July 29, 2009 Obamacare Protest
Top Comments
All Comments (19)
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@amanuse, Forced? Clearly i dont live in the states but pay attention?
it really starts to seem that you dont know what you're talking about, since there wasnt and isnt ANY regulation that forces lenders to lend to people who dont have the money. which led to mortage fraud by lenders and borrowers which even your fbi warned you about...
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@Darusdei Clearly you either don't live in the United States or don't pay attention much. The banking fiasco occurred specifically because of government regulations that forced lending institutions to give loans to people who couldn't pay them back. It was in fact government regulation that caused the banking fiasco. It was government regulations that encouraged lending institutions to sell off their bad loans, and the collection of bad loans by some banks that caused the crisis.
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@amanuse, you sure live in some "La La Land" Morality and reputation? give me a break, like the banking fiasco you had when almost all banking regulation was gone, where in the hell was morality? :D
you need to understand that the regulations are a set of rules, i do agree that some regulation should me minimized or simplyfied but to clear them all would simply be very stupid.
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@Darusdei Let's just say you're just a bit naive, yourself. It is morality and reputation that keep poisons out of food/drink, and your own desire to have a safe home, plus the reputation and morality of the builders, that keeps your house safe. Unfortunately, the government's regulations have made everyone lazy, so they protect water and build to the lowest common denominator. Without the regulations, the companies that employed the safest standards would succeed, while the others would fail.
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@amanuse, well lets just say that the regulations keep poisons out of your food / drink, keeps your house safe, as it is built by the rules and so on...
i dont really know how fucked up system you guys have over there, that's a pretty naive way of thinking "regulation is evil" ei mean c'mon
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@Darusdei I can tell you that since France has given an exception to this regulation for students coming out of college for two years, the unemployment rate has dropped. Amazing that: reducing regulations might have a positive effect on people. But the students over there are so lost, they are protesting the lack of security as an "injustice." That's backward thinking, and so is anyone who thinks government regulations are a good thing.
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@amanuse, when has this unemployment peaked? since almost every european country has pretty damn protected workers, here youth unembloyment has risen but thats only because the crappy economic situation.
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@amanuse, when has this unemployment peaked? since almost every european country has pretty damn protected workers, here youth unembloyment has risen but thats only because the crappy economic situation.
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@Darusdei "there are regulations for a reason" -- yes, and most of the reasons are unfounded and the regulations become counterproductive, killing off the opportunities they were intended to create. Take France's rules and regulations for hiring and firing employees, for instance. While well intentioned (the protection of working people from uncertainty), they didn't take into consideration the risk employers take when hiring. As a result, unemployment increased to 23 percent among French youth.
@Darusdei Sure do. Nothing beats the free market system. It means you work for and pay for what you want in life, for whatever it is that you want. It's a great system. It's fair, it's just and it's free.
nhlimited 1 year ago 3
@Darusdei Yes. Lenders were forced by laws passed by Congress and pushed by Barney Frank to lend to low-income families, particularly of a certain race. It seems like you're over your head, here. Why don't you pay attention to your own country and let ours be capitalist. When you resort to calling facts into question, perhaps it is you that should question yourself.
amanuse 1 year ago 2