US Bishops' Conference Largely Disappointed by Debt Ceiling Agreement

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seekerz said:
And that makes greed okay?
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No. But you seem to forget that the greedy government has been a major contributor to the rising cost of health care and can hardly be looked to for guidence in controlling run away costs.
 
SamH said:
No. But you seem to forget that the greedy government has been a major contributor to the rising cost of health care and can hardly be looked to for guidence in controlling run away costs.
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You were the one who brought the government into the fray as the solution you seem to imagine I would prefer. I’m not sure I agree that government and profit-at-all-cost companies are on opposite sides at all…
 
rlg94086 said:
Gladly.
en.wikipedia.org/wiki/Laissez-faire

We don’t have that.
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I am well aware of what “laissez-faire” means (took French in high school) and it exactly describes to me the attitudes that led to the recent Wall Street fiasco. What does it matter how many government regulations exist if they don’t have the effect of restraining greed and profiteering at the expense of the less powerful?
 
seekerz said:
I am well aware of what “laissez-faire” means (took French in high school) and it exactly describes to me the attitudes that led to the recent Wall Street fiasco. What does it matter how many government regulations exist if they don’t have the effect of restraining greed and profiteering at the expense of the less powerful?
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It matters when discussing unfettered capitalism aka laissez-faire capitalism and incorrectly attributing it to our situation.
 
Prodigal_Son1 said:
The spin attacks and ad hominems certainly make me believe I am right in my views. They lack adding any valid information to the discussion, as well as any charity. It seems to be a tactic to promote a political agenda only and reeks of ‘everyone for themselves’.
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Ad hominem? Pot calls kettle black.

Maybe you can explain why the Church has spoken out against the welfare state, socialism and communism? One can argue that people had the same intentions of the “progressives” that led countries down this road - to help the poor, all the rich are evil, etc. And the poor then had it a lot worse off then the so called poor do now.

It should be noted that the Church has also spoken out against unfettered capitalism as well. I agree with this position as well.
 
seekerz said:
I am well aware of what “laissez-faire” means (took French in high school) and it exactly describes to me the attitudes that led to the recent Wall Street fiasco.
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Actually the mortgage crisis was the direct result of government intervention and regulation in the mortgage markets. Then the FEC’s mark to market rule was the primary contributor the liqudity crisis that led to the massive TARP bailouts. Unfettered capitalism had little to do with any of it.
 
SamH said:
Actually the mortgage crisis was the direct result of government intervention and regulation in the mortgage markets. Then the FEC’s mark to market rule was the primary contributor the liqudity crisis that led to the massive TARP bailouts. Unfettered capitalism had little to do with any of it.
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👍
 
rlg94086 said:
It matters when discussing unfettered capitalism aka laissez-faire capitalism and incorrectly attributing it to our situation.
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I dispute that my this attribution is incorrect: ineffective regulation = no regulation in my book.
 
SamH said:
Actually the mortgage crisis was the direct result of government intervention and regulation in the mortgage markets. Then the FEC’s mark to market rule was the primary contributor the liqudity crisis that led to the massive TARP bailouts. Unfettered capitalism had little to do with any of it.
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Yes, Barney Frank. Even he says so…

"“We made a mistake,” said Frank, “when we equated providing decent housing for everyone with giving everyone the right to own a home.”
 
seekerz said:
So government regulation is what caused financial firms and banks to practice predatory investment practices even when they knew these practices were unsustainable?
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Who forced them to open up lending and loosend lending requirements? Who repealed Glass Stegal?
 
Prodigal_Son1 said:
I have posted articles in other threads; however, your ad hominem statements grow old and lack charity. I will not be responding to such tactics.

My whining is me sharing what I believe the Gospels teach. Your remark is offensive to say the least, not only towards me but the teachings I believe in.
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:clapping:
 
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