soc.veterans

"!Jones" wrote in message
news:04cot391gvo7p0afdihahiao84uej06aji@4ax.com...
> On Sat, 15 Mar 2008 12:25:22 -0400, in alt.war.vietnam "Sid9"
> wrote:
>
>>Our short memory of the 1929
>>crash allowed Republicans led
>>by Reagan to push deregulation
>>to the point where bank and
>>brokerages were allowed to
>>combine....we forgot...now we pay
>
> There were *reasons* for the 1929 crash. We claim to have "fixed"
> them... right. The reason that the crash happened is because
> economics flow like the tide.
>
> Be aware that the world does not revolve around the US and that, in
> 1929, the US economy was just behind Poland in GNP... twenty-something
> in ranking. When the crash came. it hit countries with stiff
> regulation just as hard as it hit economies with none at all.
>
> You're taking a microscopic view of the Crash of '29 as a US event...
> it was no such thing; moreover, it will happen again *regardless* of
> what we do... all we can do is mitigate its impact. Note that
> countries with weak regulation (e.g. The US) tended to cope slightly
> better than countries with strict regualtion (Germany, for example.)
> All economies went belly-up; unregulated ones were better able to
> adapt to the sudden change... some say.
>
> Jones
>

Financial panics were the rule
before FDR's Democratic New Deal.

Deregulation has us marching backward.

S & L Crisis
Mortgage Crisis
Energy Crisis
(did I leave any out)

All a result of "Deregulation"

Regulations were put in
place to stop the very
abuses that have occurred
since "deregulation"

Since Reagan, America
marches backwards in
education, science,
energy, and financial
stability...except for an
eight years respite
while Democrat Clinton
was in office.