Re: [Random Political Thoughts and News] Re: [Random Political Thoughts and News]...

I completely understand the ramifications and know exactly what would happen.  I also know that if there are real consequences then some, not all but some of the "human nature" activities would be corrected.  There is a very fine line with regulation and control and frankly I don't like a bunch of ass wipe politicians calling all of the shots.  The Obama administration has gone way beyond "regulation" they are running the most powerful banks in America and not to mention two of the three biggest automobile manufacturers.  This is not regulation.  There are good and bad to all economic systems I agree.  But I also think that we have as a country never truly allowed our economy to fix itself.  Bandaids and bailouts are not a part of the equation and are far from regulation. 

 

And why didn't the regulators and the wonderful regulations catch a guy like Madoff?  You know what caught him?  It was the market.  Regulation failed and when the market started to fall he was exposed.  More regulation is not the answer.  We won't ever truly know if the market will correct itself because we are too afraid to allow it to happen. 

 

I think this all started with 9/11, remember the markets crashed everyone Republicans and Democrats rushed to find a vehicle to keep the economy going.  There was a bandaid bailout and horrible lending practices encouraged.  We didn't feel it as hard as we are now because shady practices were encouraged. It took years to see people who couldn't afford the houses they bought were losing there houses and by the time we got to where we are now the snowball was too big and had spread across the economy. 

----- Original Message -----

From: Derek Lastafka

To: 'Monkey Suit'

Sent: Wednesday, October 21, 2009 10:30 PM

Subject: RE: [Random Political Thoughts and News] Re: [Random Political Thoughts and News]...

This is the problem with Libertarians.  They believe there are no consequences to their utopia of a Free Market.  Every economic system has downfalls.  They want a system with no rules or restrictions.  That's like having society having no rules, this leads to anarchy.  They don't take into account human nature and realize people aren't always nice and good.  We need rules to keep things in order.   

 

You need to understand the financial power these banks have on our economy.  If a monster bank fails it takes down our entire financial network.  It's a domino effect.  BANKS ARE OUR ECONOMY.  I don't like it but it is how it is.  Just imagine what would happen to our country if 4 of the largest banks in the world collapsed and were no more.  Mass unemployment(you think close to 10% is bad), world economy crumbles, business after business can't get loans and fail also, retirement funds destroyed, two tier class system of rich and poor.  The entire world economy rests on banks as their support. 

 

I don't like bailouts, frankly they piss me off.  I also realize the ramifications of letting them go under.  If regulation and the government is the problem why do you think before the collapse, majority of fortune 500 companies were making record yearly profits for the past two decades.  Was this because strict government regulation and intervention?  It was because our system was being systematically dismantled of regulation from the Great Depression era by Democrats and Republicans for the past 70 years.  The power of money buys votes.

 

 

 

From: Monkey Suit [mailto:slalley@windstream.net]
Sent: Wednesday, October 21, 2009 9:05 PM
To: d.last02@gmail.com
Subject: [Random Political Thoughts and News] Re: [Random Political Thoughts and News]...

 

The problem isn't free market capalism.  The problem is the government.  There is no such thing as too big to fail.  We are allowing that to be the disadvantage.  The only reason they expect a bailout is because the government has bailed them out.  If you don't have drugs you don't have a drug addict.  Don't bail them out, if they fail then they fail.  It would be a huge hit to the economy but we are creating a far worse problem by bailing them out.  One of the advantages of a free market is its ability to correct itself.  We should have allowed them to fail.  If you are taking risks that aren't wise you lose.  If you are building cars people don't want you lose, that is a free market.  We haven't allowed the free market to work properly by ridding itself of posionous companies.  If they fail other companies and future companies will learn and correct the issues that caused the failure.

----- Original Message -----

From: Derek Lastafka

To: 'Monkey Suit'

Sent: Wednesday, October 21, 2009 5:56 PM

Subject: RE: [Random Political Thoughts and News] Yahoo! News Story - Administration plans...

 

The average Executive used to make 40 times more of what their normal employees made.  That number is now 300 times more.  What's wrong with that picture?  Companies fail because they pay themselves way too much money.  They overextend themselves and they know and expect the government to bail them out.  You know how they know that?  These guys dish out tons in campaign and lobbying money for politicians and the politicians then owe them favors.  What people don't understand is that we are forced to bailout these banks because they are the backbone of our capitalism.  Every economic system has a disadvantages and "Too big to fail" is free-market capitalism's Achilles heel.

 

From: Monkey Suit [mailto:slalley@windstream.net]
Sent: Wednesday, October 21, 2009 4:21 PM
To: d.last02@gmail.com
Subject: [Random Political Thoughts and News] Yahoo! News Story - Administration plans...

 

Monkey Suit (randompoliticalthoughtsandnews@yahoo.com) has sent you a news article.
(Email address has not been verified.)
------------------------------------------------------------
Personal message:

90% Holy Shit!!! Are you kidding me? How much is his pay and his dumbass VP's going to be cut? We really should've had a good option, someone with knowledge of the economy when we voted for president. Because this is what happens when you have someone with little to knowledge of economics. He has a preconceived view of the people running businesses. Now he has the power to cut the salaries of executives(who he hates) and he is doing it.

Administration plans big pay cuts at bailout firms - Yahoo! News

http://news.yahoo.com/s/ap/20091021/ap_on_bi_ge/us_obama_executive_pay

============================================================
Yahoo! News
http://news.yahoo.com/

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