I parted ways with Sarah Palin yesterday - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

Tex · 09-17-2008, 02:25 PM

*cue sound of hell freezing over*

While our more liberal friends here fret over Palin potentially removing "Heather Has Two Mommies" from our public libraries, yesterday I was unhappy with some of her comments about how a McCain administration would handle Wall Street.

She (and McCain) seem to think that more regulation is the answer. They think the regulatory agencies haven't been doing their job, and that's why these companies are in trouble. I even heard McCain vow that this would not happen again under his tenure. Really, John? You gonna legislate how they invest now?

Enron gave us the disaster that is Sarbanes-Oxley. We don't need another one of those. We need less gov't involved, and to let market forces play their role.

Palin has a touch of a populist in her, and I really don't like that. I can barely stand McCain as it is, so this just reinforces my distaste, but however much I like his running mate, I'm constantly reminded that he'll be the one running the country.

Ugh.

MikeWaters · 09-17-2008, 02:27 PM

I take it you are against all these federal interventions in saving these companies. As well as against federal backing of any mortgage.

SeattleUte · 09-17-2008, 02:38 PM

Quote:

Originally Posted by MikeWaters

I take it you are against all these federal interventions in saving these companies. As well as against federal backing of any mortgage.

Tex, answer Waters' question. Anyone who's taken handouts from parents knows loss of independence is a price. How do you answer Barney Frank's diabolical logic?: “I mean this is one more affirmation that the lack of regulation has caused serious problems. That the private market screwed itself up and they need the government to come help them unscrew it.”

MikeWaters · 09-17-2008, 02:41 PM

essentially the govt. wants to regulate the private market so that there is less lying and cheating.

Company X says there product is worth $1 million. It's really worth $100,000. Company Y buys the product. Company Y sells to Company Z. And so forth. In Tex's world, the lies are ok, and should not be regulated.

Tex · 09-17-2008, 02:56 PM

I allow that a certain amount of regulation is necessary, and Palin may be right that it failed. I simply don't believe more is the solution.

I don't understand the intricacies of these ballouts enough to say whether they are good or bad, but generally speaking I'm against them.

As to the "little guy" who gets hurt ... many little guys getting hurt now are people who bought too much house, or had no business buying a house in the first place. We cannot expect the gov't to insure us against our bad business decisions, or against the reality of the business cycle.

Welcome to a capitalist society, folks. People take risks, and make and lose money.

BYU71 · 09-17-2008, 03:02 PM

Quote:

Originally Posted by Tex

I allow that a certain amount of regulation is necessary, and Palin may be right that it failed. I simply don't believe more is the solution.

I don't understand the intricacies of these ballouts enough to say whether they are good or bad, but generally speaking I'm against them.

As to the "little guy" who gets hurt ... many little guys getting hurt now are people who bought too much house, or had no business buying a house in the first place. We cannot expect the gov't to insure us against our bad business decisions, or against the reality of the business cycle.

Welcome to a capitalist society, folks. People take risks, and make and lose money.

You would like the game to be a little fairer though. You are now seeing those who took advantage of the game getting hammered. Trust me there are some fat cats losing fortunes right now and I cheer.

exUte · 09-18-2008, 03:49 AM

Quote:

Originally Posted by BYU71

You would like the game to be a little fairer though. You are now seeing those who took advantage of the game getting hammered. Trust me there are some fat cats losing fortunes right now and I cheer.

days. He was helping those who's income didn't justify the cost of their homes, get a mortgage. I'm sure he and others like him made out just fine.

BarbaraGordon · 09-18-2008, 04:06 AM

exUte, out of curiosity, is it harder to come to terms with the fact that everyone regards you as an unmitigated asshole, or with the fact that they excuse you for it because of your infinitesimal intelligence?

Tex · 09-18-2008, 02:09 PM

Yeah, I'm really not a fan of the populism. Last night Palin was giving a pretty good town hall speech on energy, until she started referring to the oil companies' civic duty to produce oil because "people are hurting."

Memo to all politicians, R and D: COMPANIES EXIST TO MAKE PROFIT. That's it. It's not hard.

Every time I hear McCain talk about punishing the "greed on Wall Street" I just cringe.

Archaea · 09-18-2008, 02:23 PM

Quote:

Originally Posted by Tex

Yeah, I'm really not a fan of the populism. Last night Palin was giving a pretty good town hall speech on energy, until she started referring to the oil companies' civic duty to produce oil because "people are hurting."

Memo to all politicians, R and D: COMPANIES EXIST TO MAKE PROFIT. That's it. It's not hard.

Every time I hear McCain talk about punishing the "greed on Wall Street" I just cringe.

You gotta sell something.

Jeez public, you should cheer Big Oil making huge profits while you file bankruptcy.

Do you really want Reps to stand solely for large industry alone? Large industry is no better to economies than government, and monopolies and cartels do not treat markets any more fairly than centralized economies.

09-17-2008, 02:25 PM	#1
Tex Senior Member Join Date: Dec 2006 Posts: 8,596	I parted ways with Sarah Palin yesterday cue sound of hell freezing over While our more liberal friends here fret over Palin potentially removing "Heather Has Two Mommies" from our public libraries, yesterday I was unhappy with some of her comments about how a McCain administration would handle Wall Street. She (and McCain) seem to think that more regulation is the answer. They think the regulatory agencies haven't been doing their job, and that's why these companies are in trouble. I even heard McCain vow that this would not happen again under his tenure. Really, John? You gonna legislate how they invest now? Enron gave us the disaster that is Sarbanes-Oxley. We don't need another one of those. We need less gov't involved, and to let market forces play their role. Palin has a touch of a populist in her, and I really don't like that. I can barely stand McCain as it is, so this just reinforces my distaste, but however much I like his running mate, I'm constantly reminded that he'll be the one running the country. Ugh. __________________ "Have we been commanded not to call a prophet an insular racist? Link?" "And yes, [2010] is a very good year to be a Democrat. Perhaps the best year in decades ..." - Cali Coug "Oh dear, granny, what a long tail our puss has got." - Brigham Young

09-17-2008, 02:56 PM	#5
Tex Senior Member Join Date: Dec 2006 Posts: 8,596	I allow that a certain amount of regulation is necessary, and Palin may be right that it failed. I simply don't believe more is the solution. I don't understand the intricacies of these ballouts enough to say whether they are good or bad, but generally speaking I'm against them. As to the "little guy" who gets hurt ... many little guys getting hurt now are people who bought too much house, or had no business buying a house in the first place. We cannot expect the gov't to insure us against our bad business decisions, or against the reality of the business cycle. Welcome to a capitalist society, folks. People take risks, and make and lose money. __________________ "Have we been commanded not to call a prophet an insular racist? Link?" "And yes, [2010] is a very good year to be a Democrat. Perhaps the best year in decades ..." - Cali Coug "Oh dear, granny, what a long tail our puss has got." - Brigham Young

09-18-2008, 02:09 PM	#9
Tex Senior Member Join Date: Dec 2006 Posts: 8,596	Yeah, I'm really not a fan of the populism. Last night Palin was giving a pretty good town hall speech on energy, until she started referring to the oil companies' civic duty to produce oil because "people are hurting." Memo to all politicians, R and D: COMPANIES EXIST TO MAKE PROFIT. That's it. It's not hard. Every time I hear McCain talk about punishing the "greed on Wall Street" I just cringe. __________________ "Have we been commanded not to call a prophet an insular racist? Link?" "And yes, [2010] is a very good year to be a Democrat. Perhaps the best year in decades ..." - Cali Coug "Oh dear, granny, what a long tail our puss has got." - Brigham Young

09-17-2008, 02:27 PM	#2
MikeWaters Demiurge Join Date: Aug 2005 Posts: 36,367	I take it you are against all these federal interventions in saving these companies. As well as against federal backing of any mortgage.

09-17-2008, 02:41 PM	#4
MikeWaters Demiurge Join Date: Aug 2005 Posts: 36,367	essentially the govt. wants to regulate the private market so that there is less lying and cheating. Company X says there product is worth $1 million. It's really worth $100,000. Company Y buys the product. Company Y sells to Company Z. And so forth. In Tex's world, the lies are ok, and should not be regulated.

09-18-2008, 04:06 AM	#8
BarbaraGordon Senior Member Join Date: Nov 2006 Location: Gotham City Posts: 7,157	exUte, out of curiosity, is it harder to come to terms with the fact that everyone regards you as an unmitigated asshole, or with the fact that they excuse you for it because of your infinitesimal intelligence?