Quote:
Originally Posted by RP Fade
Im kinda on the fence about this issue. Seems like that stigma is democrats favor bigger government and more regulations while republicans favor smaller government and deregulation.
With the latest financial fiascos we are having, wouldn't it make more sense to have some kind of regulation and/or oversight committees? Would it have changed the outcome? Is part of the reason we are in this mess because of complete and systematic deregulation by the current administration? And is it possible to have regulation and/or oversight committees that wont infringe on free market principles? Is it possible to have a middle-ground between the two?
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THERE WAS REGULATION! Several of them in fact. Look up Roosevelt when you get a chance.
From wiki,
"During the Great Depression of the 1930s, Roosevelt created the New Deal to provide relief for the unemployed, recovery of the economy, and reform of the economic and banking systems.[1] Although recovery of the economy was incomplete until almost 1940, the programs he initiated such as the Federal Deposit Insurance Corporation (FDIC), Tennessee Valley Authority (TVA), and the United States Securities and Exchange Commission (SEC) continue to have instrumental roles in the nation's commerce. One of his most important legacies is the Social Security system."
He put these systems in place to insure that the Great Depression would NEVER HAPPEN AGAIN.
Somewhere along the lines one of these dumb asses started to deregulate the system.