[rabscuttle385]

.

[villagerjoel]

Ron Paul gets it. Jim DeMint gets it. Sarah Palin gets it. Who else is out there?

[rabscuttle385]

"I don't believe in a government that protects us from ourselves."
—Ronald W. Reagan

The Money, Banking, and Financial Markets Ping List. "The business of America is business." —Calvin Coolidge FR Keywords: moneylist, bankinglist, financelist Please tag all relevant threads with the aforementioned keywords. This can be a very high-volume ping list at times. Ping list jointly pinged by rabscuttle385 and TigerLikesRooster. To join the ping list: FReepmail rabscuttle385 with the subject line add  moneylist. (Stop getting pings by sending the subject line drop moneylist.)

[ex-snook]

This is a democracy where voters evaluate the economic system based on how they are doing. If the ‘free market’ does not produce current jobs and prosperity, something else gets a chance. Only success is rewarded at election time, majority wins.

[dirtboy]

Lately it has been wrongly accused of doing so many things it just doesn't do, that are really the fault of crony corporatism and convoluted government policies that brought on the crisis.

Uh, RuPaul, try and let some reality mix with your views. AIG was a direct result of Phil Gramm getting credit default swaps EXEMPTED from regulation - freeswinging selling of such derivatives with NO oversight.

The GOP and the Dems both had the wrong approaches over the last decade, and their respective failings (lack of regulation in many areas as pushed by the GOP, and Dem fiascos such as Fannie/Freddie) both played a role in the meltdown. We cannot go back to the old partisan model regarding the role of government, because both sides failed. It should be clear that the government should NOT be involved with the operation of markets (Fannie/Freddie) but DOES need to act as a regulator and referee (credit default swaps, regulating ratings agencies, enforcing basic reserve levels). This country needs to learn from past mistakes, seeing how expensive they have become. RuPaul is still failing to do such - hardly a surprise, seeing how he clings to an 18th-century viewpoint on foreign affairs.

[bamahead]

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