"Jangchub" wrote in message
...
On Sun, 26 Oct 2008 18:20:35 -0700, "Zoot" wrote:

I agree that it is peculiar. I think a certain amount of crash and burn
should be allowed to happen. If a company can't meet its payroll without
borrowing money, payday after payday, they deserve to go belly up. If a
city
can't run their busses without borrowing money, they should shut them
down.
The current financial "crisis" in the USA will pass, and as a result the
weaker businesses will be gone. You don't shoot the Doctor because you
loose
a patient. And you don't scrap capitalism because it hiccups. I say keep
the
government out of it. It will recover, the stock market will recover, and
America will be stronger because of it.

I've always been an advocate for government taking on the role of an
educator, not an enforcer. Educated people tend to make better decisions.
A
lot of people took out a mortgage that was a really stupid idea, and
didn't
know better. I have a close relative in bankruptcy right now because he
bought a house on an interest only loan, and now he couldn't afford the
payments. Duh! A little education about home loans and mortgages could
have
prevented a lot of this.


At least your contradiction is consistent. Duh, deregulation is the
cause of this downturn. You put crisis in quotes. Does that mean
there is no crisis?

Can you substantiate the claim the deregulation caused the current downturn?
I know many people think so, but it's not the case unless you can establish
that regulation would have prevented it. There is the key - if you can't
prove that regulation would have prevented this, you can't blame it on
deregulation. I'm not sure that anyone can prove this - for one, we don't
really know. We could make hypothetical cases, we can discuss how if we
regulated this or that, then this or that might not have happened. We would
have to isolate the top causes of the current financial downturn, analyze
them, and then come up with some form of regulation that would actually work
to prevent it. Not pie-in-the-sky politician promise level regulation - real
regulation, regulation what actually works. It is easy to say "Regulation
the economy!". But details, give me details! How are you going to implement
this? Exactly what are you going to regulate, and how?

I suppose that from an extremist point of view, deregulation caused this.
But that is only if you think that extreme levels of regulation are
necessary to prevent things like this from happening. Most people don't want
that level of regulation.

In another week we will find out if American voters want extreme levels of
regulation or not. Our country is at a fork in the road, and the pathways
the different presidential candidates will take us down are very different
paths. It has not been established where these pathways will take us - both
have their ideals, but I don't think anyone really knows what will happen
next, regardless of who we elect president.

My conclusion, you are a know nothing.

My conclusion is that you like to insult people. I'm guessing it makes you
feel superior. I've already commented on your lack of maturity, so I don't
think I'll say any more.