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  #1  
Old 07-15-2008, 06:05 AM
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Another BIG government failure...

Fannie Mae, Freddy Mac, need I say more?

Liberals wish to be judged by their intentions.
Look instead at the actual results of big-government liberalism.
Government intrustion into the realm of capitalism results in failure and misery.

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  #2  
Old 07-15-2008, 06:14 AM
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http://www.themortgagereports.com/2008/07/homeowners-and.html#more

a must read.
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  #3  
Old 07-15-2008, 07:35 AM
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Quote:
Originally Posted by Howitzer View Post

Excellent article.
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  #4  
Old 07-15-2008, 09:45 AM
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Originally Posted by MS Fowler View Post
Fannie Mae, Freddy Mac, need I say more?...
They haven't failed, yet. And I believe that they have done a lot of good for many homeowners.
Quote:
...Liberals wish to be judged by their intentions.
Look instead at the actual results of big-government liberalism.
Government intrustion into the realm of capitalism results in failure and misery.
Is the problem with Fannie Mae and Freddie Mac too much government? Or too little regulation? If the government had been paying more attention to the mortgage situation might some of the current problems been avoided?

Capitalism doesn't exist without government. Without government we don't have contracts, patents, corporate structures, infrastructure, or a bunch of other things that capitalism needs.
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Old 07-15-2008, 09:51 AM
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Im sure we'll be getting the bill in the form of higher taxes when its all over.I'd like to know who's bright idea it was to change the policy and give home loans to people that couldnt afford it in the first place.
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  #6  
Old 07-15-2008, 11:23 AM
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Bureaucracy's answer to any problem is an increase in regulation and an increase in the bureaucracy and an increase in budget.

B
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Old 07-15-2008, 11:27 AM
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Bureaucracy's answer to any problem is an increase in regulation...
Is that always a bad thing? I don't think so.
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  #8  
Old 07-15-2008, 11:37 AM
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Is that always a bad thing? I don't think so.
Didn't indicate goodness or badness, just the general rule.

Additionally, it is nearly axiomatic that increasing government size and power decreases liberty.

In combination, those 2 observations argue for caution in regards to feeding the monster in order to make it obedient and responsive, lest the cure be worse than the disease.

B
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Old 07-15-2008, 01:37 PM
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Is that always a bad thing? I don't think so.

Increases in regulations or increases in bureacacy all contribute to increased costs born by taxpayers/ consumers which lowers everyone's standard of living.
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Old 07-15-2008, 01:46 PM
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Originally Posted by MS Fowler View Post
Increases in regulations or increases in bureacacy all contribute to increased costs born by taxpayers/ consumers which lowers everyone's standard of living.
So you're saying for example that instead of trying to regulate the amount of lead in kid's toys, we should just let the manufacturers and importers do whatever the hell they want. Brilliant.
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  #11  
Old 07-15-2008, 01:52 PM
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Originally Posted by DieselAddict View Post
So you're saying for example that instead of trying to regulate the amount of lead in kid's toys, we should just let the manufacturers and importers do whatever the hell they want. Brilliant.
That's a valid point.

I think it comes under the commerce clause, making it a federal case, in my ideal world. If it's all within a state, mfr-to-sale, then I think it should be state or local enforcement, on planet Botnst.
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Old 07-15-2008, 01:53 PM
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Originally Posted by DieselAddict View Post
So you're saying for example that instead of trying to regulate the amount of lead in kid's toys, we should just let the manufacturers and importers do whatever the hell they want. Brilliant.
He's probably against flashing lights on school buses and the American flag as well.

Unsolicited, you present an example of a regulation on his behalf and then criticize him for (apparently) being against that particular regulation. Very nice.
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  #13  
Old 07-15-2008, 02:11 PM
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Originally Posted by MS Fowler View Post
Increases in regulations or increases in bureacacy all contribute to increased costs born by taxpayers/ consumers which lowers everyone's standard of living.
By that logic, we should eliminate all regulations and bureaucracies.
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  #14  
Old 07-15-2008, 03:02 PM
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Originally Posted by dculkin View Post
By that logic, we should eliminate all regulations and bureaucracies.
Did I say to eliminate ALL regulation?

I was pointing out that added oversight, whether thru bureacratic growth, or increased regulations is, in essence, a hidden tax. We, or our reps, need to decide if the benefit is worth the cost. Unfortunately, our reps do not do a good job of that level of oversight. They assume, ( probably correctly), that no one is watching what they do.
OTOH, with the level of litigation in our present society, you might be able to argue that we elimiante all regs, and let the threat of lawsuits keep the big, bad corporations honest.
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Old 07-15-2008, 03:03 PM
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Originally Posted by DieselAddict View Post
So you're saying for example that instead of trying to regulate the amount of lead in kid's toys, we should just let the manufacturers and importers do whatever the hell they want. Brilliant.
You construct a nice straw man. And then you are able to destroy him. Brilliant!

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