Comments on: Huckabee: McCain Has Always Been Against Regulation, Knows Market ‘Will Correct Itself’

By: Ididntvoteforbush

Ididntvoteforbush — Thu, 18 Sep 2008 01:31:13 +0000

Well i honestly think if we did let these banks and whatnot fail the market would correct itself. But what we have now, with no regulation and then massive corporate bailouts is the worst of both worlds.

By: Doc Rock

Doc Rock — Wed, 17 Sep 2008 22:00:54 +0000

The Republican are planning on singing the whole song book and hoping voters will just listen to whichever tunes they prefer.

By: Xisithrus

Xisithrus — Wed, 17 Sep 2008 21:31:59 +0000

Support the kleptocrats.

VOTE

Squirrel/Moose ‘o8

By: Buckie Boy

Buckie Boy — Wed, 17 Sep 2008 21:22:38 +0000

The economy is -449 strong….again….today.

Monday it was over -500 strong…

…seems to be getting minus strong everyday.

By: Yankeluh

Yankeluh — Wed, 17 Sep 2008 21:12:51 +0000

Yep he is a deregulator, just ask Charles Keating.

By: Badger

Badger — Wed, 17 Sep 2008 21:10:50 +0000

Obama needs to Educate the Voters about the causes of this “Meltdown”.

I’m hoping the “Commodity Futures Modernization Act”, pushed thru by ( Nation of Whiners) Sen. Phil Grammm ….and “Credit default swaps ” become Household Words.

Sen. McCain needs to be asked about it. After all, John McCain chaired Sen. Gramm’s ill-fated campain for President in 1996.

We don’t neeed a 911 style commission to figure out what went wrong.

http://www.motherjones.com/news/feature/2008/07/foreclosure-phil.html

By: Xisithrus

Xisithrus — Wed, 17 Sep 2008 21:08:17 +0000

The people in Alaska, that big ol welfare state, get thousands of dollars a year. Where is my check?

By: Xisithrus

Xisithrus — Wed, 17 Sep 2008 21:05:39 +0000

I just want to know where my dividend check is for investing in all these things I didnt know I invested in. Like subsidising of corn, or oil, or gas, stocks, SIV’s, CDO’s, derivatives and junk bonds.

By: flavorino

flavorino — Wed, 17 Sep 2008 20:52:42 +0000

Professor Huckleberry weighs in: “Regulation isn’t the answer to this. In fact, if we go back and overregulate and tinker with it, we’re going to do more damage than we are in terms of a fix.”

Hey Professor,you’re getting in over your head here. Maybe you should stick to your areas of expertise.
If we need any advice on preachin’, bass playin’ or a recipe for squirrel stew we’ll give you a call.

By: ralph the wonder llama

ralph the wonder llama — Wed, 17 Sep 2008 20:52:11 +0000

Republicans insist that the market will correct itself.

They are right about this; the only problem is that the way they want things run, the corrections will decimate our economy and disrupt the lives of millions of Americans, and the “corrected” market will probably be a fraction of the size and vitality of the economy we had only a few short years ago.

But that’s cool, though; the self-correcting market is what’s important. Those millions of Americans? They exist to serve the economy, not the other way ’round.

By: dbadass

dbadass — Wed, 17 Sep 2008 20:43:13 +0000

Does Huckabee think the market will handle shit? I would have thought his wacky god might have wanted to handle all that…

By: Wayne

Wayne — Wed, 17 Sep 2008 20:42:54 +0000

them_libs Says:

The market will only correct itself if there are consequences when failure happens. Bailing out businesses because of their failure creates no accountability.

Tell that to the Republicans currently running the White House. Your butt buddy Bush is responsible for the crash by deregulating and is the one bailing them out after they have ripped off all they can from tax payers

By: Leftside Annie

Leftside Annie — Wed, 17 Sep 2008 20:39:11 +0000

Hey, Huckie – maybe Jebus’ll fix it, eh?

By: Leftside Annie

Leftside Annie — Wed, 17 Sep 2008 20:39:10 +0000

Pray hard. Pray *VERY* hard.

By: Badger

Badger — Wed, 17 Sep 2008 20:38:10 +0000

As Mother Jones reported in June, eight years ago, Gramm, then a Republican senator chairing the Senate banking committee, slipped a 262-page bill into a gargantuan, must-pass spending measure. Gramm’s legislation, written with the help of financial industry lobbyists, essentially removed newfangled financial products called swaps from any regulation. Credit default swaps are basically insurance policies that cover the losses on investments, and they have been at the heart of the subprime meltdown because they have enabled large financial institutions to turn risky loans into risky securities that could be packaged and sold to other institutions.

By: kasinca

kasinca — Wed, 17 Sep 2008 20:31:14 +0000

I just heard the dumbass Ron Christie say that John McSame has the eperience to fix Wall Street because he fought for campaign finance. Give me a freaking break. The same Campaign Finance law he is in violation of.

By: regular_joe

regular_joe — Wed, 17 Sep 2008 20:30:55 +0000

HUCKSTER: Regulation isn’t the answer to this.

For once the Huckster’s right: it won’t correct the problem to close the barn door AFTER the horses have already gotten out. No, regulation would have come in handy BEFORE the situation degenerated into a crisis… Too bad that, to Repugs like the Huckster and McSame, “regulation” is a dirty word.

Common sense says that an ounce of prevention is worth a pound of cure, but I guess that all depends on who has to PAY FOR IT. The Repug notion of the marketplace correcting itself amounts to little more than “privatize the profits, socialize the risk.” During the Chimp Administration, those deregulatin’ Repugs allowed greedy, white collar criminals to profit handsomely from all the shady financial shenanigans that they could invent … until the bottom fell out. Now it’s up to the tax payers to bail them out. So you see, to Repugs, a tax payer bail out IS “the marketplace correcting itself.”

By: CitizenE

CitizenE — Wed, 17 Sep 2008 20:21:02 +0000

Self correcting eh? Well I have some debts Mr. Huckabee can assume; I am sure that things will correct themselves after he pays for my debts. Look it, the American taxpayer has a right to demand that its government poke their nose in the business of an industry basically stealing–is this not a form of taxation without representation–his or her money, not to mention wrecking the world and nation’s economy with all those secondary and tertiary costs that don’t go factored in. You can’t tell me that I living in the downstream trickle don’t have the right to enact laws to keep you from shitting in the stream above me.

By: the Lone Voice of Reason

the Lone Voice of Reason — Wed, 17 Sep 2008 20:09:24 +0000

I think the GOP is trying to set up another senile puppet leader (with a Quayle wannabee VP), what better way to maintain their stranglehold on everything in this country?
And Repubs don’t get all whiny about the age thing-it IS a factor as you can obviously tell. I take my father-in-law to the doctor for a check-up when he gets like that (can’t make up his mind and lying), and the man usually has had a mild stroke.

By: stateofthedivision

stateofthedivision — Wed, 17 Sep 2008 20:08:53 +0000

Let’s see, there’s regulation and enforcement of said regulations. Bush and Republicans have been AWOL on both.

When the core of a sold asset is pooled options, America has serious problems. Much of Bush’s lauded “financial innovations” wound out returns on the way up. But turn those returns negative and they become a knife closing with amazing speed, thus the blood.