Howard Dean: 'I Think We Had Quite Enough Capitalism'

Read blog on vid at: http://townhall.com/blog/g/06d66b7e-76b1-4087-88b0-c2a4b39fe723

Category:

News & Politics

Tags:

• howard
• dean
• cnbc
• capitalism

[walrus417]

Dean is right, what we need right now is for the government to tell us what to buy, where to work, how much we should get paid, and how long we should sleep at night.

Our lives would be so much better if every aspect of them was controlled by the government (of course those who run the government can do whatever they want, because they deserve it for spending all their time controlling us)

[LooseLatitude]

I think we've had enough fascism.

Damn, we need someone to step up and try to break the media monopoly up. It's killing this country. At least than we'd have an honest view of what's going on instead of being force fed this crap.

[mustang607]

Socialists pushing their policies that guarantied everybody low cost housing worked so well. And socializing the loses have given us so much,

debt.

[dewbie42]

It was a joke.

[justgonnastay]

What the hell are you talking about? I'm sorry if this was a joke and I ruined it. If it's a joke, it's actually pretty funny.

[justgonnastay]

If you're going to regulate the credit card industry, basically what you're doing is subsidizing irresponsibility. Those who are being penalized with high rates are the ones who didn't pay their bills on time. Regulate that away and the cost to the responsible cardholders goes up.

Live modestly like the rest of the world? Screw that. We deserve our standard of living. To hell with people who think we don't.

[SonofCimmeria]

Howard Dean is awesome!

[TimeWarp66]

Howard Dean needs to be bludgened to death with Atlas Shrugged

[snappa52]

they took the undue risk because they knew for certain that the govt would bail them out. this whole collapse is contrived. it was meant to get the arabs hooked into derivatives so that they could knock them down to size. Dubai is a ghost town now. So all of the world got leveredged into this in some form, and gov't is bailing every bank out across the globe so that they can buy up the real assets while the economy is still breathing. they knew what they were doing.

[action762]

....and good riddance to him, but Congress and this administration are passing the same stupid bailouts. Unfortunately, Ben Bernanke is still around to make you poorer.

[Ducky1987]

that's the thing. risk only forces good decisions to the extent that economic actors are rational. it's not rational to leverage 30-to-1 but banks did it because they thought that they couldn't fail. to have a completely free market, sans regulation, is dangerous. moreover, the way that risk is currently allocated (short-term success is incentivized, as opposed to long-term success) is absurd and can only be restructured via government regulation.