Ask Atlas to shrug-
off the looters at his ear
and laissez-nous faire.
June 18, 2009
Proposal
Posted by rhondalust under Haiku, National News, Politics, President Obama, Proposal for Financial Regulation[4] Comments
[4] Comments
June 18, 2009
Ask Atlas to shrug-
off the looters at his ear
and laissez-nous faire.
June 18, 2009 at 8:24 pm
Today’s haiku concerns the contraversial financial proposal by President Obama. By creating several new councils to “oversee” the US economic system, the President believes his plan will restore markets. This would expand the government’s powers within the US economical system (i.e. taking over financial firms before they collapse).
I must admit that this haiku is an immediate response to the President’s proposal. As I was reading its 5 key parts, I couldn’t help but feel insecure about the idea of the government intervening our markets. I believe that these “regulations” will transform into decisions that will ultimately marginalize the private sector.
I really want to discuss this with someone. Please give me your opinions…
June 18, 2009 at 8:39 pm
economics confuses the hell outta’ me. i wish i had a better opinion, but… i don’t, outside of this: the system HAS to be regulated in some form or fashion. trusting it to self-regulate and “play nice” gets us to where we are now.
i don’t believe there is any malicious intent on the part of the Obama administration to incorporate Gov’t into these matters. let’s face it: who would’ve fixed or slowed or stopped the hemorrhaging? you and me? a couple of lawyers? my best guess is no; the institutions, as they were, had grown too big and too unwieldy to self-correct. it was a matter of intervention or death. and now the Gov’t wants to try and regulate the system so that never again can there be a bank or financial institution that is “too big to fail” and i can really appreciate that.
to that end, i’ve never understood the mindset of folks who screamed from the rooftops, “LET ‘EM DIE! LET ‘EM GO UNDER! LET ‘EM GO BANKRUPT!” really? that’s a good idea? that’s the brilliant plan? to let American financial institutions that have become the underwriters for the world’s economy just drown?
yeah, THAT woulda’ worked brilliantly.
ok, i’m done. i’ve rambled and don’t know where i am anymore.
June 18, 2009 at 9:58 pm
I am learning myself. I feel like you and I should be sitting with Dr Patton on the porch at Eclipse with a beer in hand.
Lately, I’ve been questioning the extent of my liberalism; To what extent do I believe a liberal government should take an active role in the welfare of its citizens? . So, I started by researching the history liberalism. After an EXTENSIVE, but enlightening Wikipedia article on liberalism, I have determined that I stand firm behind SOCIAL liberalism. However, my views become a bit befuddled when I read about the democratic view of “mixed economy.” It seems to me that there is a very fine line to be balanced to avoid a “planned economy,” which I do not ascribe to. The President’s proposal seems to be opening a door that could go beyond his party’s “mixed economy” ideal.
June 18, 2009 at 10:12 pm
i can see that. i dunno.
it seems where i get in trouble with big things like this… okay, really economics… is that i don’t have a problem with Gov’t grabbing the economy by the hand to begin with and setting it down the right path again, sort of like training wheels or a learner’s permit. initially, that first bit of guidance is necessary but as comfort grows with taking the reins all by one’s lonesome, then comes the ability to grow and strike out a new direction.
i can see why alarm bells go off in some folks’ heads: “what happens if the Gov’t keeps the training wheels on?” and never lets the economy grow on its own again.
i don’t see that happening. i just don’t. i can’t fathom that happening. maybe i’m blind or naive or both.