Skip to comments.Palin: Regulatory system needs 'complete overhaul' .....(Good video at link)
Posted on 09/15/2008 9:07:33 AM PDT by IrishMike
Republican vice presidential nominee, Alaska Governor Sarah Palin, addressed the problems with the U.S. economy during a campaign stump in Golden, Colorado this morning.
"This crisis is an issue of real concern for the people across this great country. It's taking a toll on this economy...I'm glad to see that in this case the Federal Reserve and the Treasury have said "no" to bail out another one -- this time Lehman Brothers," said Palin.
"This crisis happened for several reasons, which have to be addressed right now. Our regulatory system is outdated and it needs a complete overhaul. Washington has ignored this. Washington has been asleep at the switch," said Palin.
"John McCain and I are going to put an end to the mismanagement and abuses in Washington and on Wall Street that have resulted in this financial crisis. We are going to reform the way Wall Street does business," said Palin.
(Excerpt) Read more at necn.com ...
Yes they do, end all potential for bail outs so banks realize they are never to big to fail. The corner has a story that AIG turned down private equity because they want a bail out. This needs to end.
Good to see Saracuda out in front of this, because Obama and his minions in the drive-by’s will attempt to hang a market correction on McCain and Bush.
I thought she was very good! Really connected with the people there, imo.
Bring back Glass-Steagal!
... and keep up the good work.
Saw her speech in Golden CO today. She was on fire.
We got regulatory laws that date back to the Depression. They're weighing out economy down.
Now this may be legal ... but there needs to be some way to prevent other governments anti to the U.S. from manipulating our WS system enough to bring down our economy the way it has.
Sorry ... it was on a TV program last week or so. I do not remember the source exactly.
“Yes they do, end all potential for bail outs so banks realize they are never to big to fail. The corner has a story that AIG turned down private equity because they want a bail out. This needs to end.”
Partially true. The real reason they need a bailout it that it’s impossible for them to raise private equity. They have
nothing left of value. Private sector won’t touch them..look
for them to crash. WaMu will also go down before the end of the week.
WHile Obama’s campaign is all about “McCain is lying about us” and “Wall Street Problems are all Bush’s fault”, the McCain/Palin campaign is offering solutions to the problem.
Solutions that involve DOING things, not just “fix the problem by voting Democrat”.
She nails it.
And with more energy than any stuffed shirt on the other side of the aisle. Go Sarah!
As Rush said. Wait until SocSec and Medicare go bankrupt.
That would be a good idea but there needs to be a transparent way for money transfers in and out of equity institutions when you buy and sell stocks.
I like the fact Rush is pointing out the PEOPLE WHO CREATED THE BUREACRACY are making PERSONAL fortunes on this.
McCain having a “rally” in Orlando and he is pathetic. “Crisis” on Wall St. and economy. But instead of blaming Chris Dodd, Charles Rangel and Barney Frank, and talking about Obama’s allies who headed up Freddie and Fannie, he is talking about CEO pay and immigration reform. Awful. No wonder nobody is clapping.
So, what you're saying is, "no change".
McCain is going after swing voters, not base voters. Having said that, explaining how top executives at Fannie, Freddie, and these other Wall Street financial firms are joined at the hip with powerful Democrats in Congress — and how they have therefore benefited personally despite running their companies into the ground — plays perfectly into the McCain-Palin “reform Washington” message. From a strategic and tactical political perspective, I think it is better for Sarah Palin to make these points than John McCain.
Don’t expect regulatory reform from Congress. All they’d do is add to the pork barrel. To the extent possible, it should come through the Executive branch.
I wish she and McCain would look at the impact of onerous environmental and other regulation on small business. The process takes years and is killing our industry. Along with oil, we now buy almost all of our raw materials from other countries. The costs of regulation, as well as the time and bureacracy involved in going through the process of getting various permits is unreasonable and stifling. It is not all state. The feds do their share under the Endangered Species Act, Clean Water and Air Quality Acts - not to mention all the stuff they impose through the interstate commerce act.
It has gotten so that the integrity and value of private property ownership has seriously been impacted by regulation and uncompesnated regulatory takings. President Reagan knew this and was a real champion of private property rights and the Fifth Amendment.