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Reply #7: Recently? That the current path of deregulation has directly led to the mortgage crisis [View All]

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YOY Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-08 10:53 AM
Response to Reply #5
7. Recently? That the current path of deregulation has directly led to the mortgage crisis
Edited on Fri Sep-19-08 11:03 AM by YOY
(that would include most adjustable rate loans) and in turn the current financial crisis that requires Federal bailout as well as being coupled with the federal "borrow and spend" on less than profitable endeavors all leading to massive national debt with the middle class holding the bag.

Others? Well in a nutshell discussions with reasonable fiscal conservatives have included...

That "caveat emptor" is just fine as long as one understand that the public generally assumes that the products that they consume are not dangerous to them on any level. Lack of regulation in any sector (let alone slight or even moderate) has led to this. The consumer is blamed for the faulty product and suffers incredibly...not the producer. That guy sometimes gets a bailout. Little accountability of the corproate entity is to be seen.

"Privatization" of basic needs that usually cannot be exported (health care come to mind as does education) has led to a system where profits have been squeezed from the public in a manner that are actually costing them more than a public service in lieu of a privately run system that runs on exclusivity and maximization of profits.

Throw in "Reaganomic" trickled economics down that have persistently been shown to screw the best source of investors (the middle class) and you've got a recipe for failure. The tax man isn't competing for your slice of the pie. He's got a number and needs to get it...no more and no less. Economic oligarchies will work together to maximize profits continually across the board.

That the national deficit has increased far more under so-called "fiscal conservatives" than under so-called "tax and spend" liberals. Any one who calls Clinton a liberal is an idiot. The man was everything a "conservative" is supposed to be.

and the "I can't beleive I'm explaining this to you" topic of it is important to invest in infrastructure.

Usually it's more of a debate but I have come out in a better position at the end of more than a few...

The "rightist"...that's an interesting term. I was talking about a fiscal conservative...not a fascist Ann Coulter reader. Sure you're in the right place?
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