE · I'm fat and nobody likes me

What caused this was far too much government meddling and intervention in the name of equality.

Dexter · Worst Poster of Always

DEATHPIGGIE wrote:

What caused this was far too much government meddling and intervention in the name of equality.

I'm sorry, are we looking at the same administration? All Bush has done is deregulate and look at where it's gotten us. He hasn't meddled in anything, if anything he hasn't meddled enough. Getting rid of ethical reforms and deregulating the industry has been yet another blunder of the Bush administration that we will be suffering from for the rest of our lives.

MorisUkunRasik · World's Strongest Millionaire

The government taking financial discrimination away from lending is such a mind numbingly bad idea. Some people shouldn't own a home, some people shouldn't own a new car.

john31584 · Zinc Saucier

Dexter wrote:

DEATHPIGGIE wrote:

What caused this was far too much government meddling and intervention in the name of equality.

I'm sorry, are we looking at the same administration? All Bush has done is deregulate and look at where it's gotten us. He hasn't meddled in anything, if anything he hasn't meddled enough. Getting rid of ethical reforms and deregulating the industry has been yet another blunder of the Bush administration that we will be suffering from for the rest of our lives.

I'm sorry but you don't know what you're talking about.

MorisUkunRasik · World's Strongest Millionaire

Dexter wrote:

DEATHPIGGIE wrote:

What caused this was far too much government meddling and intervention in the name of equality.

I'm sorry, are we looking at the same administration? All Bush has done is deregulate and look at where it's gotten us. He hasn't meddled in anything, if anything he hasn't meddled enough. Getting rid of ethical reforms and deregulating the industry has been yet another blunder of the Bush administration that we will be suffering from for the rest of our lives.

sounds like you're getting your information from scrolling text at the bottom of a tv screen.

john31584 · Zinc Saucier

Also, the president lacks the power to regulate or deregulate anything. You may recall from 8th grade civics that we have 3 branches of government with distinct responsibilities, the boundaries of which they cannot cross (in theory).

Dexter · Worst Poster of Always

Let's take a look at history. When the stock market was first around there was no regulation and what did it do - IT CRASHED! Holy hell! And now what's happened, regulation is gone and, WHAT'S THAT? It's Mother Fucking crashing again!

The government might have had a hand in the housing crisis but what is happening now isn't a direct result of that, it's a direct result of deregulation.

Simply, powerful business interest can influence the free market, and government regulation and reform should protect the free market from that influence, not change the function of the market.

I know what I'm talking about, KTHX!

Dexter · Worst Poster of Always

john31584 wrote:

Also, the president lacks the power to regulate or deregulate anything. You may recall from 8th grade civics that we have 3 branches of government with distinct responsibilities, the boundaries of which they cannot cross (in theory).

He has the power of Veto, a power this president rarely uses (only in cases of denying health care to children it seems) which means he's responsible for laws passed during his presidency and reforms he has signed. He cannot introduce law but he signs bills into law.

Dexter · Worst Poster of Always

Also, the President's treasury secretary is the one who has started most of these policies and guess what! HE'S APPOINTED BY THE PRESIDENT!

john31584 · Zinc Saucier

The fact is, government policy forced or strongly encouraged banks to lend to people they otherwise wouldn't have, in the name of egalitarianism.

Government meddling caused this mess, and more government meddling is not going to fix it.

Dexter · Worst Poster of Always

john31584 wrote:

The fact is, government policy forced or strongly encouraged banks to lend to people they otherwise wouldn't have, in the name of egalitarianism.

Government meddling caused this mess, and more government meddling is not going to fix it.

It's not government meddling that's the problem - it's inappropriate government meddling that has caused some, but not all of the problems. Without government regulation we'd have an extremely volatile market. Capitalism without regulation becomes feudalism where the rich get richer and the poor get poorer and there is no middle class. There's a reason why oil barrens and the early monopolies were broken up was because they were too powerful. Right now we're allowing the same thing to happen with deregulation and then bailing them out.