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

To: combjelly who wrote (886232)	9/9/2015 1:07:51 AM
From: i-node	1 Recommendation Recommended By TimF Read Replies (1) \| Respond to of 1576418

>> You do know that he regards any regulation to be an undue burden on the marketplace? Regulation is sometimes necessary. But government regulation almost always does more harm than good. Not every time, but almost every time. For example, the minimum wage, which has the side effect of leaving people unemployed. In the case of the proposed increase to 10.10, CBO (under Democrat leadership) found that while 2.7 million people would get small raises, between 500,000 and 1 million would become unemployed. Today, there was a post here, I believe, about plastic grocery bags and how the ban on them in Austin backfired, resulting in vastly more heavy plastic bags being used. Of course, the worst failure in recent memory (perhaps of all time, I don't know) is the Clinton policy which effectively led the GSEs to revise their lending standards such that money would be lent to people who had no chance of ever repaying their loans. So, suddenly, FNMA doesn't care what lending standards were followed (after all, the federal government was picking up the tab, and important people like Franklin Raines and Jim Johnson would get their heap big salaries and bonuses). They were, of course, greasing the palms of politicians all the while, with Barack Obama being the most heavily greased palm of all. Even when it is needed, as with some pollution control problems, they can't do it right. So, EPA ends up going far beyond any reasonable parameters for regulating where necessary, and starts regulating ordinary people imposing tremendous and outrageous cost burdens. Look at the regulations against "Structuring". They are not only unnecessary and burdensome, they have now become more than a regulation but a new reason for throwing people in jail! The legislative history of the law doesn't NOT suggest that structuring would ever be a crime for abuse by prosecutors as it now is. One of the worst laws ever drafted -- the "RICO" statutes, have been used time and again by government regulators when it had nothing to do with any "racketeer" or "corrupt organization". I had a client who spent 18 months in federal prison under the RICO statute and to this day she doesn't understand what she did wrong OTHER than she showed up for an FBI interview without a lawyer. While I was involved in her defense, for the life of me I have know idea how she was convicted under that particular statute. Government regulation is seldom a good thing for anyone other than the regulators who make a living out of it. Someone needs to regulate, e.g., fast food. But no one should be telling people how big the cokes at McDs should be. Or requiring them to disclose nutritional information. No one gives a shit or they wouldn't be in McDs in the first place. And you guys can't make any case in favor of it.