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What Caused the Financial Meltdown?
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<blockquote data-quote="Braveheart" data-source="post: 404380" data-attributes="member: 5831"><p>Both sides are to blame. The Republican Congress pushed through a bill in 1999 that gutted the Glass-Steagal Act of 1933 and Clinton the Democrat signed it. The deregulation that transpired since has permitted the "boys" on wall street to go wild.</p><p> </p><p>We actually need both sides people. They are called checks and balances. We need some conservative values, some liberal values, and alas some moderate values.</p><p> </p><p>We could ban all the liberal social agencies that help or protect the people.</p><p> </p><p>We could ban all overtime pay and everyone get paid salary, ban minimum wage laws, get rid of worker's comp and unemployment, dump social security and medicare, close all the mental health clinics and drug rehabs, get rid of child labor laws, eliminate FEMA and the SEC, close down the DOT and OSHA, eliminate the EPA and their pollution laws, close down the liberal unions and so on and so forth.</p><p> </p><p>I just want to know if we change our name to Mexico or China. And since those countries do not have an ounce worth of those overly protective laws and agencies then why are we not all packing up and moving to those countries? </p><p> </p><p>If you are a person who has never benefited from any of those laws or agencies then your name would be Grizzly Adams.</p></blockquote><p></p>
[QUOTE="Braveheart, post: 404380, member: 5831"] Both sides are to blame. The Republican Congress pushed through a bill in 1999 that gutted the Glass-Steagal Act of 1933 and Clinton the Democrat signed it. The deregulation that transpired since has permitted the "boys" on wall street to go wild. We actually need both sides people. They are called checks and balances. We need some conservative values, some liberal values, and alas some moderate values. We could ban all the liberal social agencies that help or protect the people. We could ban all overtime pay and everyone get paid salary, ban minimum wage laws, get rid of worker's comp and unemployment, dump social security and medicare, close all the mental health clinics and drug rehabs, get rid of child labor laws, eliminate FEMA and the SEC, close down the DOT and OSHA, eliminate the EPA and their pollution laws, close down the liberal unions and so on and so forth. I just want to know if we change our name to Mexico or China. And since those countries do not have an ounce worth of those overly protective laws and agencies then why are we not all packing up and moving to those countries? If you are a person who has never benefited from any of those laws or agencies then your name would be Grizzly Adams. [/QUOTE]
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