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Is Capitalism Dead?

Mark Thirlwell: The End of the Free Market?

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MrEman Avatar
MrEman
Posts: 1
Posted: 06.17.10, 12:38 PM
FYI, deregulation started with Reagan, and the Savings and Loan crisis was the first part of this deregulation problem. Note that "some" members of the Bush family had involvement. "junk" loans happened under W's watch, and much of the problems that happened came from that. Not to say that Clinton was perfect, there was limited regulation, but the real dirt is on the "Republican" anti regulation/self regulation possitions. Funny how you cant seem to look at only Democrats as the cause of the problem, while most of the evidence supporting the Reagan economic policies have proven to be total losers.
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msoliday Avatar
msoliday
Posts: 0
Posted: 12.22.08, 10:17 AM
Who is to blame...everyone...are you kidding! Anyone who thinks we've been living in a free market with no government intervention is brain damaged. The community reinvestment act passed in 1977 by Jimmy Carter then deregulated by Bill Clinton opened the floodgates to poor people buying houses. The only problem with poor people buying houses...THEY ARE POOR! NO MONEY! The regulators were not asleep at the wheel they were told by the government to allow these bad mortgages. The President himself at the time (Bill) was telling people that housing prices were only going up and that we need to make the "American Dream" available to everyone. This guy has his head up his butt or is brainwashed by the media or his own naive ideologies.

Another point: You can't have a free market when the government is manipulating the currency through the federal reserve system. Huge influx of money (printing money out of thin air) and changing interest rates...yeah free market...right.

open your eyes dude!
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