So, it was not class warfare when Paul Volcker echoed Mellon in wanting to “liquidate labor” in the ’80s, but it is wretched class warfare, and Communism, to mention that capitalism only functions with regulation. I would add that capitalism always has winners and losers, but it becomes problematic when markets merge with the power of government to insure that one group cannot lose and that the government can no longer advocate for the greater good. Heck, our government is a wholly-owned subsidiary at this point. That’s why they have to keep chipping away at state’s power, to consolidate.

(crickets)

This would be much more acceptable if I had the right to take an 18″ pipe wrench to those who cheat me, sell me tainted food or cars that blow up without fear of Incarceration.

Unfortunately, these predators (each and every one a worshipper of Saint Ronnie) have had a very active advocacy from The Top for quite some time… as in, “Get the Government Off Business’ Back.”

American Businessmen: You Can’t Trust ‘em, You Can’t Shoot ‘em and pretty soon, You Won’t Even Be Able to SUE ‘em.

Thanks, Ron, Daddy Bush and Shrub, for running the Way-Back Machine to 1885 or so.

“To know that NAAG and NASAA have been the real protectors of fair markets over the last 8 years would require the needed experience in government. ”

Re: your remark above,

I suspect that Barack Obama and his campaign advisors know exactly what NAAG and NASAA stand for, This is why we will probably never see anyone involved with these orgs nominated for any positions in his government.

I hold this opinion based upon the backgrounds and controversy regarding ethical practices of his campaign advisors.

ESPECIALLY- David Axelrod probably knows about these two organizations. He would have a need to know due to his ‘astroturfing’ activities that a company he formerly ran (but had to separate from due to conflict of interest)in Chicago.

Businessweek, “The Secret Side of David Axelrod -The master of “Astroturfing: has a second firm that shapes public opinion for corporations- by Howard Wolinsky 3/14/08

http://www.businessweek.com/bwdaily/dnflash/content/mar2008/db20080314_121054.htm?campaign_id=rss_daily

“Who Has Really Protected American Consumers and Investors Over the Last 8 Years?”

Answer:
American Consumers and Investors

The ones that got burned are the ones that counted on the state to protect them. The ones that abdicated the responsibility that comes with the freedom of capitalism.

I don’t need a diaper, and I don’t see why a guy I don’t trust for anything I should trust for protecting my financial well-being against fraud.

One possibility is that he was just “pulling our leg” about reform during the campaign. With Barack–“the change you can believe in is the change in my positions”–Obama that is always a strong possibility.

We’re about to see another “bait and switch” come down the pike, acc. to Krugman, in the form of the “bad bank” scam on the American public. Krugman isn’t buying it thus far [I am not in favor of Krugman's solution either], but I am glad he’s at least talking about it:

Wall Street Voodoo

What I suspect is that policy makers — possibly without realizing it — are gearing up to attempt a bait-and-switch: a policy that looks like the cleanup of the savings and loans, but in practice amounts to making huge gifts to bank shareholders at taxpayer expense, disguised as “fair value” purchases of toxic assets.

[...]

I hope I’m wrong, but I suspect that taxpayers are about to get another raw deal — and that we’re about to get another financial rescue plan that fails to do the job.

http://www.nytimes.com/2009/01/19/opinion/19krugman.html?_r=1&partner=rssnyt&emc=rss

More on the bad bank
http://krugman.blogs.nytimes.com/2009/01/18/more-on-the-bad-bank/

Before basing a future approach on the past, let’s at least look at the past honestly.