I was sort of surprised at your "welcoming all challengers" comment here. I realize you are somewhat disgusted with my viewpoints, but up until now it had been pretty respectful. That's ok, I respect your passion for your viewpoint.
How is me saying our country has been built on compromising somehow being disrespectful to you? Of all the things you could take offense to, this would have been right at the bottom of my list of possibilities. Im honestly confused here.
Im not 'disgusted' with anything you've said here. I have, more than once, tried to explain that I do respect your opinion. This just feels like more of the same thing you tried on me yesterday by claiming I said we should just 'give up', when I have never said any such thing (a point you failed to even acknowledge btw). Im not disgusted with you, your opinion, or your political choices. I think we are having a reasonably respectful discussion here. So please do not try to portray me as disgusted or in some other way angry or lacking respect. Thanks.
Our government was indeed set up for gridlock. There is no denying that.
Incorrect, our govt was designed as a machine which is lubricated with compromise. Our founding fathers did not design a system with gridlock in mind as the intention. To suggest as such seems beyond absurd to me. What it has grown into, however, is a system which is lubricated by political polarization. You are helping feed that polarization by accepting that liberals simply want a welfare state, and the removal of individual liberty.
What we have seen the last 3 years is supermajorities of the most overreaching leftist agenda this country has ever seen.
I agree. With the attempt to implement social healthcare, that is hard to deny. But where you and I part ways is when you fail to see that republicans have tried to lean too far in the other direction as well. Again, the deregulation of the banking/lending system is a prime example.
I think if you'll read the article I posted on the community reinvestment act you'll see that the banks were FORCED by the federal government to give loans to people that could not pay them back. The government would prosecute banks that did not give these loans. (0 down financing, no background checks or credit history) The banks realized this was going to blow up in their face and continued selling them in packages as "mortgage backed securities" etc and traders kept buying them until they realized they had no real value. Then they would sell them again and pass them on down the line. Eventually they had lost so much value and people were stuck with so many... collapse time. REGULATION CAUSED IT!!!!(as with every financial disaster in American History). It is verifiable and I have provided links to it. A little research will confirm this.
Many things lead to the current crisis, yes including too much regulation in some places. But its much more accurate to say that the over all problem was too little regulation, where it was needed most. In 2004 the SEC lowered regulations on the amount of debt a lending institution could have. IN 2007, the top 5 investment banks in the US posted over $4 trillion in debt, approx 1/3 of the entire US economy.
Its also more accurate to say that quasi-legal actions on the part of those investment banks, in the form of marketing and selling of mortgage backed securities, to insure their own profit margins, was a major contributor to the financial crisis. S&P gave AAA ratings to ENRON days before it filed for bankruptcy. It also gave artificially high ratings to those risky mortgage backed securities we now know lead to the crisis. How is that caused by too much regulation? Its not, it was caused by not enough oversight which allowed individuals, and individual institutions, to risk what amounted to the health of the entire economy, to gain their own personal growth. Take on a bunch of high risk mortgages? No problem, just bundle them together, slap a AAA rating on them, sell for a profit, take home your multi-million dollar bonus at the end of the year. Its no secret that the CEO's of those investment banks did, and continue to this day, to 'earn' huge salaries and bonuses even though their companies have lead to the greatest financial crisis in several generations. Again, not a symptom of too much regulation, a symptom of too little. But the over all situation is so vast that its easy to gerrymander a few talking points to create the illusion of whatever cause you want, such as what you've attempted to do here by saying too much regulation lead to the crisis.
I think this last paragraph is logically indefensible. Do all rich people have money pens like scrooge mcduck? Do they take swims in their money? What is the point of having wealth? It is to spend it on goodies they want. Yahts, homes, the latest gadgets and electronics, cars, etc. Heck they may want to earn more by starting another business and creating more jobs. When they spend any of that money what happens? That's right, it keeps people in a job. It circulates money throughout the economy. So we can all talk about how much we hate the rich... how greedy they are etc, but a simple economics class will tell us that the more money they have, the better it is for EVERYONE.
When did I say I hate the rich? Must have been that same reply where I said we all might as well just give up and not even try. //content.invisioncic.com/y282845/emoticons/wink.gif.608e3ea05f1a9f98611af0861652f8fb.gif But seriously, yes I understand the idea behind trickle-down, and Ive been seen here on ca.com, more than once, defending it. But even a successful trickle-down effect must be controlled by regulation, or individual greed will unravel the whole ball of twine. Im sure in a world of haves and have-nots, you'd be happy to be one of the have-nots, so long as you could put even just meager food on your table by building yachts for the elite super-rich, right?
"Rich people" are not the problem, its human nature to strive for individual success over societal success. If you claim you would gladly live the life of a pauper, so that everyone else around you could live at a higher standard, than you would be one rare human being. Even at the very core of conservatism, a free-market society, it is acknowledged that people are inherently greedy. Its merely suggested that this greed can be made to help improve society as a whole. Not many enlightened people think we should attempt to build a society on the notion that people are inherently generous.