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Originally Posted by hi_im_god
what's actually radical is the rhetoric being piped down from the extreme right and repeated here that there is no legitimate role for government in the economy. anytime. anywhere. that cutting government is always good and if we just unleash market forces all problems will be solved.
that seems to fly in the face of the experience we just went through where regulation of banking was loosened to the point that the invisible hand of the market just about steered us into a depression. and were it not for unprecedented government intervention in the economy, would have.
the problem is the right can't seem to learn. the rhetoric is always the same regardless of the circumstance.
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Your generalization is far offbase.
The idea that of lax banking regulation almost forcing us into a depression or govt intervention somehow prevented that from happening is complete fiction. Roughly a month a ago the Fed Reserve admitted that the basic premise that the original TARP was passed upon was for the most part not true.
I guess you missed the that.