by Outcast_Searcher » Fri 13 Apr 2012, 21:23:00
$this->bbcode_second_pass_quote('JRP3', 'S')o exactly how would less government oversight have made the Ford Pinto situation better? No one is suggesting that governmental oversight is going to be perfect, but it's a hell of a lot better than letting businesses just do as they please with little to no consequences.
Typical liberal thinking. I provide a perfect example of governmental regulation and safety oversight being a COMPLETE FAILURE, and you come back with a completely unsupported statement like what I highlighted above in red.
Given how much is spent on "oversight" and "regulation", and how much corruption and incompetence by government allows recent things like (off the top):
- Enron
- Sarbanes-Oxley -- perhaps the greatest productivity sink for no measurable effect in decades. (Remember -- it was going to help "prevent financial fraud". It actually helped accelerate the shipment of corporate jobs overseas. Well done libs.
- The banking/housing crisis (Yeah, there is no regulation on banks.

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- Bernie Madoff (despite numerous warnings to the SEC)
- The BP gulf oil spill, despite BP having hundreds of serious infractions reported. Massive corruption and partying by the EPA instead of properly monitoring BP, leading up to the crisis.
- Numerous unresolved food scares like Tomatos, Peanuts, Eggs, etc. with it clear from the follow-up investigations aired on CSPAN that the leaders of the FDA couldn't find their backsides with both hands. ALL they do really is require massive input and "self-reporting/regulation" which they put into spreadsheets (with a budget of many billions of dollars).
- The FAA in general. (They only recommend and complain. Whenever their lax procedures lead to an accident they explain they can't make the airlines do ANYTHING).
-- The 2010 Census. Still using 50 year old (hardcopy form) technology for crissakes. Completely screwed up on the minimal software changes they were making. Many $billions over budget. Completely clueless and useless on CSPAN when grilled by congress as to what the hell they were DOING over there with that huge budget and so little to show for it.
- (The list is endless -- but this suits to provide some quick examples).
So, given the reputational damage businesses face when screwing up -- and except for whining, seeing how helpless and hapless the government is at actually providing any MEANINGFUL benefit -- I am not convinced most regulation is worth it.
My statement is that it CERTAINLY isn't worth it to (as MSNBC is so fond of doing on behalf of their liberal constituents) AUTOMATICALLY call for more and "better" regulations whenever there is a problem.
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So congratulations -- if all you can do is make an empty left-wing position statement with absolutely NO supporting data -- you help make my point.
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I'd be all for EFFECTIVE (low cost and actually making businesses behave) -- we just don't see enough of that. And it constantly gets worse. And policies like the Barack Obama "throw money we don't have at everything and scream at rich people" mantra only accelerate that trend.
EPIC FAIL. Again -- congratulations.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.