Bruce: More vs. Less Regulation

Fred:

I disagree with the premise of your argument that we need more regulation and not less. As for the tort bar, I agree that we need a means to take our grievances to a court, but is the tort law practiced by John Edwards and this crowd done anything to benefit anyone other than the plaintiff bar? The answer is no and their lobbyist have Democratic legislators in their back pocket.

Think about the banking crisis and the TARP bailouts last year. Has any government official explained what went wrong and what has been done to fix the problem? Government forced and encouraged lending institutions to make bad loans, and guaranteed them through Fannie and Freddie. It seems like only a few hedge funds managed to figure this scheme out.

The very reason you don't have a competitive health insurance market in Maryland is because of government regulation. It's as simple as "if you can't charge what you want and insure who you want, the price goes up". It works that way in any market with any commodity or service.

I'm not saying that insurance shouldn't be available to all people, only that it will cost more to do this. Judging for past and current programs, government involvement will only make it cost more and work less efficiently.

Show me some examples of government programs that work well, have balanced budgets, and deliver the product or service better than the private sector?

The underlying reason for our problems today is that we are taxed excessively, with much of the $$ going to pay interest on the debt. This is a never ending spiral downward. You just can't create new programs, keep promising more, and paying for it with $$ that doesn't exist. In the past year, we have added 1 trillion to the deficit and increased the money supply by 25%. The result will be a short term party followed by a long and painful hangover. My answer, wait until the party is rolling along again and buy gold, oil, managed futures and hedge funds. The next fall will be worse.