Keep the reins loose

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There's been plenty of debate at the Group of 20 economic summit in London this week over what world leaders should do to revive the world economy.

The best advice we can think of is, get out of the way!

The markets thrive in a climate of freedom. And the markets are showing signs of either bottoming out or rebounding.

Stocks had their best month in six years in March, while existing home sales were up in February.

The first quarter was a disaster, obviously, and rising unemployment numbers and other factors make you wonder if the bottom really has been hit.

But one thing is clear: Big government is more likely to hurt than to help.

Treasury Secretary Timothy Geithner predicted the G20 summit would yield "the strongest consensus on coordinated global stimulus you've seen in generations -- a very powerful consensus on the kind of 21st century rules of the road for our financial systems."

Perhaps. And we hope it works. But we also hope it doesn't put ankle weights on the free market.

Geithner does suggest that growing trade will be key to a global recovery, and we agree. But the philosophies of the Obama administration -- and Geithner's ominous position that the government may force out other corporate leaders after essentially firing the CEO of GM -- give hesitation.

Stability and predictability in government policies will also help determine business' confidence in investing for the future, writes former Bill Clinton adviser Dick Morris. So far, he says, the Obama administration has only added to the instability.

"Each day's news brings another bold and far-reaching proposal to change the fundamentals of the U.S. economy," Morris writes in a column with Eileen McGann. "And each time he indulges his personal ideology with such a pronouncement, businesses all over the world cut back on their planned investment until the dust settles.

"Most incredible was the fact that he chose the middle of a deep recession to announce a major tax-code overhaul."

Some experts said last fall the best thing the government could do was nothing.

So far, the world has seen little evidence they were wrong.

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FallingLeaves
27
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FallingLeaves 04/04/09 - 03:11 am
0
0
If U.S. producers/employers

If U.S. producers/employers are shipping jobs overseas, the employees there spend their paychecks overseas. How does that help the U.S. economy? How do we get employees to spend money here in the U.S.? Hire U.S. citizens in the U.S. That will up the odds they'll spend their paychecks here.

TechLover
15
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TechLover 04/04/09 - 04:08 am
0
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Who at the AC keeps pulling

Who at the AC keeps pulling quotes from dubious sources? " former Cliton advisor". Morris is a hired hack. He also worked with Trent Lott and Jesse Helms and most recently is on the payroll of Faux News. He'll talk the talk of anyone who pays him. After all, he needs the cash to pay for his toe sucking visits to prostitutes.

_SisterAbdullahX_
3
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_SisterAbdullahX_ 04/04/09 - 05:41 am
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I wonder if TechLover the

I wonder if TechLover the amateur hack can back up any of his/her sophomoric libel against Dick Morris? Doubt it.

JohnRandolphHardisonCain
576
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JohnRandolphHardisonCain 04/04/09 - 06:58 am
0
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Dick Morris' involvement with

Dick Morris' involvement with prostitute(s) is well documented. Google Dick Morris + prostitute. It is also a documented FACT that Dick Morris is a paid consultant for FOX News. As far as this editorial goes, The Augusta Chronicle editorial staff (ACES) is regurgitating the disproved Republican axiom that free markets are self-correcting. Of course it depends on what one means by markets. If banks, insurance companies, Wall Street investments firms are part of the market, and they most definitely are, then lack of regulation and oversight was a direct cause of the recent collapse which necessitated a bailout of these free wheeling markets. A case can be made for minimal regulation, but regulation & oversight are definitely needed. Otherwise we risk ongoing crises and even bigger crashes. It is the proper role of government to provide oversight on how U.S. taxpayer bailouts (which BTW have stimulated the markets to rebound over the last month) are spent. ACES & born again "Regan Republicans" railing against big government is hypocrisy. Both Reagan & G.W. Bush increased the national debt with spending programs. Republicans have been lousy stewards of our money. DO NOT TRUST THEM!

_SisterAbdullahX_
3
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_SisterAbdullahX_ 04/04/09 - 07:04 am
0
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I will ignore any further

I will ignore any further posts by Cain since he is too cowardly to answer the questions I have asked him.

patriciathomas
42
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patriciathomas 04/04/09 - 07:06 am
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TechLover, of course, anyone

TechLover, of course, anyone that doesn't buy into the failed Marxist policies O prefers is a hack to you. Reality, history and long term economic trends must also be hacks from your perspective.

patriciathomas
42
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patriciathomas 04/04/09 - 07:25 am
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Cain, while regulation is

Cain, while regulation is almost always a problem producer, oversight with the threat of regulation seems to be the only way to keep over ambitious businessmen from instituting harmful practices. The problem seems to be the balance. It's the tendency of government to over regulate and stifle businesses and growth and there's the tendency for some businesses to use detrimental practices. Our president and his staff of far left radicals hint at a very scary tendency of a leap into Marxist totalitarianism. Not much in the way of balance. Your comments about all of the other stuff is like a new version of what is is.

Riverman1
83606
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Riverman1 04/04/09 - 08:24 am
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Obama is learning as he goes.

Obama is learning as he goes. Jim Cramer did an excellent piece on him the other night about how Obama is now becoming pro-capitalism suddenly. He is starting to say things like we need to build confidence in the stock market again. It is an 180 turn from previous teleprompter spoutings to thrill those ACORN inspired types who believe government should take care of them whether they work or not.

americafirst
966
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americafirst 04/04/09 - 09:23 am
0
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Cramer is a fool. The only

Cramer is a fool. The only reason he is sucking up to Obama is because he got raked over the coals by John Stewart. Now he is so afraid of pissing off any liberal he is starting to pay homage to the new King.

Riverman1
83606
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Riverman1 04/04/09 - 09:47 am
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Americafirst, actually,

Americafirst, actually, Cramer was making fun of Obama's about faces. It was hilarious to see how Obama would say the opposite of something he had said only a month ago. I'm one of those conservatives who hopes Obama comes around handling the economy and international affairs now that he has seen all the hold cards we are playing with. It is one thing to be a whining liberal, anticapitalist complaining about big business, quite another to the president of the country with the greatest free market economy that funds EVERYTHING.

The Knave
24
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The Knave 04/04/09 - 09:59 am
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TechLover is spot on with his

TechLover is spot on with his assessment of that reprobate and scoundrel Tricky Dicky Morris, who has now reincarnated himself as a financial/economic seer. One can easily know that is true because patricathomas has taken the opposite side. This is truly a stunning and incredible position for patriciathomas to take-- since it means she is defending that lout who has a well-documented history of preying on women who feel compelled to sell themselves for sustenance. (It is understandable that Tricky Dicky would have to pay for sexual pleasure since he is such an unappealing, odious and vile creature.) Once again, patriciathomas has revealed the absence of rational thought processes in the bilious rantings of the right-wing reactionary clowns that she dutifully repeats in her posts. Those clowns are the political prostitutes of both branches of the one political party who have driven the Republic over the brink of financial ruin. The Shrub and his willing accomplices in the Congress have set us up for decades of future misery, from which the Republic will emerge, at best, as a second-rate player on the world stage. You who cheer-lead for the political criminals are to blame.

Riverman1
83606
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Riverman1 04/04/09 - 10:21 am
0
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Knave gets his news from MTV.

Knave gets his news from MTV.

joelee
0
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joelee 04/04/09 - 11:06 am
0
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I like your last two lines.

I like your last two lines.
"experts say best thing the government could do was nothing"
and
"the world has seen little evidence they were wrong."

We need more incompetence in government.
Compare Caligula to Augustas Caesar. Caligula ignored his duties and Rome flourished. Augustus established a planned economy and Rome eventually collapsed into the Dark Ages.
Queen Elizabeth I ruled 1558-1603 and was known for her hands off approach to governing. This was known as the 'Golden Age of English History'
Calvin Coolidge (1923-1929) napped in office, cut taxes reduced regulation and left business alone. Under his 'benign neglect' the economy flourished.
The principal holds true today. During the Clinton administration we saw a great leap in American prosperity.
Clinton fought continuously with his Republican congress and spent considerable time engaged in debauchery and depravity.
History assures us that your editorial is 'Right On the Mark'!

convertedsoutherner
2
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convertedsoutherner 04/04/09 - 11:06 am
0
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Once again the dims complain

Once again the dims complain about the comments of others while they post rhetoric and babble. Rhetoric with absolutely NO information with FACTS. Good dim followers who continue to have the best comedy show aorund.

robaroo
730
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robaroo 04/04/09 - 12:41 pm
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Back to the topic....

Back to the topic.... Business regulation seems to swing back and forth between too little regulation and too much. A big part of the current crisis is that we have had too little. Over a period of 20 years, many of the protections that were put into place after the Great Depression were eliminated because they were "too burdonsome". Now we know they were a good idea after all. Businesses were allowed to have some dealings off the book and it was all legal. It's time to reinstate some protection for investors.

KSL
128961
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KSL 04/04/09 - 12:46 pm
0
0
Niko Mahs
83
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Niko Mahs 04/04/09 - 01:00 pm
0
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These posts are driving me

These posts are driving me into heavy drinking. I am taking the rest of the day off to get a good load on. Too much name calling, I cannot tell whether I am a Socialist, a Communist, or a Ventriloquist. So it's time to drink. Hopefully, I'll be OK for church tomorrow, maybe I'll do the 11:00 instead of the 9:30.

Niko Mahs
83
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Niko Mahs 04/04/09 - 01:07 pm
0
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3 policemen dead in

3 policemen dead in Pittsburgh. Some guy thought Obama was going to take his guns away. Now I'm really drinking heavily. Guns and religion and hate don't really mix as well as a good gin & tonic or bloody mary. You cannot tell the Christians from the Muslims nowadays.

WClark40
0
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WClark40 04/04/09 - 01:19 pm
0
0
This writer needs to make

This writer needs to make clear if this is an editorial or opinion on someone elses opinion.What exactly would this writer have us get out of the way of?Would the writer care to wait until the G20 has released a fleshed out nuts and bolt document on the "New Rules of the Financial Road" are released?This is a thinly veiled attempt to try to appear to be astute on a topic without ever actually going over what you are trying to be knowledgeable about.The President clearly stated that "Free and Fair Trade" was an objective of his recovery plan.Who's ceo will not change the fact that your company needs to trade as much as possible to as many as possible.Last I checked the ceos are still lining up to get into 1600 Pa.Ave.Would this writer tell us when is a good time to do anything.If the tax code is broke I suggest you fix it ASAP.He's right now doing what he was elected to do.LEAD

convertedsoutherner
2
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convertedsoutherner 04/04/09 - 01:41 pm
0
0
niko you better be careful of

niko you better be careful of that hate you have for all those that disagree because you can never tell what prezbho and his crooked administration will have his puppets doing next. *** Lead and prezbho in the same sentence just doesn't compute. All he's doing now is campaigning for his next term. He wants to make sure the people over seas and our enemies like him. He doesn't care what the US thinks because he has his puppets he can count on.

KSL
128961
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KSL 04/04/09 - 01:50 pm
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"The President clearly stated

"The President clearly stated that "Free and Fair Trade" was an objective of his recovery plan." Posted by wclark40. It may be what he said, but it's not what he is putting into action.

jack
10
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jack 04/04/09 - 03:36 pm
0
0
If U.S. producers/employers

If U.S. producers/employers are shipping jobs overseas, the employees there spend their paychecks overseas. How does that help the U.S. economy? How do we get employees to spend money here in the U.S.? Hire U.S. citizens in the U.S. That will up the odds they'll spend their paychecks here.
Posted by baroness on Sat Apr 4, 2009 3:11 AM....You don't keep jobs here nor invite new ones from over seas corps with the second highest corp tax in the industrialized world. The DIMs, led by our #1 Marxist, BimbObama, will add more taxes to the corps with his cap and trade plan that will drive the cost of everything we have from gasoline to food and clothing through the roof, as the corps only pass such taxes on to the consumer. The policies of taking over industries and dictating employee pay is the purest form of Marxism and discourages foreign investment/companies.

jack
10
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jack 04/04/09 - 03:51 pm
0
0
Knave gets his news from

Knave gets his news from MTV.
Posted by Riverman1 on Sat Apr 4, 2009 10:21 AM....and PMSnbc.

jack
10
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jack 04/04/09 - 03:57 pm
0
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Funny how Techy, knave , et

Funny how Techy, knave , et al never had a peep about the salacious life of BJ Cliton IN the WH. Maybe Dick Morris took lessons from BJ and Lewinsky. By the way, how about those "vile" DIMs who pay (with tax payer money) for those expensive prostitutes in NY (and was the state AG at one time, then deposed governor named Spitzer). Oh, and that other "vile" DIM, Mayor (former mayor) of Detoit? As for Morris, he is indeed one of the most politically savvy guys in politics today next only to Karl Rove. As for "Faux" news, try PMSnbc. Hell O'Reilly on Fox has 100 months as # 1.

jack
10
Points
jack 04/04/09 - 04:01 pm
0
0
He's right now doing what he

He's right now doing what he was elected to do.LEAD
Posted by wclark40 on Sat Apr 4, 2009 1:19 PM....Yep, straight into Marxism/socialism and world government.

WClark40
0
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WClark40 04/04/09 - 04:35 pm
0
0
Jack, bailing out

Jack, bailing out banks,Restoring market capitalization,encouraging new technology development,that looks suspiciously capitalistic would you agree?Jack please point out three policy positions he has advocated that are Marxist in definition.Please point out three policy positions that are socialist in definition.One caviat!They have to be unique only to his administration!! Jack can you name the entity or agency that is world encompassing in scope with all the powers that are sovereign to the United States with the ability to supercede The US's will or sovereignity?It doesn't exist.So your premise is that The President, Congress and the Senate will agree to give another entity controll over america's tax till?And you believe all inside the beltway will sign off on this?Good Luck!!

The Knave
24
Points
The Knave 04/04/09 - 04:49 pm
0
0
As usual, jack, you missed

As usual, jack, you missed the point entirely. I realize this may be a bit of a too sophisticated concept for you to grasp, but I'll repeat it anyway: "You who cheer-lead for the political criminals are to blame." You have assumed that I favor the Demon-rats. Once again, your muddled thinking has led you to the wrong conclusion. Both the Demon-rat and Republi-con branches of the one political party are mostly filled with criminals and despicable reprobates. Of course, you choose to see only those in the branch for which you are not cheer-leading, and ignore those who are on your favorite team. I commented on Tricky Dicky Morris because he was the ONLY "authority" quoted in the stupid editorial. (In case you didn't notice, BJ Clinton was not mentioned and, furthermore, you have no idea what I think of Clinton and what I have said about him and his ilk.) Your citing of such luminaries as Rove and O'Reilly proves the shallowness of your thinking. You right-wing fanatical reactionaries have no original thoughts, but rather depend on the blather and hate-filled bile emanating from the mouths of the likes of your heroes, Rove and O'Reilly (another sexually frustrated dope.)

used2Bjonny
1
Points
used2Bjonny 04/04/09 - 05:02 pm
0
0
ksl, how DARE you imply that

ksl, how DARE you imply that The One will do anything other than that which He has promised! Just look at His track record! No, wait, don't look at THAT...um, look at His publications! No, wait, we don't you reading anything that will illustrate what He pretends His real views are...um, look at the high-quality people with whom He surrounds Himself! No, wait, that's just silly...let's see, if you think that He won't do what He says He will do...um...oh, of course! You're RACIST, you vicious hag!

patriciathomas
42
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patriciathomas 04/04/09 - 05:51 pm
0
0
TheKnave, your attempted

TheKnave, your attempted mocking assessment of Rove and O'Reilly as luminaries was actually correct. Rove as an insider and a brilliant bureaucrat and O'Reilly as a former Dem that has matured into an informed conservative Libertarian. Siting these two luminaries may well be biased, but to think it marks one as a fanatical reactionary may indicate shallowness of thinking.

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