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On Mar 21, 10:44*am, BAR wrote:
wf3h wrote: those people ran AIG into the ground. what fairy tales do you read? do you know AIG has $150,000,000,000 in govt money in it? Are you more concerned with punishing individuals who work at AIG or are you more concerned with AIG becoming a healthy private enterprise again? i'm concerned with me and the financial health of the middle class. the rich, who've screwed the middle class like we're $2 whores, don't deserve ****. Apparently the president and *people in leadership positions in the senate and house have no concept of what to do about the economic problems the country is facing today and are using every minor excuse to divert the public's attention from their failures. the right wing 'free market' folks got us into this mess....they created the largest economy collapse since the great depression Who is your employer? Where do you buy your food? Where do you buy your clothes? Where do you buy your durable goods? The free markets have a self correcting mechanism. what fairy tales have you been reading? where's your proof? where's the mechanism? if this were true, we wouldn't have to bail out the bankers and wall street managers because they're too big to fail people like you are like the people on the titanic who drowned because they insisted it was unsinkable. Government's only solution to problems is more regulation and taxation. now you're saying to continue with those failed policies because of your faith in them? you're worse than a creationist! The failed policies are from over regulation by the government and trying to implement social policy rather than follow sound business principles. OVER regulation? what regulations FORCED the amount of credit default swap derivatives to balloon from $920 billion in 2000 to SIXTY TWO TRILLION dollars in 2007? go ahead...tell me what govt regulation caused this much greed. we DID de-regulate the market. and collateralized default swaps went from $920B in 2000 to SIXTY TWO TRILLION DOLLARS in 2007.... If we are playing the blame game, then you should be upset with Clinton. goalpost shifting. where's your proof that 'free' markets exist or that they're self correcting. in addition, it was the free market fundamentalists like phil gramm who forced congress to pass DE REGULATION....so you've failed to prove your case. is that the type of de regulation you had in mind? Why should we keep propping up AIG and other private enterprises with taxpayers money? Shouldn't we just let them go bankrupt? Or does the fact that the Dodd and Frank would lose too much in campaign contributions if that were to happen have any bearing on the decisions by the legislative branch of government?- which has what to do with the fact the free market failed. it was a laboratory exercise in YOUR view of capitalism and it's damn near wrecked the united states. |
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