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A place to learn, mingle, and share

This room is for the discussion of current events,cultural issues and politics especially in relation to Catholic values.

Saint Thomas More was martyred during the Protestant Reformation for standing firm in the Faith and not recognizing the King of England as the Supreme Head of the Church.
Learn More:Saint Thomas More

Nov 18th 2012 new

(Quote) Gustavo-764558 said: Any length of time listening to a political conversation would expose one's ears to "...
(Quote) Gustavo-764558 said:

Any length of time listening to a political conversation would expose one's ears to "socialism." The threads on CM are titled "Why did America choose socialism?"

I've come across entries that rip Pres. Obama as a Muslim and socialist.

Have you heard it to build someone up?
--hide--


Socialism is against a lot of American's idea of Government so someone who wanted to implement it in America would not be looked upon
favorable.

Many people consider socialism an equitable form of Government and to them it would be a very positive reference.

The world itself is not negative or positive.

Nov 19th 2012 new

That was a misunderstanding with the team from Alabama. The article rebutting it by the Alabama company is further down.

Nov 19th 2012 new

(Quote) Elizabeth-462557 said: Unfortunately, snopes has lost its reliability. In this particular incidence, I have...
(Quote) Elizabeth-462557 said:



Unfortunately, snopes has lost its reliability. In this particular incidence, I have family members in Alabama who know that this personally happened. Information is easy to find. You can Google "Alabama Power turned away from helping Sandy Victims." Some of this may have been straightened out by now, I hope.

- Elizabeth

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Elizabeth: Are you saying that your family members in Alabama know that the crew from Alabama that tried to help out
in New Jersey went home because of the requirements by the union?

Nov 19th 2012 new

(Quote) Marianne-100218 said: Elizabeth: Are you saying that your family members in Alabama know that the crew from ...
(Quote) Marianne-100218 said:



Elizabeth: Are you saying that your family members in Alabama know that the crew from Alabama that tried to help out
in New Jersey went home because of the requirements by the union?

--hide--

Yes, that is what happened early on, but it was resolved after the first crew went home and others came to help. I think the confusion of the aftermath of the hurricane is to blame. Having lived through several hurricanes, I know how horrible it can be. Cooler, wiser minds resolved the union issue and union and nonunion workers have worked together to get the power back on. When these things happens, it is so shocking that I can understand why there might have been a glitch in the initial response.

- Elizabeth

Nov 19th 2012 new

(Quote) Gustavo-764558 said: I have been in the Carpenters Union and I've never been told to slow down. Yes, workers mu...
(Quote) Gustavo-764558 said:

I have been in the Carpenters Union and I've never been told to slow down. Yes, workers must be productive for a place to stay in business.

I think the ideal economic model is a hybrid of capitalism AND socialism. Something based upon graduated, protected risk and reward. This current economic situation showed us the dark side of capitalism.
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Perhaps you could elaborate a little. I believe in a limited government as directed in the Constitution. Their roll in business regulation should be primarily at the State level. Regulations should be limited to stopping illegal activities and encouraging a business friendly environment. I'm not sure how Government can provide a graduated, protected risk and reward or what that means for that matter. Protecting a business from risk would be impossible unless they start picking one private company over another. Guaranteeing reward or limiting reward? Could you explain further?


As far as this current economic situation, I submit that it is massive Government regulation that causes abnormally sizes swings in the economic cycles. The prime example or culprit in the Making Homes Affordable Act, which not only encouraged banks to lend to people who could not afford homes, but threatened with fines if they did not lend. This is the true heart of the current economies situation in which I blame Chris Dodd and Barney Frank as Bush 43 warned congers in 2006 to the impending crash. Dodd and Frank insisted that all was well. The problems are much deeper than that, but this is just a simplified assessment.

Nov 20th 2012 new
(Quote) Ron-481546 said: Perhaps you could elaborate a little. I believe in a limited government as...
(Quote) Ron-481546 said:





Perhaps you could elaborate a little. I believe in a limited government as directed in the Constitution. Their roll in business regulation should be primarily at the State level. Regulations should be limited to stopping illegal activities and encouraging a business friendly environment. I'm not sure how Government can provide a graduated, protected risk and reward or what that means for that matter. Protecting a business from risk would be impossible unless they start picking one private company over another. Guaranteeing reward or limiting reward? Could you explain further?




As far as this current economic situation, I submit that it is massive Government regulation that causes abnormally

sizes swings in the economic cycles. The prime example or culprit in the Making Homes Affordable Act, which not only encouraged banks to lend to people who could not afford homes, but threatened with fines if they did not lend. This is the true heart of the current economies situation in which I blame Chris Dodd and Barney Frank as Bush 43 warned congers in 2006 to the impending crash. Dodd and Frank insisted that all was well. The problems are much deeper than that, but this is just a simplified assessment.

--hide--


An example would be prevailing wage, leveling the playing field with a set rate for labor for all contractors.

Businesses need regulations. Self-policing doesn't work. The SEC was formed due to unscrupulous banking practices 80 yrs ago, in the 80s we had the S&L scandal, and look at our foreclosure crisis now; derivatives are something only an alien race could understand
Nov 20th 2012 new

(Quote) Gustavo-764558 said: An example would be prevailing wage, leveling the playing field with a set rate for labor for ...
(Quote) Gustavo-764558 said:

An example would be prevailing wage, leveling the playing field with a set rate for labor for all contractors.

Businesses need regulations. Self-policing doesn't work. The SEC was formed due to unscrupulous banking practices 80 yrs ago, in the 80s we had the S&L scandal, and look at our foreclosure crisis now; derivatives are something only an alien race could understand
--hide--

The SEC has nothing to do with banking except in how they issue their stock and what financial reports they must file.

Banks are regulated by several other Federal Agencies, including the Federal Reserve, FDIC, the US Treasury Dept and several others.

The SEC used to and still does have jurisdiction over Investment Banking activities, brokerages and sellers of investment products other than savings accounts and Bank CDs.

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