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cadenas -> RE: does anyone care that hillary clinton being the sec of state is unconstitutional? (1/23/2009 9:02:29 AM)
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I actually differ. I wish failure upon this administration just as I wished it upon the last (and the one before that). why? people aren't going to learn from their mistakes through enlightened studies. they are only going to learn through discomfort or pain.
Wow. You ARE a neocon. Destroying a country, if not the whole world, just to prove your point?
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for instance. people may have thought that taking advantage of low interest rates to buy things beyond their means was a great idea until they were caned by an economic reality. now they've learned their lessons (unless they are bailed out, in which case their failures are subsidized and they keep on trucking). people may think that trusting the SEC to police the market is a good idea...but after they lose their fortunes, they realize maybe they should have turned to a private due diligence firm (like aksia llc, which saw madoff for what he was years before the government caught up).
Um... What makes you think that a private firm could do what even very savvy institutional investors couldn't accomplish? That's why we have the SEC, and laws to back them up. Unfortunately, in the last 30 years of "deregulation" we have allowed it to be toothless and corrupt.
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people are only going to learn that a horrid monetary policy, inflationary policies, socializing industries, ignoring the necessity of a production based economy, and a nation relying so heavily on debt to fund its bloated existence is a recipe for disaster after the bonds market fails and the dollar is worthless (as is US debt). once you see your wealth reduced to nothing because of the incompetence of central planners, then you'll learn your lesson. I want people to learn their lesson...so I'm overjoyed when I read about obamas plans for the economy.
The thing with "learning the lessons" is that it last at most a generation. All these lessons you want people to learn are things we already had, in the form of the Great Depression, Dust Bowl, Vietnam War, ...
Have you - and have we - learned the lessons? No. We undid antitrust laws and banking and investment regulations left and right - regulations that were put in place after our grandparents learned their lesson.
And I find it interesting that you don't mention the one thing that brought us from a surplus to the largest deficit in history: the invasion of Iraq and our outrageous amount of military spending.
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