The top 10 bank failures happened during the Reagan/Bush(Sr.)years. The deregulation of the banking industry and wall street during those years are what began the downslide that broght the coutry to the place it is today. The "conservative" agenda has always believed that limited gov't is mandatory, capitalism is the best societal system, and people should be self reliant and exercise responsibility. While they have claimed that people should be responsible for themselves, succeed or fail, they have not applied the same rule to wall street, corporations or big business. They believe that "capitalism" can and will, right the wrongs it creates. They state that those who are in power, will "do the right thing".
The truth of the matter is, humans, as a species, cannot be trusted to "do the right thing". While there are very honest, kind, open hearted, reasonable people in power, there are those who will inevitably be tempted by greed, and fail to resist it.
The gov't, while it needs to be reasonable, impartial and fair, can extend it's long arms too deeply into our lives sometimes. At least thats the way it feels. While people rail against "big gov't", claim the gov't is out to deny citizens their rights, and say that gov't is corrupt and greedy(which is true in many cases), the gov't is the only entity that has any chance of standing up effectively for it's citizens against big corporations and wall street.
Our gov't is not perfect, so it constantly needs adjusting and reworking to make sure it continues to work in the best interest of it's citizens.
Brian Ericksonof AZ8:51PM April 19, 2010
There is room for needy, but not for GREEDY.
Controlled economy is better than uncontrolled.
Freedom at what cost?
Prakash Vadali3:53AM November 02, 2009
speechless
lisaof TN10:54AM September 29, 2009
we dozeeee butt neva kloss
taeeof MN9:40AM September 09, 2009
Please contact me by email I will help to all banks
sidhdharth3:58AM August 06, 2009
I think alot of why are econmey is taking a fall for the worst is all the spending on all the middle east wars. they need to focuse more on our country and stop spending money else were.our own pepole are losing there jobs everything they worked hard for all there life and our own goverment acts like they could care less we are our worst enemey.the other enemey were fighting are seating back and laughing about it that the us econmey is hurting and thats a start in there plane.come on pepole wake up yes our goverment.wake up dont be stuiped.put the money were its needed the most our country .i can go on but i think our goverment nows were im going with this.
vernon sullins jrof MO10:08AM June 11, 2009
The GREAT AMERICAN RIP-OFF
Malcolmof LA9:12AM June 11, 2009
AM OF THE OPENION THAT U.S GOVT SHOULD TAKE MONITOR THIER LEVEL OF EXPENDITURE INTERMS OF WAR, CURTAIL EXPENCISS IN FIGHTING. SINCE DOLLAR IS THE UNIVERSAL CURRENCY; MAKING SURE DOLLAR MAINTAIN ITS VALUE TO THE OUTSIDE WORLD. U.S GOVT. SHOULD UNDERSTAND THAT THEY ARE WORLD POWER ALL THIS ARAB WORLD ARE DOING EVERYTHING POSSIBLE TO DISTABLISE THIER ECONOMY.TO WIN THE WAR AND CONTINUE THIER TERROR MISSION
UNACHUKWU ONYEKA EMMANUELof CO8:35AM June 11, 2009
Why blame this on Reagan when Carter left this country in a MESS.You men are nothing but idiots that wrote that Reagan messed the 80's up.
Davidof WV7:47AM June 11, 2009
I built our own house in 1975. I remember thinking that materials costs amounted to an outrage then. However, by the end of the 1970's most of those material costs had more than doubled. OPEC had managed to control supply of oil so that oil in 1972 was $3.50 a barrel and was $30.00 a barrel by 1980.
It is convenient for politically ambitious to ignore reality
(blame a partisan political party for effects of things beyond the control of victim nations)Praising ideology while damaging the Ideology for political gain is hardly a showing of real Patriotism--the way I see things.
Reader Comments
Back to article
Brian Erickson of AZ 8:51PM April 19, 2010
Prakash Vadali 3:53AM November 02, 2009
lisa of TN 10:54AM September 29, 2009
taee of MN 9:40AM September 09, 2009
sidhdharth 3:58AM August 06, 2009
vernon sullins jr of MO 10:08AM June 11, 2009
Malcolm of LA 9:12AM June 11, 2009
UNACHUKWU ONYEKA EMMANUEL of CO 8:35AM June 11, 2009
David of WV 7:47AM June 11, 2009
David W. Coulter of AZ 11:50AM January 30, 2009