By what criteria are we measuring strength in the economy and when can we say that the economy is weakened? With the weakness of the dollar, big time lending problems, continued real estate problems (and there are a few good pockets in the market so it's not everywhere bad), an energy problem and a huge deficit, when are these fundamentals not so strong? Just a question.
Now to be sure, we don't know what Obama has planned to resolve the issue. What we know from Palin and McCain is that they favor deregulation, as any good Republican should. Yet they are asking to reform regulation and at the same time ask for better "uniformity". What does that mean? If I apply a different standard of practice anywhere it will by necessity constrain behavior; and in some cases constrain behavior with a further reach. The message here seems to be that we need to regulate, but we don't want to, so we'll call it "uniformity".
However, what's your alternative Mr. Obama other than jumping on this little inconsistency by Mr. McCain like a dog on a juicy steak? Ms. Palin did say something at the same rally too, but it sounded too much like the Martians in Mars Attacks! so I promptly turned it off.
No related posts.
Man, it's painful listening to him give a speech.
"Uniformity" = "Conservatorship" = "Nationalized" (eg, Indymac, Fannie/Freddie, AIG, and more to come)
The problem here is not that the Republicans want deregulation, it's that they want more regulations that better favor their cronies, and protect their favored institutions. Since you're throwing around movie references, what you're seeing here is the final scene of Fight Club, only not as tidy. This is only the beginning.
The intelligent response here would be for the regulators to unanimously hit the snooze button and wait out the collapse. Not make us patsies for the bad decisions all these firms made. Anything else, like this lame-brained "rescue" crap, will only hold off the inevitable.
"Uniformity" = "Conservatorship" = "Nationalized" (eg, Indymac, Fannie/Freddie, AIG, and more to come)
The problem here is not that the Republicans want deregulation, it's that they want more regulations that better favor their cronies, and protect their favored institutions. Since you're throwing around movie references, what you're seeing here is the final scene of Fight Club, only not as tidy. This is only the beginning.
The intelligent response here would be for the regulators to unanimously hit the snooze button and wait out the collapse. Not make us patsies for the bad decisions all these firms made. Anything else, like this lame-brained "rescue" crap, will only hold off the inevitable.