De-Regulation sucks and I am sick of Corporate Welfare!!

[WindRiverMan]

With the recent debacle surrounding Freddie Mac and Fannie Mae, I am once again struck by the fact that de-regualtion sucks, and that the market never "corrects itself". The rich get excused while the rest of us hold the bag.

Last time we had a dipshit Republican regime they "de-regualated" the Savings and Loan, and we had Silverado, which required a 300 billion dollar bailout at taxpayer's expsense.

Freddie Mac and Fannie may hold over 5 trillion (yes trillion) dollars of debt. In the good old days, anti-trust laws would have kicked in and evened stuff out, not so under the Bush regime. De-regulated = rape and pillaging of important economic resources by a select wealthy few while others suffer the consquences. Now the flippers, the lenders, and everyone else who exploited Bush's wonderful "pro-busniess" policies have either made their fortunes and left, or are about to get bailed out by the very people who are being kicked out of their homes

Damned oil is another mess. I actually work as a fed, and have some insight and input into drilling on Federal lands. They are destroying your public lands out west, contaminting your air, and your water all in the name of de-regulation under the 2005 Energy Act which "fast tracked" drilling. It would be one thing, but with all of this shit going on, ENCANA is proposing running a natural gas pipeline to Canada to sell their wares.

I am so sick of supporting the rich, let them suffer and twist, twist, twist, in the wind, but of course our illustrious government will not allow that.

[DebJ]

1. Makes me think with regret that TJ was right about the liberty tree

needing to be refreshed from time to time.
Edit: TJ as in Thomas Jefferson, of course.

[patrice]

2. No matter how good your work, your job can disappear for reasons that

you have not voice in. Paycheck and property are devalued by derivative bubbles in international companies. Job, paychecks, property are Arbitrary Values.

WHAT DOES IT MEAN TO BE AMERICAN??? What are the relationships between the individual and the group that add up to the American experience. What makes Us "Us" and not just a bunch of individuals who happen to coexist in time and space?

We should demand a new American contract, one that gives Real Value for Real Value. For the Real Value of my body, labor, and talent I demand Real Value in return. This is not Socialism; it's Capitalism. The American Worker invests the Real Value of our Labor, Time, and Talents and we receive Real Value in return: Universal Health Care, Complete and Appropriate Education, Civil and Human Rights, and National Defense that is under our own control.

[truedelphi]

13. And above all, get rid of the Federal Reserve!!

The rest of it follows from that.

[vssmith]

3. WJ Clinton also had his hand in de-regulation to our detriment

[ingac70]

4. His wife paid the political price for it too. n/t

[vssmith]

5. He was her blessing and, as you mention, her curse

[DailyGrind51]

6. That's why I don't trust DLC members, they are "Republican-Lite"!

They all buy into the "Chicago School of Economics" bullshit.

[Romulox]

7. Are you voting for Obama? His economic policy is completely "Chicago School".

:hi:

[vssmith]

8. That bad, aye?

You are talking Milton Friedman--correct?

[Romulox]

9. Indeed. Jason Furman is a Wal Mart/globalization cheerleader, Austan Goolsbee is head DLC economist

Austan Goolsbee is literally a University Chicago faculty member and Friedman acolyte. Jason Furman is merely a dedicated neoliberal.

[vssmith]

10. Who are you voting for then?

[Romulox]

11. I have little choice but to vote for Obama

However, I cannot enthusiastically support him at this time. While Michigan undoubtedly did do better under the "third way" economics of Bill Clinton, the last 7 years shows that we are much more vulnerable to the inevitable busts that go along with deregulation and globalization.

I will note that I have seen little support here in SE Michigan for Obama. One yard sign in my very blue-collar subdivision.

[vssmith]

12. Have you seen any McCain signs though?

Here in mid-Michigan (Lansing area) there are very few signs except for township supervisors etc. I did see one "Impeach Bush" sign in Mulliken, Michigan, a town of less than 1000 I would suspect.