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Deregulation is reckless, expensive and does not encourage discipline. Deregulation sucks!

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Razoo

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Trump and the conservatives cost taxpayers a ton of money through deregulation. Deregulating the financial industry has cost taxpayers trillions of dollars not only through credit card interests but think about the many bailouts.

Deregulating the medical insurance industry has cost consumers tons of money. Deregulation is not a fiscal responsible tool nor is it fair to consumers. We all pay more. Then there is that giant gambling casino aka Wall Street ...... why should taxpayers bailout Wall Street for any reason, or the financial industry, or the auto industry, or the military industrial complex, or the hotel industry or the utility industry or air travel industry then there is the student loan industry gone wild..... which should be shut down and rewritten.

Deregulation is reckless, expensive and does not encourage discipline.

Deregulation opens the door wide for monopolies which eliminates choice and promotes GOUGING BIG time. It has ruined the news industry and cost people their jobs. Nothing good about deregulation.

Any do conservatives enjoy paying more as in inflated prices for just about everything? Really how smart is it to promote inflation through reckless spending?
.
 
Razoo said:
Trump and the conservatives cost taxpayers a ton of money through deregulation. Deregulating the financial industry has cost taxpayers trillions of dollars not only through credit card interests but think about the many bailouts.

Deregulating the medical insurance industry has cost consumers tons of money. Deregulation is not a fiscal responsible tool nor is it fair to consumers. We all pay more. Then there is that giant gambling casino aka Wall Street ...... why should taxpayers bailout Wall Street for any reason, or the financial industry, or the auto industry, or the military industrial complex, or the hotel industry or the utility industry or air travel industry then there is the student loan industry gone wild..... which should be shut down and rewritten.

Deregulation is reckless, expensive and does not encourage discipline.

Deregulation opens the door wide for monopolies which eliminates choice and promotes GOUGING BIG time. It has ruined the news industry and cost people their jobs. Nothing good about deregulation.

Any do conservatives enjoy paying more as in inflated prices for just about everything? Really how smart is it to promote inflation through reckless spending?
.
Click to expand...

Yes, sir, damn the greedy, crooked, corrupt snake in the grass who repealed Glass-Stegal. HAD to be a SOB conservative. After all, it led to the financial meltdown.
 
Yes sir that SOB conservative who worked with three quite conservative anti american RINO's duped America for all of the years in office. The man was/is a conservative who chaired the DLC for awhile aka Democratic Leadership Council funded with Koch dollars.

So the conservatives continue to lead the way in their effort to over throw the USA government. Damn Fascist Libertarians won't be happy until democracy is completely buried. Repealing Glass-Steagall was a big win for fascism.
 
Razoo said:
Trump and the conservatives cost taxpayers a ton of money through deregulation. Deregulating the financial industry has cost taxpayers trillions of dollars not only through credit card interests but think about the many bailouts.

Deregulating the medical insurance industry has cost consumers tons of money. Deregulation is not a fiscal responsible tool nor is it fair to consumers. We all pay more. Then there is that giant gambling casino aka Wall Street ...... why should taxpayers bailout Wall Street for any reason, or the financial industry, or the auto industry, or the military industrial complex, or the hotel industry or the utility industry or air travel industry then there is the student loan industry gone wild..... which should be shut down and rewritten.

Deregulation is reckless, expensive and does not encourage discipline.

Deregulation opens the door wide for monopolies which eliminates choice and promotes GOUGING BIG time. It has ruined the news industry and cost people their jobs. Nothing good about deregulation.

Any do conservatives enjoy paying more as in inflated prices for just about everything? Really how smart is it to promote inflation through reckless spending?
.
Click to expand...

**Chuckles** Student debt is the direct result of increased government spending (regulation) on grants, loans and subsidies and the unintended consequences of the demand for college and university attendance it has created. Deregulation, on the other hand, reduces the amount of overhead of business and educational institutions activities, which translates into a reduction of costs to maintain those administrative services (like reporting, additional workforce, expenditures to make physical infrastructure changes, etc.).
 
Razoo said:
Yes sir that SOB conservative who worked with three quite conservative anti american RINO's duped America for all of the years in office. The man was/is a conservative who chaired the DLC for awhile aka Democratic Leadership Council funded with Koch dollars.

So the conservatives continue to lead the way in their effort to over throw the USA government. Damn Fascist Libertarians won't be happy until democracy is completely buried. Repealing Glass-Steagall was a big win for fascism.
Click to expand...

Then why did Clinton sign it?
 
Deregulation is seen by American conservatives as a means to counter-act socialist based policy making, whereas other countries in the west merely see it as the government preventing unscrupulous economic activity that could damage the entire nation. Unfortunately, the de facto practice of deregulation in America looks more like handing massive amounts of wealth to the private sector via corporate socialism, which conservatives seem to have no problem with because it's justified as stimulating to job growth. However, as we're seeing, companies will lay off thousands of workers to save money but then also take the Federal handout. So... socialism is alive and well in America, it's just unequally distributed.

If the government has to give a trillion dollar bailout every time something goes wrong, then these companies are not resilient, and the Federal fiscal policy is not an enduring one.
 
Waddy said:
Yes, sir, damn the greedy, crooked, corrupt snake in the grass who repealed Glass-Stegal. HAD to be a SOB conservative. After all, it led to the financial meltdown.
Click to expand...

Technically it was a conservative, Phil Gramm, it was lead by Republicans in congress, but Clinton did sign it.
 
SouthernDemocrat said:
Technically it was a conservative, Phil Gramm, it was lead by Republicans in congress, but Clinton did sign it.
Click to expand...

The point being BOTH sides can be greedy snakes.

Or to paraphrase Will Rogers,"Which of these millionaires in Congress represents me?"
 
Razoo said:
Trump and the conservatives cost taxpayers a ton of money through deregulation. Deregulating the financial industry has cost taxpayers trillions of dollars not only through credit card interests but think about the many bailouts.

Deregulating the medical insurance industry has cost consumers tons of money. Deregulation is not a fiscal responsible tool nor is it fair to consumers. We all pay more. Then there is that giant gambling casino aka Wall Street ...... why should taxpayers bailout Wall Street for any reason, or the financial industry, or the auto industry, or the military industrial complex, or the hotel industry or the utility industry or air travel industry then there is the student loan industry gone wild..... which should be shut down and rewritten.

Deregulation is reckless, expensive and does not encourage discipline.

Deregulation opens the door wide for monopolies which eliminates choice and promotes GOUGING BIG time. It has ruined the news industry and cost people their jobs. Nothing good about deregulation.

Any do conservatives enjoy paying more as in inflated prices for just about everything? Really how smart is it to promote inflation through reckless spending?
.
Click to expand...

The RINO GOP is the epitome of big government as they go on their merry way destroying the USA .........due to Rump BIG GOVERNMENT mismanagement he sponsored another $2 trillion of new debt that mostly flows into tax dollar money holes aka
corporate welfare with no strings attached.

Some corporate welfare receivers are still sitting on tax dollar handouts from BUSH/Cheney home loan scandal fiasco.
 
Razoo said:
Yes sir that SOB conservative who worked with three quite conservative anti american RINO's duped America for all of the years in office. The man was/is a conservative who chaired the DLC for awhile aka Democratic Leadership Council funded with Koch dollars.

So the conservatives continue to lead the way in their effort to over throw the USA government. Damn Fascist Libertarians won't be happy until democracy is completely buried. Repealing Glass-Steagall was a big win for fascism.
Click to expand...


Clinton signed the the repeal because he is a very conservative blue dog DINO as opposed to a fiscal responsible democrat. Much to my dismay I voted for the reckless man twice.
 
Waddy said:
The point being BOTH sides can be greedy snakes.

Or to paraphrase Will Rogers,"Which of these millionaires in Congress represents me?"
Click to expand...

That's a false equivalence. You can't possibly believe that Democrats are as open to financial deregulation as Republicans are.
 
Waddy said:
Yes, sir, damn the greedy, crooked, corrupt snake in the grass who repealed Glass-Stegal. HAD to be a SOB conservative. After all, it led to the financial meltdown.
Click to expand...

Took the words right out of my mouth.:lol:
 
SouthernDemocrat said:
Technically it was a conservative, Phil Gramm, it was lead by Republicans in congress, but Clinton did sign it.
Click to expand...

And 38 democrats voted for it, and it wasn't veto proof. This was not a party line vote. Both sides had their hands in the till.


Actually I am wrong. It was along party lines with only one dem voting for it, but it still wasn't veto proof. It wouldn't have passed without Clintons OK.
I left my mistake on the post as I'm not trying to hide it. 38 dems did not vote for it. Sorry for the mistake. I admit it.:3oops:
Deltoid
 
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SouthernDemocrat said:
That's a false equivalence. You can't possibly believe that Democrats are as open to financial deregulation as Republicans are.
Click to expand...

The republicans couldn't have passed it if the democrat party didn't want it passed.
 
Razoo said:
Trump and the conservatives cost taxpayers a ton of money through deregulation. Deregulating the financial industry has cost taxpayers trillions of dollars not only through credit card interests but think about the many bailouts.

Deregulating the medical insurance industry has cost consumers tons of money. Deregulation is not a fiscal responsible tool nor is it fair to consumers. We all pay more. Then there is that giant gambling casino aka Wall Street ...... why should taxpayers bailout Wall Street for any reason, or the financial industry, or the auto industry, or the military industrial complex, or the hotel industry or the utility industry or air travel industry then there is the student loan industry gone wild..... which should be shut down and rewritten.

Deregulation is reckless, expensive and does not encourage discipline.

Deregulation opens the door wide for monopolies which eliminates choice and promotes GOUGING BIG time. It has ruined the news industry and cost people their jobs. Nothing good about deregulation.

Any do conservatives enjoy paying more as in inflated prices for just about everything? Really how smart is it to promote inflation through reckless spending?
.
Click to expand...

Hey, small government is great. I feel free! I feel so free I can't even get out of my house right now! Yay!
 
SouthernDemocrat said:
That's a false equivalence. You can't possibly believe that Democrats are as open to financial deregulation as Republicans are.
Click to expand...

Obama was surrounded by Wall Street veterans. They did NOTHING to break up the big banks. They did nothing to re-instate Glass-Steagal. And NOT ONE banker went to jail. Black homeowners suffered the worst under Obama, but the banks got bailed out. So show me how Democrats are all that different.

Your delusion is that you think there's a difference between them.

On social issues, there is a difference between the leaders of each party, but on financial issues the rhetoric might differ slightly, to appease the respective bases, but the actions are the same. Big business contributes to both sides equally; there's a reason for that.
 
Razoo said:
Yes sir that SOB conservative who worked with three quite conservative anti american RINO's duped America for all of the years in office. The man was/is a conservative who chaired the DLC for awhile aka Democratic Leadership Council funded with Koch dollars.

So the conservatives continue to lead the way in their effort to over throw the USA government. Damn Fascist Libertarians won't be happy until democracy is completely buried. Repealing Glass-Steagall was a big win for fascism.
Click to expand...

Again .....
 
jotathought said:
**Chuckles** Student debt is the direct result of increased government spending (regulation) on grants, loans and subsidies and the unintended consequences of the demand for college and university attendance it has created. Deregulation, on the other hand, reduces the amount of overhead of business and educational institutions activities, which translates into a reduction of costs to maintain those administrative services (like reporting, additional workforce, expenditures to make physical infrastructure changes, etc.).
Click to expand...

Uh, just a note to folks.

**Chuckles**



That's not me - I use (chuckle)

just sayin
 
Deregulation means companies and citizens have to pay less - How on Earth does one see that as a cost?

These type of economic delusions are the greatest threat to our civilisation. People who do not understand economics should not speak about the matter because when they do they make everyone who knows at least a tiny about it to cringe.

"This shirt is on 40% sale, better not buy it because it will cost me 40%."
 
Waddy said:
Yes, sir, damn the greedy, crooked, corrupt snake in the grass who repealed Glass-Stegal. HAD to be a SOB conservative. After all, it led to the financial meltdown.
Click to expand...

Are you referring to Clinton or Gingrich?

Because both of those dumbasses had a hand in that.
 
Dacke said:
Deregulation means companies and citizens have to pay less - How on Earth does one see that as a cost?
Click to expand...

Because it costs money to clean up the mess made by unregulated industry?
 
Hamish Howl said:
Are you referring to Clinton or Gingrich?

Because both of those dumbasses had a hand in that.
Click to expand...

You're right, both are to blame. But Clinton signed off on it during his administration, so he gets most of the blame/credit, however you look at it. And SEVERAL administrations (both sides) since have had a chance to re-instate but have passed on the opportunity. This leads me to think, either they (both sides) actually LIKE unregulated banking or the bankers have a LOT more influence than anyone ever imagined. Maybe the big banks do run the country. At least the financial sector.

The crime was bundling sub-par mortgages with good mortgages, having the insurance writer (AG) sign off on it and then passing them along as solid investments. EVERYBODY in that chain KNEW what was going on, but everybody was making great money, so why rock the boat? But how come nobody went to prison? If you or I had done that we would be serving more time than Bernie Madoff.
 
Razoo said:
Trump and the conservatives cost taxpayers a ton of money through deregulation. Deregulating the financial industry has cost taxpayers trillions of dollars not only through credit card interests but think about the many bailouts.

Deregulating the medical insurance industry has cost consumers tons of money. Deregulation is not a fiscal responsible tool nor is it fair to consumers. We all pay more. Then there is that giant gambling casino aka Wall Street ...... why should taxpayers bailout Wall Street for any reason, or the financial industry, or the auto industry, or the military industrial complex, or the hotel industry or the utility industry or air travel industry then there is the student loan industry gone wild..... which should be shut down and rewritten.

Deregulation is reckless, expensive and does not encourage discipline.

Deregulation opens the door wide for monopolies which eliminates choice and promotes GOUGING BIG time. It has ruined the news industry and cost people their jobs. Nothing good about deregulation.

Any do conservatives enjoy paying more as in inflated prices for just about everything? Really how smart is it to promote inflation through reckless spending?
.
Click to expand...

Sometimes regulation is good; other times regulation needs to be reformed. So it's not a case where all regulation is good, or all regulation is bad. But what government tends to do is add regulation upon regulation. Nobody ever checks to see if the regulation had the intended effect, or if it hurts business more than it helps, and regulations once in place, no matter how ridiculous, never get repealed.

A more practical approach would be to review ALL regulations every five years, and clear away the ones that aren't necessary or have outlived their usefulness. We should do the same thing with tax law. This system we have now has no checks and balances.

We should also insist, through our treaties, that importers adhere to the same rules and regulations as our domestic producers have to live with. That alone would go a long ways toward leveling the playing field.
 
Waddy said:
You're right, both are to blame. But Clinton signed off on it during his administration, so he gets most of the blame/credit, however you look at it. And SEVERAL administrations (both sides) since have had a chance to re-instate but have passed on the opportunity. This leads me to think, either they (both sides) actually LIKE unregulated banking or the bankers have a LOT more influence than anyone ever imagined. Maybe the big banks do run the country. At least the financial sector.

The crime was bundling sub-par mortgages with good mortgages, having the insurance writer (AG) sign off on it and then passing them along as solid investments. EVERYBODY in that chain KNEW what was going on, but everybody was making great money, so why rock the boat? But how come nobody went to prison? If you or I had done that we would be serving more time than Bernie Madoff.
Click to expand...

You won't catch me defending Slick Willy.

And we should have had the leadership of AIG Financial Products and Goldman Sachs "sneezing into the basket," but instead they got put in charge of the recovery. By Obama, of all people, who in fact hired Tim Geithner - one of the pricks that was pushing this subprime **** - as the secretary of the treasury.

I am not entirely certain he had a choice, come to think of it.

But what's REALLY awesome is what was actually done with the TARP money.
 
Hamish Howl said:
You won't catch me defending Slick Willy.

And we should have had the leadership of AIG Financial Products and Goldman Sachs "sneezing into the basket," but instead they got put in charge of the recovery. By Obama, of all people, who in fact hired Tim Geithner - one of the pricks that was pushing this subprime **** - as the secretary of the treasury.

I am not entirely certain he had a choice, come to think of it.

But what's REALLY awesome is what was actually done with the TARP money.
Click to expand...

exactly. To me this isn't a partisan issue; both sides have played into the hands of the bankers.

When the term "too big to fail" is used, it is usually applied to the big banks. So, why, after all these years, and different parties in power, has nothing been done about this? To me, "too big to fail" implies a monopoly, in this case perhaps a powerful oligarchy, and why haven't those "too big" banks been broken up? They are bigger now than back in 2008. In many ways, they are in worse shape. But why should they care, the taxpayers are STILL back-stopping them. Why haven't we detached the taxpayer from the banking system?

This is one of the reasons ordinary Americans don't feel like the system represents them. The deck is stacked in favor of the powerful. Who in government actually cares about the average person? I apply this question to both sides.
 
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