Sunday, September 21, 2008
Deregulation is good, according to the folks who have to deal with all of those burdensome regulations. If it wasn't for the courage of the deregulators we would have horrific pollution, unsafe food and an economy in a shambles. Thank GOD we have some brave men--one of whom is an EX-POW, my friends--who will not let themselves be steamrolled by the nattering nabobs of regulativity. The market will, left alone, correct itself. If this isn't obvious to those of my readers who have watched the developments in the financial markets this week, then they must be socialistically blind. The market got into trouble because of FDR's failed social programs and if they hadn't pulled themselves up, by Mr. Paulson's bootstraps, their shareholders would be left holding the bag. As it is, they used their own gumption and resources to have their lobbyists go talk to the same lawmakers who let them get where they are today to extend a little credit. It's not their fault that the credible boobs they've loaned money too can't manage THEIR financial affairs. I think it's worth noting here that the Chinese who were often praised, and rightfully so, for doing such a bangup job of choreographing 8,000 dancers in the opening ceremony of "Leni II--Triumph Of The Will, Beijing" were not afraid to devote the resources necessary to achieve that feat. Hopefully, now that the olympics are over they will be able to send a few of the dancers back to their "day jobs" as builders and baby formula inspectors (http://www.nytimes.com/2008/09/16/world/asia/16milk.html?ref=worldbusiness). Regulation is the last refuge of the scaredypants. If you insist on regulation then the terrorists have won.