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re: Ron Paul: "Bernie is the Most Pro Free-Market Candidate"
Posted on 2/28/16 at 6:49 am to cas4t
Posted on 2/28/16 at 6:49 am to cas4t
quote:
Lol any libertarian that thinks less government is actually better is blind to what man does when deregulation occurs. FDA, Flint MI, 2008 housing, 2008 WORLD ECONOMY crash
Lol at people who think 2008 was a result of less regulation. Ever heard of the Community Reinvestment act? The Fed? Fannie Mae? Freddie Mac?
We had all of these factions of the government working with the intent of manipulating the market. Then when it all blows up in their faces, it's because we have too much of a "free market."
This post was edited on 2/28/16 at 6:51 am
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Posted on 2/28/16 at 8:08 am to The Sultan of Swine
quote:
Lol at people who think 2008 was a result of less regulation. Ever heard of the Community Reinvestment act? The Fed? Fannie Mae? Freddie Mac?
We had all of these factions of the government working with the intent of manipulating the market. Then when it all blows up in their faces, it's because we have too much of a "free market."
Ever heard of the concept from the Clinton presidency that every American deserves a home?
It was his administration that made those entities make loans to people with no down payment.
Posted on 2/28/16 at 10:23 am to The Sultan of Swine
quote:
Lol at people who think 2008 was a result of less regulation. Ever heard of the Community Reinvestment act? The Fed? Fannie Mae? Freddie Mac?
I'm not sure what conclusions you've drawn from my post, but I made it pretty clear government was at fault as well. I don't feel like diving into what I think government should do, but I think we all realize government and banking are not only in bed together, but they're having an orgy.
quote:
Look, we elect these people to govern. Just keep elected officials honest and everyone wins. But putting decisions in the hands of corporate America is not the frickin answer because we are inherently selfish. It's human nature. Make elected officials do their job by keeping a microscope on them. Deregulation isn't the answer. Paying attention is!
Credit rating agencies, SEC officials corruption, fed takeover of fannie mae/freddie mac, bailouts, etc.. I know government screwed the pooch. But to act as though deregulation is the answer is imprudent and ignorant. You don't just throw the rule book away when the the guys who wrote it break their own rules.
We do have the power to elect the right people and hold them accountable. I may think Bernie Sanders is half batshit with how he plans to fund healthcare and some of his other stances, but the man has one thing right; the financial industry and big corporate America need a revolutionary change and it has to start with government. They've become one in the same.
This post was edited on 2/28/16 at 10:44 am
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