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

To: Hope Praytochange who wrote (110179)	8/9/2011 11:27:37 AM
From: TimF	2 Recommendations Read Replies (1) \| Respond to of 224649

It was made by conservative extremists who told us that if we just eliminated regulations and rewarded greed and recklessness, it would all work out. No it wasn't. Almost no regulation was eliminated, certainly What regulation that was eliminated somehow caused this? I wouldn't say regulatory changes made no difference, some types of banks where allowed more leverage which was a serious mistake, but that's not an elimination of a regulation, and regulations also contributed to the problem, with government's pushing lenders to lend to people who where poor credit risks, and with reserve requirements favoring mortgages over other assets. And it didn’t work out 80 years ago, when the same people sold our grandparents the same bill of goods, with the same results. That's even sillier. There was no move away from regulation before the great depression, and in the early days of the depression, and again before the 2nd downturn in the depression around '37 there was an increase in regulation.

To: Hope Praytochange who wrote (110179)	8/9/2011 12:24:00 PM
From: MJ	3 Recommendations Respond to of 224649

Drew Westen has strung a lot of claims together to spin this article. As Westen describes the USA when Obama was inaugurated we were a basket case-------not so-----Obama was entrusted with the reigns of a nation that had problems but nothing as we have now under Obama. Life was pretty darn good when Obama was elected. Is America a basket case now? Under Obama more people are out of work or stopped trying, more homes are foreclosed , brave Americans died fighting Obama's 'necessary war' in Afghanistan leaving behind American mothers and children, illegals are welcomed and paid for by the Federal Government----possibly including Obama himself (no birth certificate produced for over two years???) mj