More Federal Regulation?

John McCain (and Obama for that matter), have it all wrong.  Here is what McCain has to say about the economic situation:

“We are going to fight the greed and irresponsibility on Wall Street. These actions [leading to crisis] stem from failed regulation, reckless management and a casino culture on Wall Street. … We need strong and effective regulation … “

No, that is what got us in the mess to begin with.  How much you wanna bet Govco will soon be telling CEO’s how much they can make?  How soon before it trickles down to you and I?  if anything, Govco needs to get out.  Leave it to the private sector.  It will sort out. 

No, I’m not talking about zero regulation.  That is the typical response.  You say we need less Govco and the crazies out there say “No government?  It will be anarchy!!!”.  Of course fraud and such needs to be regulated and prosecuted however, simply because I, as a business owner, made some bad mistakes, should Govco (meaning you and I) bail them out? 

Can we get a moratorium on more Govco regulation?

Tags: Bail out, Govco, John McCain