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Author: Subject: ding dong the thread is moved
scholar
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[*] Post 480581 posted on 2-12-2013 at 01:27 Reply With Quote
ding dong the thread is moved



Quote:
Originally posted by Redwolf5150
He's sure driving the right-wingers batshit crazy


The article you cite speaks favorably of two pieces of legislation, Glass-Steagal and the Dodd-Frank legislation. Glass-Steagal was a foundation to safe banking, and its effective repeal led to the mortgage meltdown. I agree with Vyan there. But, the Dodd-Frank legislation hurt an already-damaged economy and impeded recovery (which would have had attendant jobs creation).

Creating wealth through capitalism, and using it for good, is a good thing, and agrees with the Scriptures. True charity--which is a function of free individuals, not done by government coercion--is also good.

Does the Bishop of Rome understand economics, and will he restrict his comments to matters of faith? Time will tell. The key to the proper use of wealth lies in the heart of the Christian, guided to follow God's will.

It is not enough to have caring politicians, disturbed by the state of society. Too many have been known to declare, "We must DO SOMETHING," and then they have done something that made matters worse. We need politicians who understand economics well enough to provide a climate that allows people to work at jobs which create wealth from which they and their companies can benefit. They can ruin companies and kill jobs by passing legislation that costs so much that the businesses can no longer sustain themselves, and the doors are closed.
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Redwolf5150
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[*] Post 480593 posted on 2-12-2013 at 02:32 Reply With Quote
ding dong the thread is moved



Quote:
Originally posted by scholar
Quote:
Originally posted by Redwolf5150
He's sure driving the right-wingers batshit crazy


The article you cite speaks favorably of two pieces of legislation, Glass-Steagal and the Dodd-Frank legislation. Glass-Steagal was a foundation to safe banking, and its effective repeal led to the mortgage meltdown. I agree with Vyan there. But, the Dodd-Frank legislation hurt an already-damaged economy and impeded recovery (which would have had attendant jobs creation).

Creating wealth through capitalism, and using it for good, is a good thing, and agrees with the Scriptures. True charity--which is a function of free individuals, not done by government coercion--is also good.

Does the Bishop of Rome understand economics, and will he restrict his comments to matters of faith? Time will tell. The key to the proper use of wealth lies in the heart of the Christian, guided to follow God's will.

It is not enough to have caring politicians, disturbed by the state of society. Too many have been known to declare, "We must DO SOMETHING," and then they have done something that made matters worse. We need politicians who understand economics well enough to provide a climate that allows people to work at jobs which create wealth from which they and their companies can benefit. They can ruin companies and kill jobs by passing legislation that costs so much that the businesses can no longer sustain themselves, and the doors are closed.


Take it to the politics forum.
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scholar
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Posts: 32177
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[*] Post 480615 posted on 2-12-2013 at 15:51 Reply With Quote
ding dong the thread is moved



Quote:
Originally posted by Redwolf5150
Quote:
Originally posted by scholar
Quote:
Originally posted by Redwolf5150
He's sure driving the right-wingers batshit crazy


The article you cite speaks favorably of two pieces of legislation, Glass-Steagal and the Dodd-Frank legislation. Glass-Steagal was a foundation to safe banking, and its effective repeal led to the mortgage meltdown. I agree with Vyan there. But, the Dodd-Frank legislation hurt an already-damaged economy and impeded recovery (which would have had attendant jobs creation).

Creating wealth through capitalism, and using it for good, is a good thing, and agrees with the Scriptures. True charity--which is a function of free individuals, not done by government coercion--is also good.

Does the Bishop of Rome understand economics, and will he restrict his comments to matters of faith? Time will tell. The key to the proper use of wealth lies in the heart of the Christian, guided to follow God's will.

It is not enough to have caring politicians, disturbed by the state of society. Too many have been known to declare, "We must DO SOMETHING," and then they have done something that made matters worse. We need politicians who understand economics well enough to provide a climate that allows people to work at jobs which create wealth from which they and their companies can benefit. They can ruin companies and kill jobs by passing legislation that costs so much that the businesses can no longer sustain themselves, and the doors are closed.


Take it to the politics forum.

You post a link to the Kos political site here, and then tell me to go to the politics forum when I respond to your political content? What a double-standard you have!
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