Question about economy and regulation/deregulation

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  • RP Fade
    Confirmed User
    • Sep 2003
    • 3343

    #1

    Question about economy and regulation/deregulation

    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?

    Just can't believe nobody saw this coming or that their is any kind of accountability as well. I mean the Lehman Bros CEO took a $22 Million bonus back in March/April of 2008 I heard and assured the shareholders and board that the company was financially sound.

    I'd like to hear from both sides, seems like a lose-lose no matter what.
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  • Just_Dave
    Its almost time
    • Dec 2002
    • 13009

    #2
    very good topic buddy , this is going to be a interesting thread

    Comment

    • pocketkangaroo
      Confirmed User
      • Jan 2005
      • 8452

      #3
      The part about Republicans wanting smaller government is simply not true. They have expanded our government more than almost any administration in history. They also just nationalized the mortgage and insurance industries. The small government bullshit is just to grab some votes from hicks who think the FBI is going to storm down their door and steal their gun.

      Comment

      • notoldschool
        Confirmed User
        • Aug 2007
        • 5687

        #4
        Originally posted by pocketkangaroo
        The part about Republicans wanting smaller government is simply not true. They have expanded our government more than almost any administration in history. They also just nationalized the mortgage and insurance industries. The small government bullshit is just to grab some votes from hicks who think the FBI is going to storm down their door and steal their gun.
        I agree completely.
        No doubt one may quote history to support any cause, as the devil quotes scripture.
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        http://www.bjpenn.com

        Comment

        • mikeyddddd
          Viva la vulva!
          • Mar 2003
          • 16557

          #5
          Originally posted by pocketkangaroo
          The part about Republicans wanting smaller government is simply not true. They have expanded our government more than almost any administration in history. They also just nationalized the mortgage and insurance industries. The small government bullshit is just to grab some votes from hicks who think the FBI is going to storm down their door and steal their gun.


          Comment

          • RedShoe
            赤い靴 call me 202-456-1111
            • Feb 2001
            • 14831

            #6
            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?

            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.

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            • TTiger
              Confirmed User
              • Mar 2002
              • 3030

              #7

              Comment

              • Darkland
                Confirmed User
                • May 2002
                • 1488

                #8
                Originally posted by RedShoe
                "One of his most important legacies is the Social Security system."
                You mean it WAS until Truman got his hands on it and turned it from an Independant Agency into another government cookie jar.


                "The towers are gone now, reduced to bloody rubble, along with all hopes for Peace in Our Time, in the United States or any other country. Make no mistake about it: We are At War now -- with somebody -- and we will stay At War with that mysterious Enemy for the rest of our lives." H.S.T. 09/12/01

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                • mikeyddddd
                  Viva la vulva!
                  • Mar 2003
                  • 16557

                  #9
                  Originally posted by RedShoe
                  THERE WAS REGULATION! Several of them in fact. Look up Roosevelt when you get a chance.

                  Somewhere along the lines one of these dumb asses started to deregulate the system.
                  Research Phil Gramm and the Gramm-Leach-Bliley Act. Then, check out Wendy Gramm heading the Commodity Futures Trading Commission and her connection with Enron.

                  Comment

                  • badmunchkin
                    Confirmed User
                    • Feb 2003
                    • 3797

                    #10
                    Deregulation is not about smaller govt. it was just a ploy so they could engage in dirty backroom futures trading with no regulation - the rich getting richer. Republicans are not about smaller govt. they are only about making themselves and their buddies as much cash as possible in the least ethical way.

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                    Comment

                    • Paul Markham
                      Too old to care
                      • Jun 2001
                      • 52942

                      #11
                      Originally posted by badmunchkin
                      Deregulation is not about smaller govt. it was just a ploy so they could engage in dirty backroom futures trading with no regulation - the rich getting richer. Republicans are not about smaller govt. they are only about making themselves and their buddies as much cash as possible in the least ethical way.
                      Very true. Even when they break the rules and get caught they are not penalized as they should be. The Enron fiasco shows what they can get away with.

                      This so called "Free Market" is not free. It costs money. The people who pay are the tax payers, pension holders and house buyers. This $700 billion bale out is not coming out of GWB's pocket, it's coming out of normal Americans pockets. Sadly Obama will be in power when it needs to be collected. Will America remember who created the debt?



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