Comment on Friedman's Op-Ed

November 26, 2008 6:21 am
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Mr. Friedman,Capitalism unleashed without almost any common sense regulation (since Ronald Reagan brought up his "government is the problem, not the solution" mantra) had a whole lot to do with this. The Republicans (as ham handed as they have been the last eight years) managed to frame the dialogue brilliantly. Almost no one on either side of the aisle seemed to dare to say "do we know what we are getting ourselves into?" possibly for fear of being labeled "liberal", "Socialist" "anti-freemarket" and other such loaded terms. Why did no one point out that as with most things in life, too much of almost anything is not good whether it is regulation or deregulation?Where are the "government is the problem not the solution" poodles now that we the taxpayers(government)seem to be bailing some company or other every weekend?Has any one of these people who made multimillion dollar bonuses offered to help the nation out by giving up even a tiny portion of their bonuses from any of the last five years of this bacchanal?
— S.Cavett, NJ