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McCain finally doing the right thing.

Ron Paul on the Dollar: Given 1 Minute to speak: Bailout USD

imstellar28 says...

>> ^chilaxe:
^Whichever definition of 'free market' that we use, the cause of the crisis appears to be not enough regulation.
The entire financial sector was improperly managing risk, and without a bailout, the whole economy tanks, costing us more.

If we assume the problem was improperly managed risk to be the issue that needs regulation, what specifically would the regulation specify? Would congress pass a new lay stipulating:
1. All companies must diverse their holdings into at least X areas.
2. No companies are allowed to make choices which have risk > Y.
3. Companies with cannot have %Z of investments with risk > Q.
4. Risk is determined by the Department of Risk Analysis.

How can you justify such a law, even if it had some perceived good? The government would essentially be running the business for them if it is legally dictating all the decisions it makes. If it helps on wallstreet, why would you stop there? Why not have the government manage risk for ALL business owners?

Theres really a much simpler, and more effective regulation to specify, how about the government makes this a law:

1. All businesses which take a greater risk than their their diversified portfolio or their % of overall investment allows, and subsequently suffer unrecoverable losses, shall be sold off in an elegant and undramatic fashion to its competitors, who did manage their risk, at a price determined mutually beneficial. Said company, who properly managed risk, shall be rewarded with a greater market share than before.

McCain: The Fundamentals of the Economy are Strong

Crosswords says...

^
You're right about him trying to calm the waters, and I think that's better than him preaching the Doom & Gloom of the economy like Bush did back in '00. Causing fear and panic about the economy, never helps the economy, and if you're an important enough figure, aka president or potential president, it can cause the wallstreet folks to be very nervous. A lot of the stock market seems to run on fear and speculation.

On another note I don't think the doom & gloom approach would work well for him since his plan seems no different than Bush's.

The Myth of the Liberal Media

Doc_M says...

Saying the media is liberal should just be reworded to say "given the choice, the media will side with the democratic party" with the exception of Fox News, talk radio, and the Wallstreet Journal. I read a study that found that if you do not include Fox News in the survey, only 6% of those working for the mainstream media voted for Bush in last election. During that election, on election day, the bias of each media outlet was very painfully, but very hilariously obvious. If you watched the news that day, you know what I'm talkin about. Anyway, many studies have been done simply counting the number of positive and negative stories about presidential candidates and they always show that the media (except fox) is positive toward democrats far more often than it is positive toward republicans (and the converse). Who cares if that is liberal or just center globally. It's liberal in the USA... and that's what we're talking about.

And about lewinski? Of coarse they'll eat that up on every network. Ratings! If they dodged that story, they'd lose most of their audience to networks that didn't dodge it.
And Iraq? The media has been against that war from day 1... even before day 1. They report nothing positive about it and only recently have admitted ANY advances or successes. They ridicule any politician who focuses on positive results whether they're true or not. They ignore or attempt to marginalize every positive report there is.

"everyone hates fox"
yeah, except for the overwhelmingly enormous population that doesn't. Fox News absolutely dominates the cable news ratings at basically every time slot. O'Reilly has the highest ratings of any opinion show on the news consistently. Fox routinely maintains about 6 of the top 10 news show slots in every cable news rating list. They are a juggernaut. If only because it is the only conservative leaning network in the US. All the rest have to share the dems. Fox gets the most attacks for the same reason. There is only one republican leaning station, but many dem leaning ones. Fox is outnumbered so it looks like they are attacking everyone and everyone is attacking them. If there were another right-leaning news station, it'd share the brunt of the libs' indignation.

Kirk Cameron: The Evolution Zone

bamdrew says...

wow. this is hard to watch. so wierd that they feel comfortable forcing random young people to compare religion and science. the poor girl at 20min in gets it the worst, being forced to choose between the two, as if faith is a logical replacement for science.

there was a good article in the wallstreet journal recently, primarily about how religious conservatives are splitting the conservative party somewhat by standing for just this sort of embarrassingly silly crap.



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