tag:blogger.com,1999:blog-4019242355400566406.post3890978504306384089..comments2023-05-20T04:57:44.328-07:00Comments on Seda's Ramblings: Socializing Risk, Privitizing ProfitSedahttp://www.blogger.com/profile/13992966189983263290noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4019242355400566406.post-58768890180033146722008-09-25T10:54:00.000-07:002008-09-25T10:54:00.000-07:00Well said Seda. I think that on this issue partis...Well said Seda. I think that on this issue partisanship may finally capsize - seems like for once even the conservatives are smelling the skunk in the house. For the first time in his political career McCain has uttered the word "regulation" - hmm - isn't that "waffling". I say it couldn't have happened at a better time, it clearly shows who the crooks are and they're hoping to steal another trillion before their frat brother heads back to the ranch. I would normally vote a third party - but this year I'm 100% Obama.Anonymoushttps://www.blogger.com/profile/10387774648881038785noreply@blogger.comtag:blogger.com,1999:blog-4019242355400566406.post-22820825593759592122008-09-24T20:55:00.000-07:002008-09-24T20:55:00.000-07:00David,Yes, integrity is good. However, when we tur...David,<BR/>Yes, integrity is good. However, when we turn the fox loose in the chicken house and depend on his integrity to keep him from eating the chickens, we shouldn't be surprised when we lose our chickens. That's why we have regulation. <BR/><BR/>The same thing happened before the Great Depression. The Republican administrations of Coolidge & Hoover deregulated (or prevented regulation) of the financial markets, and it blew up on Oct. 28, 1929. FDR set up a lot of regulations to prevent such abuse, speculation, and fraud during the depression, and things went pretty well, overall, until the American oil peak in the '70's and ensuing OPEC embargo, which led to Reagan and 28 years of deregulation, ending, judging by McCain's reaction, with this latest blowup. <BR/><BR/>In other words, yes, ask for integrity, but demand accountability, too. Or, as Reagan might say, Trust, but verify.<BR/><BR/>And for god's sake, if you're going to privatize profit, let them take their lumps. Don't ask the middle class to bail out the ultra rich any more. I'm getting really tired of it. <BR/><BR/>In sum, David, there actually is one thing you can do. Vote. And, given the economic policy of the last 30 years, vote Democratic, especially for Obama. There's no guarantee the Dems will fix it, but it's a sure bet the GOP will only keep making it worse.Sedahttps://www.blogger.com/profile/13992966189983263290noreply@blogger.comtag:blogger.com,1999:blog-4019242355400566406.post-46837074702298621822008-09-24T13:47:00.000-07:002008-09-24T13:47:00.000-07:00nice blog seda. im linking this one.nice blog seda. im linking this one.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4019242355400566406.post-73367757548310709932008-09-24T11:04:00.000-07:002008-09-24T11:04:00.000-07:00I do not understand economics at all, so I am not ...I do not understand economics at all, so I am not sure what kind of system would work, but you are right, we need to change something. <BR/>I think that all politicians need to tap into a word called Integrity. "Everything rises and falls on leadership." If we have leaders who are devoted to integrity, maybe it will influence other leaders in this country. <BR/>I don't know all the reasons for the whole destruction of the financial companies, but I did hear about them lying in the accounting books, which is an integrity issue.<BR/>Anyway, all I can do is work towards it myself and challenge others to do the same!David and Sarah Carrelhttps://www.blogger.com/profile/14387355127535702980noreply@blogger.com