richardbenson wrote:
i see what your saying, would you consider any system perfect?
Yes. Unbridled Capitalism. But that depends on what one considers "perfect". To me, it's a system that lets me earn up to the limits of my ability. To others, it's a system they can milk for more and more welfare and freebies.
No that does not mean anything goes. There are legit functions of govt to prevent and enforce for example, insider trading and breach of contract and collusion.
The current Chairman of the Federal Reserve has admitted that the Fed caused the Depression of the 30's.... so what is Komrade Obama and Permier Peloisi and the Fed doing? The exact same things Hoover and FDR did, which prolonged the Great Depression. The govt caused this recession, like all previous recessions with their meddling in the economy. The 1977 Community Reinvestment Act (CRA) was a major cause of this recession. Every congress and president since 77 increased it's power. Basically it enforced quotas on banks to make loans to those who did not meet the lending requirements that worked so well for them in the past.
I gotta go and burn the coal I got in my stocking to keep warm.....
We have tried spending money. We are spending more
than we have ever spent before and it does not work.
... We have never made good on our promises. ...
I say after eight years of this Administration
we have just as much unemployment as when we started.
... and an enormous debt to boot!
Henry Morgenthau Jr 1891-1967
Secretary of the Treasury of the United States
during the administration of Franklin D. Roosevelt.
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I figure the odds be 50-50 that I just might have something to say.