Be careful what you wish for.

toranokaze · 06-19-2010, 10:55 PM

Deregulation is what has caused the major disasters the BP mess and the recession are direct results of deregulation and laxed enforment of regulations in place.

Griff · 06-20-2010, 05:58 AM

Beyond that, I'd say the problem they have is a lack of expertise. How can you regulate what you don't understand?

classicman · 06-26-2010, 02:59 PM

I'm certainly not one of them, but here are couple thoughts fwiw . . .

Quote:

Originally Posted by toranokaze

Deregulation is what has caused the major disasters the BP mess....

not entirely - -their requests to drill in shallower water were refused. Something about environmental concerns. hmmm

Quote:

...and the recession are direct results of deregulation and laxed enforment of regulations in place.

I disagree with the former and agree with the latter. It is the Govt's inability or refusal to regulate. You can pile on regulation all you want and make the ill-informed happy, but without enforcement of the regulations already existing adding more serves no benefit except increasing costs.

Quote:

Originally Posted by Griff

How can you regulate what you don't understand?

Thats a whole nother can of worms. Good food for thought.

06-26-2010, 04:22 PM

Quote:

Originally Posted by classicman

I'm certainly not one of them, but here are couple thoughts fwiw . . .

not entirely - -their requests to drill in shallower water were refused. Something about environmental concerns. hmmm

Its Reagan's fault!

He imposed the moratorium that limited new offshore drilling permits. And GHW Bush added his own Executive Order.

Two wacky environmental extremists!

You gotta love the classic Palin/Fox "blame the environmentalists" argument.

added:

Quote:

Originally Posted by classicman

...You can pile on regulation all you want and make the ill-informed happy, but without enforcement of the regulations already existing adding more serves no benefit except increasing costs.

For the ill-informed......You cant enforce what no longer exists and the near full repeal of Glass Steagall left little in the way of banking/financial services regulation.

06-19-2010, 10:55 PM	#1
toranokaze I'm still a jerk Join Date: Oct 2007 Location: Little Mexico Posts: 1,817	Deregulation is what has caused the major disasters the BP mess and the recession are direct results of deregulation and laxed enforment of regulations in place. __________________ "Without deviation from the norm progress is not possible." - Frank Zappa It is the ignorance of ignorance that lead to the death of knowledge The Virgin Mary does not weep for her son, for he is in paradise. She weeps for the world , for we are in suffering.

06-20-2010, 05:58 AM	#2
Griff still says videotape Join Date: Feb 2001 Posts: 26,813	Beyond that, I'd say the problem they have is a lack of expertise. How can you regulate what you don't understand? __________________ If you would only recognize that life is hard, things would be so much easier for you. - Louis D. Brandeis

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)