Regulation

Discussion in 'Politics' started by g5000, Oct 6, 2017.

  1. otto105
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    otto105 Senior Member

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    Did you take an Economics class before you posted this tripe?
     
  2. g5000
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    g5000 Diamond Member

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    I am not saying take away ALL power. I am saying the federal government has far exceeded its intended limits and needs to be considerably reeled in so our economy may function more efficiently, and provide a level playing field for everyone.
     
  3. otto105
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    otto105 Senior Member

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    Can you provide an example of a successful country which has low government and regulations which you are advocating for?

    Then maybe this thread has a point.
     
  4. Bootney Lee Farnsworth
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    Bootney Lee Farnsworth Silver Member

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    You start making good points, but then you deviate into the same trap you sprang. I don't want ANY government regulating ANYTHING unless i is ABSOLUTELY UNAVOIDABLE. I don't care who is in the white house.
     
  5. OldLady
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    OldLady Gold Member

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    I thought this was going to be enlightening, but no. This is what I get for trying to learn anything about economic or financial anything. Put on your dunce cap and go sit in the back, Old Lady, we haven't got time for you.

    Well, specifically, what regulations are putting power into the hands of the giant corporations and (I'm guessing) banks? Will Trump's idea of getting rid of two regulations for every one that is proposed do that trick, or will that just willy nilly get rid of some that no one cares about anyway?
     
  6. OldLady
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    OldLady Gold Member

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    How does Congress enact a budget each year and when necessary change the tax structure if they can't change it?
     
  7. g5000
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    g5000 Diamond Member

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    Trump's idea of getting rid of two regulations for every one is amateurish and stupid. It's a simpleton's solution to a problem he clearly has no clue about.

    It reminds me of when I was in the military and a directive came down to cut all training courses at our command by ten percent.

    The order was not to determine which courses had fat in them or could be trimmed. The order was to arbitrarily trim EVERY course by ten percent.

    Training is critical to readiness. To assume EVERY course could be cut by ten percent was one of the most boneheaded assumptions I ever saw.

    Trump ASSUMES every agency can cut two regulations for every new one they create. It's idiotic thinking.

    More than idiotic, it is sheer laziness. It's the sign of a person who does not want to do the hard work of actually taking the time to identify unnecessary regulations. It shows a total lack of talent for the job.

    As for the banks and Dodd-Frank, the financial industry screwed the proverbial pooch. They asked to have derivatives completely unregulated, and they asked the federal government to pre-empt state laws regulating casinos and bucket shops. Why would a bank need to be exempt from laws against bucket shops and laws regulating casinos? That should have been a HUGE signal something evil was afoot.

    Not one conservative mouthpiece, not Fox News or Rush or Hannity or any other right wing propagandist, opened their mouth in outrage at the federal pre-emption of state laws.

    And they still don't, even though it happens nearly every day in bills before Congress.

    Republicans enact federal pre-emptions of state laws on a regular basis. They usurp the tenth amendment for breakfast. They are hypocrites of the first water.

    When the deregulation of the financial industry ended up bringing the world to financial armageddon, the backlash was Dodd-Frank.

    Instead of letting companies with bad business models go under, and allowing more efficient and better run businesses to supplant them, the federal government rescues the toxic companies under the guise of "too big to fail". As a result, each subsequent failure is larger than the last.

    Now those same corrupt and sclerotic companies are too big to save when the next downturn comes. We are all fucked.
     
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    Last edited: Oct 6, 2017
  8. g5000
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    g5000 Diamond Member

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    Congress should only be setting the tax margins and their rates. They should not be handing out gifts in the form of exemptions, credits, and deductions.

    This is the most corrupt practice in our history. What's more, it is government social engineering, and it is failing horribly. At huge expense to our children and our children's children.
     
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  9. westwall
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    westwall USMB Mod Staff Member Gold Supporting Member Supporting Member

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    The PEOPLE of this country. The political class has been at war with we the PEOPLE for decades now. Why do you think that no matter how many times the Democrat party says we are here to help you but the only thing we ever see is their cronies being helped....with OUR tax money.
     
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  10. westwall
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    westwall USMB Mod Staff Member Gold Supporting Member Supporting Member

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    His idea has been tried elsewhere and it has worked pretty well. Just sayin... It ain't his idea.
     

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