Regulation who needs it

Greenspan: Fed isn't a 'magical piggy bank'

My take on this article is that Greenspan is asking that an agency be set up to handle situations like the home mortgage meltdown, but I don't get it. The way I see it these meltdowns come from a failure by the government to regulate these industries in the public interest.

I see 4 dollar a gallon gas as a failure of the government to see and recognize oil as a commodity that needs to be regulated to protect the public interest, not big oils interest. The government of America has allowed America to be increasingly dependent on foreign oil, to the point now where it will take 10 years to correct it. If the government had done its job by recognizing our growing dependence on foreign oil they could have regulated the industry to energy resources available domestically. That didn't happen, and I don't think it was a accident, I think the current government drove us into this ditch, for the benefit of the oil industry.

I see the mortgage meltdown pretty much the same way, When the government deregulated the banking industry, the banks and the mortgage companies, pretty much got richer, with the lower regulations, and everybody was happy as long a things are going good. But, regulations are to protect the public interest when thing go bad. Now that things are bad and the industry has gotten all their commissions the taxpayer is left to pay up.

In general I see many of the problems facing our country today, are caused by the governments failure to determine what needs to regulated in the public interest, and setting policies and regulations to protect the publics interest. Today our country's oil policy was set behind the closed doors of Dick Cheney's office, but it is not hard to see that the oil industry came out the winner at the expense of the public interest. Is there anyone in the American government who really understands that there is a difference between public interest and big oil or big banks, If there is I'm not seeing it.

Today's editorial

In the news today, I heard someone say that McCellen needs to prove his statements, but I don't see it that way. McCellen's book stands in the vacuum created by the Bush administration's inability to effectively communicate their policy on the war, in a way, that the American people can believe. It was the vacuum that pulled the book into being. The world, the American congress, the American people, and now it seems members of the Bush administration, have been waiting for the spin to stop and to hear an open honest reason of why over 4000 soldiers have died and hundreds of billions of dollars have gone down the drain.

The Bush administration's failure to communicate candidly with America, no less, has discredited not only Bush, but the Presidency itself.

An old political quote goes;

"You can fool some of the people all the time, You can fool all of the people some of the time, but you can't fool all of the people all of the time."

Like the lessons America learned in Viet Nam, the Bush administration is trying to prove the quote is wrong, at America's expense.

I think it time to elect people who learn from their fathers and their mistakes, not make up the rules as they go along.

dream

rove, rove, rove your bush gently down the libby. cheney cheney, cheney, cheney life is but a dream

Not allowed to participate

I just found out that I won't be able to participate in the Colorado Primary caucus. I am a registered voter, but in the Democratic Party in Colorado you can't participate unless you have affiliated yourself before hand, post marked and all that stuff. I watched Obama and Hillary and I've made up my mind but I don't get to participate.

So much for freedom choose. Just have to wait for someone else to choose who I can vote for. Seems a little convoluted to me. How are these voting restrictions helping our country to handle the challenges that face it. The parties seem to have taken away some of the voters power for themselves.

And what if I become a Democrat and in the next election I find a Republican I like better. Will I have to change my affiliation to the other party. These affiliation regulations are wrong. People don't want to choose parties they want choose the best person for the job regardless of party, in spite of the party.