AdrianK9
17 May 2016 #1681
terribly short sighted
Everything in the US is now with only short term goes in mind - with no thought about the long term. It's a game of kick the can down the road with everything - economics, foreign policy, social security, medicare, etc.
The only people that seem good at making long term goals are the Dems to win elections.
Reagan financial success
Reagan actually use to be a new deal supporter till he realized that government is not the solution but the problem. Although yes, deregulation has been especially profitable for the people in the inner circle so has increased regulation as certain groups or people in the know are awarded government contracts and receive special treatment. Yes, the new deal did great things with social security, housing, infrastructure, etc. I'm not going to argue that - it was a great long term strategy.... at the time. It was great for the average American and I really do believe FDR had the peoples' best interests in mind. However, the problem though is that it set a dangerous precedent - it increased the debt massively, bloated government bureaucracies, and worst of all it sent a precedent for bills like this in the future which wouldn't be based on the peoples' best interests but rather by lobbyists and corporations who seek to profit from expanded government spending.
The problem is that even when some sort of law is passed that is supposed to protect consumers, it's written by lobbyists from some industry or some company that screwed over the consumers in the first place. Take Dodd-Frank "Consumer Protection Act" for example - it was written by banking lobbyists, especially from Citibank, after the banks were bailed out by taxpayers and consumers lost their life savings, their investments, their homes, etc. Consumer Protection Act my a$$...