Doesn't Trickle Down.
The conservatives seem completely unrepentant about the massive destruction that a pure Laissez Faire philosophy does unchecked. Clearly, we as a nation wish as a matter of basic biblical obligation to however we view our creator and response to him in loving neighbor, to fill in the cracks that laissez -faire creates rather than create new cracks.
A Laissez Faire system purely conceived does not fill in the cracks. Unemployed don't get insurance to carry them through. Predatory lendors drive people into foreclosure take both their equity then their house. Consumers get defrauded. Pharmaceutical companies sell snake oil, and securities firms scam the innocent if they can get away with it.
What was the SEC doing under Bush other than scanning the web for porn? Where were they when watching the inflated reports of unchecked rating agencies? Whose thumbs were they sucking or sitting on when Maddoff was running his scam and Lehman brothers was cooking the books. Bush's government was inept. It was focused almost exclusively in selling and perpetuating hideous unjust insane murderous wars. It wasn't inept because it was "big" it was inept because they were idiots.
Laissez-Faire (which in French means basically "let it go"- or anything goes) as a hands-off economic philosophy is not a social policy- it is the devoid of social policy. Government cannot be about an absence of social policy in the name of an outdated misguided economic policy.
Market regulation is not bad. It is bad when it is badly regulated and when hens watch their own coop.
I am waiting for any new vision to come out of the "Con-verve-ative" camp and nothing yet.
The Verve of Them.
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