Actually Sway, it's just the appearance of "saving" the economy that matters. Don't have to actually do anything more than be in office at the time, to take the credit,
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John
Ontario 32 - Aria
Free, is the heart, that lives not, in fear.
Full, is the spirit, that thinks not, of falling.
True, is the soul, that hesitates not, to give.
Alive, is the one, that believes, in love. JCP
This thread is so much fun to watch for us anarchists...
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Sailingdog Telstar 28
New England
You know what the first rule of sailing is? ...Love. You can learn all the math in the 'verse, but you take
a boat to the sea you don't love, she'll shake you off just as sure as the turning of the worlds. Love keeps
her going when she oughta fall down, tells you she's hurting 'fore she keens. Makes her a home.
—Cpt. Mal Reynolds, Serenity (edited)
If you're new to the Sailnet Forums... please read this POST.
It occurs to me that, in my denigration of Obama's seemingly lost promise of change, that it might be construed that I am against change in matters of the Federal government and this is hardly the case. My objection, at heart, to the promise of an Obama administration is not to change itself but to the fact that the desired change seems to be in the direction of more of the government problem we've already to much of. Expanding government, and it's reach, is not change, it's just expansion.
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“Scientists are people who build the Brooklyn Bridge and then buy it.” Wm. F. Buckley, Jr.
most of us who have gotten our quarterly retirement fund statements sure do wish the government had expanded a bit in the direction of regulating the insane excesses of the financial wizards on Wall St. The meltdown didnt come out of the clear blue sky - It came because the government decided to "let the markets self-regulate". One of the ways markets do that is with periodic crashes. Most of us dont like that. I bet you dont either. This didnt have to happen and we need to expand the regulation enough to make sure it doesnt happen again.
So you want the government to guarantee investments now? Markets are cyclical, they go up, they go down. You don't get the gain, if you aren't willing to take the pain. (I didn't hear anyone complaining when they were making the big bucks on their retirement accounts)
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John
Ontario 32 - Aria
Free, is the heart, that lives not, in fear.
Full, is the spirit, that thinks not, of falling.
True, is the soul, that hesitates not, to give.
Alive, is the one, that believes, in love. JCP
most of us who have gotten our quarterly retirement fund statements sure do wish the government had expanded a bit in the direction of regulating the insane excesses of the financial wizards on Wall St. The meltdown didnt come out of the clear blue sky - It came because the government decided to "let the markets self-regulate". One of the ways markets do that is with periodic crashes. Most of us dont like that. I bet you dont either. This didnt have to happen and we need to expand the regulation enough to make sure it doesnt happen again.
You might wander over to the market crash thread. There is ample evidence that the regulation was, in fact, adequate and that the proximate cause of the collapse was other government forces demanding that bad paper be issued to untrustworthy mortgage risks.
As the Beezer says, I doubt we heard you squawking about double digit returns from the market under self-regulation the last decade or so. Typical lib...you're only willing to accept the existence of sunny days. And it's government's job to keep the clouds away. You'd love Canada.
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“Scientists are people who build the Brooklyn Bridge and then buy it.” Wm. F. Buckley, Jr.
Free, is the heart, that lives not, in fear.
Full, is the spirit, that thinks not, of falling.
True, is the soul, that hesitates not, to give.
Alive, is the one, that believes, in love. JCP
Have to wonder if perhaps the One was breathing a sigh of relief about the returns from Georgia last night. Since the Dems can't get to 60 now in the Senate, he can let the GOP do his dirty work on anything he doesn't particularly want to sign into law, but not veto.
Was interesting that Chamblis almost tripled his total over Martin.
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John
Ontario 32 - Aria
Free, is the heart, that lives not, in fear.
Full, is the spirit, that thinks not, of falling.
True, is the soul, that hesitates not, to give.
Alive, is the one, that believes, in love. JCP
I am very glad you guys arent in charge of financial regulation. I would class you in the category "not sane" if you think that crashes like we are experiencing are a just fine, perfectly OK thing that we should do nothing about. Fortunately, you are outnumbered. And since you asked, yes, I and many others would happily take lower profits in the good years if that meant we could avoid events like we are having now.
Again, this didnt have to happen. It was predictable. And we can and should prevent a recurrence.
I am very glad you guys arent in charge of financial regulation. I would class you in the category "not sane" if you think that crashes like we are experiencing are a just fine, perfectly OK thing that we should do nothing about. Fortunately, you are outnumbered. And since you asked, yes, I and many others would happily take lower profits in the good years if that meant we could avoid events like we are having now.
Again, this didnt have to happen. It was predictable. And we can and should prevent a recurrence.
If it was so damn predictable, it wouldn't have happened. Where do you get the cockamamie idea that government can somehow regulate profits so that we do not have either recession or market downturns?
As usual, if it's possible to misinterpret something, you will do so.
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“Scientists are people who build the Brooklyn Bridge and then buy it.” Wm. F. Buckley, Jr.
