"Capitalism is an evil, and you cannot regulate evil. You have to eliminate it and replace it with something that is good for all people and that something is democracy."
Conclusion of upcoming movie Capitalism: A Love Story
"In another stunning example of hypocrisy, congressional Democrats are wasting taxpayers' time and resources on a legislative measure to censure Congressman Joe Wilson so they don't have to talk about their exceedingly unpopular health care plan. If we are going to march members down to the well of the House to apologize, Joe Wilson is going to have to get in line behind Nancy Pelosi, who attacked the intelligence community who protects us, Charlie Rangel who cheated on his taxes, Jack Murtha – a walking scandal, and we all know how the Democratic leadership tried to protect William Jefferson. Democrats don't want an apology. They want a side show."
GOP National Committee Chairman
at 9/24/2009 Posted by Sunny Badger
"...The public trust deficit hangs over all companies and free-market capitalism, not just the financial sector, and the trust deficit is playing a major role in current debates over increased government regulation of the economy. It is a major mistake for leaders in business and the gatekeeping professions such as law not to undertake a serious self-assessment of responsibility for the current catastrophe with proposals and action to rebuild public trust.
Much is at stake. I am among those millions of Americans who, over the last 40 years, concluded that a strong presumption in favor of market solutions rather than government regulation offered the best hope for addressing many of society's challenges. Both Democratic and Republican administrations supported deregulation of banking and finance, programs to increase home ownership and an easy money policy -- so long as it did not lead to serious inflation.
We trusted in the prudential judgment of business leaders to make rational decisions that would avoid financial catastrophe. But we now are questioning whether we substantially overinvested in the ideology of free-market capitalism.
We realize that capitalism has an inherent struggle in which excessive short-term self-interest and hubris sometimes trump the "self-interest considered upon the whole" that generates long-term wealth creation..."
at 9/22/2009 Posted by Sunny Badger