Posted By: Dale Netherton on Sunday, September 07, 2008
To denigrate privatization and deregulation is to promote the growth of government. The inflation that the worker cannot keep up with is a function of the deficit spending by Congress and the printing of paper dollars that deteriorate with too much abundance. The government cannot fix the economy. They broke ( no pun intended) it.
Posted By: Patriot Tom on Tuesday, September 09, 2008
Ah, yes, the old "deregulation" mantra of the far right. People need laws against murder and theft; and poor people need lots of laws and rules. But somehow, when you get rich, you magically become moral and no longer need rules! What a miracle! Regulations level the playing field. Adam Smith was wrong, and that has been demonstrated thousands of times. But, that crowd keeps up with the same nonsense. regulation needs to be logical and reasonable. When bureaucracy creeps in (as it always does!), these guys say "deregulate!" instead of "debureaucratize!". Then, a few years later, they say "bail us out!" just like the S&L and countless other failed deregulation fiascoes.
Posted By: Good Life on Tuesday, September 09, 2008
Dale--Can you name an industry that was regulated BEFORE that industry abused their workers or the general public? You are correct about deficit spending but the cause is greed. We've been told that it is morally correct to spend and enjoy the wealth and pass the bill onto children, grandchildren, great grandchildren. This rather than pay tax for the money this generation spends. "borrow and spend" And which party has spent more than all of the other presidencies put together and had the nerve to use the word "conservative"?
