Wednesday, September 17, 2008

More & more

So we get to see the effects of deregulated markets more and more each day...  And its costing us more and more each day too -- as we continue to bail out companies that made bad or bought bad loans...

Funny how McCain - a champion of deregulating financial markets -- is now calling for regulation.
A decade ago, Sen. John McCain embraced legislation to broadly deregulate the banking and insurance industries, helping to sweep aside a thicket of rules established over decades in favor of a less restricted financial marketplace that proponents said would result in greater economic growth. 
We got the growth all-right -- growth on a house-of-cards. The DOW was at 10,100 in Jan 2000 -- that's where it is today... Also glad my retirement isn't completely in stocks... whew. That's 8 years of zero growth if your port. follows the index.

I thought the "free market" was supposed to reward good decision makers and punish bad ones? Interesting how the corps get bailed out, but the average Joe in bankruptcy doesn't.

All these anti-Free market Bush (conservative) appointees are killing us with these bail outs!! When are we gonna put a real conservative in office?

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