tag:blogger.com,1999:blog-316774933262163695.post6677520865622451358..comments2023-10-11T08:31:50.397-04:00Comments on moneythoughts: On Second Thoughtmoneythoughtshttp://www.blogger.com/profile/08462893426608294171noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-316774933262163695.post-78011371088935005862008-09-26T17:24:00.000-04:002008-09-26T17:24:00.000-04:00Winslow,This is going to be a close election and O...Winslow,<BR/><BR/>This is going to be a close election and Obama is going to need to have good weather and follow through by young voters that say they are voting for him. This is going to be a lot closer than I would like it to be. Go Obama-Bidenmoneythoughtshttps://www.blogger.com/profile/08462893426608294171noreply@blogger.comtag:blogger.com,1999:blog-316774933262163695.post-9614665370161497062008-09-26T17:10:00.000-04:002008-09-26T17:10:00.000-04:00I am hoping for an overwhelming victory for Obama...I am hoping for an overwhelming victory for Obama. If the results are so lopsided as to be the greatest in history, this will be an inspiration for America.winslowhttps://www.blogger.com/profile/13031974674813319353noreply@blogger.comtag:blogger.com,1999:blog-316774933262163695.post-14185119411998504032008-09-26T08:33:00.000-04:002008-09-26T08:33:00.000-04:00It is not that deep. For this you will have to be...It is not that deep. For this you will have to believe me. The assault on regulation was real. The safeguards and protections that were developed in the 1930's and 1940's would have served us well today, but the philosophy that the markets will regulate themselves (Milton Friedman, Ayn Rand and Alan Greenspan who lead the charge for deregulation, and was picked up by the Republicans that represent the business class in the United States, saw not only the tearing down of regulation, but the acutal deemphasis on enforcing the laws on the books. The rating agencies gave their stamp of approval to the sub-prime mortgage bonds and the big investment banking firms were only all too happy to make nice fees from underwriting junk. Greed, Greed Greed. Now they want a bailout.moneythoughtshttps://www.blogger.com/profile/08462893426608294171noreply@blogger.comtag:blogger.com,1999:blog-316774933262163695.post-54709388653830111232008-09-26T00:15:00.000-04:002008-09-26T00:15:00.000-04:00Dear Fred,It seems to me that the foundations crum...Dear Fred,<BR/>It seems to me that the foundations crumbled because they were actually non-existent in the sense that poor quality loans and their derivatives etc were merely simulations...pretend. I suspect we have now witnessed the insidious underbelly of post-modernism's slippery play with simulacra and its narcisistic tendencies. So, if this is the case then deregulation became one of the 'toys' of the 'pretend game'. Serious stuff. But how to create foundations which are firm yet flexible enough to move with the times and simultaneously accommodate the needs of the collective and the individual both existing in a globalised world yet also lived locally? The current dilemma is an opportunity in this sense... when you look at it from the outside.<BR/><BR/>We are watching the US very closely over here!<BR/>Cheers,<BR/>KathrynKathryn Brimblecombe-Foxhttps://www.blogger.com/profile/07215780023277041812noreply@blogger.comtag:blogger.com,1999:blog-316774933262163695.post-69201003628802156622008-09-24T16:29:00.000-04:002008-09-24T16:29:00.000-04:00Lou, I sure hope you are right. But, to be fair t...Lou, I sure hope you are right. But, to be fair to what I wrote, the final chapter would be close at hand IF the majority of voters continue to vote for people that represent a political-economic philosophy that ignores reality and pursues deregulation. Deregulation does not work. If the majority of voters can't figure that out by now, then, it is my opinion, that the final chapter is not far behind. The cornerstone of the Republican Party's political philosophy is deregulation. From Reagan to Bush to Bush, they have taken apart the safeguards that were put in place during FDR's administrations to protect the average American worker, with or without lunch pail. The Republicans hate FDR and the New Deal that he created to protect the people. The bottom line is that greed hasn't changed in 100 years. We will see this November how smart the people are.moneythoughtshttps://www.blogger.com/profile/08462893426608294171noreply@blogger.comtag:blogger.com,1999:blog-316774933262163695.post-72220434143440197462008-09-24T15:53:00.000-04:002008-09-24T15:53:00.000-04:00No Fred. This is still a great country. And this...No Fred. This is still a great country. And this is not the final chapter. It may be the last chapter that you and I get to be party to, but I'm pretty sure the final chapter to this one is a long way from being started.<BR/><BR/>The character and nature of the people of America haven't changed that much. There is a need, yes. And the man in the bib overalls and the lunchpail in his hand is starting to get up, to rise up, to make his loud and forceful voice heard. We will hear it in November. the WORLD will hear it in November. The AMERICAN is coming back.Anonymoushttps://www.blogger.com/profile/13024392628362568010noreply@blogger.com