- #1
RudedawgCDN
As a Canadian I have to admit our politics are pretty boring - we have a solid banking system, I have a home that is worth what it was 4 years ago before the collapse and I have excellent health care coverage. So it always amuses me to watch what happens in your discussions about health care and regulation in the banking sector in your country.
I remember when George Bush left office the American and the world economy was in the toliet. 500,000 Americans were losing their job each and every month and 1 in 8 Americans were losing their homes to foreclosure.
Here's what I don't understand.
Why do Americans have such a short memory?
If deregulation is a good thing, how come your banks and wall street needed to be bailed out?
Why didn't they prosper with the lack of regulation?
If the argument is you allow deregulation, and you allow the banks and wall street to collapse from their own mistakes - how does that create jobs?
So, let me get this straight - you allow deregulation so your banks collapse, they go bankrupt - people lose their savings, people lose their jobs.
And this is a good thing for your economy and job growth?
Seriously, how do you make that argument with a straight face?
If the argument is that the consumer caused the collapse by over leveraging themselves - how is that an argument that deregulation (lack of rules) for consumers/bank lending practises helped your economy?
I keep hearing the argument that "big" government and too much regulation is killing jobs - but didn't you have a Republican president for 8 years called George Bush?
Why wasn't that his primary agenda if gov't regulations were causing job losses during his administration?
I never once heard George Bush or Dick Cheney during their entire tenure ever say that gov't over regulation was why Americans were losing their jobs.
Are you saying the economic problems he passed on to Obama wasn't his fault? It was the administrations policies before him?
It baffles me after the worst recession I've ever seen in my lifetime, to see so many people unemployed, so many people lose their homes - that people can still make the argument that gov't deregulation was a good thing for your economy.
I remember when George Bush left office the American and the world economy was in the toliet. 500,000 Americans were losing their job each and every month and 1 in 8 Americans were losing their homes to foreclosure.
Here's what I don't understand.
Why do Americans have such a short memory?
If deregulation is a good thing, how come your banks and wall street needed to be bailed out?
Why didn't they prosper with the lack of regulation?
If the argument is you allow deregulation, and you allow the banks and wall street to collapse from their own mistakes - how does that create jobs?
So, let me get this straight - you allow deregulation so your banks collapse, they go bankrupt - people lose their savings, people lose their jobs.
And this is a good thing for your economy and job growth?
Seriously, how do you make that argument with a straight face?
If the argument is that the consumer caused the collapse by over leveraging themselves - how is that an argument that deregulation (lack of rules) for consumers/bank lending practises helped your economy?
I keep hearing the argument that "big" government and too much regulation is killing jobs - but didn't you have a Republican president for 8 years called George Bush?
Why wasn't that his primary agenda if gov't regulations were causing job losses during his administration?
I never once heard George Bush or Dick Cheney during their entire tenure ever say that gov't over regulation was why Americans were losing their jobs.
Are you saying the economic problems he passed on to Obama wasn't his fault? It was the administrations policies before him?
It baffles me after the worst recession I've ever seen in my lifetime, to see so many people unemployed, so many people lose their homes - that people can still make the argument that gov't deregulation was a good thing for your economy.