I remember back to my childhood and being taught about the pendulum of government being to big then being too small, well it wasn't exactly what I was taught. Anyhow just prior to the Reagan administration government regulation was ridiculous, or so I tend to recall. Now during and after the Reagan administration, we fell into the abyss of too little regulation creating Enron and other fraudulent companies. Now it would seem that after Enron and the collapse of our banking system, almost collapse? (Well if it wasn't for government we would be on the barter system, take that you haters of government).
Now you would think that anybody in their right mind would demand a greater role of government in our economy not less, but then the world has gone crazy.
When Enron collapsed all I kept hearing about the poor stock holders, nobody thought about the state of California, which suffered from brown outs do the corruption of this firm. How much money was lost (10s of billions to the private sector and who knows how much to the public). How many jobs were lost? Didn't they have AAA rating by the private rating agencies?
Every once in a while I really get goofy and semi-literate with my blog.
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