Dear Friends,
Obama sees Obamacare in sight and he is already campaigning for more financial reform.
One must ask why the right attempts to reduce regulation, and the left attempts to increase regulation. To me, it is clear.
The right knows that freedom and liberty depend on the free flow of ideas and a reasonable amount of risk taking. The left is risk averse and therefore is, to paraphrase Churchill, good at redistributing misery with other people’s money. Their solution is layer after layer of suffocating rules and regulations.
If you analyze all the great financial fiascoes, there were rules in place, but they were either not enforced or a “legal” bypass was devised. It has become too difficult with conflicting regulations and arcane interpretations to clearly lay blame. So, in one respect, this has become a big game fed by the bureaucrats, the legal system, and the crooks.
This is, more and more, leaving the average citizen with invisible handcuffs on. Recall the stifling number of agency approvals needed to open a business in San Fransicko.
I think this problem is sinking in because it has been years since I’ve heard the refrain, “There oughta be a law!”
GEA
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