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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (103250)	10/20/2011 7:50:38 PM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

You throw a strawman at me. If you've been reading my posts, then you know that I am a big believer in a highly regulated free market. I am NOT a believer in laissez faire capitalism (unregulated free markets), which is what today's GOP believes in. What we have today is NOT a free market. It is a centrally and invasively planned economy. The end game for centrally planned economies are slow to no growth or at worst case Soviet or Chinese style economies. You may wish for that, but I do not. Those models inevitably fail. We have had centuries of phenomenal growth and prosperity. All we have to do is dial back some of the mistakes. Bring back Glass-Steagal, for example. Execute the laws and regulations that say the Fed's primary mandate is a stable currency, that Congress is the only one that can coin money, and that debasement of the currency is a Treasonous offense punishable by death. There are a lot of laws and regulations that I'd like to see enforced, such as the bankruptcy and anti-trust laws, which could have been and can still be used to dismantle these corrupt, too big too fail banks. And yet, folks would like to throw the baby out with the bathwater by saying free markets in general are at fault? Well folks, you'd better start figuring out how to have a more intellectual response to all of this. We need a more nuanced, middle of the ground, practical approach to solving problems. The extreme positions of the right (unregulated, laissez faire free markets are good) and the left (all free markets are bad) are stupid and counter-productive. The middle ground (well-regulated free markets are good) is the best path and has proven to lift all boats in the American economy over two centuries. Let's not turn our backs on that now.