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Post# of 252783
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Re: jbog post# 137840

Saturday, 02/25/2012 2:06:49 PM

Saturday, February 25, 2012 2:06:49 PM

Post# of 252783
Jbog, it does matter to the country in the long run who wins the next election. I figured it would take at least 5 years to being to correct the damage to the country from the financial chaos inflicted by the policies of the last decade. Hell, it would take 2 years or more just to stabilize the country. The country was hemorrhaging jobs BEFORE Obama took office, and you get idiots who look at job losses occurring from January 2009 through spring of that years as some sort of indictment of Obama's record.

The repeal of Glass-Steagle opened a risk to our commercial baking industry. Then you have the idiots who thought unregulated derivative would be just dandy because the private industry would self-regulate. How disastrous were those moves? Amazingly, we now get the view of many Republican candidates that the problem arose because there was too much regulation, so even less would be better for the country. If there is one thing we learned, or should have learned is that without strong regulations and vigilant oversight, the urge for maximizing short term profit at the expense of everything else will predominate.
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