Author Topic: Foxes leaving the back door of the hen house open? (Read 160 times)

popeye · « **on:** October 22, 2002, 03:42:28 PM »

What a surprise....

"Less than three months ago, President George W. Bush, with great fanfare, signed sweeping corporate anti-fraud legislation that called for a big increase in the budget of the Securities and Exchange Commission to police Corporate America and clean up Wall Street.

Now the White House is backing away from that budget provision and urging Congress to provide the agency with 27 percent less money than the new law authorized."

http://www.iht.com/articles/74296.htm

miko2d · « **Reply #1 on:** October 23, 2002, 07:15:48 AM »

Good. Private industry will solve it's problems without daddy gov't intervention. When Andersen auditors screwed up they got fired and the company went bust. Who do you fire when gov't auditors screw up?

Care to name any company that has been running deficits as long as the governemnt?

You want an auditor to keep company you invested in safe - hire one, do not rely on a bureaucrat appointed by scoundrel elected by idiots.

miko

Eagler · « **Reply #2 on:** October 23, 2002, 07:19:06 AM »

Quote

Originally posted by miko2d
... do not rely on a bureaucrat appointed by scoundrel elected by idiots.

miko

Is this a "GET OUT THE VOTE" ad or what

Nov 5 - put up or shut up!

miko2d · « **Reply #3 on:** October 23, 2002, 08:06:06 AM »

Eagler, we do not have parlamentary system here. I cannot vote for the party composed of economists and accountants that is interested in oversight of industry ethics to represent me in Congress - even if with a couple of seats. I have about five candidates in NY from which the democrat will be elected. I am pretty sure that none of them is a financier or economist and the issues they advertise have nothing to do with that one - mostly they discuss handouts for useless elderly who failed to amass retirement savings despite great health that allowed them to live so long and free time from not having children who would care for them or pay the taxes.
The product I want is just not sold here - gun contol, presciiption benefits, finance reform - but no stand on accounting standards.

BTW - the candidates are probably all good peope. I am quite willing to let them decide teopogical questions like when ensoulment occures so they know when abortion becomes a murder. But since they have no clue about accounting and no interest in it, why not live it to pivate firms.
Same with president - he has his hands full with his constitutional duties - military, foreign relations, etc.

Whatever gov't does is necessarily polittical. Federal reserve and treasuty are supposed to fight inflation and stabilise economy.
Well, what is the raise in price of investment earnings or housing if not inflation? Why wouldn't they act to prevent stock market bubbles or rise in housing prices? Becasue that woule not be political. When price of bread grows 4% it's bad but when house price shoots up by 40% it's somehow good? Or stock market doubles in two years?

Who corrected the stock mareket bubble and will correct housing prices bubble, the government? I do not think so. It will be us - the private folk.
Of course then there will be an outcry because the idiot who kept his retirement savings in Enron stock will owe $300,000 on a $100,000 house - and get foreclosed. I bet there will be appeals to nationalise housing market.

miko

Wotan · « **Reply #4 on:** October 23, 2002, 08:08:25 AM »

eagler is been proven that the more people that cast votes conservatives do poorly.

Low voter turn out is what you want.

In South Dakota Native Americans rarely vote, when they do they vote liberal. I beat a few "civic groups" will offer to bus them to the polls. That race is just tight enough to swing it either way. Same here in Florida. If you are a Jeb man hope voter turn out is low.

Better for the right wingers to say

"Nov. 5th Please move along, nothing to see here"

miko2d · « **Reply #5 on:** October 23, 2002, 08:18:01 AM »

Wotan: eagler is been proven that the more people that cast votes conservatives do poorly.

Forget even political differences, what is the lowest IQ where a person is capable of understanding how to solve those issues? 120? 115? Barely able to graduate high school? 105 then. That would still leave out 63% of the population.

Why would we expect that the same people who where happily swindled by expecting unbelivable return on something as basic as energy trading to sudenly wise up and formulate correct policy?

miko

lazs2 · « **Reply #6 on:** October 23, 2002, 08:32:16 AM »

if you have nothing (for whatever reason) you will tend to vote for the group that gives you the most of other peoples money.
lazs

Eagler · « **Reply #7 on:** October 23, 2002, 08:44:02 AM »

miko
I agree with ya bout the gov stayin out of it, just found your line funny if not accurate

lazs
yes they do, shame too - typical though of this countries current mindset

wotan
of course I'm a Jeb man!
they showed Jeb and McBride's tv debate on news this morning and mentioned " high profile support" for the candidates sitting in the audience. The camera panned to Barabra Bush for her son Jeb and then spun to Janet fish eatin Reno for McBride. I thought that said it all

Wotan · « **Reply #8 on:** October 23, 2002, 09:50:58 AM »

Quote

Forget even political differences, what is the lowest IQ where a person is capable of understanding how to solve those issues? 120? 115? Barely able to graduate high school? 105 then. That would still leave out 63% of the population.

Why would we expect that the same people who where happily swindled by expecting unbelivable return on something as basic as energy trading to sudenly wise up and formulate correct policy?

miko

Quote

There were three principles promulgated by the Republicans [the French Revolutionists] which to him were profound absurdities. The first was the doctrine of equality; not simply of equality in the eyes of the law (that he accepted), but of absolute equality.

The second revolutionary principle was the doctrine of government by the people. He believed in no such governmental powers. Even when you kill the king, he says, you do not know how to rule in his place..... He pointed to the fate of France "as a lesson both to the governors and the governed, but even more for the latter then former. The rulers were destroyed, but who was there to protect the Many against the Many? The mob became the tyrant..." What wonder then if he felt repulsion to all the apostles of Freedom, when on close scrutiny he found they all sought nothing but license?

The third principle was, that political freedom is necessary to man.... through life we find him insisting on the fact that no man can be free; the only freedom necessary is that which enables each to go about his buisness in security, to rear house and children, to move unconstrained in his small circle...."

G. H. Lewis - The Life and Works of Goethe

I guess I could look up and post the number of eligible voters in the US and then post the number of eligible voters who actually vote. However, there are a good many who no nothing outside their small circle. Whick leads me back to

Eagler

Quote

then spun to Janet fish eatin Reno for McBride.

Even though she (Reno) was McBrides opponent in the Democratic primary and Attorney General those who hold the key to these elections are those who most likely dont even know who she is.

I used to believe that only a sucker doesnt vote but it becomes more clear each day that it may be the other way around. Miko is corrrect in that people who are happy being swindled seem incapable to logically examine what it is they are voting for.