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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (423463)	10/7/2008 4:29:47 PM
From: Tenchusatsu	1 Recommendation Read Replies (2) \| Respond to of 1571893

JF, > But unregulated institutions were mostly responsible. So your argument that we don't need regulation rings hollow. Yes, that's the message that's resonating with voters, which is why Obama is now in the lead. However, there are more than enough counterexamples to throw reasonable doubt on that claim: - Was it less regulation or more regulation that forced lenders to lend to low-income (read: high-risk) borrowers? - Was it a lack of regulation, or a failure of existing regulation, that helped lead to this mess? If the former, why didn't any Democrats call for more regulation until just now? - Why should we trust the current politicians with even more regulatory powers when it was the same batch of politicians like Maxine Waters who said that there was absolutely nothing wrong with Fannie Mae and Freddie Mac a few years ago? McCain can go far by ridiculing the notion that "government failed, let's try more government." The only problem is that he doesn't seem willing to ruffle the feathers of a Congress that is more unpopular than Bush. Tenchusatsu