Uh....

People are having a problem with the federal government keeping their nose out of business?

Cali was bitching to the feds about electric prices? How come the STATE government didn't step up and regulate?

I can't even begin to comment on the nonsense in this thread.

 

I wonder what they will be making documentaries about ten years form now.

Oh, wait. They probably won't be making documentaries.

When the government controls industry, they dictate what goods and services are available to the masses.

Ten years form now, we can expect more of what we are being deluged with now. Government propaganda.

Thanks to the OP though, for highlighting one of the pinnacle tenents of our country that we are in the process of losing. The freedom to succeede, and the freedom to fail.

 

He's referring to daddy Bush.


Clinton failed to pay for the military, even after it had been cut by daddy Bush. I can recall not being able to qualify with my firearms in the military several times because there wasn't enough money in the budget for bullets. I can recall planes sitting in hangers during hurricanes when all other planes had left, because there was no money for parts. Often maintenance would cannibalize planes for parts so they could keep at least some in the air. We were accomplishing our mission with approx 80% resources available. When two or three planes went down (and it happened often) that took our available resources to approx 60%. We stopped bombing units in Iraq I when it was estimated they were at 50% strength, because they were no longer combat effective. That is how close we came to not being able to accomplish our mission.

Bush inherited a recession due to the tech bubble popping. Just as that was getting stabilized he had a war started several months into his administration. Either one was hard on the economy, both made things very difficult. Hell the 9/11 attacks took billions out of our economy at one time, not counting all of the fear and consumer paralysis following the attacks.

 

oh man...

1. There was not a surplus
2. National debt was not going down
3. Tax cuts do not decrease the budget
4. This recession was not caused by government debt

 

Using Enron as an example of what happens in a free market is not a good example. Typically utilities are given a monopoly over an area but must submit to government control. That government control lies with the state government, not federal. If the utility wants to raise prices they must get government approval. A free market relies on competition to regulate the market. Without the free market companies can do what they want. The government is not a good replacement for the free market.

In my opinion the best way to regulate an industry is to limit mergers and acquisitions. Typically a company can only grow so large before they have to start buying competitors to increase size. By regulating what can be purchased and how large a company can grow through purchases a free market can be assured. Look at the financial sector. The large banks were kept from failing because they were "too big to fail". Most of those companies were only able to grow through the mergers and acquisition over the past several years. Had those purchases not happened the companies that were purchased would have either been sold to a smaller company increasing their size (which would increase competition among the big banks) or would have gone out of business. If the companies that were purchased went out of business, that takes care of excess supply in the market, while allowing competitors to increase their business.

 

The feds have control of interstate commerce, not the states.

You cannot discuss this intelligently without understanding that basic tenant.

 

No. Enron's price gouging was a direct result of de-regulation, not regulation.

That is something Enron and the Bush family lobbied for for years. De-regulation. Don't forget it.

 

Bush Senior's 4 year term. Are you so young you didn't know about that?

Also, Bush helped Ken Lay and his buddies at Enron when he was governor of Texas. Remember, not only were they personal family friends but Bush lobbied strenuously for deregulation of energy for many years and then when it was deregulated he said the feds had no power to stop the price gouging.

Accounting fraud. It's called "Mark to Market" accounting, another thing the Bush family argued corporations should be allowed to use.

True. And recently released public documents show that Bush's energy policy was written (in a large part) by Enron execs. In many cases, word for word.

 

I suppose that is why one of the biggest economic booms in modern times was kicked off after Bush Jr. lowered taxes?

LOL!

 

I'll call a spade a spade every single time, can't hack it, stay out of the thread. You probably don't have the desire to reside on my level anyway, its stature is far beyond yours.

Its funny how all you liberals are the ones calling my "an infant" and "not old enough to remember Bush Seniors term", yet I'm the one that sides with personel responsibility not government cradle to grave programs. I may be a generation younger than you, but all that means is just that. You don't want to get called out for acting the way you act, STOP.

 

The hyporcracy from some people here is truely unbelievable.

 

Mark to market had nothing to do with the primary accounting fraud these folks perpetrated. It had to do with the "special purpose entities" that were used to keep debt off the balance sheet. Google "variable interest entities" and see the firestorm of accounting pronouncements geared toward consolidating "special purpose entities". This fiasco took down one of the largest public accounting firms in the world. The firm was bankrupt long before they were exonerated of criminal charges by the Supreme Court.

 

If you are a right-wing conservative it would be more accurate to say "womb to grave", not "cradle".

My favorite sign by a tea-bagger was "Keep the GOVERNMENT outta my Medicare!"

LOL!
I honestly wonder if he realized Medicare is a government program?:o

 

[QUOTE=Real;4169649]
Your more like "un-real"

 

Owned. Anything elso Habs?