> So you are all for spending all this money to set up an agency that you
> admit will not fix the financial institutions at all. Guess you need
> to explain the logic of spending even more money we don't have to create
> an agency that will not work and that we know going in will not work but
> your complaint is that the Republicans ignored the problem.
The fact is that Republicans could have done something about it when
in power, but didn't. Instead they relied on de-regulation and let the
free market run wild.
And this is what the American people got for it:
Bush Jr. signed into law a $700 billion bailout that he refused to
call a bailout. Much in the same way that he refused to put the Iraq/
Afghanistan wars on the federal budget which led to a trillion $ debt.
> In fact the
> Republicans spent 8 years trying to get the Dems to actually admit that
> the problem existed and help do something about it to no avail. Dodd,
> Kennedy, Obama, Waters, Lewis among others all worked their buns off to
> keep the Republicans from actually doing anything and their media
> buddies and buddies at FM/FM helped them along. Now you are
> complaining that doing nothing should be trumped by spending big bucks
> to do nothing. Makes perfect sense to somebody but not me.
Your logic is that if you don't see the debt, it isn't there.
No my friend, you can't buy things AND have a tax cut for nothing.
The fact that financial institutions need policing is going to cost
something...there's just not any other way around that fact.
Republicans and Libertarians don't believe in regulating or paying to
regulate financial institutions....to their own, and the peril of the
country unfortunately.
Ideologues are simply wrong on this issue. It's been proven multiple
times over multiple generations that deregulation isn't the answer for
every problem.
Who was it that said; "I don't give people hell. I just tell them the
truth and they think it's hell"?
Don't be afraid or paranoid little boy. That's not a very American
trait.
--
Thanks for being part of "PoliticalForum" at Google Groups.
For options & help see http://groups.google.com/group/PoliticalForum
* Visit our other community at http://www.PoliticalForum.com/
* It's active and moderated. Register and vote in our polls.
* Read the latest breaking news, and more.
No comments:
Post a Comment