Democrats Caused Housing Mess

[bigjon]

ManusJustus said:

bigjon said:

I am open to Obama and his ideas. Many of them go against economic principle, so I believe they would fail.

Funny, McCain is trying to copy Obama's stance on the economy.  All the sudden McCain has been a proponet of regulation when, in the past, he was far from it.

Myself, or anyone else on Earth for that matter, will make you change your mind.  But you can change your own mind, so I challenge you on the open mindeness that you claim to have.  You can start here with the bill that McCain passed and his economic advisor, Phil Gramm, wrote.

http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act

why did you not mention the fact the The Head of the Treasury at that time (under clinton) said (last week) that Gramm-leach-bliley, etc. had NOTHING to the current mess. Did you not notice that the dems had to reach back 9 years to find anything to pin on McCain? McCain just goes back to 04-05.

Again less regulation is a good thing, more oversight is a good thing.

McCain is being political. Right now is a bad time for people to advocate dereg. (which in most industries help a whole lot)

People who have no economic background think deregulation is the problem, it is easier for McCain to "conform" than to try to explain complex economic Ideas. I written a thesis on the affects of regulation in Gov... I've done a bit of homework on this one.

 

Did you know that The banking Industry is the most regulated industry in the US economy? Just a question.