They’re like the Dems were in the mid/late 70s. Dems had 57 different variations of the New Deal. Granted, it was a pretty powerful concept, each subsequent iteration watered down the brand and it’s effectiveness. It also inhibited serious thought on how to adjust to new challenges.

Same with the GOP these days. Their run hasn’t been as long, but it has been as craptacular as the Dems run was spectacular. You knew that they “jumped the shark” when they somehow sold the 2001 & 2003 tax cuts as a necessary to support the war in Iraq.

So when it comes to fighting the smartest and best prepared Dem candidate in a generation, who hasn’t necessarily grounded himself in old-school Dem ideology, their inability to learn and adapt is leaving them looking like this.

As I say that, I understand that Dems have shown an uncanny ability to snatch defeat from the mouth of victory. I don’t think that’s gonna happen, but I’m very wary of it.

At least with the government the focus is on delivering the services as opposed to the corporations where the focus is on maximizing profits.

And to that point, I think we’ve witnessed that deregulation can oftentimes lead to less competition, not more. Also, capitalism eventually just cannibalizes itself when there’s nothing left for it to eat. In other words, these industries eventually lobby for or create flawed money making schemes that leads to them putting their ability to deliver extremely important services in serious jeopardy. That’s not just irresponsible, it’s also a morally unteneable position. Money should not come before people when we’re talking about the fundamentals of our economy.

However, agreed about more transparency within the Fed.

After all, the government has literally had to save the fundamental building blocks of the private sector recently, so maybe people’s faith in government to fix the economy might actually be increasing.

Saving the fundamentals by creating moral hazard — but that moral hazard will be truncated by a vast new regulatory scheme, right? Or at least until liquidity and flexibility in the market is needed again through deregulation. Oops, here comes the moral hazard again like a’wack a mole. How about this for regulation, the federal government simply gets out of the mortgage business all together and make fundamental changes in transparency of the fed?

But here we are again, “Hi, we’re here from the government and we’re to help….”