It's NOT the Jobs stupid; It's the Stock Market.
Here's an example how REGULATIONS can affect the marketplace.
As a response to the laissez-faire attitude following the "Great Depression" (aka the FIRST depression), one key regulation was put into effect, separating financial institutions from banks. It was called the Glass-Stegal act, (search for it in my blog, if you haven't head of it before...)
This essentially just made sure banks didn't get involved in really poor decision making in investments.
It created two different classes of financial institutions. And was very safe until congress managed to repeal it (yes, under a democratic president in stealth mode).
Another example:
The REAL stealth law passed by congress on the LAST day of a congressional session, and sponsored by a Senator who now works for Wall Street, and managed to get this passed less then 5 minutes at the end of the session. Less then a month later it was law, the senator had retired to wall street, and no way could anyone regulate (hedge funds do it, the name escapes me now)...
Another Example:
Once upon a time it was required for someone trading oil futures contracts to arrange to take delivery of the product. Then it was changed, so that you DIDNT have to collect the product.
I say had this small regulation be maintained that the OIL futures market would not be the profitable, dangerous place it is for most of America (and dangerous for how the market price of gas rises and falls, depending on how someone feels that day).
SO:
I believe that it is quite bogus for Republicans and Tea-Party folks to claim they want less regulation when in reality the regulation would have helped the entire country.
Takeaway:
We need to start to RE-Regulate our economy. Doing unto others as you would have them do unto you has not worked, we now need sticks, instead of carrots.
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