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|User Info||So Now We Learn.....; entered at 2009-02-05 12:55:52|
Registered: 2008-02-11 CO aka West NJ/East CA
Let's look at AIG: AIG is undercutting the rest of the insurance industry. Propping up C and BOA will likewise undercut the rest of the banks, ultimately forcing all of them to consolidate even further.
Tin ? Nope. Why do you think there is so much lobbying going on. It is because if some company X gets Y, that usually means they get a competitive advantage over their peers. Big bank vs Small bank. Big company vs small company etc etc. Due to the expansive power of the fed gov't that is what they do. That is why all this crap goes on.
The only way to really stop it, is to reduce the power/scope of the federal gov't. That way no one will care as people from the planet government wont be able to dole out big favors.
Are we finally awakening to that fact ? Maybe - time will tell.
Things like eliminating all biz taxes, a flat (no deduction) tax, or better yet a national sales tax would be a huge step in the right direction.
Last modified: 2009-02-05 12:56:36 by lowbeyond