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Published Letters: 164
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Like every other dishonest, wingnut troll on this site, you're mixing your arguments and as always getting back to tax cuts. Give it up. The current crisis was caused by 30 years of less and less regulation of the financial markets.
The specific amount of regulation in one particular industry--and whether you know it or not, there is still a significant amount of regulation, even in the financial sector--has no bearing on whether there is real, structural freedom of commerce for the entire system.
If there was so much "de-regulation" going on, there would be no talk of bailouts. These businesses would be allowed to fail.
That needs to stop. There are no free markets, anywhere. Either the government regulats them or the largest players dominate them.
How do you think corporate welfare is implemented? Through regulation. The gov't gives money to the "big players"...with strings attached. Regulation does nothing but game the system towards the monolithic companies to which you refer.
If it weren't for regulation, these companies would never have grown "too big to fail" in the first place--they would have gone tits-up long ago, and been replaced by new companies, with no "catastrophic" economic consequences.
As for taxes, can you explain why a country running a $500B annual deficit should be lowering cutting taxes?
Because most taxation that occurs in this country is un-Constitutional, and the money is funneled towards un-Constitutional government agencies, such as the DEA, NSA, EPA, NEA, FBI, DHS, etc.
It's pretty simple, really.
Nice talking to you.
Wow. You really put me in my place. Thanks for sharing...Except that none of what you just wrote is true. The current mess was caused by deregulation of the financial markets and non-regulation of the Derivatives market in particular.
You don't know what you're talking about. Cronyism and corruption--ignoring the regulations that exist--are what caused this crisis.
Regulation is a barrier to entry, period. Go try and start an investment firm on your own--you will quickly see that your fantasy of unfettered capitalism (i.e. you operating as an independent investment broker) is beyond ridiculous. Regulations are put into place so that you cannot simply go open a bank or an investment firm and operate how you please.
The "big players" only get to dominate the market when it is unregulated or when the existing regulations are, as they are now, skewed toward the major players. The constitutionallity of all of the government agencies you mention are not really in question. Nor is our tax structure.
Oh, well that's nice of you to simply take the Consitution and tax issue out of "the question." Are you sure you don't work in Washington DC?
The Constitution most definitely should be part of the question, as should taxation.
Your federal tax dollars pay for:
-The military occupation of 130 foreign countries, including Iraq and Afghanistan
-The persecution of the "war on drugs," i.e. columbian paramilitary funding and sending terminally ill medical marijuana patients to prison
-The illegal surveillance of American citizens
And you think the Federal Government needs MORE tax money?? For what? You don't honestly think it's going to get spent on education or health care, do you?
You are living in a libertarian fantasy which you need to get over. Ron Paul is not your personal savoir.
American constitutional libertarianism could have avoided this whole mess. Mock him all you want, but Ron Paul correctly predicted this entire disaster long ago, and that's well documented.
It hasn't been nice talking to you at all
Then you should find another hobby. It would be no big loss to this conversation; you're obviously quite ignorant anyway.
Ciao!
...so suck it up, America, you're getting a nice long tax bill shoved down your throat in order to subsidize the lifestyles of the rich and shameless. Don't worry--your children's children won't blame you because they'll be too busy figuring out how to survive in the new Dark Ages.
Just please stop blaming "the free markets." If there were any kind of real free-market mentality at work here, the idea of any kind of "bail-out"--for borrowers or lenders--would be unthinkable.
McBama: "If we don't act, it will be harder for Americans to get a mortgage for their home or loans they need to buy a car or send their children to college. What it means is that businesses won't be able to get the loans they need to open a new factory or make payroll for their workers. And if they can't make payroll on Friday, then workers are laid off on Monday. And if workers are laid off on Monday, then they can't pay their bills or pay back their loans to somebody else. And it will go on and on and on, rippling through the entire economy."
In other words, people won't be able to keep spending imaginary money that they don't have.
Artificial credit created this mess, and now more artificial credit is being forced onto the American public as a solution.
Except now the agenda is no longer being obfuscated (because it no longer can be), as working taxpayers are expected to simply subsidize the printing of new funny money for the benefit of the banks (as opposed to the way we got into this mess, i.e. bankers printing their own money to sell to consumer-borrowers).
The house of cards is tumbling, and McBama's bailout will not stop it.
....all hail the Republicrats.
This kind of "bi-partisanship" is totalitarianism, nothing more.
...if Obama hadn't been right there next to him, promoting a bailout as well.
The Republicrat mind-meld is complete and apparently irreversible.
This is not "bi-partisanship."
This is national socialism; this is totalitarianism.