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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Gib Bogle who wrote (65188)	6/18/2005 9:36:31 AM
From: Slagle	Read Replies (1) of 74559

Gib, You and Raymond are both wrong, my country is not a democracy and at a federal level was not intended to be a democracy in the first place. It was created as a republic. Voters essentially selected delegates to an electoral college and this body chooses the president of the country. This is still the practice today. US Senators were originally chosen by the State legislatures not by direct election. In 1913 the 17th amendment to the Constitution changed this to direct election and this was probably a mistake, considering how things have turned out. The national government was not intended to be a democracy. Under the original dispensation the individual states, though still republics in their own right were much more democratic than the national government. At least they were more accountable in that the elected leaders were by law local residents and not persons far away and unknown to the local voters. They had to live within and be legal residents of the state in which they served, and hence be more responsive to local needs. Such is still the case today, though there has even been some erosion of local control in statewide elections due to the influx of out of state money in many elections, a practice that was once illegal in many jurisdictions though this reasonable prohibition has been overuled by the Federal courts in many cases. Ane there is the nub of the problem. The Federal government, which is much less "democratic" by design and even geography compared to the states has been vastly increased in size and power vis-a-via the individual states in the last 70 years. And too make matters worse there has been an attempted "power grab" by the Federal courts over the other two supposedly equal branches of the Federal government. The New Deal was the cause of this regrettable change from the original arrangement using the supposed "emergency" of the 1930's depression to create for themselves a national dictatorship, which they hoped to control of forever and to move the country toward socialism. This effort failed, thankfully and those opposed to creeping socialism will make sure that the Federal government expends its resources on other efforts such as war and national security to make sure that no resources are available for a welfare state. Unfortunate, but not nearly as bad as the alternative. Slagle

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