McCain: No Regrets on Deregulation, "Helpful" to Economy
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Yes deregulation is a good thing for America. Hahahahaha. Do you really think these corporations give a fuck about the working man? Do you think they care about health and safety of workers, pollution of a community, following the labor laws and such? Why do you think regulations exist? Because these dumbfuck corporations do shady shit like this!
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For a free markets to work you must regulated the big guys to avoid system wide manipulation. (The Glass Steagal Act) Unfortunately our government started deregulating Wall Street and placed more regulations on smaller entities within the market.
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lol McCain the puppet
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i can't believe our government makes the same mistakes over and over. California deregulated energy for Enron and we know what happened. Exporting energy to wonderland, causing blackouts and demand to get as large as 300%. Deregulation can lead to monopolies and no limit to how exspensive energy, water and xbox live can be!
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That is simply not true. Payroll taxes actually reduce wages. 15% of your income regardless of how little you make is taken from you by the Federal government. We can raise everyone's wages by abolishing these taxes and programs.
Outsourcing is mainly do to over taxation of business in the United States. It's cheaper for large companies to move their operations to lower tax nations. Deregulation creates economic growth because it removes barriers of entry.
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@TimeWarp66 And is what creates outsourcing and reduced wages (Which ultimately ruin our economy)
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No it does not. That is caused by easy credit administered by the Federal reserve. Learn some Austrian economics.
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@TimeWarp66 and it also causes monopolies and bubbles that destroy the economy
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@RealPatriot19 it was the fed that caused the housing bubble and the eventual collapse
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Obviously you don't understand the free market or anything about economic freedom.
rockandrock44 2 years ago 8
Deregulation and free market competition is what makes prices drop.
TimeWarp66 2 years ago 8