Conservatives: Let free markets work

Obviously the "free" market is free from responsibility or controls to safeguard the economy, freedoms and the little guys who may not have he bandwith to comprehend the scams and complexities of vultures. In the 20s people bought stock on margin without controls and look what happened. Safeguards were supposedly put in place so it would never happen again. Well it did, but it did it with the real estate industry. The free uncontrolled vultures unscupulously conned the small guy and ran away with tons of money for short term high profits. They knew this was wrong. and look out..the credit card debt out there is in the billions and many now not able to pay it with it's 22%+ rate on carried balances. So here we are again. What new scam will be next? There needs to be controls.

TyinPS has some good things to say, however the real issue is morals. When people loose the underpinning of what is right and wrong, and the motivation to enforce what is right and wrong, no system will work well. People have to agree to have moral laws regardless of the popularity of them. It was true back in the "wild west" and it's true now. What moral structure are you going to bring in that will even come close to the Bible? John Lennon's? Look at the history of the USA compared to any other civilization when run with Biblical values and there is no other option worth considering.

Biblical values? Can I really sell my daughter into slavery? Starting in the mid seventies the regulations put in place by the New Deal began to be dismantled. This de-regulation move was accelerated during the 1980's and the nation was put through the Savings and Loan fiasco. Remember when the free marketers tightened up their wet diapers and cried for "big government help"? The S and L meltdown tarnished the reputations of the Bush family (Silverado) John Glen and John McCain and the Clintons. Without reading Smith's "Theory of Moral Sentiments" which emphasizes sympathy for others (this is where Smith first introduces his concept of the invisible hand) it is easy to see why the greed of free marketers always ends up having the invisible hand slapping them on their butts! Obviously a free market is inherently the best able to provide for what Schumpeter called "creative destruction" allowing for a process of transformation to take place in the economy through radical innovation (think Oldsmobiles replacing horse drawn wagons, petroleum products replacing whale oil) Maybe Marx was right when he talked of the concentration of industry and the capitalist class planting the seeds of its own destruction. We may not end up with a dictatorship of the proletariat but we may go back to the horse and buggy days if free marketers insist upon markets unregulated either by law or morals. We have chosen to mortgage our country to the Communist Chinese, and gut the industrial base of this great nation. James Joyce once wrote, the proudest boast of an Englishman was "I paid my own way." Bush, Cheney, McCain and company don't want to pay taxes to finance their schemes? Quit selling me to Persian Gulf Oil Satraps and Communist Chinese. We need a multitude of competing companies, compensation caps, and the division of spheres of financial activities at a bear minimum if we are going to have a stable market. If not, watch out for the invisible hand, its fickle finger of fate may stick you in a rather uncomfortable place!

SOCIALISM

The government is like a baby's alimentary canal, with a happy appetite at one end and no responsibility at the other. Ronald Reagan A government big enough to give you everything you want, is strong enough to take everything you have. Thomas Jefferson. Where are our leaders/ patriots?

US Congressional testimony has confirmed the securities liability incurred by American taxpayers from the Bush & democratic bailouts (Bear Stearns + AIG + Fannie Mae & Freddy Mac + $700 BILLION giveaway) to be $63 TRILLION or more. Why were the debates limited to senator John McCain and senator Barack Obama who were responsible for the greatest robbery in the history of the world? They have just robbed 300 million americans of $63 TRILLION. The only way america can be saved is to elect Ralph Nader who is an honest american and would go after these crooks. Bush and the political crooks have ruined the global economy and threaten Russia and Germany. The only way to save Germany and Russia from the Bush infection is to isolate America like a deadly disease. Paulson should be in Guantanamo jail as an enemy combatant. This crook is head of the Bush Bank Robbers gang. This crook stole $63 TRILLION from 300 million americans. He deserves aggressive interrogation and daily waterboarding for the next 25 years. McCain put this crook in Guantanamo jail and you will be elected.

Hey Barack Obama where is my bailout check? My cousin was a wall street crook! Bush is a wall street crook! Clinton is a wall street crook! Dodd is a wall street crook! Kanjorski is a wall street crook! You just gave $700 BILLION to wall street crooks. The wall street crooks want their bailout check now!!!

A lack of regulation has allowed the creation of over $180 trillion in derivatives, all in the name of greed. We do not need less regulation, because there will always be greed and people who take whatever they can get. These protesters are fools.

I was there, and I am NOT a fool.