When the clergy are losing faith it’s time to pay attention:
One of the most prominent proponents of free-market capitalism is having second thoughts.
Judge Richard A. Posner, a federal appeals court judge who has been called the most cited legal scholar of all time, discussed his doubts and his analysis of the current financial crisis in a wide-ranging interview with the Huffington Post.
A longtime proponent of deregulation, the idea that business works best in a free market without burdensome government regulations, Posner began to change his mind when he realized the enormity of the crisis. This change […]Full Story... →
The thing about context is it’s easy to find in this day of the Google. The other thing about context? It’s a bitch. Especially if you want to espouse some bullshit notion that our President is a communist. Enter impressionable youth in hoodie from the teabagging in DC:
What’s that at the end?
Free Market Philosophy
“One of reasons I am running for the presidency is to bring this philosophy to an end!”
Here’s the problem with the “quote” on the T-shirt. You can look it up on teh Google. The only place you find that […]Full Story... →
Market based health reform? Sure! Great idea!
This one is gonna leave a mark:
Here?s what McCain has to say about the wonders of market-based health reform:
Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation.
So McCain, who now poses as the scourge of Wall Street, was praising financial deregulation like 10 seconds ago ? and promising that if we marketize health care, it will perform as well […]Full Story... →
So taxpayers are about to pay $500 billion o $1 trillion dollars at the request of the Bush administration to bail out private enterprise. We now own (you and I) 80% of AIG after we gave them $85 billion. I do expect to begin seeing some kind of dividend check at some point. Right.
Can we stop talking about “free markets” yet?
This is one hell of a way to save John “Dishonorable” McCain – and the guy can’t even figure out which angle to take on this. LOL. Is he a regulator or a de-regulator? Is he […]Full Story... →
I thought I was in Bizarro World yesterday when I turned on the TV and saw John McCain calling for MORE REGULATION of Wall Street in response to the news that Lehman Brothers filed for bankruptcy and Merrill Lynch was getting sold.
It sounds to me like McCain’s call for more regulation goes against one of the basic beliefs of the GOP: free markets solve all problems i.e. less regulation is better.
From this year’s Republican Party Platform:
Government interference in the markets exacerbates problems in the marketplace and causes the free market to take longer to correct […]Full Story... →
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