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Old 02-18-2009, 04:31 PM   #33
SilverGlow
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Drives: 2007 Yaris Hatchback
Join Date: Oct 2008
Location: Southern California
Posts: 189
Quote:
Originally Posted by daf62757 View Post
I would have to disagree, in part, with you SilverGlow. Government never can do what the private sector can do. With the exception of the military, name one government program that is carried out under budget. Government is the problem. You only have to look at the home mortgage problem to highlight that government took a bad problem and turned it into a national disaster. Same with gas prices. They dictated how gas will be made, wouldn't allow new refineries, and stopped new drilling. The result has been $4 gas prices that, in combination with the home mortgage problem, have almost sunk our economy. Any government program...ANY...has a 180 degree result. It spends more than it planned and never can accomplish its goals and objectives.
And you so willfully refuse to list the private sector F-ups like Enron, Madoff, GM, Ford, Chrysler, and the many other PRIVATE companies that have made really bad mistakes because of greed.

I agree that government should not dictate, but for you to blame it all on the government and not mention the massively bad F-ups the private sector created is plain wrong.

Big Gov is bad, and inefficient. However unregulated private enterprise is just as bad if not worse.

The answer is something in the middle.

And as to this latest mortgage F-up, the blame is 90% private sector companies, and 10% mortgage loan holders (Joe Publict) for agreeing to really stupid loan terms. If the government is to blame, it is to blame for lack of regulations.
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