blueblood

Umm regulations caused it. It was cheap money policies that gov't thought would keep the economy roaring in perpetuity. However, that's not possible and there needs to be corrections. As a result of inflating a bubble, we got the depression, which gov't made worse by trying to distort the natural market by implementing the new deal to try and keep prices high. What people don't realize is that if prices fall, things become more affordable which increases demand and the economy gets corrected. Those regulations created after ww2, set the stage for stagflation in the 70's, the dot com bubble, and the current financial crisis. What you fail to realize is that the free market is a two way street. Those insurance of bank accounts creates the moral hazard for banks to start lending irresponsibly because the gov't will bail out the bad decision. In the free market, depositors would be very wary of how banks lent out there money and would exercise their power to pull money out of said bank and cmease loans from that bank, causing it to fail. I think the biggest problem is the financial illiteracy of so many people today that can cause people to make bad decisions regarding the economy, such as bailing out those banks instead of letting them fail.

And that's all because the gov't had all of this power to hand out in the first place. Why does it need it? Those extremely large entities got to that size because the gov't picked winners and losers. All in the name of "helping" the little guy. The free market is tied into how nature works, that's why it's the best system we have because it utilizes human nature efficiently. Govts only responsibility should be to ensure that the market has an environment to function in. What that environment is has been subject to debate and elections are won and lost on what people think that environment should be. One thing about the free market is that it is cruel and is unbiasingly fair. Many companies have come and one, some of them large, some not. The ones that innovate with the times and pay attention to their environment which is society as a whole in the long run, do better. Look at tech. Apple pioneered personal computers, almost went broke, then rose again. Toyota doesn't have u ions, yet compensates their workers well and is the worlds number 1 auto maker. You have to look at the market as a large entity. For example the aristocrats in France didn't make the lives better for ordinary people. They didn't like it and the market corrected itself by removing the aristocracy. This is why so many companies have evolved into paying attention to what ordinary people want, that's why there is the trade that ensures that in exchange for products that improve lives for money to go to users. One must realize that people are different, some have more talents than others and that has to be respected. What those 99% ers don't realize is that they need the 1% as much as they trumpet that the 1% needs the 99%.

We do not have the money or the market to pop up refineries. It all has to go into the pipeline anyway. The pipeline south would have been the cheapest way to process the vast amount of oil. We make a lot of money off of china. It's a big reason why we aren't in deep doo doo like our friends down south. There isn't enough capital to start up an oil refinery. Not only that there has to be all sorts of conduits to transport all of the products crude oil makes. Then there is getting it to market.

Under the free market, the foolish bankers would have went belly up. What's worse, the bankers trying to influence gov't, or the gov't having that much influence for sale? We had in our society the chance to keep the influence of gov't down. However, politicians sold the kool-aid that the gov't can and should do all sorts of things and the voters ate it up. The free market allows the system to reboot.

So they would have been better off rotting out in the fields or in the bush wallowing in their own filth. Outstanding. The "robber barons" got rich and everybody else got to enjoy the benefits of their activities. If you don't think a society benefits from electricity your hopeless.

Rats, he would have had a rant and a half. I wonder how this will go in January... My link 5.5 billion dollar Enbridge project and the big hurdle is the review in January. My guess Harper powers through that like he's doing it with the wheat board. Year one into his majority, I think the hippies are going to be eating cake.

So those people didn't benefit from electricity, plumbing, jobs, automobiles, advances in science, the telephone, the telegraph, trains, advances in farm machinery, etc. Did they benefit from that. Yes or no will do.

That's what USA cattle producers thought until cargill and Tyson foods packing plants were empty. Then there is this election coming up...

Do you think those 1 million people will have importance over the Americans invested in transcanada, or the millions who will pay the price for potentially higher oil revenues. But nonetheless I am not too concerned. We went with through this thing with r-calf in 03 and the meat packing industry told them to pound sand. Never count out big money. I give those granola munchers a year maybe two if Obama wins.

Oh they'll turn up, but our majority gov't will tell them to piss up a rope.

I wonder what the front runners in the GOP race will say about this. I remember some pundits on CNN having a tizzy about the proposed pipeline to the west coast. I look at it as a nice wedge issue the GOP can use on the dems. One thing I do know for sure, uncle Kevin will be epic on the exchange tonight!

According to shwa's dimanual, it could be argued that they were in violation. Also the NCAA is not a criminal court. That death penalty can come if the NCAA sees fit.

A little from column a and a little from column b. Its in our benefit that you guys get as much jobs as possible so you use more of our oil.

From 14 to 7.5 to 9 is still downward trend. My link Looks like a down trend to me,

Greeces bonds are at 19%, they have the biggest hole to get out of. THe trend is your friend, Ireland's have trended downwards. that's a good thing. The pundits said that there was no chance for growth in 2011, the numbers said otherwise. And you have no way of knowing that there will be no GDP growth as well, we'll just have to wait until Q4 is published.

Hope your not a Penn State fan, because it sucks to be them right now. I'm for the NCAA doing their investigation, and slapping down the death penalty based on a potential conviction of those coaches and the cover up. NCAA football was fine with SMU in the tank for 20 years and will be fine with Penn State in the tank.

And where would those 99% ers be had it not been for those developing industries? They'd be poorer than ever. Would you rather the robber barons sit on their wealth and take it to their grave or invest in industries and pay people to work for them? It's a two way street. It was a golden age, the country became wealthier, and many things were invented because of all that capital. so society didn't benefit from electricity, the telephone, the automobile, factories that made things, sanitation, plumbing, and funding for science? I don't think you understand how an economy works.

That's your choice.

Italy's growth is from their govt spending helping out. Ireland's isn't. Irish bonds fell from 14 to 9 percent. The patient is on the road to recovery and Italy's about to go through the emergency room. My link My link Doesn't seem like investors are betting against it to me...

What do you think the original registry was set up for free? Why should Alberta et al be footing the bill for quebec's registry. The Feds are saving quebecers money, they're providing incentive for the Quebec gov't not to pursue this folly. The Feds are stopping the tax dollars going into a registry by burning the original one thus putting the breaks on Quebec wasting more tax dollars on a second one. You don't think that the admin costs are free do you? Alberta money shouldn't be going to another Quebec registry.

The fact is that Ireland cut it's spending to the bone in 2010 and yet managed to have growth in 2011. Unfortunately the situation in Italy will slow that down. Unfortunately you are living in a tax and spend is the way out of recession works and I'm not. Ireland's recovery is proof of that. It's been months since I heard Ireland being mentioned with Italy Greece and portugal when talking about the eurozone crisis. Why, Ireland drank their buckleys. Greece did not.

It does make sense. Why should the ROC subsidize quebec's registry? You said it wouldn't cost anything, yet it cost billions to set up. The only bad idea is Quebec setting up an expensive registry of their own. If they are dumb enough to come up with this bad idea and waste money, they can pay the bill.

That's what they said last year about Ireland being in the tank, yet they manage to slog it thru. There's a reason you don't hear about Ireland being associated with Greece, Portugal and Italy these days. My link My link

I can imagine one is coming. Death penalties occur from time to time in the NCAA. I don't see why it shouldn't apply here pending the results of the investigation. Programs come and programs go, just ask SMU.

Which shows that Ireland was much better off than those other countries. GDP according to the article was estimated at .5-1% so that part is on track. The Irish gov't cut to the bone and has positive GDP growth over 2 quarters. That's far more sustainable growth than gov't spending. This is going to be an interesting experiment because we are going to see a private sector recovery vs. Govt. Spending recovery. The Irish gov't is not spending a dime and we have recovery. Hmm.