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doodahdaze 02/13/2010 02:31 PM Report
Looking out for the interests of commerce is a noble endeavor, this guy seems to be dedicated to this cause in reasonable and pragmatic way. But my gut feeling, is that we as a nation should follow, to a tee, Paul Volkers 'instructions'. This guy, naturally, wants some leeway for his 'finacial-services' constituents, to compete to be 'too big to fail'. All the rhetoric, they're saying they don't want that; but that's a crock of shit. They would just love to keep the casino fun and games rolling right along. And this talk of the 'big' Japanese and Chinese banks is a bluff. What the hell does that have to do with the price of tea in China when all their money is in the U.S. Treasury?. Which eventually won't be, because these credit-default swappers want to 'play' the American workers again and undermine the foundation of 'an honest days wage for an honest days work.' Real Conservatives. Real Americans. Who understand that these FAKE conservatives (i.e. Phil Graham, what's his? oh Shelby Alabama pie-face, the whole lot of them, along with Dodd and the faggot) don't give a rat's ass to the deteriorating affects of perverse incentives and moral hazard on the future. What's it gonna take? Blood in the streets?. How about their blood?.
REMant 02/12/2010 08:22 PM Report
What is good for business is good for America in the Chamber's eyes, so it seems, which would be fine if the converse - what is good for America is good for business - were always also true. This may account for why Donahue seems to agree with what everyone did at every stage in the past two years, yet fails to see any inconsistency in that. At least he's now at the point of agreeing with Volcker and about the size of the debt. However, it should make no difference if banks overseas were bigger due to their loose credit policies than ours except as it impacts world trade. That is a central bank problem and should be dealt with at that level. The best way to deal with that and realize the goals of free trade and full employment, as well as reduce the cost of healthcare, would be to return to the gold standard, or increase bank reserves. I'm afraid tho the Chamber would back make-work like the unions if it temporarily profited their members.
The Founding Fathers, BTW, seem to have hoped they would have no political parties or as they saw them, factions, as a result of the Constitution's design, but the two-party system arose from majority rule in the legislatures, except in certain specified cases, and in elections. The supermajority is a Senate rule that while theoretically conservative also tends to prevent anyone from winning. We used to think that having just two parties prevented us from being gridlocked like France or Italy historically, but I am not so sure a lot ppl think this is true anymore, because it surely contributes to the idea that maintaining power is more important than governing or making laws. The more fluid parliamentary system may actually work better in the long run. A free-trader should embrace that.