A
Al_Masetti
Guest
Talk about target-rich environments!!!It depends on what you are talking about, and try not to always paint with a broad brush…one size fits all.
I think no one wants or looks forward to a nanny state, but there are times when there is a need for government oversight. Oversight not supreme command.
For instatance, wonder why when your at the airport the system is sooo deteriorated now, late flights, faulty equipment, your sleeping on the floor? Or how the Savings and Loan robbery in the 1980’s occurred and we the American people bailed them out (we paid through our taxes). or the recent mortgage theft (we’re bailing them out again)? Or remember Enron?? Everying above went south as soon as there was: DEREGULATION!
This is what happens when people feed into the fantasy of "We want government off of our backs, and then it goes too far.
Oh yea and after government is removed by the politicians taking money from people in that industry, it goes to you know where. Industry cannot regulate itself without government oversight. The government is not some evil empire, the government is you and me…the people.
Where to start?!!!
Air Traffic Control … the design and construction/installation is controlled totally by … ta-da … the Federal Aviation Administration which [me talking] is 50 years behind the state of the art in ATC technology. Third-world and Fourth-world countries buy their ATC systems from catalogs and the internet. They get the latest and for very good, competitive prices. But not our gummint bureaucracy. No-un-huh. Nope. Our FAA bureaucracy writes incomprehensible specifications that one critic claimed actually violated the laws of physics. I don’t know about that. But pull-down menus on radar screens are definitely bad form.
[The bureaucracy was soooo messed up and soooo behind schedule that some years ago the FAA administrator just went out to … [horrors] IBM … and bought a bunch of off-the shelf computers. She asked IBM: “can your machines run our existing software”. He said, “Yes”. She said, “When can you deliver?”. He said, “Tomorrow”. And that’s how IBM bailed out the FAA. The old machines were so old and unreliable that they used TUBES (which is not an acronym) that could only be purchased from … ta da … The Soviet Union. *.
The S&L crisis …ah yes, they changed the FEDERAL FDIC guarantee … raised it from (if I recall correctly) $25K to $100K and all of a sudden there was a scandal. In the U.S. Senate. Gaol (pronounced “jail”). The Keating Five. But I can’t / daren’t name them.
The recent mortgage theft. Congress passed a bunch of laws that required banks to loan money to folks who couldn’t pay it back. That’s our gummint.
Enron … Lincoln Bedroom. Very expensive cups of coffee.
And without deregulation you would not be able to afford airline tickets. Check out Alfred Kahn.
I would write more, but I’m lightheaded from being typing so fast that I’m breathless.*