Oh please....what tripe
The correct question would be, is this the end of socialism in America?
But you know what the answer would be already.
The American people will bring this country back......if Obama is not elected. Obama will tax you to the point that you will not have a say in anything he or a democratic Congress says. Put McCain in office. He loves this country and will do anything he can to help us. Give him the control he needs. If we don’t do this........LOCK AND LOAD.
If the author were honest in assessing even a portion of the blame, the question would be:
“Is this the end for American-style government?”
Actually the end of 20 years of a fed inflated credit bubble to support the crony capitalists who have ripped off the economy, we might finally return to free market capitalism, where people save, and where credit is used for investments in the means of production.
We do not want the world’s biggest banks, we want the world’s largest and most active bond and equity markets.
Business Week in August 1979 trumpeted “The Death Of Equities”. It’s a bullish sign to get a headline like this in WaPo
This article doesn't ask the tough questions about regulation of world markets - what are the rules, who sets those rules - but just asserts that it's time we had them, screw you American capitalist.
You can bet the world Left is just drooling over the possibility of chaining down the American economy with its version of fairness.
When those who take risks in the market decide that the risk is too great, they have every right to pull out, to cash in and take what they can. When the government, or any world economic body, decides that it wants a cut of the profits, because it will absorb the losses, then we have lost our economic system to the greedy hands of the takers. The hand is slapped back, and surely it will be, by the decline in investments which will result from the the “regulation” of the markets.