shempmcgurk wrote:
> The fear of a depression is what is being dangled in front of us as the
> consequence of not approving the bailout bill.
>
> Well, I'm wondering what is better: a depression or the inherent
> socialism of the bailout.
>
> Perhaps it is better to bite the bullet and take the depression.
> There's no free lunches and I have to assume there will be consequences
> to, once again, allowing the sticky little fingers of regulators and
> government intervention to solve this problem...especially since the
> very people who caused it and were supposed to be overseeing everything
> are now the ones telling us that we have to do this.
>
> Regulation and socialism got us into this mess...why in the world would
> we think that it would somehow get us out of it?
>
No, deregulation got us into this mess. It was the repealing of the
Glatt-Speigel Act that caused this and thus allowed bankers to "go
wild." And socialism has nothing to do with it. Your naiveté is showing.
