Some think deregulation was a factor. Bailing out thosw who made bad decisions is even worse.
We should have let GM and Chrysler go bankrupt at the get go. We should have held those accountable for risky loans accountable not bailed them out.
Yeas we have a problem. And businesses are predatory by nature. Nothing a few class action law suits can cure.
We need the free market to find equilibrium and with government intervention we have an artificial prop.
Hope it does not happen however there are people what are saying our economy is going to tank because of the government trying to intervene and correct the market.
I will agree, some government is good. I will also say we have a government that is way too large. Maybe by as much as 85%.
Wait til you social security disappears and we move into hyper inflation.
I wish I could by a lot of gold.
We have set ourselves up for failure. China of all countries owns some 2 trillion in our national debt. How does that help us? It has much potential to hurt us.
We are in bed with a country that kills people that stand up against the government.
------------------------
Keith Smith
--- On Sun, 8/2/09, Craig White <
craigwhite@azapple.com> wrote:
> From: Craig White <craigwhite@azapple.com>
> Subject: Re: ****Re: Geek/Tech/Entrepreneur Stuff to do in PHX
> To: "Main PLUG discussion list" <plug-discuss@lists.plug.phoenix.az.us>
> Date: Sunday, August 2, 2009, 2:27 PM
> On Sat, 2009-08-01 at 21:20 -0700,
> keith smith wrote:
> > If you are referring to the courts that is one thing
> the government
> > needs to do.
> >
> > Water
> > Sewer
> > Trash pickup
> > Streets
> > Police
> > Fire
> > Standing Army
> > and one or two other things.
> >
> > Everything else needs to be removed from the
> government.
> >
> > Using the courts to resolve a dispute is differently
> from the
> > government providing for our business needs.
> >
> > Free enterprise. Do you think as a small
> business owner I am afforded
> > any protection under the law. Not
> happening. Only the big guys get
> > help from the government.
> >
> > I really have to get a few things done so i will sing
> off for now.
> >
> > Keep in mind I'm for small government and a free
> market.
> ----
> the problem is that free market has now proven to be a
> disaster. The
> current economic mess is a direct result of deregulating
> things like the
> banks, Wall Street, etc. While the John Galt logic sounded
> pretty good,
> it simply didn't work and the great Ayn Rand disciple,
> Greenspan got it
> all wrong. We are paying the consequences for this now and
> will be
> paying even more consequences as the next wave of home and
> commercial
> property foreclosures ramp up, unemployment starts to climb
> again and
> more and more people's unemployment benefits expire. Free
> market is a
> great concept that simply doesn't work because corporate
> interests are
> predatory and irresponsible.
>
> The acknowledgment that essential government services
> listed above
> justifies the role of government and you want to argue that
> it should do
> no more. There is much more government should be
> doing...but they have
> abrogated their responsibilities in things like consumer
> protection.
>
> Government will always be a problem but no government is a
> worse problem
> considering the amount of people and the current trend of
> business
> practices.
>
>
> --
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>
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