 morboComplete Your Transaction
join:2002-01-22
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1 edit | reply to needforspeed59
Re: Leave to Beaver (the Government) said by needforspeed59:Just wait until they get a hold of your health care! let's review why your comment is misguided:
the "industry is more 'efficient' than government" folk have brought us the destruction of the U.S. economy, stock market, and a deep recession.
but apparently government will REALLY mess things up. 
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 NickPurveyor of common sensePremium,VIP,MVM
join:2000-10-29
Smithtown, NY | Umm, you can already see this in healthcare...
I just renewed my benefits for next year and I have to pay 100$ more for the "same" coverage where the only thing remaining "the same" is the name. They reduced coverage for things like emergency room from 100% to 90%. And I get to pay more for this privilege.
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Stupidity, like hydrogen, is one of the basic building blocks of the Universe.
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| reply to morbo
said by morbo:said by needforspeed59:Just wait until they get a hold of your health care! let's review why your comment is misguided: the "industry is more 'efficient' than government" folk have brought us the destruction of the U.S. economy, stock market, and a deep recession. but apparently government will REALLY mess things up. If you consider the CRA (Democratic idea) FORCED banks to loan $$ to people that had no way to afford it and that SOx (another government reg) has messed many businesses up, etc. Yeah, I'd say the government F's plenty up.
Do you really trust the government - the butt of most jokes (and true) to really look out for your best interest? |
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morboComplete Your Transaction
join:2002-01-22
00000 | i trust myself to look out for my best interests. i think people that blame government for all our problems are selectively blind. the example i gave shows that private enterprise has fucked up plenty good. sure, government makes mistakes too, but credit default swaps, etc. were private enterprise dream that is imploding our economy. our financial entities are a complete joke and basically insolvent. the system is being held together with kite string. to blame this crisis (the bubble and implosion) on the tiny percentage of folk that received loans that were "forced" by government is ignorant. don't look at the scape goat (the poor people). follow the money trail to find the answers. |
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NickPurveyor of common sensePremium,VIP,MVM
join:2000-10-29
Smithtown, NY | Short sighted greed got us where were are now.
Greed is good, it makes companies try to out-do one another. The issue we run into is that "management" no longer wants to steer private industry for long term benefits, they just want the quick buck because if they don't produce something huge every 3 months the "street" drops them.
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Stupidity, like hydrogen, is one of the basic building blocks of the Universe.
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 KrKHeavy Artillery For The Little GuyPremium
join:2000-01-17
Tulsa, OK
 ·AT&T DSL Service
| reply to itguy05
said by itguy05:If you consider the CRA (Democratic idea) FORCED banks to loan $$ to people that had no way to afford it That's not accurate at all. The policy encouraged banks to be more flexible in the "sub-prime" market... It didn't require them to make bad loans, nor did it require them to push and market products based on the belief that real estate would just keep going up and up. That was fallacy, and people did speak out against it, but the profits short term looked so good... screw the after-effects. Until it collapsed, of course...
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"Fascism should more properly be called corporatism because it is the merger of state and corporate power." -- Benito Mussolini
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