While the president’s speech may have solidified his standing with his liberal base, it will likely to do little to endear him Americans in the middle. Instead of focusing on ever-increasing government expenditures, he should trust instead to the private sector.
It’s not just that these policies work, it’s also that they accord with the views of the American people. A new Tarrance Group poll finds
. . . little appetite among American voters for additional regulations coming out of Washington. Three quarters (74%) of voters throughout the country believe that businesses and consumers are over-regulated. Further, another two thirds (67%) believe that regulations have increased over the past few years. These percentages include majorities of all partisan affiliations, with 91% of Republicans, 75% of Independents and 58% of Democrats saying businesses/consumers are over-regulated.
Majorities of Americans believe “increasing number of regulations have created uncertainty for large and small businesses (66%), and that agencies who enforce regulations fail to consider how their decisions lead to increased prices for consumers and job losses (69%).” Not just that, 73% believe that increased government mandates increase the costs of goods and services.
Doesn’t seem that Americans would be averse then to policies which instead of increasing government expenditures reduce its oversight of the economy.
Obama’s EPA prepares to abort Alaska mine project and thousands of jobs. It’s OK, though, he’ll probably give the Chinese and Brazilians $10Billion in “loans” so they can extract minerals and sell them to us.
Capitalism: You have two cows. You sell one and buy a bull. Your herd multiplies, and the economy grows. You sell them and retire on the income.
Socialism: You have two cows. The government takes them both and sells you the milk. You wait in line to buy the milk, which is sour.
Obamunism: The Government won’t let you raise any cows because they harm the environment; the Government pays Brazil $10 Billion to raise cows so we can import the milk.
And the hits just keep coming, EPA regulations to kill 500 jobs in Texas.
SCOAMF indeed.
Someone needs to convince republicans this is the case else they will just cave to the democrats like they always do out of fear they will be called names.
Where are the left-wing trolls? Have they all been beaten back? Or banned, behind the scenes? Or were they all sockpuppets of, say, Paula Brooks?
They’re retreated to their <a href="http://thinkprogress.org/"ratholes, where they can blame every bad thing on Republicans without fear of being confronted with the truth. Also, they resort to phrenology to explain the inferior intellect of conservatives.
They’re all over at Krugman’s apartment, recovering from the Great Leftist Jerk-Fest, following yesterday’s 9/11 Anniversary.
Eric Olsen,
“They’re all over at Krugman’s apartment”
According to WIKI that would make it a “gang” of Weasels.
To quote Phil Connors, “People like blood sausage. People are morons.”
We’re currently mired in the greatest economic catastrophe in nearly a century which was the direct consequence of poor oversight and unenforced regulations, and people think there’s too much government interference in the economy? All that demonstrates is how well conservatives have infected political discourse and media coverage with their talking points. Regulatory uncertainty has nothing to do with our current economic problems of unemployment and consumer demand. CEO’s and corporation-funded think tanks are pushing deregulation because it helps their own business, but what’s good for individual businesses isn’t necessarily good for the broader economy.
I’d also like to take this opportunity to point out that all these people who decry ‘government interference in the free market’ one day still come scurrying with their hats in hand whenever the government has a contract to bid on. Where are all of their protestations then? They’re telling you a story, people.
We’re currently mired in the greatest economic catastrophe in nearly a century which was the direct consequence of poor oversight and unenforced regulations, and people think there’s too much government interference in the economy?
Oh, so the bleating little coward came back after having his butt kicked by facts on that last time?
You keep repeating the same lies and running away screaming, Levi. Why is that? You put this out all the time, then you can’t defend it. You run away and whine and cry about how mean everyone is to you.
And this was hilarious.
To quote Phil Connors, “People like blood sausage. People are morons.”
And Barack Obama, the Obama Party and “progressives” claim to get their wisdom from “the people” and be doing “the people’s will”.
So that means Barack Obama, the Obama Party, and “progressives” are all morons.
Levi the Dumb’s Defense of the Obama Orgy of Regulation: Sure, millions of jobs are being destroyed, but at least no one’s making any money.
Ah, leave Levi alone long enough and he’ll go back to his “I’m smarter than everyone, so I should be tyrant.” routine.
Hush Levi, adults are talking.
Thread related: Paizo’s having an issue with one of their subscription items going out over seas. Because it contains dice (in addition to books) it’s considered a toy, and as a result fees and duties almost tripple the price for overseas customers. Talk about annoying regulations.
If you think that less regulation would have made that situation any better, well then I just don’t know what to tell you. The problem with the early 2000s was that everyone was in bed with everyone else, government regulators weren’t doing their jobs, CEOs and vice presidents eased between jobs with private companies and the entities charged with regulating them, financial players weren’t required to have nearly enough cash on hand to cover their obligations, elected officials were bought and paid for by corporations…. how is it that you can believe there were too many rules? You had the umpires actively coordinating with their favorite teams and rigging the games, and you’re saying there were too many rules?
Curiously absent from the Obama Orgy of Regulation: Fannie Mae and Freddie Mac, the two Democrat-Run Organizations at the epicenter of the financial and real estate implosion. It seems the SCOAMF and his minions are eager to shackle everybody but the people responsible for the crisis.
Curiously absent from left-wing accounts of Bush’s Supposed Orgy of Deregulation: Sarbanes-Oxley. And… Bush-McCain efforts to increase regulation on Fannie Mae and Freddie Mac, the two Democrat-Run Organizations at the epicenter of the financial and real estate implosion, which repelled all attempts at greater regulation with the help of such Democrats as Barney Frank.
As a rule, true private entities don’t need much regulating because the market punishes their misbehavior… but the government-backed entities are a different story (since they have government on their side to begin with) and need enormous regulation.
Someone want to educate Levi that Solyndra/GE/BP were in the late 2000’s?
Now hush Levi. Adults are talking.
Hopenchange, baby! OH-BAH-MAH! OH-BAH-MAH!
If you think that less regulation would have made that situation any better, well then I just don’t know what to tell you.
Well, that’s what you and your fellow “progressive” like Barney Frank were demanding, Levi — LESS regulation, LESS oversight, and MORE kickbacks to cronies and bad loans.
Do you understand that, Levi? Your Obama, your Obama Party, and your fellow “progressives” demanded that banks make loans, not on the basis of income, not on the basis of ability to pay, but on SKIN COLOR.
Your Obama, your Obama Party, and your fellow “progressives” demanded LESS oversight of Fannie Mae and Freddie Mac, massive executive payouts, and massive coverups of accounting and book-cooking.
You SAID it would make the situation better, Levi. I showed that. You ran away like the screaming little idiot child you are.
That’s what makes you so hilariously stupid, Levi. You supported corruption. You demanded deregulation. You insisted on massive executive payouts based on cooked books.
And now you think you can lie your way out of it, when the facts are right there for everyone to see.
Screaming, bleating little coward. Run away again.
And notice, that when they passed “new” regulation, they not only didn’t scuttle the old regulation that failed to do the job, but they didn’t bother to re-establish one of the most important ones that could have reversed the situation, and demolished the “Too Big To Fail” paradigm that has contributed to this mess… That would be the re-establishment of Glass-Stegal. The banks have to be broken up into their primary lending units – mortgage banks would do mortgages, investment banks only stock investments. This is vital, because then they couldn’t sell the loans to someone else and make the automatic profit…. Which means they would be responsible for the loans and take much greater care when issuing them, is they would be on the line if the loan went south.
We don’t need more regulation. We need less… but smarter.
And, Sonic, we needed more regulation of the institutions, the GSEs (AKA Fannie and Freddie) which operated with governments subsidies and government backing, but not federal oversight (and the lack of said oversight was due in large part to a Mr. B. Frank and his cronies who blocked attempted Republican efforts for great regulation of such government-backed enterprises.
That’s impossible to argue with. The argument for more regulation isn’t just about quantity, it’s about quality. And perhaps more important than better regulations is politicians willing to enforce them, and unfortunately we have neither. As you said, breaking up the banks is an important step, but that’s not going to happen with the revolving door between government and the finance industry the way that it is.
Needless to say, the situation will never improve so long as huge swaths of the electorate buy into this fiction that the recession is the government’s fault.
Needless to say, the situation will never improve so long as huge swaths of the electorate buy into this fiction that the recession is the government’s fault.
And of course, the bleating little coward tries again.
Time to slap the little child with the facts and reality of how he and his Barack Obama Party demanded bad loans, cooked the books, and manipulated results to produce huge payouts for their sex partners.
But of course, Levi is too blind and ideologically bound to be concerned with facts and logic; instead, Levi just worships the Barack Obama Party and keeps screaming that if we just spend more money to give fatter welfare checks to lazy and worthless people like himself at the expense of workers and producers, everything will be fine.
FIFY.