You should substantiate the above statement

It is my understanding the regulated banks did not write these sub prime and Alt A no document loans. It was the unregulated mortgage industry (ie country wide) that did it. Mr. Greenspan was authorized by congress to stop it and he didn’t do anyting and the syatem went wild. Bernanke came in and used his authorized powers and shut it down. We still have the mess.

As far as government regulation there will always be a need for that to monitor the greed factor. In the case of the subprimes banks were good at self-regulating because it was in their business interests not to lend money to people who could not pay it back. But government and courts got in the way and did force them to open up credit to unqualified people and that started a slippery slope to where we are now unfortunately. Sometimes good intentions have unintended consequences.

I am with you on elected officials making decisions about business when in fact they never ran one themselves.

Given the propensity for our industry’s to invest overseas, it is going to have to be focused on local infrastructure and small business.

We need to the remember that this mess was started with Subprime, no document loans from a unregulated industry. A lot of the securitization was done by the lightly regulated Investment banks which no long er exist because of the fiasco. The Credit Default Swap fiasco was from a unregulated industry. The financial rating system was on the take and is no longer credible.

These guy’s take all these risks and the public is left with the disaster. So the ardent proponents of free markets in fact are hippocrits. When they get in trouble they come crawling to the government. They make welfare queens look like pikers.

Since the free market is not regulating itself, the government will have step it.

Those of us who support true free markets with the consequences of failure to regulate the greed and incomptent really get tired of these right wing and left wing people who probably have never written a business plan or managed a business project

If you are a Daily Kos/MSNBC sycophant then you believe that. The only people trying to discredit her are far left ideologues and people, like yourself, who have not read primary information.

I read books sir and don’t accept information because it benefits one political party of the other. Facts matter.

Also David Sirota is a political pundit – not a credible historian or economist. And his primary source of support is from The New York Times which is no longer a credible source of any information including sports.

I would suggest you actually pick up Amity Shlaes book and read it yourself before embarrassing yourself with more uninformed bloviation.

You’ve been listening to too much Corporate Media again, haven’t you? Tsk-tsk. It could be ‘lump-of-coal’ time for you (again!) this year, I’m afraid.

You see, historians pretty much agree that Amity Shlaes — in addition to her book having been thoroughly discredited — is simply a fringe-right-wing bloviator of the sort most commonly found skanking around cesspools like Fox “News”.

You might want to take advantage of the holidays to study up on Fox News: ‘Historians Pretty Much Agree’ That FDR Prolonged the Great Depression, by David Sirota, for ‘teh infos’ on Shlaes’ jihad against all things FDR.

Joyous Festivus!

The New Deal didn’t take effect until there was 25 percent unemployment and “the recession” had been spiraling out of control for 3 years.

I think anyone who lived during that time who benefited from PWA would tell you that it saved them from starvation.

Many of the structures built by the PWA are still in use today. We actually had something of value that promoted continued use economically after they were build.

Most states also require these children to pass the state’s graduation test to get a diploma. The children of these parents know what the standards are and make sure they are covered.

Other states or specific school districts also offer some classes in a regular classroom that children can attend. These are with a certified teacher. Students come once or twice a week, for insance to use a science lab. Parents also meet with these teachers to make lesson plans and to borrow classroom textbooks to aid in their lessons.

I know another former teacher who is a supervisor of home school parents who drives around a small region and meets with parents and offers suggestions and lesson plans.

There are also on-line resources for home schools.

The GNP is not the proper measure for the relative health of an economy that has dramatically shifted from a free market system to a big government employer system.

If you want to talk about market growth look at the Dow Jones Industrial Average in January of each year. What is in bold are the New Deal years before World War II.

DJIA January
1929 308
1930 286
1931 172
1932 73
1933 55
1934 102
1935 101
1936 156
1937 186
1938 99
1939 131
1940 148
1941 123
1942 99
1943 137

Then of course there is unemployment.

Unemployment Rate
1929 3.3%
1930 8.9%
1931 15.9%
1932 23.6%
1933 24.9%
1934 21.7%
1935 20.1%
1936 17.0%
1937 14.3%
1938 19.0%
1939 17.2%
1940 14.6%
1941 9.9%
1942 4.7%

The only way you could consider the New Deal an economic policy success is if you consider a average sustained unemployment rate of over 15% for over 7 years a success. Before WW II the government was already accepting that there would be a permanent base of unemployment at over 10% and had run out of ideas.

If you want to talk about specifically what good things and what bad things came out of the New Deal then that is a worthwhile discussion. But to characterize the New Deal as a success is just not factually and historically right.

As I said, you either learn from history or you are destined to repeat it.

Problem is home schooling requires ADULT SUPERVISION — and that means one parent (usually the mother unit) to remain at home.

Home schooling implies that the parents are themselves are literate and educated. How many parents know how to find places on a world globe? Teachers should know a bit more than their students and not be total ignorant blobs (which has been proven in this last election that a large percentage of the population have little or no critical thinking ability or a basic level of knowledge.)

Home schooling requires someone who knows something about education — the slick packages and computer based lessons are for the generic child/student.

Home school still needs a TRAINED teacher.

Too often home schooling is done by parents to teach a specific dogma — religious or political or both.

Few parents (and many teachers) are equipped to deal with LEARNING DISABILITIES — and the pre packaged programmed learning certainly cannot adapt to the wide range of learning disabilities.

Some students are self motivated and can adapt to nearly any chaotic situation — but students with say, attention deficit disorder, will require someone who has had experience in motivating and managing such a child.

There is a reason why community schools were a major feature in the west ward migration — when enough families settled in frontier outpost — churches and schools were established.

US GNP in constant dollars increased by 52.1% from 1933 to 1937. In the same time period, US exports more than doubled, and the unemployment rate was nearly halved. Yes, there was a mild recession in 1938 (resulting in 0.2% – that’s right, two-tenths of a percent – reduction in GNP), but by 1940 the GNP had grown another 10% and was 65.4% higher than it had been in 1933 when FDR took office.

Figures don’t lie – the New Deal was an amazing success.

http://www.youtube.com/watch?v=qDC0qcf0kzE