Sad Outlook

You seem like a bright young lad. Bright enough, one would assume, to think for yourself.

But no. Like most Americans you're too "busy" to accept the responsibilities that Democracy demands of its citizens.

Instead, you numbly spout Ideology. Far less taxing, isn't it.

A Totally Unregulated Marketplace in the Financial industry pushed the kind of paper that "experts" like Greenspan applauded ... and has brought this country to its knees. It is now ~totally~ discredited.

But rigid Ideologues like yourself can't be bothered investigating the situation for yourself. If you did, you'd see the empty campaign rhetoric that sold you on two GOP administrations has also sold you and other members of the Middle Class down the river.

And now the Bush Administration is forced to bail out the failed Investment Banks. Why, it's downright Socialistic! The Gumment should stay out of the marketplace! Right?

What a dilemma for the Robots of the Right.

Thank you for your comments.
First of all, I wish I was that "bright" and a "young lad" for that matter.
I am close to 70 and have spent over half a century travelling and doing business in East Europe, USSR, South America and the Far East. I made a career out of working with communists and socialists, always through "Government Authorities" (as there would have been no one else to do business with.
I can assure you that the rate of stealth (by America's present perceptions) socialism has started kreeping into our culture many decades ago, even before WWII.
We are now a quasi-socialist country, no doubts.
I never suggested a "Totally unregulated" financial services industry. Of course there need to be rules and these rules must be enforced.
Government however, is the worst of all culprits, who is going to regulate them ? Perhaps if we had Term-Lomits for Congress we could keep our politicians a little less corrupted.
Our industry has been in the midst of a losing battle. Our bureaucracies have taken over and mostly "regulate" in self-interest, to justify their mostly parasitic existence. Our corporate taxes are the second highest in the world, Japan with it's decade long stagnation is a tad "ahead" of us.
Frankly, this election, as I see it, is perhaps the last breath of America as I knew it.
We have sold our properties over here in 2004 and moved our farming operations to Brazil, we are doing incredibly well.
PS - I am very disappointed in the Bush administration for it's blatant incompetence on illegal immigration and for going along with the Housing farce and the Ponzi type scheming on Wall St. But I do blame our present day gullible, poorly educated culture on our state of the nation. Remember: "Every People have the Government They Deserve" ...

Jay-

How prentensious of you to insinuate that free market capitalism failed through lack of regulation, and that somehow that is the right's fault.

You talk about Robots on the right, I suppose you would know since you seem to be a left leaning Robot.

Anyone with any common sense understands the breadth and scope of this particular dilema. Banking is the most regulated industry in our country. The failure lay not in lack of regulation but in the regulators themselves.

The politicians in chareg of regulating were asleep at the wheel and that includes memebers of both parties.

But then that isn't even the begining of it is it? You have done your homework right, at least you seem to imply as much. In that case you should realize that it is the social enginerring policies began by Carter, expanded by Clinton, and left alone by Bush, that caused this mess. To presume that government can fix the problem that they created by imnplementing leftist policy with more leftist policy is the height of lunacy.

Better get your circuitry checked your lefist robotics are showing.

Thanks! I failed to comment on that in my response to Jay

No problem.

Glad to give a hand.