[quote=curiousmind] I do think this is because he is not a “company” man. But as far as his ideas go – they are faith based.
Examples? Be careful. Don’t make me drink a coffee and destroy the rubbish you will have to produce! ;)[/quote]
Without going into is fairy tail beliefs
From RP
However, many in Washington fail to realize it was government intervention that brought on the current economic malaise in the first place. The Federal Reserve’s artificially low interest rates created the loose, easy credit that ignited a voracious appetite in the banks for borrowers. People made these lending and buying decisions based on market conditions that were wildly manipulated by government.
Simplistic and shallow analysis of the dynamics in play. And the simplicity is either dishonesty or ideological driven blindness.
His ideas on where the influences come are backwards. He paints a picture of the misguided “state” decisions forcing conditions that caused the banks and borrowers to go crazy, without every any thought on where the influences came from. He paints it as misguided government action rather than what it is, industry control over the government.
What we had was a massive market failure. The government did not cause banks to get rid of standards – competition did.
The government did not force people to buy homes fraudulently with help from RE agents and Mortgage brokers.
The government sure set up the conditions for this – but he ignores why the government set up the conditions for this. That “why” contradicts directly with his belief system, so he ignores it.
Don’t get me wrong it does not mean I like any of the corporate mafia choices that we are given. In fact, I’d like to see the whole system implode if RP was elected. But he would get a world that goes to the exact opposite ideology that he espouses. Capitalism can’t stand without massive state intervention. It’s time for adults to stop believing in fairy tails.
