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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (61953)	3/25/2009 9:55:52 PM
From: Little Joe	4 Recommendations Read Replies (1) \| Respond to of 224755

oh, you mean the unregulated free market that is subject to thousands of pages of regualtion, myriad regulatory agencies, including FDIC, Federal Reserve Bank, SEC, Commodity Credit Corporation (CCC), Commodity Futures Trading Commission (CFTC), Farm Credit Administration (FCA). Is that the unregulated free market we are discussing. I suppose the role of the fed in keeping interest rates unreasonably low for a long time had nothing to do with the problem. Or maybe the refusal of Barney Frank and company to act when they were advised of problems at Fannie and Freddie likewise had nothing to do with it. Remember old Barney saying that he was willing to take the risk for the tradeoff of more people being able to own homes. Where's the check, Barney. Oh you meant you were willing to risk our money, not yours. Kenny Boy: Here is the government's record: 1. Social Security we can’t pay for. 2. Medicare we can’t pay for. 3. Prescription drug we can’t pay for. 4. Spend more money on education than any other nation in the world and many kids, especially in inner cities can’t read their diploma. 5. Criminal justice system that produces criminal injustice. 6. Can’t defend our borders, even banana republics can do that. 7. Country hopelessly in Debt. 8. Economy on the verge of destruction. 9. Encourages lending to people who can’t pay loans back. 10. Encouraged casino risk taking by removing moral hazard, which is the trigger that set of the current catastrophe and now further eliminates moral hazard by guaranteeing bank loans to one another. 11. CANT EVEN HOLD AN HONEST ELECTION What makes you think these clowns could ever regulate something as complex as the economy. lj