Quote:
Originally Posted by ijusluvit
Bucco, since you continue to ask good questions and claim to be objective, may I ask that on just this one occasion, you might acknowledge that the eight year period, after the (near balanced budget) Clinton era, was the time when finance regulations were finally dismantled. I agree that those god awful Democrats were involved. I'd love to give Sen. Dodd a piece of my mind for lending his support to deregulation. But at least he admits how badly he screwed up.
What I don't think you heard me say was that the folks who are in the party that starts with "R" have for a long time felt deeply in their hearts that unfettered free enterprise would ensure the most productive, successful US economy. It was a popular thought: strong dollar, corporate profits reinvested in production, jobs galore, low taxes, etc. They REALLY believed it, and so, it seems, did you.
All I'm asking is that you be objective enough to admit that there was a flaw to unregulated finance. Something that is very costly to fix, but must be done.
Can you at least agree to that?
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I absolutely agree with that premise. It began in the 90's and CONTINUED DURING THE 8 YEARS OF THE BUSH ADMINISTRATION.
I think that during both the Clinton and Bush administration they took what "may" have been a good thing and took it much too far.
What one might consider my partisan posts have to do with the constant and ongoing rant from this administration about how they inherited a financial mess from Bush....they make sure they mention it THAT way....while congress was the one who oversaw it and that seems to get lost in the dialogue !